GRE Renew Enertech Peer Comparison

BSE: 544682

₹169.00

₹2.00 (1.20%)

As on 25-Aug-2026IST

Market cap

₹241 Cr

Revenue (TTM)

₹84 Cr

P/E Ratio

17.8

P/B Ratio

3.4

Div. Yield

0 %

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	GRE Renew Enertech	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Waaree Renewable	KPI Green Energy
Market cap (₹ Cr)	241	27,307	14,982	9,131	6,255
Revenue (₹ Cr)	84	2,370	1,913	3,652	2,787
Net Profit (₹ Cr)	7.03	602.41	85.58	511.22	492.55
Net Margin (%)	8.33	20.94	4.12	13.92	17.36
RoE (%)	26.89	11.98	2.43	63.82	16.05
Price to Earnings	17.79	45.25	159.16	17.97	13.66
Price-To-Book	3.41	3.37	3.25	8.67	2.08

Income Statement
Liabilities
Assets
Cashflow
Ratios

Income Statement (₹ Cr)

	GRE Renew Enertech	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Waaree Renewable	KPI Green Energy
Operating Revenue	83.72	1,405.13	1,495.70	1,597.75	1,735.45
Total Income	84.37	1,575.24	1,611.77	1,612.55	1,755.16
Total Expenditure	74.23	169.67	594.52	1,286.85	1,171.68
EBITDA	9.48	1,235.46	901.19	310.90	563.77
Depreciation	0.35	287.31	299.99	6.37	60.51
EBIT	9.13	948.15	601.20	304.53	503.26
Interest	0.32	759.24	665.07	14.84	79.45
Other Income	0.66	170.11	116.07	14.80	19.70
Exceptional Items	--	-20.98	--	-4.02	-2.60
Profit before Tax	9.47	338.04	59.75	300.48	440.91
Provision for Tax	2.44	87.22	40.32	71.55	115.63
Profit after Tax	7.03	250.82	19.43	228.92	325.28

Liabilities (₹ Cr)

	GRE Renew Enertech	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Waaree Renewable	KPI Green Energy
Shareholder's Funds	31.23	4,510.58	2,563.48	455.42	2,423.37
Minority Interest	--	-1.29	641.29	-0.46	206.42
Non-Current Liabilities	1.65	12,311.47	7,369.37	52.23	1,366.50
Current Liabilities	12.58	1,319.53	2,450.57	612.94	795.73
Total Liabilities	45.46	18,140.29	13,024.72	1,120.12	4,792.03

Assets (₹ Cr)

	GRE Renew Enertech	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Waaree Renewable	KPI Green Energy
Non-Current Assets	14.92	14,358.54	11,155.55	308.62	2,598.37
Current Assets	30.54	3,772.11	1,869.17	811.51	2,193.66
Total Assets	45.46	18,140.29	13,024.72	1,120.12	4,792.03
Total Debt*	1.59	10,422.70	7,973.70	27.37	1,125.48
Net Current Assets	17.95	2,452.58	-581.40	198.57	1,397.93
Contingent Liabilities	0.44	549.26	871.87	3.70	0.88

Cashflow (₹ Cr)

	GRE Renew Enertech	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Waaree Renewable	KPI Green Energy
Cash From Operating Activities	10.66	1,543.02	1,404.20	302.70	207.73
Cash Flow from Investing Activities	-10.22	-3,976.13	-3,617.05	-236.93	-1,586.90
Cash from Financing Activities	-0.04	3,408.23	2,481.24	-48.57	1,806.63
Net Cash Inflow / Outflow	0.39	975.11	268.39	17.20	427.46

Ratios

Profitability Ratios

	GRE Renew Enertech	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Waaree Renewable	KPI Green Energy
ROCE (%)	33.50	8.53	8.11	81.92	19.95
ROE (%)	26.89	7.80	0.91	65.52	20.10
ROA (%)	14.86	1.60	0.18	24.96	9.00
EBIT Margin (%)	12.11	100.03	68.01	20.39	33.62
Net Margin (%)	8.33	15.92	1.21	14.20	18.53
Cash Profit Margin (%)	8.82	38.30	21.36	14.73	22.23

Growth Ratios

	GRE Renew Enertech	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Waaree Renewable	KPI Green Energy
Revenue Growth (%)	-7.33	6.51	7.62	82.29	69.49
EBIT Growth (%)	-23.72	13.70	37.11	54.12	69.73
Net Profit Growth (%)	-29.06	-64.05	149.88	57.64	101.21
EPS Growth (%)	-32.57	-93.76	177.93	57.56	81.58
Book Value Growth (%)	48.46	131.16	38.40	85.35	187.35

Valuation Ratios

	GRE Renew Enertech	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Waaree Renewable	KPI Green Energy
Price / Earnings	0.00	46.08	0.00	41.29	25.19
Price / Book Value	0.00	2.59	0.00	20.85	3.35
Dividend Yield (%)	--	0.10	--	0.11	0.20
EV/EBITDA	0.53	13.61	6.67	28.54	14.70
Market Cap (₹ Cr)	0.00	11,617.76	0.00	9,461.86	8,050.94

Solvency Ratios

	GRE Renew Enertech	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Waaree Renewable	KPI Green Energy
Debt to Equity	0.05	2.32	3.22	0.06	0.47
Short term debt to equity ratio	0.00	0.04	0.04	--	0.10
Current Ratio	2.43	2.86	0.76	1.32	2.76
Quick Ratio	2.09	2.86	0.74	1.31	2.17
Interest Coverage	30.49	1.45	1.09	21.25	6.55

Operating Efficiency Ratios

	GRE Renew Enertech	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Waaree Renewable	KPI Green Energy
Debtors to sales (%)	10.72	27.10	12.57	31.15	33.31
Asset Turnover	1.77	0.09	0.14	1.74	0.48
Receivable days	31.46	104.13	53.67	99.41	105.71
Inventory Days	19.66	1.02	11.23	4.07	84.13
Payable days	14.24	--	--	78.86	167.00
Cash Conversion Cycle	36.88	--	--	24.62	22.84