Ganesh Green Bharat IPO Review & Recommendations

Bookbuilding IPO | ₹125 Cr | Listed at NSE SME | Fri, Jul 5, 2024 - Tue, Jul 9, 2024

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Ganesh Green Bharat IPO Peer Comparison

Ganesh Green Bharat Limited peer comparison with similar listed entities. (As on March 31, 2024)

Company NameEPS (Basic)EPS (Diluted)P/E (x)RoNW (%)Financial statements
Ganesh Green Bharat Limited10.9210.9234.72Consolidated
Solex Energy Limited10.9210.92133.8618.89Consolidated
Waaree Renewable Technologies Limited14.2214.22131.9163.80Consolidated
Zodiac Energy Limited7.507.5094.1523.17Consolidated

Notes:

  1. Source-All the financial information for listed industry peer Solex Energy Limited , Zodiac Energy Limited and Waaree Renewable Technologies Limited is sourced from their audited financial results for the year ended March 31, 2024
  2. Market Price for the listed peer mentioned above is sourced from stock exchange data dated June 27, 2024 to compute the corresponding financial ratios. For Ganesh Green Bharat Limited, they have taken Current Market Price as the issue price of equity share. 85
  3. Further, P/E Ratio is based on the current market price of the respective scrips.
  4. The EPS, NAV, RoNW and Total Income of the Company are taken as per Restated Financial Statement for the Financial Year 2023-24 as adjusted with the effect of Bonus Issue.
  5. NAV per share is computed as the closing net worth divided by the closing outstanding number of paid-up equity shares as adjusted with the effect of Bonus Issue.
  6. P/E Ratio of the peer company Solex Energy Limited , Zodiac Energy Limited and Waaree Renewable Technologies Limited is based on the audited financial results of the company for the year ended March 31, 2024 and stock exchange data dated June 27, 2024
  7. RoNW has been computed as net profit after tax divided by closing net worth.
  8. Net worth has been computed in the manner as specifies in Regulation 2(1) (hh) of SEBI (ICDR) Regulations, 2018. 

IPO Review by Members

Ganesh Green Bharat IPO Reviews, analysis and views by popular members.

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