[Dilip Davda] The company is engaged in solar, electrical goods, and water supply scheme related business and service providing. It posted inconsistency in its top lines for the reported periods, but marked sudden boost for FY24 in its top and bottom lines. Based on super earnings for FY24, the issue appears fully priced. Off late rising fancy for these segments from the investors have boosted such counters on the bourses. This company is poised for bright prospects ahead. Investors may park funds for the medium to long term. Read detail review...

Ganesh Green Bharat IPO Peer Comparison

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

Company Name	EPS (Basic)	EPS (Diluted)	P/E (x)	RoNW (%)	Financial statements
Ganesh Green Bharat Limited	10.92	10.92		34.72	Consolidated
Solex Energy Limited	10.92	10.92	133.86	18.89	Consolidated
Waaree Renewable Technologies Limited	14.22	14.22	131.91	63.80	Consolidated
Zodiac Energy Limited	7.50	7.50	94.15	23.17	Consolidated

Notes:

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
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
Further, P/E Ratio is based on the current market price of the respective scrips.
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.
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.
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
RoNW has been computed as net profit after tax divided by closing net worth.
Net worth has been computed in the manner as specifies in Regulation 2(1) (hh) of SEBI (ICDR) Regulations, 2018.

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