Greenzo Energy Unlisted Shares
About Greenzo Energy Unlisted Shares
Greenzo Energy India Limited is a dynamic player in the renewable energy sector, founded in 2021 with a focus on sustainable solutions like solar, hydropower, and green hydrogen. The company’s rapid growth is marked by key milestones:
- 2020: Began as a hydropower consultancy.
- 2021: Commissioned Nepal’s first 12.25 MW solar project.
- 2022: Expanded solar consultancy (200+ MW projects) and launched an electrolyser manufacturing plant.
- 2023: Entered green hydrogen production, positioning itself as a pioneer in India’s clean energy transition.
Under the leadership of Mr. Sandeep Agarwal (Founder) and Mr. Raj Kumar Agarwal (ex-NTPC executive), Greenzo combines technical expertise with strategic vision. As of May 2024, the company’s unlisted shares trade at ₹750, with a market cap of ₹885 Cr. Projections indicate robust growth, targeting ₹4,200 Cr turnover and ₹686 Cr PAT by FY2029, reflecting a 20x forward P/E ratio.
Business Divisions
A. Electrolyser Manufacturing
The company is setting up a 250 MW electrolyser plant in Sanand, Gujarat (Phase-1 investment: ₹100 Cr). Electrolysers are critical for producing green hydrogen via water electrolysis. While production is yet to commence, Greenzo aims to deliver proprietary PEM electrolysers, offering end-to-end solutions from financing to plant maintenance.
B. Renewable Energy Services
Greenzo provides solar, wind, and hydropower EPC services, having executed projects like:
- Nepal’s 12.25 MW solar plant.
- API Power’s 4 MW solar installation.
- Chandranigahapur’s 5 MW project.
C. Green Hydrogen & Ammonia Consultancy
The firm assesses demand-supply dynamics, infrastructure feasibility, and export potential for green hydrogen/ammonia. Its reports guide clients on replacing conventional fuels with carbon-free alternatives.
D. Fuel Cell Technology
Greenzo develops fuel cells to convert hydrogen into electricity, targeting industries like transportation and backup power systems.
Pros
- Strategic Partnership: Collaborated with France’s EODev to introduce hydrogen fuel cell generators in India and Nepal.
- Manufacturing Expansion: Investing ₹3,500 crore in an electrolyzer plant in Gandhinagar to boost green hydrogen production.
- Diverse Renewable Projects: Secured a ₹500 crore EPC project for a 120 MW solar installation in Nepal.
Cons
- High Capital Expenditure: Significant investments in new facilities may strain financial resources.
- Market Competition: Faces competition from established players in the renewable energy sector.
- Regulatory Challenges: Navigating complex regulations in multiple countries could impact project timelines.
Key Details
| Share Name | Particulars |
|---|---|
| Greenzo Energy Unlisted | 620.00 |
| Shares Price | Per Equity Share |
| Lot Size | 100 Shares |
| 52 Week High | ₹750 |
| 52 Week Low | ₹675 |
| Depository | NSDL & CDSL |
| PAN Number | AAKCG1555H |
| ISIN Number | INE0OA401013 |
| CIN | U29309DL2022PLC407203 |
| RTA | Maashitla Securities |
| Fundamentals | Value |
|---|---|
| Market Cap (in cr.) | 734.84 |
| P/E Ratio | 342.54 |
| P/B Ratio | 12.24 |
| Debt to Equity | 0.01 |
| ROE (%) | 2% |
| Book Value | 50.67 |
| EPS | 1.81 |
| Face Value | 10 |
| Total Shares | 11852331 |
Financials
| P&L Statement | 2024 |
|---|---|
| Revenue | 14791.06 |
| Cost of Material Consumed | 11707.16 |
| Gross Margins | 0.21 |
| Change in Inventory | -87.54 |
| Employee Benefit Expenses | 522.54 |
| Other Expenses | 1388.04 |
| EBITDA | 1260.86 |
| OPM | 0.09 |
| Other Income | 96.50 |
| Finance Cost | 0.00 |
| D&A | 44.12 |
| EBIT | 1216.75 |
| EBIT Margins | 0.08 |
| PBT | 909.13 |
| PBT Margins | 0.06 |
| Tax | 307.62 |
| PAT | 1004.70 |
| NPM | 0.07 |
| EPS | 1.81 |
| Financial Ratios | FY24 |
|---|---|
| Operating Margin | 9% |
| Net Profit Margin | 7% |
| Return on Equity | 2% |
| Debt-Equity | 0.01 |
| Current Ratio | 7.39 |
| Dividend Payout | 0% |
| Company | Greenzo Energy | Waaree Renewables Technologies | Oriana Power Ltd |
|---|---|---|---|
| Market Cap (₹ Crores) | 760 | 6888 | 3343 |
| Profitability Margin (%) | 7% | 16% | 14% |
| ROCE (%) | 2% | 22% | 38% |
| ROE (%) | 2% | 30% | 61% |
| D/E Ratio | 0.01 | 0.24 | 0.64 |
| P/E Ratio | 383.98 | 29.7 | 94.4 |
| P/B Ratio | 13.72 | 3.51 | 8.34 |
| Book Value per Share (₹) | 50.67 | 99.8 | 197 |
| Assets | 2024 |
|---|---|
| Fixed Assets | 5.27 |
| CWIP | 0.00 |
| Investments | 0.00 |
| Trade Receivables | 12.56 |
| Inventory | 0.09 |
| Other Assets | 45.94 |
| Total Assets | 63.86 |
| Liabilities | 2024 |
|---|---|
| Share Capital | 10.23 |
| FV | 10.00 |
| Reserves | 26.78 |
| Borrowings | 0.51 |
| Trade Payables | 6.28 |
| Other Liabilities | 20.06 |
| Total Liabilities | 63.86 |
