GK Energy Ltd.
•₹ 123.3-0.56%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • EPC Business & Supply of Systems: 88.4% • Trading of Solar Cells (DCR) & Others: 11.6%
PROS
- Company has a good return on equity (ROE) track record: 3 Years ROE 67.4%
- Company has a healthy return on capital (ROCE) of 53.9%
- Latest quarter profit grew 59.9% YoY, showing strong momentum
- Company comfortably covers its interest (7.8x coverage)
- Company maintains a comfortable, low leverage position
CONS
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.14x)
- Operating cash flow has been negative in recent years
- Free cash flow has been persistently negative
- Working capital days have increased from 65 to 166 days
- Though reporting repeated profits, the company pays out little dividend (5.0%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | LT | 4030.10 | 33.42 | 554487.79 | 0.94 | 4988.03 | 15.51 | 67941.74 | 6.69 | 15.98 | 12.00 |
| 2. | RVNL | 223.10 | 51.71 | 46516.80 | 0.32 | 1595.20 | 1087.26 | 43212.30 | 1005.52 | 10.81 | 4.41 |
| 3. | KPIL | 1377.05 | 20.69 | 23516.23 | 0.80 | 311.53 | 45.85 | 6407.97 | 3.84 | 18.95 | 8.77 |
| 4. | IRB | 18.97 | 24.01 | 22911.97 | 0.69 | 3062.70 | 1412.58 | 21372.72 | 918.25 | 24.76 | 53.93 |
| 5. | CEMPRO | 1263.50 | 36.08 | 21705.36 | 0.24 | 140.83 | 2.64 | 2720.92 | 7.02 | 33.53 | 10.09 |
| 6. | ENGINERSIN | 236.95 | 16.98 | 13317.59 | 2.11 | 157.94 | 141.49 | 819.84 | -5.80 | 25.84 | 20.61 |
| 7. | TECHNOE | 997.70 | 26.92 | 11603.21 | 0.70 | 93.33 | -31.44 | 630.34 | 19.84 | 16.54 | 15.79 |
| 8. | IRCON | 122.60 | 22.02 | 11530.72 | 1.55 | 92.03 | -43.92 | 1955.83 | 9.49 | 12.69 | 9.81 |
| 9. | KEC | 423.05 | 20.34 | 11261.59 | 1.30 | 72.62 | -41.72 | 5023.54 | 0.01 | 16.35 | 5.79 |
| 10. | AFCONS | 277.95 | 70.65 | 10222.57 | 0.72 | 30.30 | -77.95 | 2671.00 | -20.75 | 12.88 | 9.42 |
| 11. | WAAREERTL | 880.80 | 18.09 | 9193.72 | 0.00 | 118.98 | 37.72 | 924.25 | 53.23 | 81.92 | 18.77 |
| 12. | GKENERGY | 122.20 | 10.94 | 2478.43 | 0.41 | 59.65 | 59.86 | 505.19 | 55.54 | 41.41 | 16.36 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|
| 320 | 353 | 325 | 404 | 510 | 477 | 505 | |
| 265 | 286 | 267 | 331 | 415 | 393 | 428 | |
| Operating Profit | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — |
| Other Income | 2 | 1 | 2 | 2 | 3 | 3 | 3 |
| Interest | 6 | 7 | 8 | 11 | 11 | 11 | 5 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| 50 | 60 | 51 | 63 | 86 | 75 | 80 | |
| Tax % | 25.06% | 25.03% | 26.15% | 25.20% | 29.50% | 20.63% | 25.68% |
| Net Profit | 0 | 0 | 37 | 47 | 61 | 59 | 60 |
| 2 | 3 | 2 | 2 | 3 | 3 | 0 | |
| Equity Capital | 34 | 34 | 34 | 41 | 41 | 41 | 41 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 34 | 34 | 34 | 41 | 41 | 41 | 41 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Dec 2024
- 320
- 265
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 6
- Depreciation
- 0
- 50
- Tax %
- 25.06%
- Net Profit
- 0
- 2
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 353
- 286
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 7
- Depreciation
- 0
- 60
- Tax %
- 25.03%
- Net Profit
- 0
- 3
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 325
- 267
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 8
- Depreciation
- 1
- 51
- Tax %
- 26.15%
- Net Profit
- 37
- 2
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 404
- 331
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 11
- Depreciation
- 1
- 63
- Tax %
- 25.20%
- Net Profit
- 47
- 2
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 510
- 415
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 11
- Depreciation
- 1
- 86
- Tax %
- 29.50%
- Net Profit
- 61
- 3
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 477
- 393
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 11
- Depreciation
- 1
- 75
- Tax %
- 20.63%
- Net Profit
- 59
- 3
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 505
- 428
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 5
- Depreciation
- 1
- 80
- Tax %
- 25.68%
- Net Profit
- 60
- 0
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|
| 411 | 1,095 | 1,715 | 1,896 | |
| 357 | 895 | 1,406 | 1,567 | |
| Operating Profit | 55 | 204 | 318 | — |
| OPM % | 13 | 19 | 19 | — |
| Other Income | 1 | 4 | 9 | 11 |
| Interest | 6 | 22 | 41 | 37 |
| Depreciation | 1 | 1 | 4 | 4 |
| 48 | 180 | 274 | 304 | |
| Tax % | 25 | 26 | 25 | 25 |
| Net Profit | 36 | 133 | 204 | 227 |
| EPS | 278 | 8 | 10 | — |
| Dividend Payout % | 0 | 0 | 5 | — |
| Minority Interest | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 |
| Adjusted EPS | 2 | 8 | 10 | — |
| Minority Interest | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 |
| Adjusted EPS | 2 | 8 | 10 | — |
Mar 2024
- 411
- 357
- Operating Profit
- 55
- OPM %
- 13
- Other Income
- 1
- Interest
- 6
- Depreciation
- 1
- 48
- Tax %
- 25
- Net Profit
- 36
- EPS
- 278
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2025
- 1,095
- 895
- Operating Profit
- 204
- OPM %
- 19
- Other Income
- 4
- Interest
- 22
- Depreciation
- 1
- 180
- Tax %
- 26
- Net Profit
- 133
- EPS
- 8
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2026
- 1,715
- 1,406
- Operating Profit
- 318
- OPM %
- 19
- Other Income
- 9
- Interest
- 41
- Depreciation
- 4
- 274
- Tax %
- 25
- Net Profit
- 204
- EPS
- 10
- Dividend Payout %
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
TTM
- 1,896
- 1,567
- Operating Profit
- —
- OPM %
- —
- Other Income
- 11
- Interest
- 37
- Depreciation
- 4
- 304
- Tax %
- 25
- Net Profit
- 227
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 67%
- Last Year:
- 37%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| LIABILITIES | - | - | - |
| Equity Capital | 1 | 34 | 41 |
| 55 | 175 | 847 | |
| 32 | 203 | 176 | |
| Trade Payables | 67 | 117 | 135 |
| 59 | 54 | 107 | |
| Total Liabilities | 214 | 584 | 1,305 |
| ASSETS | - | - | - |
| 11 | 14 | 110 | |
| 20 | 60 | 58 | |
| 152 | 361 | 589 | |
| Cash & Bank | 10 | 63 | 443 |
| 22 | 86 | 105 | |
| Total Assets | 214 | 584 | 1,305 |
| Total Debt | 62 | 218 | 205 |
| Net Working Capital | 55 | 194 | 782 |
| Contingent Liabilities | 17 | 56 | 105 |
| Book Value per Share | 430.45 | 12.29 | 43.77 |
| Face Value | 10.00 | 2.00 | 2.00 |
| Total Debt | 62 | 218 | 205 |
| Net Working Capital | 55 | 194 | 782 |
| Contingent Liabilities | 17 | 56 | 105 |
| Book Value per Share | 430.45 | 12.29 | 43.77 |
| Face Value | 10.00 | 2.00 | 2.00 |
Mar 2024
- Equity Capital
- 1
- 55
- 32
- Trade Payables
- 67
- 59
- Total Liabilities
- 214
- 11
- 20
- 152
- Cash & Bank
- 10
- 22
- Total Assets
- 214
- Total Debt
- 62
- Net Working Capital
- 55
- Contingent Liabilities
- 17
- Book Value per Share
- 430.45
- Face Value
- 10.00
- Total Debt
- 62
- Net Working Capital
- 55
- Contingent Liabilities
- 17
- Book Value per Share
- 430.45
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 34
- 175
- 203
- Trade Payables
- 117
- 54
- Total Liabilities
- 584
- 14
- 60
- 361
- Cash & Bank
- 63
- 86
- Total Assets
- 584
- Total Debt
- 218
- Net Working Capital
- 194
- Contingent Liabilities
- 56
- Book Value per Share
- 12.29
- Face Value
- 2.00
- Total Debt
- 218
- Net Working Capital
- 194
- Contingent Liabilities
- 56
- Book Value per Share
- 12.29
- Face Value
- 2.00
Mar 2026
- Equity Capital
- 41
- 847
- 176
- Trade Payables
- 135
- 107
- Total Liabilities
- 1,305
- 110
- 58
- 589
- Cash & Bank
- 443
- 105
- Total Assets
- 1,305
- Total Debt
- 205
- Net Working Capital
- 782
- Contingent Liabilities
- 105
- Book Value per Share
- 43.77
- Face Value
- 2.00
- Total Debt
- 205
- Net Working Capital
- 782
- Contingent Liabilities
- 105
- Book Value per Share
- 43.77
- Face Value
- 2.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| -5 | -99 | 50 | |
| Cash from Investing | -10 | -53 | -136 |
| Cash from Financing | 15 | 152 | 420 |
| 0 | 0 | 334 | |
| Free Cash Flow | -5 | -103 | -49 |
| OCF / Net Profit | -0.13 | -0.74 | 0.25 |
| Cumulative 5-Year FCF | 0 | 0 | 0 |
| OCF / Net Profit | -0.13 | -0.74 | 0.25 |
| Cumulative 5-Year FCF | 0 | 0 | 0 |
Mar 2024
- -5
- Cash from Investing
- -10
- Cash from Financing
- 15
- 0
- Free Cash Flow
- -5
- OCF / Net Profit
- -0.13
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.13
- Cumulative 5-Year FCF
- 0
Mar 2025
- -99
- Cash from Investing
- -53
- Cash from Financing
- 152
- 0
- Free Cash Flow
- -103
- OCF / Net Profit
- -0.74
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.74
- Cumulative 5-Year FCF
- 0
Mar 2026
- 50
- Cash from Investing
- -136
- Cash from Financing
- 420
- 334
- Free Cash Flow
- -49
- OCF / Net Profit
- 0.25
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.25
- Cumulative 5-Year FCF
- 0
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| PER SHARE | - | - | - |
| EPS (₹) | 277.62 | 7.83 | 10.07 |
| Book Value (₹) | 430.45 | 12.29 | 43.77 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.50 |
| Cash EPS (₹) | 2.18 | 7.91 | 10.26 |
| PROFITABILITY | - | - | - |
| Operating Margin % | 13.09% | 18.24% | 18.02% |
| Net Margin % | 8.78% | 12.17% | 11.91% |
| ROE % | 64.49% | 100.52% | 37.26% |
| ROCE % | 45.99% | 74.34% | 41.41% |
| 16.86% | 33.40% | 21.63% | |
| EFFICIENCY | - | - | - |
| Debtor Days | 135 | 85 | 101 |
| Inventory Days | 18 | 13 | 13 |
| Payable Days | 78 | 48 | 39 |
| 74 | 51 | 75 | |
| FINANCIAL HEALTH | - | - | - |
| Debt to Equity (x) | 1.11x | 1.04x | 0.23x |
| Interest Coverage (x) | 8.91x | 9.07x | 7.76x |
| 1.39x | 1.54x | 2.95x | |
| GROWTH | - | - | - |
| Revenue Growth % | 0.00% | 166.32% | 56.67% |
| Operating Profit Growth % | 0.00% | 270.65% | 56.07% |
| Net Profit Growth % | 0.00% | 269.10% | 53.37% |
| 0.00% | -97.18% | 28.66% | |
| VALUATION | - | - | - |
| P/E (x) | 0.00x | 0.00x | 8.95x |
| P/B (x) | 0.00x | 0.00x | 2.06x |
| Dividend Yield % | 0.00% | 0.00% | 0.55% |
| 0.98x | 0.93x | 5.00x |
Mar 2024
- EPS (₹)
- 277.62
- Book Value (₹)
- 430.45
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.18
- Operating Margin %
- 13.09%
- Net Margin %
- 8.78%
- ROE %
- 64.49%
- ROCE %
- 45.99%
- 16.86%
- Debtor Days
- 135
- Inventory Days
- 18
- Payable Days
- 78
- 74
- Debt to Equity (x)
- 1.11x
- Interest Coverage (x)
- 8.91x
- 1.39x
- Revenue Growth %
- 0.00%
- Operating Profit Growth %
- 0.00%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.98x
Mar 2025
- EPS (₹)
- 7.83
- Book Value (₹)
- 12.29
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 7.91
- Operating Margin %
- 18.24%
- Net Margin %
- 12.17%
- ROE %
- 100.52%
- ROCE %
- 74.34%
- 33.40%
- Debtor Days
- 85
- Inventory Days
- 13
- Payable Days
- 48
- 51
- Debt to Equity (x)
- 1.04x
- Interest Coverage (x)
- 9.07x
- 1.54x
- Revenue Growth %
- 166.32%
- Operating Profit Growth %
- 270.65%
- Net Profit Growth %
- 269.10%
- -97.18%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.93x
Mar 2026
- EPS (₹)
- 10.07
- Book Value (₹)
- 43.77
- Dividend per Share (₹)
- 0.50
- Cash EPS (₹)
- 10.26
- Operating Margin %
- 18.02%
- Net Margin %
- 11.91%
- ROE %
- 37.26%
- ROCE %
- 41.41%
- 21.63%
- Debtor Days
- 101
- Inventory Days
- 13
- Payable Days
- 39
- 75
- Debt to Equity (x)
- 0.23x
- Interest Coverage (x)
- 7.76x
- 2.95x
- Revenue Growth %
- 56.67%
- Operating Profit Growth %
- 56.07%
- Net Profit Growth %
- 53.37%
- 28.66%
- P/E (x)
- 8.95x
- P/B (x)
- 2.06x
- Dividend Yield %
- 0.55%
- 5.00x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-13 - GK Energy Limited has informed the Exchange about Transcript of the Earnings Conference Call held on August 07, 2026.
- Copy of Newspaper Publication
2026-08-09 - GK Energy Limited has informed the Exchange regarding the Newspaper publication relating to the dispatch of the Annual Report for FY 2025-26 to Shareholders, 18th Annual General Meeting, remote e-voting facility and Record Date.
Annual Reports
Nothing filed yet.
Credit Ratings
Nothing filed yet.
Concalls
Aug 2026
May 2026
Feb 2026