GRE Renew Enertech

Ahmedabad, India Founded: 1999 • Age: 27 yrs Listed
Solar panels and energy-efficient LED lights are manufactured and installed.
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About GRE Renew Enertech

GRE Renew Enertech is a publicly listed company based in Ahmedabad (India) founded in 1999. Solar panels and energy-efficient LED lights are manufactured and installed. The company has 8 employees. Its Indian entity Gre Renew Enertech Limited reported revenue of ₹117 Cr. GRE Renew Enertech offers products and services including Rooftop Solar, Ground Mounted Solar, and LED Lights. Its focus areas include Energy, Solar Energy, Solar Products and Lighting. Its competitors include Svarochi, Mansaa Smartshine and elitedali; 1 of its 3 listed competitors has raised funding.

Company details

GRE Renew Enertech was founded in 1999 and is located in Ahmedabad, India. Operations focus on the renewable energy and lighting sectors, where solar panels and indoor LED products are manufactured. Development and installation of advanced solar energy systems are handled, alongside energy-efficient LED lighting solutions. Products include LED panel lights, LED batten lights, T-8 LED tube lights, and LED bulbs, supporting solar energy applications across the region.

  • Headquarters Ahmedabad, India
  • Employees 8
  • Stage Public
  • Sectors
    Energy & Utilities
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website greindia.com
  • Social LinkedIn X Facebook YouTube
  • Legal Name Gre Renew Enertech Ltd.
Operational Areas
Energy & Utilities → Energy Efficiency Solutions
Energy & Utilities → Renewable & Sustainable Energy
Key Metrics
  • Market Cap
    ₹303 Cr

    GRERENEW · BSE

  • Share Price
    ₹212.20

    +0.09% today

  • Revenue
    ₹115 Cr

    FY 2025-26 · +44.8% YoY

  • EBITDA
    ₹15.52 Cr

    Margin 13.4%

  • Net Profit
    ₹12.08 Cr

    FY 2025-26 · +72.3% YoY

  • P/E (TTM)
    25.1x

    P/B 4.4x

  • ROE
    26.7%

    ROCE 35.1%

  • Debt / Equity
    0.04

    Interest cover 2.3x

  • Latest Funding Round
    $389.3K (USD), Unspecified

    May 2024

  • Investors
    Chanakya Fund

    & 2 more

  • Employee Count
    8

Products & Services of GRE Renew Enertech

GRE Renew Enertech offers a comprehensive portfolio of products and services, including Rooftop Solar, Ground Mounted Solar, and LED Lights.

Rooftop Solar
Solar Installation

Delivers customized solar systems for rooftops to generate electricity efficiently.

Ground Mounted Solar
Solar Installation

Provides large-scale solar parks for industrial energy production and sustainability.

LED Lights
Lighting Solutions

Manufactures energy-saving lights for indoor and outdoor commercial use.

Funding Insights of GRE Renew Enertech

  • Total Rounds 1
  • Last Round Unspecified — $389,301
  • First Round $389,301

    (May 2024)

  • Investors Count 3

All 1 funding rounds of GRE Renew Enertech with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
May 2024$389,301Unspecified–Ankit Mittal
Chanakya Fund, Persistent Growth Fund
Valuation history

3 investors in total: 2 institutional and 1 angel.

Investors in GRE Renew Enertech

GRE Renew Enertech has secured backing from 3 investors, including angel and institutional investors. Prominent investors backing the company include Ankit Mittal, Chanakya Fund and Persistent Growth Fund.

All
Institutional
Angel
InvestorDescriptionFounded YearDomainLocation
Chanakya Fund
Invests in high-growth SMEs with sector-agnostic approach in manufacturing and services.
2023chanakyafund.comAhmedabad, India

Ankit Mittal

Angel investor, ex-entrepreneur, focused on tech startups in India
unknown_f029a6dda29b4541b
Persistent Growth Fund
persistentgrowthfund.tcc.mode
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Investor details for GRE Renew Enertech

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

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  • Round participation
  • Investor portfolios
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Board of directors of Gre Renew Enertech Limited (GRE Renew Enertech)

Gre Renew Enertech Limited is the primary company behind GRE Renew Enertech. The board of Gre Renew Enertech Limited currently have 6 directors; the longest-serving is Kamleshkumar Dahyalal Patel, appointed in 2008. 8 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Kamleshkumar Dahyalal Patel
DIN 02061331
Managing Director24 Oct 200818 yrsGre Renew Enertech Limited
Kirtikumar Kantilal Suthar
DIN 02061296
Whole-time director24 Oct 200818 yrsGre Renew Enertech Limited
Mukeshkumar Prahladbhai Trivedi
DIN 10576988
Whole-time director31 Mar 20242 yrs 6 moGre Renew Enertech Limited
Lokesh Laxmanbhai Dave
DIN 03494303
Director18 May 20242 yrs 5 moGre Renew Enertech Limited
Kavita Khatri
DIN 08271931
Director18 May 20242 yrs 5 moGre Renew Enertech Limited
Mehul Ganesh Rajput
DIN 10529340
Director18 May 20242 yrs 5 moGre Renew Enertech Limited

People of GRE Renew Enertech

1 people are tracked at GRE Renew Enertech (1 in leadership); the tracked headcount is 8.

NameRoleGroup
Kamlesh D Patel
Managing DirectorLeadership
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Complete people profiles for GRE Renew Enertech

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

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  • Professional contacts

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IPO & Listings of GRE Renew Enertech

GRE Renew Enertech is a publicly listed company on the BSE with ticker symbol GRERENEW in India, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date21 Jan 2026
  • Listed onBSE: 544682
  • Listed entityGre Renew Enertech Ltd.
  • Exchange sectorElectronic technology
  • ISININE0U8P01015
  • Share price₹222.00 (-1.09% on the day) · 2026-10-13
  • Market capitalisation₹321 Cr
  • Volume (last session)2,400

Financials of GRE Renew Enertech

Exchange-reported figures of Gre Renew Enertech Limited, the listed company behind GRE Renew Enertech (BSE: GRERENEW).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹115 Cr
+44.8% YoY
EBITDA
₹15.52 Cr
+60.2% YoY
Profit After Tax
₹12.08 Cr
+72.3% YoY
Net Worth
₹68.72 Cr
+215.4% YoY
Total Assets
₹70.48 Cr
+200.2% YoY
Total Debt
₹1.68 Cr
+7.7% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Income statement
Revenue11579.6690.3452.22
Revenue growth+44.8%-11.8%+73.0%-
EBITDA15.529.6911.481.31
EBITDA margin+13.5%+12.2%+12.7%+2.5%
Profit before tax16.169.4512.631.52
Net profit12.087.019.201.41
Net profit margin+10.5%+8.8%+10.2%+2.7%
EPS (₹)8.456.6679.247.14
Balance sheet
Total assets70.4823.4825.7416.00
Net worth68.7221.7921.0311.14
Total debt1.681.564.574.75
Cash & bank27.502.866.301.70
Net working capital41.388.5021.1012.25
Cash flow
Cash from operations5.289.285.81(2.87)
Cash from investing(15.45)(11.78)(0.63)5.97
Cash from financing34.81(0.05)(0.58)(3.34)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2014-15
Income statement
Revenue11579.6676.0333.9711.3720.313.11
Revenue growth+44.8%+4.8%+123.8%+198.8%-44.0%--
EBITDA15.529.6910.941.410.481.280.31
EBITDA margin+13.5%+12.2%+14.4%+4.2%+4.2%+6.3%+10.0%
Profit before tax16.169.4510.691.030.230.68(0.02)
Net profit12.087.017.820.760.250.51(0.02)
Net profit margin+10.5%+8.8%+10.3%+2.2%+2.2%+2.5%-0.6%
EPS (₹)8.456.6664.436.171.994.020.71
Balance sheet
Total assets70.4823.4816.318.417.307.804.25
Net worth68.7221.7911.633.582.952.690.28
Total debt1.681.564.544.724.355.103.96
Cash & bank27.502.865.400.650.721.130.14
Net working capital41.388.5012.905.965.345.461.79
Cash flow
Cash from operations5.289.286.150.46(0.34)0.65-
Cash from investing(15.45)(11.78)(0.83)(0.60)(0.06)0.03-
Cash from financing34.81(0.05)(0.57)0.08(0.02)(0.68)-

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 27 Oct 2026
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Revenue11579.6690.3452.22
Revenue growth+44.8%-11.8%+73.0%-
Other income1.660.391.810.89
Total expenses99.8369.9778.8650.91
Employee cost2.761.762.002.10
EBITDA15.529.6911.481.31
EBITDA margin+13.5%+12.2%+12.7%+2.5%
Depreciation0.680.310.270.37
Interest0.340.320.390.31
Profit before tax16.169.4512.631.52
Tax4.082.442.730.63
Net profit12.087.019.201.41
Net profit margin+10.5%+8.8%+10.2%+2.7%
EPS (₹)8.456.6679.247.14
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Equity & liabilities
Share capital14.2910.521.251.25
Reserves & surplus54.4311.2719.789.89
Shareholders' funds (net worth)68.7221.7921.0311.14
Minority interest0.000.000.000.00
Secured loans1.221.223.993.80
Unsecured loans0.460.340.580.95
Total debt1.681.564.574.75
Total liabilities70.4823.4825.7416.00
Assets
Gross block16.676.097.175.99
Net block13.984.082.202.66
Capital work in progress6.618.611.530.29
Investments0.120.120.110.11
Inventories10.924.014.814.05
Sundry debtors9.808.985.451.97
Cash & bank balances27.502.866.301.70
Loans & advances15.844.1127.9240.17
Total current assets64.0619.9644.4847.89
Total current liabilities22.6811.4623.3835.64
Net working capital41.388.5021.1012.25
Total assets70.4823.4825.7416.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Opening cash2.865.401.701.94
Net cash from operating activities5.289.285.81(2.87)
Net cash from investing activities(15.45)(11.78)(0.63)5.97
Net cash from financing activities34.81(0.05)(0.58)(3.34)
Net change in cash24.64(2.55)4.60(0.24)
Closing cash27.502.866.301.70
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Growth
Sales growth+44.8%-11.8%+73.0%-
EBITDA growth+60.2%-15.6%+776.3%-
PBT growth+71.0%-25.2%+730.9%+9997.0%
Net income growth+72.3%-23.8%+552.5%-
Revenue CAGR (3Y)+30.2%---
EBITDA CAGR (3Y)+128.0%---
Profitability & leverage
Net income margin+10.5%+8.8%+11.0%+1.7%
Return on capital employed+35.1%+39.7%+62.4%+17.0%
Return on net worth+26.7%+32.7%+61.6%+12.7%
Debt / equity0.040.140.290.43
Long-term debt / equity0.030.070.100.12
Interest cover2.293.413.4832.98
Efficiency & per share
Fixed asset turnover10.1412.0213.738.72
Inventory turnover15.4518.0620.3912.89
Debtors turnover12.2811.0424.3526.51
EPS (₹)8.456.6679.247.14
Dividend per share (₹)0.000.000.000.00
Book value per share (₹)48.1020.71168.2789.09
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2014-15
Revenue11579.6676.0333.9711.3720.313.11
Revenue growth+44.8%+4.8%+123.8%+198.8%-44.0%--
Other income1.660.390.370.080.260.040.18
Total expenses99.8369.9765.0932.5610.8919.032.80
Employee cost2.761.760.900.740.560.430.10
EBITDA15.529.6910.941.410.481.280.31
EBITDA margin+13.5%+12.2%+14.4%+4.2%+4.2%+6.3%+10.0%
Depreciation0.680.310.230.160.130.150.24
Interest0.340.320.390.300.380.490.27
Profit before tax16.169.4510.691.030.230.68(0.02)
Tax4.082.442.640.27(0.02)0.170.00
Net profit12.087.017.820.760.250.51(0.02)
Net profit margin+10.5%+8.8%+10.3%+2.2%+2.2%+2.5%-0.6%
EPS (₹)8.456.6664.436.171.994.020.71
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2014-15
Equity & liabilities
Share capital14.2910.521.251.251.251.250.15
Reserves & surplus54.4311.2710.382.331.701.440.13
Shareholders' funds (net worth)68.7221.7911.633.582.952.690.28
Secured loans1.221.223.993.801.873.052.15
Unsecured loans0.460.340.550.922.482.051.81
Total debt1.681.564.544.724.355.103.96
Total liabilities70.4823.4816.318.417.307.804.25
Assets
Gross block16.656.062.843.172.872.772.22
Net block13.984.071.041.431.291.321.82
Capital work in progress6.618.611.530.290.000.000.00
Investments0.120.120.110.110.110.110.63
Inventories10.924.014.443.812.523.542.52
Sundry debtors9.808.985.451.972.721.740.96
Cash & bank balances27.502.865.400.650.721.130.14
Loans & advances15.844.1120.9835.070.501.870.45
Total current assets64.0619.9636.2741.506.468.284.07
Total current liabilities22.6811.4623.3735.541.122.822.28
Net working capital41.388.5012.905.965.345.461.79
Total assets70.4823.4816.318.417.307.804.25
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2014-15
Opening cash2.865.400.650.721.131.13-
Net cash from operating activities5.289.286.150.46(0.34)0.65-
Net cash from investing activities(15.45)(11.78)(0.83)(0.60)(0.06)0.03-
Net cash from financing activities34.81(0.05)(0.57)0.08(0.02)(0.68)-
Net change in cash24.64(2.55)4.75(0.06)(0.42)0.00-
Closing cash27.502.865.400.650.721.13-
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2014-15
Growth
Sales growth+44.8%+4.8%+123.8%+198.8%-44.0%--
EBITDA growth+60.2%-11.4%+675.9%+193.8%-62.5%--
PBT growth+71.0%-11.6%+937.9%+347.8%-66.2%+9998.0%+66.7%
Net income growth+72.3%-10.4%+929.0%+204.0%-51.0%--
Revenue CAGR (3Y)+50.3%+91.4%+55.3%+121.9%+80.3%--
EBITDA CAGR (3Y)+122.5%+172.3%+104.5%+65.7%+58.7%--
Profitability & leverage
Net income margin+10.5%+8.8%+10.6%+2.2%+2.2%+2.5%-0.6%
Return on capital employed+35.1%+49.1%+89.6%+16.9%+8.1%+14.9%-
Return on net worth+26.7%+41.9%+105.9%+23.6%+8.9%+18.6%-
Debt / equity0.040.180.611.391.671.90-
Long-term debt / equity0.030.100.210.200.010.02-
Interest cover2.293.413.6424.00108.5743.36385.71
Efficiency & per share
Fixed asset turnover10.1617.9025.3011.254.037.33-
Inventory turnover15.4518.8518.4310.733.755.74-
Debtors turnover12.2811.0420.4914.495.1011.67-
EPS (₹)8.456.6664.436.171.994.020.71
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)48.1020.7193.0028.6423.6121.5618.55

Timeline of GRE Renew Enertech

3 dated milestones of GRE Renew Enertech across 27 years, from founding to its latest funding, stage changes and deals.

  1. Founded GRE Renew Enertech is founded.
  2. Funding First funding round of $389K.
  3. IPO Lists on the stock exchange (IPO).

Competitors of GRE Renew Enertech

GRE Renew Enertech has 3 listed competitors in our database, 1 of them funded. They include Svarochi, Mansaa Smartshine and elitedali.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Svarochi
svarochi.com2016Delhi, India$6M7
Manufactures smart home lighting products for modern, efficient living spaces.
Mansaa Smartshine
mansaa.io2015Gurugram, India
Sells high-quality LED lights and decorative products online for consumers.
elitedali
elitedali.com2015Pune, India17
Provides IoT-driven solutions for lighting and building management systems.
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Detailed competitors of GRE Renew Enertech

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Web traffic of GRE Renew Enertech

The website of GRE Renew Enertech (greindia.com) receives about 2.8K visits a month.

  • Monthly visits
    2.8K

    ▲ 79.8% vs previous month

Similar websites

Websites whose visitors overlap most with GRE Renew Enertech. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
Citizen solar
citizensolar.com
24%
6.3K#2,885,335View details
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Related news about Gre Renew Enertech

GRE Renew Enertech shares list at 9% discount to IPO price on BSE SME platform - The Economic Times
Economic Times • 9 months ago
Indo SMC IPO subscribed 103x, GRE Renew Enertech over 15x on final day; listing scheduled on January 21
Moneycontrol • 9 months ago
Indo SMC IPO sees 2 times subscription, GRE Renew Enertech offer over 2.5 times on day 2
Moneycontrol • 9 months ago
GRE Renew Enertech IPO Day 1: Issue fully subscribed on first day. Here's GMP, price band and other details | Stock Market News
mint • 9 months ago
GRE Renew Enertech IPO fully booked but Indo SMC issue subscribed 94% on day 1
Moneycontrol • 9 months ago
GRE Renew Enertech raises ₹3.25 crore in private placement, aims IPO launch in August this year
Livemint • 2 years ago
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Frequently Asked Questions about GRE Renew Enertech

GRE Renew Enertech was founded in 1999 and raised its 1st funding round 25 years after it was founded.

GRE Renew Enertech is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.

GRE Renew Enertech has 8 employees.

The primary company behind GRE Renew Enertech, Gre Renew Enertech Limited, reported revenue of ₹117 Cr for FY 2026, up 45% year on year.

GRE Renew Enertech was founded in 1999 and is located in Ahmedabad, India. Operations focus on the renewable energy and lighting sectors, where solar panels and indoor LED products are manufactured. Development and installation of advanced solar energy systems are handled, alongside energy-efficient LED lighting solutions. Products include LED panel lights, LED batten lights, T-8 LED tube lights, and LED bulbs, supporting solar energy applications across the region.

GRE Renew Enertech's top competitors include Svarochi, Mansaa Smartshine and elitedali.

GRE Renew Enertech offers Rooftop Solar, Ground Mounted Solar, and LED Lights.

Yes, GRE Renew Enertech is publicly traded on BSE under the ticker symbol GRERENEW.

GRE Renew Enertech has 3 investors. Key investors include Ankit Mittal, Chanakya Fund, and Persistent Growth Fund.

GRE Renew Enertech operates through Gre Renew Enertech Limited.

The legal entities of GRE Renew Enertech currently have 7 directors, including Kamleshkumar Dahyalal Patel, Kirtikumar Kantilal Suthar, Lokesh Laxmanbhai Dave and others.

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