---
title: "GRE Renew Enertech Ltd (544682) — Share Price, Financials & Analysis"
symbol: "544682"
company: "GRE Renew Enertech Ltd"
canonical: "https://tapetide.com/stocks/544682"
isin: "INE0U8P01015"
nse_symbol: "GRERENEWENERTECHLTD"
bse_code: "544682"
sector: "Construction"
industry: "Civil Construction"
market_cap_cr: 255.8
generated_at: "2026-09-13T18:48:17.432Z"
---

# GRE Renew Enertech Ltd (544682)

Canonical page: https://tapetide.com/stocks/544682

## Company

- **NSE Symbol:** GRERENEWENERTECHLTD
- **BSE Code:** 544682
- **ISIN:** INE0U8P01015
- **Sector:** Construction
- **Industry:** Civil Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2026-01-21
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** greindia.com

## About

GRE Renew Enertech Limited is engaged in the business of solar energy solutions and LED lighting products.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:48:25.475260Z.

- **Market Cap:** ₹255.8 Cr
- **Classification:** SME
- **P/E (reported):** 21.2
- **Book Value:** ₹48.1
- **Price to Book:** 3.72
- **Dividend Yield:** 0%
- **ROE:** 17.58%
- **ROCE:** 22.89%
- **Debt to Equity:** 0.03
- **Revenue (yearly):** ₹117 Cr
- **Net Income:** ₹12.1 Cr
- **EBITDA:** ₹17 Cr
- **52-Week High:** ₹194.15
- **52-Week Low:** ₹77.5
- **RSI (14):** 56.56

## Key Insights

### Strengths

- Company is almost debt free.
- Company has delivered good profit growth of 89.1% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 38.7%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -43.1% | -9.12% | 149.06% |
| ebitda margin growth | 15.41% | 0.76% | — |
| net income growth | 72.86% | 150% | 89% |
| revenue growth | 46.25% | 50% | 42% |
| roce | -45.03% | -59.32% | — |
| roe | -45.3% | 32.27% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Sales | 42 | 74 |
| Expenses | 37 | 64 |
| Operating Profit | 5 | 10 |
| OPM % | 11 | 13 |
| Other Income | 0 | 2 |
| Interest | 0 | 0 |
| Depreciation | 0 | 0 |
| Profit before tax | 5 | 11 |
| Tax % | 27 | 26 |
| Net Profit | 3 | 8 |
| EPS in Rs | 3.22 | 5.7 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Mar 2015 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2 | 3 | 20 | 11 | 34 | 76 | 80 | 115 |
| Expenses | 2 | 3 | 19 | 11 | 33 | 65 | 70 | 100 |
| Operating Profit | 0 | 0 | 1 | 0 | 1 | 11 | 10 | 16 |
| OPM % | 6 | 11 | 6 | 4.2 | 4.2 | 14 | 12 | 13 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 0 | 0 | 1 | 0 | 1 | 11 | 9 | 16 |
| Tax % | 0 | 0 | 25 | -9 | 26 | 25 | 26 | 25 |
| Net Profit | 0 | 0 | 0 | 0 | 1 | 8 | 7 | 12 |
| EPS in Rs | -4 | 0.67 | 4 | 2 | 6.16 | 64.4 | 6.65 | 8.45 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Mar 2015 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.15 | 0.15 | 1 | 1 | 1 | 1 | 11 | 14 |
| Reserves | 0 | 0 | 1 | 2 | 2 | 10 | 11 | 54 |
| Borrowings | 3 | 4 | 5 | 4 | 5 | 5 | 2 | 2 |
| Other Liabilities | 2 | 2 | 3 | 1 | 36 | 24 | 12 | 24 |
| Total Liabilities | 5 | 7 | 11 | 8 | 44 | 40 | 35 | 94 |
| Fixed Assets | 2 | 2 | 1 | 1 | 1 | 1 | 4 | 14 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 2 | 9 | 7 |
| Investments | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 2 | 4 | 9 | 7 | 42 | 37 | 22 | 74 |
| Total Assets | 5 | 7 | 11 | 8 | 44 | 40 | 35 | 94 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Mar 2015 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | — | 1 | 0 | 0 | 6 | 9 | 5 |
| Cash from Investing Activity | — | — | 0 | 0 | -1 | -1 | -12 | -15 |
| Cash from Financing Activity | — | — | -1 | 0 | 0 | -1 | 0 | 35 |
| Net Cash Flow | — | — | 0 | 0 | 0 | 5 | -3 | 25 |
| Free Cash Flow | — | — | 1 | 0 | 0 | 5 | -1 | -8 |
| CFO/OP | — | — | 64 | -58 | 51 | 81 | 118 | 54 |

### Ratios

| Item | Mar 2014 | Mar 2015 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 117 | 113 | 31 | 87 | 21 | 26 | 41 | 31 |
| Inventory Days | 404 | 407 | 84 | 101 | 46 | 28 | 24 | 51 |
| Days Payable | 344 | 281 | 60 | 38 | 11 | 4 | 23 | 43 |
| Cash Conversion Cycle | 176 | 239 | 55 | 150 | 56 | 50 | 42 | 38 |
| Working Capital Days | 113 | 194 | -13 | 9 | 20 | 24 | 24 | 42 |
| ROCE % | — | 7 | — | 8 | 17 | 88 | 49 | 35 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2024 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 95.06% | 95.06% | 69.99% | 69.99% | 69.99% |
| FIIs | 0% | 0% | 0.73% | 0.55% | 0.38% |
| DIIs | 0% | 0% | 13.32% | 10.74% | 8.79% |
| Government | 0% | 0% | 0% | 0% | 0% |
| Public | 3.38% | 0% | 13.59% | 10.37% | 12.03% |
| Others | 1.57% | 4.94% | 2.37% | 8.36% | 8.82% |
| No. of Shareholders | 32 | 41 | 731 | 337 | 267 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 10 / 5 / 4

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 172.63 | Buy |
| EMA (10) | 175.53 | Buy |
| SMA (20) | 172.7 | Buy |
| EMA (20) | 173.71 | Buy |
| SMA (50) | 169.74 | Buy |
| EMA (50) | 167.66 | Buy |
| SMA (100) | 152.55 | Buy |
| EMA (100) | 150.51 | Buy |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 60.79 | Neutral |
| MACD (12,26,9) | 2.04 | Buy |
| Stochastic (14,3,3) | 94.1 | Sell |
| ADX (14) | 10.44 | Neutral |
| Williams %R (14) | 0 | Sell |
| ATR (14) | 7.79 | High Volatility |
| ROC (12) | 10.78 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 72.84 | Sell |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-05 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=02f183e0-1759-4478-bf34-fba1945d0660.pdf) |
| 2026-09-04 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=85d41693-d1da-47a1-9756-775b224e90e4.pdf) |
| 2026-09-03 | [Intimation Of Annual General Meeting On Friday 25Th September 2026 At 04:30 P.M. At Hotel Shivalik Nugar Iskcon Circle Opp. Essar Petrol Pump Bypass Highway Mehsana - 384002 Gujarat India](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=20a4ac29-0511-4126-8d28-71fc8d9147c8.pdf) |
| 2026-09-03 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6bc7169c-4af6-4d70-895a-5c4a036eae29.pdf) |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a76869cd-0c2f-4952-b1b2-713279e0c436.pdf) |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a39e936c-6c54-4b34-9aa1-82f77a159cc8.pdf) |
| 2026-09-02 | [Board Meeting Outcome for Outcome Of Board Meeting Dated 2Nd September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1630bdc9-8d25-469e-9f7d-c23a2c7191dc.pdf) |
| 2026-08-31 | [Announcement under Regulation 30 (LODR)-Restructuring](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d796bdec-45ca-461a-8638-38741acb9350.pdf) |
| 2026-08-27 | [Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=29f8adde-9b1b-4d57-bd63-90cddfe4a91d.pdf) |
| 2026-08-18 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=de42d9bb-5e88-4a15-9136-497ec8434738.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-06-29 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b1df4168-c313-4555-be86-d9b036717532.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-23 | [Results : Audited (Standalone & Consolidated) Financial Results For The Half Year And Year Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6661ec78-1094-4c27-9250-f5f9ce932a2a.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 4 May - GRE Renew Enertech received ₹4.32 crore solar EPC orders from Apr 15-30, 2026. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 4 May - GRE Renew Enertech received ₹4.32 crore solar EPC orders from Apr 15-30, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5274374a-42d3-42e2-90a6-79f64494c82c.pdf) |
| 4 May - GRE Renew Enertech received ₹4.32 crore solar EPC orders from Apr 15-30, 2026. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 4 May - GRE Renew Enertech received ₹4.32 crore solar EPC orders from Apr 15-30, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/5274374a-42d3-42e2-90a6-79f64494c82c.pdf) |
| 31 December 2025 - OSFM E-Mobility Limited has informed regarding 'Acquisition of equity shares by the Promoter'. | [Updates 31 December 2025 - OSFM E-Mobility Limited has informed regarding 'Acquisition of equity shares by the Promoter'.](https://nsearchives.nseindia.com/corporate/SHREEOFSM_31122025123627_OSFM_Promoter_Acquisition.pdf) |
| 30 January 2026 - Corporate governance (Reg.27) not applicable for year ended 31 Dec 2025 due to SME listing. | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 30 January 2026 - Corporate governance (Reg.27) not applicable for year ended 31 Dec 2025 due to SME listing.](https://nsearchives.nseindia.com/corporate/SHREEOFSM_30012026184746_Reg_27_2__Signed.pdf) |
| 3 February 2026 - Jan 31, 2026: Clarifies missing segment note in Sep 30, 2025 H1 financials; re-submits complete results with auditor review. | [Reply to Clarification- Financial results 3 February 2026 - Jan 31, 2026: Clarifies missing segment note in Sep 30, 2025 H1 financials; re-submits complete results with auditor review.](https://nsearchives.nseindia.com/corporate/SHREEOFSM_31012026180455_Reply.pdf) |
| 26 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited HY/FY results for period ended Mar 31, 2026. | [Closure of Trading Window 26 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited HY/FY results for period ended Mar 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/828368df-635f-4370-b928-4704036cd9ad.pdf) |
| 26 Feb - Received ₹19.28 crore turnkey EPC orders on Feb 26, 2026; three domestic contracts, six-month execution. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 26 Feb - Received ₹19.28 crore turnkey EPC orders on Feb 26, 2026; three domestic contracts, six-month execution.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f98c60a0-3d5d-4454-a1b6-e68d0723fbb9.pdf) |
| 25 Mar - ₹12.95 crore EPC order from Ajita Sil-Chem to build 4.032MW DC/3.0MW AC solar plant; received 25 Mar 2026. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 25 Mar - ₹12.95 crore EPC order from Ajita Sil-Chem to build 4.032MW DC/3.0MW AC solar plant; received 25 Mar 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/767efe4f-8f00-40e3-9675-b830bd9b448b.pdf) |
| 21 Feb - Board approved transfer of 1.45MW WIP solar project from Mehsana Dairy for ₹4.06 crore; sale/EPC planned. | [Announcement under Regulation 30 (LODR)-Acquisition 21 Feb - Board approved transfer of 1.45MW WIP solar project from Mehsana Dairy for ₹4.06 crore; sale/EPC planned.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7fcd5ef7-1e56-4931-aab0-2b59306b98bf.pdf) |
| 21 Feb - Board appointed M/s. Vivek J. Vakharia & Associates as secretarial auditor for FY2025–26 to FY2029–30, subject to shareholder approval. | [Outcome Of Board Meeting: Appointment Of Secretarial Auditor 21 Feb - Board appointed M/s. Vivek J. Vakharia & Associates as secretarial auditor for FY2025–26 to FY2029–30, subject to shareholder approval.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ae52d307-4190-4264-8b23-8d2dbf724cca.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/SHREEOFSM_21112025165524_NSEIntimationofTranscript17112025.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/SHREEOSFM_12112024235818_InvestorPresentationH1FY25.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/SHREEOSFM_18112024152315_ConferenceCalLTranscript.pdf) |
| May 2024 | [Concall - May 2024](https://nsearchives.nseindia.com/corporate/SHREEOSFM_29052024155252_ShreeOSFMIPMAY2024.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://nsearchives.nseindia.com/corporate/SHREEOFSM_12062025141331_IntimationofTranscript05062025.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28731_SHREEOSFM_2024_2025_A_7411864_06092025121203.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26278_SHREEOSFM_2023_2024_01102024222610.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:48:17.432Z.