GKENERGY
GK Energy share price & financials
- Price
- ₹137.3
- Market cap
- ₹2.6k Cr
- Sector
- Construction
- Calls analysed
- 3
GK Energy Limited Q1 FY27
What went well
- Standalone revenue increased by 71.1% year-on-year to INR 505 crores, marking the highest ever quarterly revenue.
- EBITDA grew by 47.7% to INR 86.1 crores, with a healthy EBITDA margin of 17.05%.
- Profit after tax (PAT) increased by 61.6% to INR 59.7 crores.
What to watch
- Experienced slight margin compression in Q1, though management expects historical 19-20% EBITDA margin to be sustainable for FY27.
- Order book of INR 541 crores was perceived as relatively modest by an analyst compared to growth aspirations, though management expressed confidence in future inflows.
What GK Energy Limited does
GK Energy designs, procures and installs solar-powered agricultural water-pumping systems, solar rooftop systems, ground-mounted solar EPC and (emerging) battery energy storage/hybrid systems, mostly under government schemes such as PM-KUSUM and PM Surya Ghar Yojana. It runs an asset-light, technology-defined model: it controls sourcing of critical components (solar cells, modules, controllers, pump assemblies) and outsources assembly/manufacturing to a diversified network of OEM/ODM partners rather than owning factories. Execution is decentralized through regional warehouses, a field workforce and an owned logistics fleet for last-mile delivery to rural India, earning revenue from installation and project execution rather than product manufacturing.
Segments
- Solar Pumping Systems
- Solar Rooftops
- Ground Mounted Solar EPC
- BESS & Hybrid Energy
- Cumulative systems installed
- 140,000+
- Villages covered
- 7,500+
- Cumulative renewable capacity installed
- 617 MW
- Workforce
- 1,300+
- Owned logistics vehicles (last-mile delivery fleet)
- 40+
- Years of operating experience
- 18 years (since incorporation in 2008)
Guidance record · Q1 FY27
what the last two calls moved 17 tracked 2 delivered 3 missed 12 open- Receivables Days delivered said Q2 FY26 Promised: Normalized / very well under control by Q3 FY26 Q1 FY27: Promise relates to a past period (FY26) and remains achieved. No new information.
- Pumps installed in H2 FY26 missed said Q2 FY26 Promised: 50,000 +/- 5,000 pumps Q1 FY27: Promise relates to a past period (FY26) and remains missed. No new information.
- EBITDA Margin at risk said Q2 FY26 Promised: Remain same or improve positively Q1 FY27: Q1 FY27 EBITDA margin was 17.05%, a decline from 20.44% in FY26. While management reiterated a two-digit PAT margin target, this quarterly performance puts the 'no downside' promise for the full year at risk.
All 17 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 71.2%, net profit up 62.2% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 270 | 320 | 353 | 295 | 358 +33% | 460 +44% | 419 +19% | 505 +71% |
| EBITDA | 52 | 55 | 66 | 57 | 72 +38% | 92 +67% | 83 +26% | 83 +46% |
| Net profit | 34 | 37 | 45 | 37 | 46 +35% | 59 +59% | 59 +31% | 60 +62% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −23.8% 1Y
1Y: ₹167.74 on 26 Sept 2025 → ₹127.85. High ₹233.23 (23 Oct 2025), low ₹90.17 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- +5.2%
- 7 Aug
- Q4 FY26
- +3.0%
- 13 May
- Q2 FY26
- −0.5%
- 20 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 39.9% a year over 1 year, FY25 to FY26. Operating margin widened to 19.8%.
| Year ending | FY25 | FY26 |
|---|---|---|
| Revenue | ₹1.1k Cr | ₹1.5k Cr |
| Operating profit | ₹199 Cr | ₹304 Cr |
| Operating margin | 18.2% | 19.8% |
| Interest | ₹22 Cr | ₹40 Cr |
| Depreciation | ₹0 Cr | ₹4 Cr |
| Net profit | ₹133 Cr | ₹201 Cr |
| Net margin | 12.1% | 13.1% |
| Cash from operations | ₹-99 Cr | ₹53 Cr |
| Free cash flow | ₹-103 Cr | ₹-42 Cr |
| ROCE | 74.0% | 41.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity capital | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹41 Cr | ₹41 Cr |
| Reserves | ₹8 Cr | ₹19 Cr | ₹55 Cr | ₹740 Cr | ₹844 Cr |
| Borrowings | ₹24 Cr | ₹43 Cr | ₹62 Cr | ₹424 Cr | ₹203 Cr |
| Other liabilities | ₹36 Cr | ₹80 Cr | ₹96 Cr | ₹231 Cr | ₹212 Cr |
| Total liabilities | ₹70 Cr | ₹143 Cr | ₹214 Cr | ₹1.4k Cr | ₹1.3k Cr |
| Fixed assets | ₹6 Cr | ₹6 Cr | ₹11 Cr | ₹89 Cr | ₹106 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹5 Cr |
| Other assets | ₹64 Cr | ₹137 Cr | ₹203 Cr | ₹1.3k Cr | ₹1.2k Cr |
| Total assets | ₹70 Cr | ₹143 Cr | ₹214 Cr | ₹1.4k Cr | ₹1.3k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Sep 2025, the public added +1.84 pp while DIIs trimmed −1.48 pp. The shareholder count shrank 18% to 53,494.
- Promoters
- 79.2%
- FIIs
- 1.3%
- DIIs
- 7.2%
- Public
- 12.3%
Since Sep 2025
- Public +1.84 pp
- DIIs −1.48 pp
- FIIs −0.38 pp
How it drifted, 4 quarters
Over this window the public went from 10.5% to 12.3% — +1.8 pp.
Ownership split by quarter, oldest first. Sep '25: Promoters 79.2%, FIIs 1.7%, DIIs 8.6%, Public 10.5%.Dec '25: Promoters 79.2%, FIIs 1.0%, DIIs 8.0%, Public 11.8%.Mar '26: Promoters 79.2%, FIIs 0.8%, DIIs 8.3%, Public 11.7%.Jun '26: Promoters 79.2%, FIIs 1.3%, DIIs 7.2%, Public 12.3%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Rajendra Ramanlal Shah - 2 newly disclosed 0.00% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of GK Energy Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Gopal Rajaram Kabra | 76.17% | unchanged |
| Mehul Ajit Shah | 3.01% | unchanged |
| Vq Fastercap Fund Ii AIF | 1.88% | unchanged |
| HSBC Mutual Fund - HSBC Flexi Cap Fund Mutual fund | 1.76% | unchanged |
| 360 One Flexicap Fund Mutual fund | 1.39% | unchanged |
| Valuequest India G.I.F.T. Fund FPI fund | 1.13% | unchanged |
| Prachi Mehul Shah | 0.01% | unchanged |
| Ajit Babulal Shaha | 0.01% | unchanged |
| Gopal Kabra HUF | 0.00% | unchanged |
| Mehul Ajit Shah HUF | 0.00% | unchanged |
| Ashok Rathi HUF | 0.00% | unchanged |
| Beromt Private Limited | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (3)
Read the Q1 FY27 call →Learn to analyse GK Energy Limited
Guides on how to read this kind of business and the numbers that matter.