Past 10 year's financial track record analysis by Moneyworks4me indicates that GP Eco Solutions India Ltd is a average quality company.
The key valuation ratios of GP Eco Solutions India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of GP Eco Solutions India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 31.8% | 58.8% | 41.8% | 40.3% | - |
| Value Creation Index ⓘ | 1.3 | 3.2 | 2.0 | 1.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 46.5 | 83.5 | 101 | 136 | 136 |
| Sales YoY Gr. | - | 79.6% | 21.3% | 34.7% | - |
| Adj EPS ⓘ | 1.4 | 3.9 | 5.1 | 8.3 | 6 |
| YoY Gr. | - | 188.9% | 31.8% | 62.1% | - |
| BVPS (₹) ⓘ | 2.5 | 6.3 | 11.5 | 25.4 | 44.6 |
| Adj Net Profit ⓘ | 1 | 2.8 | 3.7 | 7 | 7 |
| Cash Flow from Ops. ⓘ | 3.8 | -6 | 2.4 | -6.1 | - |
| Debt/CF from Ops. ⓘ | 0.9 | -0.9 | 5.5 | -2.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 43.2% | 34.7% | ||||
| Adj EPS ⓘ | NA | NA | 83.4% | 62.1% | ||||
| BVPSⓘ | NA | NA | 117.6% | 121.9% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 54.5 | 88.8 | 57.8 | 47.3 | 17.1 |
| Op. Profit Mgn % ⓘ | 3.8 | 5.6 | 3.6 | 8.6 | NAN |
| Net Profit Mgn % ⓘ | 2.1 | 3.4 | 3.7 | 5.2 | 5.2 |
| Debt to Equity ⓘ | 2 | 1.1 | 1.6 | 0.7 | - |
| Working Cap Days ⓘ | 0 | 64 | 111 | 131 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 22 | 34 | 37 | 0 |
Sales growth is growing at healthy rate in last 3 years 43.16%
Net Profit is growing at healthy rate in last 3 years 83.42%
Debt to equity has declined versus last 3 years average to 0.67
Return on Equity has declined versus last 3 years average to 17.10%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 6 | 6.3 |
| TTM Sales (₹ Cr.) | 136 | 138 |
| BVPS (₹.) ⓘ | 44.6 | 45.8 |
| Reserves (₹ Cr.) ⓘ | 41 | 42 |
| P/BV ⓘ | 6.67 | 6.49 |
| PE ⓘ | 49.57 | 47.55 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 348 |
| Equity (₹ Cr.) | 11.7 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 69 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 46 | 83 | 101 | 136 |
| Operating Expenses ⓘ | 45 | 79 | 98 | 125 |
| Manufacturing Costs | 2 | 3 | 2 | 2 |
| Material Costs | 39 | 70 | 93 | 116 |
| Employee Cost | 1 | 1 | 0 | 1 |
| Other Costs ⓘ | 2 | 5 | 3 | 6 |
| Operating Profit ⓘ | 2 | 5 | 4 | 12 |
| Operating Profit Margin (%) | 3.8% | 5.5% | 3.6% | 8.6% |
| Other Income ⓘ | 0 | 0 | 3 | 0 |
| Interest ⓘ | 0 | 1 | 1 | 2 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1 | 4 | 5 | 10 |
| Tax ⓘ | 0 | 1 | 1 | 3 |
| Profit After Tax | 1 | 3 | 4 | 7 |
| PAT Margin (%) | 2.1% | 3.3% | 3.7% | 5.2% |
| Adjusted EPS (₹) | 1.4 | 3.9 | 5.1 | 8.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 2 | 5 | 8 | 21 | ||||||
| Share Capital ⓘ | 0 | 0 | 0 | 8 | ||||||
| Reserves ⓘ | 2 | 4 | 8 | 13 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 3 | 5 | 13 | 14 | ||||||
| Long Term Debt | 1 | 1 | 1 | 2 | ||||||
| Short Term Debt | 2 | 4 | 12 | 11 | ||||||
| Trade Payables | 6 | 4 | 19 | 16 | ||||||
| Others Liabilities ⓘ | 3 | 5 | 7 | 7 | ||||||
| Total Liabilities ⓘ | 14 | 19 | 47 | 58 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 2 | 3 | 3 | 4 | ||||||
| Accumulated Depreciation | 0 | 1 | 1 | 1 | ||||||
| Net Fixed Assetsⓘ | 2 | 2 | 2 | 3 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 1 | ||||||
| Inventories | 2 | 4 | 13 | 14 | ||||||
| Trade Receivables | 4 | 10 | 14 | 26 | ||||||
| Cash Equivalents | 1 | 0 | 0 | 0 | ||||||
| Others Assetsⓘ | 6 | 3 | 18 | 13 | ||||||
| Total Assets ⓘ | 14 | 19 | 47 | 58 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 4 | -6 | 2 | -6 |
| PBT ⓘ | 1 | 4 | 5 | 10 |
| Adjustment ⓘ | 0 | 0 | 0 | 0 |
| Changes in Working Capital ⓘ | 3 | -9 | -2 | -13 |
| Tax Paid ⓘ | 0 | -1 | -1 | -2 |
| Cash Flow From Investing Activity ⓘ | -6 | 4 | -2 | -1 |
| Capex | -1 | -1 | -1 | -1 |
| Net Investments | 0 | 0 | 0 | -1 |
| Others ⓘ | -5 | 5 | -2 | 1 |
| Cash Flow From Financing Activityⓘ | 3 | 2 | 0 | 8 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 6 |
| Net Proceeds from Borrowing ⓘ | 1 | 0 | 0 | 1 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 2 | 2 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 54.52 | 87.6 | 57.79 | 47.33 | ||||||
| ROCE (%) | 31.81 | 58.84 | 41.77 | 40.3 | ||||||
| Asset Turnover Ratio | 3.25 | 5 | 3.06 | 2.6 | ||||||
| PAT to CFO Conversion(x) | 4 | -2 | 0.5 | -0.86 | Working Capital Days | |||||
| Receivable Days | 30 | 30 | 43 | 54 | ||||||
| Inventory Days | 19 | 15 | 31 | 35 | ||||||
| Payable Days | 54 | 26 | 46 | 55 | ||||||
GP Eco Solutions India Limited was originally incorporated on July 30, 2010 as a Private Limited Company as ‘GP Eco Solutions India Private Limited’ under the provisions of the Companies Act, 1956 with the Registrar of Companies, Kanpur. Subsequently, pursuant to a special resolution passed by the Shareholders at their Extra ordinary General Meeting held on October 25, 2023, the company was converted from a Private Limited Company to Public Limited Company and consequently, the name of the Company was changed to ‘GP Eco Solutions India Limited’ and a Fresh Certificate of Incorporation consequent to Conversion was issued on November 17, 2023 by the Registrar of Companies, Kanpur.
GP Eco Solutions India is involved in the distribution of a wide range of solar inverters and solar panels. The company is an authorized distributor of Sungrow India or ‘Sungrow’ for Solar Inverters in North India, and it is also authorized distributors for Saatvik Green Energy or ‘Saatvik’ and LONGi Solar Technology for solar panels in North India. Additionally, it serves as an integrated solar energy solutions provider, delivering comprehensive engineering, procurement, and construction (EPC) services to its commercial and residential customers, however the contribution of this segment is comparatively less as compared to business of distribution of solar inverters and solar panels.
The company also has its own brand called ‘Invergy’. Under the Invergy brand, it sells hybrid solar inverters and Lithium Ferro phosphate (LFP) batteries. Invergy deals in OEM manufacturing for hybrid and LFP products. Invergy has its own quality and reliable protocol for contract manufacturing of these products. Invergy manages its own supply chain stream to provide easy and comfortable transitions.
Invergy buys, make the contract manufacturing, and then sell to the end customers. Invergy has its own quality and reliable protocol for contract manufacturing of these products. Invergy takes an active role in overseeing and controlling the various stages involved in the supply chain. The manufacturing contractor encompasses all the processes from the acquisition of raw materials to the delivery of the final products to Invergy and Invergy thereafter sell to the customers. The goal is to create a seamless and comfortable experience, ensuring that products move from manufacturing to the hands of customers without disruptions or delays.
Business area of the company
The company is primarily engaged in the business of manufacturing of solar plant and trading of electrical goods and solar plant and its ancillary products.
Products of the company
History and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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