GK Energy

BSE: GKENERGY · Civil Construction

—
52W Range₹87 – ₹216

Snapshot

Unlock GK Energy's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

GK Energy Limited is an engineering, procurement, and construction (EPC) company specialising in solar-powered agricultural water pump systems. It operates primarily under Component B of the government's PM-KUSUM scheme.

Business Model

The company generates revenue by executing EPC contracts for solar pump installations, leveraging its empanelment with the Ministry of New and Renewable Energy (MNRE) across multiple Indian states.

  • Operational States:Maharashtra, Haryana, Rajasthan, Uttar Pradesh, Madhya Pradesh

Growth Outlook

Growth is driven by the continued implementation of the PM-KUSUM scheme, which targets the solarisation of agricultural pumps across India. The company's presence in states representing 82% of sanctioned pump volumes provides a significant addressable market.

  • Market Coverage:82% of total sanctioned pump volume under PM-KUSUM

Key Risks

  • Policy Dependency. The company's revenue is highly dependent on the continuation and funding of the government's PM-KUSUM scheme.
  • Regulatory Risk. Changes in MNRE empanelment criteria or state-level implementation policies could adversely impact business operations.
  • Execution Risk. Delays in project site clearances or supply chain disruptions for solar components may affect project timelines and profitability.

Start your research today

Unlock AI insights, financials, peers and live data on GK Energy and 5,000+ companies — free.

Start your research

Key Metrics

P/E

8.4×

Q2 FY27 · consolidated

8.4 vs 8.6x5Y avg

EV/EBITDA

6.6x

Q2 FY27 · consolidated

6.6 vs 5.9x5Y avg

NET PROFIT MARGIN

12.1%

Q2 FY27 · consolidated

+0.5 ppYoY

DEBT TO EQUITY

0.3x

Q2 FY27 · consolidated

-0.19xYoY

Peers · Civil Construction

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
GK EnergyGKENERGY
₹1,945 Cr8.4×6.59—18.2%26.0%37.6%-52.7%
Patel Engineering LimitedPATELENG
₹2,286 Cr7.7×3.67-1.4%16.5%7.0%10.4%-36.6%
Ramky Infrastructure LimitedRAMKY
₹2,125 Cr9.3×6.604.5%20.1%12.0%14.7%-50.0%
BGR Energy Systems LimitedBGRENERGY
₹2,034 Cr-1.6×-16.63-38.2%-173.4%55.9%-123.1%-37.0%
Simplex Infrastructures LimitedSIMPLEXINF
₹2,006 Cr44.0×36.644.6%9.2%6.2%2.8%-5.0%
GHV Infra Projects LimitedGHVINFRA
₹1,713 Cr30.9×16.64—14.7%27.8%51.5%-26.4%

As of Q2 FY27

Financials