Gita Renewable

Which are the latest news on Gita Renewable?

Why is Gita Renewable Energy Ltd falling/rising?

As of 05-Sep, Gita Renewable Energy Ltd's stock price is rising to 71.89, reflecting a 7.76% increase. This short-term recovery is driven by strong relative performance and recent gains, despite significant declines over longer periods.

As of 05-Sep, Gita Renewable Energy Ltd's stock price is rising, currently at 71.89, reflecting a change of 5.18 (7.76%) upward. This increase can be attributed to several factors. Firstly, the stock has outperformed its sector by 7.74% today, indicating strong relative performance. Additionally, it has been gaining for the last two days, with an overall return of 8.17% during this period. The stock also reached an intraday high of Rs 72, which is a positive indicator of investor interest.<BR><BR>Despite these gains, it's important to note that the stock has experienced significant declines over longer periods, with a year-to-date drop of 20.16% and a one-year decline of 35.76%. However, the recent performance suggests a short-term recovery, as it has shown a positive return of 2.70% over the past week, while the benchmark Sensex has decreased by 0.97% during the same timeframe.<BR><BR>While the stock's moving averages indicate that it is currently higher than its 5-day moving average but lower than its 20-day, 50-day, 100-day, and 200-day moving averages, this could suggest a potential upward trend in the short term. However, falling investor participation, as evidenced by a 52.28% drop in delivery volume compared to the 5-day average, may pose challenges for sustained growth. Overall, the current rise in Gita Renewable Energy Ltd's stock price is primarily driven by recent positive performance metrics and relative strength against its sector.

Who are in the management team of Gita Renewable?

The management team of Gita Renewable consists of Natarajan R (Chairman & Managing Director), Saraswathi (Non Executive Director), Sankaran Sivasailapathi (Independent Director), S. Sekar (Independent Director), and M Sahoo (Company Secretary & Compliance Officer).

The management team of Gita Renewable includes the following members:<BR><BR>1. Natarajan R - Chairman & Managing Director<BR>2. Saraswathi - Non Executive Director<BR>3. Sankaran Sivasailapathi - Independent Director<BR>4. S. Sekar - Independent Director<BR>5. M Sahoo - Company Secretary & Compliance Officer<BR><BR>If you need more details about any specific member or their roles, feel free to ask!

What does Gita Renewable do?

Gita Renewable Energy Ltd is a micro-cap company in the power industry, formed in 2010, which acquired the Power Division of Kanishk Steel Industries in 2013. As of June 2026, it reported a net profit of 0 Cr and has a market cap of INR 30 Cr.

Overview:<BR>Gita Renewable Energy Ltd operates in the power industry and is categorized as a micro-cap company.<BR><BR>History:<BR>The company was incorporated in 2010 and underwent a significant change following a court order on January 4, 2013, which sanctioned a Scheme of Arrangement involving Kanishk Steel Industries Limited and Chennai Ferrous Industries Limited. This arrangement vested the Power Division of Kanishk Steel Industries Limited with Gita Renewable Energy as a going concern, effective February 28, 2013. The most recent quarterly results reported net profit for June 2026.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: 0 Cr (Quarterly Results - Jun 2026)<BR>Market-cap value: INR 30 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 2,044,622,874,549,384,704.00<BR>Industry P/E: 22<BR>Dividend Yield: 0.00%<BR>Debt-Equity: -0.01<BR>Return on Equity: 0.00%<BR>Price-to-Book: 2.20<BR><BR>Contact Details:<BR>Address: Survey No 180 & 181 OPG Nagar, Periya Obulapuram Village Gummidipoondi Tamil Nadu : 601201<BR>Phone: 91-44-43487350<BR>Email: investor@gitarenewable.com<BR>Website: http://www.gitarenewable.com

Who are the peers of the Gita Renewable?

Gita Renewable's peers include Globus Power, Energy Devl.Co., Waa Solar, Karma Energy Ltd, Advance Meter., SRM Energy Ltd, IND Renewable, Veer Energy, and KKV Agro Powers. Gita Renewable has a below-average capital structure and a 1-year return of -37.27%, while peers like SRM Energy Ltd show higher returns and varying management risks.

Peers: Gita Renewable's peers include Globus Power, Energy Devl.Co., Waa Solar, Karma Energy Ltd, Advance Meter., SRM Energy Ltd, IND Renewable, Veer Energy, and KKV Agro Powers.<BR><BR>Quality Snapshot: Below Average management risk is observed at Globus Power, Energy Devl.Co., Waa Solar, Karma Energy Ltd, Advance Meter., and Veer Energy, while Average management risk is found at KKV Agro Powers. Gita Renewable shows Good growth, alongside Karma Energy Ltd and KKV Agro Powers, while the rest exhibit Below Average growth. Capital Structure ratings are Below Average for Globus Power, Energy Devl.Co., Gita Renewable, Advance Meter., and Veer Energy, while Karma Energy Ltd and KKV Agro Powers have Good capital structure.<BR><BR>Return Snapshot: SRM Energy Ltd has the highest 1-year return at 129.74%, while Waa Solar has the lowest at -34.99%. Gita Renewable's 1-year return of -37.27% is lower than both. Additionally, peers with negative six-month returns include Globus Power, Karma Energy Ltd, Waa Solar, and Veer Energy.

How big is Gita Renewable?

As of 31st August, Gita Renewable Energy Ltd has a market capitalization of 30.00 Cr and reported Net Sales of 0.00 Cr with a Net Profit loss of 0.02 Cr in the latest four quarters. The balance sheet for March 2025 shows Shareholder's Funds of 13.12 Cr and Total Assets of 13.62 Cr.

As of 31st August, Gita Renewable Energy Ltd has a market capitalization of 30.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Gita Renewable reported Net Sales of 0.00 Cr and a Net Profit loss of 0.02 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, showing Shareholder's Funds of 13.12 Cr and Total Assets of 13.62 Cr.

When is the next results date for Gita Renewable Energy Ltd?

The next results date for Gita Renewable Energy Ltd is 29 May 2026.

The next results date for Gita Renewable Energy Ltd is scheduled for 29 May 2026.

How has been the historical performance of Gita Renewable?

Gita Renewable has faced significant financial challenges, with net sales declining from 0.24 Cr in Mar'22 to 0.06 Cr in Mar'25, and total operating income dropping from 8.87 Cr in Mar'23 to 0.06 Cr in Mar'25, resulting in negative operating profit and a decrease in total assets. Overall, the company has shown a downward trend in revenue and profitability over the past few years.

Answer:<BR>The historical performance of Gita Renewable shows significant fluctuations over the years, particularly in revenue and profitability.<BR><BR>Breakdown:<BR>Gita Renewable's net sales have declined from 0.24 Cr in Mar'22 to just 0.06 Cr in Mar'25, reflecting a downward trend. Other operating income peaked at 8.66 Cr in Mar'23 but has since dropped to zero in Mar'25. Consequently, total operating income fell sharply from 8.87 Cr in Mar'23 to 0.06 Cr in Mar'25. The company's total expenditure, excluding depreciation, also decreased from 1.01 Cr in Mar'23 to 0.56 Cr in Mar'25. Operating profit, which was 7.86 Cr in Mar'23, turned negative at -0.39 Cr by Mar'25. This negative trend continued into profit before tax, which went from 7.86 Cr in Mar'23 to -0.40 Cr in Mar'25, and profit after tax also dropped from 7.86 Cr to -0.39 Cr in the same period. The company's total assets decreased from 43.07 Cr in Mar'22 to 13.62 Cr in Mar'25, while total liabilities also fell from 43.07 Cr to 13.62 Cr during the same timeframe. Cash flow from operating activities was positive at 15.00 Cr in Mar'23 but dropped to zero in Mar'25, indicating a significant decline in operational efficiency. Overall, Gita Renewable has experienced a challenging financial trajectory with declining revenues and profitability over the past few years.

Who are the top shareholders of the Gita Renewable?

The top shareholders of Gita Renewable are Kanishk Steel Industries Limited with 19.0%, followed by Chennai Material Recycling And Trading Co Pvt Ltd at 8.44%, and individual investors who collectively own 18.73%. There are no mutual funds or foreign institutional investors holding shares in the company.

The top shareholders of Gita Renewable include Kanishk Steel Industries Limited, which holds the largest stake at 19.0%. Following that, the highest public shareholder is Chennai Material Recycling And Trading Co Pvt Ltd, with a holding of 8.44%. Additionally, individual investors collectively own 18.73% of the company. There are no mutual funds or foreign institutional investors currently holding shares in Gita Renewable.

Is Gita Renewable overvalued or undervalued?

As of May 24, 2023, Gita Renewable is considered overvalued with a valuation grade of risky, reflected by negative financial ratios and poor year-to-date performance, especially when compared to more favorably rated peers like NTPC and Tata Power.

As of 24 May 2023, the valuation grade for Gita Renewable has moved from very expensive to risky, indicating a significant shift in its perceived value. The company is currently assessed as overvalued based on its financial ratios, which include a PE ratio of -51.67, an EV to EBITDA ratio of -51.63, and a Price to Book Value of 3.80. These figures suggest that the company's earnings and cash flow metrics are not only negative but also indicate a high valuation relative to its book value.<BR><BR>In comparison to its peers, Gita Renewable's valuation appears unfavorable. For instance, NTPC, categorized as very attractive, has a PE ratio of 13.78 and an EV to EBITDA of 10.37, while Tata Power Co., rated as attractive, shows a PE ratio of 31.57 and an EV to EBITDA of 12.92. The stark contrast in these ratios highlights Gita Renewable's overvaluation in the context of its industry. Additionally, despite a strong 5-year return of 2245.13%, the company's year-to-date performance of -11.96% and underperformance relative to the Sensex over the same period further reinforce the notion that Gita Renewable is currently overvalued.

What is the technical trend for Gita Renewable?

As of May 12, 2025, Gita Renewable's technical trend is mildly bearish, with mixed signals from MACD and KST across different time frames, while daily moving averages reinforce a cautious outlook.

As of 12 May 2025, the technical trend for Gita Renewable has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD remains bearish, suggesting mixed signals across time frames. The daily moving averages are mildly bearish, reinforcing the overall cautious outlook. The Bollinger Bands on the monthly chart are bearish, and both the weekly and monthly KST show mildly bullish and mildly bearish trends, respectively. There are no clear signals from the RSI or Dow Theory, which indicate no trend in both weekly and monthly assessments. Overall, the current technical stance is mildly bearish, driven primarily by the daily moving averages and the mixed signals from MACD and KST.

Has Gita Renewable declared dividend?

No Dividend History Available