Ganesh Green Bharat Limited · NSE:GGBL
Ganesh Green Bharat — Investor Presentation (May 2026)
36 slides from Ganesh Green Bharat's investor presentation, May 29, 2026
Slide 1: KETANBHAI Digitally NARSINHBH NARSINHBHAI PATEL AI PATEL
KETANBHAI Digitally KETANBHAI signed by NARSINHBH NARSINHBHAI PATEL Date: 2026.05.28 AI PATEL 16:38:19 +05'30'
Slide 2: Innovative Solar Solutions for a Greener Tomorrow
Innovative Solar Solutions for a Greener Tomorrow
Slide 3: 1. Vision and Mission 2. Chairman And MD Message 3. Disclaimer
1. Vision and Mission 2. Chairman And MD Message 3. Disclaimer 4. Why Us? 5. Solutions Offered 6. Electrical Infrastructure Services 7. Advanced Manufacturing Technologies Capacity 1.1 GW 8. End to End EPC Services 9. End to End BESS - EPC Services 10. GGBL Module Brands 11. India Per Capita Electri
Slide 4: Vision and Mission
Our vision is crystal clear: we aspire to be the premier force driving the renewable energy sector's growth in the Asian subcontinent. We are committed to pioneering sustainable solutions that not only transform the energy landscape but also serve as a beacon of inspiration for others. Our mission i
Slide 5: Chairman and MD Message
Shri Ketan Patel, with over 25 years of corporate experience, currently serves as the Promoter & the Managing Director at Ganesh Green Bharat Limited. His journey from a submersible pump repairman to a visionary leader showcases his unwavering determination and commitment to family values and social
Slide 6: Disclaimer
DISCLAIMER This presentation has been prepared by Ganesh Green Bharat Limited solely for informational and discussion purposes. The information contained herein is based on current assumptions, estimates, market conditions, and management expectations, which are subject to change without prior notic
Slide 7: Why Us?
Fully Automated Solar PV Experienced EPC Team Proven Track Record and Healthy Order Book with Module Manufacturing Capable of Delivering Strong Credentials in Approximately ₹2212.91 Plant with a Current Diverse and Complex Delivering Solar, Electrical, Crores in Secured Projects Capacity of 1.1 GW a
Slide 8: Solutions Offered
Solar Ground Rooftop Solar Solar Street Solar Agricultural Mounted System System Lighting System Pumping System Overhead Installations of Electrical Underground Electric Water Supply EPC-BESS (Battery Transmission Lines Sub Stations Transmission Lines System Energy Storage System)
Slide 9: Electrical Infrastructure Services
Overview EPC Project Execution Comprehensive Voltage Range An overhead transmission line is a Undergrounding is an alternative to Our company is engaged in the Our company excels in constructing and commonly used mode of power overhead power transmission, offering low execution of EPC (supply, erect
Slide 10: Solar Module Manufacturing
Solar Module Manufacturing Fully automated production lines ensure high precision, consistent quality, and efficient large-scale manufacturing capabilities.
Slide 11: End to End EPC Services
End to End EPC Services Development Solar EPC Asset Management • Project Conceptualization • Optimized Designing • Cost Effective O&M Solutions • Land Identification • Quality Engineering • Dedicated Team • Acquisition & Clearances • Efficient Execution • Project Finance Modelling EPC Projects
Slide 12: End to End BESS - EPC Services
End to End BESS - EPC Services Strategically entering the Battery Energy Storage System (BESS) EPC sector to capitalize on the accelerating demand for grid-scale energy storage driven by India’s renewable energy transition. Our End-to-End EPC Scope Execution Strengths Value Proposition • Project Eng
Slide 13: GGBL Module Brands
G12 R 132 Half-Cut Cells 144 Half-Cut Cells Bifacial Module N-type Topcon Bifacial 156 Half-Cut Cells Bifacial N-type Topcon Bifacial Modules Technology: N-Type Topcon Bifacial Technology: N - TYPE Topcon - 16BB Technology: N - TYPE Topcon - 16BB Power Output: Up To 650 Wp Power Output: Up To 600 Wp
Slide 14: India Per Capita Electricity Consumption
Global per capita electricity consumption p.a. (MWh) India per capita electricity p.a. consumption 2024 15.5 3 12.7 12 8.3 8.3 7 7.1 1.6 5.9 1.4 3.6 1.1 1.4 INDIA BRAZIL GERMANY FRANCE CHINA RUSSIA JAPAN SOUTH UNITED CANADA KOREA STATES FY17 FY24 FY29E FY50E India per capita electricity consumption
Slide 15: Rising Electricity Demand Across India
Rising Electricity Demand Across India Thermal Nuclear Solar Wind Other RE 76 72 64 69 58 66 63 53 49 198 46 160 102 127 82 16 8 8 11 8 243 248 256 263 269 FY24 FY25 FY26F FY27F FY28F
Slide 16: Indian Solar Module Demand
Growth Drivers for India Solar Module Demand Indian Solar Module Demand (GW) Government Incentives PLI scheme for module manufacturing 46 47 45 Non-Trade Barriers 40 37 ALMM and DCR for domestic manufacturing 32 Industry Practices Standard industry practice to pair inverters with DC 21 module capaci
Slide 17: Strong Policy Tailwinds for Solar Sector
Solar Parks Schemes • Targets 40 GW by March 2026 • Till date, 53 Solar Parks with a combined capacity of approximately 39.3 GW have been approved across PM Kusum Scheme 13 states PM Surya Ghar Muft Bijli Yojana PM Kusum Scheme • Aims to increase • Capacity increase of 34.8 solar capacity by 30 GW b
Slide 18: Stringent Quality Standards
Adherence to Standards: Comprehensive Module Sustainability Assurance: Testing: • Complies with the • Thorough evaluations • Testing sustainability latest IEC 2021 of solar PV modules protocols of solar PV standards • Parameters tested: modules for at least 30 • Exceeding the previous Extreme temper
Slide 19: Board of Directors
SHRI KETAN PATEL Chairman & Managing Director Shri Ketan Patel, with over 25 years of corporate experience, currently serves as the Promoter & the Managing Director at Ganesh Green Bharat Limited. His journey from a submersible pump repairman to a visionary leader showcases his unwavering determinat
Slide 20: Our Leadership
Our Leadership Gganesh® f MR. KRUNAL SHAH MS. PALAK JOSHI CHIEF FINANCIAL OFFICER COMPANY SECRETARY MR. SUBRATA DEY MR. SOHIL BARAD MR. TUSHAR JAISWAL MR. BIRENDRA ROUT MR. MRUGESH PATEL ‘MR. MITUL PATEL GENERAL MANAGER - OPERATIONS [AVP- SALES & MARKETING (GM- HUMAN RESOURCES DEPUTY GENERAL MANAGER
Slide 21: Our Prestigious Clients
Our Prestigious Clients Gganesh@® Green Bharat Limited Solar & Solar Allied Service 2 » 4 = ZETWERK k*rloskar Ulaefats MAXIMIZE MANUFACTURING Solar — IndianOil POWERGRID 7% UPNED: fier FOR
Slide 22: Our Prestigious Clients
Our Prestigious Clients Gganesh@® Overhead Underground Electric Water Suppl P aa . ar . pply ET Sub-Station Transmission Lines Transmission Lines
Slide 23: GGBL Reliability Test
SR. NO. RELIABILITY TEST TEST APPLIED ON TEST STANDARDS EQUIPMENT NAME 1 THERMAL CYCLING TEST (TC) MODULE IEC 61215 TC & HF CHAMBER 2 HUMIDITY FREEZE TEST (HF) MODULE IEC 61215 TC & HF CHAMBER 3 DAMP HEAT TEST (DH) MODULE IEC 61215 DH & PID CHAMBER 4 STATIC MECHANICAL LOAD TEST MODULE IEC 61215 MECH
Slide 24: Certification
MNRE’s Approved List of Models and Manufacturers •ISO 9001-2015 :Quality Management System •ISO 14001-2015 :Environmental Management System BIS Certified •ISO 45001-2018 :Occupational Health & Safety Management •IS/IEC 61730-1 :Safety requirements for photovoltaic (PV) modules •IS/IEC 61730-2 :Testi
Slide 25: Latest R&D Lab Set-up
Our Motto is to Provide the Best in Class Solar PV Modules in the Industry with Utmost Quality and Better Reliability for contributing the Green Energy Revolution. To Accommodate this we implemented the R&D Lab equipped with in-house R&D Test Setup for Raw Materials qualification, Reliability of the
Slide 26: Orderbook Update
Sr. No. Name of the product Unexecuted (In Cr.) 1 Solar Module 470.24 2 Solar Allied Service 207.69 3 Electrical Service 11.20 4 Water Supply Service 13.78 5 BESS Project 1510 Total 2212.91 Note: Solar Allied Service Included Solar Water Pumping, Solar Rooftop, Solar Power Plant, Solar Street Light
Slide 27: Our Presence
❖Gujarat (Registered & Head Office, Module manufacturing plant) ❖Maharashtra ❖Rajasthan ❖Uttar Pradesh ❖Madhya Pradesh ❖Jharkhand ❖Chhattisgarh ❖Bihar ❖Punjab ❖Himachal Pradesh ❖Karnataka
Slide 28: Financial Performance
Financial Performance
Slide 29: Revenue, EBITDA and PAT
Revenue from Operations (In Cr.) EBITDA (Rs Mn) & EBTIDA Margin (%) PAT (Rs Mn) & PAT Margin (%) 113.58 1064.26 75.18 51.06 34.6 30.43 15% 20% 15.90% 19.9 10.64% 12% 321.76 13.7 9% 9.51% 7.06% 8.2 170.2 FY23 FY24 FY25 FY26 90.2 FY23 FY24 FY25 FY26 EBIDTA EBIDTA Margin FY23 FY24 FY25 FY26 PAT PAT Mar
Slide 30: Revenue, EBITDA and PAT (In Lakhs)
Revenue (In Lakhs) EBITDA (In Lakhs) PAT (In Lakhs) 113.58 75.18 1064.27 51.16 30.22 317.52 FY25 FY26 FY25 FY26 FY25 FY26 PAT Margin (%) EPS (In Lakhs) 9.52 30.31 7.06 13.14 FY25 FY26 FY25 FY26
Slide 31: Profit and Loss Summary
Particulars (In Cr) FY22 FY23 FY24 FY25 FY26 Sales 105.54 90.2 170.17 318.01 1064.26 Expenses 96.28 76.25 134.85 270.6 969.34 Operating Profit 9.26 13.95 35.32 47.41 113.58 Operating Margins 8.77% 15.47% 20.76% 14.91% 10.67% Other Income 0.58 0.4 1.79 3.75 3.33 Depreciation 0.52 0.77 3.37 5.35 9.51
Slide 32: Consolidated Audited Financial Results FY2026
Consolidated Statement of Audited Financial Results for the year ended 31st March, 2026 (In Lacs) 31-Mar-26 30-Sep-25 31-Mar-26 31-Mar-25 S. No Particulars HoH YoY (Audited) (Un-Audited) (Audited) (Audited) Income from Operations 1 (a) Net Sales 72,316.63 34,110.19 112.01% 1,06,426.83 31,752.00 235%
Slide 33: Balance Sheet Summary
Particulars (In Cr) FY22 FY23 FY24 FY25 FY26 Equity Share Capital 1.2 1.2 18.21 24.8 24.8 Reserves 25.87 34.03 39.07 180.32 255.51 Borrowings 22.47 27.39 53.71 47.57 52.36 Other Liabilities 38.81 25.24 39.31 86.19 155.25 Total 88.35 87.86 150.3 338.88 487.90 Net Block 1.62 1.81 20.81 48.49 54.40 Cap
Slide 34: Share Price and Shareholding Pattern
As on 27th May, 2026 NSE SME CODE : GGBL Shareholding Pattern Share Price (₹) 349.55 Market Capitalization (₹ Cr) 855.76 26.58% Promoter & No. of Shares 2,48,01,000 Promoter Group 73.42% Public Face Value (₹) 10 52 Weeks High-Low (₹) 215
Slide 35: Events & Exhibitions
Events & Exhibitions GREEN ENERGY INDIA RENEWABLE ENERGY INDIA EXPO - 2025 VIJAYAWADA EXPO - 2025 NOIDA INTER SOLAR AFRICA - 2026 INTER SOLAR BHARAT ELECTRICITY GANDHINAGAR - 2026 SUMMIT - 2026 DELHI Gganesh® DEALERS MEET - RAJKOT 2026 Ganesh Green Solar Alliance 2026 Saurashtra Region
Slide 36: Contact Us
▶ www.ganeshgreen.com ▶ sales@ganeshgreen.com ▶ +91 951 951 8 951 ▶ Head Office: G-201 & F-202, S.G. Business Hub, Near Gota Flyover, S.G. Highway, Gota, Ahmedabad 382470, Gujarat, India ▶ Factory Office: Survey no. 319, Dhanali Village Road, Nandasan, Ahmedabad Mehsana Highway, Dhanali, Mehsana – 3
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