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GH2 Solar Limited Unlisted Shares

Solar & Renewable Energy (Manufacturing/EPC) Indicative dealer quote Off-market transfer

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Current indicative price ₹284

Source: Unlisted Hub dealing desk Updated 26 Sep 2026, 2:20 am IST

Desk buy price₹258

Desk sell price₹284

Minimum lot1

ISIN: INE1FAE01019
CIN: U35105DL2013PLC249995

GH2 Solar Limited

₹258 Price per share

Minimum quantity59

Minimum investment₹15,000

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Filed financials

GH2 Solar Limited financials

₹ crore, from the company's filed statements · 4 years · FY 2021-22 to FY 2024-25

What the numbers show

In FY 2024-25, GH2 Solar Limited reported revenue (standalone) of ₹212.1 crore, up 227.5% from ₹64.8 crore in FY 2023-24.

Profit after tax was ₹20.1 crore, a net margin of 9.5%, up 480.1% on the previous year.

At the end of FY 2024-25, net worth stood at ₹4.3 crore against borrowings of ₹47.8 crore (debt to equity 11.14).

Revenue

₹212.1 cr

FY 2024-25 ▲ 227.5% increase on the previous year

Profit after tax

₹20.1 cr

FY 2024-25 ▲ 480.1% increase on the previous year

Net worth

₹4.3 cr

FY 2024-25

3-yr CAGR 17.3%

Operating cash flow

−₹20.2 cr

FY 2024-25

Revenue and profit after tax, ₹ crore Revenue Profit after tax

Key ratios · FY 2024-25

Return on equity: 467.8%
Debt to equity: 11.14
EBITDA margin: 13.4%
Net margin: 9.5%
EPS (basic): ₹46.78

GH2 Solar Limited, standalone figures in ₹ crore unless stated. The latest year shows the change on the previous year. "—" means not reported; "n.m." means not meaningful.
Fiscal year	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22
Revenue	212.1 ▲227.5% on FY 2023-24	64.8	61.7	17.3
EBITDA	28.4 ▲418.8% on FY 2023-24	5.5	1.7	1.0
EBITDA margin	13.4%	8.4%	2.7%	5.5%
Profit after tax	20.1 ▲480.1% on FY 2023-24	3.5	0.9	0.6
Net margin	9.5%	5.3%	1.5%	3.4%
EPS (₹)	46.78 ▲366.4% on FY 2023-24	10.03	244.74	153.95

GH2 Solar Limited, standalone figures in ₹ crore unless stated. The latest year shows the change on the previous year. "—" means not reported; "n.m." means not meaningful.
Fiscal year	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22
Net worth	4.3	704.0	358.8	2.7
Borrowings	47.8 ▲716.9% on FY 2023-24	5.9	3.7	1.6
Total assets	131.4 ▲150.2% on FY 2023-24	52.5	20.1	10.4
Debt to equity	11.14×	0.01×	0.01×	0.60×
Return on equity	467.8%	0.5%	0.3%	22.0%

GH2 Solar Limited, standalone figures in ₹ crore unless stated. The latest year shows the change on the previous year. "—" means not reported; "n.m." means not meaningful.
Fiscal year	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22
Operating cash flow	−20.2	1.3	−1.8	−0.0
Profit after tax	20.1 ▲480.1% on FY 2023-24	3.5	0.9	0.6
Cash flow to profit	−1.00×	0.38×	−1.90×	−0.06×

Revenue

₹578.2 cr

FY 2025-26

Profit after tax

₹46.6 cr

FY 2025-26

Net worth

₹153.6 cr

FY 2025-26

Operating cash flow

₹4.3 cr

FY 2025-26

Revenue and profit after tax, ₹ crore Revenue Profit after tax

Key ratios · FY 2025-26

Return on equity: 30.4%
Debt to equity: 0.66
EBITDA margin: 12.9%
Net margin: 8.1%
EPS (basic): ₹24.29

GH2 Solar Limited, consolidated figures in ₹ crore unless stated. The latest year shows the change on the previous year. "—" means not reported; "n.m." means not meaningful.
Fiscal year	FY 2025-26
Revenue	578.2
EBITDA	74.6
EBITDA margin	12.9%
Profit after tax	46.6
Net margin	8.1%
EPS (₹)	24.29

GH2 Solar Limited, consolidated figures in ₹ crore unless stated. The latest year shows the change on the previous year. "—" means not reported; "n.m." means not meaningful.
Fiscal year	FY 2025-26
Net worth	153.6
Borrowings	101.9
Total assets	316.1
Debt to equity	0.66×
Return on equity	30.4%

GH2 Solar Limited, consolidated figures in ₹ crore unless stated. The latest year shows the change on the previous year. "—" means not reported; "n.m." means not meaningful.
Fiscal year	FY 2025-26
Operating cash flow	4.3
Profit after tax	46.6
Cash flow to profit	0.09×

Filings & documents

The figures on this page are compiled from the company's filed financial statements. Our desk can share the underlying filings on request.

Figures are compiled from the companies' filed financial statements. They are historical, may be restated, and are not a forecast or recommendation. Check the company's annual report before relying on any figure.

GH2 Solar Limited: common questions

What was GH2 Solar Limited's revenue in FY 2024-25?

GH2 Solar Limited reported revenue of ₹212.1 crore in FY 2024-25 on a standalone basis, according to its filed financial statements.

Did GH2 Solar Limited make a profit in FY 2024-25?

Yes. GH2 Solar Limited reported a profit after tax of ₹20.1 crore in FY 2024-25 on a standalone basis.

What is GH2 Solar Limited's net worth?

GH2 Solar Limited's net worth (share capital plus reserves) was ₹4.3 crore at the end of FY 2024-25.

How much debt does GH2 Solar Limited have?

GH2 Solar Limited reported borrowings of ₹47.8 crore at the end of FY 2024-25.

How many years of financial data are available for GH2 Solar Limited?

This page shows 4 years of filed figures, from FY 2021-22 to FY 2024-25.

Risk disclosure: Unlisted securities are illiquid, are not traded on a recognised stock exchange and can lose value, including the whole of your capital. The prices shown are indicative dealer quotes for information only, not executable prices, an offer, or investment advice.