GK Energy has reported remarkable growth across all key financial metrics over the past two fiscal years:
FinTech BizNews Service
Mumbai, May 6, 2025: Pune-based engineering, procurement, and commissioning (EPC) player of solar-powered pump systems, GK Energy Limited has filed an addendum to DRHP with SEBI. The company is India’s largest pure-play EPC provider of solar-powered agricultural water pump systems by installations.
GK Energy has reported remarkable growth across all key financial metrics over the past two fiscal years:
• Revenue from operations surged 3.8x, rising from Rs285.03 crore in FY23 to Rs1,094.83 crore in FY25.
• Operating EBITDA witnessed an 11.6x jump from Rs17.18 crore in FY23 to Rs199.68 crore in FY25.
• Profit after tax (PAT) soared 13.2x from Rs10 crore in FY23 to Rs133.20 crore in FY25.
• Leveraging its asset-light business model, the Company has continued to deliver exceptional returns. Return on Equity (RoE) rose to 63.71% in Fiscal 2025 from 50.73% in Fiscal 2023, while Return on Capital Employed (RoCE) improved significantly to 55.65% in Fiscal 2025, up from 29.36% in Fiscal 2023. Originally filed on December 13, 2024, the DRHP outlines an IPO with a face value of Rs2 per equity share. The issue comprises a fresh issue of shares worth Rs 500 crore and offer for sale (OFS) of up to 84,00,000 equity shares by existing shareholders.
Of the net proceeds from the fresh issue, Rs422.46 crore will be allocated towards long-term working capital requirements and general corporate purposes. As of September 30, 2024, 1,342,327 solar-powered pump systems were approved under Component B of the PM-KUSUM Scheme, a key initiative of the Government of India. Of the 499,319 installations completed by empanelled providers, GK Energy fulfilled 42,778 units, accounting for 8.56% of the executed orders. The company’s order book for solar-powered pump systems stood at Rs714.28 crore as of March 31, 2025, underlining sustained demand and execution capability. IIFL Capital Services Limited and HDFC Bank Limited are acting as the book-running lead managers to the issue. Link Intime India Private Limited has been appointed as the registrar.
