Is GRE Renew Enertech the Best Stock in Its Sector? A Look at the Numbers
- October 21, 2026
- Posted by: Kunal Singla
- Category: Market
GRE Renew Enertech CMP Rs 245 (21 Oct 2026). Market cap Rs 350 Cr. ROE 17.05%. P/E 28.99x versus Industry P/E 16.61x.
Quick Answer
GRE Renew Enertech is one of the names investors compare when screening the LED Lighting and Solar Solutions sector. Whether it is the best stock in its sector depends on whether an investor prioritises return ratios, valuation or balance sheet strength. This article sets it against two named peers and the sector benchmark so you can judge for yourself.
Is GRE Renew Enertech the best stock in its sector? The stock trades on the BSE at Rs 245 as of 21 October 2026, within its 52-week range of Rs 77.50 to Rs 278.55. The sections below cover the business, the key ratios, a peer comparison and a closer look at valuation.
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About GRE Renew Enertech
GRE Renew Enertech Ltd operates mainly in renewable energy and LED lighting, making LED lighting products, solar power systems and power products, and company information says the business began in 1999 as a partnership firm in Mehsana, Gujarat. It provides turnkey on-site solar projects to industrial and commercial customers under CAPEX and RESCO models. Under the CAPEX model it handles engineering, procurement, construction and operations for solar projects that customers finance. At a market capitalisation of Rs 350 Cr, it is tracked as part of the LED Lighting and Solar Solutions sector on Univest.
Is GRE Renew Enertech the Best Stock in Its Sector?
GRE Renew Enertech’s case in the sector rests on return quality rather than cheap valuation, since the stock trades at a premium to its Industry P/E. GRE Renew Enertech’s 28.99x P/E is above the 16.61x Industry P/E, Premier Energies at 24.70x and Vikram Solar at 14.89x, while its 17.05% ROE is lower than Premier Energies at 35.05%, though higher than Vikram Solar at 14.85%, and its debt to equity ratio of 0.02 is below Premier Energies at 0.86 and Vikram Solar at 0.20.
| Metric | GRE Renew Enertech |
|---|---|
| CMP (BSE) | Rs 245.00 |
| 52-Week High / Low | Rs 278.55 / Rs 77.50 |
| Market Cap | Rs 350 Cr |
| P/E (TTM) vs Industry P/E | 28.99x vs 16.61x |
| P/B | 5.09 |
| ROE | 17.05% |
| EPS (TTM) | Rs 8.45 |
| Dividend Yield | 0.00% |
| Debt to Equity | 0.02 |
Compare GRE Renew Enertech Against Other LED Lighting and Solar Solutions Sector Stocks
How GRE Renew Enertech Compares Against Its LED Lighting and Solar Solutions Sector Peers
The table below sets GRE Renew Enertech against 2 other LED Lighting and Solar Solutions sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| GRE Renew Enertech | 350 | 28.99 | 17.05% | 0.02 |
| Premier Energies | 41,337 | 24.70 | 35.05% | 0.86 |
| Vikram Solar | 5,316 | 14.89 | 14.85% | 0.20 |
| Peer average (2 companies) | – | 19.80 | 24.95% | 0.53 |
Measured against the peer averages, GRE Renew Enertech’s P/E is 46 percent above the 19.80x average, and its ROE is 7.90 percentage points below the 24.95% average. An average of just two companies is a rough guide, so treat the gap as a pointer for further research and not as a verdict.
What Makes GRE Renew Enertech Worth Watching in LED Lighting and Solar Solutions
- Scale: At Rs 350 Cr, its market capitalisation is smaller than Premier Energies (Rs 41,337 Cr) and Vikram Solar (Rs 5,316 Cr), which is a useful reminder that the peers differ in size as well as in valuation.
- Sector drivers: Industrial and commercial demand for on-site solar projects and LED products drives order inflow.
- Key risk: Project execution depends on timely approvals and component prices, and slower order inflow would test the valuation. Trading in the share is limited.
GRE Renew Enertech Valuation: Is It Justified?
At a P/B ratio of 5.09, the market pays about Rs 5.09 for every rupee of book value, and the EPS (TTM) of Rs 8.45 is the earnings base behind the P/E. The stock trades about 12 percent below its 52-week high and about 3.2 times its 52-week low. The company does not currently show a dividend yield, so returns for shareholders depend mainly on the share price. As with any single stock, investors should weigh these figures against their own valuation discipline and risk appetite rather than the sector label alone.
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Download the Univest iOS App or Univest Android App to track GRE Renew Enertech and other LED Lighting and Solar Solutions sector stocks.
How to Track GRE Renew Enertech Before You Invest
Before deciding whether GRE Renew Enertech deserves its label as the best stock in its sector for your own portfolio, compare it directly against LED Lighting and Solar Solutions sector peers using the steps below.
- Open the Univest Screener and search for GRE Renew Enertech to view live price, valuation ratios, and peer comparisons within the LED Lighting and Solar Solutions sector.
- Compare its P/E, P/B, and ROE against other LED Lighting and Solar Solutions sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
GRE Renew Enertech gives investors a clear set of numbers to work with, from returns and valuation to leverage and peer standing. Whether it earns the label of best stock in LED Lighting and Solar Solutions depends on how much weight you give each of them and on how the business executes from here. Because the stock trades above its sector benchmark, execution matters more than usual if the current valuation is to hold. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is GRE Renew Enertech the best stock in its sector?
Ans. There is no single definitive answer, because the best stock in a sector depends on whether an investor is prioritising returns, valuation or balance sheet strength. GRE Renew Enertech has a 17.05% ROE and trades at 28.99x P/E against a 16.61x Industry P/E. Against the 2 peers compared in this article, its ROE is below the 24.95% peer average and its P/E is above the 19.80x peer average. Its debt to equity ratio of 0.02 is below the 0.53 peer average, which matters because borrowing can inflate returns and add risk when business conditions weaken. These figures are best read together rather than in isolation, and they work as a starting point for your own research and not as a verdict.
What is the current share price of GRE Renew Enertech?
Ans. GRE Renew Enertech was trading at Rs 245.00 on the BSE as of 21 October 2026, and its 52-week range runs from Rs 77.50 to Rs 278.55. That leaves the share price 12 percent short of the 52-week high and 3.2 times the 52-week low. Its market capitalisation is Rs 350 Cr and its EPS (TTM) is Rs 8.45, which is the earnings figure behind the 28.99x P/E. Share prices change through the trading day, so check the live quote on Univest before acting on any number here.
What sector does GRE Renew Enertech belong to?
Ans. GRE Renew Enertech is classified under the LED Lighting and Solar Solutions sector on Univest, and that group of listed companies is the reference point for the 16.61x Industry P/E used in this article. The 2 named peers compared here are Premier Energies and Vikram Solar, chosen as comparable listed names so that the P/E, ROE and debt figures come from the same live data source. Investors who want a wider view can compare more LED Lighting and Solar Solutions sector stocks on the Univest Screener, since no two companies in a sector have exactly the same business mix.
How does GRE Renew Enertech compare to its sector peers on P/E?
Ans. GRE Renew Enertech’s P/E of 28.99x is above the 19.80x average of the 2 named peers, with Premier Energies at 24.70x and Vikram Solar at 14.89x. It also sits above the 16.61x Industry P/E, which is the benchmark for the wider LED Lighting and Solar Solutions sector. A P/E that is above a peer average can reflect a valuation discount or premium, but it can also reflect different growth or return expectations, so it should be read alongside ROE and debt. Its P/B ratio of 5.09 gives one more view of how the market values its book value.
What is GRE Renew Enertech’s return on equity?
Ans. GRE Renew Enertech reported a return on equity of 17.05%, which is below the 24.95% average of its named peers, with Premier Energies at 35.05% and Vikram Solar at 14.85%. ROE shows how much profit a company generates on every rupee of shareholders’ equity, so a higher figure generally points to more efficient use of capital. ROE is easier to trust when leverage is modest, and here the debt to equity ratio is 0.02 against a peer average of 0.53. It is worth checking whether the ROE has been stable over several years rather than relying on a single reading.
Should I invest in GRE Renew Enertech based on its sector position?
Ans. Sector position is only one input into an investment decision. GRE Renew Enertech has a 17.05% ROE and a 28.99x P/E, which make it worth researching further, and its dividend yield is 0.00%. You should also weigh its business outlook, earnings consistency, debt levels, your investment horizon and your own risk appetite before buying. Spreading money across several stocks and sectors reduces concentration risk, and this article is educational content, not investment advice. For personalised guidance, consult a SEBI-registered advisor.
