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Is Ganesh Green Bharat the Best Stock in Its Sector? A Look at the Numbers

Ganesh Green Bharat CMP Rs 221 (21 Oct 2026). Market cap Rs 549 Cr. ROE 26.82%. P/E 7.30x versus Industry P/E 43.91x.


21 Oct 2026 • 9:25 am

Is Ganesh Green Bharat the Best Stock in Its Sector? A Look at the Numbers

Quick Answer

Ganesh Green Bharat is one of the names investors compare when screening the Solar Module Manufacturing 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 Ganesh Green Bharat the best stock in its sector? The stock trades on the NSE at Rs 221 as of 21 October 2026, within its 52-week range of Rs 202.05 to Rs 475.00. The sections below cover the business, the key ratios, a peer comparison and a closer look at valuation.

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About Ganesh Green Bharat

Ganesh Green Bharat Ltd makes solar PV modules and offers solar systems, electrical contracting and water supply scheme projects, and company information says it was incorporated in 2016. It is described as holding ISO 9001, ISO 14001 and BIS certifications, and as having completed about 27 projects worth roughly Rs 220 crore across about 14 states. At a market capitalisation of Rs 549 Cr, it is tracked as part of the Solar Module Manufacturing sector on Univest.

Is Ganesh Green Bharat the Best Stock in Its Sector?

Ganesh Green Bharat makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, backed by its return on equity. Ganesh Green Bharat's 7.30x P/E is below the 43.91x Industry P/E, Vikram Solar at 14.89x and Premier Energies at 24.70x, while its 26.82% ROE is lower than Premier Energies at 35.05%, though higher than Vikram Solar at 14.85%, and its debt to equity ratio of 0.19 is below Vikram Solar at 0.20 and Premier Energies at 0.86.

Metric Ganesh Green Bharat
CMP (NSE) Rs 221.20
52-Week High / Low Rs 475.00 / Rs 202.05
Market Cap Rs 549 Cr
P/E (TTM) vs Industry P/E 7.30x vs 43.91x
P/B 1.96
ROE 26.82%
EPS (TTM) Rs 30.32
Dividend Yield 0.00%
Debt to Equity 0.19

Compare Ganesh Green Bharat Against Other Solar Module Manufacturing Sector Stocks

How Ganesh Green Bharat Compares Against Its Solar Module Manufacturing Sector Peers

The table below sets Ganesh Green Bharat against 2 other Solar Module Manufacturing 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
Ganesh Green Bharat 549 7.30 26.82% 0.19
Vikram Solar 5,316 14.89 14.85% 0.20
Premier Energies 41,337 24.70 35.05% 0.86
Peer average (2 companies) - 19.80 24.95% 0.53

Measured against the peer averages, Ganesh Green Bharat's P/E is 63 percent below the 19.80x average, and its ROE is 1.87 percentage points above 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 Ganesh Green Bharat Worth Watching in Solar Module Manufacturing

  • Scale: At Rs 549 Cr, its market capitalisation is smaller than Vikram Solar (Rs 5,316 Cr) and Premier Energies (Rs 41,337 Cr), which is a useful reminder that the peers differ in size as well as in valuation.
  • Sector drivers: Demand for solar modules and the flow of electrical and water supply contracts decide its revenue, with government linked projects a likely source of work.
  • Key risk: The share price has fallen steeply over the past year even though the P/E looks low, which may point to doubts about earnings quality, and solar module makers face pricing pressure from larger, better funded competitors.

Ganesh Green Bharat Valuation: Is It Justified?

At a P/B ratio of 1.96, the market pays about Rs 1.96 for every rupee of book value, and the EPS (TTM) of Rs 30.32 is the earnings base behind the P/E. The stock trades about 53 percent below its 52-week high and about 9 percent above 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.

Also read – Is Oracle Financial Services Software the Best Stock in Its Sector? A Look at the Numbers

Download the Univest iOS App or Univest Android App to track Ganesh Green Bharat and other Solar Module Manufacturing sector stocks.

How to Track Ganesh Green Bharat Before You Invest

Before deciding whether Ganesh Green Bharat deserves its label as the best stock in its sector for your own portfolio, compare it directly against Solar Module Manufacturing sector peers using the steps below.

  1. Open the Univest Screener and search for Ganesh Green Bharat to view live price, valuation ratios, and peer comparisons within the Solar Module Manufacturing sector.
  2. Compare its P/E, P/B, and ROE against other Solar Module Manufacturing sector stocks before deciding if the current valuation fits your strategy.
  3. Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
  4. 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

Ganesh Green Bharat 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 Solar Module Manufacturing depends on how much weight you give each of them and on how the business executes from here. Because the stock trades below its sector benchmark, the open question is whether earnings growth will close that gap or whether the discount is deserved. 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 Ganesh Green Bharat 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. Ganesh Green Bharat has a 26.82% ROE and trades at 7.30x P/E against a 43.91x Industry P/E. Against the 2 peers compared in this article, its ROE is above the 24.95% peer average and its P/E is below the 19.80x peer average. Its debt to equity ratio of 0.19 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 Ganesh Green Bharat?

Ans. Ganesh Green Bharat was trading at Rs 221.20 on the NSE as of 21 October 2026, and its 52-week range runs from Rs 202.05 to Rs 475.00. That leaves the share price 53 percent short of the 52-week high and 9 percent clear of the 52-week low. Its market capitalisation is Rs 549 Cr and its EPS (TTM) is Rs 30.32, which is the earnings figure behind the 7.30x 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 Ganesh Green Bharat belong to?

Ans. Ganesh Green Bharat is classified under the Solar Module Manufacturing sector on Univest, and that group of listed companies is the reference point for the 43.91x Industry P/E used in this article. The 2 named peers compared here are Vikram Solar and Premier Energies, 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 Solar Module Manufacturing sector stocks on the Univest Screener, since no two companies in a sector have exactly the same business mix.

How does Ganesh Green Bharat compare to its sector peers on P/E?

Ans. Ganesh Green Bharat's P/E of 7.30x is below the 19.80x average of the 2 named peers, with Vikram Solar at 14.89x and Premier Energies at 24.70x. It also sits below the 43.91x Industry P/E, which is the benchmark for the wider Solar Module Manufacturing sector. A P/E that is below 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 1.96 gives one more view of how the market values its book value.

What is Ganesh Green Bharat's return on equity?

Ans. Ganesh Green Bharat reported a return on equity of 26.82%, which is above the 24.95% average of its named peers, with Vikram Solar at 14.85% and Premier Energies at 35.05%. 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 0.19 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 Ganesh Green Bharat based on its sector position?

Ans. Sector position is only one input into an investment decision. Ganesh Green Bharat has a 26.82% ROE and a 7.30x 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.

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