Office Address
C-71, Fateh NagaR, Tilak Nagar, New Delhi, 110018
Phone Number
+91 78279 69241
Email Address
info@prestake.in
C-71, Fateh NagaR, Tilak Nagar, New Delhi, 110018
+91 78279 69241
info@prestake.in
GH2 Solar Limited is an Indian renewable energy company headquartered in Noida, Uttar Pradesh. Established in 1995 and becoming a public limited entity in 2013, the company operates across solar energy, green hydrogen, electrolyzer manufacturing and renewable energy solutions.
GH2 Solar Limited focuses on supporting India's clean energy transition through solar Engineering, Procurement and Construction (EPC), open-access power solutions, green hydrogen production and advanced electrolyzer technologies.
The company aims to capitalize on the growing demand for renewable energy and green hydrogen in India, aligning its business strategy with the country's long-term clean energy and net-zero objectives.
Led by Anurag Jain, Founder and CEO, GH2 Solar has commissioned a green hydrogen demonstration plant and secured an electrolyzer manufacturing tender from the Solar Energy Corporation of India (SECI), strengthening its position in the emerging green hydrogen sector.
GH2 Solar Limited operates through three major business segments:
The company provides turnkey solar EPC solutions for commercial and industrial customers. Its services cover solar project development, engineering, procurement, installation and commissioning.
It also offers open-access renewable power solutions that enable businesses to source solar energy and manage their electricity costs.
Green hydrogen is a key growth area for GH2 Solar Limited. The company is involved in green hydrogen production, electrolyzer manufacturing and hydrogen mobility applications.
Its initiatives include:
Green hydrogen production and demonstration projects.
Electrolyzer manufacturing and technology development.
Hydrogen-based mobility solutions.
Participation in India's expanding green hydrogen ecosystem.
GH2 Solar provides customized operations and maintenance services to support the performance and efficiency of renewable energy installations.
Its service offerings include:
Solar plant installation and maintenance.
Renewable energy project management.
Customized power purchase agreements (PPAs).
Open-access energy solutions.
Flexible financing and project execution models.
GH2 Solar Limited has reported significant growth in revenue and profitability between FY2022 and FY2025, supported by the expansion of its solar and renewable energy businesses.
The following financial highlights are based on the figures provided, with amounts expressed in ₹ lakhs unless otherwise specified.
| Financial Particulars | FY2022 | FY2025 |
|---|---|---|
| Revenue | 1,731 | 21,209 |
| Gross Profit Margin | Not Provided | 17.48% |
| EBITDA | 95 | 2,838 |
| Operating Profit Margin (OPM) | 5.49% | 13.38% |
| PAT | 58.5 | 2,007 |
| Net Profit Margin (NPM) | Not Provided | 9.46% |
| EPS | Not Provided | ₹46.78 |
| EBIT Margin | Not Provided | 13.24% |
Revenue Growth: Revenue increased from ₹1,731 lakh in FY2022 to ₹21,209 lakh in FY2025, indicating substantial business expansion.
Improved Gross Margins: Gross profit margin reached 17.48% in FY2025, reflecting improved project economics and cost management.
EBITDA Growth: EBITDA increased from ₹95 lakh in FY2022 to ₹2,838 lakh in FY2025, demonstrating stronger operating performance.
Operating Profit Margin: OPM improved from 5.49% to 13.38%, indicating better operating efficiency and scalability.
Net Profit Growth: Profit After Tax (PAT) increased from ₹58.5 lakh in FY2022 to ₹2,007 lakh in FY2025.
Net Profit Margin: NPM reached 9.46% in FY2025, reflecting improved profitability.
Earnings Per Share: EPS stood at ₹46.78 in FY2025, despite equity dilution from recent share issuances.
Finance Costs and Depreciation: Finance costs and depreciation increased alongside business expansion, while EBIT margin strengthened to 13.24%.
GH2 Solar Limited operates in renewable energy segments that could benefit from India's increasing focus on clean electricity, green hydrogen and domestic manufacturing.
Key growth opportunities include:
Green Hydrogen Mission: India's focus on developing a domestic green hydrogen ecosystem could create opportunities for hydrogen production and electrolyzer manufacturers.
Solar Energy Expansion: Increasing demand for commercial and industrial solar installations may support the company's EPC business.
Electrolyzer Manufacturing: Participation in electrolyzer manufacturing initiatives could strengthen its position in the hydrogen technology value chain.
Open-Access Power: Growing interest among industrial and commercial consumers in renewable electricity could create additional business opportunities.
Hydrogen Mobility: Future adoption of hydrogen-powered transportation may provide opportunities for related infrastructure and technology solutions.
Before investing in GH2 Solar Limited unlisted shares, investors should evaluate the following risks:
Project Execution Risk: Renewable energy and hydrogen projects require timely execution and substantial capital investment.
Green Hydrogen Adoption: Commercial adoption of green hydrogen remains dependent on production costs, infrastructure and market demand.
Competition: The company operates in competitive solar EPC and renewable energy markets.
Working Capital Requirements: Large infrastructure projects may require significant working capital and financing.
Equity Dilution: Additional share issuances may affect existing shareholders' ownership and earnings per share.
Disclaimer: The company overview and financial figures presented above are based on the information provided and should be independently verified against audited financial statements and official company disclosures. Unlisted shares involve valuation, liquidity and investment risks. This content is for informational and educational purposes only and should not be considered investment advice.
| Share Name | Particulars | Fundamentals | Value |
|---|---|---|---|
| GH2 Solar Limited | ₹320 | Market Cap (in Cr.) | ₹623.49 Cr. |
| Share Price | Per Equity Share | P/E Ratio | 13.17 |
| Minimum Lot Size | Shares Worth ₹20,000 | P/B Ratio | 4.09 |
| Depository | NSDL & CDSL | Debt to Equity | 0.66 |
| PAN Number | AALCA4806G | ROE (%) | 30.36% |
| ISIN Number | INE1FAE01019 | Book Value | ₹78.31 |
| CIN | U35105DL2013PLC249995 | EPS | ₹24.29 |
| Face Value | ₹10 | ||
| Total Shares | 19,484,000 |
All figures in ₹ crore, except margins and EPS.
| Particulars | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue | 578.16 | 212.09 | 64.77 | 61.72 |
| Cost of Material Consumed | 487.30 | 175.01 | 49.68 | 57.43 |
| Gross Profit Margin | 15.72% | 17.48% | 23.30% | 6.95% |
| EBITDA | 74.62 | 28.38 | 5.47 | 1.68 |
| EBITDA Margin | 12.91% | 13.38% | 8.45% | 2.72% |
| EBIT | 73.71 | 28.08 | 5.39 | 1.56 |
| EBIT Margin | 12.75% | 13.24% | 8.32% | 2.53% |
| PBT | 63.17 | 28.32 | 4.99 | 1.29 |
| PAT | 46.64 | 20.07 | 3.46 | 0.93 |
| Net Profit Margin (NPM) | 8.07% | 9.46% | 5.34% | 1.51% |
| EPS | ₹24.29 | ₹46.78 | ₹10.03 | ₹244.74 |
All figures in ₹ crore.
| Particulars | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Cash from Operating Activities | 4.31 | -20.15 | 1.30 | -1.77 |
| Cash from Investing Activities | -102.01 | -43.94 | -2.48 | -0.11 |
| Cash from Financing Activities | 93.14 | 70.22 | 3.94 | 1.84 |
| Net Cash Flow | -4.56 | 6.13 | 2.76 | -0.04 |
All figures in ₹ crore.
| Particulars | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Fixed Assets | 30.23 | 3.30 | 0.24 | 0.26 |
| Capital Work in Progress (CWIP) | 32.99 | 0.46 | 0 | 0 |
| Investments | 0 | 4.51 | 0 | 0 |
| Trade Receivables | 112.36 | 55.42 | 40.50 | 11.65 |
| Inventory | 0 | 0 | 3.05 | 0 |
| Other Assets | 140.52 | 67.74 | 8.73 | 8.19 |
| Total Assets | 316.10 | 131.43 | 52.52 | 20.10 |
| Company | Market Cap (Cr.) | Revenue (Cr.) | P/E | P/B | ROE (%) |
|---|---|---|---|---|---|
| GH2 Solar Limited | 623.49 | 578.16 | 13.17 | 4.09 | 30% |
| Jupiter International | 17,291.83 | 556.00 | 140.61 | 32.72 | 24% |
| Sun Drops Energia Limited | 2,202.98 | 582.40 | 22.71 | 0 | 14% |
| Insolare Energy | 1,012.27 | 719.04 | 59.52 | 4.93 | 11% |
| Greenzo Energy | 801.83 | 36.64 | 583.84 | 9.17 | 3% |
| Solar 91 Cleantech | 766.78 | 82.19 | 134.56 | 26.33 | 38% |
| Name | Designation |
|---|---|
| Anurag Jain | CEO |
| Kapil Agrawal | CFO |
| Vepul Jain | Director |
GH2 Solar Limited is an Indian renewable energy company involved in solar power projects, engineering, procurement and construction (EPC), and emerging green hydrogen solutions. The company has also been developing green hydrogen electrolyser manufacturing capabilities. Investors researching GH2 Solar unlisted shares should review its financial performance, business developments and available disclosures before investing.
The GH2 Solar Limited unlisted share price refers to the indicative price at which its shares may be available in the unlisted market. Prices can vary with market demand, supply, available quantity and transaction terms. Contact PRESTAKE to enquire about the latest indicative GH2 Solar share price and availability, subject to verification.
You can contact PRESTAKE to enquire about purchasing GH2 Solar Limited unlisted shares. Before proceeding, confirm the indicative price, available quantity, applicable charges, documentation requirements and share-transfer process. Transactions are subject to availability, due diligence and applicable regulations.
Investing in GH2 Solar unlisted shares involves risks, including limited liquidity, valuation uncertainty, project execution challenges, financing requirements and changes in the renewable energy and green hydrogen sectors. There is no guarantee of returns, a future public listing or an exit opportunity. Investors should conduct independent research and assess their risk tolerance before investing.
