Greenzo Energy Unlisted Shares

BUY

₹540.00

SELL

₹615.00

As on May 24, 2025 Greenzo share price is ₹540.00 per share. The 52-week high for Greenzo stock price is ₹690.00, while the 52-week low is ₹540.00.

About Greenzo Energy Unlisted Shares

Greenzo Energy India Limited is a dynamic player in the renewable energy sector, founded in 2021 with a focus on sustainable solutions like solar, hydropower, and green hydrogen. The company’s rapid growth is marked by key milestones:

2020: Began as a hydropower consultancy.
2021: Commissioned Nepal’s first 12.25 MW solar project.
2022: Expanded solar consultancy (200+ MW projects) and launched an electrolyser manufacturing plant.
2023: Entered green hydrogen production, positioning itself as a pioneer in India’s clean energy transition.

Under the leadership of Mr. Sandeep Agarwal (Founder) and Mr. Raj Kumar Agarwal (ex-NTPC executive), Greenzo combines technical expertise with strategic vision. As of May 2024, the company’s unlisted shares trade at ₹750, with a market cap of ₹885 Cr. Projections indicate robust growth, targeting ₹4,200 Cr turnover and ₹686 Cr PAT by FY2029, reflecting a 20x forward P/E ratio.

Business Divisions
A. Electrolyser Manufacturing
The company is setting up a 250 MW electrolyser plant in Sanand, Gujarat (Phase-1 investment: ₹100 Cr). Electrolysers are critical for producing green hydrogen via water electrolysis. While production is yet to commence, Greenzo aims to deliver proprietary PEM electrolysers, offering end-to-end solutions from financing to plant maintenance.

B. Renewable Energy Services
Greenzo provides solar, wind, and hydropower EPC services, having executed projects like:

Nepal’s 12.25 MW solar plant.
API Power’s 4 MW solar installation.
Chandranigahapur’s 5 MW project.

C. Green Hydrogen & Ammonia Consultancy
The firm assesses demand-supply dynamics, infrastructure feasibility, and export potential for green hydrogen/ammonia. Its reports guide clients on replacing conventional fuels with carbon-free alternatives.

D. Fuel Cell Technology
Greenzo develops fuel cells to convert hydrogen into electricity, targeting industries like transportation and backup power systems.

Pros

Strategic Partnership: Collaborated with France’s EODev to introduce hydrogen fuel cell generators in India and Nepal.
Manufacturing Expansion: Investing ₹3,500 crore in an electrolyzer plant in Gandhinagar to boost green hydrogen production.
Diverse Renewable Projects: Secured a ₹500 crore EPC project for a 120 MW solar installation in Nepal.

Cons

High Capital Expenditure: Significant investments in new facilities may strain financial resources.
Market Competition: Faces competition from established players in the renewable energy sector.
Regulatory Challenges: Navigating complex regulations in multiple countries could impact project timelines.

Key Details

Share Name	Particulars
Greenzo Energy Unlisted	615.00
Shares Price	Per Equity Share
Lot Size	100 Shares
52 Week High	₹750
52 Week LoW	₹675
Depository	NSDL & CDSL
PAN Number	AAKCG1555H
ISIN Number	INE0OA401013
CIN	U29309DL2022PLC407203
RTA	Maashitla Securities

Fundamentals	Value
Market Cap (in cr.)	728.92
P/E Ratio	339.78
P/B Ratio	12.14
Debt to Equity	0.01
ROE (%)	2%
Book Value	50.67
EPS	1.81
Face Value	10
Total Shares	11852331

Financials

P&L Statement	2024
Revenue	14791.06
Cost of Material Consumed	11707.16
Gross Margins	0.21
Change in Inventory	-87.54
Employee Benefit Expenses	522.54
Other Expenses	1388.04
EBITDA	1260.86
OPM	0.09
Other Income	96.50
Finance Cost	0.00
D&A	44.12
EBIT	1216.75
EBIT Margins	0.08
PBT	909.13
PBT Margins	0.06
Tax	307.62
PAT	1004.70
NPM	0.07
EPS	1.81

Financial Ratios	FY24
Operating Margin	9%
Net Profit Margin	7%
Return on Equity	2%
Debt-Equity	0.01
Current Ratio	7.39
Dividend Payout	0%

Company	Greenzo Energy	Waaree Renewables Technologies	Oriana Power Ltd
Market Cap (₹ Crores)	760	6888	3343
Profitability Margin (%)	7%	16%	14%
ROCE (%)	2%	22%	38%
ROE (%)	2%	30%	61%
D/E Ratio	0.01	0.24	0.64
P/E Ratio	383.98	29.7	94.4
P/B Ratio	13.72	3.51	8.34
Book Value per Share (₹)	50.67	99.8	197

Assets	2024
Fixed Assets	5.27
CWIP	0.00
Investments	0.00
Trade Receivables	12.56
Inventory	0.09
Other Assets	45.94
Total Assets	63.86

Liabilities	2024
Share Capital	10.23
FV	10.00
Reserves	26.78
Borrowings	0.51
Trade Payables	6.28
Other Liabilities	20.06
Total Liabilities	63.86

Promoters or Management

Name	Designation	Experience	Linkedin Profile
Sandeep Agarwal	MD, CEO	20 Yrs

Annual Reports

Name	Download
Greenzo Energy Report 2024

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Frequently Asked Questions

The buying and selling of unlisted shares and pre-IPO shares is fully legal and valid.

The procedure to buy Greenzo Energy unlisted shares is fairly simple. Once you have settled on the price and quantity of the transaction, you would have to transfer the funds into the bank account of the seller. Once the funds are transferred and transaction details are shared with the seller, your demat account will be credited with the shares either on the same day of the fund transfer or before the end of the next working day.

In the secondary market, the transactions related to unlisted shares take place with the existing owners of the shares who are generally the employees or existing investors in the company. The company itself is not directly involved.

The Greenzo Energy unlisted shares will get credited either the same day or before the end of the next working day when you transfer the funds into our bank account.

The minimum lot size varies on the basis of market conditions and demand and supply factors. To know the current lot size of Greenzo Energy, please visit the stock page on our website: www.delistedstocks.in

There are many factors which influence the pricing of unlisted shares. Apart from the supply and demand factors, the latest transactions happened on the same stock, last funding round of the company, and valuation level of companies of the similar size affect the pricing of the unlisted shares.

Before IPO, there is no restriction on sale and transfer of your Greenzo Energy unlisted shares. But once the shares are listed on the stock exchange, for retail investors, there is a minimum lock-in period of 6 months after listing on the stock exchange.

Once the selling price and quantity of shares is agreed with us, we will provide you with a UTR number to transfer the shares. Once you have transferred the shares into our company’s demat account, funds are released into your bank account within 24 hours or before the end of the next working day of the transfer of the shares.

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