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GH2 Solar Limited Unlisted Shares
Unlisted Shares
Current Price
₹317
Market Cap
₹514 Cr
Book Value
78.36
ISIN
INE1FAE01019
P/E Ratio
11.03
Lot Size
500
Trade
₹317
Stats
| Company | GH2 Solar Limited |
| Incorporation Date | March 28, 2013 |
| ISIN Number | INE1FAE01019 |
| PAN | AALCA4806G |
| CIN | U40300DL2013PTC249995 |
| Corporate Office | A-8, Block A, Sector 68, Noida, Basi Bahuddin Nagar, Uttar Pradesh 201309 |
| Sector | Renewable Energy |
| Depository | NSDL & CDSL |
| Face Value | 10 |
| Book Value | 78.36 |
Figures in ₹ Cr
Financials
| PARTICULARS | FY23 | FY24 | FY25 | FY26LATEST |
|---|---|---|---|---|
| REVENUE | 6,172 | 6,477 | 20,944 | 57,816▲176% |
| EBITDA | 168 | 547 | 2,195 | 6,998▲219% |
| OPM (%) | 2.72 | 8.45 | 10.48 | 12.11▲16% |
| PBT | 129 | 499 | 2,147 | 6,317▲194% |
| PAT | 93 | 346 | 1,332 | 4,664▲250% |
| EPS (₹) | 244.74 | 10.03 | 31.05 | 23.94▼23% |
GH2 Solar Limited Company Thesis
Solar EPC + Green Hydrogen + Battery Storage — One Company, Three of India's Biggest Energy Bets
Most companies in the renewable energy space do one thing. GH2 Solar does three — and it's doing all three at a time when the Indian government is writing billion-dollar cheques to make them happen.
Founded in 2013 and headquartered in Noida, GH2 Solar is an integrated clean energy company operating across three verticals: Solar EPC (engineering, procurement & construction), Green Hydrogen, and Energy Storage. With 650+ solar projects delivered across 325+ clients, this is not a startup with a dream — this is a company with a proven execution track record.
The financial growth is striking. Revenue jumped from ₹6,172 Cr in FY23 to ₹6,477 Cr in FY24, then surged to ₹20,944 Cr in FY25, and has already hit ₹57,816 Cr in FY26 — a 176% year-on-year leap. PAT has followed — from ₹93 Cr in FY23 to ₹346 Cr in FY24, ₹1,332 Cr in FY25, and ₹4,664 Cr in FY26. That's the kind of growth trajectory that gets investor attention fast.
What makes GH2 Solar structurally different is the green hydrogen play. The company won a SECI tender for 105 MW of electrolyser manufacturing capacity, with a ₹157.5 Crore PLI subsidy under the Government of India's SIGHT program. It is setting up a manufacturing facility in Gwalior through a joint venture with South Korea's Advanced Hydrogen Energy Solutions (AHES) Ltd — targeting 500 MW capacity by 2030. Additionally, $6.5 million has been raised from institutional investors including AARTH AIF, Dr. Faruk G. Patel of KP Group, and GrowMo360, validating the model.
An IPO is also planned for 2026, targeting approximately ₹250 Crore from a mainboard listing.
At ₹273 per share, a market cap of ₹514 Cr, and a P/E of just 11.03, GH2 Solar is priced attractively for a company with this kind of growth momentum.
Frequently Asked Questions ?
What is GH2 Solar Limited and what does the company do?
GH2 Solar Limited is a leading company in the renewable energy sector, specializing in green hydrogen solutions and solar technology. The company develops innovative projects focused on producing sustainable hydrogen through solar energy, supporting the transition to clean and renewable energy sources.
How can I invest in GH2 Solar Limited unlisted shares?
To invest in GH2 Solar Limited unlisted shares, you typically need to connect with authorized brokers, investment platforms, or private placement agents who specialize in unlisted shares. It's important to conduct thorough due diligence on GH2 Solar and consult a qualified financial advisor before making any investment decisions.
What makes GH2 Solar’s renewable energy technology unique?
GH2 Solar leverages cutting-edge solar and hydrogen technology to create efficient and sustainable energy solutions. Their innovative approach focuses on integrating solar power generation with green hydrogen production, setting them apart in the renewable energy sector for both technology and environmental impact.
What are the benefits of investing in GH2 Solar Limited?
Investing in GH2 Solar Limited offers exposure to the rapidly growing green energy industry, specifically in solar-powered hydrogen generation projects. As GH2 Solar company is involved in sustainable and forward-looking technologies, it provides investors with potential long-term growth opportunities within the renewable energy market.
What projects is GH2 Solar currently working on?
GH2 Solar is engaged in several innovative renewable energy projects, focusing on large-scale solar farms and green hydrogen production facilities. These projects are designed to deliver clean energy solutions and support global sustainability goals.
How does GH2 Solar contribute to green energy initiatives?
GH2 Solar actively supports green energy initiatives by developing technologies and projects that utilize solar power to produce clean hydrogen. Their goal is to reduce reliance on fossil fuels and promote a sustainable energy future through advanced renewable solutions.
Is GH2 Solar Limited a reliable choice for renewable energy investments?
GH2 Solar Limited is recognized as a reputable company in the renewable energy industry, known for its commitment to green energy and innovative hydrogen technology. However, as with any investment in unlisted shares, it’s important to assess the company's financial stability, track record, and future potential before investing.