Business Overview
Prozeal Green is a solar EPC provider specializing in end-to-end renewable energy solutions, including engineering, procurement and construction of solar projects on a turnkey basis, with a strong focus on the commercial and industrial sectors. While it undertakes independent EPC assignments, its primary emphasis lies on the “Plug-and-Play” solar park model. Under this approach, the company manages the entire project lifecycle—from conceptualization and land acquisition to commissioning—facilitating approvals and evacuation line connectivity, supported by robust design expertise, execution capabilities and procurement strategies.
Prozeal Green IPO Size
Objects of Issue
- Funding the long-term working capital requirements of the Company
- Investment in the Subsidiary(ies), for repayment/pre-payment, in part or full of certain borrowings
- General corporate purposes
Prozeal Green IPO Financial Performance
(Rs. in crores)
| Particulars | Sep-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Revenue from Operations | 468.54 | 948.88 | 341.00 | 287.19 |
| Profit after Tax | 51.60 | 92.24 | 21.52 | 10.07 |
| Net Worth | 243.84 | 192.03 | 72.02 | 20.48 |
| Total Borrowing | 82.60 | 77.34 | 62.92 | 3.43 |
| Total Assets | 514.00 | 422.94 | 221.93 | 157.25 |
| NAV per share (in ₹) | 52.39 | 41.26 | 15.98 | 4.97 |
| EPS - Basic (in ₹) | 11.09 | 20.20 | 5.21 | 2.44 |
Key Performance Indicators (KPIs)
EBITDA
13.15%
PAT
9.67%
ROE
69.87%
ROCE
60.72%
Debt to Equity
0.08
All the data pertains to FY 2024-25. PE, PB, and market capitalization are calculated based on the Upper Price Band.
Promoter Holding
Promoter
88.63%
Public
11.37%
Management
Registrar & Lead Managers
Registrar
MUFG Intime India
Lead Managers (2)
Company Details
Name: Prozeal Green Energy Limited
Address: Block C, West Wing, 1209-1212, Stratum, Venus Ground, near Jhansi ki Rani Statue, Nehrunagar, Ahmedabad – 380 015, Gujarat, India
Number: +91 79 4019 1727
Email: cs@prozealgreen.com
Website: https://www.prozealgreen.com/
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