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Juniper Green Energy Limited

RHP · filed 28 Jul 2026

SEBI cleared

What stands out

High leverage. Debt-to-equity of 3.77x.

Risk factor. A significant portion of revenue is derived from two key off-takers, GUVNL and MSEDCL, who collectively contributed 86.06%, 91.11% and 97.00% of revenue from operations for Fiscals 2026, 2025 and 2024, respectively. The loss of any such key commercial relationships could adversely affect the busines

Risk factor. The business is dependent on suppliers for critical components, equipment, materials and other goods. The top 10 suppliers collectively contributed to 84.42%, 79.99% and 87.52% of total purchases for Fiscals 2026, 2025 and 2024, respectively. Interruptions in the supply of critical components and ot

Primarily fresh capital. 100% of the offer is fresh issue, so most proceeds fund the company.

Strong revenue growth. Restated revenue CAGR of 35.5%.

How the offer is structured

Fresh issue

₹1.80k Cr

New capital into the company

OFS share

0%

  • repayment/pre-payment, in full or part, of certain borrowings availed by our Company₹6.83k Cr
  • investment in one of our Material Subsidiaries namely Juniper Green Gamma One Private Limited, and our Subsidiaries namely Juniper Green Kite Private Limited and Juniper Green Power Five Private Limited for repayment/ pre-payment, in full or in part, of all or a portion of certain of their outstanding borrowings₹7.29k Cr
  • general corporate purposes

Restated financials

Revenue

₹719 Cr

Latest fiscal year

Profit after tax

₹40.5 Cr

Revenue CAGR

35.5%

Return on equity

1.2%

Debt / equity

3.77

PAT CAGR

0.5%

Fiscal yearRevenueEBITDAPATNet worth
2024₹392 Cr₹40.1 Cr₹1.73k Cr
2025₹509 Cr₹36.5 Cr₹3.36k Cr
2026₹719 Cr₹40.5 Cr₹3.42k Cr

Promoters, litigation & related parties

Promoter (pre)

99.4%

As on the date of this Red Herring Prospectus

Risks the company discloses

  • A significant portion of revenue is derived from two key off-takers, GUVNL and MSEDCL, who collectively contributed 86.06%, 91.11% and 97.00% of revenue from operations for Fiscals 2026, 2025 and 2024, respectively. The loss of any such key commercial relationships could adversely affect the business, results of operations, financial condition and cash flows.(Customer Concentration)

  • The business is dependent on suppliers for critical components, equipment, materials and other goods. The top 10 suppliers collectively contributed to 84.42%, 79.99% and 87.52% of total purchases for Fiscals 2026, 2025 and 2024, respectively. Interruptions in the supply of critical components and other goods could adversely affect business operations, financial position and cash flows.(Supplier Concentration)

  • The top 3 suppliers contributed to 63.24%, 61.59% and 77.66% of total purchases for Fiscals 2026, 2025 and 2024, respectively. The top 5 suppliers contributed to 77.61%, 71.35% and 81.39% of total purchases for Fiscals 2026, 2025 and 2024, respectively.(Supplier Concentration)

  • The business is dependent on suppliers for critical components, equipment, materials and other goods. While procurement agreements typically require manufacturers to provide warranties against equipment failures and defects for a specified period, any issues arising after these warranties expire would necessitate repairs at the company's expense.(Supplier Performance)

  • Vendor liability for warranty breaches is typically capped at a portion of the purchase price or service fees. Any losses exceeding this cap would be the company's responsibility.(Supplier Performance)

  • If vendors fail to meet obligations, deliver defective components or violate quality standards, the company could face delays and need costlier contracts with other vendors, who may not be readily available.(Supplier Performance)

  • The company expects to continue to be reliant on certain off-takers in relation to renewable energy projects for the foreseeable future, despite expanding its portfolio and diversifying off-takers.(Customer Concentration)

  • The company cannot assure that it will be able to maintain historic levels of business from its key off-takers or that it will be able to significantly reduce off-taker concentration in the future.(Customer Concentration)

How this document reads, dimension by dimension

growthrevenue CAGR 35.5%
balance sheetdebt/equity 3.77x
profitabilityROE 1.2%
issue structure0% of the offer is OFS

Each bar is a fixed formula applied to the figures shown above, scored 0–100. This is a reading of what the company disclosed — not a recommendation to apply or avoid, not a price target, and not a prediction of listing performance. Dimensions that could not be extracted are excluded rather than assumed, so coverage varies between documents.

Figures are extracted automatically from the document filed with SEBI and may contain errors — the linked SEBI document is the authoritative record; analysed 24 Aug 2026.

Not investment advice

These lists are rules-based research, not buy recommendations. Rankings are generated from NSE & BSE data by a deterministic formula and do not account for your personal circumstances. For informational purposes only. Consult a SEBI-registered advisor before investing.

Juniper Green Energy Limited RHP — SEBI filing analysis | DocStoX