Matrix Gas And Renewables Unlisted Share Price Down 16.7% (2026)
· 7 min read · Written by the BuyUnlistedShares desk. Information only, not investment advice.
Matrix Gas And Renewables unlisted share price fell 16.7% to ₹3.75 during the week ending 03 Oct 2026. Explore full 90-day price trends, company fundamentals, and corporate filings.
Direct answer: The indicative unlisted share price of Matrix Gas And Renewables dropped 16.7% over the week ending 03 Oct 2026, falling from ₹4.50 to ₹3.75. Tracked by BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002, this shift reflects ongoing unlisted price adjustments following corporate disclosures.
The indicative price series reached a high of ₹6.50 on 06 Jul 2026 and held steady through July before stepping down to ₹5.50 on 31 Jul 2026, ₹4.75 on 17 Aug 2026, ₹4.50 on 31 Aug 2026, and a low of ₹3.75 on 03 Oct 2026.
Weekly Price Movements and 90-Day Unlisted Market Context
Between 26 Sep 2026 and 03 Oct 2026, the indicative price for Matrix Gas And Renewables on BuyUnlistedShares decreased from ₹4.50 to ₹3.75. In private over-the-counter (OTC) markets, prices represent peer-to-peer negotiated transactions rather than an automated continuous exchange order book. Consequently, unlisted share prices react to demand-supply dynamics, news updates, and institutional liquidity flows.
Over the full 90-day tracking window from 06 Jul 2026 to 04 Oct 2026, the equity share maintained a flat price of ₹6.50 throughout most of July. A downward repricing occurred at the end of July to ₹5.50, followed by a further move to ₹4.75 in mid-August. The price consolidated at ₹4.50 through September before experiencing the recent 16.7% correction to ₹3.75 in early October. Desk figures list a lot size of 5,560 shares and a minimum investment threshold of ₹25,020 at the current price level.
Company History, Business Model, and Operational Mandate
Matrix Gas and Renewables Limited is an Ahmedabad-based energy company operating across conventional and clean-energy supply chains. The business was originally incorporated in March 2018 as Gensol Renewables Private Limited. In December 2021, the company altered its main object clauses to trade all types of fuel—including natural gas, oil, and power—and to function as energy planning and management advisers. It was subsequently renamed Matrix Gas and Renewables in 2022 to reflect this broader energy mandate.
The company operates primarily as a natural gas aggregator, sourcing natural gas from diverse suppliers and marketing it to downstream industrial and commercial consumers across India. Its customer footprint includes enterprises in refineries, ceramics, fertilisers, petrochemicals, steel, glass manufacturing, power generation, city gas distribution (CGD) networks, and fast-moving consumer goods (FMCG) manufacturing. In addition to gas trading, Matrix offers energy management consultancy and has expanded into renewable and transition-fuel segments. These projects include independent power producer (IPP) solar power projects—highlighted by contracts for a 5,330 kWp solar PV plant novated to the company—as well as Compressed Bio-Gas (CBG) development and green hydrogen initiatives. The company operates from a registered office subleased from Gensol Engineering in Ahmedabad and rented premises across multiple states.
Capital Structure, Promoter Ownership, and Key Figures
Matrix Gas and Renewables has a face value of ₹10.00 per share with total outstanding shares of 2,64,48,499 (approximately 2.64 crore shares). The entity's ISIN is INE0PO201010 and its Corporate Identification Number (CIN) is U74999GJ2018PLC101075.
| Item | Value | As of |
|---|---|---|
| Indicative price | ₹3.75 | 04 Oct 2026 |
| Lot size | 5560 shares | 04 Oct 2026 |
| Minimum investment | ₹25,020 | 04 Oct 2026 |
| Market cap | ₹23 Cr | 04 Oct 2026 |
| Face value | ₹10 | 04 Oct 2026 |
| Book value | ₹147.22 | 04 Oct 2026 |
| P/E | 0.62 | 04 Oct 2026 |
| ISIN | INE0PO201010 | 04 Oct 2026 |
| Sector | Energy | 04 Oct 2026 |
| Listing status | UNLISTED | 04 Oct 2026 |
The company's leadership team includes Anmol Singh Jaggi as Chairman & Managing Director, Puneet Singh Jaggi as Promoter / Director, Chirag Nareshbhai Kotecha and Disha Chirag Kotecha as Directors, alongside Gaurav Kharbanda and Arun Menon as Directors. The corporate lineage connects Matrix with the broader Gensol group ecosystem and founders associated with Gensol Engineering and the BluSmart mobility venture.
Equity ownership disclosures show that promoter and associate holdings are distributed as follows: Anmol Singh Jaggi holds 24.50%, Puneet Singh Jaggi holds 23.94%, Chirag Nareshbhai Kotecha holds 22.00%, and Disha Chirag Kotecha holds 22.00%. The remaining 7.56% of equity is held by public and other shareholders. Investors researching unlisted equity structures across regional bases can also review local market context such as Unlisted Shares in Dadra and Nagar Haveli and Daman and Diu (2026).
Detailed Financial Analysis: Revenue Scale and Cash Flows
Data maintained by BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 shows that revenue expanded significantly over recent financial years.
Per the financial disclosures, total revenue grew from ₹0.45 Cr in FY22 to ₹489 Cr in FY23 (₹48,981 lakh), and further reached ₹609 Cr in FY24 (₹61,434 lakh). Operating profit margin (OPM) was recorded at 9.08% in FY23 and 7.81% in FY24, while net profit margin (NPM) stood at 6.47% in FY23 and 6.05% in FY24. Profit After Tax (PAT) grew from ₹0.09 Cr in FY22 to ₹32 Cr (₹3,169 lakh) in FY23 and ₹37 Cr (₹3,719 lakh) in FY24. Financial EPS was reported at ₹21.11 in FY23 and ₹20.76 in FY24.
Balance sheet figures reflect share capital of ₹1,501 lakh in FY23, which increased to ₹2,645 lakh in FY24. Reserves and surplus expanded from ₹1,678 lakh in FY23 to ₹39,608 lakh in FY24, taking net worth to ₹422.44 Cr as of 03 Oct 2026. Fixed assets rose from ₹7 lakh in FY23 to ₹49 lakh in FY24. On the working capital side, trade receivables jumped from ₹171 lakh in FY23 to ₹20,342 lakh in FY24, while trade payables increased from ₹1,144 lakh to ₹6,984 lakh. As a result, Cash Flow from Operations (CFO) moved from ₹6,270 lakh in FY23 to -₹12,772 lakh in FY24, supported by Cash Flow from Financing (CFF) of ₹34,593 lakh in FY24.
Insolvency Proceedings, Pre-IPO Plans, and Risk Factors
Investors analyzing unlisted equities must evaluate official corporate developments alongside financial metrics. Public insolvency filings confirm that the Corporate Insolvency Resolution Process (CIRP) was initiated for Matrix Gas and Renewables Limited on 11 Feb 2026 under CIN U74999GJ2018PLC101075.
Historically, the company completed a pre-IPO fundraising round and prepared draft offer documents in July 2023 with plans for an SME platform public listing. Key risk factors associated with unlisted equity in Matrix Gas and Renewables include ongoing legal and resolution proceedings, limited secondary market liquidity, wide bid-ask spreads, and potential shifts in operational timelines. Investors reviewing unlisted equities can screen active market options using our Unlisted shares screener and check upcoming public issue schedules on the IPO calendar.
For additional details regarding private transfer mechanisms and demat operations, read our guide on How to Choose the Best App to Buy Unlisted Shares in India. To check current availability, obtain dated indicative pricing, or learn more about private share transfers, connect directly with BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 through our enquiry page.
Frequently Asked Questions
Why did the unlisted share price of Matrix Gas And Renewables fall 16.7% this week?
The indicative price fell from ₹4.50 on 26 Sep 2026 to ₹3.75 on 03 Oct 2026, driven by updated buyer and seller quotes and overall demand-supply shifts in the unlisted market.
What are the primary business operations of Matrix Gas and Renewables?
Matrix Gas and Renewables aggregates natural gas for downstream industrial sectors including ceramics, fertilisers, steel, and city gas networks, while also engaging in solar power, Compressed Bio-Gas, and green hydrogen projects.
Is Matrix Gas And Renewables traded on public stock exchanges?
No, Matrix Gas and Renewables is an unlisted company. Its equity shares trade privately off-exchange via off-market demat transfer processes.
What major corporate action has been reported for Matrix Gas and Renewables?
According to official disclosures, the Corporate Insolvency Resolution Process (CIRP) was initiated for Matrix Gas and Renewables Limited on 11 Feb 2026.
Should I buy or sell Matrix Gas And Renewables unlisted shares?
We do not make that call. Unlisted shares carry liquidity, valuation, and regulatory risks, and prospective investors should review official corporate disclosures and consult a licensed financial advisor.
Information only, not investment advice. Unlisted and pre-IPO securities carry liquidity, valuation and listing-timing risk; read the offer document and consult a SEBI-registered investment adviser for advice specific to your situation.
