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UNLISTED COMPANY PROFILE

MATRIX GAS AND RENEWABLES

ENERGY LINE
INDICATIVE PRICE / SHARE
₹4.5
▼ 18.2% · 30-DAY
OTC REFERENCE PRICE · NOT AN OFFER TO DEAL
PRICE AS OF 03 SEPT 2026
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INDICATIVE PRICE HISTORY · DATED OBSERVATIONS SINCE 2024

PRICE HISTORY.

Use the left and right arrow keys to inspect dated observations. Home selects the first observation and End selects the latest.

₹1,075
₹4.5
15 Mar 2404 Apr 2603 Sept 26

ALL-TIME LOW
₹4.5
ALL-TIME HIGH
₹1,075
WINDOW
ALL
NOT A STOCK-EXCHANGE QUOTE · NOT AN OFFER TO DEAL
THE TIMETABLE · KEY NUMBERS

Key numbers

Published fundamentals and the date each figure was recorded.

CALCULATION METHOD →
Market cap
₹23 Cr
Latest available company data
Min. investment
₹10,013
Indicative price × lot size
Lot size
2,225
P/E ratio
0.22
P/B ratio
0.03
EPS
20.76
ROE
8.76%
Book value
₹147.22
Face value
₹10
Debt / equity
0.06
ISIN
INE0PO201010
Company security identifier
THE BUSINESS · HOW IT EARNS

Matrix Gas and Renewables Limited aggregates natural gas: it sources gas from varied supply sources and markets it to Indian downstream customers. The DRHP says it altered its main objects in December 2021 to trade all types of fuel, including natural gas, oil and power, and to act as energy-planning and management advisers before entering the gas-aggregation business. The prospectus identifies natural gas as a feedstock for fertilizer, petrochemicals and other chemicals and as a fuel for electricity generation and industrial and commercial heating. It also discloses a solar project: contracts for a 5,330 kWp solar PV plant were novated to the company, with supply revenue intended to begin after commissioning. The document says the company operated from a registered office subleased from Gensol Engineering and rented properties in several states. This describes the pre-IPO business model in the July 2023 DRHP, rather than a later operating assessment.

About this company

Matrix Gas and Renewables Limited is an Ahmedabad-based energy company operating across the conventional and clean-energy value chain. It was originally incorporated in March 2018 as Gensol Renewables Private Limited and was renamed Matrix Gas and Renewables in 2022 after broadening its mandate from solar project services into fuel aggregation and trading. The company positions itself as a natural gas aggregator, sourcing and marketing natural gas to industrial and commercial buyers. Its customer base spans sectors such as refineries, ceramics, fertilisers, petrochemicals, steel, glass, city gas distribution networks, power plants and FMCG manufacturing. Alongside this core trading and supply activity, Matrix offers energy planning and management consultancy and has expanded into renewable and transition-fuel segments, including solar power generation on an independent power producer basis, Compressed Bio-Gas (CBG) development and green hydrogen initiatives. This multi-fuel approach is how the company frames its long-term role in India's energy mix. Matrix is associated with the Gensol group ecosystem, and its leadership and promoter lineage have historically been linked to founders connected with Gensol Engineering and the BluSmart mobility venture. This parentage, combined with the company's positioning in natural gas and clean energy, is part of what has historically drawn attention to its shares in the unlisted market. The company has also undertaken a pre-IPO fundraising round and has been reported as preparing for a future public listing on the SME platform rather than the main board. As a pre-IPO, unlisted entity, Matrix Gas and Renewables is not currently traded on the NSE or BSE main board, and its shares change hands privately through the unlisted market. The face value of the share is ₹10. Indicative unlisted prices for the company have shown wide movement over the past year, reflecting the limited liquidity, evolving company-specific developments and sentiment that characterise pre-IPO names. The figures quoted here are indicative market data points, not official exchange prices, and should be read alongside the company's own disclosures.

COMPANY AT A GLANCE
Sector lineEnergy
SettlementNSDL / CDSL
Incorporated2018
Listing statusUnlisted / Pre-IPO
*INDICATIVE · TIMELINE MAY CHANGE · NOTHING FINAL UNTIL THE RHP

COMPANY REGISTRY · ON FILE

PUBLIC OR ADMIN-SUPPLIED DATA · VERIFY INDEPENDENTLY
CIN
U74999GJ2018PLC101075
PAN
AAHCG2065R
Incorporated
2018
Outstanding shares
2,64,48,499 (approx 2.64 crore)
Registered office
15th Floor, A Block, Westgate Business Bay, S G Road, Vraj Park, Ahmedabad City, Gujarat, India, 380051
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THE LOGBOOK · FINANCIALS BY YEAR

WHAT THE ENGINE HAS DONE.

AMOUNT UNIT NOT VERIFIEDFY22FY23FY24
REVENUE4548,98161,434
PAT93,1693,719
EPS (₹)2121
PAT MARGIN20%6%6%
CAUTION · AMOUNT UNIT AND FIELD-LEVEL SOURCES HAVE NOT BEEN VERIFIED · DO NOT RELY ON THESE FIGURES WITHOUT CHECKING THE COMPANY FILING

THE CREW · BOARD & MANAGEMENT

Anmol Singh Jaggi
Chairman & Managing Director
Chirag Nareshbhai Kotecha
Director
Disha Chirag Kotecha
Director
Puneet Singh Jaggi
Promoter / Director
Gaurav Kharbanda
Director
Arun Menon
Director
COMPANY TIMELINE · EVENTS
The corporate insolvency resolution process (CIRP) was initiated for Matrix Gas and Renewables Limited. (11 Feb 2026)
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NON-BINDING · NO PAYMENT · NOT AN OFFER TO DEAL
RESEARCH DESK · QUESTIONS

COMMON QUESTIONS.

Is Matrix Gas And Renewables listed on the stock exchange?+

No. As of 3 September 2026, Matrix Gas And Renewables is an unlisted company whose shares trade over-the-counter; it would list only if and when it completes an IPO.

What is the Matrix Gas And Renewables unlisted share price?+

As of 3 September 2026, the indicative unlisted share price of Matrix Gas And Renewables is ₹4.50 per share. This is an over-the-counter reference price, not a stock-exchange quote.

What indicative minimum amount is displayed for Matrix Gas And Renewables unlisted shares?+

The displayed unit count is 2,225 share(s); at the indicative price of about ₹4.50, the displayed amount is approximately ₹10,013. This is a display convention, not evidence of inventory, an order minimum or a quote.

What is the ISIN of Matrix Gas And Renewables?+

The recorded ISIN of Matrix Gas And Renewables is INE0PO201010. An ISIN is a 12-character security identifier. Verify it against the issuer and the relevant depository record before using it for any transfer or documentation.

Is trading in Matrix Gas And Renewables unlisted shares legal in India?+

Unlisted shares can be transferred off-market in India, but the legal, tax and compliance position depends on the security, parties, documents and current rules. Verify the intermediary, issuer restrictions and applicable requirements before proceeding.

Is there a lock-in period for unlisted shares?+

A post-listing lock-in may apply under the rules in force at the time. The period and any exemptions can depend on the holder and acquisition, so check the current regulation and the issuer's offer documents rather than relying on a generic period.

Do you guarantee returns?+

No. Unlisted shares carry higher risk and lower liquidity than listed shares. Returns depend on company performance, market conditions and future listing outcomes. This is information only, not investment advice.

SIMILAR COMPANY PROFILES
ENERGY LINE.
Prices shown are indicative over-the-counter reference prices, not an offer to deal. This page is information only and not investment advice. Unlisted shares carry higher risk and lower liquidity than listed shares. Settlement to your own demat account via NSDL / CDSL through registered intermediaries.
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