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MATRIX GAS AND RENEWABLES LTD
Last Traded Price
₹22.00 ( 0.00 % )
Principles
Company Name
MATRIX GAS AND RENEWABLES LTD
Market Cap
₹ 63.00
ISIN No.
INE0PO201010
No. of Outstanding Shares
28700771
PAN No.
AAHCG2065R
PE ratio
1.79
CIN
U74999GJ2018PLC101075
Book value
₹ 11.09
Sector
ENERGY
P/BV
1.80
DRHP Filed?
No
P/S Ratio
0.12
Available on
NSDL CDSL
EPS
₹ 11.16
Registration Date
June 3, 2018
Face Value
₹ 10.00
Stock Performance
Company Details
Company Snapshot
Matrix Gas & Renewables is an ambitious and rapidly scaling energy firm, part of the Gensol Group, operating across the natural gas aggregation, green hydrogen infrastructure, and biogas segments. With robust private funding secured and an IPO in prospect, it’s positioning itself as a key player in India’s evolving clean energy landscape.
- Part of Gensol Group: A subsidiary of Gensol Engineering, one of India's top renewable energy engineering firms.
- Founded: Originally incorporated in March 2018 as Gensol Renewables, it was rebranded Matrix Gas & Renewables in February 2022.
- Leadership: Spearheaded by chairman MD Anmol Singh Jaggi (with Puneet Singh Jaggi) and led operationally by Chirag Kotecha, who has over 18 years in natural gas.
What They Do
- Natural Gas Aggregation: They source and market natural gas, including acquisitions of City Gas Distribution (CGD) assets.
- Green Hydrogen Infrastructure: Provide EPC (Engineering, Procurement, and Construction) and BOO (Build-Own-Operate) services for green hydrogen plants, from production to storage and dispensing.
- Biogas (CBG) Initiatives: Developing compressed biogas plants across India using agri-residues, waste, and manure – emphasizing sustainable feedstocks and full-chain expertise.
Funding & Growth Trajectory
- Private placement, July 2023: Raised ₹7.45 crore via a draft red herring prospectus for listing on NSE EMERGE; majority held by founders (~89%).
- March 2024 pre-IPO round: Secured ₹350 crore from investors like 4G Capital, Sarda Group, Blue Lotus Fund, NAV Capital, Singhvi Heritage, and promoters.
- Funds to drive gas business expansion, CGD acquisitions, green hydrogen plant commissioning, and electrolyser manufacturing.
- Future IPO (planned late 2024/early 2025): Aiming to raise ₹1,000–1,200 crore (~$120–143 M) to finance 1 GW of green hydrogen capacity, backed by a ₹3,500 crore capex plan funded via ~70% debt and 30% equity.
Why It Matters
- Accelerating energy transition: Matrix sits at the crossroads of natural gas (as a transitional fuel), green hydrogen, and biogas—key pillars in India’s clean energy roadmap.
- Strong backing: Combines engineering capability via Gensol and financial muscle from its 2024 round to scale both in gas distribution and hydrogen/Biogas sectors.
- IPO on the horizon: Its planned public listing highlights its ambition to rapidly increase capacity and influence in India’s emerging green energy ecosystem.
Industry Outlook
1. Natural Gas Aggregation
Industry Overview:
- India is the fourth-largest LNG importer globally.
- Government targets to increase the share of natural gas in the energy mix from 6% to 15% by 2030.
- Natural gas is being positioned as a transition fuel toward cleaner energy.
Growth Drivers:
- City Gas Distribution (CGD) expansion across Tier II & III cities.
- Policy support via open access to gas infrastructure, and marketing freedom.
- Increasing demand from fertilizer, power, transport, and industrial sectors.
- Focus on gas hubs, unified tariffs, and gas exchange platforms.
2. Green Hydrogen Infrastructure
Industry Overview:
- India launched the National Green Hydrogen Mission (₹19,744 Cr) in 2023.
- Aims to produce 5 MMT of green hydrogen annually by 2030.
- Focus on building end-to-end ecosystems—production, storage, transport, and applications.
Growth Drivers:
- Strong demand pipeline from refineries, steel, fertilizers, and mobility sectors.
- Incentives under SIGHT scheme (₹17,490 Cr for production, ₹1,466 Cr for manufacturing).
- Falling renewable power and electrolyser costs.
- Strategic positioning to become a global green hydrogen export hub.
3. Biogas / Compressed Biogas (CBG)
Industry Overview:
- Huge potential with 5000+ CBG plants targeted under SATAT scheme.
- CBG is derived from agri-waste, press mud, dung, MSW, etc.—aligns with waste-to-energy and rural circular economy.
Growth Drivers:
- Government’s SATAT initiative (2018) ensures long-term offtake by OMCs.
- Rising demand from transport, CGD networks, and industrial heating.
- Waste management mandates under Swachh Bharat Mission, and carbon offsetting goals.
- Attractive for carbon credits and ESG-focused investors.
Latest Shareholding Pattern of Matrix Gas and Renewables Ltd.
| Category | Shareholder Name | % Holding |
| 🧑💼 Promoters | Anmol Singh Jaggi | 13.90% |
| Puneet Singh Jaggi | 12.17% | |
| Chirag Kotecha | 13.51% | |
| Disha Kotecha | 12.49% | |
| Subtotal (Promoters) | ~52.07% | |
| 🏦 Institutional Investors | 4G Capital, NAV Capital, Sarda Group, Singhvi Heritage, etc. | ~18.20% |
| 💼 Enterprise / Others | (Strategic Investors / Founders’ Trusts) | ~22.40% |
| 🧑💻 Angel Investors | Individual HNIs | ~0.04% |
| 🌐 Public / Others | General public / ESOP | ~7.29% |
| Total | 100.00% | |
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