Green Circle Decarbonize Technology Limited (GCDT) AI Stock Analysis
GCDT AI stock analysis summary
AI ResearchGreen Circle Decarbonize Technology Limited (GCDT) designs and manufactures thermal energy storage and phase change material solutions. The company expanded annual revenue from $5.2M in FY2024 to $25.1M in FY2026, delivering a two-year revenue CAGR of 118.7%. However, net income was -$13.1M in FY2026, while the balance sheet retained a net cash position of $28.8M.
- Market cap
- $609,804
- Revenue (TTM)
- $25.1M
- P/E
- —
- 1Y return
- — S&P 500 16.8%
- Avg. target
- —
Bull case
- Revenue expanded at a two-year compound annual growth rate of 118.7%, reaching $25.1M in FY2026.
- The balance sheet carries $36.3M in cash and short-term investments, resulting in net cash of $28.8M.
- Short-term liquidity is supported by a current ratio of 4.22 and total shareholders' equity of $54.5M.
Bear case
- Net income remained unprofitable at -$13.1M in FY2026, generating a trailing twelve months profit margin of -52.3%.
- Cash burn increased in FY2026, with operating cash flow of -$15.5M and free cash flow of -$24.1M.
- Gross margin contracted steadily across three fiscal years, declining from 27.6% in FY2024 to 17.3% in FY2026.
What Green Circle Decarbonize Technology does
Green Circle Decarbonize Technology Limited, through its subsidiary, designs, develops, and manufactures energy saving solutions, operating as a subsidiary of Joyful Star Limited. The company specializes in phase change material thermal energy storage technology. Its offerings include thermal energy storage systems for heating, cooling, and power generation, as well as phase change materials for temporary storage of excess thermal energy in heating, ventilation, air conditioning, and refrigeration applications. It also produces BocaPCM-TES panels, BocaPCM-TES tanks and systems, and automatic control systems.
Growth and profitability
GCDT experienced top-line growth over recent years, with revenue rising from $5.2M in FY2024 to $16.6M in FY2025 and $25.1M in FY2026, reflecting a two-year compound annual growth rate of 118.7%. In the latest quarter ending March 31, 2026, quarterly revenue grew 13.3% year-over-year. Gross margin narrowed from 27.6% in FY2024 to 22.6% in FY2025 and 17.3% in FY2026. Operating margin stood at -27.3% in FY2026, compared to -108.0% in FY2024. Net income was -$7.9M in FY2024, -$6.0M in FY2025, and -$13.1M in FY2026, resulting in a net margin of -52.3% and a trailing twelve months EPS of -$0.95.
Balance sheet and cash flow
As of March 31, 2026, the company held $36.3M in cash and short-term investments alongside total debt of $7.5M, leaving net cash of $28.8M. Liquidity is highlighted by a current ratio of 4.22 and a debt-to-equity ratio of 0.14 against shareholders' equity of $54.5M. FY2026 cash flows were negative, with operating cash flow of -$15.5M and free cash flow of -$24.1M after capital expenditures of $8.6M.
Valuation and performance
GCDT trades at a price-to-sales multiple of 0.0x and an enterprise value to revenue multiple of 1.0x, compared to the median of 1.5x for its US-listed Industrials peers. Its enterprise value to EBITDA ratio is 480.8x, exceeding the peer median of 13.9x, while its price-to-book ratio is 1.0x. For context, the S&P 500 (SPY) returned 16.8% over one year and 83.0% over five years. GCDT shares closed at $0.27 on October 16, 2026, close to their 52-week low of $0.24 and below their 52-week high of $35.10.
What analysts expect
Green Circle Decarbonize Technology Limited has no Wall Street analyst rating counts, consensus price targets, or earnings estimates listed following its 2026 initial public offering. The company has no earnings track record beats or upcoming earnings release dates reported. Shares last closed at $0.27 on October 16, 2026, within a 52-week range of $0.24 to $35.10, representing an equity market capitalization of $609,804.
Key risks and what to watch
- Short interest accounts for 76.5% of the float, creating elevated trading volatility risk.
- Insider ownership stands at 88.4%, while institutional ownership is limited to 1.9%.
- Negative free cash flow of -$24.1M in FY2026 poses ongoing pressure on the cash reserve of $36.3M.
- The stock price of $0.27 sits near its 52-week low of $0.24, having dropped from a 52-week high of $35.10.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this GCDT AI stock analysis
This page is an AI-written research summary of Green Circle Decarbonize Technology Limited (GCDT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: GCDT income statement, GCDT balance sheet, GCDT key metrics, GCDT chart. See the GCDT stock overview for the latest quote and news.
GCDT AI stock analysis FAQ
Does Green Circle Decarbonize Technology Limited pay a dividend?
No, Green Circle Decarbonize Technology Limited does not pay a dividend and has no dividend yield recorded.
What is GCDT's cash and debt position?
As of March 31, 2026, GCDT held $36.3M in cash and short-term investments and $7.5M in total debt, yielding net cash of $28.8M.
How fast is GCDT growing revenue?
GCDT generated revenue of $25.1M in FY2026, which represents annual growth of 51.1% and a two-year revenue CAGR of 118.7% from FY2024.
Who controls Green Circle Decarbonize Technology Limited?
Insiders own 88.4% of the shares, and the company operates as a subsidiary of Joyful Star Limited, with institutions holding 1.9%.