Matrix Gas And Renewables Limited

Matrix Gas And Renewables Limited

₹2.780.00%
As on 3rd Nov 2026 · market open
Industry: manufacturingSector: infrastructureDepository: NSDL, CDSL
DRHP Filed: No

Indicative price history

▼ ₹0.16(-5.44%)over 1 W

Indicative levels compiled by our team for information only — not a price feed, quote, or offer to deal.

52W Low ₹2.781Y Return -87.9%52W High ₹25.00
Key Indicators
Current Share Price
₹2.78
Unlisted market
Face Value / Share
₹10.00
Latest
Book Value / Share
₹160.00
Latest
Price to Earning (PE)
0.10
TTM basis
Price / Sales
0.00
TTM revenue
Price / Book
0.00
Book value basis
Outstanding Shares
2.64 Cr
Latest
Market Cap
₹7.00 Cr
At current price
Debt / Equity
0.30
Latest
Dividend / Share
-
Declared
Dividend %
-
Yield
Return on Total Assets
7%
RoA
Return on Equity
9%
RoE
Working Capital Return
10%
RoWC

About Matrix Gas And Renewables Limited

Matrix Gas and Renewables is a company from Ahmedabad, Gujarat. It started in 2018 under another name, Gensol Renewables, and first worked on solar projects. In 2022, it changed its name to Matrix Gas and Renewables and moved to a line of work i.e., natural gas aggregation.

The company does not produce gas or own big gas fields. It finds gas from different sources and sells it to factories and city gas companies. Its buyers include makers of ceramics, steel, glass, fertiliser, and chemicals. Think of it as a middleman that connects gas sellers with buyers. It has sold to customers in states like Gujarat, Maharashtra, Rajasthan and Punjab.

The business grew fast. In 2023, it earned about Rs. 490 cr and made a profit of about Rs. 32 cr. In 2024, sales reached around Rs. 614 cr. One big weakness was that a few customers gave almost all of their income, so losing one could hurt badly. The company also dreamed of green hydrogen, a clean fuel. Along with Gensol Engineering, it won projects in 2024, including a green hydrogen valley in Pune. In March 2024, it raised Rs. 350 cr from investors, and it planned a big public share sale. That sale never happened.

The founders, Anmol Singh Jaggi and Puneet Singh Jaggi, also ran Gensol Engineering and the cab company BluSmart. In April 2025, India’s market regulator SEBI accused Gensol of misusing funds and barred the brothers from the market. The group’s accounts were frozen, and Gensol went into insolvency. Matrix Gas said these freezes stopped its daily work. In February 2026, insolvency proceedings were started against Matrix Gas itself on an application by ICICI Bank. A court-appointed professional now runs the company.

Matrix Gas grew rapidly between 2022 and 2024, according to public reports. Then its parent group, Gensol, ran into trouble with the regulator and went into insolvency. In February 2026, Matrix Gas itself was also pulled into insolvency.

SectorManufacturing · Infrastructure
ISININE0PO201010
Face Value₹10
DepositoryNSDL, CDSL
RTAlink intime
HQ15th Floor, A Block, Westgate Business Bay, S G Road,Jivraj Park, Ahmadabad City - 380051, Gujarat

Financial Performance

Consolidated figures in ₹ Crore, from annual reports and public filings.

IndicatorsFY24FY23FY22FY21
Revenue614.3490.30.10.0
Expense561.1444.30.40.0
EBITDA53.246.0-0.30.0
Other Cost3.13.20.00.0
PBT50.142.8-0.30.0
Tax Expense12.910.8-0.10.0
PAT37.232.0-0.20.0
Other Inc./Exp.0.00.00.00.0
Net Income37.232.0-0.20.0
Shares O/S2.641.500.000.00
EPS (₹)20.8021.30-198.501.40
Rev. Growth %25.3%490200.0%——
EBITDA Mgn %8.7%9.4%-300.0%—
Net Mgn %6.1%6.5%-200.0%—
EPS Growth-2.3%-110.7%-14278.6%—

Financials are as published on stockify.net.in and compiled from public filings. Refer to the audited annual report for exact figures.

Corporate Profile

Registered details, management and downloadable documents.

ISININE0PO201010
PANAAHCG2065R
Address15th Floor, A Block, Westgate Business Bay, S G Road,Jivraj Park, Ahmadabad City - 380051, Gujarat
RTAlink intime

Frequently Asked Questions

How to buy Matrix Gas and Renewables Limited unlisted shares?+

You can easily buy Matrix Gas and Renewables unlisted shares with Stockify. Just follow these steps.

  1. Send your Client Master List (CML) to us through WhatsApp or email to admin@stockifyfintech.com.

  2. Once your transaction is final, the invoice will be sent to your registered e-mail address.

  3. Pay the agreed amount to the Stockify bank account mentioned in the invoice.

  4. You can pay through RTGS, NEFT, IMPS, or a cheque transfer.

  5. On payment confirmation, your shares will be transferred to your demat account within 24 hours.

Place your buy order here, and our team will contact you within 30 minutes.

How to sell Matrix Gas and Renewables Limited unlisted shares?+

You can easily sell Matrix Gas and Renewables Unlisted Shares through Stockify. Here’s how:

  1. Stockify will send you the Demat Client Master List (CML) by email.

  1. Share your KYC details, including CML, PAN, and a cancelled cheque.

  1. Have your shares transferred to Stockify's demat account.

  2. We will transfer money to your bank account.

Place your sell order here, and our team will contact you within 30 minutes.

What is the lock-in period of Matrix Gas and Renewables Limited unlisted shares?+

Matrix Gas and Renewables Unlisted shares lock-in period changes by investor category. As per SEBI rules, you can sell you pre ipo shareholding for 6 months from ipo listing date. But there are some exceptions to this. With categories like venture capital funds, FVCIs, and Category II AIFs getting some exemptions. Investors should research independently before trading in unlisted shares.

Is buying Matrix Gas and Renewables Limited unlisted shares legal in India?+

It is completely legal to buy Matrix Gas and Renewables unlisted shares in India through different online platforms, wealth managers, or brokers. They help with over-the-counter (OTC) transactions. Just make sure that you follow all the relevant laws and regulations by SEBI, the Securities Contracts Regulation Act, and the Companies Act, 2013.

Note: Check the Client Master List, share ownership and transfer documents, and then deal with a trusted broker. If you want to buy Matrix Gas unlisted shares, get in touch with our team at +91-8042453560.

How are short-term and long-term capital gains taxed on Matrix Gas and Renewables Limited unlisted shares?+

Capital gains on Matrix Gas and Renewables Unlisted shares will be taxed differently for short-term and long-term gains. 

  • For unlisted shares sold within 24 months of holding them, they will come under short-term capital gains (STCG) and be taxed as normal income.

  • For unlisted shares sold after 24 months of holding them, the gains will be long-term capital gains and taxed at 12.5% without any indexation benefit.

Some important points to note:

  • You can offset a short-term loss against both short-term and long-term capital gains, and any loss that remains after that can be carried forward for 8 years, provided that you file your income tax return on time.

  •  A long-term capital loss can be set off only against long-term gains, and any remaining loss can be carried forward for 8 years. This benefit is available as long as you file your return on time.

  • The taxation rate for long-term capital gains (LTCG) was cut from 20% with indexation to 12.5% without indexation, effective 23 July 2024. This continues unchanged into FY 2026-27.

  • LTCG from unlisted shares is fully taxable. The Rs.1.25 lakh exemption limit applies only to listed shares.

No recent change: The 2026 budget had no changes in rates or holding periods for unlisted shares. If you want to know how taxation applies to your unlisted share investment, contact our experts at Stockify with this number +91-8042453560.

How is DIS (Delivery Instruction Slip) used to sell Matrix Gas and Renewables Limited unlisted shares?+

A Delivery Instruction Slip (DIS) is used by the Demat holder to inform the broker or bank to transfer a security from their account. 

Here is how DIS was used:

  1. Enter the ISIN, number of shares, and the details of Stockify's demat account in the DIS. We will send you our details in an email.

  2. Sign the slip and hand it to your Depository Participant (DP). If your DP offers an option to transfer funds online, you can follow the same instructions online.

  3. Once the shares have been credited to your Stockify demat account, we will transfer the sale proceeds to your bank account.

Important: Make sure you only use the demat account details provided by our team to prevent any delays.

What are the risks of investing in Matrix Gas and Renewables Limited unlisted shares?+

Unlisted shares like Matrix Gas and Renewables carry risks you should understand before investing.

  1. Market Liquidity
    Unlike listed shares, unlisted shares are not traded actively. Selling your share to a buyer at market price may take time, increasing the risk of your investment getting stuck, or you will be compelled to sell at a lower price.

  2. Price Fluctuations
    Unlike listed shares, unlisted shares may not be available every time. This limited availability sometimes creates heavy fluctuations in the market value of unlisted shares.

  1. Regulatory risk
    Unlisted shares are traded privately and don't fall under the compliance of any stock exchange like BSE or NSE. An unauthorised platform creates the risk of fraud, failed delivery, or lack of settlement guarantees. There is no formal grievance redressal or dispute resolution in the unlisted market.

  2. Limited Information
    Public companies have strict information and disclosure requirements. But there is no such need for unlisted shares. They don't need to disclose quarterly financial statements. operational changes, or shareholding patterns, which are usually done by publicly listed companies. This reduces diligence and trust in investors' research, increasing the risk before making investment decisions.

Make sure to carry out your independent research or consult a SEBI-registered financial advisor before investing in unlisted shares.

Has Matrix Gas and Renewables Limited filed for an IPO?+

In July 2023, Matrix Gas & Renewable filed a DRHP on NSE Emerge, an exchange platform for smaller companies, to sell 56 lakh new shares. But the company dropped that plan in early 2024. In October 2024, news reports said it was considering a larger IPO of around Rs. 1,200 crore, but there is no sign it ever happened. Even today, the company is not listed on any stock exchange

What does Matrix Gas and Renewables Limited do?+

Matrix Gas works as a middleman in the natural gas business. It does not dig out or produce gas. It buys gas from different sources and sells it to factories and city gas companies, such as makers of steel, glass, ceramics, and fertiliser. It also had plans for green hydrogen and solar power, but most of its money came from selling gas.

Why has the share price of Matrix Gas and Renewables Limited fallen?+

The primary Matrix Gas and renewable share price fall is due to insolvency.

  • In April 2025, SEBI took action against its parent group, Gensol, over alleged misuse of funds. The group’s bank accounts were frozen, and Matrix Gas said this disrupted its daily work.

  • Gensol then went into insolvency.

  • In February 2026, Matrix Gas itself was taken into insolvency after a case filed by ICICI Bank.

In insolvency, shareholders are paid last and often get little or nothing, so buyers might stay away and prices fall. The company is unlisted, so there is no official price. The rates you see online come from the grey market, which often changes.

Who are the promoters of Matrix Gas and Renewables Limited?+

The company is controlled by four promoters. Two are the Jaggi brothers, and two are the Kotecha couple.

Promoter

Share in the company

Anmol Singh Jaggi

24.50%

Puneet Singh Jaggi

23.90%

Disha C Kotecha

22.00%

Chirag N Kotecha

22.00%

How long does it take to credit Matrix Gas and Renewables Limited unlisted shares to a demat account?+
  1. Once we have confirmed your payment, we will transfer the shares to your demat account.

  2. Our average settlement time is 6 to 8 hours.

  3. You can verify the credit in your NSDL or CDSL demat account.

What is the minimum investment for Matrix Gas and Renewables Limited unlisted shares?+

The minimum investment for Matrix Gas and Renewables unlisted shares is Rs 1 lakh. Get in touch with our team to ask about the current price and lot size.

Where can I get the best Matrix Gas and Renewables Limited unlisted share price?+

You can get the best Matrix Gas and Renewables Limited unlisted share price at Stockify. We update the boAt unlisted share price daily on our website and price charts. Check our website to know more.


Matrix Gas And Renewables Limited · Unlisted
₹2.78