Green Circle Decarbonize Technology Limited — Cyborg Score 4/10
Mixed
Phase change thermal energy storage systems
Strategic Profile
The company closed its IPO in January 2026, selling 2,500,000 shares at $4.00 per share for gross proceeds of approximately $10,000,000. In fiscal year 2025, GCDT's revenue was $16.57 million, an increase of 216.53% compared to the previous year's $5.24 million, demonstrating rapid growth in the thermal energy storage sector.
Cyborg Score Rationale
Recent revenue growth of 216% (FY2025) is impressive, but the company operates at a loss ($5.98M in FY2025) with a micro-cap market position (~$8.9M market cap as of June 2026). IPO capital in January 2026 supports expansion, but stock volatility (52-week range $0.59–$5.85) reflects execution risk.
Top Insights
(January 2026) Completed $10M IPO on NYSE American, raising capital for factory expansion and equipment acquisition
(FY2025) Revenue grew 216% year-over-year to $16.57M, signaling market traction in energy-saving solutions
Operates through Hong Kong subsidiary Boca International Limited with proprietary PCM-TES technology for HVAC and refrigeration
Stock experienced significant volatility post-IPO, trading between $0.59–$5.85 over 52 weeks, reflecting early-stage public company dynamics
Named Competitors
Thermal Energy Storage Systems — Competing thermal energy storage solutions provider
Advanced HVAC Solutions — Major HVAC and thermal systems manufacturer
Phase Change Material Systems — PCM technology for building and industrial applications
Recent Developments
(January 2026) Closed $10M IPO at $4.00/share with underwriter over-allotment option
(February 2026) Announced closing of underwriter's over-allotment option
(FY2025) Achieved $16.57M revenue (+216% YoY) while reducing losses by 24.49%
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