Saatvik Green Energy Limited share price
Saatvik Green Energy Limited manufactures and sells solar photovoltaic modules in India and internationally. The company offers mono PERC and N-topcon modules; inverters; SuryaConnect Solar Kit, a pre-engineered turnkey solar kit; transformers; and solar cell technology products. It also provides solar pumps, such as solar submersible and surface pumps and controllers; and engineering, procurement, and construction services. In addition, the company offers residential rooftop, commercial rooftop, institutional rooftop, ground mounted, floating solar, and carport services; and battery energy storage system services. Saatvik Green Energy Limited was incorporated in 2015 and is based in Gurugr…Read more
- Market Cap₹ 5,043 Cr.
- Current Price₹ 396.75
- High / Low₹ 552 / 328
- Stock P/E29.4
- Book Value₹ 114
- Dividend Yield0.00 %
- ROCE30.8 %
- ROE42.00 %
- Face Value₹ 2.0
More figures (10)
- EPS (TTM)₹ 13.51
- Price / Book3.49
- OPM12.1 %
- Debt / Equity0.69
- Sales growth (4Y)95.5 %
- Profit growth (4Y)322.3 %
- Promoter holding84.8 %
- EV / EBITDA13.4
- Beta—
- All-time high₹ 567
Price chart
| Returns | 1M | 3M | 6M | YTD | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| SAATVIKGL | -3.99% | -14.98% | -15.76% | +5.41% | -25.09% | — | — |
| Nifty 50 | -0.31% | -3.85% | -4.34% | -11.42% | -9.53% | +5.46% | +4.76% |
Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.
Quick take
- Saatvik Green Energy Limited is in the Solar industry (Technology), with a market value of ₹5,043 crore.
- It trades at 29.4 times its last 12 months' earnings and 3.5 times book value.
- Revenue grew 95.5% a year over the last 4 years, profit 322.3% a year.
- Return on equity was 42.0% and return on capital employed 30.8% in the latest year.
- Debt was 0.69 times shareholders' equity.
- The share price is 28.1% below its 52-week high and down 25.1% over one year.
- Promoters and insiders hold about 84.8%; institutions about 10.8%.
Pros
AI- Strong return on equity: 92.9% on average over the last 3 years.
- Promoters hold a large stake of 75.99%.
Cons
AI- Latest quarter (Jun 2026): profit fell 95% from a year ago.
- The company has not paid a dividend recently.
Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.
AI analysis
Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.
About Saatvik Green Energy Limited
Saatvik Green Energy Limited manufactures and sells solar photovoltaic modules in India and internationally. The company offers mono PERC and N-topcon modules; inverters; SuryaConnect Solar Kit, a pre-engineered turnkey solar kit; transformers; and solar cell technology products. It also provides solar pumps, such as solar submersible and surface pumps and controllers; and engineering, procurement, and construction services. In addition, the company offers residential rooftop, commercial rooftop, institutional rooftop, ground mounted, floating solar, and carport services; and battery energy storage system services. Saatvik Green Energy Limited was incorporated in 2015 and is based in Gurugram, India.
- Employees
- 722
- Head office
- Gurugram
Peer comparison
TechnologySolar
| S.No. | Company | CMP ₹ | P/E | Mar Cap ₹ Cr | Div Yld % | NP Qtr ₹ Cr | Qtr Profit Var % | Sales Qtr ₹ Cr | Qtr Sales Var % | ROCE % | ROE % | P/B | OPM % | Debt / Eq | Prom. Hold. % | Sales ₹ Cr | Sales Var 3Yrs % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Saatvik Green Energy | 396.75 | 29.4 | 5,043 | 0.00 | 5 | -95.49 | 511 | -44.20 | 30.8 | 42.0 | 3.49 | 12.1 | 0.69 | 84.77 | 4,548 | 95.5 |
| 2. | Waaree Energies | 2,565.40 | 19.4 | 73,794 | 0.16 | 850 | 37.37 | 7,932 | 98.10 | 30.1 | 31.0 | 5.11 | 19.1 | 0.26 | 68.15 | 25,955 | 57.8 |
| 3. | Premier Energies | 901.05 | 24.2 | 40,687 | 0.08 | 472 | 53.32 | 2,463 | 35.25 | 27.4 | 42.4 | 9.42 | 25.2 | 0.86 | 67.42 | 7,824 | 76.2 |
| 4. | Emmvee Photovoltaic Power | 277.20 | 13.3 | 19,192 | 0.35 | 380 | 102.63 | 1,556 | 51.34 | 34.5 | 51.1 | 4.37 | 29.8 | 0.10 | 80.03 | 5,034 | 102.7 |
| 5. | Fujiyama Power Systems | 394.90 | 40.1 | 12,120 | 0.00 | 58 | — | 1,346 | — | 28.9 | 36.4 | 9.21 | 17.1 | 0.41 | 87.74 | 2,647 | 58.7 |
| 6. | Borosil Renewables | 428.50 | 15.7 | 6,307 | 0.00 | 87 | — | 406 | 17.06 | 9.5 | 10.3 | 3.97 | 22.9 | 0.11 | 57.84 | 1,549 | 20.2 |
| 7. | Vikram Solar | 144.00 | 14.3 | 5,218 | 0.00 | 20 | -85.17 | 1,563 | 37.89 | 20.5 | 21.3 | 1.65 | 16.6 | 0.20 | 64.85 | 4,802 | 32.3 |
| 8. | Sterling and Wilson Renewable Energy | 165.47 | — | 3,864 | 0.00 | 54 | -2.09 | 1,590 | -36.88 | -10.5 | -37.4 | 5.95 | 4.8 | 1.83 | 46.73 | 7,546 | 55.3 |
| 9. | Ravindra Energy | 141.22 | 52.3 | 2,804 | 0.00 | 2 | -92.82 | 120 | -26.24 | 10.5 | 19.0 | 5.94 | 18.2 | 1.35 | 69.27 | 543 | 30.6 |
| 10. | Ujaas Energy | 189.33 | 1,893.3 | 2,526 | 0.00 | 3 | 30.76 | 3 | 14.50 | 5.5 | 3.6 | 28.48 | -23.8 | 0.27 | 98.58 | 17 | -17.7 |
| Median: 13 Co. | 336.05 | 21.8 | 5,043 | 0.00 | 56 | 14.33 | 1,451 | 17.06 | 24.0 | 28.3 | 4.37 | 17.1 | 0.34 | 68.71 | 4,675 | 56.6 |
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Quarterly Results
Consolidated figures in ₹ croreStandalone figures in ₹ crore /
Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.
Profit & Loss
Consolidated figures in ₹ croreStandalone figures in ₹ crore /
Projection — your assumptions
Starts from the last four reported quarters (TTM) and applies the figures you enter; growth is pre-filled with the company's own past sales growth. This is a what-if calculator for illustration, not a forecast, estimate or recommendation.
Related party transactions
Related-party transactions are dealings with promoters, directors, subsidiaries and associates. Companies disclose them to the exchanges every half-year and in detail in the notes to their annual report.
No separate related-party filing among the recent announcements of the company.
Full details: notes to the Financial Year 2026 annual report (related party disclosures).
| ₹ Cr | Mar 2026 | TTM |
|---|---|---|
| Sales | 4,548 | 4,144 |
| 4,007 | 3,741 | |
| Material Cost % | 78% | 80% |
| Employee Cost % | 3% | 3% |
| Other Expenses % | 8% | 8% |
| Operating Profit | 542 | 403 |
| OPM % | 12% | 10% |
| 40 | 44 | |
| Exceptional items | -4 | -4 |
| Interest | 71 | 74 |
| Depreciation | 64 | 65 |
| Profit before tax | 442 | 304 |
| 19% | 19% | |
| Current tax | 92 | |
| Deferred tax | -8 | |
| 357 | 248 | |
| Minority share | -0 | -0 |
| Profit to shareholders | 357 | 248 |
| EPS in Rs | 29.83 | 21.30 |
Compounded Sales Growth
- TTM:
- -9%
Compounded Profit Growth
- TTM:
- -31%
Stock Price CAGR
- 1 Year:
- -25%
Return on Equity
- 4 Years:
- 76%
- Last Year:
- 42%
| ₹ Cr | Mar 2026 | TTM |
|---|---|---|
| Sales | 2,262 | 2,218 |
| 2,247 | 2,213 | |
| Material Cost % | 90% | 91% |
| Employee Cost % | 3% | 3% |
| Other Expenses % | 6% | 6% |
| Operating Profit | 15 | 4 |
| OPM % | 1% | 0% |
| 116 | 124 | |
| Exceptional items | -4 | -4 |
| Interest | 25 | 23 |
| Depreciation | 17 | 18 |
| Profit before tax | 85 | 84 |
| 27% | 26% | |
| Current tax | 25 | |
| Deferred tax | -2 | |
| Net Profit | 62 | 62 |
| EPS in Rs | 5.20 | 5.21 |
Compounded Sales Growth
- TTM:
- -2%
Compounded Profit Growth
- TTM:
- -2%
Stock Price CAGR
- 1 Year:
- -25%
Return on Equity
- 4 Years:
- 76%
- Last Year:
- 42%
Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.
Balance Sheet
Consolidated figures in ₹ crore, as at 31 March
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 3 | 3 | 22 | 25 |
| Reserves | 17 | 117 | 318 | 1,336 |
| 153 | 280 | 503 | 939 | |
| Long term borrowings | 32 | 67 | 125 | 211 |
| Short term borrowings | 113 | 196 | 333 | 670 |
| 90 | 288 | 795 | 814 | |
| Trade payables | 67 | 184 | 559 | 580 |
| Minority interest | 0 | -0 | ||
| Current liabilities | 193 | 460 | 1,102 | 1,451 |
| Total Liabilities | 263 | 688 | 1,639 | 3,115 |
| 50 | 150 | 356 | 1,021 | |
| Gross block | 59 | 167 | 403 | 1,127 |
| Accumulated depreciation | 9 | 17 | 47 | 106 |
| Goodwill & intangibles | 0 | 0 | ||
| CWIP | 33 | 37 | 570 | |
| 213 | 505 | 1,246 | 1,524 | |
| Inventories | 132 | 220 | 654 | 702 |
| Trade receivables | 21 | 177 | 400 | 699 |
| Cash & equivalents | 12 | 12 | 5 | 27 |
| Current assets | 206 | 508 | 1,265 | 2,074 |
| Total Assets | 263 | 688 | 1,639 | 3,115 |
Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.
Cash Flows
Consolidated figures in ₹ crore, financial years ending March
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5 | 44 | 43 | -27 | |
| Profit for the year | 5 | 100 | 217 | 357 |
| Working capital changes | -8 | -102 | -235 | -452 |
| Direct taxes paid | -4 | -16 | -57 | -119 |
| -24 | -69 | -198 | -896 | |
| Fixed assets purchased | -24 | -60 | -187 | -601 |
| Fixed assets sold | 0 | 1 | 0 | |
| Investments purchased | -15 | -32 | -304 | |
| Investments sold | 0 | 0 | 25 | |
| 32 | 25 | 149 | 946 | |
| Proceeds from borrowings | 142 | |||
| Repayment of borrowings | -102 | |||
| Interest paid | -8 | -12 | -40 | -59 |
| Net Cash Flow | 13 | -1 | -7 | 23 |
| Free Cash Flow | -19 | -17 | -145 | -628 |
Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.
Ratios
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| ROE | — | 23.4% | 142.5% | 94.2% | 42.0% |
| ROCE | — | 24.8% | 64.1% | 61.1% | 30.8% |
| Operating margin | — | 3.7% | 13.7% | 16.0% | 12.1% |
| Net margin | — | 0.8% | 9.2% | 10.1% | 7.9% |
| Debt / equity | — | 7.55 | 2.32 | 1.47 | 0.69 |
| Current ratio | — | 1.07 | 1.11 | 1.15 | 1.43 |
| Debtor days | — | 13 | 59 | 68 | 56 |
| Inventory days | — | 89 | 97 | 149 | 72 |
| Days payable | — | 45 | 81 | 127 | 59 |
| Cash conversion cycle | — | 57 | 75 | 90 | 69 |
| Working capital days | — | 8 | 16 | 28 | 50 |
Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.
Shareholding Pattern
Numbers in percentages · as filed with NSE each quarter
- Promoters 75.99%
- FIIs 0.19%
- DIIs 10.97%
- Public 12.84%
| % | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Promoters | 75.99% | 75.99% | 75.99% | 75.99% |
| 0.46% | 0.25% | 0.03% | 0.19% | |
| Foreign portfolio investors (Cat. I) | 0.46% | 0.25% | 0.03% | 0.12% |
| Foreign portfolio investors (Cat. II) | 0.07% | |||
| 8.05% | 9.35% | 10.52% | 10.97% | |
| Mutual funds | 6.67% | 8.94% | 10.10% | 10.48% |
| Insurance companies | 0.17% | 0.20% | 0.21% | 0.32% |
| Alternative investment funds | 1.17% | 0.21% | 0.21% | 0.17% |
| 15.50% | 14.41% | 13.45% | 12.84% | |
| Retail (up to ₹2 lakh) | 5.77% | 4.68% | 3.87% | 3.27% |
| HNIs (above ₹2 lakh) | 0.40% | 0.31% | 0.31% | |
| NRIs | 0.03% | 0.12% | 0.11% | 0.10% |
| Bodies corporate | 0.44% | 0.23% | 0.21% | 0.24% |
| No. of Shareholders | 1,71,559 | 83,335 | 78,073 | 69,254 |
Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.
Mutual funds & institutions holding Saatvik Green Energy
| Holder (above 1%) | Stake |
|---|---|
| Nippon Life India Trustee Ltd-A/C Nippon Power & IMutual fund | 4.19% |
| BANDHAN Small Cap FundMutual fund | 3.26% |
| HDFC Manufacturing FundMutual fund | 2.10% |
As named in the shareholding pattern for Jun 2026 filed with NSE; mutual funds together hold 10.48% of the company. Shareholders below 1% are not named in the filing.
Documents
Announcements
- Awarding of order(s)/contract(s)Saatvik Green Energy Limited has informed the Exchange about Awarding of order(s)/contract(s)10-Oct-2026
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Saatvik Green Energy Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 201808-Oct-2026
- UpdatesSaatvik Green Energy Limited has informed the Exchange regarding 'Intimation regarding Conversion of Subsidiary Company from Private Limited to Public Limited pursuant to Regulati…28-Sep-2026
- Trading WindowSaatvik Green Energy Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 201525-Sep-2026
- Shareholders meetingVoting Results along with Scrutinizer's Report24-Sep-2026
- Shareholders meetingSaatvik Green Energy Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 24, 2026. Further, the company has informed the Excha…24-Sep-2026
- Shareholders meetingSaatvik Green Energy Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 24, 202624-Sep-2026
- UpdatesSaatvik Green Energy Limited has informed the Exchange regarding 'Announcement under Regulation 30 of SEBI (LODR) 2015 - Press Release'.16-Sep-2026
- Awarding of order(s)/contract(s)Saatvik Green Energy Limited has informed the Exchange about Awarding of order(s)/contract(s)15-Sep-2026
- UpdatesSaatvik Green Energy Limited has informed the Exchange regarding 'Intimation of name change of Subsidiary Company pursuant to Regulation 30 of SEBI (Listing Obligations and Disclo…08-Sep-2026
- General UpdatesSaatvik Green Energy Limited has informed the Exchange about General Updates03-Sep-2026
- Bagging/Receiving of orders/contractsSaatvik Green Energy Limited has informed the Exchange about Bagging/Receiving of orders/contracts03-Sep-2026
Concalls & investor meets
- Analysts/Institutional Investor Meet/Con. Call UpdatesSaatvik Green Energy Limited has informed the Exchange about Transcript18-Aug-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesSaatvik Green Energy Limited has informed the Exchange about Link of Recording15-Aug-2026
- Investor PresentationSaatvik Green Energy Limited has informed the Exchange about Investor Presentation14-Aug-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesSaatvik Green Energy Limited has informed the Exchange about Schedule of meet10-Aug-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesSaatvik Green Energy Limited has informed the Exchange about Transcript25-May-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesSaatvik Green Energy Limited has informed the Exchange about Link of Recording21-May-2026
- Investor PresentationSaatvik Green Energy Limited has informed the Exchange about Investor Presentation20-May-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesSaatvik Green Energy Limited has informed the Exchange about Schedule of meet19-May-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesSaatvik Green Energy Limited has informed the Exchange about Schedule of meet16-May-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesSaatvik Green Energy Limited has informed the Exchange about Schedule of meet16-Feb-2026
Filings made by the company with NSE; documents open on NSE's website.
Key dates
- Ex-dividend date
- 1 Jan 1970
- Latest quarter
- 30 Jun 2026
- Financial year end
- 31 Mar 2026
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Latest news
From the company (NSE)
- Awarding of order(s)/contract(s)Saatvik Green Energy Limited has informed the Exchange about Awarding of order(s)/contract(s)NSE filing · 10-Oct-2026
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Saatvik Green Energy Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018NSE filing · 08-Oct-2026
- UpdatesSaatvik Green Energy Limited has informed the Exchange regarding 'Intimation regarding Conversion of Subsidiary Company from Private Limited to Public Limited pursuant to Regulati…NSE filing · 28-Sep-2026
- Trading WindowSaatvik Green Energy Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015NSE filing · 25-Sep-2026
- Shareholders meetingVoting Results along with Scrutinizer's ReportNSE filing · 24-Sep-2026
- Shareholders meetingSaatvik Green Energy Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 24, 2026. Further, the company has informed the Excha…NSE filing · 24-Sep-2026
- Shareholders meetingSaatvik Green Energy Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 24, 2026NSE filing · 24-Sep-2026
- UpdatesSaatvik Green Energy Limited has informed the Exchange regarding 'Announcement under Regulation 30 of SEBI (LODR) 2015 - Press Release'.NSE filing · 16-Sep-2026
Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.
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