Ahasolar Technologies Ltd
Incorporated in 2017, Ahasolar Technologies Ltd provides multiple digital solutions and advisory in the field of renewable energy[1]
- Market Cap ₹ 19.3 Cr.
- Current Price ₹ 62.7
- High / Low ₹ 136 / 58.9
- Stock P/E 11.2
- Book Value ₹ 47.3
- Dividend Yield 0.00 %
- ROCE -6.23 %
- ROE -6.70 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Promoter holding is low: 37.0%
- Company has a low return on equity of 2.25% over last 3 years.
- Earnings include an other income of Rs.0.73 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Consumer Services Retailing E-Retail/ E-Commerce
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.18 | 1.29 | 1.88 | 17.30 | 20.87 | 42.04 | 39.00 | 19.66 | |
| 0.01 | 0.18 | 1.27 | 1.77 | 16.19 | 19.08 | 42.16 | 40.10 | 18.16 | |
| Operating Profit | -0.01 | 0.00 | 0.02 | 0.11 | 1.11 | 1.79 | -0.12 | -1.10 | 1.50 |
| OPM % | 0.00% | 1.55% | 5.85% | 6.42% | 8.58% | -0.29% | -2.82% | 7.63% | |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.48 | 0.51 | 0.73 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.08 | 0.09 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.21 | 0.30 | 0.38 | 0.46 |
| Profit before tax | -0.01 | 0.00 | 0.02 | 0.11 | 1.09 | 1.59 | 0.05 | -1.05 | 1.68 |
| Tax % | 0.00% | 0.00% | 27.27% | 27.52% | -0.63% | 20.00% | -2.86% | ||
| -0.01 | 0.01 | 0.02 | 0.08 | 0.79 | 1.60 | 0.04 | -1.02 | 1.73 | |
| EPS in Rs | -100.00 | 10.00 | 20.00 | 80.00 | 790.00 | 7.07 | 0.13 | -3.31 | 5.61 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 98% |
| 3 Years: | 31% |
| TTM: | -62% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 184% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -39% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | 2% |
| Last Year: | -7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 2.26 | 3.08 | 3.08 | 3.08 |
| Reserves | -0.01 | -0.01 | 0.01 | 0.09 | 0.88 | 1.72 | 12.64 | 11.63 | 11.50 |
| 0.01 | 0.01 | 0.23 | 0.24 | 0.58 | 0.00 | 0.00 | 0.71 | 0.07 | |
| 0.01 | 0.09 | 1.14 | 0.51 | 0.95 | 1.23 | 1.71 | 2.80 | 2.58 | |
| Total Liabilities | 0.01 | 0.10 | 1.39 | 0.85 | 2.42 | 5.21 | 17.43 | 18.22 | 17.23 |
| 0.00 | 0.00 | 0.02 | 0.02 | 0.54 | 0.78 | 0.96 | 1.16 | 2.71 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.96 | 2.03 | 6.86 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| 0.01 | 0.10 | 1.37 | 0.83 | 1.88 | 4.43 | 15.51 | 15.02 | 7.65 | |
| Total Assets | 0.01 | 0.10 | 1.39 | 0.85 | 2.42 | 5.21 | 17.43 | 18.22 | 17.23 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| -0.20 | 0.10 | 0.21 | -0.27 | -1.42 | -1.84 | |||
| -0.02 | -0.01 | -0.53 | -0.44 | -7.77 | 2.07 | |||
| 0.22 | 0.01 | 0.34 | 0.92 | 11.69 | 0.63 | |||
| Net Cash Flow | 0.00 | 0.11 | 0.02 | 0.21 | 2.50 | 0.86 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 20.28 | 99.03 | 40.77 | 33.12 | 49.32 | 39.16 | 56.90 | |
| Inventory Days | 60.83 | 0.00 | 0.00 | 0.00 | 0.21 | 0.26 | ||
| Days Payable | 243.33 | 2.36 | 7.93 | |||||
| Cash Conversion Cycle | -162.22 | 99.03 | 40.77 | 33.12 | 49.32 | 37.00 | 49.23 | |
| Working Capital Days | -60.83 | -144.30 | 19.41 | 15.19 | 42.15 | 34.82 | 38.00 | |
| ROCE % | 0.00% | 15.38% | 37.29% | 120.44% | 58.35% | 0.61% | -6.23% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Number of cities being transformed to Solar Cities Number |
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| Own Solar Power Generation Capacity (Installed/Under Construction) MW |
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| Total Employees on roll Number |
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| Cumulative solar installation capacity enabled through AHAsolar Platform MW |
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| Number of ongoing projects in Advisory vertical Number |
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| Number of Solar Installers on AHAsolar Platform Number |
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| Paid software users among Solar Installers Number |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
14 Mar - Received ₹71.73 lakh DPR consultancy work order from GIZ for Sikkim Solar PV projects, 12-month duration.
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Announcement under Regulation 30 (LODR)-Change in Management
5 Mar - Appointed Mr. Dinesh Shah as Independent Additional Director effective 5 March 2026, filling vacancy after Mr. Ashok Patel's death.
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Board Meeting Outcome for Outcome Of Board Meeting Held On 5Th March, 2026
5 Mar - Appointed Mr. Dinesh Shah as Additional Independent Director effective 5 March 2026, filling vacancy after Ashok Patel's death.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
3 Mar - Received Rs.16.40 lakh work order from ArcelorMittal Nippon Steel India for AMNS rooftop feasibility study, six-month term.
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Board Meeting Intimation for Notice Is Hereby Given Pursuant To Regulation 29 Of SEBI (LODR) Reg, 2015 That The Meeting Of The Board Of The Company Is Scheduled To Be Held On Thursday, March 5Th 2026 At The Registered Office Of The Company
24 Feb - Board meeting on 5 March 2026 to appoint Mr. Dinesh Shah as Additional Independent Director.
Annual reports
Concalls
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Aug 2023TranscriptAI SummaryPPT
Business Overview:[1]
a) ASTL is a DPIIT recognised startup for CleanTech enabling Energy Transition through Digital Transformation
b) It is in the business of providing solutions and advisory for solar renewable energy
c) Company has developed an AI based intelligent Solar Digital Platform.
d) It works in Climate Change, Renewable and Digital space