Ahasolar Technologies Ltd
Incorporated in 2017, Ahasolar Technologies Ltd provides multiple digital solutions and advisory in the field of renewable energy[1]
- Market Cap ₹ 23.5 Cr.
- Current Price ₹ 76.4
- High / Low ₹ 136 / 58.9
- Stock P/E 138
- Book Value ₹ 48.3
- Dividend Yield 0.00 %
- ROCE 2.17 %
- ROE 1.15 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Promoter holding is low: 37.0%
- Company has a low return on equity of -2.03% over last 3 years.
- Debtor days have increased from 76.1 to 132 days.
- Working capital days have increased from 63.5 days to 118 days
* 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.18 | 1.29 | 1.88 | 17.30 | 20.87 | 42.04 | 39.00 | 10.99 | |
| 0.01 | 0.18 | 1.27 | 1.77 | 16.19 | 19.08 | 42.16 | 40.10 | 10.60 | |
| Operating Profit | -0.01 | 0.00 | 0.02 | 0.11 | 1.11 | 1.79 | -0.12 | -1.10 | 0.39 |
| OPM % | 0.00% | 1.55% | 5.85% | 6.42% | 8.58% | -0.29% | -2.82% | 3.55% | |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.48 | 0.51 | 0.28 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.08 | 0.05 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.21 | 0.30 | 0.38 | 0.34 |
| Profit before tax | -0.01 | 0.00 | 0.02 | 0.11 | 1.09 | 1.59 | 0.05 | -1.05 | 0.28 |
| Tax % | 0.00% | 0.00% | 27.27% | 27.52% | -0.63% | 20.00% | -2.86% | 42.86% | |
| -0.01 | 0.01 | 0.02 | 0.08 | 0.79 | 1.60 | 0.04 | -1.02 | 0.17 | |
| EPS in Rs | -100.00 | 10.00 | 20.00 | 80.00 | 790.00 | 7.07 | 0.13 | -3.31 | 0.55 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 42% |
| 3 Years: | -19% |
| TTM: | -72% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | -53% |
| TTM: | 117% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -31% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | -2% |
| Last Year: | 1% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 11.80 |
| 0.01 | 0.01 | 0.23 | 0.24 | 0.58 | 0.00 | 0.00 | 0.71 | 0.06 | |
| 0.01 | 0.09 | 1.14 | 0.51 | 0.95 | 1.23 | 1.71 | 2.80 | 2.70 | |
| Total Liabilities | 0.01 | 0.10 | 1.39 | 0.85 | 2.42 | 5.21 | 17.43 | 18.22 | 17.64 |
| 0.00 | 0.00 | 0.02 | 0.02 | 0.54 | 0.78 | 0.96 | 1.16 | 2.73 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.96 | 2.03 | 6.90 |
| 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 | 8.00 | |
| Total Assets | 0.01 | 0.10 | 1.39 | 0.85 | 2.42 | 5.21 | 17.43 | 18.22 | 17.64 |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| -0.20 | 0.10 | 0.21 | -0.27 | -1.42 | -1.84 | 1.74 | |||
| -0.02 | -0.01 | -0.53 | -0.44 | -7.77 | 2.07 | -4.02 | |||
| 0.22 | 0.01 | 0.34 | 0.92 | 11.69 | 0.63 | -0.70 | |||
| Net Cash Flow | 0.00 | 0.11 | 0.02 | 0.21 | 2.50 | 0.86 | -2.97 | ||
| Free Cash Flow | -0.22 | 0.09 | -0.33 | -0.72 | -2.86 | -3.49 | -5.04 | ||
| CFO/OP | -1,000% | 91% | 44% | 11% | 1,000% | 143% | 492% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 20.28 | 99.03 | 40.77 | 33.12 | 49.32 | 39.16 | 56.90 | 132.18 | |
| Inventory Days | 60.83 | 0.00 | 0.00 | 0.00 | 0.21 | 0.26 | 4.15 | ||
| Days Payable | 243.33 | 2.36 | 7.93 | 138.95 | |||||
| Cash Conversion Cycle | -162.22 | 99.03 | 40.77 | 33.12 | 49.32 | 37.00 | 49.23 | -2.62 | |
| Working Capital Days | -60.83 | -144.30 | 19.41 | 15.19 | 42.15 | 34.82 | 38.00 | 117.57 | |
| ROCE % | 0.00% | 15.38% | 37.29% | 120.44% | 58.35% | 0.61% | -6.23% | 2.17% |
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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Extracted by Screener AI
Documents
Announcements
- Results For The Financial Year Ended 31.03.2026 29 May
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Statement Of Deviation(S) Or Variation(S) In Use Of Public Issue (IPO) Proceeds For The Period Ended March 31, 2026
29 May - No deviation in IPO proceeds use for half year ended March 31, 2026; Audit Committee reviewed May 28.
- Audited Financial Results For The Half Year And Financial Year Ended March 31, 2026 Together With The Auditor'S Report Thereon By The Statutory Auditor Of The Company As Per Regulation 33 Of The SEBI (LODR) Regulations, 2015 28 May
-
Board Meeting Outcome for Outcome Of Board Meeting Held On 28Th May, 2026
28 May - Board approved FY26 audited results and appointed internal and secretarial auditors on 28 May 2026.
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Intimation Under Regulation 30 Of The SEBI (LODR) Regulation, 2015 ('SEBI Listing Regulations') - Commencement Of Commercial Operations - Solar Plant Installed At Himmatnagar, Dist: Sabarkantha, Gujarat
21 May - 2.5 MW solar plant at Himmatnagar commenced commercial operations on May 21, 2026.
Annual reports
Concalls
-
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