Ahasolar Technologies Ltd
Incorporated in 2017, Ahasolar Technologies Ltd provides multiple digital solutions and advisory in the field of renewable energy[1]
- Market Cap ₹ 25.3 Cr.
- Current Price ₹ 82.0
- High / Low ₹ 136 / 58.9
- Stock P/E 149
- 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: | -27% |
| 1 Year: | -25% |
| 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 | |
|---|---|---|---|
| Cities of Operation (Advisory Footprint) count |
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| Permanent Employees on Roll count |
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| Cumulative Solar Capacity Enabled (Advisory & Consultancy) MW |
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| Ongoing Advisory Projects / Work Orders count |
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| Paid SaaS Users on Platform count |
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| Solar Installers on Platform count |
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| Solar Power Plant Capacity Under Construction (Owned) MW |
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| Solar Power Plant Operational Capacity (Owned) MW |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
17 Jul - Ahasolar won Coal India consultancy work order worth over ₹35 lakh for a 187.5 MW/750 MWh BESS project, 15 months.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
16 Jul - Ahasolar won a 48-month PDCOR consultancy order worth over ₹7 crore.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2 Jul - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026.
- 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.
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