Solarium Green Energy Ltd
Incorporated in 2018, Solarium Green Energy Ltd is a solar energy company which specializes in integrated solar solutions and turnkey services[1]
- Market Cap ₹ 389 Cr.
- Current Price ₹ 187
- High / Low ₹ 484 / 129
- Stock P/E 21.3
- Book Value ₹ 77.9
- Dividend Yield 0.00 %
- ROCE 12.9 %
- ROE 12.0 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 43.7 days to 15.2 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 151 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
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 167 | 99 | 177 | 230 | 368 | |
| 163 | 93 | 153 | 204 | 338 | |
| Operating Profit | 5 | 6 | 24 | 26 | 30 |
| OPM % | 3% | 6% | 14% | 11% | 8% |
| 1 | 0 | 0 | 1 | 8 | |
| Interest | 1 | 1 | 3 | 4 | 10 |
| Depreciation | 1 | 2 | 1 | 1 | 1 |
| Profit before tax | 3 | 3 | 21 | 23 | 27 |
| Tax % | 39% | 43% | 26% | 18% | 23% |
| 2 | 2 | 16 | 19 | 20 | |
| EPS in Rs | 6.83 | 5.80 | 52.47 | 8.92 | 9.81 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 55% |
| TTM: | 60% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 119% |
| TTM: | -2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -51% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 21% |
| Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 21 | 21 |
| Reserves | 0 | 2 | 18 | 121 | 142 |
| 15 | 27 | 32 | 68 | 157 | |
| 14 | 13 | 26 | 25 | 140 | |
| Total Liabilities | 32 | 44 | 78 | 234 | 459 |
| 5 | 6 | 6 | 6 | 95 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 27 | 39 | 72 | 228 | 364 | |
| Total Assets | 32 | 44 | 78 | 234 | 459 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 6 | -4 | -0 | -62 | ||
| -2 | -4 | -3 | 2 | ||
| -4 | 10 | 2 | 135 | ||
| Net Cash Flow | -1 | 2 | -2 | 75 | |
| Free Cash Flow | 5 | -6 | -1 | -63 | |
| CFO/OP | 150% | -48% | 23% | -221% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 14 | 27 | 65 | 144 | 151 |
| Inventory Days | 21 | 58 | 61 | 97 | 139 |
| Days Payable | 25 | 41 | 35 | 43 | 135 |
| Cash Conversion Cycle | 10 | 44 | 91 | 198 | 155 |
| Working Capital Days | 5 | 14 | 30 | 86 | 15 |
| ROCE % | 18% | 57% | 20% | 13% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Number of C&I and Ground Mounted Projects Completed Number |
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| Number of Residential Rooftop Projects Completed Number |
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| Installed Solar Panel Manufacturing Capacity MW |
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| Solar Panel Production Utilization % |
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| Employee Headcount Number |
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| Geographic Presence (Cities) Number |
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| L1 Order Pipeline INR Crores |
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| Solar Saarthi Franchisee Partners Number |
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| Total Residential Rooftop Installations (Cumulative) MW |
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| Unexecuted Order Book INR Crores |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Resignation of Director
1d - Board approved FY26 audited standalone/consolidated results; appointed Aditi Goyal, noted Priya Bansal resignation.
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Announcement under Regulation 30 (LODR)-Change in Management
1d - Board approved FY26 audited results; appointed Aditi Goyal and noted Priya Bansal resignation on May 29, 2026.
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Considered Approved And Taken On Record The Audited Standalone & Consolidated Financial Results For The Half Year And Year Ended On March 31 2026 Along With Audit Report
1d - FY26 audited results approved on May 29; unmodified audit, Aditi Goyal appointed, Priya Bansal resigned.
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Statement Of Deviation/Variation In Utilization Of Funds Raised Through Initial Public Offer For The Half Year & Year Ended On March 31, 2026.
1d - March 31, 2026 IPO fund utilization statement shows no deviation; ₹105.04 crore fully allocated.
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Board Meeting Outcome for Outcome Of Board Meeting Held On Today I.E., On Friday, May 29, 2026 In Terms Of Second Proviso To Regulation 30(6) Of SEBI (LODR) Regulations, 2015
1d - Board approved FY26 audited results; appointed Aditi Goyal and noted Priya Bansal resignation on May 29, 2026.
Concalls
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Nov 2025Transcript PPT
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May 2025Transcript PPT
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May 2025TranscriptAI SummaryPPT
Business Overview:[1]
SGEL offers Turnkey Solar Solutions, covering design, procurement, construction, commissioning, and O&M for solar power plants. It serves residential, commercial, industrial, and government projects and sells solar products like PV modules, inverters, and meters. Certified by BIS, ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, SGEL also manages logistics, supply chain, site management, and financial structuring. Its O&M services include panel cleaning, repairs, replacements, and system inspections for government and private clients.