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 ₹ 644 Cr.
- Current Price ₹ 309
- High / Low ₹ 328 / 202
- Stock P/E 34.6
- Book Value ₹ 67.8
- Dividend Yield 0.00 %
- ROCE 20.0 %
- ROE 23.0 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 36.9%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -20.2%
- Company might be capitalizing the interest cost
- Debtor days have increased from 78.6 to 144 days.
- Working capital days have increased from 112 days to 193 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
Sector: Infrastructure Developers & Operators Industry: Engineering - Turnkey Services
Part of BSE SME IPO
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 | |
---|---|---|---|---|
167 | 99 | 177 | 230 | |
163 | 93 | 153 | 204 | |
Operating Profit | 5 | 6 | 24 | 26 |
OPM % | 3% | 6% | 14% | 11% |
1 | 0 | 0 | 1 | |
Interest | 1 | 1 | 2 | 3 |
Depreciation | 1 | 2 | 1 | 1 |
Profit before tax | 3 | 3 | 21 | 23 |
Tax % | 39% | 43% | 25% | 18% |
2 | 2 | 16 | 19 | |
EPS in Rs | 6.83 | 5.80 | 51.97 | 8.92 |
Dividend Payout % | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 11% |
TTM: | 30% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 109% |
TTM: | 19% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 37% |
Last Year: | 23% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|
Equity Capital | 3 | 3 | 3 | 21 |
Reserves | 0 | 2 | 17 | 121 |
15 | 27 | 31 | 68 | |
14 | 13 | 26 | 25 | |
Total Liabilities | 32 | 44 | 77 | 234 |
5 | 6 | 5 | 6 | |
CWIP | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 |
27 | 39 | 72 | 228 | |
Total Assets | 32 | 44 | 77 | 234 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|
6 | -4 | -0 | -62 | |
-2 | -4 | -3 | 2 | |
-4 | 10 | 2 | 135 | |
Net Cash Flow | -1 | 2 | -2 | 75 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|
Debtor Days | 14 | 27 | 65 | 144 |
Inventory Days | 21 | 58 | 61 | 92 |
Days Payable | 25 | 41 | 35 | 40 |
Cash Conversion Cycle | 10 | 44 | 91 | 195 |
Working Capital Days | 20 | 66 | 77 | 193 |
ROCE % | 18% | 56% | 20% |
Documents
Announcements
-
Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
7h - Tax demand of Rs. 78.18 lakh received for FY 2021-22; company preparing response, no current financial impact.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
9 May - Solarium reports FY25 revenue INR230 Cr, 29.7% growth; strong order book INR363 Cr; expanding residential rooftop solar.
-
Audio Recording Of The Earnings Call With Investors/ Analysts- Pertaining To The Financial Results And Operations Of The Company For The Half Year And Year Ended On March 31, 2025
5 May - Audio recording of FY25 H2 earnings call available on company website.
-
Announcement under Regulation 30 (LODR)-Investor Presentation
4 May - Investor Presentation under Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015
-
Announcement under Regulation 30 (LODR)-Investor Presentation
4 May - Investor Presentation under Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015
Annual reports
No data available.
Concalls
-
May 2025Transcript PPT
-
May 2025TranscriptNotesPPT
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.