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 ₹ 685 Cr.
- Current Price ₹ 329
- High / Low ₹ 484 / 202
- Stock P/E 36.8
- Book Value ₹ 67.8
- Dividend Yield 0.00 %
- ROCE 20.1 %
- ROE 23.0 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Debtor days have increased from 105 to 144 days.
- Working capital days have increased from 57.9 days to 85.7 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.
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| 177 | 230 | |
| 153 | 204 | |
| Operating Profit | 24 | 26 |
| OPM % | 14% | 11% |
| 0 | 1 | |
| Interest | 3 | 4 |
| Depreciation | 1 | 1 |
| Profit before tax | 21 | 23 |
| Tax % | 26% | 18% |
| 16 | 19 | |
| EPS in Rs | 52.47 | 8.92 |
| Dividend Payout % | 0% | 0% |
| Compounded Sales Growth | |
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| TTM: | 30% |
| Compounded Profit Growth | |
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| 3 Years: | % |
| TTM: | 18% |
| Stock Price CAGR | |
|---|---|
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| Return on Equity | |
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| Last Year: | 23% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Equity Capital | 3 | 21 |
| Reserves | 18 | 121 |
| 32 | 68 | |
| 26 | 25 | |
| Total Liabilities | 78 | 234 |
| 6 | 6 | |
| CWIP | 0 | 0 |
| Investments | 0 | 0 |
| 72 | 228 | |
| Total Assets | 78 | 234 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| -0 | -62 | |
| -3 | 2 | |
| 2 | 135 | |
| Net Cash Flow | -2 | 75 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Debtor Days | 65 | 144 |
| Inventory Days | 61 | 97 |
| Days Payable | 35 | 43 |
| Cash Conversion Cycle | 91 | 198 |
| Working Capital Days | 30 | 86 |
| ROCE % | 20% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Oct - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulation, 2018 for the quarter ended 30th September, 2025
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
27 Sep - Received NVVN/GAIL NOAs totalling ₹18.78 crore for 5,996 kW rooftop solar; largest 5,546 kW Raigad award.
- Closure of Trading Window 27 Sep
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
25 Sep - NTPC NVVN awarded ~₹4.34 crore contract for 1,320 kW rooftop solar at AIIMS-Rishikesh; 180-day completion, 10-year O&M.
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Intimation Of Schedule Of Analyst/Institutional Investor Meetings Under The SEBI (LODR) Regulations, 2015
18 Sep - Virtual analyst/institutional meetings: Sep 24 Arihant Capital (2–3pm), Sep 25 Kotak-hosted call (3:30–4:30pm).
Concalls
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May 2025Transcript PPT
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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.