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 ₹ 227 Cr.
- Current Price ₹ 109
- High / Low ₹ 335 / 109
- Stock P/E 13.4
- Book Value ₹ 77.9
- Dividend Yield 0.00 %
- ROCE 13.0 %
- ROE 11.2 %
- 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| 177 | 230 | 368 | |
| 153 | 204 | 338 | |
| Operating Profit | 24 | 26 | 31 |
| OPM % | 14% | 11% | 8% |
| 0 | 1 | 8 | |
| Interest | 3 | 4 | 11 |
| Depreciation | 1 | 1 | 1 |
| Profit before tax | 21 | 23 | 27 |
| Tax % | 26% | 18% | 23% |
| 16 | 19 | 20 | |
| EPS in Rs | 10.49 | 8.92 | 9.80 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 60% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -9% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -67% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Equity Capital | 3 | 21 | 21 |
| Reserves | 18 | 121 | 142 |
| 32 | 68 | 157 | |
| 26 | 25 | 140 | |
| Total Liabilities | 78 | 234 | 459 |
| 6 | 6 | 95 | |
| CWIP | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 |
| 72 | 228 | 364 | |
| Total Assets | 78 | 234 | 459 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| -0 | -62 | 18 | |
| -3 | 2 | -87 | |
| 2 | 135 | 82 | |
| Net Cash Flow | -2 | 75 | 13 |
| Free Cash Flow | -1 | -63 | -72 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 4% | -221% | 66% |
Ratios
Consolidated / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor Days | 65 | 144 | 151 |
| Inventory Days | 61 | 97 | 139 |
| Days Payable | 35 | 43 | 135 |
| Cash Conversion Cycle | 91 | 198 | 155 |
| Working Capital Days | 30 | 86 | 15 |
| ROCE % | 20% | 13% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Module Manufacturing Capacity MW |
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| Institutional Projects Executed count |
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| Residential Rooftop Projects Executed count |
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| Module Manufacturing Utilization % |
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| L1 Order Position INR Cr |
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| Saarthi Partner Network count |
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| Unexecuted Order Book INR Cr |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2015 for the quarter ended on September 30, 2026
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Announcement under Regulation 30 (LODR)-Change in Management
- Solarium Green Energy disclosed 4th AGM e-voting results; all 3 resolutions passed on September 29, 2026.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
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Shareholder Meeting / Postal Ballot-Outcome of AGM
- Solarium Green Energy held its 4th AGM on September 29, 2026; approved financials and director appointments.
- Closure of Trading Window
Concalls
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Jun 2026Transcript PPT REC
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Nov 2025Transcript PPT
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May 2025Transcript PPT
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May 2025PPT
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.