Agni Green Power Ltd.

Agni Green Power Ltd.

₹ 15.9 -2.15%
13 Mar - close price
About

Incorporated in 1995, Agni Green Power Ltd is in the business of manufacture/assembly of Solar Photovoltaic Power Plants, Solar
Lamps and other Solar products and erection, installation and servicing the same.[1]

Key Points

Business Overview:[1][2]
AGPL is an integrated solar energy solutions provider specializing in turnkey Solar PV projects, managing the entire lifecycle — from design, engineering, supply, and installation to commissioning, operations, and maintenance for both stand-alone and grid-connected systems.Alongside EPC services, AGPL manufactures a diverse range of solar products including inverters, power conditioning units, MPPT chargers, remote monitoring systems, junction boxes, control panels, DC energy meters, adapters, and pump controllers.

  • Market Cap 31.1 Cr.
  • Current Price 15.9
  • High / Low 43.4 / 15.8
  • Stock P/E 44.4
  • Book Value 16.2
  • Dividend Yield 0.00 %
  • ROCE 6.94 %
  • ROE 2.02 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.98 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -0.50% over last 3 years.
  • Contingent liabilities of Rs.9.37 Cr.
  • Company has high debtors of 219 days.
  • Company's cost of borrowing seems high

* 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.

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Half Yearly Results

Figures in Rs. Crores

Sep 2021 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025
4.39 4.66 17.36 14.26 21.01 16.16 24.93 17.01
2.43 7.64 14.64 13.32 19.87 15.14 23.22 15.87
Operating Profit 1.96 -2.98 2.72 0.94 1.14 1.02 1.71 1.14
OPM % 44.65% -63.95% 15.67% 6.59% 5.43% 6.31% 6.86% 6.70%
0.02 0.04 0.52 0.08 0.27 0.00 0.34 0.15
Interest 0.34 0.89 0.61 0.80 0.88 0.74 1.22 0.95
Depreciation 0.13 0.11 0.11 0.11 0.12 0.13 0.13 0.11
Profit before tax 1.51 -3.94 2.52 0.11 0.41 0.15 0.70 0.23
Tax % 0.00% 0.00% 0.00% 0.00% 34.15% 0.00% 31.43% 0.00%
1.51 -3.94 2.53 0.12 0.27 0.15 0.47 0.23
EPS in Rs 2.11 -2.02 1.30 0.06 0.14 0.08 0.24 0.12
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
24.67 36.82 31.24 22.29 34.44 15.40 22.02 35.27 41.09 41.94
23.32 35.64 27.53 21.42 32.81 14.76 22.14 33.19 38.36 39.09
Operating Profit 1.35 1.18 3.71 0.87 1.63 0.64 -0.12 2.08 2.73 2.85
OPM % 5.47% 3.20% 11.88% 3.90% 4.73% 4.16% -0.54% 5.90% 6.64% 6.80%
0.47 0.82 0.49 0.95 0.83 1.03 0.56 0.35 0.34 0.49
Interest 0.09 0.18 0.73 0.99 1.53 1.12 1.64 1.68 1.96 2.17
Depreciation 0.18 0.15 0.51 0.58 0.79 0.26 0.22 0.23 0.26 0.24
Profit before tax 1.55 1.67 2.96 0.25 0.14 0.29 -1.42 0.52 0.85 0.93
Tax % 29.68% 30.54% 24.32% 60.00% 21.43% 27.59% 0.00% 26.92% 25.88%
1.09 1.17 2.23 0.10 0.11 0.22 -1.41 0.38 0.63 0.70
EPS in Rs 47.31 50.78 3.12 0.14 0.15 0.15 -0.72 0.19 0.32 0.36
Dividend Payout % 0.21% 0.20% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 13%
3 Years: 39%
TTM: 13%
Compounded Profit Growth
10 Years: %
5 Years: 60%
3 Years: 52%
TTM: 67%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -7%
1 Year: -25%
Return on Equity
10 Years: %
5 Years: 0%
3 Years: -1%
Last Year: 2%

Balance Sheet

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 0.23 0.23 7.14 7.14 7.14 14.28 19.53 19.53 19.53 19.53
Reserves 18.88 20.02 19.05 19.15 19.26 12.33 10.92 11.31 11.93 12.17
1.54 3.40 7.26 8.95 11.36 12.19 9.67 8.85 9.81 10.84
7.53 9.03 12.56 10.07 8.73 3.92 4.71 7.94 7.66 6.55
Total Liabilities 28.18 32.68 46.01 45.31 46.49 42.72 44.83 47.63 48.93 49.09
1.62 1.61 5.37 4.83 4.05 3.82 3.62 3.71 3.49 3.38
CWIP 0.93 0.98 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
25.63 30.09 40.64 40.48 42.44 38.90 41.21 43.92 45.44 45.71
Total Assets 28.18 32.68 46.01 45.31 46.49 42.72 44.83 47.63 48.93 49.09

Cash Flows

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2.10 -4.72 -1.53 -0.86 -1.11 2.05 -1.40 -0.02 1.31
0.15 0.00 1.68 -0.60 0.21 0.09 0.11 -0.15 0.19
0.24 2.32 1.96 0.91 -2.14 -0.27 1.23 -2.51 -1.01
Net Cash Flow 2.49 -2.39 2.11 -0.55 -3.04 1.86 -0.06 -2.68 0.49

Ratios

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 207.58 149.29 276.32 282.96 186.95 358.36 278.31 229.12 219.41
Inventory Days 23.62 43.63 27.38 148.46 48.57 463.44 199.43 103.90 79.93
Days Payable 160.41 105.69 175.19 142.74 109.41 206.93 95.95 107.05 95.41
Cash Conversion Cycle 70.79 87.23 128.51 288.68 126.12 614.87 381.79 225.98 203.92
Working Capital Days 115.55 94.57 117.66 181.27 94.32 292.24 259.91 168.17 151.19
ROCE % 8.26% 3.49% 4.58% 3.53% 0.56% 5.34% 6.94%

Insights

In beta
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Number of Branch Offices
Count

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Permanent Employees
Count
Geographical Revenue - Chhattisgarh
INR Lakhs
Geographical Revenue - Jharkhand
INR Lakhs
Geographical Revenue - Mizoram
INR Lakhs
Geographical Revenue - Tripura
INR Lakhs
Geographical Revenue - West Bengal
INR Lakhs
Order Book / New Orders Secured
INR Crores

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
70.57% 70.57% 70.57% 70.57% 70.57% 70.57% 70.57% 70.57% 70.57% 70.57% 70.57% 70.57%
0.00% 0.00% 0.00% 0.00% 0.05% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00%
29.43% 29.43% 29.43% 29.43% 29.38% 29.43% 29.43% 29.43% 29.42% 29.43% 29.43% 29.43%
No. of Shareholders 3604024705256588681,0061,0211,0621,0571,0771,044

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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