Himalayan Solar Ltd

₹ 83.9 -0.06%

30 Oct - close price

About

Incorporated in 2015, Himalayan Solar
Limited specializes in providing integrated turnkey solar energy solutions, offering
services including design, manufacturing, supply, installation, and commissioning of
a wide range of solar products.^[1]

Key Points

Business Overview^[1]
Himalayan Solar Limited is a solar energy solutions company focused primarily on
turnkey Solar Water Pumping Systems.
Its operations cover the project lifecycle
from design and engineering to procurement, manufacturing, supply, installation, and commissioning. The company also under
takes Solar Rooftop and Solar Inverter
Charger System projects.

Website NSE - SM

Market Cap ₹ 186 Cr.
Current Price ₹ 83.9
High / Low ₹ 93.0 / 73.0
Stock P/E 8.84
Book Value ₹
Dividend Yield 0.00 %
ROCE 45.5 %
ROE 57.2 %
Face Value ₹ 10.0

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Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 67.3%

Cons

Company has high debtors of 269 days.
Working capital days have increased from 40.9 days to 81.6 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

Industrials Capital Goods Electrical Equipment Other Electrical Equipment

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores




Operating Profit
OPM %

Interest
Depreciation
Profit before tax
Tax %

EPS in Rs
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	48	138	142	170
	45	130	117	140
Operating Profit	3	8	25	30
OPM %	6%	6%	18%	18%
	0	0	1	1
Interest	2	1	3	3
Depreciation	0	0	1	1
Profit before tax	1	7	22	28
Tax %	29%	28%	25%	25%
	1	5	16	21
EPS in Rs	0.36	3.05	10.14	12.74
Dividend Payout %	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	53%
TTM:	20%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	231%
TTM:	28%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	%
1 Year:	%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	67%
Last Year:	57%

Balance Sheet

Figures in Rs. Crores

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	4	4	4	16
Reserves	2	7	23	31
	19	24	27	36
	8	50	40	75
Total Liabilities	33	84	94	158
	1	1	5	6
CWIP	0	0	0	0
Investments	0	0	0	0
	31	83	89	152
Total Assets	33	84	94	158

Cash Flows

Figures in Rs. Crores

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2	-6	4	-2
	-2	-6	0	-3
	8	4	1	7
Net Cash Flow	8	-8	6	2
Free Cash Flow	2	-6	-1	-4
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	72%	-65%	23%	13%

Ratios

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	91	107	170	269
Inventory Days	84	591
Days Payable	44	1,182
Cash Conversion Cycle	131	-484	170	269
Working Capital Days	-42	4	37	82
ROCE %		28%	58%	46%

Shareholding Pattern

Numbers in percentages

12 Recently

	Oct 2026
	70.13%
	2.62%
	4.56%
	22.69%
No. of Shareholders	1,610

	Oct 2026
	70.13%
	2.62%
	4.56%
	22.69%
No. of Shareholders	1,610

* 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.

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Documents

Announcements

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Annual reports

No data available.

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