Himalayan Solar Ltd
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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
- Market Cap ₹ 228 Cr.
- Current Price ₹
- High / Low ₹ /
- Stock P/E 10.8
- Book Value ₹
- Dividend Yield %
- ROCE 45.5 %
- ROE 57.2 %
- Face Value ₹ 10.0
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
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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 | 1.61 | 13.71 | 45.59 | 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/OP | 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% |
Documents
Announcements
No data available.
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.