Saatvik Green Energy Ltd
Incorporated in 2015, Saatvik Green Energy Limited manufactures modules and offers engineering, procurement, and construction.[1]
- Market Cap ₹ 5,602 Cr.
- Current Price ₹ 441
- High / Low ₹ 465 / 427
- Stock P/E 55.9
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 57.4 %
- ROE 142 %
- Face Value ₹ 2.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 106%
Cons
- Debtor days have increased from 27.5 to 61.6 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 154 | 480 | 609 | 1,090 | |
| 144 | 463 | 592 | 940 | |
| Operating Profit | 10 | 17 | 17 | 150 |
| OPM % | 7% | 3% | 3% | 14% |
| 0 | 0 | 9 | 10 | |
| Interest | 4 | 6 | 13 | 15 |
| Depreciation | 2 | 2 | 7 | 11 |
| Profit before tax | 4 | 8 | 7 | 134 |
| Tax % | 29% | 28% | 29% | 25% |
| 3 | 6 | 5 | 100 | |
| EPS in Rs | 9.35 | 17.63 | 14.08 | 296.69 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 92% |
| TTM: | 79% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 217% |
| TTM: | 2011% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 106% |
| Last Year: | 142% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 |
| Reserves | 14 | 12 | 17 | 117 |
| 44 | 112 | 153 | 227 | |
| 26 | 100 | 90 | 257 | |
| Total Liabilities | 87 | 227 | 263 | 604 |
| 29 | 32 | 50 | 53 | |
| CWIP | 0 | 0 | 0 | 1 |
| Investments | 3 | 0 | 0 | 10 |
| 56 | 195 | 213 | 539 | |
| Total Assets | 87 | 227 | 263 | 604 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 16 | -57 | -3 | 14 | |
| -3 | 1 | -18 | -67 | |
| -11 | 55 | 32 | 52 | |
| Net Cash Flow | 1 | -1 | 11 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 28 | 8 | 13 | 62 |
| Inventory Days | 61 | 109 | 89 | 93 |
| Days Payable | 52 | 62 | 45 | 79 |
| Cash Conversion Cycle | 37 | 55 | 56 | 75 |
| Working Capital Days | 39 | -0 | 1 | 23 |
| ROCE % | 15% | 13% | 57% |
Business Profile[1][2]
The company is one of India’s leading solar PV module manufacturers, with a manufacturing capacity of 3.80 GW. It provides integrated solutions covering module manufacturing, EPC services, and O&M support, and has achieved an installed EPC base of 69.12 MW as of March 2025. Since its inception, the company has supplied over 2.50 GW of solar PV modules to domestic and international markets.