Saatvik Green Energy Ltd
Incorporated in 2015, Saatvik Green Energy Limited manufactures modules and offers engineering, procurement, and construction.[1]
- Market Cap ₹ 5,495 Cr.
- Current Price ₹ 432
- High / Low ₹ 580 / 328
- Stock P/E 84.5
- Book Value ₹ 79.0
- Dividend Yield 0.00 %
- ROCE 14.2 %
- ROE 10.1 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 83.1% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 35.2%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Earnings include an other income of Rs.113 Cr.
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 154 | 480 | 609 | 1,090 | 1,974 | 2,262 | |
| 144 | 463 | 592 | 940 | 1,785 | 2,247 | |
| Operating Profit | 10 | 17 | 17 | 150 | 190 | 15 |
| OPM % | 7% | 3% | 3% | 14% | 10% | 1% |
| 0 | 0 | 9 | 10 | 59 | 113 | |
| Interest | 4 | 6 | 13 | 15 | 27 | 25 |
| Depreciation | 2 | 2 | 7 | 11 | 12 | 17 |
| Profit before tax | 4 | 8 | 7 | 134 | 209 | 85 |
| Tax % | 29% | 28% | 29% | 25% | 26% | 27% |
| 3 | 6 | 5 | 100 | 156 | 62 | |
| EPS in Rs | 9.35 | 17.63 | 14.08 | 296.69 | 13.92 | 4.90 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 71% |
| 3 Years: | 55% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 83% |
| 3 Years: | 139% |
| TTM: | -58% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 35% |
| 3 Years: | 35% |
| Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 22 | 25 |
| Reserves | 14 | 12 | 17 | 117 | 258 | 979 |
| 44 | 112 | 153 | 227 | 161 | 167 | |
| 26 | 100 | 90 | 257 | 374 | 317 | |
| Total Liabilities | 87 | 227 | 263 | 604 | 815 | 1,489 |
| 29 | 32 | 50 | 53 | 60 | 43 | |
| CWIP | 0 | 0 | 0 | 1 | 0 | 0 |
| Investments | 3 | 0 | 0 | 10 | 0 | 645 |
| 56 | 195 | 213 | 539 | 755 | 801 | |
| Total Assets | 87 | 227 | 263 | 604 | 815 | 1,489 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 16 | -57 | -3 | 14 | |||
| -3 | 1 | -18 | -67 | |||
| -11 | 55 | 32 | 52 | |||
| Net Cash Flow | 1 | -1 | 11 | -1 | ||
| Free Cash Flow | 13 | -58 | -21 | 7 | ||
| CFO/OP | 161% | -334% | 10% | 20% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 28 | 8 | 13 | 62 | 71 | 51 |
| Inventory Days | 61 | 109 | 89 | 93 | 42 | 37 |
| Days Payable | 52 | 62 | 45 | 79 | 57 | 46 |
| Cash Conversion Cycle | 37 | 55 | 56 | 75 | 55 | 42 |
| Working Capital Days | 39 | -0 | 1 | 23 | 45 | 50 |
| ROCE % | 15% | 13% | 57% | 60% | 14% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Annual Solar Module Manufacturing Capacity MW / GW |
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| Annualized Capacity Utilization (Module) % |
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| Asset Turnover (Annualized) Times |
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| Order Book Size GW |
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| Solar Module Production MW |
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| Solar Module Sales MW |
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| Solar Water Pumps Executed Number |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
21 May - Audio recording of May 21, 2026 earnings call on audited FY26 results available online.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 21 May
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
20 May - FY26 revenue rose 111% to ₹45,484 Mn; company commissioned 2 GW encapsulant facility and expanded plans.
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Announcement under Regulation 30 (LODR)-Investor Presentation
20 May - Investor Presentation on Audited Financial Results (Standalone and Consolidated) of the Company for the Quarter and Financial Year ended March 31, 2026
- Standalone And Consolidated Audited Financial Results For Quarter And Financial Year Ended March 31, 2026 20 May
Concalls
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May 2026TranscriptAI SummaryPPT
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT
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Oct 2025Transcript PPT REC
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.