Saatvik Green Energy Ltd
Incorporated in 2015, Saatvik Green Energy Limited manufactures modules and offers engineering, procurement, and construction.[1]
- Market Cap ₹ 6,835 Cr.
- Current Price ₹ 538
- High / Low ₹ 580 / 420
- Stock P/E 28.8
- Book Value ₹ 94.6
- Dividend Yield 0.00 %
- ROCE 52.3 %
- ROE 94.1 %
- Face Value ₹ 2.00
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 46.5 to 67.6 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
Part of BSE IPO
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 609 | 1,088 | 2,158 | |
| 593 | 940 | 1,837 | |
| Operating Profit | 15 | 148 | 322 |
| OPM % | 2% | 14% | 15% |
| 9 | 9 | 32 | |
| Interest | 11 | 14 | 42 |
| Depreciation | 7 | 11 | 31 |
| Profit before tax | 7 | 132 | 280 |
| Tax % | 29% | 24% | 24% |
| 5 | 100 | 214 | |
| EPS in Rs | 14.05 | 297.10 | 19.11 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
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| TTM: | 98% |
| Compounded Profit Growth | |
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| TTM: | 115% |
| Stock Price CAGR | |
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| Last Year: | 94% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 3 | 3 | 22 | 25 |
| Reserves | 17 | 117 | 315 | 1,178 |
| 153 | 280 | 503 | 628 | |
| 90 | 288 | 795 | 966 | |
| Total Liabilities | 263 | 688 | 1,636 | 2,797 |
| 50 | 117 | 320 | 403 | |
| CWIP | 0 | 33 | 2 | 33 |
| Investments | 0 | 10 | 0 | 0 |
| 213 | 528 | 1,314 | 2,360 | |
| Total Assets | 263 | 688 | 1,636 | 2,797 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 5 | 44 | 43 | |
| -24 | -69 | -198 | |
| 32 | 25 | 149 | |
| Net Cash Flow | 13 | -1 | -7 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 13 | 59 | 68 |
| Inventory Days | 89 | 98 | 149 |
| Days Payable | 45 | 82 | 128 |
| Cash Conversion Cycle | 56 | 75 | 88 |
| Working Capital Days | -0 | 7 | 26 |
| ROCE % | 51% | 52% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Investor Presentation
2h - Investor Presentation on Unaudited Financial Results for the quarter and half year ended September 30, 2025.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
3h - H1 FY26 revenue ₹16,838 Mn, PAT ₹2,021 Mn; 4.8GW Ambala; Odisha Phase I commissioning Q4 FY26.
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Announcement under Regulation 30 (LODR)-Change in Management
4h - Appointed Vaibhav Bhardwaj (COO), Manik Paul (CIO), Aman Attree (CHRO) effective November 06, 2025.
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Board Meeting Outcome for Board Meeting Outcome For The Unaudited Financial Results For The Quarter Ended On September 30,2025
4h - Approved Q2/H1 Sep30,2025 results; IPO raised INR 8,999.99m; INR 6,575.18m earmarked for subsidiary investment and capex.
- Outcome For The Board Meeting Dated November 06, 2025. 4h
Concalls
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Nov 2025Transcript PPT REC
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Oct 2025TranscriptNotesPPT
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.