Saatvik Green Energy Ltd
Incorporated in 2015, Saatvik Green Energy Limited manufactures modules and offers engineering, procurement, and construction.[1]
- Market Cap ₹ 5,910 Cr.
- Current Price ₹ 441
- High / Low ₹ 465 / 427
- Stock P/E 27.4
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 52.3 %
- ROE 94.1 %
- Face Value ₹ 2.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 100%
Cons
- 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 609 | 609 | 1,088 | 2,158 | |
| 593 | 593 | 940 | 1,837 | |
| Operating Profit | 15 | 15 | 148 | 322 |
| OPM % | 2% | 2% | 14% | 15% |
| 9 | 9 | 9 | 32 | |
| Interest | 11 | 11 | 14 | 42 |
| Depreciation | 7 | 7 | 11 | 31 |
| Profit before tax | 7 | 7 | 132 | 280 |
| Tax % | 29% | 29% | 24% | 24% |
| 5 | 5 | 100 | 214 | |
| EPS in Rs | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 53% |
| TTM: | 98% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 257% |
| TTM: | 115% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 100% |
| Last Year: | 94% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 22 |
| Reserves | 17 | 17 | 117 | 315 |
| 153 | 153 | 280 | 503 | |
| 90 | 90 | 288 | 795 | |
| Total Liabilities | 263 | 263 | 688 | 1,636 |
| 50 | 50 | 117 | 320 | |
| CWIP | 0 | 0 | 33 | 2 |
| Investments | 0 | 0 | 10 | 0 |
| 213 | 213 | 528 | 1,314 | |
| Total Assets | 263 | 263 | 688 | 1,636 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 5 | 5 | 44 | 43 | |
| -24 | -24 | -69 | -198 | |
| 32 | 32 | 25 | 149 | |
| Net Cash Flow | 13 | 13 | -1 | -7 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 13 | 13 | 59 | 68 |
| Inventory Days | 89 | 89 | 98 | 149 |
| Days Payable | 45 | 45 | 82 | 128 |
| Cash Conversion Cycle | 56 | 56 | 75 | 88 |
| Working Capital Days | -0 | -0 | 7 | 26 |
| ROCE % | 10% | 51% | 52% |
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.