Saatvik Green Energy Ltd
Incorporated in 2015, Saatvik Green Energy Limited manufactures modules and offers engineering, procurement, and construction.[1]
- Market Cap ₹ 5,362 Cr.
- Current Price ₹ 422
- High / Low ₹ 580 / 328
- Stock P/E 21.6
- Book Value ₹ 107
- Dividend Yield 0.00 %
- ROCE 32.9 %
- ROE 42.4 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company has a good return on equity (ROE) track record: 3 Years ROE 58.9%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| 609 | 1,088 | 2,158 | 4,548 | 4,144 | |
| 593 | 940 | 1,837 | 4,007 | 3,743 | |
| Operating Profit | 15 | 148 | 322 | 542 | 401 |
| OPM % | 2.5% | 14% | 15% | 12% | 10% |
| 9 | 9 | 32 | 36 | 40 | |
| Interest | 11 | 14 | 42 | 71 | 74 |
| Depreciation | 7 | 11 | 31 | 64 | 65 |
| Profit before tax | 7 | 132 | 280 | 442 | 302 |
| Tax % | 29% | 24% | 24% | 19% | |
| 5 | 100 | 214 | 357 | 246 | |
| EPS in Rs | 14.05 | 297.10 | 19.11 | 28.11 | 19.38 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 96% |
| TTM: | 47% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 324% |
| TTM: | -21% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 59% |
| Last Year: | 42% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 3 | 3 | 22 | 25 |
| Reserves | 17 | 117 | 315 | 1,336 |
| 153 | 280 | 503 | 939 | |
| 90 | 288 | 795 | 814 | |
| Total Liabilities | 263 | 688 | 1,636 | 3,115 |
| 50 | 117 | 320 | 451 | |
| CWIP | 0 | 33 | 2 | 384 |
| Investments | 0 | 10 | 0 | 0 |
| 213 | 528 | 1,314 | 2,280 | |
| Total Assets | 263 | 688 | 1,636 | 3,115 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 5 | 44 | 43 | -27 | |
| -24 | -69 | -198 | -896 | |
| 32 | 25 | 149 | 946 | |
| Net Cash Flow | 13 | -1 | -7 | 23 |
| Free Cash Flow | -18 | -17 | -144 | -628 |
| CFO/OP | 61% | 41% | 31% | 17% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 13 | 59 | 68 | 56 |
| Inventory Days | 89 | 98 | 149 | 72 |
| Days Payable | 45 | 82 | 128 | 60 |
| Cash Conversion Cycle | 56 | 75 | 88 | 69 |
| Working Capital Days | -0 | 7 | 26 | 43 |
| ROCE % | 51% | 52% | 33% |
Insights
In beta| Mar 2017 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Solar Module Installed Capacity MW |
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| Confirmed Order Book GW |
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| Effective Module Capacity Utilization % |
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| Solar Module Production Volume MW |
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| Solar Module Sales Volume MW |
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| Encapsulant Manufacturing Capacity GW |
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| Selling Partners count |
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| Utility Customer Share % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
- Saatvik subsidiary received and accepted ₹190 crore solar PV module order, to be executed by March 2027.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
- Transcript of Earnings Call for the quarter ended June 30,2026
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Announcement Under Regulation 30 - Press Release
- Signed Odisha MoU for 3.6 GW Phase II cell facility; Phase I plant nearing commissioning.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Extracts of Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of Q1 FY2026-27 earnings call held August 14, 2026 available online.
Concalls
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT REC
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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 4.86 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 5.50 GW of solar PV modules to domestic and international markets.