Saatvik Green Energy Ltd
Incorporated in 2015, Saatvik Green Energy Limited manufactures modules and offers engineering, procurement, and construction.[1]
- Market Cap ₹ 5,695 Cr.
- Current Price ₹ 448
- High / Low ₹ 580 / 328
- Stock P/E 14.5
- Book Value ₹ 94.6
- 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
- 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|
| 609 | 1,088 | 2,158 | 3,860 | |
| 593 | 940 | 1,837 | 3,270 | |
| Operating Profit | 15 | 148 | 322 | 590 |
| OPM % | 2% | 14% | 15% | 15% |
| 9 | 9 | 32 | 34 | |
| Interest | 11 | 14 | 42 | 70 |
| Depreciation | 7 | 11 | 31 | 53 |
| Profit before tax | 7 | 132 | 280 | 500 |
| Tax % | 29% | 24% | 24% | |
| 5 | 100 | 214 | 392 | |
| EPS in Rs | 14.05 | 297.10 | 19.11 | 33.06 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 98% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 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 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 |
| Free Cash Flow | -18 | -17 | -144 |
| CFO/OP | 61% | 41% | 31% |
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% |
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 |
|
|||||||||
| Annualized Capacity Utilization (Module) % |
||||||||||
| Asset Turnover (Annualized) Times |
||||||||||
| Order Book Size GW |
||||||||||
| Solar Module Production MW |
||||||||||
| Solar Module Sales MW |
||||||||||
| Solar Water Pumps Executed Number |
||||||||||
Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
15h - Q4FY26 earnings call scheduled on May 21, 2026 at 11:00 AM IST.
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
13 May - Crisil monitoring report for Q4 FY26 shows IPO proceeds utilization, no deviation, and project delays till March 2027.
-
Board Meeting Intimation for Audited Financial Results For The Quarter And Financial Year Ended March 31, 2026
12 May - Board meeting on May 20, 2026 to approve FY26 audited financial results.
-
Intimation Under Regulation 30(5) Of SEBI (LODR) Regulation 2015
23 Apr - Saatvik Green Energy lists authorised KMPs for materiality disclosures under Regulation 30(5) on April 23, 2026.
-
Announcement under Regulation 30 (LODR)-Acquisition
23 Apr - Saatvik Green Energy signed SPA on April 23, 2026 to acquire 80% of Melcon Transformers for ₹24 million.
Concalls
-
Feb 2026Transcript PPT
-
Nov 2025Transcript PPT
-
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.