Saatvik Green Energy Ltd

AI

Saatvik Green Energy Ltd

₹ 422 0.18%
26 Aug 11:57 a.m.
About

Incorporated in 2015, Saatvik Green Energy Limited manufactures modules and offers engineering, procurement, and construction.[1]

Key Points

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.

  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
233.50 245.98 475.30 518.19 918.94 915.73 768.03 1,257.02 1,607.66 511.01
212.56 213.50 407.24 450.04 761.89 738.69 659.66 1,105.88 1,500.02 477.18
Operating Profit 20.94 32.48 68.06 68.15 157.05 177.04 108.37 151.14 107.64 33.83
OPM % 8.97% 13.20% 14.32% 13.15% 17.09% 19.33% 14.11% 12.02% 6.70% 6.62%
2.44 8.12 20.83 2.11 3.02 4.01 15.15 11.44 5.01 8.72
Interest 3.28 6.65 8.61 12.48 16.48 19.04 13.63 23.12 15.50 21.74
Depreciation 1.14 4.35 5.44 9.44 11.94 12.46 13.69 14.70 23.32 13.41
Profit before tax 18.96 29.60 74.84 48.34 131.65 149.55 96.20 124.76 73.83 7.40
Tax % 26.27% 28.21% 18.47% 16.32% 28.07% 20.55% 13.48% 22.32% 18.16% 27.57%
13.98 21.24 61.03 40.45 94.71 118.82 83.24 96.92 60.42 5.36
EPS in Rs 41.36 62.90 181.07 3.61 8.45 10.60 6.55 7.63 4.77 0.43
Raw PDF

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
Effective Module Capacity Utilization
%
Solar Module Production Volume
MW
Solar Module Sales Volume
MW
Encapsulant Manufacturing Capacity
GW
Selling Partners
count
Utility Customer Share
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2025Dec 2025Mar 2026Jun 2026
75.99% 75.99% 75.99% 75.99%
0.46% 0.25% 0.03% 0.19%
8.05% 9.35% 10.52% 10.97%
15.51% 14.42% 13.46% 12.84%
No. of Shareholders 1,71,55983,33578,07369,254

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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