Sahaj Solar Ltd
Incorporated in 2010, Sahaj Solar Ltd manufactures solar energy based products and provides EPC services[1]
- Market Cap ₹ 603 Cr.
- Current Price ₹ 274
- High / Low ₹ 395 / 150
- Stock P/E 23.4
- Book Value ₹ 47.8
- Dividend Yield 0.18 %
- ROCE 31.6 %
- ROE 37.8 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 131% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 41.8%
Cons
- Company might be capitalizing the interest cost
- Company has high debtors of 233 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
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
3 | 32 | 55 | 66 | 183 | 179 | 307 | |
3 | 29 | 52 | 62 | 173 | 157 | 268 | |
Operating Profit | -0 | 2 | 3 | 4 | 11 | 22 | 39 |
OPM % | -3% | 7% | 5% | 6% | 6% | 12% | 13% |
0 | 1 | -0 | 0 | 0 | 0 | 1 | |
Interest | 0 | 1 | 1 | 2 | 2 | 4 | 4 |
Depreciation | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
Profit before tax | 0 | 1 | 1 | 1 | 8 | 18 | 35 |
Tax % | 25% | 37% | 30% | 28% | 26% | 32% | 26% |
0 | 0 | 0 | 1 | 6 | 12 | 26 | |
EPS in Rs | 0.60 | 0.38 | 0.44 | 0.98 | 3.70 | 7.61 | 11.73 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 57% |
5 Years: | 58% |
3 Years: | 67% |
TTM: | 71% |
Compounded Profit Growth | |
---|---|
10 Years: | 119% |
5 Years: | 131% |
3 Years: | 221% |
TTM: | 110% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 37% |
3 Years: | 42% |
Last Year: | 38% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Equity Capital | 0.26 | 5 | 5 | 5 | 8 | 8 | 11 |
Reserves | 0 | 3 | 4 | 5 | 8 | 23 | 94 |
0 | 16 | 15 | 17 | 12 | 52 | 57 | |
2 | 13 | 8 | 34 | 60 | 60 | 136 | |
Total Liabilities | 2 | 37 | 32 | 61 | 87 | 144 | 298 |
0 | 8 | 8 | 8 | 7 | 6 | 6 | |
CWIP | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
1 | 29 | 23 | 53 | 80 | 137 | 292 | |
Total Assets | 2 | 37 | 32 | 61 | 87 | 144 | 298 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
-0 | 3 | -2 | 9 | -32 | -52 | ||
-1 | -1 | 0 | -1 | -1 | 0 | ||
1 | -2 | 1 | -7 | 42 | 50 | ||
Net Cash Flow | 0 | -0 | -1 | 1 | 9 | -2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Debtor Days | 15 | 71 | 57 | 206 | 105 | 176 | 233 |
Inventory Days | 13 | 258 | 69 | 74 | 22 | 36 | 29 |
Days Payable | 181 | 167 | 52 | 211 | 124 | 114 | 178 |
Cash Conversion Cycle | -152 | 162 | 73 | 69 | 3 | 98 | 85 |
Working Capital Days | -134 | 176 | 88 | 98 | 33 | 129 | 135 |
ROCE % | 8% | 11% | 36% | 39% | 32% |
Documents
Announcements
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Structural Digital Database
1 July 2025 - Submission of SDD Compliance Certificate for year ended March 31, 2025.
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Analysts/Institutional Investor Meet/Con. Call Updates
27 June 2025 - Sahaj Solar's 3-year growth plan includes manufacturing expansion, geographic growth, IPP projects, and energy storage solutions.
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Analysts/Institutional Investor Meet/Con. Call Updates
19 June 2025 - Sahaj Solar schedules investor meet on June 26, 2025, in Mumbai; no unpublished info to be shared.
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Clarification - Financial Results
13 June 2025 - Exchange has sought clarification from Sahaj Solar Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …
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Analysts/Institutional Investor Meet/Con. Call Updates
28 May 2025 - Investor plant visit scheduled on June 2, 2025; no unpublished price sensitive info to be discussed.
Annual reports
No data available.
Concalls
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Apr 2025Transcript PPT REC
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Feb 2025TranscriptNotesPPT
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Nov 2024TranscriptNotesPPT
Business Overview:[1]
SSL develops small to large Photovoltaic Solar pv power plant projects for its clients & investors. This includes carrying out the initial economic feasibility forecasts, finding a suitable location, securing title to the land (including obtaining all necessary permits) and taking care of all feed-in contracts or Power Purchase Agreements (PPA) with energy off-takers.