Sahaj Solar Ltd

Sahaj Solar Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sahaj Solar Ltd

₹ 140 -1.58%
02 Feb 3:31 p.m.
sahajsolar.com NSE - SME: SAHAJSOLAR
About

Incorporated in 2010, Sahaj Solar Ltd manufactures solar energy based products and provides EPC services[1]

Key Points

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.

Website NSE - SM
  • Market Cap ₹ 308 Cr.
  • Current Price ₹ 140
  • High / Low ₹ 324 / 138
  • Stock P/E 11.0
  • Book Value ₹ 51.7
  • Dividend Yield 0.35 %
  • ROCE 32.6 %
  • ROE 38.9 %
  • Face Value ₹ 10.0
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 43.2%

Cons

  • Company might be capitalizing the interest cost
  • Company has high debtors of 219 days.
  • Working capital days have increased from 39.3 days to 72.2 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

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Half Yearly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025
61 140 98 232 111
57 120 90 198 100
Operating Profit 4 20 8 34 11
OPM % 7% 14% 9% 15% 10%
0 0 1 0 0
Interest 1 3 2 2 4
Depreciation 1 1 1 1 1
Profit before tax 3 17 6 32 7
Tax % 39% 30% 22% 27% 25%
2 12 5 23 5
EPS in Rs 1.17 7.03 2.14 10.38 2.33
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
62 67 185 201 330 343
59 63 174 177 288 298
Operating Profit 3 4 11 24 42 44
OPM % 5% 6% 6% 12% 13% 13%
0 1 0 1 1 1
Interest 1 2 2 4 4 5
Depreciation 1 1 1 1 1 1
Profit before tax 1 1 9 20 38 38
Tax % 29% 28% 24% 32% 26%
1 1 6 13 28 28
EPS in Rs 0.58 0.98 4.04 8.17 12.52 12.71
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 70%
TTM: 44%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 228%
TTM: 75%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -39%
Return on Equity
10 Years: %
5 Years: 38%
3 Years: 43%
Last Year: 39%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 5 5 8 8 11 22
Reserves 4 5 9 25 98 92
15 17 14 57 57 89
10 34 61 60 138 128
Total Liabilities 35 61 91 149 304 330
10 8 8 7 6 7
CWIP 0 0 0 0 0 11
Investments 0 0 0 0 0 0
25 53 83 142 298 312
Total Assets 35 61 91 149 304 330

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
4 -2 10 -35 -47
-2 0 -1 -0 -0
-2 1 -7 44 45
Net Cash Flow -0 -1 1 9 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 53 204 106 161 219
Inventory Days 71 73 26 36 31
Days Payable 59 210 124 103 168
Cash Conversion Cycle 64 67 8 94 83
Working Capital Days 20 39 17 28 72
ROCE % 11% 36% 39% 33%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2024Mar 2025Apr 2025Sep 2025
71.28% 71.28% 71.28% 71.28%
1.11% 0.03% 0.03% 0.03%
4.02% 1.82% 1.82% 1.25%
23.60% 26.87% 26.87% 27.44%
No. of Shareholders 1,5512,9472,9823,196

* 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.

Documents

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Credit ratings

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