Sahaj Solar Ltd
Incorporated in 2010, Sahaj Solar Ltd manufactures solar energy based products and provides EPC services[1]
- Market Cap ₹ 295 Cr.
- Current Price ₹ 134
- High / Low ₹ 280 / 91.0
- Stock P/E 9.96
- Book Value ₹ 62.9
- Dividend Yield 0.37 %
- ROCE 21.6 %
- ROE 24.0 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 111% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 32.2%
Cons
- Company has high debtors of 281 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
Part of Nifty SME Emerge
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 62 | 67 | 185 | 201 | 330 | 419 | |
| 59 | 63 | 174 | 177 | 288 | 367 | |
| Operating Profit | 3 | 4 | 11 | 24 | 42 | 52 |
| OPM % | 5% | 6% | 6% | 12% | 13% | 12% |
| 0 | 1 | 0 | 1 | 1 | 2 | |
| Interest | 1 | 2 | 2 | 4 | 4 | 11 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 2 |
| Profit before tax | 1 | 1 | 9 | 20 | 38 | 41 |
| Tax % | 29% | 28% | 24% | 32% | 26% | 26% |
| 1 | 1 | 6 | 13 | 28 | 30 | |
| EPS in Rs | 0.58 | 0.98 | 4.04 | 8.17 | 12.52 | 13.46 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 47% |
| 3 Years: | 31% |
| TTM: | 27% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 111% |
| 3 Years: | 67% |
| TTM: | 7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -48% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 32% |
| Last Year: | 24% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 8 | 8 | 11 | 22 |
| Reserves | 4 | 5 | 9 | 25 | 98 | 116 |
| 15 | 17 | 14 | 57 | 57 | 176 | |
| 10 | 34 | 61 | 60 | 138 | 166 | |
| Total Liabilities | 35 | 61 | 91 | 149 | 304 | 479 |
| 10 | 8 | 8 | 7 | 6 | 24 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 11 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 25 | 53 | 83 | 142 | 298 | 445 | |
| Total Assets | 35 | 61 | 91 | 149 | 304 | 479 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 4 | -2 | 10 | -35 | -47 | -78 | |
| -2 | 0 | -1 | -0 | -0 | -29 | |
| -2 | 1 | -7 | 44 | 45 | 108 | |
| Net Cash Flow | -0 | -1 | 1 | 9 | -2 | 0 |
| Free Cash Flow | 2 | -3 | 9 | -35 | -47 | -108 |
| CFO/OP | 132% | -35% | 117% | -116% | -86% | -151% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 53 | 204 | 106 | 161 | 219 | 281 |
| Inventory Days | 71 | 73 | 26 | 36 | 31 | 26 |
| Days Payable | 59 | 210 | 124 | 103 | 168 | 131 |
| Cash Conversion Cycle | 64 | 67 | 8 | 94 | 83 | 176 |
| Working Capital Days | 20 | 39 | 17 | 5 | 72 | 61 |
| ROCE % | 11% | 36% | 39% | 33% | 22% |
Insights
In beta| Mar 2010 | Mar 2014 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Solar PV Module Manufacturing Installed Capacity MW ・Standalone data |
|
|||||
| Cumulative Solar Water Pumps Executed Numbers |
||||||
| Customer Concentration (Top 10 Clients) % |
||||||
| Order Book INR Crores |
||||||
| Capacity Utilization (Solar PV Module) % ・Standalone data |
||||||
| Employee Headcount (Consolidated) Numbers |
||||||
| Employee Headcount (Standalone) Numbers ・Standalone data |
||||||
| In-house Raw Material Fabrication (Vertical Integration) % |
||||||
Extracted by Screener AI
Documents
Announcements
-
Clarification - Financial Results
15 June 2026 - Exchange has sought clarification from Sahaj Solar Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …
-
General Updates
11 June 2026 - Sunventa Power subsidiary altered its MoA main objects to battery storage and e-mobility business on June 10, 2026.
-
Disclosure under SEBI Takeover Regulations
3 June 2026 - Sahaj Solar Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, …
-
Structural Digital Database
28 May 2026 - Filed SDD compliance certificate for year ended March 31, 2026.
-
Analysts/Institutional Investor Meet/Con. Call Updates
22 May 2026 - FY26 earnings call transcript: revenue rose to Rs419 crore, order book Rs402 crore, FY27 growth guided at 30%+
Annual reports
Concalls
-
May 2026Transcript PPT
-
Nov 2025Transcript PPT
-
Jun 2025TranscriptAI SummaryPPT
-
Apr 2025Transcript PPT REC
-
Feb 2025TranscriptAI SummaryPPT
-
Nov 2024TranscriptAI SummaryPPT
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.