Sahaj Solar Ltd

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

₹ 80.0 3.56%
26 Oct - close price
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 ₹ 176 Cr.
  • Current Price ₹ 80.0
  • High / Low ₹ 225 / 76.9
  • Stock P/E 5.94
  • Book Value ₹ 62.9
  • Dividend Yield 0.00 %
  • ROCE 21.6 %
  • ROE 24.0 %
  • Face Value ₹ 10.0
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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

  • Though the company is reporting repeated profits, it is not paying out dividend
  • 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

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Half Yearly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025 Mar 2026
61 140 98 232 111 308
57 120 90 198 100 267
Operating Profit 4 20 8 34 11 41
OPM % 7% 14% 9% 15% 10% 13%
0 0 1 0 0 1
Interest 1 3 2 2 4 8
Depreciation 1 1 1 1 1 1
Profit before tax 3 17 6 32 7 34
Tax % 39% 30% 22% 27% 25% 26%
2 12 5 23 5 25
EPS in Rs 1.17 7.03 2.14 10.38 2.33 11.12
Raw PDF

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 0.38 0.65 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: -64%
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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 132% -35% 117% -116% -86% -151%

Ratios

Consolidated / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 53 204 106 161 218 281
Inventory Days 71 73 26 36 31 26
Days Payable 59 210 124 103 168 131
Cash Conversion Cycle 64 67 8 94 82 176
Working Capital Days 20 39 17 5 71 61
ROCE % 11% 36% 39% 33% 22%

Insights

In beta
Mar 2014 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Government Orders Share of Total Orders
%

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Solar Water Pumps Share of Revenue
%
PV Module Installed Capacity
MW
Cumulative Solar Water Pumps Executed
Count
Top 10 Customer Concentration
%
Order Book
INR Crores
Projects Signed with Companies Industrial Parks and IPPs
MW
PV Module Segment Share of Revenue
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2024Mar 2025Apr 2025Sep 2025Mar 2026Sep 2026
71.28% 71.28% 71.28% 71.28% 71.28% 71.28%
1.11% 0.03% 0.03% 0.03% 0.01% 0.01%
4.02% 1.82% 1.82% 1.25% 1.12% 0.99%
23.60% 26.87% 26.87% 27.44% 27.59% 27.72%
No. of Shareholders 1,5512,9472,9823,1963,1223,073

* 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.

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