Solarworld Energy Solutions Ltd
Incorporated in 2013, SolarWorld Energy Solutions Limited is a solar energy solutions provider specializing in engineering, procurement, and construction (EPC) services for solar power projects.[1]
- Market Cap ₹ 1,784 Cr.
- Current Price ₹ 206
- High / Low ₹ 389 / 202
- Stock P/E 22.1
- Book Value ₹ 86.4
- Dividend Yield 0.00 %
- ROCE 40.4 %
- ROE 40.2 %
- Face Value ₹ 5.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 56.6%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Debtor days have increased from 66.2 to 96.6 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 28 | 232 | 501 | 545 | 961 | |
| 26 | 211 | 432 | 438 | 859 | |
| Operating Profit | 2 | 21 | 69 | 107 | 101 |
| OPM % | 8% | 9% | 14% | 20% | 11% |
| 5 | 4 | 7 | 6 | 28 | |
| Interest | 4 | 6 | 7 | 6 | 16 |
| Depreciation | 0 | 0 | 0 | 0 | 3 |
| Profit before tax | 2 | 19 | 68 | 107 | 110 |
| Tax % | 9% | 23% | 24% | 28% | |
| 2 | 15 | 52 | 77 | 81 | |
| EPS in Rs | 68.75 | 463.75 | 1,615.31 | 10.39 | 9.76 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 170% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 215% |
| TTM: | 49% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 57% |
| Last Year: | 40% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.32 | 0.32 | 0.32 | 37 | 43 |
| Reserves | 7 | 22 | 73 | 272 | 706 |
| 52 | 65 | 61 | 115 | 204 | |
| 8 | 34 | 20 | 174 | 344 | |
| Total Liabilities | 67 | 120 | 155 | 598 | 1,298 |
| 0 | 1 | 2 | 37 | 150 | |
| CWIP | 0 | 0 | 0 | 88 | 13 |
| Investments | 6 | 7 | 9 | 7 | 0 |
| 61 | 112 | 145 | 465 | 1,134 | |
| Total Assets | 67 | 120 | 155 | 598 | 1,298 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| -4 | -7 | 7 | 54 | |
| -19 | 3 | 19 | -274 | |
| 21 | 6 | -10 | 210 | |
| Net Cash Flow | -1 | 2 | 16 | -9 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 140 | 80 | 22 | 97 |
| Inventory Days | 30 | 3 | 2 | 2 |
| Days Payable | 65 | 23 | 12 | 67 |
| Cash Conversion Cycle | 105 | 60 | 12 | 32 |
| Working Capital Days | -35 | 20 | 28 | 56 |
| ROCE % | 35% | 68% | 40% |
Documents
Announcements
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Announcement Under Regulation 30 Of LODR- Intimation Of Litigation
6 Feb - Section 9 petition filed Jan 24, 2026 over 100MW and 260MW projects; claims ~INR 92.4 crore.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
5 Feb - Of Group Meeting with Analysts / Investors under Regulation 30 of SEBI (LODR) Regulations, 2015
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
5 Feb - Of Group Meeting with Analysts / Investors under Regulation 30 of SEBI (LODR) Regulations, 2015
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
5 Feb - Crisil monitoring report: Rs5,500m IPO+Pre-IPO proceeds; majority parked in FDs; no deviations, quarter ended Dec 31, 2025.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2 Feb - Transcript of the Investor/Analyst Earning Call held on Wednesday, January 28, 2026.
Concalls
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Oct 2025TranscriptAI SummaryPPT
Business Profile[1]
Solarworld Energy Solutions Limited provides solar energy solutions with a focus on EPC (engineering, procurement, and construction) services for solar power projects, catering primarily to PSUs and commercial & industrial clients.