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 ₹ 1,239 Cr.
- Current Price ₹ 143
- High / Low ₹ 389 / 139
- Stock P/E 15.3
- 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.
Peer comparison
Industrials Construction Construction Civil Construction
Part of BSE IPO BSE Allcap BSE Industrials
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 |
| Free Cash Flow | -4 | -8 | 7 | -98 |
| CFO/OP | -173% | -14% | 29% | 84% |
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% |
Insights
In beta| Mar 2023 | Mar 2024 | Dec 2025 | Jun 2027 (P) | |
|---|---|---|---|---|
| Completed Solar EPC Projects - Total Capacity MW AC |
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| Total Unexecuted Order Book INR Million |
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| Number of Completed Projects Number |
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| Proposed Solar Cell Manufacturing Capacity GW |
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| BESS Manufacturing Capacity GW |
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| Ongoing Solar EPC Project Capacity MW AC |
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| Solar PV Module Manufacturing Capacity GW |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
16h - Won NTPC Solapur BESS EPC contract 132MW/264MWh, INR 314.26 Cr, 15-month completion.
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Announcement Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
11 Mar - Executive Committee approved bank guarantee up to ₹6.75 crore for Solarworld BESS One Pvt Ltd from Yes Bank (11 Mar 2026).
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Announcement under Regulation 30 (LODR)-Credit Rating
9 Mar - CARE Ratings withdrew Solarworld issuer rating per company request; letter dated March 05, 2026 (received March 09, 2026).
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Intimation Of Updation Of CIN On The MCA
5 Mar - CIN changed to L15100DL2013PLC255455; MCA listing status updated to Yes; shares listed Sept 30, 2025.
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Announcement under Regulation 30 (LODR)-Credit Rating
26 Feb - Crisil upgraded Solarworld to Crisil A-/Stable and A2+; bank facilities enhanced to Rs420 crore (Feb 26, 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.