Fujiyama Power Systems Ltd
Founded in 2017, Fujiyama Power Systems Limited manufactures products and provides solutions in the rooftop solar industry, including on-grid, off-grid, and hybrid solar systems.[1]
- Market Cap ₹ 6,704 Cr.
- Current Price ₹ 219
- High / Low ₹ 231 / 205
- Stock P/E 42.9
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 38.9 %
- ROE 49.1 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 70.9% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 31.3%
Cons
* 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 BSE IPO
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 299 | 405 | 506 | 664 | 925 | 1,541 | |
| 272 | 367 | 461 | 612 | 826 | 1,292 | |
| Operating Profit | 28 | 38 | 45 | 52 | 99 | 249 |
| OPM % | 9% | 9% | 9% | 8% | 11% | 16% |
| 3 | 3 | 1 | 1 | 3 | 9 | |
| Interest | 2 | 2 | 5 | 16 | 26 | 27 |
| Depreciation | 13 | 13 | 1 | 6 | 13 | 18 |
| Profit before tax | 15 | 26 | 40 | 31 | 63 | 213 |
| Tax % | 29% | 25% | 28% | 23% | 28% | 27% |
| 11 | 20 | 29 | 24 | 45 | 156 | |
| EPS in Rs | 7.85 | 14.48 | 20.91 | 17.86 | 18.46 | 5.58 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 39% |
| 3 Years: | 45% |
| TTM: | 67% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 71% |
| 3 Years: | 76% |
| TTM: | 245% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 31% |
| Last Year: | 49% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 25 | 28 |
| Reserves | 11 | 31 | 167 | 179 | 215 | 369 |
| 125 | 142 | 141 | 215 | 205 | 395 | |
| 46 | 55 | 77 | 106 | 166 | 222 | |
| Total Liabilities | 195 | 241 | 400 | 515 | 610 | 1,014 |
| 89 | 83 | 114 | 232 | 276 | 418 | |
| CWIP | 0 | 0 | 0 | 8 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 106 | 158 | 286 | 274 | 334 | 596 | |
| Total Assets | 195 | 241 | 400 | 515 | 610 | 1,014 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -10 | -58 | 78 | 85 | 18 | ||
| -7 | -46 | -132 | -45 | -118 | ||
| 16 | 104 | 54 | -37 | 104 | ||
| Net Cash Flow | -2 | -0 | 0 | 4 | 4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 44 | 41 | 28 | 16 | 26 | 17 |
| Inventory Days | 66 | 85 | 174 | 136 | 124 | 128 |
| Days Payable | 47 | 43 | 45 | 52 | 61 | 40 |
| Cash Conversion Cycle | 64 | 82 | 158 | 100 | 88 | 105 |
| Working Capital Days | 43 | 44 | 40 | 6 | 11 | 22 |
| ROCE % | 17% | 18% | 13% | 21% | 39% |
Documents
Announcements
-
Disclosure Under Regulation 30(5) Of The SEBI (LODR) Regulations 2015
1d - Notifies authorized KMPs (Garg, Dua, Prashant Gupta, Mayuri Gupta) for materiality disclosures, dated Nov 22, 2025.
-
Closure of Trading Window
1d - Trading window closed from Nov 22, 2025 until 48 hours after Q2/H1 un-audited results for period ended Sept 30, 2025.
- Listing of Equity Shares of Fujiyama Power Systems Ltd 20 Nov
Annual reports
No data available.
Business Profile[1]
The company is a roof-top solar products manufacturer and solutions provider, operating in on-grid, off-grid, and hybrid solar categories. It manufactures solar panels, solar inverters (on-grid, off-grid, hybrid), lead-acid & lithium-ion batteries, and is backed by strong in-house R&D with 65 engineers. It has over 29 years of legacy under the brands ‘UTL Solar’ and ‘Fujiyama Solar’.