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 ₹ 12,554 Cr.
- Current Price ₹ 409
- High / Low ₹ 494 / 171
- Stock P/E 30.0
- Book Value ₹ 41.6
- Dividend Yield 0.00 %
- ROCE 35.1 %
- ROE 36.6 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 73.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 37.1%
Cons
- Stock is trading at 9.84 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
* 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 Industrials BSE IPO BSE 1000 Nifty IPO Nifty Smallcap 500
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 299 | 405 | 506 | 664 | 925 | 1,541 | 2,654 | 3,403 | |
| 272 | 367 | 461 | 612 | 826 | 1,292 | 2,162 | 2,764 | |
| Operating Profit | 28 | 38 | 45 | 52 | 99 | 249 | 493 | 639 |
| OPM % | 9% | 9% | 9% | 8% | 11% | 16% | 19% | 19% |
| 3 | 3 | 1 | 1 | 3 | 9 | 3 | -136 | |
| Interest | 2 | 2 | 5 | 16 | 26 | 27 | 44 | 45 |
| Depreciation | 13 | 13 | 1 | 6 | 13 | 18 | 44 | 62 |
| Profit before tax | 15 | 26 | 40 | 31 | 63 | 213 | 408 | 396 |
| Tax % | 29% | 25% | 28% | 23% | 28% | 27% | 25% | |
| 11 | 20 | 29 | 24 | 45 | 156 | 304 | 294 | |
| EPS in Rs | 7.85 | 14.48 | 20.91 | 17.86 | 18.46 | 5.58 | 9.93 | 9.80 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 46% |
| 3 Years: | 59% |
| TTM: | 95% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 73% |
| 3 Years: | 132% |
| TTM: | 131% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 34% |
| 3 Years: | 37% |
| Last Year: | 37% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 25 | 28 | 31 |
| Reserves | 11 | 31 | 167 | 179 | 215 | 369 | 1,243 |
| 125 | 142 | 141 | 215 | 205 | 395 | 520 | |
| 46 | 55 | 77 | 106 | 166 | 222 | 551 | |
| Total Liabilities | 195 | 241 | 400 | 515 | 610 | 1,014 | 2,344 |
| 89 | 83 | 114 | 232 | 276 | 418 | 673 | |
| CWIP | 0 | 0 | 0 | 8 | 0 | 0 | 201 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 106 | 158 | 286 | 274 | 334 | 596 | 1,469 | |
| Total Assets | 195 | 241 | 400 | 515 | 610 | 1,014 | 2,344 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -10 | -58 | 78 | 85 | 18 | -3 | ||
| -7 | -46 | -132 | -45 | -118 | -520 | ||
| 16 | 104 | 54 | -37 | 104 | 654 | ||
| Net Cash Flow | -2 | -0 | 0 | 4 | 4 | 131 | |
| Free Cash Flow | -18 | -91 | -60 | 38 | -99 | -515 | |
| CFO/OP | -12% | -97% | 156% | 94% | 25% | 22% |
Ratios
Standalone / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 44 | 41 | 28 | 16 | 26 | 17 | 19 |
| Inventory Days | 66 | 85 | 174 | 136 | 124 | 128 | 180 |
| Days Payable | 47 | 43 | 45 | 52 | 61 | 40 | 71 |
| Cash Conversion Cycle | 64 | 82 | 158 | 100 | 88 | 105 | 128 |
| Working Capital Days | 43 | 44 | 40 | 6 | 11 | 22 | 59 |
| ROCE % | 17% | 18% | 13% | 21% | 39% | 35% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Distributors count |
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| Shoppes (Exclusive Franchise Outlets) count |
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| Total Channel Partners count |
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| Lithium-Ion Battery Manufacturing Capacity MWh |
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| Solar Panel Manufacturing Capacity MW |
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| Dealers count |
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| Power Electronics / Inverter Manufacturing Capacity MW |
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| Solar Cell Manufacturing Capacity MW |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Regulation 74(5) certificate filed for quarter ended September 30, 2026; entire shareholding remains in demat form.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- Closure of Trading Window
- Shareholder Meeting / Postal Ballot-Outcome of AGM
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Management to attend Singapore non-deal investor roadshow from September 28 to October 2, 2026.
Concalls
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT
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Jan 2026PPT
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Dec 2025Transcript PPT REC
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’.