Sahaj Solar Ltd
Incorporated in 2010, Sahaj Solar Ltd manufactures solar energy based products and provides EPC services[1]
- Market Cap ₹ 512 Cr.
- Current Price ₹ 233
- High / Low ₹ 395 / 150
- Stock P/E 18.6
- Book Value ₹ 49.4
- Dividend Yield 0.21 %
- ROCE 46.4 %
- ROE 83.4 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 66.2%
Cons
- Company might be capitalizing the interest cost
* 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
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|
62 | 67 | 185 | 201 | 330 | |
59 | 63 | 174 | 177 | 288 | |
Operating Profit | 3 | 4 | 11 | 24 | 42 |
OPM % | 5% | 6% | 6% | 12% | 13% |
0 | 1 | 0 | 1 | 1 | |
Interest | 1 | 2 | 2 | 4 | 4 |
Depreciation | 1 | 1 | 1 | 1 | 1 |
Profit before tax | 1 | 1 | 9 | 20 | 38 |
Tax % | 29% | 28% | 24% | 32% | 26% |
1 | 1 | 6 | 13 | 28 | |
EPS in Rs | 0.58 | 0.98 | 4.04 | 8.17 | 12.52 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 70% |
TTM: | 64% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 228% |
TTM: | 109% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 66% |
Last Year: | 83% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|
Equity Capital | 5 | 5 | 8 | 8 | 11 |
Reserves | 4 | 5 | 9 | 25 | 98 |
15 | 17 | 14 | 57 | 57 | |
10 | 34 | 61 | 60 | 138 | |
Total Liabilities | 35 | 61 | 91 | 149 | 304 |
10 | 8 | 8 | 7 | 6 | |
CWIP | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 |
25 | 53 | 83 | 142 | 298 | |
Total Assets | 35 | 61 | 91 | 149 | 304 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|
4 | -2 | 10 | -35 | -47 | |
-2 | 0 | -1 | -0 | -0 | |
-2 | 1 | -7 | 44 | 45 | |
Net Cash Flow | -0 | -1 | 1 | 9 | -2 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|
Debtor Days | 53 | 204 | 106 | 161 | |
Inventory Days | 71 | 73 | 26 | 36 | |
Days Payable | 59 | 210 | 124 | 103 | |
Cash Conversion Cycle | 64 | 67 | 8 | 94 | |
Working Capital Days | 77 | 97 | 37 | 127 | |
ROCE % | 11% | 36% | 39% |
Documents
Announcements
-
Analysts/Institutional Investor Meet/Con. Call Updates
29 April 2025 - Sahaj Solar reports FY25 revenue INR331Cr (+64%), PAT INR28Cr; expands capacity to 850MW by Oct 2025; order book INR304Cr.
-
Analysts/Institutional Investor Meet/Con. Call Updates
25 April 2025 - Audio recording of earnings call for half year and year ended March 31, 2025 shared.
-
Investor Presentation
25 April 2025 - Sahaj Solar FY25 investor presentation details growth, 304Cr order book, 1500MW capacity expansion by FY27.
-
Appointment
24 April 2025 - Sahaj Solar Limited has informed regarding Appointment of Mr Rohan Thakkar as Internal Auditor of the company w.e.f. April 24, 2025.
-
Appointment
24 April 2025 - Sahaj Solar Limited has informed regarding Appointment of Mr Mayur Chhaganbhai Undhad as Cost Auditor of the company w.e.f. April 24, 2025.
Annual reports
No data available.
Concalls
-
Apr 2025Transcript PPT REC
-
Feb 2025TranscriptNotesPPT
-
Nov 2024TranscriptNotesPPT
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.