Saatvik Green Energy Ltd
Incorporated in 2015, Saatvik Green Energy Limited manufactures modules and offers engineering, procurement, and construction.[1]
- Market Cap ₹ 4,993 Cr.
- Current Price ₹ 393
- High / Low ₹ 580 / 345
- Stock P/E 21.0
- Book Value ₹ 94.6
- Dividend Yield 0.00 %
- ROCE 52.3 %
- ROE 94.1 %
- Face Value ₹ 2.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 100%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 46.5 to 67.6 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 Capital Goods Electrical Equipment Other Electrical Equipment
Part of BSE IPO
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 609 | 1,088 | 2,158 | |
| 593 | 940 | 1,837 | |
| Operating Profit | 15 | 148 | 322 |
| OPM % | 2% | 14% | 15% |
| 9 | 9 | 32 | |
| Interest | 11 | 14 | 42 |
| Depreciation | 7 | 11 | 31 |
| Profit before tax | 7 | 132 | 280 |
| Tax % | 29% | 24% | 24% |
| 5 | 100 | 214 | |
| EPS in Rs | 14.05 | 297.10 | 19.11 |
| Dividend Payout % | -0% | -0% | -0% |
| Compounded Sales Growth | |
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| TTM: | 98% |
| Compounded Profit Growth | |
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| TTM: | 115% |
| Stock Price CAGR | |
|---|---|
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| Return on Equity | |
|---|---|
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| 3 Years: | 100% |
| Last Year: | 94% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 3 | 3 | 22 | 25 |
| Reserves | 17 | 117 | 315 | 1,178 |
| 153 | 280 | 503 | 628 | |
| 90 | 288 | 795 | 966 | |
| Total Liabilities | 263 | 688 | 1,636 | 2,797 |
| 50 | 117 | 320 | 403 | |
| CWIP | -0 | 33 | 2 | 33 |
| Investments | -0 | 10 | -0 | -0 |
| 213 | 528 | 1,314 | 2,360 | |
| Total Assets | 263 | 688 | 1,636 | 2,797 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 5 | 44 | 43 | |
| -24 | -69 | -198 | |
| 32 | 25 | 149 | |
| Net Cash Flow | 13 | -1 | -7 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 13 | 59 | 68 |
| Inventory Days | 89 | 98 | 149 |
| Days Payable | 45 | 82 | 128 |
| Cash Conversion Cycle | 56 | 75 | 88 |
| Working Capital Days | -0 | 7 | 26 |
| ROCE % | 51% | 52% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 1d
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Board Meeting Intimation for Approval Of Unaudited Standalone And Consolidated Financial Results For The Quarter And Nine Months Ended December 31, 2025
2d - Board meeting Feb 4, 2026 to approve Q3/9M unaudited results (Dec 31, 2025).
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
22 Jan - Material subsidiary received and accepted INR 10.15 Crore solar PV modules order, to be executed by February 2026.
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 16 Jan
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 16 Jan
Concalls
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Nov 2025Transcript PPT
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Oct 2025Transcript PPT REC
Business Profile[1][2]
The company is one of India’s leading solar PV module manufacturers, with a manufacturing capacity of 3.80 GW. It provides integrated solutions covering module manufacturing, EPC services, and O&M support, and has achieved an installed EPC base of 69.12 MW as of March 2025. Since its inception, the company has supplied over 2.50 GW of solar PV modules to domestic and international markets.