Saatvik Green Energy Ltd
Incorporated in 2015, Saatvik Green Energy Limited manufactures modules and offers engineering, procurement, and construction.[1]
- Market Cap ₹ 6,439 Cr.
- Current Price ₹ 507
- High / Low ₹ 580 / 420
- Stock P/E 20.6
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 52.3 %
- ROE 94.1 %
- Face Value ₹ 2.00
Pros
Cons
- 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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| Last Year: | 94% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Equity Capital | 3 | 3 | 22 |
| Reserves | 17 | 117 | 315 |
| 153 | 280 | 503 | |
| 90 | 288 | 795 | |
| Total Liabilities | 263 | 688 | 1,636 |
| 50 | 117 | 320 | |
| CWIP | 0 | 33 | 2 |
| Investments | 0 | 10 | 0 |
| 213 | 528 | 1,314 | |
| Total Assets | 263 | 688 | 1,636 |
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)-Award_of_Order_Receipt_of_Order 4m
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
14 Oct - Accepted INR 50.62 Crore solar PV module orders from IPPs/EPCs; execution through November 2025.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
14 Oct - Saatvik subsidiary received INR 638.85 Crore PV module orders; execution by June 2026.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
14 Oct - Transcript of Earnings Conference Call for the quarter ended June 30, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
10 Oct - Audio recording of earnings call (Oct 10, 2025) for quarter ended June 30, 2025 available.
Concalls
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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.