Saatvik Green Energy Ltd
Incorporated in 2015, Saatvik Green Energy Limited manufactures modules and offers engineering, procurement, and construction.[1]
- Market Cap ₹ 5,718 Cr.
- Current Price ₹ 450
- High / Low ₹ 580 / 328
- Stock P/E 15.9
- Book Value ₹ 107
- Dividend Yield 0.00 %
- ROCE 32.9 %
- ROE 42.4 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company has a good return on equity (ROE) track record: 3 Years ROE 58.9%
Cons
- 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 609 | 1,088 | 2,158 | 4,548 | |
| 593 | 940 | 1,837 | 4,007 | |
| Operating Profit | 15 | 148 | 322 | 542 |
| OPM % | 2% | 14% | 15% | 12% |
| 9 | 9 | 32 | 36 | |
| Interest | 11 | 14 | 42 | 71 |
| Depreciation | 7 | 11 | 31 | 64 |
| Profit before tax | 7 | 132 | 280 | 442 |
| Tax % | 29% | 24% | 24% | 19% |
| 5 | 100 | 214 | 357 | |
| EPS in Rs | 14.05 | 297.10 | 19.11 | 28.11 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 96% |
| TTM: | 111% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 324% |
| TTM: | 67% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 59% |
| Last Year: | 42% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 3 | 3 | 22 | 25 |
| Reserves | 17 | 117 | 315 | 1,336 |
| 153 | 280 | 503 | 939 | |
| 90 | 288 | 795 | 814 | |
| Total Liabilities | 263 | 688 | 1,636 | 3,115 |
| 50 | 117 | 320 | 451 | |
| CWIP | 0 | 33 | 2 | 384 |
| Investments | 0 | 10 | 0 | 0 |
| 213 | 528 | 1,314 | 2,280 | |
| Total Assets | 263 | 688 | 1,636 | 3,115 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 5 | 44 | 43 | -27 | |
| -24 | -69 | -198 | -896 | |
| 32 | 25 | 149 | 946 | |
| Net Cash Flow | 13 | -1 | -7 | 23 |
| Free Cash Flow | -18 | -17 | -144 | -628 |
| CFO/OP | 61% | 41% | 31% | 17% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 13 | 59 | 68 | 56 |
| Inventory Days | 89 | 98 | 149 | 72 |
| Days Payable | 45 | 82 | 128 | 60 |
| Cash Conversion Cycle | 56 | 75 | 88 | 69 |
| Working Capital Days | -0 | 7 | 26 | 43 |
| ROCE % | 51% | 52% | 33% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Annual Solar Module Manufacturing Capacity MW / GW |
|
|||||||||
| Annualized Capacity Utilization (Module) % |
||||||||||
| Asset Turnover (Annualized) Times |
||||||||||
| Order Book Size GW |
||||||||||
| Solar Module Production MW |
||||||||||
| Solar Module Sales MW |
||||||||||
| Solar Water Pumps Executed Number |
||||||||||
Extracted by Screener AI
Documents
Announcements
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
8h - Annual Secretarial Compliance Report for FY ended March 31, 2026 notes one delayed related-party approval.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
2d - Received and accepted ₹171.45 crore domestic solar PV module order, to be executed by October 2026.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 25 May
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
21 May - Audio recording of May 21, 2026 earnings call on audited FY26 results available online.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 21 May
Concalls
-
May 2026Transcript PPT
-
Feb 2026Transcript PPT
-
Nov 2025Transcript PPT
-
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.