Sahaj Solar Ltd

Sahaj Solar Ltd

₹ 595 4.99%
07 Nov - close price
About

Sahaj Solar Limited, founded in 2010, is a provider of renewable energy solutions.[1]

Key Points

Business Division[1]
PV Module Manufacturing: Their PV module manufacturing facility is located in Bavla, Ahmedabad, Gujarat. It covers an area of 2,883.77 square meters with a building of 2,445.5 square meters. The plant has a capacity of 100 MW and offers automated manufacturing of mono and polycrystalline PV modules for various solar projects in India and abroad. It also manufactures mono PERC (Passivated Emitter and Rear Contact) modules.

  • Market Cap 654 Cr.
  • Current Price 595
  • High / Low 790 / 342
  • Stock P/E 53.3
  • Book Value 77.3
  • Dividend Yield 0.00 %
  • ROCE 39.4 %
  • ROE 52.1 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 40.9%

Cons

  • Stock is trading at 7.69 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has high debtors of 176 days.
  • Working capital days have increased from 86.5 days to 129 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.

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2023 Sep 2024
55 95
52 87
Operating Profit 4 8
OPM % 7% 8%
0 1
Interest 1 2
Depreciation 1 1
Profit before tax 3 6
Tax % 40% 21%
2 4
EPS in Rs 2.09 4.02
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3 32 55 66 183 179
3 29 52 62 173 157
Operating Profit -0 2 3 4 11 22
OPM % -3% 7% 5% 6% 6% 12%
0 1 -0 0 0 0
Interest 0 1 1 2 2 4
Depreciation 0 1 1 1 1 1
Profit before tax 0 1 1 1 8 18
Tax % 25% 37% 30% 28% 26% 32%
0 0 0 1 6 12
EPS in Rs 1.15 0.75 0.88 1.95 7.42 15.20
Dividend Payout % -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 48%
TTM: -2%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 178%
TTM: 112%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 41%
Last Year: 52%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0 5 5 5 8 8 11
Reserves 0 3 4 5 8 23 74
0 16 15 17 12 52 1
2 13 8 34 60 60 64
Total Liabilities 2 37 32 61 87 144 149
0 8 8 8 7 6 6
CWIP 1 -0 -0 -0 -0 -0 -0
Investments -0 -0 0 -0 1 1 1
1 29 23 53 80 137 142
Total Assets 2 37 32 61 87 144 149

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0 3 -2 9 -32
-1 -1 0 -1 -1
1 -2 1 -7 42
Net Cash Flow -0 -0 -1 1 9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 15 71 57 206 105 176
Inventory Days 13 258 69 74 22 36
Days Payable 181 167 52 211 124 114
Cash Conversion Cycle -152 162 73 69 3 98
Working Capital Days -134 176 88 98 33 129
ROCE % 8% 11% 36% 39%

Shareholding Pattern

Numbers in percentages

Sep 2024
71.28%
1.11%
4.02%
23.60%
No. of Shareholders 1,551

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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