Sahaj Solar Ltd
Incorporated in 2010, Sahaj Solar Ltd manufactures solar energy based products and provides EPC services[1]
- Market Cap ₹ 535 Cr.
- Current Price ₹ 244
- High / Low ₹ 395 / 150
- Stock P/E 43.7
- Book Value ₹ 38.6
- Dividend Yield 0.19 %
- 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
- 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.
Peer comparison
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 0.60 | 0.38 | 0.44 | 0.98 | 3.70 | 7.61 |
| 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 | 0.26 | 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% |
Documents
Announcements
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Outcome of Board Meeting
3 April 2025 - Sahaj Solar Limited has informed regarding Board meeting held on April 03, 2025 allotment of securities.
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Alteration Of Capital and Fund Raising-XBRL
3 April 2025 - Sahaj Solar Limited has informed regarding Allotment of Securities
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General Updates
3 April 2025 - Sahaj Solar Limited has informed about Allotment of Securities.
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Trading Window
29 March 2025 - Sahaj Solar Limited has informed regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
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Trading Window-XBRL
29 March 2025 - SAHAJ SOLAR LIMITED has informed about Closure of Trading Window
Annual reports
No data available.
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.