Sahaj Solar Ltd
Sahaj Solar Limited, founded in 2010, is a provider of renewable energy solutions.[1]
- Market Cap ₹ 654 Cr.
- Current Price ₹ 595
- High / Low ₹ 790 / 342
- Stock P/E 49.7
- Book Value ₹ 79.1
- Dividend Yield 0.00 %
- ROCE 39.4 %
- ROE 53.2 %
- 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 42.5%
Cons
- Stock is trading at 7.53 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 161 days.
- Working capital days have increased from 86.9 days to 127 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 62 | 67 | 185 | 201 | |
| 59 | 63 | 174 | 177 | |
| Operating Profit | 3 | 4 | 11 | 24 |
| OPM % | 5% | 6% | 6% | 12% |
| 0 | 1 | 0 | 1 | |
| Interest | 1 | 2 | 2 | 4 |
| Depreciation | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 1 | 9 | 20 |
| Tax % | 29% | 28% | 24% | 32% |
| 1 | 1 | 6 | 13 | |
| EPS in Rs | 1.15 | 1.95 | 8.11 | 16.32 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 48% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 166% |
| TTM: | 109% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 43% |
| Last Year: | 53% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 8 | 8 | 11 |
| Reserves | 4 | 5 | 9 | 25 | 76 |
| 15 | 17 | 14 | 57 | 3 | |
| 10 | 34 | 61 | 60 | 65 | |
| Total Liabilities | 35 | 61 | 91 | 149 | 155 |
| 10 | 8 | 8 | 7 | 7 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 25 | 53 | 83 | 142 | 148 | |
| Total Assets | 35 | 61 | 91 | 149 | 155 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 4 | -2 | 10 | -35 | |
| -2 | 0 | -1 | -0 | |
| -2 | 1 | -7 | 44 | |
| Net Cash Flow | -0 | -1 | 1 | 9 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 53 | 204 | 106 | 161 |
| Inventory Days | 71 | 73 | 26 | 36 |
| Days Payable | 59 | 210 | 124 | 103 |
| Cash Conversion Cycle | 64 | 67 | 8 | 94 |
| Working Capital Days | 77 | 97 | 37 | 127 |
| ROCE % | 11% | 36% | 39% |
Documents
Announcements
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Incorporation-XBRL
1 November 2024 - Sahaj Solar Limited has informed regarding Incorporation
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General Updates
1 November 2024 - Sahaj Solar Limited has incorporated subsidiary company, SAHAJ RENEWABLE POWER LIMITED (Private Limited By Shares) ( having Registration No.: 80034895889113 ) in the Uganda. The …
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Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
30 October 2024 - SAHAJ SOLAR LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
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Statement of deviation(s) or variation(s) under Reg. 32
30 October 2024 - Sahaj Solar Limited has informed about statement of deviation(s) or variation(s) under Reg. 32
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Financial Result Updates
30 October 2024 - Sahaj Solar Limited has submitted to the Exchange, the financial results for the period ended September 30, 2024.
Annual reports
No data available.
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.