About
Saatvik Green Energy Limited manufactures and sells solar photovoltaic modules in India and internationally. Its solar energy products include monocrystalline passive emitter and rear cell modules and N-TopCon solar modules for various applications comprising residential, commercial, and utility scale solar projects. The company also provides solar pumps, such as solar submersible and surface pumps and controllers; and end-to-end engineering, procurement, and construction services for solar projects. In addition, it offers ground-mounted and rooftop solar installation services; and operation and maintenance services. The company was incorporated in 2015 and is based in Gurugram, India.
Key Metrics
as of Sep 2026Market Cap5,399 Cr
P/E21.70
Div Yield0.00 %
Book Value₹107.00
52w High₹580.00
52w Low₹328.00
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 333.24 | 612.15 | 717.07 | 555.21 | 377.80 | 584.89 | 487.11 | 589.94 | 312.40 |
| Expenses | 336.01 | 627.89 | 692.43 | 558.67 | 368.76 | 469.18 | 462.26 | 582.30 | 272.07 |
| Operating Profit | -2.77 | -15.74 | 24.64 | -3.46 | 9.04 | 115.71 | 24.85 | 7.64 | 40.33 |
| OPM % | -0.83 | -2.57 | 3.44 | -0.62 | 2.39 | 19.78 | 5.10 | 1.30 | 12.91 |
| Other Income | 19.46 | 44.89 | 38.95 | 16.86 | 11.83 | 26.46 | 2.19 | 21.73 | 8.65 |
| Depreciation | 3.87 | 7.54 | 3.06 | 3.13 | 3.50 | 3.37 | 3.36 | 2.79 | 2.77 |
| Interest | 3.69 | 6.34 | 8.22 | 4.80 | 5.83 | 9.17 | 7.46 | 5.24 | 5.21 |
| Profit before tax | 9.13 | 15.27 | 52.31 | 5.47 | 11.54 | 129.63 | 16.22 | 21.34 | 41.00 |
| Tax % | 24.97 | 25.02 | 25.90 | 37.29 | 29.46 | 26.13 | 27.07 | 20.67 | 25.68 |
| Net Profit | 6.86 | 11.46 | 38.76 | 3.44 | 8.12 | 95.77 | 11.83 | 16.93 | 30.47 |
| EPS in Rs | 0.54 | 0.90 | 3.05 | 0.27 | 0.72 | 8.55 | 1.06 | 50.09 | 90.15 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Sales | 2,262.00 | 1,974.00 | 1,090.00 | 609.00 | 480.00 | 154.00 |
| Expenses | 2,247.00 | 1,785.00 | 940.00 | 592.00 | 463.00 | 144.00 |
| Operating Profit | 15.00 | 190.00 | 150.00 | 17.00 | 17.00 | 10.00 |
| OPM % | 0.70 | 10.00 | 14.00 | 2.80 | 3.50 | 7.00 |
| Other Income | 113.00 | 59.00 | 10.00 | 9.00 | 0.00 | 0.00 |
| Interest | 25.00 | 27.00 | 15.00 | 13.00 | 6.00 | 4.00 |
| Depreciation | 17.00 | 12.00 | 11.00 | 7.00 | 2.00 | 2.00 |
| Profit before tax | 85.00 | 209.00 | 134.00 | 7.00 | 8.00 | 4.00 |
| Tax % | 27.00 | 26.00 | 25.00 | 29.00 | 28.00 | 29.00 |
| Net Profit | 62.00 | 156.00 | 100.00 | 5.00 | 6.00 | 3.00 |
| EPS in Rs | 4.90 | 13.92 | 296.69 | 14.08 | 17.63 | 9.35 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Equity Capital | 25.00 | 22.00 | 3.00 | 3.00 | 3.00 | 3.00 |
| Reserves | 979.00 | 258.00 | 117.00 | 17.00 | 12.00 | 14.00 |
| Borrowings | 167.00 | 161.00 | 227.00 | 153.00 | 112.00 | 44.00 |
| Other Liabilities | 317.00 | 374.00 | 257.00 | 90.00 | 100.00 | 26.00 |
| Total Liabilities | 1,489.00 | 815.00 | 604.00 | 263.00 | 227.00 | 87.00 |
| Fixed Assets | 43.00 | 60.00 | 53.00 | 50.00 | 32.00 | 29.00 |
| CWIP | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Investments | 645.00 | 0.00 | 10.00 | 0.00 | 0.00 | 3.00 |
| Other Assets | 801.00 | 755.00 | 539.00 | 213.00 | 195.00 | 56.00 |
| Total Assets | 1,489.00 | 815.00 | 604.00 | 263.00 | 227.00 | 87.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 2.00 | 88.00 | 14.00 | -3.00 | -57.00 | 16.00 |
| Cash from Investing Activity | -643.00 | 3.00 | -67.00 | -18.00 | 1.00 | -3.00 |
| Cash from Financing Activity | 644.00 | -98.00 | 52.00 | 32.00 | 55.00 | -11.00 |
| Net Cash Flow | 3.00 | -7.00 | -1.00 | 11.00 | -1.00 | 1.00 |
| Free Cash Flow | -6.00 | 80.00 | 7.00 | -21.00 | -58.00 | 13.00 |
| CFO/OP % | 369.00 | 70.00 | 20.00 | 10.00 | -334.00 | 161.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Debtor Days | 51.00 | 71.00 | 62.00 | 13.00 | 8.00 | 28.00 |
| Inventory Days | 37.00 | 42.00 | 93.00 | 89.00 | 109.00 | 61.00 |
| Days Payable | 46.00 | 57.00 | 79.00 | 45.00 | 62.00 | 52.00 |
| Cash Conversion Cycle | 42.00 | 55.00 | 75.00 | 56.00 | 55.00 | 37.00 |
| Working Capital Days | 50.00 | 45.00 | 23.00 | 1.00 | 0.00 | 39.00 |
| ROCE % | 14.00 | 60.00 | 57.00 | 13.00 | 15.00 | — |
Corporate Actions
No corporate actions recorded.
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update10 Feb from crisil
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Rating update23 May 2025 from crisil
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Rating update21 Apr 2025 from crisil