Saatvik Green Energy Limited share price

NSE: SAATVIKGL · ISIN INE13B501022

Key numbers

Market cap
₹ 5,433 Cr
Current price
₹ 427.45
52-week high / low
₹ 567 / 328
Stock P/E
22.1
Book value
₹ 113.6
Dividend yield
0.00%
ROCE
32.6%
ROE
42.0%
Debt to equity
0.69
Sales growth (3 yrs)
95.5%
Profit growth (3 yrs)
322.1%
1-year return
-

About Saatvik Green Energy Limited

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.

Quarterly results

Consolidated figures in ₹ crores

Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales9167681,2571,608511
Operating profit17410815310834
Net profit1178399616
EPS (₹)9.170.317.775.060.43

Concall summary (2026-08-18)

AI summary of the earnings call transcript · tone: Neutral · source document

Guidance & outlook

  • Revenue from operations stood at INR 5,110 million, compared with INR 16,077 million in quarter four, FY26, and INR 9,157 million in quarter one, FY26.
  • EBITDA stood at INR 425 million, with an EBITDA margin of 8.33%, compared with INR 1,166 million and a 7.25% margin in quarter four, FY26, and INR1,777 million in quarter one, FY26.

Growth & demand

  • Our confirmed order book currently stands at approximately 6.35 gigawatts, representing around 132% of our current operational module capacity of 4.8 gigawatt, and providing strong forward revenue visibility.
  • We have always targeted to be about -- targeted to about 8 % to 10% of the market share and eventually that's where we see in our journey in the transformer business also, we want to be in that.

Margins & costs

  • A higher Saatvik Green Energy Limited August 14, 2026 logistics and freight cost has impacted margins, and foreign currency fluctuation has impacted our imported input costs.
  • So our guidance remains as was given earlier, between 3.5 to 4 gigawatt sales, revenue around INR6,000 crores, with a EBITDA of about 12% and a PAT margin of about 6% to 7%.

Capex & expansion

  • The Phase 1 project, spread across 57 acres, comprises 2.4 gigawatt of cell manufacturing capacity and 4 gigawatt of module manufacturing capacity.
  • Phase 2, spread across 27 acres, envisages an additional 3.6 gigawatt of cell manufacturing capacity, taking our total cell manufacturing capacity to 6 gigawatt s.

Balance sheet & cash

  • So the debt that we have at right now is approximately at INR 1,250 crores, which majorly includes our debt related to our Odisha plant.
  • So net debt wait what we are looking at would be at around INR 2,200 crores, approximately INR2,200 crores to INR2,400 crores.

Peers in Solar

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