Fujiyama Power Systems Limited share price
NSE: UTLSOLAR · ISIN INE12UR01024
Key numbers
- Market cap
- ₹ 12,954 Cr
- Current price
- ₹ 422.10
- 52-week high / low
- ₹ 494 / 172
- Stock P/E
- 44.1
- Book value
- ₹ 42.9
- Dividend yield
- 0.00%
- ROCE
- 34.1%
- ROE
- 36.4%
- Debt to equity
- 0.41
- Sales growth (3 yrs)
- 58.7%
- Profit growth (3 yrs)
- 132.0%
- 1-year return
- -
About Fujiyama Power Systems Limited
Fujiyama Power Systems Limited manufactures and sells roof-top solar products and solutions under the UTL Solar and Fujiyama Solar brands in India and internationally. It offers solar power generation systems, such as solar panels, hybrid solar inverter, off and on- grid inverter, online solar power conditioning units, solar management unit, and lithium-ion and tubular lead acid batteries; power backup solutions comprising online uninterruptible power supplies and inverters; power supply solutions, including hybrid charge controller units; and electronic vehicle, marine, and engine start chargers. The company was founded in 1996 and is based in Greater Noida, India.
Quarterly results
Consolidated figures in ₹ crores
| Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 480 | 597 | 588 | 901 | 1,346 |
| Operating profit | 79 | 106 | 110 | 171 | 255 |
| Net profit | 51 | 68 | 67 | 106 | 58 |
| EPS (₹) | 1.67 | 2.20 | 2.37 | 3.58 | 1.88 |
Concall summary (2026-08-21)
AI summary of the earnings call transcript · tone: Positive · source document
Guidance & outlook
- The PM; Surya Ghar, Muft Bijli Yojana, have a target of solarizing 1 crore households, is supporting the adoption of grid rooftop solar across the country.
- 5,973 ‘million in Q1 FY26, representing a year-on-year growth of 125.3%.
Growth & demand
- So, we achieved 70% and it took a lot of efforts. but as you rightly mentioned that demand is increasing and robust demand is there.
- So, we would like to revise our guidance for the full year to 70% considering the robust demand which is there and the capacities that we are ready with in Ratlam.
Margins & costs
- Coming to our financial performance, the first quarter saw a significant increase in our scale of operations, revenue from operations growing 125% year-on-year, EBITDA increased by 140% year-on-year, EBITDA margin expanded to 18.9% from 17.7% in Q1 126.
- Reported profit after tax was INR 578 million with a margin of 4.3%.
Capex & expansion
- Furthermore, the 2 gigawatt lithium-ion battery manufacturing capacity at Ratlam is also on track for commissioning by Q2 FY27.
- Alongside our capacity expansion, we are also taking further steps towards backward integration.
Balance sheet & cash
- Just wanted to understand this downward movement in the prices of solar modules, how does that impact our margins and, obviously, that was offset by the operating leverage that kicked in.
- 200 crores will be there in Zayo in which Fujiyama's share will be 50% and in that also some debt and equity portion will be there.
Peers in Solar
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