SAATVIKGL

Saatvik Green Energy Limited

Integrated clean-energy platform with solar modules and related solutions

Industrials›Capital Goods›Electrical Equipment›Other Electrical Equipment

saatvikgroup.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-19

Stock price
₹387.40
Market cap
4,924 Cr
Stock P/E
19.8
P/B
3.62
ROE (FY26)
26.3%
ROCE (FY26)
22.9%
Operating margin (FY26)
10.5%
Debt / equity (FY26)
0.65
OCF / EBITDA (FY26)
-4.9%
OCF / EBITDA (3Y)
5.9%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Saatvik Green Energy makes solar modules, sold mainly to utilities and also to commercial and industrial (C&I) customers, retail buyers and solar project builders across India.

Company snapshot

13thBy market cap

Ranked among 32 companies in Other Electrical Equipment.

What we see

Positives
  • ✓Return on equity of 26.3% — the company generates strong returns on shareholders' money.
Concerns
  • ✗Only 6% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricJun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales916 Cr768 Cr1,257 Cr1,608 Cr511 Cr
Operating expenses (approx.)739 Cr660 Cr1,104 Cr1,500 Cr477 Cr
EBITDA177 Cr108 Cr153 Cr108 Cr34 Cr
OPM %19.3%14.1%12.2%6.7%6.6%
Other income4 Cr15 Cr11 Cr9 Cr9 Cr
Interest19 Cr14 Cr23 Cr16 Cr22 Cr
Depreciation12 Cr14 Cr15 Cr23 Cr13 Cr
Profit before tax150 Cr96 Cr127 Cr74 Cr7 Cr
Tax %20.5%13.5%22.2%18.2%27.6%
Net profit119 Cr83 Cr99 Cr60 Cr5 Cr
EPS (₹)₹10.60₹7.40₹8.41₹5.06₹0.43

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2023Mar 2024Mar 2025Mar 2026TTM
Sales609 Cr1,088 Cr2,158 Cr4,548 CrSign in free for the trailing twelve months
Operating expenses (approx.)594 Cr940 Cr1,839 Cr4,007 CrSign in free for the trailing twelve months
EBITDA15 Cr148 Cr320 Cr542 CrSign in free for the trailing twelve months
OPM %2.4%13.6%14.8%11.9%Sign in free for the trailing twelve months
Other income9 Cr9 Cr34 Cr40 CrSign in free for the trailing twelve months
Interest11 Cr14 Cr42 Cr71 CrSign in free for the trailing twelve months
Depreciation7 Cr11 Cr31 Cr64 CrSign in free for the trailing twelve months
Profit before tax7 Cr132 Cr280 Cr442 CrSign in free for the trailing twelve months
Tax %28.8%23.8%23.7%19.1%Sign in free for the trailing twelve months
Net profit5 Cr100 Cr214 Cr357 CrSign in free for the trailing twelve months
EPS (₹)₹0.42₹8.96₹19.09₹29.83Sign in free for the trailing twelve months
Dividend payout %———0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2023Mar 2024Mar 2025Mar 2026
Equity capital3 Cr3 Cr22 Cr25 Cr
Reserves17 Cr117 Cr315 Cr1,336 Cr
Borrowings144 Cr263 Cr458 Cr881 Cr
Other liabilities98 Cr304 Cr840 Cr872 Cr
Total liabilities263 Cr688 Cr1,636 Cr3,115 Cr
Fixed assets (net)41 Cr101 Cr259 Cr309 Cr
CWIP—33 Cr2 Cr384 Cr
Investments—10 Cr—0 Cr
Loans & advances———8 Cr
Inventories132 Cr221 Cr650 Cr702 Cr
Trade receivables21 Cr177 Cr400 Cr699 Cr
Cash & bank13 Cr12 Cr5 Cr28 Cr
Other assets55 Cr135 Cr320 Cr986 Cr
Total assets263 Cr688 Cr1,636 Cr3,115 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity5 Cr44 Cr43 Cr-27 Cr
Cash from investing-24 Cr-69 Cr-198 Cr-896 Cr
Cash from financing32 Cr25 Cr149 Cr946 Cr
Net cash flow13 Cr-0.93 Cr-7 Cr23 Cr
Free cash flow (OCF − Capex)-19 Cr-16 Cr-127 Cr-628 Cr

Ratios

MetricMar 2023Mar 2024Mar 2025Mar 2026
ROCE %10.5%38.0%40.6%22.9%
ROE %23.4%83.2%63.4%26.3%
Debtor days13596756
Inventory days8712320873
Days payable4410317960
Cash conversion cycle55799769
OCF / EBITDA %n.m.29.5%13.3%-4.9%
OCF / EBITDA % (3 years)——18.9%5.9%
Debt / equity7.132.181.360.65
Current ratio1.071.111.141.43
Net debt / EBITDA8.851.701.421.58