SOLARWORLD
Solarworld Energy Solutions Limited
Solar-plus-storage EPC and module manufacturing company
Industrials›Construction›Construction›Civil Construction
worldsolar.in(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
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What you need to know
Solarworld Energy Solutions builds utility-scale solar and battery energy storage projects on a turnkey basis for customers such as NTPC, and also makes solar modules and battery storage systems.
Company snapshot
46thBy market cap
Ranked among 90 companies in Civil Construction.
What we see
- ✗Only 4% 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
| Metric | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Sales | 68 Cr | 138 Cr | 578 Cr | 592 Cr | 168 Cr |
| Operating expenses (approx.) | 59 Cr | 123 Cr | 512 Cr | 534 Cr | 157 Cr |
| EBITDA | 9 Cr | 15 Cr | 66 Cr | 58 Cr | 11 Cr |
| OPM % | 12.9% | 11.0% | 11.4% | 9.8% | 6.6% |
| Other income | 12 Cr | 3 Cr | 10 Cr | 15 Cr | 10 Cr |
| Interest | 3 Cr | 4 Cr | 6 Cr | 7 Cr | 6 Cr |
| Depreciation | 0.17 Cr | 1 Cr | 2 Cr | 2 Cr | 2 Cr |
| Profit before tax | 17 Cr | 13 Cr | 66 Cr | 65 Cr | 13 Cr |
| Tax % | 26.2% | 26.5% | 25.6% | 24.3% | 26.1% |
| Net profit | 13 Cr | 9 Cr | 49 Cr | 49 Cr | 9 Cr |
| EPS (₹) | ₹1.74 | ₹1.24 | ₹5.68 | ₹5.66 | ₹1.10 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|
| Sales | 232 Cr | 501 Cr | 545 Cr | 1,376 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 211 Cr | 432 Cr | 436 Cr | 1,228 Cr | Sign in free for the trailing twelve months |
| EBITDA | 21 Cr | 69 Cr | 109 Cr | 148 Cr | Sign in free for the trailing twelve months |
| OPM % | 9.2% | 13.7% | 20.1% | 10.8% | Sign in free for the trailing twelve months |
| Other income | 3 Cr | 4 Cr | 6 Cr | 40 Cr | Sign in free for the trailing twelve months |
| Interest | 6 Cr | 7 Cr | 6 Cr | 21 Cr | Sign in free for the trailing twelve months |
| Depreciation | 0.23 Cr | 0.43 Cr | 0.23 Cr | 5 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 19 Cr | 68 Cr | 107 Cr | 161 Cr | Sign in free for the trailing twelve months |
| Tax % | 23.2% | 24.4% | 27.7% | 25.2% | Sign in free for the trailing twelve months |
| Net profit | 15 Cr | 52 Cr | 77 Cr | 120 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹2.30 | ₹8.00 | ₹10.68 | ₹14.95 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | 0.0% | 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
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity capital | 0.32 Cr | 0.32 Cr | 37 Cr | 43 Cr |
| Reserves | 22 Cr | 73 Cr | 272 Cr | 804 Cr |
| Borrowings | 65 Cr | 61 Cr | 115 Cr | 255 Cr |
| Other liabilities | 34 Cr | 20 Cr | 174 Cr | 585 Cr |
| Total liabilities | 120 Cr | 155 Cr | 598 Cr | 1,688 Cr |
| Fixed assets (net) | 1 Cr | 0.93 Cr | 37 Cr | 145 Cr |
| CWIP | — | — | 88 Cr | 43 Cr |
| Investments | 7 Cr | 9 Cr | 7 Cr | 6 Cr |
| Loans & advances | — | — | — | 16 Cr |
| Inventories | 2 Cr | 2 Cr | 2 Cr | 106 Cr |
| Trade receivables | 21 Cr | 30 Cr | 144 Cr | 348 Cr |
| Cash & bank | 4 Cr | 20 Cr | 11 Cr | 23 Cr |
| Other assets | 86 Cr | 92 Cr | 308 Cr | 1,001 Cr |
| Total assets | 120 Cr | 155 Cr | 598 Cr | 1,688 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Cash from operating activity | -7 Cr | 7 Cr | 54 Cr | -48 Cr |
| Cash from investing | 3 Cr | 19 Cr | -273 Cr | -477 Cr |
| Cash from financing | 6 Cr | -10 Cr | 210 Cr | 538 Cr |
| Net cash flow | 3 Cr | 16 Cr | -9 Cr | 12 Cr |
| Free cash flow (OCF − Capex) | -8 Cr | 7 Cr | -98 Cr | -108 Cr |
Ratios
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| ROCE % | 29.1% | 55.8% | 26.6% | 16.5% |
| ROE % | 67.7% | 70.2% | 24.9% | 14.2% |
| Debtor days | 32 | 22 | 96 | 92 |
| Inventory days | 3 | 2 | 3 | 35 |
| Days payable | 23 | 12 | 81 | 145 |
| Cash conversion cycle | 13 | 12 | 18 | -18 |
| OCF / EBITDA % | -33.3% | 10.4% | 49.3% | -32.7% |
| OCF / EBITDA % (3 years) | — | — | 27.0% | 3.9% |
| Debt / equity | 2.95 | 0.83 | 0.37 | 0.30 |
| Current ratio | 1.37 | 2.20 | 1.94 | 1.88 |
| Net debt / EBITDA | 2.81 | 0.59 | 0.95 | 1.57 |