---
title: "Solar91 Cleantech (1285205) Financials & Shareholding"
symbol: "1285205"
company: "Solar91 Cleantech Ltd"
canonical: "https://tapetide.com/stocks/1285205"
generated_at: "2026-11-05T01:44:40.739Z"
---

# Solar91 Cleantech (1285205)

Canonical page: https://tapetide.com/stocks/1285205

## Company

- **In the F&O segment:** No

## Key Insights

### Strengths

- Company has a good return on equity (ROE) track record: 3 Years ROE 43.2%
- Company's working capital requirements have reduced from 34.8 days to 23.7 days

## Growth Rate

Growth computed from the financial statements below. A window with no rate gives the reason instead of a figure.

Annual windows: The latest annual results are more than two years old, so no annual growth is shown.

Trailing twelve months: No quarterly results are reported.

## Financial Statements

### Profit & Loss

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | ---: | ---: | ---: |
| Sales | 41.57 | 37.58 | 42.77 |
| Expenses | 41.41 | 36.84 | 39.12 |
| Operating Profit | 0.16 | 0.74 | 3.65 |
| OPM % | 0.38% | 1.97% | 8.53% |
| Other Income | 0.44 | 0.09 | 0.2 |
| Interest | 0.14 | 0.53 | 0.63 |
| Depreciation | 0.02 | 0.03 | 0.09 |
| Profit before tax | 0.44 | 0.27 | 3.13 |
| Tax % | 27.27% | 25.93% | 25.56% |
| Net Profit | 0.32 | 0.2 | 2.34 |
| Dividend Payout % | 0% | 0% | 0% |

### Balance Sheet

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | ---: | ---: | ---: |
| Equity Capital | 0.01 | 0.02 | 0.02 |
| Reserves | 1.29 | 2.34 | 4.7 |
| Borrowings | 2.27 | 7.76 | 10.85 |
| Other Liabilities | 5.97 | 2.87 | 9.38 |
| Total Liabilities | 9.54 | 12.99 | 24.95 |
| Fixed Assets | 0.08 | 0.15 | 4.57 |
| CWIP | 0 | 1.33 | 0.21 |
| Investments | 0.09 | 0.39 | 2.74 |
| Other Assets | 9.37 | 11.12 | 17.43 |
| Total Assets | 9.54 | 12.99 | 24.95 |

### Cash Flow

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | ---: | ---: | ---: |
| Cash from Operating Activity | -3.75 | -3.34 | 3.97 |
| Cash from Investing Activity | -0.06 | -1.39 | -3.37 |
| Cash from Financing Activity | 1.31 | 5.82 | 2.47 |
| Net Cash Flow | -2.5 | 1.09 | 3.07 |
| Free Cash Flow | -3.82 | -4.78 | 0.59 |
| CFO/EBITDA | -2,269 | -442 | 132 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | ---: | ---: | ---: |
| Debtor Days | 19.76 | 26.13 | 18.35 |
| Inventory Days | 58.43 | 64.45 | 72.84 |
| Days Payable | 3.44 | 1.56 | 3.3 |
| Cash Conversion Cycle | 74.74 | 89.02 | 87.89 |
| Working Capital Days | 21.34 | 59.25 | 23.72 |
| ROCE % | — | 11.69% | 29.28% |

## Documents

### Credit ratings

| Date | Document |
| --- | --- |
| 10 Feb 2026 | [Credit rating update — CARE Ratings](https://www.careratings.com/upload/CompanyFiles/PR/202602150256_Solar91_Cleantech_Limited.pdf) |

## Frequently Asked Questions about Solar91 Cleantech

### What does Solar91 Cleantech Ltd do?

Incorporated in 2015, Solar91 Cleantech Limited is engaged in providing Engineering, Procurement, and Construction (EPC) Solar Energy Solutions to commercial and industrial clients.

## Company Information

Incorporated in 2015, Solar91 Cleantech Limited is engaged in providing Engineering, Procurement, and Construction (EPC) Solar Energy Solutions to commercial and industrial clients.

- **Face Value:** ₹10

---

Negative figures use an ASCII hyphen-minus (-) so they parse as numbers. Amounts are in Indian rupees; "Cr" is crore (10 million). Dates are Indian Standard Time.

Financial statements, shareholding and filings are as reported by the company. Price, volume and 52-week levels are market data. Technical indicators are computed by Tapetide from daily prices. The Tapetide Score is Tapetide’s own analysis. Analyst ratings and forecasts are the published estimates of third-party analysts, not company statements. The AI sections are generated text.

For research and information only, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Generated 5 Nov 2026, 07:14 IST.