Himalayan Solar
Key Fundamentals
SMEPrice-based figures as of · TTM
- ROCE
- 45.50%
- Debt to Equity
- 0.77
- EPS (TTM)
- —
- Book Value
- ₹48.67
- Market Cap
- —
- P/E (TTM)
- —
- P/B
- 1.73
- ROE
- 57.20%
- Dividend Yield
- 0.00%
- EBITDA
- ₹31.10 Cr
- 52W High
- ₹93.00
- 52W Low
- ₹73.00
- Volume
- 0
Peer Comparison
Industrials › Electrical Equipment › Other Electrical Equipment
| ₹2,408.00 | 18.15 | ₹67,713 Cr | 4.32 | 0.17% | 32.50% | 38.40% | ₹30,043 Cr | ₹4,003 Cr | |
| ₹15,998.00 | 54.39 | ₹65,476 Cr | 7.86 | 0.39% | 20.30% | 31.80% | ₹24,389 Cr | ₹1,181 Cr | |
| ₹904.00 | 24.61 | ₹40,624 Cr | 9.53 | 0.11% | 41.00% | 32.70% | ₹8,466 Cr | ₹1,674 Cr | |
| ₹385.85 | 111.84 | ₹22,658 Cr | — | 0.00% | — | 10.40% | ₹2,348 Cr | ₹182 Cr | |
| ₹6,036.50 | 137.95 | ₹19,040 Cr | 22.57 | 0.05% | 12.60% | 15.20% | ₹1,080 Cr | ₹134 Cr | |
| ₹246.41 | 12.03 | ₹16,196 Cr | 3.89 | 0.43% | 50.70% | 44.60% | ₹6,023 Cr | ₹1,418 Cr | |
| ₹2,041.00 | 102.05 | ₹13,437 Cr | 18.92 | 0.00% | 16.50% | 19.30% | ₹1,764 Cr | ₹134 Cr | |
| Himalayan Solar (this company) | ₹84.30 | — | ₹184 Cr | 1.73 | 0.00% | 57.20% | 45.50% | — | — |
| Median 8 companies | ₹1,472.50 | 54.39 | ₹20,849 Cr | 7.86 | 0.08% | 32.50% | 32.25% | ₹6,023 Cr | ₹1,181 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Key Insights
Strengths
1- Company has a good return on equity (ROE) track record: 3 Years ROE 67.3%
Weaknesses
2- Company has high debtors of 269 days.
- Working capital days have increased from 40.9 days to 81.6 days
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bullish | 0 | 14 | 5 |
| Oscillators | Bullish | 0 | 8 | 1 |
| Moving Averages | Bullish | 0 | 6 | 4 |
Oscillators
Bullish
Overall
Bullish
Moving Averages
Bullish
Key readings
- RSI (14)
- 49.95
- Neutral
- MACD (12,26,9)
- —
- Neutral
- SMA (50)
- —
- Neutral
- SMA (200)
- —
- Neutral
As of
Growth Rate
From the financial statements below. 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.
Revenue
| 3Y | +52.43% |
|---|---|
| 1Y | +19.72% |
Net profit
| 3Y | +175.89% |
|---|---|
| 1Y | +31.25% |
Operating cash flow
| 3Y | Turned negative |
|---|---|
| 1Y | Turned negative |
Operating margin· change in pp
| 3Y | +11.40 pp |
|---|---|
| 1Y | +0.04 pp |
Trailing twelve months: No quarterly results are reported.
Revenue by year
| Mar 2023 | ₹48.00 Cr |
|---|---|
| Mar 2024 | ₹138 Cr |
| Mar 2025 | ₹142 Cr |
| Mar 2026 | ₹170 Cr |
Net profit by year
| Mar 2023 | ₹1.00 Cr |
|---|---|
| Mar 2024 | ₹5.00 Cr |
| Mar 2025 | ₹16.00 Cr |
| Mar 2026 | ₹21.00 Cr |
Profit & Loss
₹ Cr| Particulars | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 48 | 138 | 142 | 170 |
| Expenses | 45 | 130 | 117 | 140 |
| Operating Profit | 3 | 8 | 25 | 30 |
| OPM % | 6% | 6% | 18% | 18% |
| Other Income | 0 | 0 | 1 | 1 |
| Interest | 2 | 1 | 3 | 3 |
| Depreciation | 0 | 0 | 1 | 1 |
| PBT | 1 | 7 | 22 | 28 |
| Tax % | 29% | 28% | 25% | 25% |
| Net Profit | 1 | 5 | 16 | 21 |
| EPS (₹) | 0.36 | 3.05 | 10.14 | 12.74 |
| Div. Payout % | 0% | 0% | 0% | 0% |
Balance Sheet
₹ Cr| Particulars | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 16 |
| Reserves | 2 | 7 | 23 | 31 |
| Borrowings | 19 | 24 | 27 | 36 |
| Other Liabilities | 8 | 50 | 40 | 75 |
| Total Liabilities | 33 | 84 | 94 | 158 |
| Fixed Assets | 1 | 1 | 5 | 6 |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| Other Assets | 31 | 83 | 89 | 152 |
| Total Assets | 33 | 84 | 94 | 158 |
Cash Flow
₹ Cr| Particulars | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Operating | 2 | −6 | 4 | −2 |
| Investing | −2 | −6 | 0 | −3 |
| Financing | 8 | 4 | 1 | 7 |
| Net Cash Flow | 8 | −8 | 6 | 2 |
| Free Cash Flow | 2 | −6 | −1 | −4 |
| CFO/EBITDA | 72 | −65 | 23 | 13 |
Ratios
| Particulars | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Debtor Days | 91 | 107 | 170 | 269 |
| Inventory Days | 84 | 591 | — | — |
| Days Payable | 44 | 1,182 | — | — |
| Cash Conversion Cycle | 131 | −484 | 170 | 269 |
| Working Capital Days | −42 | 4 | 37 | 82 |
| ROCE % | — | 28% | 58% | 46% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Himalayan Solar insights
29 extracted metrics across FY23–FY26.
Documents
- 16 Oct 2026
- 13 Oct 2026
- 5 Oct 2026
- 5 Oct 2026
- 5 Oct 2026
Frequently Asked Questions about Himalayan Solar
What does Himalayan Solar Ltd do?
Where is Himalayan Solar Ltd (HIMALAYAN) listed?
Which sector does Himalayan Solar Ltd belong to?
What is the 52-week high and low of Himalayan Solar Ltd?
What is the Return on Equity (ROE) of Himalayan Solar Ltd?
Company Information
Incorporated in 2015, Himalayan Solar Limited specializes in providing integrated turnkey solar energy solutions, offering services including design, manufacturing, supply, installation, and commissioning of a wide range of solar products.
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