---
title: "Citizen Solar (CITIZEN) Share Price, Financials & Research"
symbol: "538786"
company: "Citizen Solar Ltd"
canonical: "https://tapetide.com/stocks/538786"
isin: "INE473L01018"
bse_code: "538786"
sector: "Media"
industry: "Print Media"
generated_at: "2026-11-05T01:44:26.702Z"
---

# Citizen Solar (CITIZEN)

Canonical page: https://tapetide.com/stocks/538786

## Key Facts

- **Close:** ₹175.75 on 4 Nov 2026
- **P/E (TTM):** 5.81 as of 4 Nov 2026
- **1-year price change:** -39.86% from 4 Nov 2025 to 4 Nov 2026, adjusted for splits and bonuses, dividends excluded
- **Revenue, Jun 2026 quarter:** ₹76.77 Cr, against ₹108.72 Cr in Jun 2025 (-29.39% year on year)
- **Net profit, Jun 2026 quarter:** ₹5.77 Cr, against ₹15.20 Cr in Jun 2025 (-62.04% year on year)
- **Promoter holding:** 53.49% in Sep 2026, a change of +40.13 percentage points from Jun 2026

## Company

- **BSE code:** 538786
- **ISIN:** INE473L01018
- **Macro sector:** Industrials
- **Sector:** Media
- **Industry:** Print Media
- **Basic industry:** Other Electrical Equipment
- **In the F&O segment:** No

## Latest Price

- **Close:** ₹175.75 on 4 Nov 2026

## Key Fundamentals

Price-based figures at the 4 Nov 2026 close · EPS basis: Standalone · TTM.

- **ROCE:** 34.80%
- **Debt to Equity:** 2.52
- **EPS (TTM):** ₹30.23
- **Book Value:** ₹29.82
- **P/E (TTM):** 5.81
- **P/B:** 5.89
- **ROE:** 69.30%
- **Dividend Yield:** 0.00%
- **EBITDA:** ₹34.40 Cr
- **52W High:** ₹318.45
- **52W Low:** ₹149.00

## Key Insights

### Strengths

- Company has delivered good profit growth of 186% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 66.9%
- Promoter holding has increased by 18.7% over last quarter.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost

## Technical Indicators

As of 4 Nov 2026.

| Group | Signal | Bearish | Neutral | Bullish |
| --- | --- | ---: | ---: | ---: |
| Overall | Strong Bearish | 10 | 2 | 7 |
| Oscillators | Bearish | 4 | 2 | 3 |
| Moving Averages | Strong Bearish | 6 | 0 | 4 |

### Oscillators: Bearish

| Name | Value | Signal |
| --- | ---: | --- |
| RSI (14) | 53.46 | Neutral |
| MACD (12,26,9) | -4.74 | Bullish |
| Stochastic (14,3,3) | 84.85 | Bearish |
| ADX (14) | 26.51 | Bullish |
| Williams %R (14) | -17.69 | Bearish |
| ATR (14) | 9.01 | Neutral |
| ROC (12) | 4.77 | Bullish |
| Stoch RSI (14) | 100.00 | Bearish |
| UO (7,14,28) | 70.78 | Bearish |

### Moving Averages: Strong Bearish

| Name | Value | Signal |
| --- | ---: | --- |
| SMA (10) | 163.58 | Bullish |
| EMA (10) | 166.74 | Bullish |
| SMA (20) | 163.93 | Bullish |
| EMA (20) | 168.05 | Bullish |
| SMA (50) | 183.08 | Bearish |
| EMA (50) | 187.26 | Bearish |
| SMA (100) | 227.80 | Bearish |
| EMA (100) | 204.63 | Bearish |
| SMA (200) | 212.96 | Bearish |
| EMA (200) | 192.46 | Bearish |

### Pivot Points

| Level | Classic | Fibonacci | Camarilla |
| --- | ---: | ---: | ---: |
| R3 | 195.54 | 188.52 | 179.44 |
| R2 | 188.52 | 183.40 | 178.21 |
| R1 | 182.14 | 180.24 | 176.98 |
| PP | 175.12 | 175.12 | 175.12 |
| S1 | 168.74 | 170.00 | 174.52 |
| S2 | 161.72 | 166.84 | 173.29 |
| S3 | 155.34 | 161.72 | 172.07 |

## Growth Rate

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

| Metric | Window | Growth | What it compares |
| --- | --- | ---: | --- |
| Revenue | 10Y | 54.55% | compounded annual rate, Mar 2016 to Mar 2026 |
| Revenue | 5Y | 215% | compounded annual rate, Mar 2021 to Mar 2026 |
| Revenue | 3Y | 438% | compounded annual rate, Mar 2023 to Mar 2026 |
| Revenue | 1Y | 67.2% | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Revenue | TTM | 69.43% | four quarters to Jun 2026 vs the four to Jun 2025 |
| Net profit | 10Y | Zero base | compounded annual rate, Mar 2016 to Mar 2026: ₹0.00 Cr to ₹22.00 Cr. The starting figure is zero, so there is no rate. |
| Net profit | 5Y | Zero base | compounded annual rate, Mar 2021 to Mar 2026: ₹0.00 Cr to ₹22.00 Cr. The starting figure is zero, so there is no rate. |
| Net profit | 3Y | Zero base | compounded annual rate, Mar 2023 to Mar 2026: ₹0.00 Cr to ₹22.00 Cr. The starting figure is zero, so there is no rate. |
| Net profit | 1Y | 83.33% | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Net profit | TTM | 30.55% | four quarters to Jun 2026 vs the four to Jun 2025 |
| Operating cash flow | 10Y | Zero base | compounded annual rate, Mar 2016 to Mar 2026: ₹0.00 Cr to ₹21.00 Cr. The starting figure is zero, so there is no rate. |
| Operating cash flow | 5Y | Zero base | compounded annual rate, Mar 2021 to Mar 2026: ₹0.00 Cr to ₹21.00 Cr. The starting figure is zero, so there is no rate. |
| Operating cash flow | 3Y | Zero base | compounded annual rate, Mar 2023 to Mar 2026: ₹0.00 Cr to ₹21.00 Cr. The starting figure is zero, so there is no rate. |
| Operating cash flow | 1Y | -8.7% | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Operating cash flow | TTM | — | four quarters to Jun 2026 vs the four to Jun 2025. Reported once a year, so there is no trailing-twelve-month figure. |
| Operating margin | 10Y | +10.93 pp | compounded annual rate, Mar 2016 to Mar 2026 |
| Operating margin | 5Y | +110.93 pp | compounded annual rate, Mar 2021 to Mar 2026 |
| Operating margin | 3Y | +10.93 pp | compounded annual rate, Mar 2023 to Mar 2026 |
| Operating margin | 1Y | +0.18 pp | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Operating margin | TTM | -4.03 pp | four quarters to Jun 2026 vs the four to Jun 2025 |

## Financial Statements

### Quarterly Results

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

| Item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Sales | 1.01 | 0.33 | 1.3 | 1.28 | 0.79 | 1.82 | 0.94 | 0.5 | 109 | 3.1 | 0.09 | 110 | 76.77 |
| Expenses | 1.1 | 0.41 | 1.4 | 1.38 | 0.87 | 1.87 | 1.03 | 0.6 | 89.7 | 2.93 | 0.18 | 94.14 | 68.3 |
| Operating Profit | -0.09 | -0.08 | -0.1 | -0.1 | -0.08 | -0.05 | -0.09 | -0.1 | 19.02 | 0.17 | -0.09 | 15.63 | 8.47 |
| OPM % | -8.91% | -24.24% | -7.69% | -7.81% | -10.13% | -2.75% | -9.57% | -20% | 17.49% | 5.48% | -100% | 14.24% | 11.03% |
| Other Income | 0.09 | 0.09 | 0.11 | 0.09 | 0.09 | 0.06 | 0.1 | 0.11 | 0.1 | 0 | 0 | 0.92 | 0.14 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.38 | 0 | 0 | 0.11 | 0.94 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.5 | 0 | 0 | 0.5 | 0.6 |
| Profit before tax | 0 | 0.01 | 0.01 | -0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 18.24 | 0.17 | -0.09 | 15.94 | 7.07 |
| Tax % | — | 0% | 0% | 0% | 0% | 0% | 0% | 100% | 16.72% | 0% | 0% | 12.11% | 18.39% |
| Net Profit | 0 | 0.01 | 0.01 | -0.01 | 0.01 | 0.01 | 0.01 | 0 | 15.2 | 0.17 | -0.09 | 14.02 | 5.77 |
| EPS in Rs | 0 | 0.02 | 0.02 | -0.02 | 0.02 | 0.02 | 0.02 | 0 | 28.16 | 0.31 | -0.17 | 25.98 | 4.11 |

### Profit & Loss

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

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Sales | 5 | 4 | 3 | 3 | 2 | 1 | 1 | 1 | 2 | 4 | 186 | 311 | 190 |
| Expenses | 4 | 4 | 3 | 3 | 3 | 2 | 1 | 1 | 3 | 4 | 166 | 277 | 166 |
| Operating Profit | 1 | 0 | 0 | 0 | 0 | 0 | -1 | -1 | 0 | 0 | 20 | 34 | 24 |
| OPM % | 10% | 2.2% | -2.6% | -1.4% | -9% | -30% | -95% | -107% | -13% | -9% | 11% | 11% | 13% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 2 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 1 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16 | 30 | 23 |
| Tax % | -28% | 0% | -200% | 0% | — | -25% | 0% | 0% | 0% | 0% | 26% | 26% | — |
| Net Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12 | 22 | 20 |
| EPS in Rs | 0.44 | -0.41 | 0.06 | 0.02 | 0.04 | -0.13 | -0.2 | -0.11 | 0.02 | 0.02 | 21.55 | 41.56 | 30.23 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |

### Balance Sheet

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

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 14 | 14 |
| Reserves | 1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | 10 | 28 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18 | 106 |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14 | 30 |
| Total Liabilities | 7 | 6 | 6 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 56 | 177 |
| Fixed Assets | 2 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 22 | 43 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 79 |
| Investments | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 33 | 55 |
| Total Assets | 7 | 6 | 6 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 56 | 177 |

### Cash Flow

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

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash from Operating Activity | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23 | 21 |
| Cash from Investing Activity | 0 | 0 | -1 | -1 | 0 | 1 | 0 | 0 | 0 | 0 | -18 | -102 |
| Cash from Financing Activity | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | -6 | 81 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 |
| Free Cash Flow | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 5 | -81 |
| CFO/OP | 98 | 288 | -689 | -900 | -124 | 16 | 35 | 6 | -12 | 24 | 136 | 84 |

### Ratios

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Debtor Days | 23 | 12 | 17 | 20 | 2 | 25 | 0 | 0 | 0 | 0 | 13 | 12 |
| Inventory Days | — | — | — | — | — | — | — | 0 | 0 | 0 | 25 | 15 |
| Days Payable | — | — | — | — | — | — | — | — | — | — | 2 | 0 |
| Cash Conversion Cycle | 23 | 12 | 17 | 20 | 2 | 25 | 0 | 0 | 0 | 0 | 36 | 27 |
| Working Capital Days | -40 | -43 | -48 | -24 | -45 | -30 | 0 | 0 | 0 | 12 | 18 | -12 |
| ROCE % | 4% | -4% | 0% | 1% | 1% | -1% | -3% | -9% | 0% | 0% | 79% | 35% |

## Shareholding Pattern

### Quarterly Shareholding

Holdings in % of shares; shareholders as a count.

| Holder | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Promoters | 58.55% | 58.55% | 58.55% | 58.55% | 57.28% | 57.28% | 57.28% | 57.28% | 34.77% | 34.77% | 34.77% | 34.77% | 34.77% | 34.77% | 34.77% | 34.77% | 34.77% | 34.77% | 34.77% | 34.77% | 34.77% | 13.36% | 53.49% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| DIIs | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.15% | 0.15% |
| Government | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 37.73% | 37.74% | 37.76% | 37.76% | 39.20% | 39.28% | 38.94% | 38.10% | 60.61% | 61.15% | 61.03% | 61.05% | 60.94% | 60.98% | 60.97% | 60.98% | 61.45% | 61.35% | 61.49% | 61.40% | 61.46% | 85.23% | 44.98% |
| Others | 3.33% | 3.32% | 3.30% | 3.30% | 3.12% | 3.04% | 3.38% | 4.22% | 4.22% | 3.69% | 3.80% | 3.78% | 3.89% | 3.85% | 3.86% | 3.85% | 3.39% | 3.48% | 3.34% | 3.43% | 3.37% | 1.26% | 1.38% |
| No. of Shareholders | 6,220 | 6,246 | 6,239 | 6,411 | 7,040 | 7,114 | 6,944 | 6,775 | 6,719 | 6,686 | 6,624 | 6,608 | 6,577 | 6,524 | 6,463 | 6,524 | 6,493 | 6,457 | 6,471 | 6,450 | 6,451 | 6,365 | 6,467 |

## Documents

### Results

Latest 12 of 26.

| Date | Document |
| --- | --- |
| 2 Nov 2026 | [Unaudited Financial Results For The Quarter And Half Year Ended 30Th September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=879357a4-4df1-4b4d-a38c-2b550836d2a1.pdf) |
| 13 Aug 2026 | [Unaudited Financial Result For Quarter Ended 30.06.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d8c4a156-4186-4163-bd11-f511cef06da9.pdf) |
| 28 May 2026 | [Submission Of Audited Financial Result For Quarter Ended 31.03.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4e967ec6-b959-4ef6-8456-65e713becc10.pdf) |
| 6 Feb 2026 | [UNAUDITED FINANCIAL RESULT FOR QUARTER ENDED 31ST DECEMBER 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=be220266-4691-4eca-a07c-1522e77d992a.pdf) |
| 12 Nov 2025 | [Unaudited Financial Result For The Quarter Ended 30.09.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cbba7f02-01bc-430d-928a-e7b4bc42a61b.pdf) |
| 28 Jul 2025 | [Unaudited Financial Result For Quarter Ended 30.06.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f3f8ad7d-7787-4237-8fa4-8169a760a8cc.pdf) |
| 21 May 2025 | [Audited Financial Result For Year Ended 31.03.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=70f507fd-8c51-4242-88dc-b5d13887011a.pdf) |
| 10 Feb 2025 | [Unaudited Result For The Quarter Ended 31.12.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1560f39d-836f-4c92-85bc-ea2df1a40b26.pdf) |
| 16 Oct 2024 | [Unaudied Result For Quarter Ended 30.09.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9053d38b-4d82-45b8-910b-62ab1b97e9df.pdf) |
| 14 Aug 2024 | [Unaudited Financial Result For Q3](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7ee96b0a-b111-46d1-b08a-9ca097b6ebd4.pdf) |
| 14 Aug 2024 | [Unaudited Financial Result For Q3](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f2c7aad2-7953-4755-bef2-942caed0bef6.pdf) |
| 16 May 2024 | [Audite Resuled For Year Ended 31.03.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=913bc65d-facb-427b-917b-e80e9c710f00.pdf) |

### Annual reports

| Year | Report |
| --- | --- |
| FY2026 | [Annual report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d93b9622-ac3a-49c1-b963-aa44558a4aa4.pdf) |
| FY2025 | [Annual report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=31761c01-3b76-4a24-8381-6391e61536dc.pdf) |
| FY2024 | [Annual report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dcb03366-8de3-4021-a901-c8219de12ee1.pdf) |
| FY2023 | [Annual report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b5317b65-1052-4fde-b835-8985221c757f.pdf) |
| FY2022 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/538786/73013538786.pdf) |
| FY2021 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/538786/70839538786.pdf) |
| FY2020 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/538786/66523538786_08_09_20.pdf) |
| FY2019 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/538786/5387860319.pdf) |
| FY2018 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/538786/5387860318.pdf) |
| FY2017 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/538786/5387860317.pdf) |
| FY2016 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/538786/5387860316.pdf) |
| FY2015 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/538786/5387860315.pdf) |

### Exchange filings

Latest 12 of 57.

| Date | Document | Category |
| --- | --- | --- |
| 3 Nov 2026 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=43f6a86f-4d02-4d0a-b58c-7e8fb3d4c2b8.pdf) | General announcements |
| 2 Nov 2026 | [Board Meeting Outcome for Board Meeting Outcome For Un-Audited Standalone Financial Results For The Quarter And Half Year Ended 30Th September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=377835f4-c3fb-4b0a-b85e-b196d0e61fb1.pdf) | Outcome |
| 22 Oct 2026 | [Board Meeting Intimation for Considering And Approving The Unaudited Financial Results For The Quarter And Half Year Ended On 30Th September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ca0ecf09-0733-448d-8468-e4800412acaf.pdf) | Intimation |
| 8 Oct 2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=938047a1-efaa-45e2-bd7a-ea580bbb51aa.pdf) | General announcements |
| 25 Sep 2026 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b454c0ed-6db2-41dc-8f05-cab1ad74e134.pdf) | Intimation |
| 22 Sep 2026 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=806c0d20-0042-4e1a-a6e6-c1a34499de1c.pdf) | Outcome |
| 21 Sep 2026 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b87d843f-46a1-41cd-85e5-29c1c57afd44.pdf) | Outcome |
| 26 Aug 2026 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b82898ab-e550-4e15-b216-f531fd8334e9.pdf) | General announcements |
| 25 Aug 2026 | [Revised Intimation Of 32Nd Annual General Meeting Record Date And Book Closure - In Continuation Of Intimation Dated 24Th August 2026 Pursuant To SEBI (LODR) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=496478cf-4b62-437e-81cf-85d3d5c158f0.pdf) | Intimation |
| 24 Aug 2026 | [Intimation Of 32Nd Annual General Meeting And Fixation Of Record Date And Book Closure Pursuant To Regulations 30 And 42 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ed0b84f9-0f5b-432b-8ed9-055e82535a03.pdf) | Intimation |
| 24 Aug 2026 | [Intimation Of Book Closure Pursuant To Regulation 42 Of Securities And Exchange Board Of India (LODR) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2ea776f3-a587-41d8-a43e-09740c5685af.pdf) | Intimation |
| 24 Aug 2026 | [Intimation Of Record Date/Cut-Off Date Pursuant To Regulation 42 Of SEBI (LODR) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4e4aae6f-4d1e-4556-82c6-cbe59076e49f.pdf) | Intimation |

## Frequently Asked Questions about Citizen Solar

### What does Citizen Solar Ltd do?

Citizen Solar Ltd, formerly Citizen Infoline Ltd, manufactures solar PV modules from two facilities at Kadi, Gujarat and markets solar inverters, with transportation and solar installation/maintenance forming ancillary revenue.

### Where is Citizen Solar Ltd (CITIZEN) listed?

Citizen Solar Ltd trades under code 538786 on the BSE.

### Which sector does Citizen Solar Ltd belong to?

Citizen Solar Ltd is classified under the Media sector, in the Print Media industry.

### What is the PE ratio of Citizen Solar Ltd?

Citizen Solar Ltd trades at a PE ratio of 5.81 as of 4 Nov 2026, on earnings per share of ₹30.23, against a book value of ₹29.82 per share.

### What is the 52-week high and low of Citizen Solar Ltd?

Over the last 52 weeks Citizen Solar Ltd has traded between ₹149 and ₹318.45 as of 4 Nov 2026.

### What is the Return on Equity (ROE) of Citizen Solar Ltd?

Citizen Solar Ltd reported a return on equity of 69.30%. Its debt-to-equity ratio is 2.52.

## Company Information

Citizen Solar Ltd, formerly Citizen Infoline Ltd, manufactures solar PV modules from two facilities at Kadi, Gujarat and markets solar inverters, with transportation and solar installation/maintenance forming ancillary revenue. Citizen Solar Pvt Ltd was amalgamated into the listed entity with April 1, 2023 as the appointed date; NCLT sanctioned the scheme on March 19, 2026, after which the company was renamed Citizen Solar Ltd.

- **Website:** https://citizeninfoline.com/
- **Listed:** 20 Nov 2014
- **Face Value:** ₹10

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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.