---
title: "Himalayan Solar (HIMALAYAN) Share Price, Financials & Research"
symbol: "HIMALAYAN"
company: "Himalayan Solar Ltd"
canonical: "https://tapetide.com/stocks/HIMALAYAN"
isin: "INE1B7I01014"
nse_symbol: "HIMALAYAN"
sector: "Industrials"
industry: "Electrical Equipment"
generated_at: "2026-11-05T01:39:57.816Z"
---

# Himalayan Solar (HIMALAYAN)

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

## Key Facts

- **Price:** ₹84.30 as of 4 Nov 2026, 12:57 IST
- **Promoter holding:** 100.00% in Sep 2026, unchanged from Sep 2025

## Company

- **NSE symbol:** HIMALAYAN
- **ISIN:** INE1B7I01014
- **Macro sector:** Industrials
- **Sector:** Industrials
- **Industry:** Electrical Equipment
- **Basic industry:** Other Electrical Equipment
- **In the F&O segment:** No

## Latest Price

- **Price:** ₹84.30
- **Change:** No trade today
- **Previous Close:** ₹84.30
- **As of:** 4 Nov 2026, 12:57 IST

## Key Fundamentals

Price-based figures as of 4 Nov 2026, 12:57 IST · TTM.

- **ROCE:** 45.50%
- **Debt to Equity:** 0.77
- **Book Value:** ₹48.67
- **P/B:** 1.73
- **ROE:** 57.20%
- **Dividend Yield:** 0.00%
- **EBITDA:** ₹31.10 Cr
- **52W High:** ₹93.00
- **52W Low:** ₹73.00

## Peer Comparison

Classification: Industrials › Electrical Equipment › Other Electrical Equipment

| Company | Price | P/E | Market Cap | P/B | Div Yield | ROE | ROCE | Sales TTM | Net Profit TTM |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| [Waaree Energies Ltd (WAAREEENER)](https://tapetide.com/stocks/WAAREEENER) | ₹2,408.00 | 18.15 | ₹67,713 Cr | 4.32 | 0.17% | 32.50% | 38.40% | ₹30,043 Cr | ₹4,003 Cr |
| [Apar Industries Ltd (APARINDS)](https://tapetide.com/stocks/APARINDS) | ₹15,998.00 | 54.39 | ₹65,476 Cr | 7.86 | 0.39% | 20.30% | 31.80% | ₹24,389 Cr | ₹1,181 Cr |
| [Premier Energies Ltd (PREMIERENE)](https://tapetide.com/stocks/PREMIERENE) | ₹904.00 | 24.61 | ₹40,624 Cr | 9.53 | 0.11% | 41.00% | 32.70% | ₹8,466 Cr | ₹1,674 Cr |
| [Diamond Power Infrastructure Ltd (DIACABS)](https://tapetide.com/stocks/DIACABS) | ₹385.85 | 111.84 | ₹22,658 Cr | — | 0.00% | — | 10.40% | ₹2,348 Cr | ₹182 Cr |
| [MTAR Technologies Ltd (MTARTECH)](https://tapetide.com/stocks/MTARTECH) | ₹6,036.50 | 137.95 | ₹19,040 Cr | 22.57 | 0.05% | 12.60% | 15.20% | ₹1,080 Cr | ₹134 Cr |
| [Emmvee Photovoltaic Power Ltd (EMMVEE)](https://tapetide.com/stocks/EMMVEE) | ₹246.41 | 12.03 | ₹16,196 Cr | 3.89 | 0.43% | 50.70% | 44.60% | ₹6,023 Cr | ₹1,418 Cr |
| [Avalon Technologies Ltd (AVALON)](https://tapetide.com/stocks/AVALON) | ₹2,041.00 | 102.05 | ₹13,437 Cr | 18.92 | 0.00% | 16.50% | 19.30% | ₹1,764 Cr | ₹134 Cr |
| [Himalayan Solar Ltd (HIMALAYAN)](https://tapetide.com/stocks/HIMALAYAN) (this company) | ₹84.30 | — | ₹184 Cr | 1.73 | 0.00% | 57.20% | 45.50% | — | — |
| Median of 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

- Company has a good return on equity (ROE) track record: 3 Years ROE 67.3%

### Weaknesses

- Company has high debtors of 269 days.
- Working capital days have increased from 40.9 days to 81.6 days

## Technical Indicators

As of 4 Nov 2026.

| Group | Signal | Bearish | Neutral | Bullish |
| --- | --- | ---: | ---: | ---: |
| Overall | Bullish | 0 | 14 | 5 |
| Oscillators | Bullish | 0 | 8 | 1 |
| Moving Averages | Bullish | 0 | 6 | 4 |

### Oscillators: Bullish

| Name | Value | Signal |
| --- | ---: | --- |
| RSI (14) | 49.95 | Neutral |
| MACD (12,26,9) | — | Neutral |
| Stochastic (14,3,3) | 49.95 | Neutral |
| ADX (14) | — | Neutral |
| Williams %R (14) | -47.15 | Neutral |
| ATR (14) | 5.81 | Neutral |
| ROC (12) | 2.37 | Bullish |
| Stoch RSI (14) | — | Neutral |
| UO (7,14,28) | — | Neutral |

### Moving Averages: Bullish

| Name | Value | Signal |
| --- | ---: | --- |
| SMA (10) | 82.85 | Bullish |
| EMA (10) | 83.23 | Bullish |
| SMA (20) | 82.38 | Bullish |
| EMA (20) | 82.59 | Bullish |
| SMA (50) | — | Neutral |
| EMA (50) | — | Neutral |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Pivot Points

| Level | Classic | Fibonacci | Camarilla |
| --- | ---: | ---: | ---: |
| R3 | 84.44 | 84.37 | 84.33 |
| R2 | 84.37 | 84.33 | 84.32 |
| R1 | 84.34 | 84.31 | 84.31 |
| PP | 84.27 | 84.27 | 84.27 |
| S1 | 84.24 | 84.23 | 84.29 |
| S2 | 84.17 | 84.21 | 84.28 |
| S3 | 84.14 | 84.17 | 84.27 |

## 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 | 3Y | 52.43% | compounded annual rate, Mar 2023 to Mar 2026 |
| Revenue | 1Y | 19.72% | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Net profit | 3Y | 176% | compounded annual rate, Mar 2023 to Mar 2026 |
| Net profit | 1Y | 31.25% | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Operating cash flow | 3Y | Turned negative | compounded annual rate, Mar 2023 to Mar 2026: ₹2.00 Cr to -₹2.00 Cr. A cash inflow at the start and an outflow at the end. |
| Operating cash flow | 1Y | Turned negative | fiscal year to Mar 2026 vs the year to Mar 2025: ₹4.00 Cr to -₹2.00 Cr. A cash inflow at the start and an outflow at the end. |
| Operating margin | 3Y | +11.40 pp | compounded annual rate, Mar 2023 to Mar 2026 |
| Operating margin | 1Y | +0.04 pp | fiscal year to Mar 2026 vs the year to Mar 2025 |

Trailing twelve months: No quarterly results are reported.

## Financial Statements

### Profit & Loss

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

| Item | 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 |
| Profit before tax | 1 | 7 | 22 | 28 |
| Tax % | 29% | 28% | 25% | 25% |
| Net Profit | 1 | 5 | 16 | 21 |
| EPS in Rs | 0.36 | 3.05 | 10.14 | 12.74 |
| Dividend Payout % | 0% | 0% | 0% | 0% |

### Balance Sheet

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

| Item | 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

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

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: | ---: |
| Cash from Operating Activity | 2 | -6 | 4 | -2 |
| Cash from Investing Activity | -2 | -6 | 0 | -3 |
| Cash from Financing Activity | 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

| Item | 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% |

## Shareholding Pattern

### Quarterly Shareholding

Holdings in % of shares; shareholders as a count.

| Holder | Sep 2025 | Sep 2026 |
| --- | ---: | ---: |
| Promoters | 100.00% | 100.00% |
| FIIs | 0.00% | 0.00% |
| DIIs | 0.00% | 0.00% |
| Government | 0.00% | 0.00% |
| Public | 0.00% | 0.00% |
| Others | 0.00% | 0.00% |
| No. of Shareholders | 7 | 8 |

## Documents

### Exchange filings

| Date | Document |
| --- | --- |
| 16 Oct 2026 | [Action(s) taken or orders passed](https://nsearchives.nseindia.com/corporate/HIMALAYAN_16102026170314_ROC_Adjudication_Disclosure.pdf) |
| 13 Oct 2026 | [Trading Window](https://nsearchives.nseindia.com/corporate/HIMALAYAN_13102026165045_Trading_window_closure_Announcement.pdf) |
| 5 Oct 2026 | [Updates](https://nsearchives.nseindia.com/corporate/HIMALAYAN_05102026211512_KMP_for_materiality_of_events.pdf) |
| 5 Oct 2026 | [Updates](https://nsearchives.nseindia.com/corporate/HIMALAYAN_05102026210550_6_1__-_SEBI_LODR.pdf) |
| 5 Oct 2026 | [Updates](https://nsearchives.nseindia.com/corporate/HIMALAYAN_05102026212729_7_1__-_SEBI_LODR.pdf) |

## Frequently Asked Questions about Himalayan Solar

### What does Himalayan Solar Ltd do?

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.

### Where is Himalayan Solar Ltd (HIMALAYAN) listed?

Himalayan Solar Ltd trades as HIMALAYAN on the NSE.

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

Himalayan Solar Ltd is classified under the Industrials sector, in the Electrical Equipment industry.

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

Over the last 52 weeks Himalayan Solar Ltd has traded between ₹73 and ₹93 as of 4 Nov 2026.

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

Himalayan Solar Ltd reported a return on equity of 57.20%. Its debt-to-equity ratio is 0.77.

## 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.

- **Listed:** 5 Oct 2026
- **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, 07:09 IST.