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Saatvik Green Energy

SAATVIKGL NSE
₹368.50 +10.75 (+3.00%)
P/E
19.01
View as Markdown
MCP
Close 4 Nov 2026 ₹368.50 −169.25 −31.5% 1Y
Start ₹537.75

Key Fundamentals

MicrocapElectrical EquipmentCapital Goods

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
33.00%
Debt to Equity
0.69
EPS (TTM)
₹19.38
Book Value
₹107.08
Market Cap
—
P/E (TTM)
19.01
P/B
3.44
ROE
42.30%
Dividend Yield
0.00%
EBITDA
₹581 Cr
52W High
₹551.80
52W Low
₹328.00
Day Range
₹353.30 – ₹371.30
Volume
19,277

Peer Comparison

Industrials › Capital Goods › Other Electrical Equipment

Saatvik Green Energy peer comparison
Waaree Energies
₹2,408.0018.15₹67,713 Cr4.320.17%32.50%38.40%₹30,043 Cr₹4,003 Cr
Apar Industries
₹15,998.0054.39₹65,476 Cr7.860.39%20.30%31.80%₹24,389 Cr₹1,181 Cr
Premier Energies
₹904.0024.61₹40,624 Cr9.530.11%41.00%32.70%₹8,466 Cr₹1,674 Cr
Diamond Power Infrastructure
₹385.85111.84₹22,658 Cr—0.00%—10.40%₹2,348 Cr₹182 Cr
MTAR Technologies
₹6,036.50137.95₹19,040 Cr22.570.05%12.60%15.20%₹1,080 Cr₹134 Cr
Emmvee Photovoltaic Power
₹246.4112.03₹16,196 Cr3.890.43%50.70%44.60%₹6,023 Cr₹1,418 Cr
Avalon Technologies
₹2,041.00102.05₹13,437 Cr18.920.00%16.50%19.30%₹1,764 Cr₹134 Cr
Saatvik Green Energy (this company)
₹368.5019.01₹4,601 Cr3.440.00%42.30%33.00%₹4,144 Cr₹246 Cr
Median 8 companies₹1,472.5039.50₹20,849 Cr7.860.08%32.50%32.25%₹5,084 Cr₹713 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.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

47 Average

Data confidence 98/100

Category scores

Quality
40
Weak
Returns, margins, earnings quality 22% weight
Valuation
43
Weak
Cheap vs sector & own history 24% weight
Growth
90
Strong
Sales & profit trajectory 9% weight
Financial Health
34
Poor
Solvency, leverage, coverage 9% weight
Momentum
22
Poor
Trend strength, vol-adjusted 12% weight
Ownership
56
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 59.0%

Weaknesses

1
  • Though the company is reporting repeated profits, it is not paying out dividend

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1063
OscillatorsBearish261
Moving AveragesStrong Bearish802

Key readings

RSI (14)
43.83
Neutral
MACD (12,26,9)
−14.47
Bullish
SMA (50)
400.92
Bearish
SMA (200)
419.96
Bearish

As of

Analyst Rating

Based on 2 analysts
BUY100%

2 of 2 analysts rate Buy, 0 Hold, 0 Sell.

As of

BUY
2
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
3Y+95.46%
1Y+110.75%
TTM+46.52%

Net profit

Net profit growth by window
3Y+314.86%
1Y+64.52%
TTM−21.93%

Operating cash flow

Operating cash flow growth by window
3YTurned negative
1YTurned negative
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
3Y+9.48 pp
1Y−3.31 pp
TTM−6.95 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2023₹609 Cr
Mar 2024₹1,088 Cr
Mar 2025₹2,158 Cr
Mar 2026₹4,548 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2023₹5.00 Cr
Mar 2024₹100 Cr
Mar 2025₹217 Cr
Mar 2026₹357 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹50.40 Cr +18.3% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 4 Jun 2026
AI opinion · based on fundamentals
Risk high

Saatvik Green Energy demonstrates exceptional growth with TTM sales growth of 111% and 3-year compounded profit CAGR of 324%, supported by a strong ROE of 42% last year. At a PE of 16.5x, the stock appears reasonably valued for a high-growth renewable energy company in the Industrials sector with a market cap of Rs 5,905 Cr.

Bull Case 7
  • TTM sales growth of 111% indicates massive revenue acceleration, reflecting strong demand for solar energy products in India
  • 3-year compounded profit CAGR of 324% demonstrates extraordinary earnings scalability and operating leverage
  • PE ratio of 16.5x is attractive for a company growing profits at 67% TTM, implying a PEG ratio of approximately 0.25x
  • 3-year ROE of 59% and last year ROE of 42% indicate highly efficient capital deployment well above industry averages
  • Company is expected to deliver a good upcoming quarter, suggesting continued momentum in order book execution
  • Market cap of Rs 5,905 Cr positions it as a mid-cap with significant room for re-rating as the green energy sector attracts institutional flows
  • Price-to-book ratio of 4.33x is justified by the 42% ROE, as high return businesses typically command premium valuations
Bear Case 8
  • Zero dividend yield despite repeated profitability suggests management is not returning capital to shareholders
  • Only 1 analyst covers the stock, indicating limited institutional research coverage and potential liquidity risk
  • 5-year and 10-year growth data unavailable, suggesting the company has a short listed history with limited track record
  • Debt-to-equity ratio is undisclosed (null), creating uncertainty about leverage and balance sheet health
  • 52-week high and low both showing as 0 indicates insufficient price history data, making technical analysis difficult
  • EPS data is unavailable, limiting ability to verify earnings quality and per-share profitability trends
  • Price-to-book of 4.33x means investors pay a significant premium over book value, increasing downside risk if growth decelerates
  • ROE declined from 59% (3-year average) to 42% (last year), a 17 percentage point drop suggesting potential margin compression ahead

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

153d ago

TL;DR: Saatvik Green Energy is delivering strong growth with a 64% jump in FY26 net profit and continued order wins in the solar PV module space. No visible headwinds emerged in recent news flow. The trend is clearly improving, supported by robust domestic demand for solar modules and healthy execution timelines extending into late 2026.

Positives 2
  • FY26 net profit up 64% May 20

    Consolidated net profit rose to ₹3,571.15 million in FY26 from ₹2,171.48 million in FY25, with revenue from operations surging to ₹45,484.37 million.

  • ₹171 crore solar module order May 26

    Won a ₹171.45 crore order for solar PV modules from a domestic EPC player, scheduled for execution by October 2026.

Neutral 2
  • Investor meet on May 22 May 19

    Physical one-on-one meeting with analysts and investors in Mumbai on May 22, 2026. No unpublished price sensitive information to be discussed.

  • Board meet for Q4/FY26 results May 12

    Board meeting scheduled for May 20, 2026 to approve standalone and consolidated audited financial results for Q4 and FY26 ended March 31, 2026.

Quarterly Results

₹ Cr
SAATVIKGL quarterly results, ₹ crore
Particulars Jun 2023Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
234
246
475
518
919
916
768
1,257
1,608
511
Expenses
213
214
407
450
762
739
660
1,106
1,500
477
Operating Profit
20.94
32.48
68.06
68.15
157
177
108
151
108
33.83
OPM %
8.97%
13.2%
14.32%
13.15%
17.09%
19.33%
14.11%
12.02%
6.7%
6.62%
Other Income
2.44
8.12
20.83
2.11
3.02
4.01
15.15
11.44
5.01
8.72
Interest
3.28
6.65
8.61
12.48
16.48
19.04
13.63
23.12
15.5
21.74
Depreciation
1.14
4.35
5.44
9.44
11.94
12.46
13.69
14.7
23.32
13.41
PBT
18.96
29.6
74.84
48.34
132
150
96.2
125
73.83
7.4
Tax %
26.27%
28.21%
18.47%
16.32%
28.07%
20.55%
13.48%
22.32%
18.16%
27.57%
Net Profit
13.98
21.24
61.03
40.45
94.71
119
83.24
96.92
60.42
5.36
EPS (₹)
1.38
2.09
6.03
3.61
8.45
10.6
6.55
7.63
4.77
0.43

Profit & Loss

₹ Cr
SAATVIKGL profit and loss, annual, ₹ crore
Particulars Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
609
1,088
2,158
4,548
4,144
Expenses
593
940
1,829
4,006
3,743
Operating Profit
15
148
329
543
401
OPM %
2.5%
14%
15%
12%
10%
Other Income
9
9
32
36
40
Interest
11
14
46
71.3
74
Depreciation
7
11
31
64
65
PBT
7
132
284
442
302
Tax %
29%
24%
24%
19%
—
Net Profit
5
100
217
357
246
EPS (₹)
0.47
9.89
19.38
28.1
19.38
Div. Payout %
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
SAATVIKGL balance sheet, annual, ₹ crore
Particulars Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
3
3
22
25
Reserves
17
117
318
1,336
Borrowings
153
280
503
939
Other Liabilities
90
288
795
814
Total Liabilities
263
688
1,639
3,114
Fixed Assets
50
117
320
451
CWIP
0
33
2
384
Investments
0
10
0
0
Other Assets
213
528
1,318
2,279
Total Assets
263
688
1,639
3,114

Cash Flow

₹ Cr
SAATVIKGL cash flow, annual, ₹ crore
Particulars Mar 2023Mar 2024Mar 2025Mar 2026
Operating
5
44
43
−27
Investing
−24
−69
−198
−896
Financing
32
25
149
946
Net Cash Flow
13
−1
−7
23
Free Cash Flow
−18
−17
−144
−628
CFO/EBITDA
61
41
30
17

Ratios

SAATVIKGL financial ratios, annual
Particulars Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
13
59
68
56
Inventory Days
89
98
150
72
Days Payable
45
82
128
60
Cash Conversion Cycle
56
75
89
69
Working Capital Days
0
7
26
43
ROCE %
—
51%
53%
33%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Saatvik Green Energy insights

59 extracted metrics across FY22–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 75.99%
  • DIIs 11.14%
  • Others 9.18%
  • Public 3.58%
  • FIIs 0.11%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Saatvik Green Energy

What does Saatvik Green Energy Ltd do?
Incorporated in 2015, Saatvik Green Energy Limited manufactures modules and offers engineering, procurement, and construction.
Where is Saatvik Green Energy Ltd (SAATVIKGL) listed?
Saatvik Green Energy Ltd trades as SAATVIKGL on the NSE and under code 544526 on the BSE.
Which sector does Saatvik Green Energy Ltd belong to?
Saatvik Green Energy Ltd is classified under the Capital Goods sector, in the Other Electrical Equipment industry.
What is the PE ratio of Saatvik Green Energy Ltd?
Saatvik Green Energy Ltd trades at a PE ratio of 19.01 as of 4 Nov 2026, on earnings per share of ₹19.38, against a book value of ₹107.08 per share.
What is the 52-week high and low of Saatvik Green Energy Ltd?
Over the last 52 weeks Saatvik Green Energy Ltd has traded between ₹328 and ₹551.8 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Saatvik Green Energy Ltd?
Saatvik Green Energy Ltd reported a return on equity of 42.30%. Its debt-to-equity ratio is 0.69.

Company Information

Incorporated in 2015, Saatvik Green Energy Limited manufactures modules and offers engineering, procurement, and construction.

Website saatvikgroup.com
Listed 26 Sep 2025
Face Value ₹2

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