Smarten Power Systems
SMARTEN NSE
Smarten Power Systems
IndustrialsNSE: SMARTEN Electrical Equipment
Key Fundamentals
SMEOther Electrical EquipmentCapital GoodsMarket Cap
₹102 Cr
Volatility
Moderate
P/E Ratio
11.6
EBITDA
₹11.97 Cr
Return on Equity
33.14%
Debt to Equity
0.06
Book Value
₹44.02
52W High
₹104.8
52W Low
₹42
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
4- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 30.6% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.0%
Weaknesses
2- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 56.3 days to 83.3 days
Growth Rate
Revenue Growth
19.42% higher than
3Y
Net Income Growth
-30.23% lower than
3Y
Cash Flow Change
—
ROE
-24.37% lower than
3Y
ROCE
-29.3% lower than
3Y
EBITDA Margin (Avg.)
-45.8% lower than
3Y
Quarterly Results
| Particulars | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 108 | 94 | 115 | 127 |
| Expenses | 101 | 84 | 108 | 122 |
| Operating Profit | 7 | 9 | 7 | 5 |
| OPM % | 7% | 10% | 6% | 4% |
| Other Income | 1 | 1 | 1 | 0 |
| Interest | 0 | 1 | 1 | 0 |
| Depreciation | 0 | 0 | 0 | 1 |
| PBT | 8 | 9 | 7 | 4 |
| Tax % | 24% | 27% | 21% | 32% |
| Net Profit | 6 | 7 | 6 | 3 |
| EPS in Rs | 59.9 | 4.52 | 3.09 | 1.54 |
Profit & Loss
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 96 | 160 | 176 | 192 | 201 | 243 |
| Expenses | 95 | 158 | 174 | 178 | 184 | 231 |
| Operating Profit | 2 | 2 | 2 | 14 | 17 | 12 |
| OPM % | 1.6% | 1% | 1.1% | 7% | 8% | 4.9% |
| Other Income | 2 | 5 | 6 | 4 | 1 | 2 |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 |
| PBT | 3 | 6 | 7 | 16 | 17 | 12 |
| Tax % | 25% | 28% | 29% | 30% | 26% | 25% |
| Net Profit | 2 | 4 | 5 | 11 | 13 | 9 |
| EPS in Rs | 96.47 | 166 | 51.6 | 113 | 8.51 | 4.63 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 0.24 | 0.24 | 1 | 1 | 15 | 19 |
| Reserves | 4 | 8 | 13 | 25 | 24 | 65 |
| Borrowings | 2 | 2 | 4 | 7 | 17 | 5 |
| Other Liabilities | 34 | 51 | 57 | 47 | 42 | 50 |
| Total Liabilities | 40 | 62 | 76 | 79 | 97 | 139 |
| Fixed Assets | 1 | 5 | 5 | 5 | 5 | 20 |
| CWIP | 0 | 0 | 0 | 1 | 5 | 7 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 39 | 57 | 71 | 74 | 88 | 112 |
| Total Assets | 40 | 62 | 76 | 79 | 97 | 139 |
Cash Flow
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | 2 | 3 | -3 | 0 | -3 | -8 |
| Investing | -2 | -2 | 0 | -2 | -6 | -17 |
| Financing | 1 | 1 | 2 | 2 | 9 | 24 |
| Net Cash Flow | 1 | 1 | -1 | 1 | 1 | -1 |
| Free Cash Flow | 1 | -1 | -3 | -1 | -6 | -27 |
| CFO/OP | 167 | 249 | -26 | 37 | 11 | -43 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 49 | 62 | 67 | 81 | 70 | 78 |
| Inventory Days | 66 | 55 | 77 | 56 | 81 | 74 |
| Days Payable | 127 | 116 | 111 | 77 | 64 | 76 |
| Cash Conversion Cycle | -12 | 2 | 33 | 60 | 86 | 76 |
| Working Capital Days | 0 | 5 | 18 | 36 | 49 | 83 |
| ROCE % | — | 68% | 51% | 65% | 41% | 18% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Smarten Power Systems insights
48 extracted metrics + investor summaries across FY21–FY26.
Documents
1
General Updates
3 Sep - Smarten appointed Adfactors PR as IR agency effective September 3, 2026. 3 Sep - Smarten appointed Adfactors PR as IR agency effective September 3, 2026.
2
Updates
27 Aug - 12th AGM on September 24, 2026; annual report links shared and shareholders reminded to update KYC. 27 Aug - 12th AGM on September 24, 2026; annual report links shared and shareholders reminded to update KYC.
3
Copy of Newspaper Publication
27 Aug - Smarten Power Systems announces 12th AGM on September 24, 2026, at registered office through physical mode. 27 Aug - Smarten Power Systems announces 12th AGM on September 24, 2026, at registered office through physical mode.
4
Shareholders meeting
26 Aug - Notice of 12th AGM on Sept 24, 2026 and FY26 annual report filed. 26 Aug - Notice of 12th AGM on Sept 24, 2026 and FY26 annual report filed.
5
Updates
26 Aug - Submitted BRSR for FY 2025-26 on August 26, 2026. 26 Aug - Submitted BRSR for FY 2025-26 on August 26, 2026.
Frequently Asked Questions about Smarten Power Systems
What does Smarten Power Systems Ltd do?
Incorporated in 2014, Smarten Power Systems Limited is in the business of designing and assembling of power back-up and advanced solar power products, and trading of solar panels and batteries[1]
Where is Smarten Power Systems Ltd (SMARTEN) listed?
Smarten Power Systems Ltd trades as SMARTEN on the NSE.
Which sector does Smarten Power Systems Ltd belong to?
Smarten Power Systems Ltd is classified under the Industrials sector, in the Electrical Equipment industry.
What is the market capitalisation of Smarten Power Systems Ltd?
Smarten Power Systems Ltd has a market capitalisation of ₹101.65 Cr, which places it in the Small Cap band.
What is the PE ratio of Smarten Power Systems Ltd?
Smarten Power Systems Ltd trades at a PE ratio of 11.60, against a book value of ₹44.02 per share.
What is the 52-week high and low of Smarten Power Systems Ltd?
Over the last 52 weeks Smarten Power Systems Ltd has traded between ₹42 and ₹104.8.
What is the Return on Equity (ROE) of Smarten Power Systems Ltd?
Smarten Power Systems Ltd reported a return on equity of 33.14%. Its debt-to-equity ratio is 0.06.
Company Information
Incorporated in 2014, Smarten Power Systems Limited is in the business of designing and assembling of power back-up and advanced solar power products, and trading of solar panels and batteries[1]
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