Fujiyama Power Systems logo

Fujiyama Power Systems

UTLSOLAR NSE

Key Fundamentals

Microcap
Market Cap
₹13,412 Cr
Volatility
Moderate
P/E Ratio
45.69
EBITDA
₹490 Cr
Return on Equity
12.93%
Debt to Equity
0.41
Book Value
₹24.53
52W High
₹494.25
52W Low
₹172

Tapetide Score

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

Key Insights

Strengths

3
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 73.0% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 37.1%

Weaknesses

2
  • Stock is trading at 10.8 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

Growth Rate

Revenue Growth
550% higher than 3Y
Net Income Growth
Cash Flow Change
-53.87% higher than 3Y
ROE
62.85% higher than 3Y
ROCE
48.44% level than 3Y
EBITDA Margin (Avg.)
83.02% level than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 26d ago
AI opinion · based on fundamentals
Risk high

Fujiyama Power Systems Ltd is a small-cap industrials company with a market cap of ₹13,895 Cr, trading at a PE of 46.9x and PB of 18.93x. The company has demonstrated exceptional revenue growth of 95% TTM and profit growth of 131% TTM, supported by a 3-year ROE of 37%, but pays no dividend and trades at a significant premium to book value.

Bull Case 8
  • TTM revenue growth of 95% indicates rapidly accelerating topline momentum
  • Compounded profit growth of 132% over 3 years reflects strong operating leverage and scalability
  • 5-year profit CAGR of 72.8% demonstrates sustained long-term earnings expansion
  • 3-year ROE of 37% and last year ROE of 36% indicate highly efficient capital deployment
  • 5-year ROE of 33% shows consistency in generating superior returns on shareholder equity
  • Compounded sales growth of 59% over 3 years and 46% over 5 years shows durable demand trajectory
  • Company is expected to deliver a good upcoming quarter based on operational trends
  • Operating in the power systems and solar energy segment which benefits from India's energy transition push
Bear Case 8
  • PE ratio of 46.9x is elevated and prices in significant future growth, leaving limited margin of safety
  • Price-to-book of 18.93x (trading at 11.2x book value per screener data) implies extreme premium to net assets
  • Zero dividend yield despite repeated profitability suggests no shareholder return via payouts
  • Debt-to-equity ratio is unavailable, creating uncertainty about the company's leverage and financial risk profile
  • 52-week high and low data unavailable (reported as 0), limiting ability to assess price range and volatility
  • 10-year growth data is largely unavailable, making it difficult to assess long-term business cycle resilience
  • Small-cap status with ₹13,895 Cr market cap may result in lower liquidity and higher price volatility
  • Sustaining 95% TTM revenue growth and 131% profit growth at scale is historically difficult, raising mean-reversion risk

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

AI News Digest

Anthropic anthropic claude-opus-4.6 20d ago
Positives 1
  • Q1FY27 revenue surges 125% YoY Aug 21

    Fujiyama Power Systems reported Q1FY27 revenue of ₹1,345.7 crore, up 125% YoY, with normalized PAT rising 144% to ₹165.2 crore and EBITDA margin expanding to 18.9%.

Neutral 1
  • Q1FY27 earnings call scheduled Aug 11

    Fujiyama Power Systems scheduled its Q1FY27 earnings conference call for August 14, 2026 at 4:00 PM IST to discuss results for the quarter ended June 30, 2026.

TL;DR: Fujiyama Power Systems delivered a standout Q1FY27 with 125% revenue growth and strong margin expansion to 18.9%, signaling robust execution and demand. No visible headwinds currently. The growth trajectory appears strong, and sustaining this momentum through upcoming quarters will be key to watch.

Quarterly Results

Particulars Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
329
339
480
597
568
588
901
1,346
Expenses
279
286
401
491
465
479
729
1,091
Operating Profit
50
52
79
106
103
110
171
255
OPM %
15%
15%
16%
18%
18%
19%
19%
19%
Other Income
2
0
7
0
2
0
3
-141
Interest
6
8
9
9
12
12
10
11
Depreciation
4
5
6
7
8
9
21
25
PBT
42
40
72
90
85
89
144
78
Tax %
25%
26%
29%
25%
26%
25%
26%
26%
Net Profit
32
30
51
68
63
67
106
58
EPS in Rs
12.99
1.07
1.83
2.41
2.25
2.2
3.47
1.88
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
299
405
506
664
925
1,541
2,654
3,403
Expenses
272
367
461
612
826
1,292
2,162
2,764
Operating Profit
28
38
45
52
99
249
493
639
OPM %
9%
9%
9%
8%
11%
16%
19%
19%
Other Income
3
3
1
1
3
9
3
-136
Interest
2
2
5
16
26
27
44
45
Depreciation
13
13
1
6
13
18
44
62
PBT
15
26
40
31
63
213
408
396
Tax %
29%
25%
28%
23%
28%
27%
25%
Net Profit
11
20
29
24
45
156
304
294
EPS in Rs
7.85
14.48
20.91
17.86
18.46
5.58
9.93
9.8
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
14
14
14
14
25
28
31
Reserves
11
31
167
179
215
369
1,243
Borrowings
125
142
141
215
205
395
520
Other Liabilities
46
55
77
106
166
222
551
Total Liabilities
195
241
400
515
610
1,014
2,344
Fixed Assets
89
83
114
232
276
418
673
CWIP
0
0
0
8
0
0
201
Investments
0
0
0
0
0
0
0
Other Assets
106
158
286
274
334
596
1,469
Total Assets
195
241
400
515
610
1,014
2,344
Figures in ₹ Crores

Cash Flow

Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-10
-58
78
85
18
-3
Investing
-7
-46
-132
-45
-118
-520
Financing
16
104
54
-37
104
654
Net Cash Flow
-2
0
0
4
4
131
Free Cash Flow
-18
-91
-60
38
-99
-515
CFO/OP
-12
-97
156
94
25
22
Figures in ₹ Crores

Ratios

Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
44
41
28
16
26
17
19
Inventory Days
66
85
174
136
124
128
180
Days Payable
47
43
45
52
61
40
71
Cash Conversion Cycle
64
82
158
100
88
105
128
Working Capital Days
43
44
40
6
11
22
59
ROCE %
17%
18%
13%
21%
39%
35%

Insights

Beta

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

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42 extracted metrics + investor summaries across FY20–FY26.

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Shareholding Pattern

Others1.06%Promot.86.63%FIIs1.63%Public4.70%DIIs5.98%As ofJun 2026

Documents

Frequently Asked Questions about Fujiyama Power Systems

What does Fujiyama Power Systems Ltd do?
Founded in 2017, Fujiyama Power Systems Limited manufactures products and provides solutions in the rooftop solar industry, including on-grid, off-grid, and hybrid solar systems.[1]
Where is Fujiyama Power Systems Ltd (UTLSOLAR) listed?
Fujiyama Power Systems Ltd trades as UTLSOLAR on the NSE and under code 544613 on the BSE.
Which sector does Fujiyama Power Systems Ltd belong to?
Fujiyama Power Systems Ltd is classified under the Industrials sector, in the Electrical Equipment industry.
What is the market capitalisation of Fujiyama Power Systems Ltd?
Fujiyama Power Systems Ltd has a market capitalisation of ₹13,412 Cr, which places it in the Mid Cap band.
What is the PE ratio of Fujiyama Power Systems Ltd?
Fujiyama Power Systems Ltd trades at a PE ratio of 45.69, against a book value of ₹24.53 per share.
What is the 52-week high and low of Fujiyama Power Systems Ltd?
Over the last 52 weeks Fujiyama Power Systems Ltd has traded between ₹172 and ₹494.25.
What is the Return on Equity (ROE) of Fujiyama Power Systems Ltd?
Fujiyama Power Systems Ltd reported a return on equity of 12.93%. Its debt-to-equity ratio is 0.41.

Company Information

Founded in 2017, Fujiyama Power Systems Limited manufactures products and provides solutions in the rooftop solar industry, including on-grid, off-grid, and hybrid solar systems.[1]

Listed 2025-11-20
Face Value ₹ 1
Issued Size 30,64,10,934

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