EMMVEE PHOTOVOLTAIC PWR L EMMVEE NIFTY_SMALLNSETECH
Technology · Solar · India
Emmvee Photovoltaic Power Limited manufactures and sales solar cells, photovoltaic modules, and photovoltaic systems across India and Europe. Its products include TopCon Photovoltaic Module and TopCon Photovoltaic cells. It also executes grid and off-grid photovoltaic power projects on a turnkey basis and operates solar power plants. The company serves independent power producers, entities operating in the commercial and industrial sector, and engineering, procurement and construction service providers in both public and private sectors. The company was incorporated in 2007 and is based in Bengaluru, India.
READ MORE ›₹325.30
+48.27% 1Y
Market & Price
Market Cap
₹22,521.98 Cr
Current Price
₹325.30
High / Low (52W)
₹325.30 / ₹172.93
Beta
-
Valuation
Stock P/E
18.93
Industry PE
25.13
Forward P/E
13.78
PEG Ratio
-
Book Value
₹53.39
Price to Book
6.09
P/S
4.46
EV/EBITDA
12.97
Dividend Yield
-
Profitability & Returns
ROCE
34.80%
ROE
51.12%
ROA
18.57%
Profit Margin
21.42%
Op Margin
28.29%
EPS (Latest Qtr)
₹5.67
EPS (TTM)
₹17.18
Balance Sheet & Liquidity
Debt/Equity
0.10
Quick Ratio
0.73
Current Ratio
2.06
Debt
₹360.06 Cr
Total Assets
₹5,772.49 Cr
Current Assets
₹3,059.68 Cr
Working Capital
₹1,575.01 Cr
Ownership
Promoter Holding
80.03%
Chg in Prom Hold
-
FII / Inst Holding
12.07%
Chg in FII Hold
-
Financial Snapshot
Enterprise Value
₹22,488.02 Cr
Total Revenue (TTM)
₹5,049.88 Cr
EBITDA
₹1,734.37 Cr
Free Cash Flow
₹-768.49 Cr
Operating Cash Flow
₹200.14 Cr
Shares Outstanding
₹69.23 Cr
Gross Margin
45.04%
Payout Ratio
0.00%
Growth (CAGR)
Revenue 5Y
102.90%
Profit 5Y
394.60%
Revenue (YoY)
62.30%
Earnings (YoY)
62.50%
PROS
- Strong return on equity of 51.1%.
- Healthy ROCE of 34.8%.
- Excellent profit margin of 21.4%.
- Compounding revenue at 102.9% over 5 years.
- Profit CAGR of 394.6% over 5 years.
CONS
- RSI at 77 suggests overbought conditions.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | EMMVEE EMMVEE PHOTOVOLTAIC PWR L NIFTY_SMALLNSETECH | 325.30 | 18.93 | ₹22,521.98 Cr | - | 34.80% | 51.12% | 102.90% | 394.60% |
| 2 | TCS Tata Consultancy Services Limited NIFTY50NSEAITECH | 2,258.90 | 16.61 | ₹8.17 L Cr | 5.49% | 54.93% | 48.40% | 5.80% | 5.30% |
| 3 | INFY Infosys Limited NIFTY50NSEAITECH | 1,160.90 | 15.01 | ₹4.70 L Cr | 4.31% | 41.66% | 31.44% | 3.44% | 3.58% |
| 4 | HCLTECH HCL Technologies Limited NIFTY50NSEAITECH | 1,183.80 | 19.31 | ₹3.20 L Cr | 8.11% | 27.21% | 23.36% | 8.65% | 3.87% |
| 5 | WIPRO Wipro Limited NIFTY50NSEAITECH | 204.25 | 16.26 | ₹2.14 L Cr | 8.32% | 18.42% | 15.49% | 4.05% | 2.44% |
| 6 | TECHM Tech Mahindra Limited NIFTY50NSEAITECH | 1,483.90 | 27.40 | ₹1.31 L Cr | 3.44% | 20.60% | 16.61% | 2.16% | -0.14% |
| 7 | LTM LTM Limited NSETECH | 4,061.60 | 24.04 | ₹1.20 L Cr | 1.85% | 25.39% | 21.29% | 8.43% | 4.41% |
| 8 | LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH | 1,523.90 | 61.35 | ₹1.03 L Cr | - | 27.64% | 24.72% | 0.98% | - |
| 9 | WAAREEENER WAAREE ENERGIES LIMITED NIFTY_MIDNSETECH | 3,140.80 | 27.70 | ₹90,345.53 Cr | 0.13% | 24.21% | 31.57% | 71.63% | 191.18% |
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Quarterly Results
Figures in INR.
| Metric | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 1,071.68 Cr | 1,022.07 Cr | 1,131.00 Cr | 1,152.25 Cr | 1,738.81 Cr |
| Cost of Revenue | 620.55 Cr | 560.42 Cr | 594.83 Cr | 608.53 Cr | 1,012.75 Cr |
| Gross Profit | 451.12 Cr | 461.65 Cr | 536.16 Cr | 543.72 Cr | 726.06 Cr |
| Operating Expenses | 155.98 Cr | 178.46 Cr | 207.64 Cr | 204.34 Cr | 234.13 Cr |
| Operating Income | 295.15 Cr | 283.19 Cr | 328.52 Cr | 339.38 Cr | 491.93 Cr |
| EBITDA | 363.91 Cr | 360.07 Cr | 417.78 Cr | 429.07 Cr | 576.14 Cr |
| Interest Expense | 45.86 Cr | 48.28 Cr | 55.25 Cr | 33.27 Cr | 13.03 Cr |
| Pretax Income | 252.54 Cr | 240.19 Cr | 291.67 Cr | 321.80 Cr | 483.94 Cr |
| Tax Provision | 45.40 Cr | 52.52 Cr | 53.81 Cr | 58.16 Cr | 91.56 Cr |
| Net Income | 207.14 Cr | 187.68 Cr | 237.86 Cr | 263.64 Cr | 392.38 Cr |
| Diluted EPS | 2.99 | 2.71 | 3.44 | 4.11 | 5.67 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Revenue | 604.58 Cr | 941.54 Cr | 2,335.61 Cr | 5,049.88 Cr |
| Cost of Revenue | 506.52 Cr | 759.95 Cr | 1,402.32 Cr | 2,775.52 Cr |
| Gross Profit | 98.06 Cr | 181.59 Cr | 933.30 Cr | 2,274.36 Cr |
| Operating Expenses | 81.09 Cr | 70.24 Cr | 367.31 Cr | 835.62 Cr |
| Operating Income | 16.97 Cr | 111.35 Cr | 565.99 Cr | 1,438.74 Cr |
| EBITDA | 80.00 Cr | 119.05 Cr | 746.65 Cr | 1,787.89 Cr |
| Interest Expense | 25.64 Cr | 29.61 Cr | 107.88 Cr | 154.66 Cr |
| Pretax Income | 11.67 Cr | 47.62 Cr | 482.82 Cr | 1,337.60 Cr |
| Tax Provision | 2.70 Cr | 18.72 Cr | 113.81 Cr | 256.04 Cr |
| Net Income | 8.94 Cr | 28.90 Cr | 369.01 Cr | 1,081.55 Cr |
| Diluted EPS | 0.13 | 0.42 | 5.33 | 17.17 |
Compounded Sales Growth
| 5 Years: | 102.90% |
| 1 Year: | 62.30% |
Compounded Profit Growth
| 5 Years: | 394.60% |
| 1 Year: | 62.50% |
Stock Price Performance
| 1 Year: | +48.27% |
| 6 Months: | +51.46% |
| 3 Months: | +52.54% |
| 1 Month: | +23.97% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Total Assets | 840.79 Cr | 2,189.99 Cr | 3,913.93 Cr | 5,772.49 Cr |
| Current Assets | 316.33 Cr | 990.69 Cr | 1,685.00 Cr | 3,059.68 Cr |
| Cash & Equivalents | 53.46 Cr | 182.35 Cr | 218.64 Cr | 242.62 Cr |
| Inventory | 141.39 Cr | 306.20 Cr | 758.36 Cr | 1,710.55 Cr |
| Receivables | 69.11 Cr | 96.13 Cr | 190.27 Cr | 695.02 Cr |
| Total Liabilities | 700.29 Cr | 2,021.23 Cr | 3,377.14 Cr | 2,077.55 Cr |
| Current Liabilities | 302.92 Cr | 703.90 Cr | 1,349.81 Cr | 1,484.67 Cr |
| Long Term Debt | 374.63 Cr | 1,174.13 Cr | 1,688.87 Cr | 48.95 Cr |
| Total Debt | 524.35 Cr | 1,446.87 Cr | 2,065.25 Cr | 360.06 Cr |
| Total Equity | 140.50 Cr | 168.76 Cr | 536.80 Cr | 3,694.94 Cr |
| Shares Outstanding | 69.23 Cr | 69.23 Cr | 69.23 Cr | 69.23 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Operating Cash Flow | 59.48 Cr | 234.46 Cr | 624.90 Cr | 200.14 Cr |
| Investing Cash Flow | -130.68 Cr | -1,000.05 Cr | -985.66 Cr | -304.14 Cr |
| Financing Cash Flow | 79.83 Cr | 894.45 Cr | 396.99 Cr | 130.35 Cr |
| Capital Expenditure | -444.57 Cr | -674.59 Cr | -988.47 Cr | -653.32 Cr |
| Free Cash Flow | -385.09 Cr | -440.13 Cr | -363.57 Cr | -453.18 Cr |
| Net Change in Cash | 8.63 Cr | 128.86 Cr | 36.22 Cr | 26.34 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Gross Margin % | 16.2% | 19.3% | 40.0% | 45.0% |
| Operating Margin % | 2.8% | 11.8% | 24.2% | 28.5% |
| Net Margin % | 1.5% | 3.1% | 15.8% | 21.4% |
| ROE % | 6.4% | 17.1% | 68.7% | 29.3% |
| ROCE % | 3.2% | 7.5% | 22.1% | 33.6% |
Shareholding Pattern
Insiders
80.03%
Institutions
12.07%
Public Float
60.45%
Analyst View
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Analyst aggregate. Targets and ratings update periodically; not investment advice.
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