Company Overview
Fujiyama Power Systems Limited manufactures and sells roof-top solar products and solutions under the UTL Solar and Fujiyama Solar brands in India and internationally. It offers solar power generation systems, such as solar panels, hybrid solar inverter, off and on- grid inverter, online solar power conditioning units, solar management unit, and lithium-ion and tubular lead acid batteries; power backup solutions comprising online uninterruptible power supplies and inverters; power supply solutions, including hybrid charge controller units; and electronic vehicle, marine, and engine start chargers. The company was founded in 1996 and is based in Greater Noida, India.
Why Investors Should Care
Generates a return on equity of 23.9%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 29.6%.
Net profit has compounded at 132.0% per year over the last five years.
Revenue has grown at a 58.8% CAGR over the past five years.
Operating margin of 16.8% supports profitability.
Recent Developments
- Mar 2026 Revenue of ₹2,654.51 Cr (+72.3% YoY); net profit ₹304.12 Cr.
- Trailing 12 Months Year-on-year growth — revenue +72.3%, earnings +94.5%.
- 5-Year Trend Long-term compounding — revenue CAGR 58.8%, profit CAGR 132.0%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 58.81% |
| 1 Year: | 72.29% |
Compounded Profit Growth
| 5 Years: | 131.97% |
| 1 Year: | 94.53% |
Stock Price Performance
| 1 Year: | +93.08% |
| 6 Months: | +87.84% |
| 3 Months: | +57.11% |
| 1 Month: | +30.10% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- RSI (14)78.18 · Overbought
P/E of 78.88 is above the sector median of 27.67 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
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 Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 23.9%.
- Healthy ROCE of 29.6%.
- Compounding revenue at 58.8% over 5 years.
- Profit CAGR of 132.0% over 5 years.
CONS
- Trading at a high P/E of 78.9.
- RSI at 78 suggests overbought conditions.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
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 | UTLSOLAR FUJIYAMA POWER SYSTEMS L NSETECH | 402.45 | 78.88 | ₹12,331.51 Cr | 0.00% | 29.63% | 23.88% | 58.81% | 131.97% |
| 2 | TCS Tata Consultancy Services Limited NIFTY50NSEAITECH | 2,173.50 | 15.98 | ₹7.86 L Cr | 3.14% | 54.93% | 45.89% | 5.80% | 5.30% |
| 3 | INFY Infosys Limited NIFTY50NSEAITECH | 1,084.40 | 1,355.50 | ₹4.40 L Cr | 4.68% | 41.66% | 33.85% | 3.44% | 3.58% |
| 4 | HCLTECH HCL Technologies Limited NIFTY50NSEAITECH | 1,176.30 | 18.35 | ₹3.19 L Cr | 8.25% | 27.21% | 22.14% | 8.65% | 3.87% |
| 5 | WIPRO Wipro Limited NIFTY50NSEAITECH | 175.97 | 14.01 | ₹1.85 L Cr | 9.69% | 17.85% | 14.91% | 0.78% | 5.16% |
| 6 | TECHM Tech Mahindra Limited NIFTY50NSEAITECH | 1,474.20 | 27.20 | ₹1.44 L Cr | 3.51% | 19.82% | 16.24% | 2.16% | -0.14% |
| 7 | LTM LTM Limited NSETECH | 4,076.50 | 24.10 | ₹1.21 L Cr | 1.86% | 25.39% | 20.89% | 8.43% | 4.41% |
| 8 | LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH | 1,535.10 | 61.82 | ₹1.04 L Cr | 0.00% | 27.64% | 21.98% | 0.98% | - |
| 9 | OFSS Oracle Financial Services Software Limited NIFTY_MIDNSEAITECH | 11,729.00 | 38.82 | ₹1.02 L Cr | 5.71% | 43.24% | 33.72% | 10.42% | 13.48% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Dec 2024 | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 338.60 Cr | 480.35 Cr | 596.24 Cr | 588.48 Cr | 900.77 Cr |
| Cost of Revenue | 241.08 Cr | 342.21 Cr | 438.74 Cr | 402.52 Cr | 623.77 Cr |
| Gross Profit | 97.51 Cr | 138.13 Cr | 157.50 Cr | 185.95 Cr | 277.00 Cr |
| Operating Expenses | 49.69 Cr | 64.63 Cr | 56.48 Cr | 84.76 Cr | 126.14 Cr |
| Operating Income | 47.82 Cr | 73.50 Cr | 101.02 Cr | 101.19 Cr | 150.86 Cr |
| EBITDA | 52.55 Cr | 86.39 Cr | 104.88 Cr | 110.32 Cr | 174.29 Cr |
| Interest Expense | 7.68 Cr | 9.09 Cr | 7.93 Cr | 12.22 Cr | 9.58 Cr |
| Pretax Income | 40.36 Cr | 71.77 Cr | 89.93 Cr | 89.36 Cr | 144.12 Cr |
| Tax Provision | 10.35 Cr | 20.53 Cr | 22.35 Cr | 22.05 Cr | 37.79 Cr |
| Net Income | 30.01 Cr | 51.24 Cr | 67.53 Cr | 67.31 Cr | 106.32 Cr |
| Diluted EPS | 0.98 | 1.67 | 2.20 | 2.36 | 3.57 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 299.00 Cr | 405.00 Cr | - | 662.73 Cr | 923.25 Cr | 1,540.68 Cr | 2,654.51 Cr |
| Cost of Revenue | - | - | - | 517.83 Cr | 717.50 Cr | 1,095.20 Cr | 1,842.26 Cr |
| Gross Profit | - | - | - | 144.89 Cr | 205.74 Cr | 445.48 Cr | 812.24 Cr |
| Operating Expenses | 272.00 Cr | 367.00 Cr | - | 98.34 Cr | 119.59 Cr | 214.94 Cr | 366.14 Cr |
| Operating Income | 15.00 Cr | 25.00 Cr | - | 46.55 Cr | 86.16 Cr | 230.53 Cr | 446.11 Cr |
| EBITDA | 28.00 Cr | 38.00 Cr | - | 49.41 Cr | 95.83 Cr | 257.94 Cr | 495.82 Cr |
| Interest Expense | 2.00 Cr | 2.00 Cr | - | 12.00 Cr | 20.42 Cr | 26.82 Cr | 43.60 Cr |
| Pretax Income | 15.00 Cr | 26.00 Cr | - | 31.48 Cr | 62.60 Cr | 213.12 Cr | 408.03 Cr |
| Tax Provision | 4.50 Cr | 6.50 Cr | - | 7.11 Cr | 17.30 Cr | 56.79 Cr | 103.90 Cr |
| Net Income | 11.00 Cr | 20.00 Cr | - | 24.37 Cr | 45.30 Cr | 156.34 Cr | 304.12 Cr |
| Diluted EPS | 7.74 | 14.48 | 0.93 | 0.80 | 1.48 | 5.10 | - |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Total Assets | 195.00 Cr | 241.00 Cr | - | 514.56 Cr | 609.64 Cr | 1,013.96 Cr | 2,343.56 Cr |
| Current Assets | - | - | - | 267.00 Cr | 328.97 Cr | 567.12 Cr | 1,409.40 Cr |
| Cash & Equivalents | - | - | - | 11.30 L | 4.22 Cr | 8.23 Cr | 139.46 Cr |
| Inventory | - | - | - | 187.20 Cr | 232.15 Cr | 382.60 Cr | 909.82 Cr |
| Receivables | - | - | - | 28.54 Cr | 64.68 Cr | 73.13 Cr | 140.32 Cr |
| Total Liabilities | - | - | - | 321.48 Cr | 370.10 Cr | 617.13 Cr | 1,070.20 Cr |
| Current Liabilities | - | - | - | 242.96 Cr | 287.02 Cr | 451.87 Cr | 819.13 Cr |
| Long Term Debt | - | - | - | 66.71 Cr | 63.21 Cr | 88.46 Cr | 136.07 Cr |
| Total Debt | 125.00 Cr | 142.00 Cr | - | 215.32 Cr | 204.57 Cr | 394.78 Cr | 519.56 Cr |
| Total Equity | 25.00 Cr | 44.00 Cr | - | 193.08 Cr | 239.54 Cr | 396.82 Cr | 1,273.36 Cr |
| Shares Outstanding | - | - | - | 30.64 Cr | 30.64 Cr | 30.64 Cr | 30.64 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -7.00 Cr | -11.00 Cr | - | 77.88 Cr | 85.46 Cr | 18.14 Cr | -2.89 Cr |
| Investing Cash Flow | -3.00 Cr | -7.00 Cr | - | -132.31 Cr | -44.59 Cr | -118.12 Cr | -519.70 Cr |
| Financing Cash Flow | 8.00 Cr | 16.00 Cr | - | 54.50 Cr | -36.76 Cr | 104.00 Cr | 653.82 Cr |
| Capital Expenditure | -4.00 Cr | -7.00 Cr | - | -137.64 Cr | -48.40 Cr | -119.07 Cr | -513.20 Cr |
| Free Cash Flow | -11.00 Cr | -18.00 Cr | - | -59.76 Cr | 37.06 Cr | -100.94 Cr | -516.09 Cr |
| Net Change in Cash | -2.00 Cr | -2.00 Cr | - | 7.90 L | 4.10 Cr | 4.01 Cr | 131.23 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | 21.9% | 22.3% | 28.9% | 30.6% |
| Operating Margin % | 5.0% | 6.2% | - | 7.0% | 9.3% | 15.0% | 16.8% |
| Net Margin % | 3.7% | 4.9% | - | 3.7% | 4.9% | 10.1% | 11.5% |
| ROE % | 44.0% | 45.5% | - | 12.6% | 18.9% | 39.4% | 23.9% |
| ROCE % | - | - | - | 17.1% | 26.7% | 41.0% | 29.3% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for UTLSOLAR
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UTLSOLAR — Frequently Asked Questions
What is the current share price of FUJIYAMA POWER SYSTEMS L (UTLSOLAR)?
As of 2026-07-15 09:52 IST, FUJIYAMA POWER SYSTEMS L (UTLSOLAR) trades at ₹402.45 on NSE. Its 52-week range is ₹174.83 to ₹402.45.
What is the market capitalisation of UTLSOLAR?
FUJIYAMA POWER SYSTEMS L (UTLSOLAR) has a market capitalisation of ₹12,331.51 Cr on NSE.
What is the P/E ratio of UTLSOLAR?
UTLSOLAR trades at a trailing price-to-earnings (P/E) ratio of 78.88. The industry average P/E is 27.67. Its price-to-book (P/B) ratio is 9.36.
What is the return on equity (ROE) of UTLSOLAR?
UTLSOLAR has a return on equity (ROE) of 23.88%. Its return on capital employed (ROCE) is 29.63%.
Is UTLSOLAR a good stock to buy?
This page provides a data-driven analysis of FUJIYAMA POWER SYSTEMS L (UTLSOLAR), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.