Emmvee Photovol.

BSE: EMMVEE · Other Electrical Equipment

52W Range₹172 ₹372

Snapshot

Unlock Emmvee Photovol.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Emmvee Photovoltaic Power Limited is an integrated manufacturer specialising in solar PV modules and TOPCon solar cells. It is recognised as one of India's leading pure-play integrated cell-and-module manufacturers by production capacity.

Business Model

The company generates revenue through the manufacturing and sale of solar photovoltaic components, leveraging its integrated production capabilities to serve the renewable energy sector.

  • Integration Level:Integrated cell-and-module

Growth Outlook

Growth is driven by the increasing demand for high-efficiency TOPCon solar cells and the expansion of domestic solar manufacturing capacity in India.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the cost of silicon and other raw materials can significantly impact manufacturing margins.
  • Technological Obsolescence. Rapid advancements in solar cell technology may require continuous capital expenditure to maintain competitive efficiency standards.
  • Regulatory and Policy Risk. Changes in government subsidies, import duties, or renewable energy policies could adversely affect demand for solar products.
  • Intense Competition. The solar manufacturing sector faces aggressive pricing pressure from both domestic players and low-cost international imports.

Price

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Peers · Other Electrical Equipment

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Emmvee Photovol.EMMVEE
15,66434.0%
Waaree Renewable Technologies Ltd.WAAREERTL
8,61221.8515.84108.5%19.9%83.2%101.8%-16.6%
Genus Power Infrastructures LimitedGENUSPOWER
7,17815.3011.2994.5%20.7%30.3%33.2%-14.6%
Vikram Solar Ltd.VIKRAMSOLR
6,83814.127.3120.3%14.9%21.5%
Diamond Power Infrastructure LimitedDIACABS
6,42674.9861.9471.2%12.1%-19.5%13.5%+26.3%
Avalon Technologies LimitedAVALON
6,250104.3458.9346.0%12.6%17.7%24.2%+100.5%

As of Mar 2026

Financials