Saatvik Green Energy Limited

BSE: SAATVIKGL · Other Electrical Equipment

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52W Range₹328 – ₹552

Snapshot

Unlock Saatvik Green Energy Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Saatvik Green Energy Limited is a solar energy company specialising in the manufacturing of solar PV modules and the provision of integrated engineering, procurement, and construction (EPC) services. The company supports the renewable energy sector through end-to-end solutions, including ongoing operations and maintenance support.

Business Model

The company generates revenue through the large-scale manufacturing and sale of solar PV modules and by executing solar EPC projects. It further sustains its business model by providing long-term operations and maintenance services for its installed solar infrastructure.

  • Manufacturing Capacity:3.80 GW
  • Installed EPC Base:69.12 MW
  • Cumulative Module Supply:2.50 GW

Growth Outlook

Growth is driven by the increasing demand for domestic solar energy solutions and the expansion of India's renewable energy infrastructure. The company aims to leverage its significant manufacturing capacity to capture a larger share of both domestic and international solar markets.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the cost of silicon and other essential components can significantly impact manufacturing margins.
  • Regulatory and Policy Risk. Changes in government subsidies, import duties, or renewable energy policies may adversely affect project viability and demand.
  • Intense Market Competition. The solar manufacturing sector is highly competitive, with pressure from both domestic players and low-cost international imports.
  • Execution Risk. Delays in large-scale EPC project timelines or supply chain disruptions could impact revenue recognition and operational efficiency.

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Key Metrics

P/E

19.0×

Q1 FY27 · consolidated

19.0 vs 46.2x5Y avg

EV/EBITDA

14.6x

Q1 FY27 · consolidated

14.6 vs 28.8x5Y avg

NET PROFIT MARGIN

1.0%

Q1 FY27 · consolidated

-12.0 ppYoY

Peers · Other Electrical Equipment

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Saatvik Green Energy LimitedSAATVIKGL
₹5,689 Cr19.0×14.62—10.8%18.2%22.7%-9.5%
Vikram Solar Ltd.VIKRAMSOLR
₹5,919 Cr15.2×6.90—16.6%11.3%17.8%-53.5%
Ram Ratna Wires LimitedRAMRAT
₹5,215 Cr38.9×17.9060.5%5.4%24.6%35.0%-2.3%
Shilchar Technologies LimitedSHILCTECH
₹4,745 Cr33.5×24.99-7.0%30.1%32.8%43.7%-9.8%
Yash HighvoltageYASHHV
₹3,356 Cr———24.0%——+146.3%
Websol Energy System LimitedWEBELSOLAR
₹3,210 Cr4.0×7.0576.3%38.5%69.0%64.4%-94.4%

As of Q1 FY27

Financials