Solarworld Energy Solutions Ltd
NSE: SOLARWORLD BSE: 544532Energy
Incorporated in 2013, SolarWorld Energy Solutions Limited is a solar energy solutions provider specializing in engineering, procurement, and construction (EPC) services for solar power projects.[1]
₹201
52W: ₹139 — ₹389
PE 18.4 · Book ₹88 · +128% vs bookMarket Cap₹1,746 Cr
Stock P/E18.4Price to Earnings
ROCE48.6%Return on Capital
ROE44.6%Return on Equity
Div. Yield0%Face Value ₹5
Weaknesses
- −Though the company is reporting repeated profits, it is not paying out dividend
- −Earnings include an other income of Rs.34.5 Cr.
- −Debtor days have increased from 59.2 to 96.4 days.
- −Working capital days have increased from 60.6 days to 93.5 days
Shareholding Pattern
Promoters65.77%
FIIs1.23%
DIIs11.41%
Public21.59%
| Category | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|
| Promoters | 65.67% | 65.67% | 65.77%▲0.1 |
| FIIs | 3.4% | 1.49%▼1.9 | 1.23%▼0.3 |
| DIIs | 11.8% | 11.2%▼0.6 | 11.41%▲0.2 |
| Public | 19.13% | 21.65%▲2.5 | 21.59%▼0.1 |
Financial Statements
| Metric | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Sales | 23 | 142 | 204 | 178 | 68 | 127 | 495 |
| Expenses | 15 | 112 | 145 | 164 | 58 | 110 | 435 |
| Operating Profit | 7 | 30 | 59 | 14 | 10 | 17 | 60 |
| OPM % | 32% | 21% | 29% | 8% | 15% | 13% | 12% |
| Net Profit | 8 | 23 | 44 | 12 | 17 | 15 | 51 |
| EPS ₹ | 239.54 | 3.18 | 5.96 | 1.68 | 2.24 | 1.76 | 5.86 |
AI Insights
Revenue Trend
TTM revenue at ₹868Cr, up 59% YoY. OPM at 12%.
Debt Position
Borrowings at ₹75Cr. Debt-to-equity ratio: 0.10x. Healthy balance sheet.
Capex Cycle
CWIP at ₹13Cr (87% of fixed assets). Significant capex underway — growth runway building.
Margin & Efficiency
ROCE improving from 0% (Mar 2024) to 49% (Mar 2025). Working capital days: 93.
Valuation
PE 18.4x with 48.6% ROCE. Price is 128% above book value of ₹88. Dividend yield: 0%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 2d - Intimation about publication of newspaper advertisement - Notice of Postal ballot
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 14 May - Postal ballot seeks approval for 4 independent directors, MOA changes, and related-party transactions up to Rs. 640 crore.
- Announcement under Regulation 30 (LODR)-Monitoring Agency Report 13 May - Monitoring agency report for quarter ended March 31, 2026 shows ₹5,500 million proceeds, no deviation.
- Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association 1 May - Board approved four independent directors, MOA alteration, and postal ballot notice on May 1, 2026.
- Announcement under Regulation 30 (LODR)-Change in Directorate 1 May - Board approved four independent director appointments, MOA alteration, and postal ballot notice on May 1, 2026.
- Financial Year 2025 from bse
- Rating update 9 Mar from care
- Rating update 26 Feb from crisil