EMMVEE PHOTOVOLTAIC PWR L
Latest filings
- Q2 revenue up 39%, profit after tax up 61%; 10.4 gigawatt order book · Investor Communications
- Newspaper clippings of Q2 FY26-27 results filed with exchanges · Compliance
- Q2FY27 Earnings Call Audio Recording Link Shared · Investor Communications
Snapshot
What the business is, and whether it's a good one at a fair price.
Manufactures solar photovoltaic modules and cells for the Indian market, with Photovoltaics Modules making up 99.2% of FY26 segment revenue at ₹5,010.60 cr and the remainder from Others (0.8%). In Q1 FY27 the company produced 970 MW of modules and 454 MW of solar cells, ran cells at 83% utilization, and held an order book of 9.9 GW of which more than half was for DCR (Domestic Content Requirement) projects. Installed manufacturing capacity stands at 10.3 GW for modules and 2.94 GW for cells at its Bengaluru plant, with a 6 GW integrated TOPCon cell-and-module expansion targeting 16.3 GW of module and 8.9 GW of cell capacity by end FY27. The company also plans backward integration into 9 GW of ingot/wafer capacity in two phases — 5 GW by FY29 and 4 GW by FY30. Materials are the largest cost at 67.6% of revenue, and capex runs at 12.9% of revenue as the expansion is funded.
Scorecard
Measured from the filed financials, judged against its Other Electrical Equipment peers · as of FY26 — not investment advice
Strengths
Concerns
Nothing flagged in the filed numbers.Charts
How has the market priced it — with filings on the timeline?
EMMVEE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Peers
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Financials
Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Ownership
Who owns it — and is the promoter stake clean?
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Common questions
Answered from EMMVEE PHOTOVOLTAIC PWR L's filed financials and exchange disclosures
What does EMMVEE PHOTOVOLTAIC PWR L do?
EMMVEE PHOTOVOLTAIC PWR L is a Electrical Equipment company listed on NSE and BSE, trading under the symbol EMMVEE.
Is EMMVEE PHOTOVOLTAIC PWR L profitable?
Yes. Over the trailing twelve months EMMVEE PHOTOVOLTAIC PWR L reported a net profit of ₹1,274 Cr on revenue of ₹5,578 Cr.
Does EMMVEE PHOTOVOLTAIC PWR L pay a dividend?
Not in the latest reported year — EMMVEE PHOTOVOLTAIC PWR L's dividend payout for FY26 was nil.
Is EMMVEE PHOTOVOLTAIC PWR L debt-free?
On a net basis, yes. It reported borrowings of ₹177 Cr on its 31 Mar 2026 balance sheet, but holds ₹65 Cr more cash than debt.
Is EMMVEE PHOTOVOLTAIC PWR L expensive compared with its peers?
On trailing P/E, EMMVEE PHOTOVOLTAIC PWR L ranks 14 of 52 in Other Electrical Equipment — cheaper than 75% of them, against an industry median of 22.6×. This is a position, not a valuation judgement.
How much does the EMMVEE PHOTOVOLTAIC PWR L share price move in a day?
On a typical session EMMVEE PHOTOVOLTAIC PWR L moves 1.76% — that is the median absolute close-to-close move across its last 231 trading days. MarketPing measures each filing's price reaction against it.
Where can I track EMMVEE PHOTOVOLTAIC PWR L's announcements?
Every NSE and BSE filing by EMMVEE PHOTOVOLTAIC PWR L appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.