Manufactures and sells rooftop solar systems — solar panels, cells, inverters and batteries — to Indian households through a network of distributors, dealers and exclusive 'Shoppes'. Manufacturing spans a 2,000 MW solar panel line and a planned 1,200 MW TOPCon cell line at Ratlam (Madhya Pradesh), a 1 GW Mono PERC solar cell facility at Dadri (Uttar Pradesh), and a 1.3 GW lead-acid battery plant at Bawal that was suspended after a fire incident in May 2026, with third-party sourcing arrangements activated in the interim. Fujiyama Power Systems Limited added 4,00,000+ households in FY26 and the channel partner network crossed 8,900. The Ratlam panel line is initially running at ~1,000 MW under single-shift and is planned to ramp to full capacity by Q4 FY27, taking total solar panel capacity to 3,568 MW. FY26 revenue was Rs 2,654.506 crore, with EBITDA margin at 18.6785% and materials accounting for 79.5% of revenue. Demand is anchored to India's rooftop solar uptake, including schemes like PM Surya Ghar Muft Bijli Yojna, with the broader opportunity sized at ~25 GW of incremental rooftop capacity. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Solar panels, Solar cells, Inverters, Batteries. Asset-heavy, vertically-integrating solar manufacturer serving the B2C rooftop market
| ₹ crore · consolidated |
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| Revenue |
| EBITDA (ex other income) |
| margin % |
| Owners' profit |
| EPS, as reported (₹) |
| ROE % · ROCE % |
| Debt / equity (x) |
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| Capex |
| ₹ crore | Q1 FY27 |
|---|---|
| Revenue | 1,346 |
| Profit before tax | 78 |
| Net profit | 58 |
| EPS (₹) | 1.88 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 4 Sept 2026 · Fujiyama Power invests Rs 5 cr in associate Zayo Energy via CCDs | strategic transactions | medium | — | — |
| 4 Sept 2026 · Invests Rs 5 crore in associate ZEPL via CCDs for solar supply chain | strategic transactions | medium | — | — |
| 3 Sept 2026 · Newspaper publication of 9th AGM notice on Sep 3, 2026 | compliance | minimal | — | — |
| 2 Sept 2026 · Weblink of FY2025-26 Annual Report shared with shareholders | investor communications | medium | — | — |
| 2 Sept 2026 · Fujiyama Power Systems submits BRSR for FY 2025-26 | compliance | minimal | — | — |
| 2 Sept 2026 · Fujiyama Power Systems files FY26 Annual Report post-listing | results | high | — | — |
| 2 Sept 2026 · Fujiyama Power Systems 9th AGM notice on Sep 25, 2026 | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Fujiyama Power Systems sets plant visit and investor meet for Sept 1, 2026 | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Fujiyama publishes pre-dispatch notice for ninth AGM | compliance | minimal | — | — |
| 27 Aug 2026 · Newspaper publication of 9th AGM pre-dispatch notice | compliance | minimal | — | — |
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|---|---|---|
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| an event is a fact; a rating is an opinion that requires SEBI RA registration |
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| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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