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NSE:SAATVIKGL

SAATVIK GREEN ENERGY LTD

Capital Goods › Electrical Equipment
₹353.75
at close · 27 Oct 2026
▲ 5.75 (+1.65%)

Latest filings

Next results: Thu, 5 Nov · Financial Results
  1. Board to approve September 2026 quarterly and half-year results · Results
  2. Saatvik launches 745 W bifacial solar module with 30-year warranty · Compliance
  3. Received Rs. 100 Crore order from MSEDCL for solar water pumps · Business Updates
All filings ↓
Ask Nexa about SAATVIK GREEN ENERGY LTD

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures solar PV modules and is building a fully integrated clean-energy platform by backward-integrating into solar cells (scaling to 6 GW), wafers/ingots (6 GW planned) and encapsulant (5 GW capacity). Recent acquisitions extend the business into power transformers (80% stake in Melcon Transformers) and battery energy storage systems (Saatvik Power Storage Solutions). FY26 production was 3,162 MW and sales 3,138 MW at 84% capacity utilisation, with a confirmed order book of 5.89 GW (~₹8,000 crore) spanning an 18-month execution horizon from domestic IPPs and EPC players. Module capacity is targeted to reach 8.8 GW by FY27, while a 4 GW module and 2.4 GW cell line is being built in Odisha. The biggest cost is materials at 76.9% of revenue — silver, copper, aluminium and FX-sensitive imports — which compressed Q4 FY26 EBITDA to roughly 7% after a sharp silver, oil and rupee move; full-year EBITDA margin stood at 12.69%. Group structure also includes a solar EPC subsidiary (Saatvik Cleantech EPC).

Operating scale
FY26 module production
3,162 MWFY26
FY26 module sales
3,138 MWFY26
FY26 capacity utilisation
84.07%FY26
Order book
5.89 GW (~₹8,000 crore)As of March 31, 2026
Solar cell capacity target
6 GW (up from 4.8 GW)By June–July 2027
Module capacity target
8.8 GWFY27
Who pays it
Domestic Independent Power Producers (IPPs) and EPC players placing orders for solar PV module supply and EPC execution
Biggest cost
Raw materials at 76.9% of revenue, notably silver, copper, aluminium and FX-sensitive imports
Kind of business
Capital-intensive, vertically integrating solar manufacturer expanding into cells, wafers, transformers and storage
Where it sits
Domestic solar PV module manufacturer listed on NSE and BSE since September 2025 (IPO raised ~₹9,000 crore), scaling into a fully integrated clean-energy manufacturing platform
Market Cap
₹4,497 Cr
P / E (TTM)
16.6×
EV / EBITDA
12.1×
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
30.8%▲
ROCE (FY26)
ROE 26.2% · margin 12.7%
Leverage
0.65·
Debt / Equity · moderate
Net debt ₹853 Cr
Moves on a normal day
1.41%·
Median daily move
Last 265 sessions · the yardstick for filing-day moves
Where it sits among 56 Other Electrical Equipment peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#20/52
P/B#25/49
ROCE#9/55
ROE#11/50
Debt / Equity#34/50
EBITDA margin#38/51
Revenue growth#45/46
Profit growth#42/45

Scorecard

Measured from the filed financials, judged against its Other Electrical Equipment peers · as of FY26 — not investment advice

Strengths
Returns on capital 30.8%
#9 of 55 in Other Electrical Equipment on the latest reported figures
Concerns
Nothing flagged in the filed numbers.

Charts

How has the market priced it — with filings on the timeline?

SAATVIKGL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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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 SAATVIK GREEN ENERGY LTD's filed financials and exchange disclosures

What does SAATVIK GREEN ENERGY LTD do?

SAATVIK GREEN ENERGY LTD is a Electrical Equipment company listed on NSE and BSE, trading under the symbol SAATVIKGL.

Is SAATVIK GREEN ENERGY LTD profitable?

Yes. Over the trailing twelve months SAATVIK GREEN ENERGY LTD reported a net profit of ₹248 Cr on revenue of ₹4,144 Cr.

Does SAATVIK GREEN ENERGY LTD pay a dividend?

Not in the latest reported year — SAATVIK GREEN ENERGY LTD's dividend payout for FY26 was nil.

Is SAATVIK GREEN ENERGY LTD debt-free?

No. It reported borrowings of ₹881 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹853 Cr after cash. Debt stands at 0.65× equity. That is higher than 67% of its 50 Other Electrical Equipment peers.

Is SAATVIK GREEN ENERGY LTD expensive compared with its peers?

On trailing P/E, SAATVIK GREEN ENERGY LTD ranks 20 of 52 in Other Electrical Equipment — cheaper than 63% of them, against an industry median of 22.6×. This is a position, not a valuation judgement.

How much does the SAATVIK GREEN ENERGY LTD share price move in a day?

On a typical session SAATVIK GREEN ENERGY LTD moves 1.41% — that is the median absolute close-to-close move across its last 265 trading days. MarketPing measures each filing's price reaction against it.

When are SAATVIK GREEN ENERGY LTD's next results?

Financial Results on Thu, 5 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track SAATVIK GREEN ENERGY LTD's announcements?

Every NSE and BSE filing by SAATVIK GREEN ENERGY LTD 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.