Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹1055 Cr.
Stock P/E
8.8
P/B
1.2
Current Price
₹121.7
Book Value
₹ 98.8
Face Value
5
52W High
₹349.7
52W Low
₹ 121
Dividend Yield
0%

Solarworld Energy So Overview

Business

Solarworld Energy Solutions Ltd. (SOLARWORLD) is an Indian company operating in the Engineering - Construction sector, specifically focused on energy solutions. Based on its name, the company is primarily involved in the solar energy segment. Its core business model likely revolves around providing Engineering, Procurement, and Construction (EPC) services for solar power projects. This includes designing solar power plants, procuring solar panels and other balance-of-system components, and constructing utility-scale solar farms, commercial & industrial rooftop installations, or other solar energy infrastructure. The company makes money by securing project contracts and delivering these solar energy solutions to clients, receiving payment upon completion of project milestones and final handover. They may also offer operation and maintenance (O&M) services as a recurring revenue stream.

Revenue Mix

Without specific financial data, it's inferred that Solarworld Energy Solutions Ltd.'s primary revenue segment is solar EPC services. This typically involves:

Utility-Scale Solar Projects: Developing large-scale ground-mounted solar power plants.

Commercial & Industrial (C&I) Rooftop Solar: Installing solar systems for businesses and factories.

Residential Solar: Potentially offering rooftop solutions for homes.

Operation & Maintenance (O&M): Providing post-commissioning services for solar assets.

A detailed breakdown of revenue contribution from these specific segments is not publicly available from the given information.

Industry

Solarworld Energy Solutions Ltd. operates within the highly dynamic and competitive Indian solar Engineering - Construction industry. The industry is characterized by strong government support for renewable energy, driven by ambitious national targets for solar capacity addition. The market includes a mix of large integrated utility players, dedicated solar EPC companies (both domestic and international), and smaller regional players. Solarworld's positioning would depend on its specialization (e.g., niche in specific project sizes or technologies), execution capabilities, cost competitiveness, track record, and client relationships. Competition is intense, often leading to competitive bidding for projects, which can impact margins.

MOAT

Based on the limited information, it is challenging to identify a strong, durable competitive advantage for Solarworld Energy Solutions Ltd. typical of a deep "moat." Potential areas where they might possess an advantage, often common for EPC players but not necessarily exclusive, could include:

Execution Expertise: A strong track record of timely and cost-effective project delivery.

Client Relationships: Established relationships with key developers, industrial clients, or government bodies.

Cost Efficiency: Ability to procure components at favorable prices and manage project costs effectively.

Local Market Knowledge: Understanding of local regulations, land acquisition processes, and supply chains in India.

However, these advantages are often replicable by competitors in a fragmented market.

Growth Drivers

Key factors that can drive growth for Solarworld Energy Solutions Ltd. over the next 3-5 years include:

Government Renewable Energy Targets: India's aggressive goals to increase solar power capacity, including utility-scale, C&I, and residential sectors.

Declining Solar Technology Costs: Continued reduction in solar panel and balance-of-system costs makes solar projects more economically viable.

Corporate Demand for Green Energy: Increasing adoption of renewable energy by corporations seeking to reduce carbon footprint and electricity costs.

Rising Grid Electricity Tariffs: Makes solar power an increasingly attractive alternative for consumers and businesses.

Energy Security Concerns: Drive for diversifying energy sources and reducing reliance on fossil fuels.

Risks

Solarworld Energy Solutions Ltd. faces several business risks, including:

Policy and Regulatory Changes: Unfavorable changes in government policies, subsidies, or tariffs can impact project viability.

Intense Competition: The crowded EPC market can lead to margin compression and difficulty in securing projects.

Project Execution Risks: Delays, cost overruns, quality issues, and unforeseen site conditions can impact profitability.

Supply Chain Disruptions & Commodity Price Volatility: Fluctuations in prices of solar panels, inverters, and other components, or supply chain bottlenecks, can affect project costs and timelines.

Financing Availability: Access to adequate and affordable project financing can be critical for large-scale solar projects.

Land Acquisition Challenges: Difficulty or delays in acquiring suitable land for utility-scale projects.

Grid Integration Issues: Challenges in connecting new solar projects to the existing grid infrastructure.

Management & Ownership

As an Indian company, Solarworld Energy Solutions Ltd. is likely promoted and managed by its founding family or a core group of individuals (promoters). Without specific details, it is difficult to assess the quality of management or the exact ownership structure. Typically, promoter entities hold a significant stake, alongside institutional investors or the public (if listed). The effectiveness of management would be reflected in their ability to navigate competitive pressures, execute projects efficiently, and adapt to evolving market conditions.

Outlook

The outlook for Solarworld Energy Solutions Ltd. is balanced between significant growth potential and notable operational challenges. The Indian solar energy sector is poised for substantial expansion, driven by strong government impetus, increasing environmental awareness, and improving economics of solar power. This provides a robust tailwind for an EPC company specializing in solar solutions. However, the industry is highly competitive, characterized by intense bidding pressure, which can squeeze profit margins. The company's success will largely depend on its ability to secure a consistent pipeline of profitable projects, demonstrate strong project execution capabilities, manage its supply chain effectively, and adapt to policy changes while maintaining cost competitiveness. Navigating the operational complexities inherent in large-scale construction projects and managing financial risks will be crucial for sustainable growth.

Solarworld Energy So Share Price

Live · BSE / NSE · Inception: 2013
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Solarworld Energy So Quarterly Results

#(Fig in Cr.) Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 23 142 204 176 68 138 578 592 168
Other Income 1 1 1 3 12 3 10 15 10
Total Income 24 143 205 179 81 141 588 607 178
Total Expenditure 15 112 145 163 59 123 512 534 157
Operating Profit 8 31 60 16 21 18 75 73 21
Interest 1 2 2 2 3 4 6 7 6
Depreciation 0 0 0 0 0 1 2 2 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0
Profit Before Tax 7 29 58 14 18 13 67 64 13
Provision for Tax 3 7 16 4 5 3 17 16 3
Profit After Tax 5 22 43 10 13 9 50 49 9
Adjustments -2 -0 -0 -1 -0 -0 -1 0 0
Profit After Adjustments 3 22 43 9 13 9 49 49 9
Adjusted Earnings Per Share 0.4 3.1 5.8 1.3 1.7 1.1 5.7 5.7 1.1

Solarworld Energy So Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 28 232 501 545 1376 1476
Other Income 4 3 4 6 40 38
Total Income 32 235 506 551 1416 1514
Total Expenditure 26 211 432 436 1228 1326
Operating Profit 6 24 73 116 188 187
Interest 4 6 7 6 21 23
Depreciation 0 0 0 0 5 7
Exceptional Income / Expenses 0 0 0 0 0 0
Profit Before Tax 2 19 68 107 161 157
Provision for Tax 0 4 17 30 41 39
Profit After Tax 2 15 52 77 120 117
Adjustments 0 0 0 0 0 -1
Profit After Adjustments 2 15 52 77 120 116
Adjusted Earnings Per Share 0.3 2.3 8 10.4 13.9 13.6

Solarworld Energy So Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 7 22 74 309 848
Minority's Interest 0 0 0 0 0
Borrowings 10 17 16 64 65
Other Non-Current Liabilities -0 -0 -1 -4 -5
Total Current Liabilities 50 81 65 224 774
Total Liabilities 67 120 154 593 1682
Fixed Assets 0 1 2 37 145
Other Non-Current Assets 8 7 9 121 80
Total Current Assets 59 111 144 435 1457
Total Assets 67 120 154 593 1682

Solarworld Energy So Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 3 2 4 20 11
Cash Flow from Operating Activities -4 -7 7 54 -50
Cash Flow from Investing Activities -19 3 19 -273 -476
Cash Flow from Financing Activities 21 6 -10 210 538
Net Cash Inflow / Outflow -1 3 16 -9 12
Closing Cash & Cash Equivalent 2 4 20 11 23

Solarworld Energy So Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 0.34 2.3 8 10.39 13.9
CEPS(Rs) 0.37 2.33 8.06 10.42 14.5
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 1.09 3.39 11.39 41.64 97.69
Core EBITDA Margin(%) 7.07 9.24 13.74 20.05 10.76
EBIT Margin(%) 24.69 10.86 15 20.71 13.2
Pre Tax Margin(%) 8.74 8.32 13.65 19.57 11.7
PAT Margin (%) 7.9 6.38 10.32 14.14 8.75
Cash Profit Margin (%) 8.63 6.48 10.4 14.19 9.14
ROA(%) 3.27 15.86 37.74 20.62 10.59
ROE(%) 31.07 102.4 108.25 40.3 20.85
ROCE(%) 11.54 34.56 67.92 40.42 23.81
Receivable days 140.38 24.5 18.48 58.44 65.24
Inventory Days 20 2.39 1.37 1.44 14.35
Payable days 65.26 14.61 11.24 39.81 85.36
PER(x) 0 0 0 0 10.32
Price/Book(x) 0 0 0 0 1.47
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 1.47 0.2 0.04 0.05 0.67
EV/Core EBITDA(x) 6.73 1.97 0.29 0.21 4.93
Net Sales Growth(%) 0 736.55 115.53 8.73 152.61
EBIT Growth(%) 0 267.76 197.79 50.15 61.03
PAT Growth(%) 0 575.9 248.42 49.06 56.36
EPS Growth(%) 0 575.85 248.41 29.96 33.75
Debt/Equity(x) 7.42 2.95 0.83 0.37 0.3
Current Ratio(x) 1.18 1.37 2.2 1.94 1.88
Quick Ratio(x) 1.15 1.35 2.17 1.94 1.74
Interest Cover(x) 1.55 4.27 11.08 18.11 8.8
Total Debt/Mcap(x) 0 0 0 0 0.21

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +152% +81% — —
Operating Profit CAGR +62% +99% — —
PAT CAGR +56% +100% — —
Share Price CAGR -61% — — —
ROE Average +21% +56% +61% +61%
ROCE Average +24% +44% +36% +36%

Solarworld Energy So Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 65.77 %
FII 0.77 %
DII (MF + Insurance) 9.25 %
Public (retail) 24.21 %
# Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 65.6765.6765.6765.7765.77
FII 3.43.41.491.240.77
DII 131311.211.419.25
Public 17.9317.9321.6521.5824.21
Others 00000
Total 100100100100100

Solarworld Energy So Peer Comparison

Engineering - Construction Edit Columns

Solarworld Energy So Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Solarworld Energy So Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 56%
  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend.
  • Debtor days have increased from 39.81 to 85.36days.
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