---
title: "Solarium Green Energy Ltd (544354) — Share Price, Financials & Analysis"
symbol: "544354"
company: "Solarium Green Energy Ltd"
canonical: "https://tapetide.com/stocks/544354"
isin: "INE0W0H01017"
nse_symbol: "SOLARIUMGREENENERGYLTD"
bse_code: "544354"
sector: "Construction"
industry: "Civil Construction"
market_cap_cr: 305.3
generated_at: "2026-09-13T19:17:11.255Z"
---

# Solarium Green Energy Ltd (544354)

Canonical page: https://tapetide.com/stocks/544354

## Company

- **NSE Symbol:** SOLARIUMGREENENERGYLTD
- **BSE Code:** 544354
- **ISIN:** INE0W0H01017
- **Sector:** Construction
- **Industry:** Civil Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2025-02-13
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** solariumenergy.in

## About

Incorporated in 2018, Solarium Green Energy Ltd is a solar energy company which specializes in integrated solar solutions and turnkey services[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:36:55.967540Z.

- **Market Cap:** ₹305.3 Cr
- **Classification:** SME
- **P/E (reported):** 14.9
- **Book Value:** ₹77.93
- **Price to Book:** 1.88
- **Dividend Yield:** 0%
- **ROE:** 13.14%
- **ROCE:** 18.31%
- **Debt to Equity:** 0.96
- **Revenue (yearly):** ₹368.15 Cr
- **Net Income:** ₹24.77 Cr
- **EBITDA:** ₹30.42 Cr
- **52-Week High:** ₹380
- **52-Week Low:** ₹129.15
- **RSI (14):** 36.61

## Tapetide Score

- **Score:** 45 / 100
- **Score date:** 2026-09-04
- **Archetype:** Expensive and Under Pressure
- **What it means:** The multiple is demanding and the trend has turned against it, without the financial strength that would justify paying up. What matters is whether the de-rating stops at the multiple or starts showing up in the numbers.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Falling
- **Percentile:** 28.3 (of 4473 scored stocks)
- **Confidence:** 86%
- **Data coverage:** 71%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 23.15 | 9% |
| growth | 96.89 | 9% |
| momentum | 43.23 | 12% |
| ownership | 39.12 | 24% |
| quality | 52.21 | 22% |
| valuation | 39.24 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company's working capital requirements have reduced from 43.7 days to 15.2 days

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 151 days.

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| cash flow growth | — | -860.31% |
| ebitda margin growth | -30.56% | -41.55% |
| net income growth | 33.17% | 119% |
| revenue growth | 59.3% | 55% |
| roce | -77.21% | -77.21% |
| roe | -82.87% | 44.92% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 82 | 148 | 117 | 251 |
| Expenses | 70 | 134 | 103 | 234 |
| Operating Profit | 12 | 14 | 13 | 17 |
| OPM % | 14 | 10 | 12 | 7 |
| Other Income | 0 | 1 | 3 | 5 |
| Interest | 1 | 2 | 4 | 6 |
| Depreciation | 0 | 1 | 0 | 1 |
| Profit before tax | 10 | 12 | 11 | 15 |
| Tax % | 28 | 9 | 19 | 25 |
| Net Profit | 8 | 11 | 9 | 11 |
| EPS in Rs | 4.91 | 5.3 | 4.42 | 5.39 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 167 | 99 | 177 | 230 | 368 |
| Expenses | 163 | 93 | 153 | 204 | 338 |
| Operating Profit | 5 | 6 | 24 | 26 | 30 |
| OPM % | 2.8 | 6 | 14 | 11 | 8 |
| Other Income | 1 | 0 | 0 | 1 | 8 |
| Interest | 1 | 1 | 3 | 4 | 10 |
| Depreciation | 1 | 2 | 1 | 1 | 1 |
| Profit before tax | 3 | 3 | 21 | 23 | 27 |
| Tax % | 39 | 43 | 26 | 18 | 23 |
| Net Profit | 2 | 2 | 16 | 19 | 20 |
| EPS in Rs | 6.83 | 5.8 | 52.47 | 8.92 | 9.81 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 3 | 3 | 3 | 21 | 21 |
| Reserves | 0 | 2 | 18 | 121 | 142 |
| Borrowings | 15 | 27 | 32 | 68 | 157 |
| Other Liabilities | 14 | 13 | 26 | 25 | 140 |
| Total Liabilities | 32 | 44 | 78 | 234 | 459 |
| Fixed Assets | 5 | 6 | 6 | 6 | 95 |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 27 | 39 | 72 | 228 | 364 |
| Total Assets | 32 | 44 | 78 | 234 | 459 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 6 | -4 | 0 | -62 | 18 |
| Cash from Investing Activity | -2 | -4 | -3 | 2 | -87 |
| Cash from Financing Activity | -4 | 10 | 2 | 135 | 82 |
| Net Cash Flow | -1 | 2 | -2 | 75 | 13 |
| Free Cash Flow | 5 | -6 | -1 | -63 | -72 |
| CFO/OP | 150 | -48 | 23 | -221 | 66 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 14 | 27 | 65 | 144 | 151 |
| Inventory Days | 21 | 58 | 61 | 97 | 139 |
| Days Payable | 25 | 41 | 35 | 43 | 135 |
| Cash Conversion Cycle | 10 | 44 | 91 | 198 | 155 |
| Working Capital Days | 5 | 14 | 30 | 86 | 15 |
| ROCE % | — | 18 | 57 | 20 | 13 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 78.57% | 58.34% | 58.34% | 58.58% |
| FIIs | 0% | 2.87% | 0.22% | 0% |
| DIIs | 0% | 6.16% | 3.15% | 1.69% |
| Government | 0% | 0% | 0% | 0% |
| Public | 0% | 25.98% | 30.24% | 32.99% |
| Others | 21.43% | 6.65% | 8.05% | 6.74% |
| No. of Shareholders | 159 | 1808 | 2049 | 2956 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 6 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 149.4 | Sell |
| EMA (10) | 148.64 | Sell |
| SMA (20) | 151.22 | Sell |
| EMA (20) | 152.3 | Sell |
| SMA (50) | 164.62 | Sell |
| EMA (50) | 161.95 | Sell |
| SMA (100) | 178.96 | Sell |
| EMA (100) | 174.06 | Sell |
| SMA (200) | 191.33 | Sell |
| EMA (200) | 200.54 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 37.97 | Neutral |
| MACD (12,26,9) | -5.19 | Buy |
| Stochastic (14,3,3) | 18.71 | Buy |
| ADX (14) | 14.94 | Neutral |
| Williams %R (14) | -77.05 | Neutral |
| ATR (14) | 6.11 | High Volatility |
| ROC (12) | -1.21 | Sell |
| Stoch RSI (14) | 74.49 | Neutral |
| UO (7,14,28) | 38.75 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=28cfb2a6-e7e2-4613-9343-5859e611e7cf.pdf) |
| 2026-09-05 | [Board Meeting Outcome for Outcome Of Board Meeting Held On Today I.E. On September 05 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=99c36a0a-c87a-4f87-a312-8abb4ed5c77f.pdf) |
| 2026-09-05 | [Submission Of Notice Of 4Th Annual General Meeting.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=62923160-2075-4521-a5ef-6d0e8728f713.pdf) |
| 2026-09-05 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cc887e7a-b6ab-4495-898b-f773945eff64.pdf) |
| 2026-09-05 | [Letter Sent To Members](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=68b6e01a-e2d4-4693-b6da-52960a234db1.pdf) |
| 2026-08-07 | [Announcement under Regulation 30 (LODR)-Credit Rating](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cc2ff2be-19b5-483b-9cf0-5554fa4b8539.pdf) |
| 2026-08-05 | [Board Meeting Outcome for Outcome Of Board Meeting Held On Today I.E. August 05 2026 In Terms Of Second Proviso To Regulation 30(6) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3cbd9e9c-2af7-4faa-a337-2cff09fd40a2.pdf) |
| 2026-08-05 | [Announcement under Regulation 30 (LODR)-Change in Registered Office Address](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6838c735-de2a-4af6-810a-f23801ddbdcd.pdf) |
| 2026-08-05 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9d988669-96d3-415d-829f-f5408798a148.pdf) |
| 2026-07-16 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ddba55ef-96f9-45e5-947c-dbc12b66d99b.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-06-06 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c89f65b7-61c3-4963-81f9-fae5f7cee2af.pdf) |
| 2025-11-22 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b30106b0-2a77-468f-9f25-5191fce3dfde.pdf) |
| 2025-05-09 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cc67b11c-a252-4848-8413-f82e2c9976cf.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-06-02 | [Audio Recording Of The Earnings Call With Investors/ Analysts- Pertaining To The Financial Results And Operations Of The Company For The Half Year And Year Ended On March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8a119b99-e9bd-4fe0-a9cf-6b50d0d540f3.pdf) |
| 2025-11-17 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=79154faf-f460-4aee-9c38-18abc702e236.pdf) |
| 2025-05-05 | [Audio Recording Of The Earnings Call With Investors/ Analysts- Pertaining To The Financial Results And Operations Of The Company For The Half Year And Year Ended On March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3e181cf9-d06d-41ca-8706-7122605a2de1.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-06-02 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b0475f02-8880-4caa-8370-c3234b449020.pdf) |
| 2025-11-16 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=079893bc-7f21-41bb-81f7-972bd2ae3483.pdf) |
| 2025-05-04 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3887c5a6-5e29-4086-b8f0-d7c6b7952176.pdf) |
| 2025-05-04 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=72c5fa49-05c1-4c0e-af17-de6a0434ffd1.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b30106b0-2a77-468f-9f25-5191fce3dfde.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/72c5fa49-05c1-4c0e-af17-de6a0434ffd1.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cc67b11c-a252-4848-8413-f82e2c9976cf.pdf) |
| Jun 2026 | [Concall - Jun 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b0475f02-8880-4caa-8370-c3234b449020.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-29 | [Considered Approved And Taken On Record The Audited Standalone & Consolidated Financial Results For The Half Year And Year Ended On March 31 2026 Along With Audit Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=449fbfa5-8f44-46b6-b21a-1d49024715cc.pdf) |
| 2025-11-14 | [Submission Of Unaudited Standalone & Consolidated Financial Results For The Half Year Ended On September 30 2025 Along With Limited Review Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aa4faabb-9ed8-4e30-a2fb-f7478673fd21.pdf) |
| 2025-05-03 | [Submission Of Standalone & Consolidated Audited Financial Result Of The Company For The Half Year And Year Ended On March 31 2025 Along With Auditor Report (Unmodified Opinion) And Declaration For The AuditorS Report With Unmodified Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=90bcfc4f-9fb2-4a63-ab5e-116128f93e25.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 5 Mar - Virtual investor meeting at Bharat Connect Conference on 10 March 2026. | [Intimation Of Schedule Of Analyst/Institutional Investor Meetings Under The SEBI (LODR) Regulations, 2015 5 Mar - Virtual investor meeting at Bharat Connect Conference on 10 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/197451d8-8a17-4885-bd29-da198a29b745.pdf) |
| 5 Feb - Held today on Thursday February 05, 2026, has considered and approved allotment of 5,060 equity shares under the Solarium Employee Stock Option Plan 2024. | [Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 5 Feb - Held today on Thursday February 05, 2026, has considered and approved allotment of 5,060 equity shares under the Solarium Employee Stock Option Plan 2024.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/90bc2085-d8e1-4335-871e-1698b4d61a3f.pdf) |
| 31 Jan - CARE assigned CARE BBB-; Stable to Rs50cr term loan and CARE BBB-/A3 to Rs47cr facilities (Jan 2026). | [Announcement under Regulation 30 (LODR)-Credit Rating 31 Jan - CARE assigned CARE BBB-; Stable to Rs50cr term loan and CARE BBB-/A3 to Rs47cr facilities (Jan 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/98d27d60-49da-4199-9ba4-be09dcabedf9.pdf) |
| 23 Mar - Virtual group investor/analyst meeting on 27 March 2026 by Solarium Green Energy. | [Intimation Of Schedule Of Analyst/Institutional Investor Meetings Under The SEBI (LODR) Regulations, 2015 23 Mar - Virtual group investor/analyst meeting on 27 March 2026 by Solarium Green Energy.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/51a8abd9-2430-46f8-9206-67939ae04f55.pdf) |
| 20 Mar - Two solar panel POs totaling ₹22,50,98,308; deliveries by mid-May 2026. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 20 Mar - Two solar panel POs totaling ₹22,50,98,308; deliveries by mid-May 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/16188750-d580-4de3-80b9-ae667edfe73b.pdf) |
| 18 Mar - Commissioned 1 GW solar module plant in Ahmedabad on March 18, 2026; ready for commercial production. | [Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Intimation Regarding Commissioning Of Solar Module Manufacturing Facility In Ahmedabad. 18 Mar - Commissioned 1 GW solar module plant in Ahmedabad on March 18, 2026; ready for commercial production.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ac763aa3-54ba-436c-bfe6-1e7e5bcdecfd.pdf) |
| 18 Mar - Commissioned 1 GW Ahmedabad module plant; ~₹90 crore capex; potential >₹1,000 crore annual revenue. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 18 Mar - Commissioned 1 GW Ahmedabad module plant; ~₹90 crore capex; potential >₹1,000 crore annual revenue.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/81e111ef-8429-4114-91fd-ba043455ace1.pdf) |
| 13 Feb - Monitoring agency report: IPO proceeds of INR 25.26 Crore fully utilised for general corporate purposes, quarter ended Dec 31, 2025. | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report 13 Feb - Monitoring agency report: IPO proceeds of INR 25.26 Crore fully utilised for general corporate purposes, quarter ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/02562bc4-3efa-4609-9234-931173cc19f4.pdf) |
| 13 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended on March 31, 2026, | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 13 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended on March 31, 2026,](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d357b711-902e-4810-afa3-a1bc71b691e9.pdf) |
| 1 Apr - LOA dated Apr 01, 2026: ₹188.525 Crore EPC plus 3-year O&M for 50 MWac Maharashtra solar project. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 1 Apr - LOA dated Apr 01, 2026: ₹188.525 Crore EPC plus 3-year O&M for 50 MWac Maharashtra solar project.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/df0c3bc8-1133-412f-9f65-6dc1a3938b55.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/566caff3-11b2-41d6-8a39-435ff8f117fd.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:17:11.255Z.