---
title: "Himalayan Solar Ltd (HIMALAYAN) — Share Price, Financials & Analysis"
symbol: "HIMALAYAN"
company: "Himalayan Solar Ltd"
canonical: "https://tapetide.com/stocks/HIMALAYAN"
nse_symbol: "HIMALAYAN"
sector: "Industrials"
industry: "Electrical Equipment"
generated_at: "2026-10-13T11:01:19.988Z"
---

# Himalayan Solar Ltd (HIMALAYAN)

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

## Company

- **NSE Symbol:** HIMALAYAN
- **Sector:** Industrials
- **Industry:** Electrical Equipment
- **Macro Sector:** Industrials
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

Incorporated in 2015, Himalayan Solar 
Limited specializes in providing integrated turnkey solar energy solutions, offering 
services including design, manufacturing, supply, installation, and commissioning of 
a wide range of solar products.[1]

## Latest Price

- **Price:** ₹87.05
- **Change:** +2.55 (+3.02%)
- **Open:** ₹88.5
- **Day High:** ₹88.7
- **Day Low:** ₹87
- **Previous Close:** ₹84.5
- **Volume:** 61200
- **As Of:** 2026-10-13T09:57:24+00:00

## Key Insights

### Strengths

- Company has a good return on equity (ROE) track record: 3 Years ROE 67.3%

### Weaknesses

- Company has high debtors of 269 days.
- Working capital days have increased from 40.9 days to 81.6 days

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | 28% | 231% |
| revenue growth | 20% | 53% |

## Financial Statements

### Profit & Loss

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

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 48 | 138 | 142 | 170 |
| Expenses | 45 | 130 | 117 | 140 |
| Operating Profit | 3 | 8 | 25 | 30 |
| OPM % | 6 | 6 | 18 | 18 |
| Other Income | 0 | 0 | 1 | 1 |
| Interest | 2 | 1 | 3 | 3 |
| Depreciation | 0 | 0 | 1 | 1 |
| Profit before tax | 1 | 7 | 22 | 28 |
| Tax % | 29 | 28 | 25 | 25 |
| Net Profit | 1 | 5 | 16 | 21 |
| EPS in Rs | 1.61 | 13.71 | 45.59 | 12.74 |
| Dividend Payout % | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Equity Capital | 4 | 4 | 4 | 16 |
| Reserves | 2 | 7 | 23 | 31 |
| Borrowings | 19 | 24 | 27 | 36 |
| Other Liabilities | 8 | 50 | 40 | 75 |
| Total Liabilities | 33 | 84 | 94 | 158 |
| Fixed Assets | 1 | 1 | 5 | 6 |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| Other Assets | 31 | 83 | 89 | 152 |
| Total Assets | 33 | 84 | 94 | 158 |

### Cash Flow

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

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | 2 | -6 | 4 | -2 |
| Cash from Investing Activity | -2 | -6 | 0 | -3 |
| Cash from Financing Activity | 8 | 4 | 1 | 7 |
| Net Cash Flow | 8 | -8 | 6 | 2 |
| Free Cash Flow | 2 | -6 | -1 | -4 |
| CFO/OP | 72 | -65 | 23 | 13 |

### Ratios

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Debtor Days | 91 | 107 | 170 | 269 |
| Inventory Days | 84 | 591 | — | — |
| Days Payable | 44 | 1182 | — | — |
| Cash Conversion Cycle | 131 | -484 | 170 | 269 |
| Working Capital Days | -42 | 4 | 37 | 82 |
| ROCE % | — | 28 | 58 | 46 |

## Shareholding Pattern

### annual

| Category | Oct 2026 |
| --- | --- |
| Promoters | 70.13% |
| FIIs | 2.62% |
| DIIs | 4.56% |
| Public | 22.69% |
| No. of Shareholders | 1610 |

### Quarterly

| Category | Oct 2026 |
| --- | --- |
| Promoters | 70.13% |
| FIIs | 2.62% |
| DIIs | 4.56% |
| Public | 22.69% |
| No. of Shareholders | 1610 |

## Technical Indicators

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

- **Overall Signal:** Neutral
- **Buy / Neutral / Sell:** 0 / 19 / 0

### Moving Averages — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | — | Neutral |
| EMA (10) | — | Neutral |
| SMA (20) | — | Neutral |
| EMA (20) | — | Neutral |
| SMA (50) | — | Neutral |
| EMA (50) | — | Neutral |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | — | Neutral |
| MACD (12,26,9) | — | Neutral |
| Stochastic (14,3,3) | — | Neutral |
| ADX (14) | — | Neutral |
| Williams %R (14) | — | Neutral |
| ATR (14) | — | Neutral |
| ROC (12) | — | Neutral |
| Stoch RSI (14) | — | Neutral |
| UO (7,14,28) | — | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-10-05 | [Updates](https://nsearchives.nseindia.com/corporate/HIMALAYAN_05102026211512_KMP_for_materiality_of_events.pdf) |
| 2026-10-05 | [Updates](https://nsearchives.nseindia.com/corporate/HIMALAYAN_05102026210550_6_1__-_SEBI_LODR.pdf) |
| 2026-10-05 | [Updates](https://nsearchives.nseindia.com/corporate/HIMALAYAN_05102026212729_7_1__-_SEBI_LODR.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 2026-10-13T11:01:19.988Z.