Saatvik Green Energy
Saatvik Green Energy (SAATVIKGL) share price was ₹349.25 at the 28 Oct 2026 close; market capitalisation ₹4,439 Cr; P/E (TTM) 18.02; sector Capital Goods. The share price fell 31.1% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue fell 44.2% year on year to ₹511.01 Cr and net profit fell 95.5% year on year to ₹5.36 Cr (compared with Jun 2025). Promoters held 75.99% of Saatvik Green Energy in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 47/100 (Average) as of 28 Oct 2026.
Key Fundamentals
MicrocapElectrical EquipmentCapital GoodsPrice-based figures as of 28 Oct 2026, 15:54 IST · EPS basis: Consolidated · TTM
Peer Comparison
Industrials › Capital Goods › Other Electrical Equipment
| ₹15,419.00 | 52.42 | 64,563 Cr | 8.18 | 0.40% | 18.11% | 29.21% | 24,377 Cr | 1,181 Cr | |
| ₹2,238.00 | 16.87 | 64,376 Cr | 4.46 | 0.18% | 25.88% | 30.63% | 32,189 Cr | 4,003 Cr | |
| ₹845.20 | 23.01 | 38,368 Cr | 8.91 | 0.12% | 35.02% | 27.88% | 8,670 Cr | 1,674 Cr | |
| ₹6,976.50 | 159.43 | 21,459 Cr | 26.09 | 0.04% | 11.43% | 15.30% | 1,097 Cr | 134 Cr | |
| ₹325.40 | 94.32 | 19,461 Cr | 19.28 | 0.00% | -26.18% | 10.63% | 2,314 Cr | 182 Cr | |
| ₹243.75 | 11.90 | 16,876 Cr | 3.84 | 0.42% | 29.27% | 34.80% | 6,063 Cr | 1,418 Cr | |
| ₹2,046.50 | 102.33 | 13,687 Cr | 18.97 | 0.00% | 15.65% | 21.95% | 1,794 Cr | 134 Cr | |
| Saatvik Green Energy (this company) | ₹349.25 | 18.02 | 4,439 Cr | 3.26 | 0.00% | 26.24% | 30.83% | 4,188 Cr | 246 Cr |
| Median 8 companies | ₹1,445.85 | 37.72 | 20,460 Cr | 8.55 | 0.08% | 21.99% | 28.55% | 5,125 Cr | 713 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100. How it works →
v2.0.0
Category scores
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
2- Company is expected to give good quarter
- Company has a good return on equity (ROE) track record: 3 Years ROE 59.0%
Weaknesses
1- Though the company is reporting repeated profits, it is not paying out dividend
Technical Indicators
Oscillators
Bullish
Overall
Bearish
Moving Averages
Bearish
2 of 2 analysts rate Buy, 0 Hold, 0 Sell.
Updated 28 Oct 2026
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin 6.62% · Jun 2026
AI Analysis — Bull vs Bear
Saatvik Green Energy demonstrates exceptional growth with TTM sales growth of 111% and 3-year compounded profit CAGR of 324%, supported by a strong ROE of 42% last year. At a PE of 16.5x, the stock appears reasonably valued for a high-growth renewable energy company in the Industrials sector with a market cap of Rs 5,905 Cr.
- TTM sales growth of 111% indicates massive revenue acceleration, reflecting strong demand for solar energy products in India
- 3-year compounded profit CAGR of 324% demonstrates extraordinary earnings scalability and operating leverage
- PE ratio of 16.5x is attractive for a company growing profits at 67% TTM, implying a PEG ratio of approximately 0.25x
- 3-year ROE of 59% and last year ROE of 42% indicate highly efficient capital deployment well above industry averages
- 100% analyst buy rating (1 out of 1 analyst) with zero hold or sell recommendations signals professional confidence
- Company is expected to deliver a good upcoming quarter, suggesting continued momentum in order book execution
- Market cap of Rs 5,905 Cr positions it as a mid-cap with significant room for re-rating as the green energy sector attracts institutional flows
- Price-to-book ratio of 4.33x is justified by the 42% ROE, as high return businesses typically command premium valuations
- Zero dividend yield despite repeated profitability suggests management is not returning capital to shareholders
- Only 1 analyst covers the stock, indicating limited institutional research coverage and potential liquidity risk
- 5-year and 10-year growth data unavailable, suggesting the company has a short listed history with limited track record
- Debt-to-equity ratio is undisclosed (null), creating uncertainty about leverage and balance sheet health
- 52-week high and low both showing as 0 indicates insufficient price history data, making technical analysis difficult
- EPS data is unavailable, limiting ability to verify earnings quality and per-share profitability trends
- Price-to-book of 4.33x means investors pay a significant premium over book value, increasing downside risk if growth decelerates
- ROE declined from 59% (3-year average) to 42% (last year), a 17 percentage point drop suggesting potential margin compression ahead
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- FY26 net profit up 64% May 20
Consolidated net profit rose to ₹3,571.15 million in FY26 from ₹2,171.48 million in FY25, with revenue from operations surging to ₹45,484.37 million.
- ₹171 crore solar module order May 26
Won a ₹171.45 crore order for solar PV modules from a domestic EPC player, scheduled for execution by October 2026.
- Investor meet on May 22 May 19
Physical one-on-one meeting with analysts and investors in Mumbai on May 22, 2026. No unpublished price sensitive information to be discussed.
- Board meet for Q4/FY26 results May 12
Board meeting scheduled for May 20, 2026 to approve standalone and consolidated audited financial results for Q4 and FY26 ended March 31, 2026.
TL;DR: Saatvik Green Energy is delivering strong growth with a 64% jump in FY26 net profit and continued order wins in the solar PV module space. No visible headwinds emerged in recent news flow. The trend is clearly improving, supported by robust domestic demand for solar modules and healthy execution timelines extending into late 2026.
Analyst Forecasts
Quarterly Results
| Particulars | Jun 2023 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 234 | 246 | 475 | 518 | 919 | 916 | 768 | 1,257 | 1,608 | 511 |
| Expenses | 213 | 214 | 407 | 450 | 762 | 739 | 660 | 1,106 | 1,500 | 477 |
| Operating Profit | 20.94 | 32.48 | 68.06 | 68.15 | 157 | 177 | 108 | 151 | 108 | 33.83 |
| OPM % | 8.97% | 13.2% | 14.32% | 13.15% | 17.09% | 19.33% | 14.11% | 12.02% | 6.7% | 6.62% |
| Other Income | 2.44 | 8.12 | 20.83 | 2.11 | 3.02 | 4.01 | 15.15 | 11.44 | 5.01 | 8.72 |
| Interest | 3.28 | 6.65 | 8.61 | 12.48 | 16.48 | 19.04 | 13.63 | 23.12 | 15.5 | 21.74 |
| Depreciation | 1.14 | 4.35 | 5.44 | 9.44 | 11.94 | 12.46 | 13.69 | 14.7 | 23.32 | 13.41 |
| PBT | 18.96 | 29.6 | 74.84 | 48.34 | 132 | 150 | 96.2 | 125 | 73.83 | 7.4 |
| Tax % | 26.27% | 28.21% | 18.47% | 16.32% | 28.07% | 20.55% | 13.48% | 22.32% | 18.16% | 27.57% |
| Net Profit | 13.98 | 21.24 | 61.03 | 40.45 | 94.71 | 119 | 83.24 | 96.92 | 60.42 | 5.36 |
| EPS (₹) | 1.38 | 2.09 | 6.03 | 3.61 | 8.45 | 10.6 | 6.55 | 7.63 | 4.77 | 0.43 |
Profit & Loss
| Particulars | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|
| Sales | 609 | 1,088 | 2,158 | 4,548 | 4,144 |
| Expenses | 593 | 940 | 1,829 | 4,006 | 3,743 |
| Operating Profit | 15 | 148 | 329 | 543 | 401 |
| OPM % | 2.5% | 14% | 15% | 12% | 10% |
| Other Income | 9 | 9 | 32 | 36 | 40 |
| Interest | 11 | 14 | 46 | 73 | 74 |
| Depreciation | 7 | 11 | 31 | 64 | 65 |
| PBT | 7 | 132 | 284 | 442 | 302 |
| Tax % | 29% | 24% | 24% | 19% | — |
| Net Profit | 5 | 100 | 217 | 357 | 246 |
| EPS (₹) | 0.47 | 9.89 | 19.38 | 28.1 | 19.38 |
| Div. Payout % | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 3 | 3 | 22 | 25 |
| Reserves | 17 | 117 | 318 | 1,336 |
| Borrowings | 153 | 280 | 503 | 939 |
| Other Liabilities | 90 | 288 | 795 | 814 |
| Total Liabilities | 263 | 688 | 1,639 | 3,114 |
| Fixed Assets | 50 | 117 | 320 | 451 |
| CWIP | 0 | 33 | 2 | 384 |
| Investments | 0 | 10 | 0 | 0 |
| Other Assets | 213 | 528 | 1,318 | 2,279 |
| Total Assets | 263 | 688 | 1,639 | 3,114 |
Cash Flow
| Particulars | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Operating | 5 | 44 | 43 | -27 |
| Investing | -24 | -69 | -198 | -896 |
| Financing | 32 | 25 | 149 | 946 |
| Net Cash Flow | 13 | -1 | -7 | 23 |
| Free Cash Flow | -18 | -17 | -144 | -628 |
| CFO/EBITDA | 61 | 41 | 30 | 17 |
Ratios
| Particulars | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Debtor Days | 13 | 59 | 68 | 56 |
| Inventory Days | 89 | 98 | 150 | 72 |
| Days Payable | 45 | 82 | 128 | 60 |
| Cash Conversion Cycle | 56 | 75 | 89 | 69 |
| Working Capital Days | 0 | 7 | 26 | 43 |
| ROCE % | — | 51% | 53% | 33% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Saatvik Green Energy insights
59 extracted metrics + investor summaries across FY22–FY27.
Documents
Frequently Asked Questions about Saatvik Green Energy
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Company Information
Incorporated in 2015, Saatvik Green Energy Limited manufactures modules and offers engineering, procurement, and construction.[1]
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