Fujiyama Power Systems Ltd
UTLSOLAR NSE
Fujiyama Power Systems Ltd
IndustrialsNSE: UTLSOLAR BSE: 544613 Electrical Equipment
Key Fundamentals
MicrocapMarket Cap
₹13,611 Cr
Volatility
Moderate
P/E Ratio
46.02
EBITDA
₹490 Cr
Return on Equity
12.93%
Debt to Equity
0.41
Book Value
₹24.53
52W High
₹494.25
52W Low
₹172
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Fujiyama Power Systems Ltd insights
42 extracted metrics + investor summaries across FY20–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
3- Company is expected to give good quarter
- Company has delivered good profit growth of 72.8% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 36.9%
Weaknesses
2- Stock is trading at 10.8 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
Growth Rate
Revenue Growth
549.82% ↗
Net Income Growth
1512.98% ↗
Cash Flow Change
-53.87% ↘
ROE
62.85% ↗
ROCE
48.44% ↗
EBITDA Margin (Avg.)
83.02% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 7d agoAI opinion · based on fundamentals
Risk high
Fujiyama Power Systems Ltd is a small-cap industrials company with a market cap of ₹13,895 Cr, trading at a PE of 46.9x and PB of 18.93x. The company has demonstrated exceptional revenue growth of 95% TTM and profit growth of 131% TTM, supported by a 3-year ROE of 37%, but pays no dividend and trades at a significant premium to book value.
Bull Case 8
- TTM revenue growth of 95% indicates rapidly accelerating topline momentum
- Compounded profit growth of 132% over 3 years reflects strong operating leverage and scalability
- 5-year profit CAGR of 72.8% demonstrates sustained long-term earnings expansion
- 3-year ROE of 37% and last year ROE of 36% indicate highly efficient capital deployment
- 5-year ROE of 33% shows consistency in generating superior returns on shareholder equity
- Compounded sales growth of 59% over 3 years and 46% over 5 years shows durable demand trajectory
- Company is expected to deliver a good upcoming quarter based on operational trends
- Operating in the power systems and solar energy segment which benefits from India's energy transition push
Bear Case 8
- PE ratio of 46.9x is elevated and prices in significant future growth, leaving limited margin of safety
- Price-to-book of 18.93x (trading at 11.2x book value per screener data) implies extreme premium to net assets
- Zero dividend yield despite repeated profitability suggests no shareholder return via payouts
- Debt-to-equity ratio is unavailable, creating uncertainty about the company's leverage and financial risk profile
- 52-week high and low data unavailable (reported as 0), limiting ability to assess price range and volatility
- 10-year growth data is largely unavailable, making it difficult to assess long-term business cycle resilience
- Small-cap status with ₹13,895 Cr market cap may result in lower liquidity and higher price volatility
- Sustaining 95% TTM revenue growth and 131% profit growth at scale is historically difficult, raising mean-reversion risk
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 1d ago Positives 1
- Q1FY27 revenue surges 125% YoY Aug 21
Fujiyama Power Systems reported Q1FY27 revenue of ₹1,345.7 crore, up 125% YoY, with normalized PAT rising 144% to ₹165.2 crore and EBITDA margin expanding to 18.9%.
Neutral 1
- Q1FY27 earnings call scheduled Aug 11
Fujiyama Power Systems scheduled its Q1FY27 earnings conference call for August 14, 2026 at 4:00 PM IST to discuss results for the quarter ended June 30, 2026.
TL;DR: Fujiyama Power Systems delivered a standout Q1FY27 with 125% revenue growth and strong margin expansion to 18.9%, signaling robust execution and demand. No visible headwinds currently. The growth trajectory appears strong, and sustaining this momentum through upcoming quarters will be key to watch.
Quarterly Results
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 329 | 339 | 480 | 597 | 568 | 588 | 901 | 1,346 |
| Expenses | 279 | 286 | 401 | 491 | 465 | 479 | 729 | 1,091 |
| Operating Profit | 50 | 52 | 79 | 106 | 103 | 110 | 171 | 255 |
| OPM % | 15% | 15% | 16% | 18% | 18% | 19% | 19% | 19% |
| Other Income | 2 | 0 | 7 | 0 | 2 | 0 | 3 | -141 |
| Interest | 6 | 8 | 9 | 9 | 12 | 12 | 10 | 11 |
| Depreciation | 4 | 5 | 6 | 7 | 8 | 9 | 21 | 25 |
| PBT | 42 | 40 | 72 | 90 | 85 | 89 | 144 | 78 |
| Tax % | 25% | 26% | 29% | 25% | 26% | 25% | 26% | 26% |
| Net Profit | 32 | 30 | 51 | 68 | 63 | 67 | 106 | 58 |
| EPS in Rs | 12.99 | 1.07 | 1.83 | 2.41 | 2.25 | 2.2 | 3.47 | 1.88 |
Profit & Loss
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 299 | 405 | 506 | 664 | 925 | 1,541 | 2,655 | 3,403 |
| Expenses | 272 | 367 | 461 | 612 | 826 | 1,292 | 2,164 | 2,764 |
| Operating Profit | 28 | 38 | 45 | 52 | 99 | 249 | 490 | 639 |
| OPM % | 9% | 9% | 9% | 8% | 11% | 16% | 18% | 19% |
| Other Income | 3 | 3 | 1 | 1 | 3 | 9 | 6 | -136 |
| Interest | 2 | 2 | 5 | 16 | 26 | 27 | 44 | 45 |
| Depreciation | 13 | 13 | 1 | 6 | 13 | 18 | 44 | 62 |
| PBT | 15 | 26 | 40 | 31 | 63 | 213 | 408 | 396 |
| Tax % | 29% | 25% | 28% | 23% | 28% | 27% | 25% | — |
| Net Profit | 11 | 20 | 29 | 24 | 45 | 156 | 304 | 294 |
| EPS in Rs | 7.85 | 14.48 | 20.91 | 17.86 | 18.46 | 5.58 | 9.93 | 9.8 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 25 | 28 | 31 |
| Reserves | 11 | 31 | 167 | 179 | 215 | 369 | 1,243 |
| Borrowings | 125 | 142 | 141 | 215 | 205 | 395 | 520 |
| Other Liabilities | 46 | 55 | 77 | 106 | 166 | 222 | 551 |
| Total Liabilities | 195 | 241 | 400 | 515 | 610 | 1,014 | 2,344 |
| Fixed Assets | 89 | 83 | 114 | 232 | 276 | 418 | 673 |
| CWIP | 0 | 0 | 0 | 8 | 0 | 0 | 201 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 106 | 158 | 286 | 274 | 334 | 596 | 1,469 |
| Total Assets | 195 | 241 | 400 | 515 | 610 | 1,014 | 2,344 |
Cash Flow
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Operating | — | -10 | -58 | 78 | 85 | 18 | -3 |
| Investing | — | -7 | -46 | -132 | -45 | -118 | -520 |
| Financing | — | 16 | 104 | 54 | -37 | 104 | 654 |
| Net Cash Flow | — | -2 | 0 | 0 | 4 | 4 | 131 |
| Free Cash Flow | — | -18 | -91 | -60 | 38 | -99 | -515 |
| CFO/OP | — | -12 | -97 | 156 | 94 | 25 | 22 |
Ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 44 | 41 | 28 | 16 | 26 | 17 | 19 |
| Inventory Days | 66 | 85 | 174 | 136 | 124 | 128 | 180 |
| Days Payable | 47 | 43 | 45 | 52 | 61 | 40 | 71 |
| Cash Conversion Cycle | 64 | 82 | 158 | 100 | 88 | 105 | 128 |
| Working Capital Days | 43 | 44 | 40 | 6 | 11 | 22 | 59 |
| ROCE % | — | 17% | 18% | 13% | 21% | 39% | 35% |
Documents
1
Board Meeting Intimation for Consideration Of Audited Financial Results Of The Company For The Quarter And Financial Year Ended March 31 2026.
15h - Board meets May 14, 2026 to approve audited FY26 results; trading window closes until May 16. 15h - Board meets May 14, 2026 to approve audited FY26 results; trading window closes until May 16.
2
Disruption Of Operations- Intimation Regarding A Fire Incident
7 May - Fire at Bawal, Haryana manufacturing facility on May 6, 2026; no injuries, damage under assessment, insured. 7 May - Fire at Bawal, Haryana manufacturing facility on May 6, 2026; no injuries, damage under assessment, insured.
4
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
28 Apr - Fujiyama Power Systems says it is not a Large Corporate; borrowings were 179.8 crore, rating A. 28 Apr - Fujiyama Power Systems says it is not a Large Corporate; borrowings were 179.8 crore, rating A.
5
Announcement Under Regulation 30
29 Apr - BIS seized additional products worth INR 1.9 crore at Bawal facility on April 28, 2026. 29 Apr - BIS seized additional products worth INR 1.9 crore at Bawal facility on April 28, 2026.
1
Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association 24 Aug 2026
General_Announcements
Frequently Asked Questions about Fujiyama Power Systems Ltd
What does Fujiyama Power Systems Ltd do?
Founded in 2017, Fujiyama Power Systems Limited manufactures products and provides solutions in the rooftop solar industry, including on-grid, off-grid, and hybrid solar systems.[1]
Where is Fujiyama Power Systems Ltd (UTLSOLAR) listed?
Fujiyama Power Systems Ltd is listed on the Indian stock exchanges. It is listed on NSE: UTLSOLAR and BSE: 544613. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Fujiyama Power Systems Ltd belong to?
Fujiyama Power Systems Ltd operates in the Industrials sector within the Electrical Equipment industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Fujiyama Power Systems Ltd?
Fujiyama Power Systems Ltd has a market capitalisation of approximately ₹13611.09 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Fujiyama Power Systems Ltd?
The Price-to-Earnings (PE) ratio of Fujiyama Power Systems Ltd is 46.02. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Fujiyama Power Systems Ltd?
Over the past 52 weeks, Fujiyama Power Systems Ltd has traded between a low of ₹172 and a high of ₹494.25. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Fujiyama Power Systems Ltd?
Fujiyama Power Systems Ltd has a Return on Equity (ROE) of 12.93%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Fujiyama Power Systems Ltd on Tapetide?
On Tapetide, you can view Fujiyama Power Systems Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Founded in 2017, Fujiyama Power Systems Limited manufactures products and provides solutions in the rooftop solar industry, including on-grid, off-grid, and hybrid solar systems.[1]