| Market Cap | ₹5,303 CrMid-Cap |
|---|---|
| Revenue TTM | ₹4,143 CrOperating |
| P/E Ratio | 21.38Sector 46.33 |
| Order from | Two renowned Independent Power producers/EPC Players |
| Execution period | By March 2027 |
| Deal value | ₹297.5 Cr |
| Share of market cap | 5.6% |
| Share of annual revenue | 7.2% |
Key highlights
- Order value totals ₹297.5 crore for the supply of solar photovoltaic modules
- Contract awarded by two renowned domestic independent power producers and EPC entities
- Execution timeline for the supply is set for completion by March 2027
- Material subsidiary Saatvik Solar Industries Private Limited will handle the production and delivery
- The contract is a domestic commercial engagement and not a related party transaction
What Is the Order?
Saatvik Green Energy Limited, through its material subsidiary Saatvik Solar Industries Private Limited, has accepted a domestic order valued at ₹297.5 crore. This commercial contract involves the supply of high-efficiency solar photovoltaic (PV) modules. The order was awarded by two prominent Independent Power Producers (IPPs) and Engineering, Procurement, and Construction (EPC) players.
According to the regulatory filing, the entire project is scheduled for completion by March 2027. This move reinforces the company’s presence in the domestic renewable energy equipment market, specifically within the large-scale utility and infrastructure sectors.
Business Impact
The acquisition of this ₹297.5 crore contract provides significant revenue visibility for Saatvik Green Energy over the next two fiscal years. Given the company's trailing twelve-month (TTM) revenue of ₹4,143.72 crore, this single order represents a substantial addition to the ongoing project pipeline. The project execution timeline extending to March 2027 aligns with the company’s long-term growth trajectory in the solar manufacturing space.
Furthermore, the contract is a domestic commercial engagement and does not involve related party transactions, ensuring the order contributes directly to the subsidiary's operational scaling without any conflict of interest.
Business Overview
- Operates as a leading Indian manufacturer of solar photovoltaic modules and renewable energy solutions
- Maintains a significant manufacturing presence with facilities located in Ambala, Haryana, and Gandhidham, Gujarat
- Specialises in the production of high-efficiency Mono PERC and Topcon solar modules for utility-scale applications
- Serves a broad client base including utility-scale power producers and commercial enterprises
- Ranked among the top four solar PV module manufacturers in India with a 4.8 GW annual capacity
- Actively expanding production capacity to meet rising demand driven by national renewable energy targets
Financial Context
Saatvik Green Energy has demonstrated strong growth momentum, reporting an annual operating revenue increase of 109.26% for the last fiscal year. The company maintains a robust promoter holding of 75.99%, indicating stable internal control, while institutional investors hold an 11.16% stake. On the valuation front, the stock trades at a TTM Price-to-Earnings (P/E) ratio of 21.38, which is lower than the broader industry average of 40.72 and the sector average of 46.33.
This financial positioning comes as the company continues to execute a confirmed order book that recently stood at 6.35 GW, providing strong medium-term business visibility.
| Share price | ₹417.25 |
|---|---|
| Market capitalisation | ₹5,303.46 Cr |
| Revenue (annual) | ₹4,548.44 Cr |
| Net profit (annual) | ₹357.30 Cr |
| Revenue (latest quarter) | ₹511.01 Cr-68.21% vs previous quarter |
| Net profit (latest quarter) | ₹5.51 Cr-90.91% vs previous quarter |
| P/E (TTM) | 21.38×Sector 46.33× |
| Promoter holding | 75.99%0.00% QoQ |
| FII holding | 0.19%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Saatvik Green Energy Limited announcing the receipt of a ₹297.5 crore order for solar modules. Market figures from a third-party data provider.
