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Solarworld Energy Solutions Ltd

₹ 276-1.52%
05 Jan – close price
🔗worldsolar.in•BSE: 544532•NSE: SOLARWORLD
Market Cap₹ 2,390 Cr.
Current Price₹ 276
High / Low₹ 389
Stock P/E30.9
Book Value₹ 88.0
Dividend Yield0.00 %
ROCE48.6 %
ROE44.6 %
Face Value₹ 5.00
Sales₹ 546 Cr.
OPM20.3 %
Mar Cap₹ 2,390 Cr.

ABOUT

Incorporated in 2013, SolarWorld Energy Solutions Limited is a solar energy solutions provider specializing in engineering, procurement, and construction (EPC) services for solar power projects.[1]

KEY POINTS

Business Profile[1]Solarworld Energy Solutions Limited provides solar energy solutions with a focus on EPC (engineering, procurement, and construction) services for solar power projects, catering primarily to PSUs and commercial & industrial clients.

Also present in buckets:
Aggressive Growth TriggersAggressive Growth TriggersExcellent ResultsExcellent ResultsAsset Base ExpansionCapacity Expansion And ProductsCapacity Expansion And ProductsOrder Book PositionOrder Book PositionLarge Order ReceiptsLarge Order ReceiptsJv Partnerships AcquisitionsJv Partnerships AcquisitionsRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Larsen & Toubro4150.4035.52570921.090.824678.0115.6367983.5310.4414.49270722.5112.6716074.883926.095.634.981.32
2.Rail Vikas361.0066.2975269.230.48230.52-19.735122.975.5214.7220026.004.701135.41230.297.886.400.52
3.NBCC119.6548.3732305.500.56156.6925.712910.2018.9933.1712751.715.04667.83153.5212.094.680.00
4.IRB Infra.Devl.42.2429.1425508.740.71140.8241.001751.0210.427.828024.6748.08875.41140.821.252.011.02
5.Kalpataru Proj.1199.5024.9520484.170.75237.3991.276528.5732.4315.9525498.998.25821.04240.052.942.360.69
6.KEC International752.7529.3320038.210.73160.7588.216091.5619.1317.9823335.947.26683.11160.753.552.750.94
7.Ircon Intl.177.0227.7216649.011.50136.51-32.681976.75-19.2311.609787.967.43600.65138.652.583.740.80
8.Solarworld Ene.275.7530.862390.000.0015.24-32.48126.81-10.6648.55546.3220.2884.7715.243.1325.190.10
–Median: 116 Co.135.1518.98571.030.09.2123.05149.5710.7318.3510.6712.7931.749.162.336.930.44

Quarterly Results

Standalone figures in ₹ crores

Jun 2024Jun 2025Mar 2025Sep 2024Sep 2025
Sales
2368178142127
Expenses
1558164112110
Operating Profit
710143017
Other Income
514416
Profit before tax
1122172921
Tax %
24%26%27%23%26%
Net Profit
817122315
EPS in Rs
239.542.241.683.181.76

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2024Mar 2025
Sales
501546
Expenses
433436
Operating Profit
68111
Other Income
412
Interest
75
Depreciation
00
Profit before tax
65117
Net Profit
4988
EPS in Rs
1,521.8811.82
Dividend Payout %
0%0%

Compounded Profit Growth

10 Years:%
5 Years:%
3 Years:%
TTM:74%

Compounded Sales Growth

10 Years:%
5 Years:%
3 Years:%
TTM:9%

Return on Equity

10 Years:%
5 Years:%
3 Years:%
Last Year:45%

Stock Price CAGR

10 Years:%
5 Years:%
3 Years:%
1 Year:%

Balance Sheet

Standalone figures in ₹ crores

Mar 2024Mar 2025Sep 2025
Equity Capital
0.323743
Reserves
67276720
Borrowings
614875
Other Liabilities
20163319
Total Liabilities
1485251,157
Fixed Assets
11415
Gross Block
2.2115.83–
Accumulated Depreciation
1.281.49–
CWIP
01013
Investments
388
Other Assets
1454931,121
Total Assets
1485251,157

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2024Mar 2025
Cash from Operating Activity
749
Cash from Investing Activity
19-200
Cash from Financing Activity
-10140
Net Cash Flow
16-10

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2024Mar 2025
Debtor Days
2296
Inventory Days
22
Days Payable
1266
Cash Conversion Cycle
1232
Working Capital Days
2893
ROCE %
–49%

Shareholding Pattern

Numbers in percentages

Sep 2025
Promoters
65.67%
FIIs
3.40%
DIIs
11.80%
Public
19.13%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Solarworld Energy Solutions wins 200MW Bikaner solar project contract worth ₹267.53 crore from NTPC

1st April 2026, 6:11 pm

Solarworld Energy Solutions to Close Trading Window from April 1, 2026, for Financial Results

31st March 2026, 10:32 pm

Solarworld Energy bags ₹314.26 Cr BESS EPC contract from NTPC

30th March 2026, 12:55 am

Solarworld Energy Solutions Approves ₹6.75 Crore Bank Guarantee for Subsidiary's Battery Storage Project

12th March 2026, 1:48 am

Solarworld Energy Solutions: CARE Ratings Withdraws Issuer Rating Upon Company's Request

9th March 2026, 11:30 pm

Published by Other Websites

External media mentions & references

SolarWorld Energy Soars 13% on Rs 267 Cr NTPC Solar Project Deal

1st April 2026, 3:46 pm

Solarworld Energy Lands ₹283 Crore NTPC BESS Contracts

30th March 2026, 4:44 pm

2025 IPOs Crash: Most Listings Now Trade Below Offer Price

25th March 2026, 6:50 am

Solarworld Energy Surges 14% As Rs 725 Crore NTPC Order Ignites Rally!

29th December 2025, 2:31 pm

Solar Giant Surges 14% After Landing Massive ₹725 Crore Project Deal from NTPC Renewable!

29th December 2025, 10:36 am

News Articles

Editorial & research coverage

Market Movers Alert: Coforge Acquisition, Vedanta Bid, Timex OFS & More Stocks in Focus Today!
Market Movers Alert: Coforge Acquisition, Vedanta Bid, Timex OFS & More Stocks in Focus Today!

29th December 2025, 7:33 am

Solarworld Energy Soars: Bags Massive ₹725 Crore NTPC Renewable Project Order!
Solarworld Energy Soars: Bags Massive ₹725 Crore NTPC Renewable Project Order!

27th December 2025, 11:06 am

₹3,400 Crore Shares Set to Hit Market! 7 Companies Face Lock-in Expiry Today - Will Prices Plummet?
₹3,400 Crore Shares Set to Hit Market! 7 Companies Face Lock-in Expiry Today - Will Prices Plummet?

26th December 2025, 4:42 am

Solarworld Energy Revenue Surges, But Consolidated Profit Plunges 45%
Solarworld Energy Revenue Surges, But Consolidated Profit Plunges 45%

Documents

Announcements

Closure of Trading Window
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

27 Dec - EPC LoA from NTPC RE for 250 MWac solar project; ~INR 725.33 Cr; completion FY2026-27.

Announcement Under Regulation 30 (LODR)- Updates

22 Dec - Znshine enlisted under ALMM List-I with 1.552 GW capacity, valid till 21.12.2029.

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

9 Dec - Signed BESPA on 08-Dec-2025 with Gujrat Urja Vikas Nigam for 200MW/400MWh BESS, INR 806.40 Cr over 12 years.

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

Annual Reports

Financial Year 2025

(from bse)

Credit Ratings

Rating update

13 Feb 2025 from crisil

Concalls

Nov 2025

TranscriptPPTRecording

Oct 2025

PPT

Stock Analysis

Description

  1. Solarworld Energy Solutions Limited provides solar energy solutions, specializing in engineering, procurement, and construction (EPC) services for solar power projects.

Key Growth Triggers

  1. Secured a significant 200 MW/400 MWh BESS project in Gujarat valued at ₹806.40 Cr.
  2. Received a major EPC contract from NTPC Renewable Energy Limited for a 250 MWac solar project, valued at INR 725.33 Cr.
  3. Subsidiary Znshine Solarworld enlisted under India's ALMM Order for solar PV modules, enabling future module sales.
  4. Strategic expansion into solar module and BESS manufacturing.

Order Book

  1. As per FY25 annual report, ended FY25 with a substantial order book of `25,278.14 Mn (approx. ₹2,527.81 Cr).
  2. Recent large orders include a 200 MWac/272 MWp EPC contract for ~₹802.84 Cr and a 250 MWac EPC contract for ₹725.33 Cr.
  3. Recent BESS project secured for 200 MW/400 MWh valued at ₹806.40 Cr.

Key Red Flags

  1. Past news indicated receipt of a penalty from BSE for alleged non-compliance with annual report submission regulations.
  2. Company data shows debtor days increased from 59.2 to 96.4 and working capital days increased from 60.6 to 93.5 in FY25.
  3. Consolidated PAT saw a significant YoY decline in Q2 FY26 (-50.3%).

Key Dates To Watch

  1. Trading window closure from January 1, 2026, for Q3 FY26 results review.
  2. AGM held on November 28, 2025.
  3. Board meeting to approve Q2 FY26 results held on November 12, 2025.

Corporate Announcements

1st Apr 26
Impact Rating: 9
Solarworld Energy Solutions announced winning a 200MW Balance of System package contract for a solar PV project in Bikaner, Rajasthan, worth ₹267.53 crore, including a 3-year O&M agreement from NTPC Renewable Energy.
31st Mar 26
Impact Rating: 6
Solarworld Energy Solutions Limited will observe a trading window closure from April 1, 2026. This restriction applies to designated persons and their immediate relatives until 48 hours post financial results announcement.
29th Mar 26
Impact Rating: 8
Solarworld Energy Solutions announced receiving an EPC contract from NTPC for BESS implementation at Solapur Thermal Power Station. The contract is valued at approximately ₹314.26 crore (excluding taxes) and is for 132 MW/264 MWh.
11th Mar 26
Impact Rating: 7
Solarworld Energy Solutions will issue a bank guarantee up to ₹6.75 crore for its wholly-owned subsidiary, Solarworld BESS One Private Limited, to support a 500 MW/1000 MWh battery storage project.
9th Mar 26
Impact Rating: 5
Solarworld Energy Solutions Limited has informed stock exchanges (BSE & NSE) that CARE Ratings has withdrawn its issuer rating for the company. This action was taken upon the company's voluntary request, adhering to SEBI listing regulations.