Solarium Green Energy Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 15 Jun 2026 | Construction | Market Cap: ₹357 Cr
Revenue is expected to continue growing at rates similar to or higher than the past couple of years, driven by ramp-up in manufacturing and large EPC project execution. FY26 EBITDA grew 31% YoY to ₹35.3 crores; EBITDA margin at ~9.6%.
From Solarium Green Energy Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹152
Market Cap
₹357 Cr
P/E Ratio
19.5
Revenue Rank
Margin Rank
How does Solarium Green Energy Ltd rank in Construction?
Compare Solarium Green Energy Ltd against every Construction company this quarter on revenue, margins and earnings-call signals.
📊 Revenue & Sales Performance
Rank 2- →Revenue is expected to continue growing at rates similar to or higher than the past couple of years, driven by ramp-up in manufacturing and large EPC project execution.
- →With the manufacturing facility now active and a robust order book of over ₹300 crores, growth rate is anticipated to accelerate further.
- →The company has a forward pipeline of 300 MW+ EPC projects under active discussion, with a hopeful conversion of around 60% within 2-3 months.
- →Margins are expected to improve, targeting an exit EBITDA margin of around 10-12% in FY27, up from the current 8-9%.
- →Finance costs proportionate to revenue are expected to reduce progressively as manufacturing operations generate returns.
- →Working capital requirements are foreseen to be lower with large EPC contracts due to better cash collection during project execution.
- →Manufacturing is targeting 50-60% captive consumption, supporting integration and growth.
📈 Profitability & Margins
Rank 3- →FY26 EBITDA grew 31% YoY to ₹35.3 crores; EBITDA margin at ~9.6%.
- →Gross profit increased 40% YoY to ₹111 crores; gross margin moderated to 30% due to EPC mix.
- →PAT was ₹20.5 crores, slightly up from FY25, influenced by higher finance costs and working capital build-up.
- →Management expects margins to stabilize or improve to 10-12% EBITDA range by FY27 as manufacturing integration deepens.
- →Revenue growth anticipated to accelerate with active 303 MW EPC order book and ramping manufacturing.
- →Finance costs expected to normalize from elevated FY26 levels as manufacturing assets generate returns.
- →Working capital management will improve with larger EPC contracts, reducing receivable cycle.
- →Manufacturing utilization currently ~45%; target 40-50% captive consumption aiding scale and margins.
- →Overall positive outlook on earnings growth, margin expansion, and improving cash conversion going forward.
🏗️ Capital Expenditure Plans
No- →No major CAPEX is foreseen in FY27; focus will be on execution and ramp-up of manufacturing volumes. (Page 10)
- →FY26 included a significant CAPEX of approximately ₹90 crores for commissioning the 1.2 GW module manufacturing facility. (Page 5)
- →Additionally, ₹100 crores working capital was invested for manufacturing operations in FY26. (Page 5)
- →Finance costs related to these CAPEX and working capital were ₹10.5 crores in FY26, expected to stabilize as manufacturing scales. (Page 5)
- →The company plans to stabilize operations in ground-mount EPC projects and enter BESS integration as EPC player in medium to long term, signaling strategic investment emphasis there. (Page 14)
- →No further large CAPEX is planned currently; focus is on leveraging existing manufacturing and project infrastructure. (Page 10)
💰 Fundraising & Capital Structure
Yes- →No major new CAPEX is foreseen for FY27, indicating limited immediate need for fresh fundraising.
- →Current debt consists of approximately ₹100 crore working capital loans and ₹50 crore term loan repayable over six years.
- →Finance cost increased due to borrowing for manufacturing facility setup but is expected to stabilize.
- →No explicit mention of new fundraising plans through debt or equity in the call transcript.
- →The company is focused on ramping up operations and improving margins with existing capital structure.
- →Monitoring of working capital and finance cost remains a priority to support growing EPC order book.
- →Overall, no announced plans for new debt or equity raising in the near term as per the latest disclosures.
📋 Order Book & Pipeline
Yes- →Current executed order book: Over ₹300 crores as of FY26.
- →Large EPC segment: Confirmed 50 MW ground-mounted solar project in Maharashtra valued at ₹185 crores.
- →Active discussions/pipeline: Over 300 MW of EPC projects are under advanced discussion.
- →Expected conversion: Around 60% conversion of the 300 MW pipeline expected within the next 2-3 months.
- →Residential segment: Monthly run rate of ₹10-12 crores, expected to rise to ₹16-18 crores including solar kits by end of calendar year.
- →Captive module consumption: Approximately 65 MW of confirmed captive module consumption within EPC order book.
- →Orders for external module sales: ₹35-40 crores currently to be supplied month-on-month.
- →Majority of current order book expected to be executed within FY27, with a significant portion in H1.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
Frequently Asked Questions
What were Solarium Green Energy Ltd Q4 FY26 results?
Revenue is expected to continue growing at rates similar to or higher than the past couple of years, driven by ramp-up in manufacturing and large EPC project execution. FY26 EBITDA grew 31% YoY to ₹35.3 crores; EBITDA margin at ~9.6%.
What is Solarium Green Energy Ltd share price analysis?
Solarium Green Energy Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 19.5 with a market cap of ₹357 Cr. Investors should review the full earnings analysis for detailed insights.
Is Solarium Green Energy Ltd planning capital expenditure?
No major CAPEX is foreseen in FY27; focus will be on execution and ramp-up of manufacturing volumes.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.