Saatvik Green Energy Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹4,426 Cr
- P/E
- 17.82
- ROE
- 42.34%
- PEG
- 0.06
- Price to sales
- 1.07
- Debt to equity
- 0.69
- 52W high / low
- ₹538 / ₹334
- EBITDA margin
- 9.68%
- Net profit margin
- 7.92%
- Promoter holding
- 75.99%
- Sales (last year)
- ₹4,144 Cr
Incorporated in 2015, Saatvik Green Energy Limited manufactures modules and offers engineering, procurement, and construction.[1]
Guidance scorecard · Q1 FY27 call
What Saatvik Green Energy Ltd's management guided
and where it ranks in Electrical Equipment
Electrical Equipment
RevenueQ1 FY27 call
20–40%- Saatvik anticipates FY27 sales of 3.5 to 4 gigawatts and revenue around INR 6,000 crores.
- EBITDA margin guidance for FY27 is approximately 12%, with PAT margin between 6-7%.
- FY28 is expected to be a milestone year with significant demand growth for Domestic Content Requirement (DCR) panels due to increased utility projects starting April onwards.
- The current order book of 6.35 gigawatts (~INR 8,200 crores) is expected to be executed mostly within 12-18 months, providing revenue visibility.
- Ramp-up of the Odisha cell manufacturing plant by end of FY27 will contribute positively to volumes and margins.
2 more points from Saatvik Green Energy Ltd's call on revenue
Create a free account to keep reading this call
MarginsQ1 FY27 call
Up 2%+See what Saatvik Green Energy Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Saatvik is progressing on its integrated solar manufacturing expansion, focusing on cell and module production at the Odisha facility.
- Phase 1 includes 2.4 GW cell and 4 GW module capacity; ramp-up expected soon with ALMM-2 inspection planned for September 2026.
- Planning for Phase 2: additional 3.6 GW cell capacity on 27 acres, targeted to start site activities by end of Q2 FY27 and complete by end of FY28.
- Phase 3 plans 6 GW ingot and wafer manufacturing capacity, targeted for completion by FY29 to align with ALMM-3 transition.
- Total capex for 6 GW cell plus 4 GW module (Phases 1 & 2) approximately INR 3,500 crores; INR 1,000 crores incurred so far.
2 more points from Saatvik Green Energy Ltd's call on capex
Create a free account to keep reading this call
FundraisingQ1 FY27 call
PlannedSee what Saatvik Green Energy Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- Saatvik Green Energy Limited's confirmed order book stands at approximately 6.35 gigawatts.
- This order book represents around 132% of the company's current operational module capacity of 4.8 gigawatts.
- The order book in INR terms is about INR 8,200 crores.
- Order execution timeline is typically between 12 to 18 months.
- Approximately 30% of the orders are Domestic Content Requirement (DCR) orders.
- The order mix includes about 70% utility-scale projects and 30% commercial & industrial (C&I) projects; retail orders are executed regularly but not part of this order book.
2 more points from Saatvik Green Energy Ltd's call on the order book
Create a free account to keep reading this call
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Electrical Equipment
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Electrical Equipment companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹72,673 Cr | 18.1 | |
| 2 | 40%+ | Up 2%+ | ₹21,700 Cr | 158.1 | |
| 3 | 40%+ | Up 2%+ | ₹491 Cr | 12.2 | |
| 4 | 40%+ | Up 0–2% | ₹12,434 Cr | 48.4 | |
| 5 | 40%+ | Up 0–2% | ₹2,042 Cr | 35.4 | |
| 6 | 40%+ | Up 0–2% | ₹529 Cr | 7.0 |
Sign up free to see every company in the sector ranking and track Saatvik Green Energy Ltd.
Pro shows every company guiding 40%+ revenue growth →Full Electrical Equipment rankingSaatvik Green Energy Ltd announcements
All announcements →Financials of Saatvik Green Energy Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Saatvik Green Energy Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2023 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales + | 234 | 246 | 475 | 518 | 919 | 916 | 768 | 1,257 | 1,608 |
| Expenses + | 213 | 214 | 407 | 450 | 762 | 739 | 660 | 1,106 | 1,500 |
| Operating Profit | 21 | 32 | 68 | 68 | 157 | 177 | 108 | 151 | 108 |
| OPM % | 9% | 13% | 14% | 13% | 17% | 19% | 14% | 12% | 7% |
| Other Income + | 2 | 8 | 21 | 2 | 3 | 4 | 15 | 11 | 5 |
| Interest | 3 | 7 | 9 | 12 | 16 | 19 | 14 | 23 | 16 |
| Depreciation | 1 | 4 | 5 | 9 | 12 | 12 | 14 | 15 | 23 |
| Profit before tax | 19 | 30 | 75 | 48 | 132 | 150 | 96 | 125 | 74 |
| Tax % | 26% | 28% | 18% | 16% | 28% | 21% | 13% | 22% | 18% |
| Net Profit + | 14 | 21 | 61 | 40 | 95 | 119 | 83 | 97 | 60 |
| EPS in Rs | 41.36 | 62.90 | 181.07 | 3.61 | 8.45 | 10.60 | 6.55 | 7.63 | 4.77 |
Financials of Saatvik Green Energy Ltd
Profit & Loss
Annual income statement trend
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Sales + | 609 | 1,088 | 2,158 | 4,548 |
| Expenses + | 593 | 940 | 1,837 | 4,007 |
| Operating Profit | 15 | 148 | 322 | 542 |
| OPM % | 2% | 14% | 15% | 12% |
| Other Income + | 9 | 9 | 32 | 36 |
| Interest | 11 | 14 | 42 | 71 |
| Depreciation | 7 | 11 | 31 | 64 |
| Profit before tax | 7 | 132 | 280 | 442 |
| Tax % | 29% | 24% | 24% | 19% |
| Net Profit + | 5 | 100 | 214 | 357 |
| EPS in Rs | 14.05 | 297.10 | 19.11 | 28.11 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
Financials of Saatvik Green Energy Ltd
Balance Sheet
Capital structure and asset base
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 3 | 3 | 22 | 25 |
| Reserves | 17 | 117 | 315 | 1,336 |
| Borrowings + | 153 | 280 | 503 | 939 |
| Other Liabilities + | 90 | 288 | 795 | 814 |
| Total Liabilities | 263 | 688 | 1,636 | 3,115 |
| Fixed Assets + | 50 | 117 | 320 | 451 |
| CWIP | 0 | 33 | 2 | 384 |
| Investments | 0 | 10 | 0 | 0 |
| Other Assets + | 213 | 528 | 1,314 | 2,280 |
| Total Assets | 263 | 688 | 1,636 | 3,115 |
Financials of Saatvik Green Energy Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Cash from Operating Activity + | 5 | 44 | 43 | -27 |
| Cash from Investing Activity + | -24 | -69 | -198 | -896 |
| Cash from Financing Activity + | 32 | 25 | 149 | 946 |
| Net Cash Flow | 13 | -1 | -7 | 23 |
| Free Cash Flow | -18 | -17 | -144 | -628 |
| CFO/OP | 61% | 41% | 31% | 17% |
Financials of Saatvik Green Energy Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 13 | 59 | 68 | 56 |
| Inventory Days | 89 | 98 | 149 | 72 |
| Days Payable | 45 | 82 | 128 | 60 |
| Cash Conversion Cycle | 56 | 75 | 88 | 69 |
| Working Capital Days | -0 | 7 | 26 | 43 |
| ROCE % | 51% | 52% | 33% |
Guidance history
How Saatvik Green Energy Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Up 2%+ | Planned | Planned | Rising |
| Q4 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q3 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q2 FY26 call → | 40%+ | Flat | Planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
8 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −32.4% | 20% |
| Last 6 months | −24.3% | 13% |
| Last 3 months | −19.2% | 18% |
The price is 36.8% below its all-time high of ₹551.7 (9 Oct 2025). Stocks more than 20% below their peak have their score halved, so 17 became 8.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Saatvik Green Energy Ltd: 0.4 × 20 + 0.4 × 13 + 0.2 × 18 = 17, halved to 8 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Saatvik Green Energy Ltd's management said in earlier quarters
Others in Electrical Equipment this season
- Ram Ratna Wires (Q2 FY27)
Quarter Revenue (Consolidated):** ₹1,96,195.19 lakhs for Q2 FY2027 (30-09-2026) . Key results statement takeaways from Ram Ratna Wires Ltd's Q2 FY27 results sta
- Suzlon Energy Ltd (Q2 FY27)
Q2 FY27 consolidated net deliveries: 710 MW, up from 565 MW in Q2 FY26 (25.7% YoY increase). Key results statement takeaways from Suzlon Energy Ltd's Q2 FY27 ea
- Yash Highvoltage Ltd (Q2 FY27)
Bushings volume saw a 40% growth in H1 FY27 compared to H1 FY26, indicating strong volume momentum. Key concall takeaways from Yash Highvoltage Ltd's Q2 FY27…
- Volt.Transform. (Q2 FY27)
Revenue from operations for the quarter ended 30th September 2026: ₹68,419.19 lakh . Key results statement takeaways from Voltamp Transformers Ltd's Q2 FY27 ear