Solar Energy Stock engaged in providing integrated renewable energy solutions like solar modules, solar pumps, rooftop solar, and many more in focus following an agreement to set up a new solar panel plant.
Price Action
With a market capitalization of Rs. 560 Crores, the shares of Sahaj Solar Limited were trading at Rs. 510 per equity share, up 0.13 percent from its previous day’s close price of Rs. 519.95.
What Happened
Sahaj Solar Limited engaged in the business of providing integrated renewable energy Solutions has entered into a lease agreement for a period of 9 years to set up a solar panel manufacturing plant.
About the Company
Sahaj Solar Limited is engaged in the business of providing integrated renewable energy solutions. Its operations include manufacturing solar PV modules, provision of solar pumps, and providing Engineering, Procurement, and Construction(EPC) services related to it.
It has a strong customer base with well-known players like Maharashtra State Electricity Distribution. co ltd, Madhya Gujarat Vij Company Limited, Maharashtra Energy Development Agency, Mahindra Solarize Private Limited, Mahindra Susten Private Limited and many others.
Coming to the revenue breakdown, as of FY24, Sahaj Solar Limited generated 70.49 percent of its revenue from Solar Pumps, Solar Panels 27.11 percent, Solar Rooftops 2.05 percent, other products like street light home lights 0.07 percent and others 0.28 percent.
Financials & Ratios
Its revenue from operations grew by 61 percent from Rs. 61 Crores in H1FY24 to Rs. 98 Crores in H1FY25, accompanied by profits of Rs. 2 Crores to Rs. 5 Crores.
In terms of return ratios, it has reported a return on equity (ROE) of 18.45 percent and a return on capital employed (ROCE) of 31.55 percent. In terms of liquidity, it has reported a debt-to-equity ratio of 0.03.
Written by: Bharath K.S
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