A leading green energy stock surged nearly 5 percent after the company announced a joint venture with WattPower Systems Private Limited. The strategic partnership aims to significantly expand the distribution network of high-quality solar inverters across key markets in Madhya Pradesh and Maharashtra, strengthening the company’s presence in India’s growing renewable energy sector.
During Wednesday’s trading session, the shares of Solarium Green Energy Ltd reached an intraday high of Rs.394.70 per share, rising 4.5 percent from the previous close of Rs.377.85 per share. The shares have retreated from the peak and are trading at Rs.389.75 apiece.
Contract Specifications
Solarium Green Energy Limited has partnered with WattPower Systems Private Limited as a value-added partner to expand the distribution of high-quality solar inverters across Madhya Pradesh and Maharashtra.
This collaboration aims to drive solar energy adoption through Ground-Mounted Schemes, delivering clean and sustainable energy solutions to both urban and rural communities.
As WattPower’s value-added partner, Solarium will utilize its strong regional presence and expertise to ensure last-mile delivery and smooth implementation of high-efficiency solar technology. Together, the two companies are focused on increasing access to solar energy across India and supporting the nation’s transition to a greener future.
The WattPower WP-330KTL is a high-efficiency smart string inverter with over 99 percent efficiency. It supports up to 1,500V input, includes 6 MPP trackers, and delivers 275,000W of nominal AC power. It comes equipped with advanced protection features and supports USB, MBUS, and RS485 communication. The inverter operates efficiently across a temperature range of -25°C to 60°C and is IP66 rated for durability.
WattPower currently holds a market share of around 15 GW. Its clientele includes major energy players like Adani Green Energy, SNS (Channel Partner), Torrent Power, and Greenko.
Business Developments
The residential rooftop segment remains the core revenue driver, contributing 37 percent of FY25 revenue. The company adopted a tech-first approach, with full digitalization from lead generation to project completion and a unified customer portal to boost efficiency.
Geographically, the firm expanded into 15 new cities in H2 FY25 and now operates across approximately 15 states and union territories. Execution momentum remained strong, with over 13,900 projects completed between April 2021 and March 2025, and 905 residential projects currently in progress.
To strengthen its channel network, Solarium Green Energy Limited launched the ‘Solar Saarthi’ program, onboarding around 200 channel partners under a PE model priced at Rs.11,000 per partner. This added a fresh revenue stream and ensured partner accountability.
Monthly revenue from residential rooftop projects doubled from Rs.5 crores at the start of FY25 to Rs.10 crores by March 2025. However, approximately Rs.17 crores worth of orders were delayed to Q1 FY26 due to constraints in sourcing DCR panels.
Solarium Green Energy has an unexecuted order book of Rs.120 crores, scheduled for execution in FY26. It holds the L1 position for Rs.243 crores worth of NTPC/PSU tenders, with Rs.35 crores already received post-March and another Rs.54 crores expected within 1.5 months. Additionally, tenders worth Rs.44 crores have been bid for, with results pending. The company also submitted bids exceeding Rs.450 crores in April 2025 alone.
Financial Performance
Solarium Green Energy Limited reported a consolidated revenue of Rs.148 crores in H2 FY25, reflecting a strong increase of approximately 80.5 percent compared to Rs.82 crores in H1 FY25.The company’s net profit rose to Rs.11 crores in H2 FY25, registering a growth of 37.5 percent from Rs.8 crores in H1 FY25.
The company has a Return on Capital Employed (ROCE) of 12.41 percent and a Return on Equity (ROE) of 13.14 percent. Its Price-to-Earnings (P/E) ratio stands at 42.41, higher than the industry average of 34.6. Furthermore, the company maintains a current ratio of 9.01, a debt-to-equity ratio of 0.48, and an Earnings Per Share (EPS) of Rs.8.91.
Written by – Siddesh S Raskar
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