Synopsis:
Solarium Green Energy Ltd rises 2% after signing MOUs for supplying 100 MW of solar PV modules, valued at ₹140 crore. The modules, featuring G12 and G12R technology, will be produced at its new facility starting January 2026.
The shares of the Micro-Cap solar stock specializing in turnkey solar solutions for various projects, including design, engineering, procurement, construction, commissioning, and maintenance, jumped upto 2 percent upon signing MOUs worth Rs. 140 crore for the supply of solar PV modules.
With a market capitalization of Rs. 676.05 crores on Tuesday, the shares of Solarium Green Energy Ltd jumped upto 1.8 percent, making a high of Rs. 327.70 per share compared to its previous closing price of Rs. 321.80 per share.
What Happened
Solarium Green Energy Ltd, engaged in turnkey solar solutions for various projects, including design, engineering, procurement, construction, commissioning, and maintenance, has signed Memorandums of Understanding (MOUs) with several solar industry companies for the supply of 100 MW of solar photovoltaic (PV) modules, valued at approximately Rs. 140 crore.
The MOUs, dated November 4, 2025, were signed with Solergy India (35 MW), Sunstore Solar Private Limited (30 MW), ARM Renewables (20 MW), and Suntek Energy Systems Pvt Ltd (Truzon Solar) (15 MW).
These modules, totaling around 1,41,000 units, will be produced at Solarium’s new solar module manufacturing facility, which is set to begin operations in January 2026. The modules will feature advanced G12 and G12R technology, with power outputs of 720 WP and 620 WP, respectively.
This deal marks an important milestone for Solarium, demonstrating strong market demand and supporting future growth. The MOUs also enhance the company’s order book and revenue prospects, ensuring the efficient execution of upcoming projects.
Financials & Others
The company’s revenue rose by 80.4 percent from Rs. 82 crore in September 2024 to Rs. 148 crore in March 2025. Meanwhile, the Net profit rose from Rs. 8 crore to Rs. 11 crore during the same period.
The company has demonstrated strong financial performance, with a Return on Capital Employed (ROCE) of 20.1% and a solid Return on Equity (ROE) of 23.0%. Over the past three years, the company has maintained an impressive ROE of 37.0%, reflecting its effective use of shareholders’ equity to generate profits.
With a debt-to-equity ratio of 0.48, the company maintains a balanced capital structure, ensuring financial stability. Additionally, a PEG ratio of 0.34 indicates that the stock is reasonably priced relative to its earnings growth, suggesting potential for future value creation.
Solarium Green Energy Ltd is a leading Indian solar energy company founded in 2018 by Ankit Garg, specializing in integrated, turnkey solar solutions from design to operations and maintenance. The company serves residential, commercial, industrial, and government projects and also sells solar products like PV modules and inverters. Headquartered in Ahmedabad, Gujarat, the company has expanded its presence across India and completed its initial public offering (IPO) in February 2025.
It has made significant strides in the solar energy sector, having commissioned over 65 MW in residential projects, 35 MW in rooftop installations, and 30 MW in ground mount projects. With over 200 MW of Solarium modules installed, the company has also expanded its reach through 250+ channel partners and solarized more than 18,000 residential homes. Operating in 65+ cities and supported by a strong team of 250+ professionals.
Written by Sridhar J
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