Sahaj Solar Ltd.

•

sahajsolar.comBSE: -NSE: SAHAJSOLAR

Market Cap₹ 206 Cr.

Current Price

High / Low₹ 254 / 91

Stock P/E7.0

Book Value₹ 63

Price to Book1.47

Dividend Yield0.00 %

ROCE21.7 %

ROE24.6 %

Face Value₹ 10

Add ratio to table

ABOUT

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

View full sector analysis →

PROS

Company has a good return on equity (ROE) track record: 3 Years ROE 39.4%
Company has a healthy return on capital (ROCE) of 31.4%
Company has delivered good sales growth of 46.6% CAGR over last 5 years
Operating margins have improved to 12.4% from 6.4%
Company has consistently been profitable over the last 5 years

CONS

Operating cash flow has been negative in recent years
Receivables are growing faster than sales - a possible quality concern
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -2.23x)
Free cash flow has been persistently negative
Total debt has risen sharply - up 205.8% year on year

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsCapital GoodsEngineering - Industrial Equipments

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	BHEL	430.60	61.64	149937.65	0.33	376.71	182.70	7697.72	40.29	9.24	6.69
2.	INDOMIM	1018.90	94.43	50382.66	0.58	2401.22	—	12187.42	—	24.48	33.36
3.	THERMAX	3680.25	73.91	43852.50	0.54	21.79	-85.61	2302.73	7.09	15.85	2.98
4.	HONAUT	34514.05	55.37	30515.68	0.32	150.70	20.95	1204.40	1.80	17.04	14.32
5.	JYOTICNC	987.95	69.84	22468.26	0.00	57.14	-19.99	508.47	23.97	21.34	21.40
6.	INOXINDIA	2245.75	80.12	20418.91	0.09	58.07	-4.98	370.79	9.18	33.54	20.46
7.	AZAD	2846.00	132.25	18379.96	0.00	35.16	19.46	172.60	25.90	12.04	37.29
8.	TRITURBINE	569.10	53.80	18091.60	0.75	51.10	-20.65	442.70	19.23	35.95	11.59
9.	TEGA	1731.10	615.52	13005.36	0.12	-108.25	-406.36	1723.44	383.99	8.37	3.27
10.	LLOYDSENGG	82.72	57.36	12830.19	0.30	68.23	-77.28	527.15	142.92	17.99	15.04
11.	KRN	1595.75	107.75	10445.54	0.00	32.90	164.84	252.32	118.87	16.06	19.44
12.	SAHAJSOLAR	93.95	6.98	206.43	0.00	—	—	—	—	21.75	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	62	67	185	201	330	419
	59	63	174	177	288	367
Operating Profit	3	4	11	24	42	52
OPM %	4.88%	5.84%	6.11%	12.12%	12.80%	12.35%
	0	1	0	1	1	2
Interest	1	2	2	4	4	11
Depreciation	1	1	1	1	1	2
Profit before Tax	1	1	9	20	38	41
Tax %	28.88%	27.58%	24.24%	31.72%	25.89%	26.15%
Net Profit	1	1	6	13	28	30
EPS	0.76	1.31	8.11	16.32	25.07	13.46
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	3.99%	0.00%

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 47%
3 Years:: 31%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 118%
3 Years:: 67%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -63%

RETURN ON EQUITY

10 Years:: —
5 Years:: 36%
3 Years:: 39%
Last Year:: 25%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	5	5	8	8	11	22
Minority Interest	0	0	0	1	1	2
	4	5	9	25	98	116
	14	14	12	55	64	81
Trade Payables	8	32	56	43	121	118
	3	5	6	17	9	136
Total Liabilities	35	61	91	149	303	475
	10	8	8	7	6	24
Capital Work in Progress	0	0	0	0	0	11
	10	11	12	15	23	23
	0	0	0	89	197	323
Cash & Bank	2	1	3	12	10	10
	13	41	69	26	67	85
Total Assets	35	61	91	149	303	475

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	4	-1	13	-35	-47	-78
Cash from Investing	-3	0	-1	-0	-0	-29
Cash from Financing	-2	1	-7	44	45	108
	-0	-1	1	9	-2	0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Sep 2014	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	0.00	71.28	71.28	71.28	71.28
	0.00	1.11	0.03	0.03	0.01
	0.00	4.02	1.82	1.25	1.12
Government	0.00	0.00	0.00	0.00	0.00
	100.00	23.60	26.87	27.44	27.59

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for SAHAJSOLAR

Loading news…

🤖

AI Stock Analyst

Sahaj Solar Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

BHEL

430.60

61.64

149937.65

0.33

376.71

182.70

7697.72

40.29

9.24

6.69

INDOMIM

1018.90

94.43

50382.66

0.58

2401.22

—

12187.42

—

24.48

33.36

THERMAX

3680.25

73.91

43852.50

0.54

21.79

-85.61

2302.73

7.09

15.85

2.98

HONAUT

34514.05

55.37

30515.68

0.32

150.70

20.95

1204.40

1.80

17.04

14.32

JYOTICNC

987.95

69.84

22468.26

0.00

57.14

-19.99

508.47

23.97

21.34

21.40

INOXINDIA

2245.75

80.12

20418.91

0.09

58.07

-4.98

370.79

9.18

33.54

20.46

AZAD

2846.00

132.25

18379.96

0.00

35.16

19.46

172.60

25.90

12.04

37.29

TRITURBINE

569.10

53.80

18091.60

0.75

51.10

-20.65

442.70

19.23

35.95

11.59

TEGA

1731.10

615.52

13005.36

0.12

-108.25

-406.36

1723.44

383.99

8.37

3.27

LLOYDSENGG

82.72

57.36

12830.19

0.30

68.23

-77.28

527.15

142.92

17.99

15.04

KRN

1595.75

107.75

10445.54

0.00

32.90

164.84

252.32

118.87

16.06

19.44

SAHAJSOLAR

93.95

6.98

206.43

0.00

—

21.75

—

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

185

201

330

419

174

177

288

367

Operating Profit

OPM %

4.88%

5.84%

6.11%

12.12%

12.80%

12.35%

Interest

Depreciation

Profit before Tax

Tax %

28.88%

27.58%

24.24%

31.72%

25.89%

26.15%

Net Profit

EPS

0.76

1.31

8.11

16.32

25.07

13.46

Dividend Payout %

0.00%

3.99%

0.00%

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

Minority Interest

116

Trade Payables

121

118

136

Total Liabilities

149

303

475

Capital Work in Progress

197

323

Cash & Bank

Total Assets

149

303

475

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-1

-35

-47

-78

Cash from Investing

-3

-1

-0

-29

Cash from Financing

-2

-7

108

-0

-1

-2

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Sep 2014

Sep 2024

Mar 2025

Sep 2025

Mar 2026

0.00

71.28

0.00

1.11

0.03

0.01

0.00

4.02

1.82

1.25

1.12

Government

0.00

100.00

23.60

26.87

27.44

27.59

Sahaj Solar Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Sahaj Solar Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI