Sahaj Solar Ltd.
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ABOUT
AI Sector View
AI GENERATEDCapital Goods
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.
PROS
- Company has a good return on equity (ROE) track record: 3 Years ROE 37.5%
- Company has a healthy return on capital (ROCE) of 30.4%
- Company has delivered good sales growth of 47.8% CAGR over last 5 years
- Operating margins have improved to 11.8% from 6.0%
- Attractively priced for its growth - PEG of 0.1
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 -2.45x)
- Free cash flow has been persistently negative
- Total debt has risen sharply - up 200.2% year on year
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHEL | 421.50 | 60.34 | 146768.97 | 0.33 | 376.71 | 182.70 | 7697.72 | 40.29 | 9.24 | 6.69 |
| INDOMIM | 947.70 | 87.83 | 46861.96 | 0.62 | 2401.22 | — | 12187.42 | — | 24.48 | 33.36 |
| THERMAX | 3623.50 | 72.77 | 43176.29 | 0.55 | 21.79 | -85.61 | 2302.73 | 7.09 | 15.85 | 2.98 |
| HONAUT | 35564.65 | 57.06 | 31444.57 | 0.31 | 150.70 | 20.95 | 1204.40 | 1.80 | 17.04 | 14.32 |
| JYOTICNC | 1018.20 | 71.98 | 23156.22 | 0.00 | 57.14 | -19.99 | 508.47 | 23.97 | 23.88 | 21.40 |
| INOXINDIA | 2230.95 | 79.60 | 20284.35 | 0.09 | 58.07 | -4.98 | 370.79 | 9.18 | 33.54 | 20.46 |
| AZAD | 2869.20 | 133.33 | 18529.79 | 0.00 | 35.16 | 19.46 | 172.60 | 25.90 | 12.04 | 37.29 |
| TRITURBINE | 569.00 | 53.79 | 18088.42 | 0.75 | 51.10 | -20.65 | 442.70 | 19.23 | 35.95 | 11.59 |
| LLOYDSENGG | 83.06 | 57.60 | 12882.93 | 0.30 | 68.23 | -77.28 | 527.15 | 142.92 | 17.99 | 15.04 |
| TEGA | 1606.65 | 571.27 | 12070.39 | 0.12 | -108.25 | -406.36 | 1723.44 | 383.99 | 8.37 | 3.27 |
| KRN | 1627.05 | 109.86 | 10650.42 | 0.00 | 32.90 | 164.84 | 252.32 | 118.87 | 16.06 | 19.44 |
| SAHAJSOLAR | 98.50 | 7.32 | 216.42 | 0.00 | — | — | — | — | 21.75 | — |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
No standalone quarterly results found
We don't have this information yet. Please check back later.
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 23 | 19 | 18 | 32 | 55 | 66 | 183 | 179 | 307 | 390 | |
| 21 | 18 | 16 | 30 | 52 | 62 | 173 | 157 | 268 | 344 | |
| Operating Profit | 2 | 1 | 3 | 2 | 3 | 4 | 11 | 22 | 39 | 46 |
| OPM % | 9.09% | 6.83% | 14.08% | 6.70% | 4.92% | 5.74% | 5.74% | 12.50% | 12.68% | 11.81% |
| 0 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 1 | 2 | |
| Interest | 1 | 0 | 1 | 1 | 1 | 2 | 2 | 4 | 4 | 11 |
| Depreciation | 0 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before Tax | 1 | 0 | 0 | 1 | 1 | 1 | 8 | 18 | 35 | 36 |
| Tax % | 33.30% | 45.50% | 43.22% | 36.63% | 29.81% | 27.46% | 25.61% | 32.12% | 25.98% | 25.67% |
| Net Profit | 1 | 0 | 0 | 0 | 0 | 1 | 6 | 12 | 26 | 27 |
| EPS | 10.21 | 0.48 | 0.38 | 0.75 | 0.59 | 1.30 | 7.42 | 15.20 | 23.49 | 12.17 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.26% | 0.00% |
COMPOUNDED SALES GROWTH
- 10 Years:
- 43%
- 5 Years:
- 48%
- 3 Years:
- 29%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 63%
- 5 Years:
- 125%
- 3 Years:
- 66%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -63%
RETURN ON EQUITY
- 10 Years:
- 24%
- 5 Years:
- 34%
- 3 Years:
- 37%
- Last Year:
- 23%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 5 | 5 | 5 | 5 | 5 | 8 | 8 | 11 | 22 |
| 1 | 2 | 3 | 4 | 4 | 5 | 8 | 23 | 94 | 110 | |
| 2 | 5 | 6 | 15 | 14 | 14 | 10 | 51 | 63 | 75 | |
| Trade Payables | 1 | 3 | 6 | 10 | 7 | 32 | 56 | 43 | 121 | 124 |
| 3 | 2 | 4 | 3 | 2 | 5 | 5 | 18 | 8 | 133 | |
| Total Liabilities | 9 | 17 | 25 | 37 | 32 | 61 | 87 | 143 | 298 | 464 |
| 2 | 10 | 9 | 8 | 8 | 8 | 7 | 6 | 6 | 23 | |
| Capital Work in Progress | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 |
| 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | |
| 4 | 3 | 7 | 16 | 9 | 11 | 10 | 13 | 20 | 21 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 87 | 195 | 318 | |
| Cash & Bank | 0 | 0 | 0 | 0 | 2 | 1 | 2 | 11 | 9 | 10 |
| 1 | 5 | 9 | 13 | 12 | 41 | 67 | 24 | 67 | 83 | |
| Total Assets | 9 | 17 | 25 | 37 | 32 | 61 | 87 | 143 | 298 | 464 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3 | 2 | -1 | -0 | 3 | -1 | 13 | -32 | -52 | -75 | |
| Cash from Investing | -2 | -7 | -1 | -1 | -1 | 0 | -1 | -1 | 0 | -27 |
| Cash from Financing | -1 | 4 | 2 | 1 | -2 | 1 | -7 | 41 | 50 | 103 |
| -1 | 0 | -0 | 0 | -0 | -1 | 1 | 9 | -2 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
No announcements filed.
News
Recent coverage and analyst commentary for SAHAJSOLAR
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