Sahaj Solar Ltd.

•

sahajsolar.comBSE: -NSE: SAHAJSOLAR

Market Cap₹ 216 Cr.

Current Price

High / Low₹ 265 / 91

Stock P/E8.1

Book Value₹ 60

Price to Book1.54

Dividend Yield0.00 %

ROCE20.0 %

ROE22.6 %

Face Value₹ 10

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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%

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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

Capital GoodsCapital GoodsEngineering - Industrial Equipments

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

S.No.	Name
1.	BHEL	421.50	60.34	146768.97	0.33	376.71	182.70	7697.72	40.29	9.24	6.69
2.	INDOMIM	947.70	87.83	46861.96	0.62	2401.22	—	12187.42	—	24.48	33.36
3.	THERMAX	3623.50	72.77	43176.29	0.55	21.79	-85.61	2302.73	7.09	15.85	2.98
4.	HONAUT	35564.65	57.06	31444.57	0.31	150.70	20.95	1204.40	1.80	17.04	14.32
5.	JYOTICNC	1018.20	71.98	23156.22	0.00	57.14	-19.99	508.47	23.97	23.88	21.40
6.	INOXINDIA	2230.95	79.60	20284.35	0.09	58.07	-4.98	370.79	9.18	33.54	20.46
7.	AZAD	2869.20	133.33	18529.79	0.00	35.16	19.46	172.60	25.90	12.04	37.29
8.	TRITURBINE	569.00	53.79	18088.42	0.75	51.10	-20.65	442.70	19.23	35.95	11.59
9.	LLOYDSENGG	83.06	57.60	12882.93	0.30	68.23	-77.28	527.15	142.92	17.99	15.04
10.	TEGA	1606.65	571.27	12070.39	0.12	-108.25	-406.36	1723.44	383.99	8.37	3.27
11.	KRN	1627.05	109.86	10650.42	0.00	32.90	164.84	252.32	118.87	16.06	19.44
12.	SAHAJSOLAR	98.50	7.32	216.42	0.00	—	—	—	—	21.75	—

Detailed Comparison with:

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

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

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Sahaj Solar Ltd.

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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

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

183

179

307

390

173

157

268

344

Operating Profit

OPM %

9.09%

6.83%

14.08%

6.70%

4.92%

5.74%

12.50%

12.68%

11.81%

Interest

Depreciation

Profit before Tax

Tax %

33.30%

45.50%

43.22%

36.63%

29.81%

27.46%

25.61%

32.12%

25.98%

25.67%

Net Profit

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%

4.26%

0.00%

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

110

Trade Payables

121

124

133

Total Liabilities

143

298

464

Capital Work in Progress

195

318

Cash & Bank

Total Assets

143

298

464

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-1

-0

-1

-32

-52

-75

Cash from Investing

-2

-7

-1

-27

Cash from Financing

-1

-2

-7

103

-1

-0

-1

-2

Mar 2017

Mar 2018

Mar 2019

Mar 2020

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