Emmvee Photovoltaic Power Ltd.

324-0.49%

2026-08-21

emmveepv.comBSE: 544608NSE: EMMVEE
Market Cap₹ 21,944 Cr.
Current Price₹ 326
High / Low₹ 372 / 172
Stock P/E0.0
Book Value₹ 39
Price to Book8.30
Dividend Yield0.32 %
ROCE40.0 %
ROE44.7 %
Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • PV: 90.0% • EPC: 10.0%

PROS

  • Company has a good return on equity (ROE) track record: 3 Years ROE 31.3%
  • Company has a healthy return on capital (ROCE) of 27.0%
  • Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.13x)
  • Company comfortably covers its interest (9.4x coverage)
  • Company generates healthy free cash flow
  • Company maintains a comfortable, low leverage position

CONS

  • Recent results are weak - TTM profit is down 73.6% versus prior year

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

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.ABB7400.0052.48156812.200.533623.00930.0235588.701110.3130.1812.56
2.POWERINDIA33550.000.00149540.280.02294.15123.522493.6974.4628.7314.58
3.SIEMENS3880.1042.19138178.320.46214.31-49.384713.708.4421.429.14
4.CGPOWER862.90108.75135945.590.15308.2815.523280.8113.9927.9412.11
5.ENRIN3483.600.00124058.140.114409.001578.3424856.001292.8140.1923.56
6.GVT&D4119.00564.77105465.570.24362.9924.651836.1438.0475.5125.10
7.HAVELLS1278.0049.1180202.380.78289.71-16.646518.1919.4825.747.15
8.WAAREEENER2688.0020.2677320.680.15891.8715.397931.7979.2234.7118.15
9.APARINDS16607.6558.8669540.110.364674.501677.9865910.601191.3133.4711.50
10.SUZLON46.7820.4564302.090.00305.22-5.893829.0922.8335.7915.55
11.SCHNEIDER1254.750.0030001.580.00124.40201.656513.60947.8331.015.23
12.EMMVEE316.9517.2221943.880.32380.291555.5251.3428.8435.24
Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2024
0
0
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
0
0
Tax %
Net Profit
0
0
Equity Capital
0
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
0
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
356
297
Operating Profit
OPM %
Other Income
7
Interest
5
Depreciation
7
54
Tax %
26.90%
Net Profit
40
1
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
544
533
Operating Profit
OPM %
Other Income
8
Interest
7
Depreciation
15
-3
Tax %
107.35%
Net Profit
0
0
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
445
328
Operating Profit
OPM %
Other Income
12
Interest
3
Depreciation
6
121
Tax %
25.32%
Net Profit
90
2
Equity Capital
119
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
119
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
277
256
Operating Profit
OPM %
Other Income
18
Interest
3
Depreciation
6
30
Tax %
25.52%
Net Profit
22
0
Equity Capital
119
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
119
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
81
88
Operating Profit
OPM %
Other Income
33
Interest
1
Depreciation
6
20
Tax %
29.29%
Net Profit
14
0
Equity Capital
138
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
138
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
271
273
Operating Profit
OPM %
Other Income
49
Interest
1
Depreciation
5
42
Tax %
29.29%
Net Profit
29
0
Equity Capital
138
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
138
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
217
220
Operating Profit
OPM %
Other Income
52
Interest
1
Depreciation
5
49
Tax %
25.31%
Net Profit
37
0
Equity Capital
138
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
138
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022
508
446
Operating Profit
73
OPM %
14
Other Income
12
Interest
32
Depreciation
26
15
Tax %
44
Net Profit
9
EPS
8
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Mar 2023
705
636
Operating Profit
88
OPM %
13
Other Income
19
Interest
26
Depreciation
36
27
Tax %
17
Net Profit
23
EPS
21
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Mar 2024
1,232
1,066
Operating Profit
195
OPM %
16
Other Income
29
Interest
31
Depreciation
38
126
Tax %
26
Net Profit
94
EPS
87
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Mar 2025
1,763
1,503
Operating Profit
291
OPM %
17
Other Income
30
Interest
27
Depreciation
41
223
Tax %
27
Net Profit
162
EPS
30
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
TTM
846
836
Operating Profit
OPM %
Other Income
153
Interest
6
Depreciation
22
141
Tax %
27
Net Profit
102
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
0
Adjusted EPS
Minority Interest
0
Share of Associates
0
Adjusted EPS

COMPOUNDED SALES GROWTH

10 Years:
5 Years:
3 Years:
51%

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
3 Years:
167%

STOCK PRICE CAGR

10 Years:
5 Years:
3 Years:
1 Year:

RETURN ON EQUITY

10 Years:
5 Years:
3 Years:
31%
Last Year:
45%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Corporate actions

2026

Apr 28

₹ 0.50

Rs.1.0000 per share(50%)Final Dividend

Mar 2022
Equity Capital
11
173
103
Trade Payables
37
295
Total Liabilities
619
216
Capital Work in Progress
14
64
111
0
Cash & Bank
59
154
Total Assets
619
Total Debt
269
Net Working Capital
44
Contingent Liabilities
18
Book Value per Share
170.63
Face Value
10.00
Total Debt
269
Net Working Capital
44
Contingent Liabilities
18
Book Value per Share
170.63
Face Value
10.00
Mar 2023
Equity Capital
11
196
70
Trade Payables
62
273
Total Liabilities
611
221
Capital Work in Progress
0
3
132
0
Cash & Bank
14
241
Total Assets
611
Total Debt
237
Net Working Capital
15
Contingent Liabilities
21
Book Value per Share
191.62
Face Value
10.00
Total Debt
237
Net Working Capital
15
Contingent Liabilities
21
Book Value per Share
191.62
Face Value
10.00
Mar 2024
Equity Capital
11
271
219
Trade Payables
158
428
Total Liabilities
1,087
198
Capital Work in Progress
2
53
306
115
Cash & Bank
5
409
Total Assets
1,087
Total Debt
359
Net Working Capital
-167
Contingent Liabilities
23
Book Value per Share
261.26
Face Value
10.00
Total Debt
359
Net Working Capital
-167
Contingent Liabilities
23
Book Value per Share
261.26
Face Value
10.00
Mar 2025
Equity Capital
11
432
68
Trade Payables
110
450
Total Liabilities
1,072
139
Capital Work in Progress
0
116
193
91
Cash & Bank
39
494
Total Assets
1,072
Total Debt
164
Net Working Capital
-149
Contingent Liabilities
19
Book Value per Share
82.15
Face Value
2.00
Total Debt
164
Net Working Capital
-149
Contingent Liabilities
19
Book Value per Share
82.15
Face Value
2.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022
115
Cash from Investing
-43
Cash from Financing
-37
36
Free Cash Flow
115
OCF / Net Profit
13.47
Cumulative 5-Year FCF
0
OCF / Net Profit
13.47
Cumulative 5-Year FCF
0
Mar 2023
33
Cash from Investing
-13
Cash from Financing
-56
-36
Free Cash Flow
7
OCF / Net Profit
1.44
Cumulative 5-Year FCF
0
OCF / Net Profit
1.44
Cumulative 5-Year FCF
0
Mar 2024
209
Cash from Investing
-256
Cash from Financing
47
-0
Free Cash Flow
209
OCF / Net Profit
2.23
Cumulative 5-Year FCF
0
OCF / Net Profit
2.23
Cumulative 5-Year FCF
0
Mar 2025
351
Cash from Investing
-95
Cash from Financing
-223
33
Free Cash Flow
350
OCF / Net Profit
2.17
Cumulative 5-Year FCF
0
OCF / Net Profit
2.17
Cumulative 5-Year FCF
0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022
EPS (₹)
7.91
Book Value (₹)
170.63
Dividend per Share (₹)
0.00
Cash EPS (₹)
0.59
Operating Margin %
14.43%
Net Margin %
1.68%
ROE %
4.64%
ROCE %
10.36%
1.38%
Debtor Days
28
Inventory Days
80
Payable Days
34
74
Debt to Equity (x)
1.46x
Interest Coverage (x)
1.48x
1.18x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
20.99
Book Value (₹)
191.62
Dividend per Share (₹)
0.00
Cash EPS (₹)
0.98
Operating Margin %
12.55%
Net Margin %
3.21%
ROE %
10.95%
ROCE %
11.92%
3.71%
Debtor Days
23
Inventory Days
68
Payable Days
41
50
Debt to Equity (x)
1.15x
Interest Coverage (x)
2.07x
1.07x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
86.75
Book Value (₹)
261.26
Dividend per Share (₹)
0.00
Cash EPS (₹)
2.21
Operating Margin %
13.48%
Net Margin %
7.60%
ROE %
38.31%
ROCE %
29.00%
11.02%
Debtor Days
23
Inventory Days
65
Payable Days
53
35
Debt to Equity (x)
1.27x
Interest Coverage (x)
5.03x
0.76x
Revenue Growth %
74.59%
Operating Profit Growth %
120.42%
Net Profit Growth %
313.31%
313.31%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
1.87x
Mar 2025
EPS (₹)
30.01
Book Value (₹)
82.15
Dividend per Share (₹)
0.00
Cash EPS (₹)
3.42
Operating Margin %
14.79%
Net Margin %
9.18%
ROE %
44.66%
ROCE %
40.03%
15.00%
Debtor Days
21
Inventory Days
52
Payable Days
39
34
Debt to Equity (x)
0.37x
Interest Coverage (x)
9.40x
0.74x
Revenue Growth %
43.20%
Operating Profit Growth %
49.21%
Net Profit Growth %
72.96%
-65.41%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.47x

Shareholding Pattern

Numbers in percentages

TRADES
Nov 2025
80.03
6.17
10.79
Government
0.00
Public
3.00
Dec 2025
80.03
3.97
12.50
Government
0.00
Public
3.43
Mar 2026
80.03
2.45
12.28
Government
0.00
Public
5.23
Jun 2026
80.03
2.92
9.80
Government
0.00
Public
7.25

Documents

Announcements

Annual Reports

Nothing filed yet.

Credit Ratings

  • Credit Rating- Revision

    2026-01-23 - Emmvee Photovoltaic Power Limited has informed the Exchange about the receipt of revised credit rating from credit rating agency i.e., ICRA Limited.

Concalls