Sahaj Solar
- Market cap
- ₹ 170 Cr.
- P/E
- 5.7x
- P/B
- 1.28x
- 52-week range
- 74 – 224.85
- ROE
- 24%
- ROCE
- 22%
- Dividend yield
- 0%
- Debt / equity
- 1.27
- Sector
- Electrical Equipment
- Industry
- Other Electrical Equipment
- Listed on
- NSE SME
About
Sahaj Solar Ltd is an India-based renewable energy solution provider. The Company is engaged in three businesses of photovoltaic (PV) module manufacturing, providing solar pumping systems, and providing engineering, procurement, and construction (EPC) services. It is also engaged in providing solar water pumping systems. Its products include solar panels, solar water pumps, mobile solar trolleys, solar home lights, solar streetlights, and solar off-grid power plants. Its projects are industrial solar rooftop, residential solar rooftop, solar car port, solar micro grid, solar streetlight & high mast, and solar water pumping. It also designs and customizes solar mobile trolleys for use in rural and remote areas as and when required to produce electricity for solar water pumping, for off-grid power and to run other utilities by producing electricity on the move. Its EPC services include design, supply, installation, testing, commissioning and maintaining of all sizes of projects.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Other Electrical Equipment: 83 companies →Sahaj Solar against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)5.7 against a typical 25.4: cheaper than most peers (1st = cheapest).5th of 80
- Sales growth+120% against a typical +32% from a year earlier.10th of 69
- Profit growth+108.3% against a typical +15.9% from a year earlier.15th of 64
- Share price, 3 months−32.9% against a typical −11%.68th of 74
- Size₹ 170.3 Cr. market value against a typical ₹ 553.8 Cr. (1st = largest).50th of 77
Latest announcements
Exchange filings and their impact on the company.
- Sahaj Solar approved a 1.8 GWh battery storage plant at Dakor, a bet more than half its market cap with no revenue for a year.
Sahaj Solar's board on October 19, 2026 approved setting up a new 1.8 GWh Battery Energy Storage System manufacturing facility at Dakor, Gujarat. The investment figure was not disclosed, excluding the already constructed factory premises. It marks Sahaj Solar's entry into battery storage alongside solar, but will mean heavy capex and likely higher debt over the next year before any revenue comes.
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 27 Jul 2026 | Fund Raising/Other business matters | SAHAJSOLAR : 27-Jul-2026: The Company has informed the Exchange that a Board meeting to be held on July 24, 2026 has been re-scheduled. Further, the Company has informed the Exchange that the meeting of the Board of Directors of the Company will be held on July 27, 2026, to consider Fund Raising and other business matters |
| 24 Jul 2026 | Fund Raising/Other business matters | To consider Fund Raising and other business matters |
| 16 May 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2026 and other business matters |
| 11 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 4 Sep 2025 | Fund Raising/Other business matters | Intimation of Board Meeting to be held on Thursday, September 04, 2025 to consider Fund Raising and other business matters |
| 24 Apr 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2025 and other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 61 | 140 | 98 | 232 | 111 | 308 |
| Expenses | 57 | 120 | 90 | 198 | 100 | 267 |
| Operating Profit | 4 | 20 | 8 | 34 | 11 | 41 |
| OPM % | 7% | 14% | 9% | 15% | 10% | 13% |
| Other Income | 0 | 0 | 1 | 0 | 0 | 1 |
| Interest | 1 | 3 | 2 | 2 | 4 | 8 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 3 | 17 | 6 | 32 | 7 | 34 |
| Tax % | 39% | 30% | 22% | 27% | 25% | 26% |
| Net Profit | 2 | 12 | 5 | 23 | 5 | 25 |
| EPS in Rs | 1.17 | 7.03 | 2.14 | 10.38 | 2.33 | 11.12 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 47%
- 3 Years
- 31%
- TTM
- 27%
- 10 Years
- —
- 5 Years
- 111%
- 3 Years
- 67%
- TTM
- 7%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
- 10 Years
- —
- 5 Years
- 32%
- 3 Years
- 32%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Sahaj Solar | ₹ 77.50 | ₹ 170 Cr. | 5.7x | 1.3x | 24% | — |
| Adani Power | ₹ 182.00 | ₹ 70,196 Cr. | 32.2x | 6.4x | 21.2% | 23.9% |
| Power Grid Corporation of India | ₹ 247.20 | ₹ 2,29,911 Cr. | 14.1x | 2.6x | 16.5% | 40% |
| Adani Green Energy | ₹ 1,185.00 | ₹ 1,95,190 Cr. | 129.2x | 12.5x | 10.3% | 12.1% |
| Adani Energy Solutions | ₹ 1,219.85 | ₹ 1,49,972 Cr. | 90.2x | 8.1x | 9.6% | 8.5% |
| Siemens Energy India | ₹ 2,649.00 | ₹ 94,586 Cr. | 109x | 27.5x | 30.2% | 15% |
Management
- Pramit Bharat Brahmbhatt
- Managing Director, Executive Chairman of the Board
- Manan Bharatkumar Brahmbhatt
- Chief Financial Officer
- Poonam Pravinbhai Panchal
- Chief Compliance Officer, Company Secretary
- Kanaksinh Agarsinh Gohil
- Executive Director
- Shradul Hemant Thakore
- Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.