SOLARWORLDIndustrials

Solarworld Energy Solutions Limited

Civil Construction · ISIN INE0TY101024 · BSE 544532 · NSE EQ · FV ₹5
Last price
₹109
+3.71%today
What this company does

Solarworld Energy Solutions Limited operates in Civil Construction, part of the Industrials sector. It booked ₹168 cr of revenue in its latest quarter (Q1 FY27) and kept 5.6% of sales as profit.

“Solarworld Energy Solutions Limited is a leading solar energy solutions provider specializing in Global economy overview Indian economy overview Engineering, Procurement, and Construction (EPC) The global economy demonstrated resilience India emerged as one of the fastest- services for the solar power projects.”
In the report:
46out of 100
Equitytale Health Score
Mixed

Healthier than 46% of companies in Industrials, on the 5 of 6 measures we could read for it. Each measure is ranked against the 227–284 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
26

At close. Not part of the score.

Profitability & returns34

How much profit it earns on the money it employs

Balance sheet46

How much it owes, and whether earnings cover the interest

Cash quality22

Whether reported profit actually arrives as cash

Valuation56

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 147% vs last year
✓ Promoters hold 66%
✓ No promoter shares pledged
✓ Turns profit into real cash
Watch-outs
! Thin 5.6% net margin
! Profit down 26% vs last year
! Low 4.5% return on equity

What if I invest in SOLARWORLD?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹109▲ +3.71%
latest close · 2026-11-04
52-wk low ₹10274 sessions so far52-wk high ₹205
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio24.8Average
LowAverageHigh
P/B ratio1.12Moderate
Below bookModerateHigh
EV / EBITDA14.3Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity4.5%Weak
WeakFairStrong ▸15%
Return on capital8.2%Fair
WeakFairStrong
Net margin5.6%Decent
ThinDecentStrong
EBITDA margin12.3%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.30Comfortable
LowModerateHigh ▸1
Interest cover3.1×Okay
RiskyOkayStrong ▸5×
Current ratio1.88Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹947 cr
Book value
₹98
EPS
₹1.10
latest quarter
Net debt
₹233 cr
owes more than its cash
Enterprise value
₹1,179 cr
EBITDA
₹83 cr
annualised
EBIT
₹75 cr
annualised
Operating margin
11.1%
Return on assets
2.3%
Earnings yield
4.03%
P/S
1.41
Sales / share
₹77.7
Tax rate
26.4%
Face value
₹5
Shares
8.7 cr
Working capital
₹683 cr
Current assets
₹1,457 cr
Current liabilities
₹774 cr
Delivery %
46.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹100–₹100, midpoint ₹100

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹168 cr
Other Income₹10 cr
Total Income₹178 cr
Cost of Materials₹172 cr
Purchases of Stock-in-Trade₹17.9 L
Inventory Change (±)₹-60 cr
Employee Benefit Expense₹7 cr
Finance Costs₹6 cr
Depreciation & Amortisation₹2 cr
Other Expenses₹39 cr
Total Expenses₹165 cr
Profit before Tax₹13 cr
Tax Expense₹3 cr
Share of JV / Associates₹12.5 L
Net Profit₹9 cr
Net margin on total income5.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹111 cr62.6%
Employee benefit expense₹7 cr4.1%
Finance costs₹6 cr3.4%
Depreciation & amortisation₹2 cr1.1%
Other expenses₹39 cr21.7%
Tax expense₹3 cr1.9%
Profit for the period₹9 cr5.3%
Total income ₹178 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue578 cr592 cr168 cr
Total income588 cr607 cr178 cr
Expenses521 cr543 cr165 cr
Profit before tax67 cr64 cr13 cr
Tax17 cr16 cr3 cr
Net profit (owners' share)49 cr49 cr9 cr
Net margin (owners' share, on revenue)8.5%8.3%5.6%
EPS (₹)5.685.661.10
YoY (latest quarter): total income +121.0% · net profit -26.5%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹1,688 cr
Shareholder equity
₹848 cr
parent shareholders
Total debt
₹255 cr
Cash
₹23 cr
Cash flow · H1 FY26
Operating
₹14 cr
Investing
₹-33 cr
Financing
₹500 cr
Peer comparison
Civil Construction · by market value
CompanyPriceMarket capP/E
Larsen & Toubro Limited₹3,948₹5.43 L cr26.1
Rail Vikas Nigam Limited₹184₹38,414 cr60.6
Kalpataru Projects International Limited₹1,321₹22,570 cr18.2
Cemindia Projects Limited₹1,271₹21,829 cr38.7
NBCC (India) Limited₹75₹20,320 cr33.0
IRB Infrastructure Developers Limited₹16₹19,687 cr16.3
Engineers India Limited₹289₹16,257 cr20.7
Techno Electric & Engineering Company Limited₹850₹9,887 cr26.5
Ircon International Limited₹100₹9,390 cr25.2
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-09-30
No pledge
Promoter
65.9%
FII / Foreign
0.1%
DII / Domestic
7.2%
Retail / others
26.8%
Promoter stake up 0.2% over the last 6 quarters.
Smart-money activity
Bulk / block deals
BoughtJUNOMONETA FINSOL PRIVATE LIMITED · NSE6.41 L @ ₹218.596 Jul 26
SoldJUNOMONETA FINSOL PRIVATE LIMITED · NSE6.40 L @ ₹218.776 Jul 26
SoldNK SECURITIES RESEARCH PRIVATE LIMITED · NSE4.62 L @ ₹209.033 Jul 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 30 Sep 2026
See the official result
1
To receive, consider and adopt: i. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026 together with the reports of the Board of Directors and the Auditors thereon and ii. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026 together with the report of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
1.34 cr votes for, 132 against · 0% of mutual funds and other big investors said no
2
To appoint Mr. Mangal Chand Teltia (DIN: 00002186), Director who retires by rotation in terms of Section 152 of the Companies Act, 2013 and who being eligible offers himself for re-appointment.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
1.33 cr votes for, 132 against · 0% of mutual funds and other big investors said no
3
To consider and ratify the remuneration payable to the Cost Auditors of the Company for the Financial Year 2026-27.
Backed by 100% of shareholders other than promotersneeded 50%
1.34 cr votes for, 132 against · 0% of mutual funds and other big investors said no
4
To approve enhancement of borrowing limits under Section 180(1)(c) of the Companies Act, 2013.
Backed by 100% of shareholders other than promotersneeded 75%
1.34 cr votes for, 174 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 77 named members
owning 65.9% between them · as of 2026-09-30
Pioneer Facor IT Infradevelopers Private Limited32.01%
Kartik Teltia29.68%
Mangal Chand Teltia4.10%
Rishabh Jain0.10%
Aakriti Guptano shares
Aastha Guptano shares
Ajay Guptano shares
Anandi Teltiano shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹440 cr raised in Sep 2025 by selling shares to the public

As of Jun 2026, the company says it has spent 6% of what it set aside, leaving ₹414 cr still to be spent. CRISIL Ratings Limited watches the spending on the exchange’s behalf.

Investment in the Subsidiary, Kartik Solarworld Private Limited for part-financing the establishment of a 1.2 GW solar PV TopCon Cell manufacturing facility in Pandhurana, Madhya Pradesh, India (the Pandhurana Project)
0%
₹0 cr of ₹412 cr
Issue Expenses
92%
₹26 cr of ₹28 cr
₹110 cr raised in Nov 2024 by selling shares to selected investors

As of Jun 2026, the company says it has spent 92% of what it set aside, leaving ₹8 cr still to be spent. CRISIL Ratings Limited watches the spending on the exchange’s behalf.

Investment in the Subsidiary, Kartik Solarworld Private Limited for part-financing the establishment of a 1.2 GW solar PV TopCon Cell manufacturing facility in Pandhurana, Madhya Pradesh, India (the Pandhurana Project)
0%
₹0 cr of ₹8 cr
General Corporate Purposes
100%
₹102 cr of ₹102 cr
Spent by quarter: 89% → 91% → 92% → 92% (to Jun 2026)

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.