Sahaj Solar Peer Comparison

NSE: SAHAJSOLAR

₹86.55

₹-2.45 (-2.75%)

As on 01-Oct-2026IST

Market cap

₹190 Cr

Revenue (TTM)

₹419 Cr

P/E Ratio

6.4

P/B Ratio

1.4

Div. Yield

0 %

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	Sahaj Solar	Alpex Solar	Solarworld Energy Solutions	Solex Energy	Urja Global
Market cap (₹ Cr)	190	2,103	1,091	724	482
Revenue (₹ Cr)	419	2,346	1,476	1,619	62
Net Profit (₹ Cr)	30.32	199.31	117.71	81.80	1.45
Net Margin (%)	7.20	8.46	7.78	5.03	2.34
RoE (%)	24.58	38.80	14.66	36.21	0.62
Price to Earnings	6.43	10.51	9.32	9.07	440.57
Price-To-Book	1.38	3.70	1.27	2.77	2.69

Income Statement
Liabilities
Assets
Cashflow
Ratios

Income Statement (₹ Cr)

	Sahaj Solar	Alpex Solar	Solarworld Energy Solutions	Solex Energy	Urja Global
Operating Revenue	419.19	2,223.27	1,376.16	1,618.06	66.70
Total Income	421.08	2,231.76	1,416.07	1,621.86	67.59
Total Expenditure	367.41	1,903.50	1,228.14	1,435.14	64.52
EBITDA	51.78	319.77	148.02	182.92	2.18
Depreciation	1.51	24.08	5.24	25.15	0.49
EBIT	50.27	295.70	142.78	157.77	1.69
Interest	11.11	22.89	20.65	30.84	0.60
Other Income	1.89	8.48	39.91	3.80	0.89
Exceptional Items	--	-0.93	--	0.39	--
Profit before Tax	41.06	279.49	161.05	131.12	1.99
Provision for Tax	10.73	77.98	40.58	32.87	0.64
Profit after Tax	30.32	201.51	120.47	98.25	1.35

Liabilities (₹ Cr)

	Sahaj Solar	Alpex Solar	Solarworld Energy Solutions	Solex Energy	Urja Global
Shareholder's Funds	138.14	561.80	847.80	252.95	176.67
Minority Interest	1.83	0.00	--	3.13	14.37
Non-Current Liabilities	47.64	291.47	60.13	254.11	5.75
Current Liabilities	287.73	529.85	774.09	671.17	51.21
Total Liabilities	479.29	1,384.04	1,688.00	1,181.36	248.01

Assets (₹ Cr)

	Sahaj Solar	Alpex Solar	Solarworld Energy Solutions	Solex Energy	Urja Global
Non-Current Assets	106.94	477.06	225.18	354.95	152.78
Current Assets	368.40	906.05	1,456.83	826.41	95.15
Total Assets	479.29	1,384.04	1,688.00	1,181.36	248.01
Total Debt*	175.53	506.67	254.99	269.21	9.23
Net Current Assets	80.67	376.20	682.74	155.24	43.94
Contingent Liabilities	45.46	83.67	0.77	4.27	--

Cashflow (₹ Cr)

	Sahaj Solar	Alpex Solar	Solarworld Energy Solutions	Solex Energy	Urja Global
Cash From Operating Activities	-78.30	-115.61	-49.51	200.69	-26.12
Cash Flow from Investing Activities	-29.34	-437.24	-476.23	-225.16	23.09
Cash from Financing Activities	107.84	553.26	537.56	88.81	0.27
Net Cash Inflow / Outflow	0.19	0.41	11.83	64.34	-2.75

Ratios

Profitability Ratios

	Sahaj Solar	Alpex Solar	Solarworld Energy Solutions	Solex Energy	Urja Global
ROCE (%)	21.75	44.57	23.81	39.16	1.40
ROE (%)	24.58	54.06	20.85	47.87	0.77
ROA (%)	7.79	21.74	10.59	11.70	0.50
EBIT Margin (%)	12.80	14.76	13.66	11.54	4.61
Net Margin (%)	7.20	9.03	8.51	6.06	1.99
Cash Profit Margin (%)	7.59	10.15	9.14	7.63	2.76

Growth Ratios

	Sahaj Solar	Alpex Solar	Solarworld Energy Solutions	Solex Energy	Urja Global
Revenue Growth (%)	27.11	184.98	152.61	144.34	-0.81
EBIT Growth (%)	24.14	156.15	62.61	134.63	1.13
Net Profit Growth (%)	8.26	141.40	56.36	132.68	-2.48
EPS Growth (%)	7.37	131.29	33.75	131.57	5.04
Book Value Growth (%)	27.18	144.52	174.24	60.56	0.76

Valuation Ratios

	Sahaj Solar	Alpex Solar	Solarworld Energy Solutions	Solex Energy	Urja Global
Price / Earnings	6.85	9.62	10.32	10.37	320.80
Price / Book Value	1.47	3.66	1.47	3.93	2.42
Dividend Yield (%)	0.00	0.00	0.00	0.06	0.00
EV/EBITDA	6.85	7.00	4.93	6.11	142.07
Market Cap (₹ Cr)	202.68	1,939.36	1,243.77	995.11	428.19

Solvency Ratios

	Sahaj Solar	Alpex Solar	Solarworld Energy Solutions	Solex Energy	Urja Global
Debt to Equity	1.27	0.96	0.30	1.06	0.05
Short term debt to equity ratio	0.24	0.44	0.21	0.14	0.02
Current Ratio	1.28	1.71	1.88	1.23	1.86
Quick Ratio	1.20	1.03	1.74	0.80	1.07
Interest Coverage	4.70	13.21	8.80	5.25	4.34

Operating Efficiency Ratios

	Sahaj Solar	Alpex Solar	Solarworld Energy Solutions	Solex Energy	Urja Global
Debtors to sales (%)	76.94	11.46	25.27	22.04	24.87
Asset Turnover	1.08	2.40	1.21	1.93	0.25
Receivable days	226.09	31.07	65.24	53.14	107.70
Inventory Days	20.00	37.86	14.35	53.01	221.85
Payable days	132.49	28.14	85.36	77.03	46.81
Cash Conversion Cycle	113.60	40.79	-5.78	29.12	282.73