Sahaj Solar Peer Comparison

NSE: SAHAJSOLAR

₹80.10

₹0.10 (0.13%)

As on 27-Oct-2026 09:49IST

Market cap

₹176 Cr

Revenue (TTM)

₹419 Cr

P/E Ratio

5.9

P/B Ratio

1.3

Div. Yield

0 %

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	Sahaj Solar	Oriana Power	Alpex Solar	Solarworld Energy Solutions	Solex Energy
Market cap (₹ Cr)	176	2,379	1,764	946	570
Revenue (₹ Cr)	419	1,814	2,346	1,476	1,619
Net Profit (₹ Cr)	30.32	252.04	199.31	117.71	81.80
Net Margin (%)	7.20	13.69	8.46	7.78	5.03
RoE (%)	24.58	39.64	38.80	14.66	36.21
Price to Earnings	5.94	9.43	8.82	8.08	7.14
Price-To-Book	1.27	3.12	3.10	1.10	2.18

Income Statement
Liabilities
Assets
Cashflow
Ratios

Income Statement (₹ Cr)

	Sahaj Solar	Oriana Power	Alpex Solar	Solarworld Energy Solutions	Solex Energy
Operating Revenue	419.19	1,813.67	2,223.27	1,376.16	1,618.06
Total Income	421.08	1,841.02	2,231.76	1,416.07	1,621.86
Total Expenditure	367.41	1,415.12	1,903.50	1,228.14	1,435.14
EBITDA	51.78	398.55	319.77	148.02	182.92
Depreciation	1.51	15.76	24.08	5.24	25.15
EBIT	50.27	382.78	295.70	142.78	157.77
Interest	11.11	63.47	22.89	20.65	30.84
Other Income	1.89	27.34	8.48	39.91	3.80
Exceptional Items	--	--	-0.93	--	0.39
Profit before Tax	41.06	346.66	279.49	161.05	131.12
Provision for Tax	10.73	94.61	77.98	40.58	32.87
Profit after Tax	30.32	252.04	201.51	120.47	98.25

Liabilities (₹ Cr)

	Sahaj Solar	Oriana Power	Alpex Solar	Solarworld Energy Solutions	Solex Energy
Shareholder's Funds	138.14	763.43	561.80	847.80	252.95
Minority Interest	1.83	7.78	0.00	--	3.13
Non-Current Liabilities	47.64	330.77	291.47	60.13	254.11
Current Liabilities	287.73	1,459.40	529.85	774.09	671.17
Total Liabilities	479.29	2,563.27	1,384.04	1,688.00	1,181.36

Assets (₹ Cr)

	Sahaj Solar	Oriana Power	Alpex Solar	Solarworld Energy Solutions	Solex Energy
Non-Current Assets	106.94	522.82	477.06	225.18	354.95
Current Assets	368.40	2,038.57	906.05	1,456.83	826.41
Total Assets	479.29	2,563.27	1,384.04	1,688.00	1,181.36
Total Debt*	175.53	508.55	506.67	254.99	269.21
Net Current Assets	80.67	579.16	376.20	682.74	155.24
Contingent Liabilities	45.46	182.62	83.67	0.77	4.27

Cashflow (₹ Cr)

	Sahaj Solar	Oriana Power	Alpex Solar	Solarworld Energy Solutions	Solex Energy
Cash From Operating Activities	-78.30	337.04	-115.61	-49.51	200.69
Cash Flow from Investing Activities	-29.34	-506.07	-437.24	-476.23	-225.16
Cash from Financing Activities	107.84	185.34	553.26	537.56	88.81
Net Cash Inflow / Outflow	0.19	16.31	0.41	11.83	64.34

Ratios

Profitability Ratios

	Sahaj Solar	Oriana Power	Alpex Solar	Solarworld Energy Solutions	Solex Energy
ROCE (%)	21.75	39.97	44.57	23.81	39.16
ROE (%)	24.58	39.64	54.06	20.85	47.87
ROA (%)	7.79	12.99	21.74	10.59	11.70
EBIT Margin (%)	12.80	23.48	14.76	13.66	11.54
Net Margin (%)	7.20	13.69	9.03	8.51	6.06
Cash Profit Margin (%)	7.59	14.77	10.15	9.14	7.63

Growth Ratios

	Sahaj Solar	Oriana Power	Alpex Solar	Solarworld Energy Solutions	Solex Energy
Revenue Growth (%)	27.11	83.73	184.98	152.61	144.34
EBIT Growth (%)	24.14	73.48	156.15	62.61	134.63
Net Profit Growth (%)	8.26	58.96	141.40	56.36	132.68
EPS Growth (%)	7.37	59.14	131.29	33.75	131.57
Book Value Growth (%)	27.18	49.51	144.52	174.24	60.56

Valuation Ratios

	Sahaj Solar	Oriana Power	Alpex Solar	Solarworld Energy Solutions	Solex Energy
Price / Earnings	6.85	2.49	9.62	10.32	10.37
Price / Book Value	1.47	4.12	3.66	1.47	3.93
Dividend Yield (%)	0.00	0.00	0.00	0.00	0.06
EV/EBITDA	6.85	7.89	7.00	4.93	6.11
Market Cap (₹ Cr)	202.68	3,137.83	1,939.36	1,243.77	995.11

Solvency Ratios

	Sahaj Solar	Oriana Power	Alpex Solar	Solarworld Energy Solutions	Solex Energy
Debt to Equity	1.27	0.67	0.96	0.30	1.06
Short term debt to equity ratio	0.24	0.19	0.44	0.21	0.14
Current Ratio	1.28	1.40	1.71	1.88	1.23
Quick Ratio	1.20	1.37	1.03	1.74	0.80
Interest Coverage	4.70	6.46	13.21	8.80	5.25

Operating Efficiency Ratios

	Sahaj Solar	Oriana Power	Alpex Solar	Solarworld Energy Solutions	Solex Energy
Debtors to sales (%)	76.94	37.00	11.46	25.27	22.04
Asset Turnover	1.08	0.93	2.40	1.21	1.93
Receivable days	226.09	107.20	31.07	65.24	53.14
Inventory Days	20.00	6.40	37.86	14.35	53.01
Payable days	132.49	54.49	28.14	85.36	77.03
Cash Conversion Cycle	113.60	59.11	40.79	-5.78	29.12