Emmvee Photovoltaic Power Financials
NSE: EMMVEE | BSE: 544608
₹328.00
As on 18-Sep-2026IST
Market cap
₹22,702 Cr
Revenue (TTM)
₹5,578 Cr
P/E Ratio
17.8
P/B Ratio
5.6
Div. Yield
0.3 %
Income Statement (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Operating Revenue
|
5,577.57
|
5,049.88
|
2,335.61
|
951.94
|
618.13
|
--
|
|||||
|
Total Income
|
5,633.16
|
5,103.39
|
2,361.48
|
971.46
|
644.37
|
--
|
|||||
|
Total Expenditure
|
3,645.59
|
3,315.50
|
1,614.83
|
848.52
|
561.85
|
--
|
|||||
|
EBITDA
|
1,931.98
|
1,734.37
|
720.78
|
103.42
|
56.27
|
--
|
|||||
|
Depreciation
|
307.94
|
295.63
|
155.95
|
41.82
|
42.69
|
--
|
|||||
|
EBIT
|
1,624.05
|
1,438.74
|
564.83
|
61.60
|
13.58
|
--
|
|||||
|
Interest
|
112.63
|
154.66
|
107.88
|
33.51
|
28.16
|
--
|
|||||
|
Other Income
|
55.59
|
53.52
|
25.87
|
19.53
|
26.24
|
--
|
|||||
|
Exceptional Items
|
--
|
--
|
--
|
--
|
--
|
--
|
|||||
|
Profit before Tax
|
1,567.01
|
1,337.60
|
482.82
|
47.62
|
11.67
|
--
|
|||||
|
Provision for Tax
|
292.84
|
256.04
|
113.81
|
18.72
|
2.70
|
--
|
|||||
|
Profit after Tax
|
1,274.17
|
1,081.55
|
369.01
|
28.90
|
8.97
|
--
|
|||||
|
Minority Interest
|
--
|
--
|
--
|
--
|
-0.03
|
--
|
|||||
|
Share of Associate
|
--
|
--
|
--
|
--
|
--
|
--
|
|||||
|
Consolidated Profit
|
1,274.17
|
1,081.55
|
369.01
|
28.90
|
8.94
|
--
|
Liabilities (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Shareholder's Funds
|
3,694.94
|
3,694.94
|
536.80
|
168.76
|
140.50
|
--
|
|||||
|
Minority Interest
|
--
|
--
|
--
|
--
|
--
|
--
|
|||||
|
Non-Current Liabilities
|
592.88
|
592.88
|
2,027.33
|
1,300.63
|
394.28
|
--
|
|||||
|
Current Liabilities
|
1,484.68
|
1,732.28
|
1,404.50
|
724.11
|
304.11
|
--
|
|||||
|
Total Liabilities
|
5,772.49
|
6,020.09
|
3,968.62
|
2,193.50
|
838.89
|
--
|
Assets (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Non-Current Assets
|
2,494.60
|
2,712.81
|
2,228.94
|
1,182.60
|
521.36
|
--
|
|||||
|
Current Assets
|
3,059.68
|
3,307.28
|
1,739.68
|
1,010.91
|
317.52
|
--
|
|||||
|
Total Assets
|
5,772.49
|
6,020.09
|
3,968.62
|
2,193.50
|
838.89
|
--
|
|||||
|
Total Debt*
|
--
|
177.26
|
1,949.69
|
1,441.30
|
519.62
|
--
|
|||||
|
Net Current Assets
|
1,575.01
|
1,575.01
|
335.19
|
286.79
|
13.42
|
--
|
|||||
|
Contingent Liabilities
|
--
|
24.69
|
19.28
|
23.24
|
20.94
|
--
|
Cashflow (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Cash From Operating Activities
|
--
|
200.14
|
624.90
|
234.46
|
59.48
|
--
|
|||||
|
Cash Flow from Investing Activities
|
--
|
-304.14
|
-985.66
|
-1,000.05
|
-130.68
|
--
|
|||||
|
Cash from Financing Activities
|
--
|
130.35
|
396.99
|
894.45
|
79.83
|
--
|
|||||
|
Net Cash Inflow / Outflow
|
--
|
26.34
|
36.22
|
128.86
|
8.63
|
--
|
Financials Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Adjusted EPS (₹)
|
18.98
|
15.62
|
6.22
|
0.49
|
0.15
|
--
|
|||||
|
Cash EPS (₹)
|
18.40
|
19.89
|
8.84
|
1.19
|
0.87
|
--
|
|||||
|
Adjusted Book Value (₹)
|
58.86
|
53.37
|
9.04
|
2.84
|
2.37
|
--
|
|||||
|
Dividend per Share (₹)
|
0.31
|
1.00
|
--
|
--
|
--
|
--
|
|||||
|
Cash Flow per Share (₹)
|
--
|
2.89
|
115.81
|
217.25
|
55.11
|
--
|
|||||
|
Free Cash Flow per Share (₹)
|
--
|
-10.09
|
-95.99
|
-449.22
|
-357.80
|
--
|
Profitability Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
ROCE (%)
|
--
|
46.94
|
28.84
|
7.15
|
6.03
|
--
|
|||||
|
ROE (%)
|
54.78
|
51.12
|
104.60
|
18.69
|
6.39
|
--
|
|||||
|
ROA (%)
|
44.15
|
21.66
|
11.98
|
1.91
|
1.07
|
--
|
|||||
|
EBIT Margin (%)
|
29.12
|
28.49
|
24.18
|
6.47
|
2.20
|
--
|
|||||
|
Net Margin (%)
|
22.62
|
21.19
|
15.63
|
2.97
|
1.39
|
--
|
|||||
|
Cash Profit Margin (%)
|
--
|
27.27
|
22.48
|
7.43
|
8.36
|
--
|
Growth Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Revenue Growth (%)
|
84.07
|
116.21
|
145.35
|
54.00
|
--
|
--
|
|||||
|
EBIT Growth (%)
|
105.04
|
154.72
|
816.96
|
353.49
|
--
|
--
|
|||||
|
Net Profit Growth (%)
|
140.81
|
193.09
|
1,176.91
|
222.14
|
--
|
--
|
|||||
|
EPS Growth (%)
|
124.80
|
151.27
|
1,176.94
|
223.29
|
--
|
--
|
|||||
|
Book Value Growth (%)
|
--
|
588.33
|
218.08
|
20.12
|
--
|
--
|
Valuation Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Price / Earnings
|
17.82
|
13.87
|
--
|
--
|
--
|
--
|
|||||
|
Price / Book Value
|
5.57
|
4.06
|
--
|
--
|
--
|
--
|
|||||
|
Dividend Yield (%)
|
0.31
|
0.46
|
--
|
--
|
--
|
--
|
|||||
|
EV/EBITDA
|
11.33
|
8.29
|
2.19
|
7.58
|
5.68
|
--
|
|||||
|
Close Price (₹)
|
343.00
|
217.37
|
--
|
--
|
--
|
--
|
|||||
|
High Price (₹)
|
353.95
|
248.40
|
--
|
--
|
--
|
--
|
|||||
|
Low Price (₹)
|
171.50
|
171.50
|
--
|
--
|
--
|
--
|
|||||
|
Market Cap (₹ Cr)
|
22,701.99
|
14,996.12
|
--
|
--
|
--
|
--
|
Solvency Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Debt to Equity
|
0.01
|
0.05
|
3.63
|
8.54
|
3.70
|
--
|
|||||
|
Short term debt to equity ratio
|
--
|
0.02
|
0.13
|
1.30
|
0.76
|
--
|
|||||
|
Current Ratio
|
2.06
|
1.91
|
1.24
|
1.40
|
1.04
|
--
|
|||||
|
Quick Ratio
|
0.91
|
0.92
|
0.70
|
0.97
|
0.58
|
--
|
|||||
|
Interest Coverage
|
14.91
|
9.65
|
5.48
|
2.42
|
1.41
|
--
|
Operating Efficiency Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Debtors to sales (%)
|
12.46
|
13.76
|
8.15
|
10.10
|
11.18
|
--
|
|||||
|
Asset Turnover
|
1.93
|
1.01
|
0.76
|
0.63
|
0.74
|
--
|
|||||
|
Receivable days
|
--
|
31.99
|
22.38
|
31.68
|
40.81
|
--
|
|||||
|
Inventory Days
|
--
|
89.23
|
83.18
|
85.81
|
83.49
|
--
|
|||||
|
Payable days
|
--
|
80.96
|
66.03
|
54.94
|
50.11
|
--
|
|||||
|
Cash Conversion Cycle
|
--
|
40.26
|
39.53
|
62.55
|
74.19
|
--
|