Emmvee Photovoltaic Power Key Ratios
NSE: EMMVEE | BSE: 544608
₹235.95
As on 23-Oct-2026IST
Market cap
₹16,308 Cr
Revenue (TTM)
₹6,023 Cr
P/E Ratio
11.5
P/B Ratio
3.7
Div. Yield
0.4 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 1.34 | 39.38 | 60.24 | 15.06 | -- |
| EBIT | 1.73 | 43.75 | 68.19 | 46.29 | -- |
| Net Profit | 0.46 | 60.62 | 93.80 | 90.16 | -- |
| EPS | 0.46 | 37.70 | 66.15 | 80.65 | -- |
| Book Value | -- | -- | 418.10 | 123.11 | -- |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 10.94 | -- | 29.35 | 28.49 | 24.18 |
| Net Margin
| 9.86 | -- | 23.39 | 21.19 | 15.63 |
| Return on equity
| 30.98 | -- | 35.09 | 51.12 | 104.60 |
| Return on Capital
| 27.40 | -- | -- | 46.94 | 28.84 |
| Return on Assets
| 11.15 | -- | 25.13 | 21.66 | 11.98 |
| Debt to Equity (x)
| -- | -- | 0.19 | 0.05 | 3.63 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
--
|
46.94
|
28.84
|
7.15
|
6.03
|
|
Peer Median
|
--
|
33.95
|
4.27
|
8.69
|
--
|
ROE
35.09
Higher than Peers by 15.32
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
35.09
|
51.12
|
104.60
|
18.69
|
6.39
|
|
Peer Median
|
19.76
|
30.52
|
4.46
|
6.93
|
--
|
ROA
25.13
Higher than Peers by 10.63
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
25.13
|
21.66
|
11.98
|
1.91
|
1.07
|
|
Peer Median
|
14.50
|
13.92
|
2.23
|
2.81
|
--
|
EBIT Margin
29.35
Higher than Peers by 12.84
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
29.35
|
28.49
|
24.18
|
6.47
|
2.20
|
|
Peer Median
|
16.51
|
19.39
|
34.67
|
38.48
|
--
|
Net Margin
23.39
Higher than Peers by 9.58
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
23.39
|
21.19
|
15.63
|
2.97
|
1.39
|
|
Peer Median
|
13.81
|
10.56
|
9.22
|
5.86
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
--
|
27.27
|
22.48
|
7.43
|
8.36
|
|
Peer Median
|
--
|
--
|
0.00
|
--
|
--
|
Revenue Growth
60.24
Higher than Peers by 2.46
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
60.24
|
116.21
|
145.35
|
54.00
|
--
|
|
Peer Median
|
57.78
|
68.26
|
1,122.20
|
4.90
|
--
|
EBIT Growth
68.19
Lower than Peers by 34.73
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
68.19
|
154.72
|
816.96
|
353.49
|
--
|
|
Peer Median
|
102.92
|
82.18
|
321.84
|
1,118.72
|
--
|
Net Profit Growth
93.80
Higher than Peers by 0.35
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
93.80
|
193.09
|
1,176.91
|
222.14
|
--
|
|
Peer Median
|
93.44
|
68.47
|
200.45
|
97.52
|
--
|
EPS Growth
66.15
Lower than Peers by 28.54
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
66.15
|
151.27
|
1,176.94
|
223.29
|
--
|
|
Peer Median
|
94.68
|
46.04
|
264.89
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
--
|
588.33
|
218.08
|
20.12
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.19
Higher than Peers by 0.14
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
0.19
|
0.05
|
3.63
|
8.54
|
3.70
|
|
Peer Median
|
0.06
|
0.51
|
0.58
|
1.21
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
--
|
0.02
|
0.13
|
1.30
|
0.76
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
3.14
Higher than Peers by 1.36
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
3.14
|
1.91
|
1.24
|
1.40
|
1.04
|
|
Peer Median
|
1.77
|
1.77
|
1.60
|
1.65
|
--
|
Quick Ratio
1.34
No difference
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
1.34
|
0.92
|
0.70
|
0.97
|
0.58
|
|
Peer Median
|
1.34
|
1.40
|
7.01
|
11.62
|
--
|
Interest Coverage
27.04
Higher than Peers by 17.18
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
27.04
|
9.65
|
5.48
|
2.42
|
1.41
|
|
Peer Median
|
9.86
|
8.36
|
1.27
|
2.62
|
--
|
Operating Efficiency
Debtors to sales
13.60
Higher than Peers by 4.41
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
13.60
|
13.76
|
8.15
|
10.10
|
11.18
|
|
Peer Median
|
9.19
|
13.49
|
24.64
|
48.22
|
--
|
Asset Turnover
1.07
No difference
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
1.07
|
1.01
|
0.76
|
0.63
|
0.74
|
|
Peer Median
|
1.07
|
1.75
|
0.99
|
0.30
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
--
|
31.99
|
22.38
|
31.68
|
40.81
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
--
|
89.23
|
83.18
|
85.81
|
83.49
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
--
|
80.96
|
66.03
|
54.94
|
50.11
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
--
|
40.26
|
39.53
|
62.55
|
74.19
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
11.50
Lower than Peers by 6.15
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
11.50
|
13.87
|
--
|
--
|
--
|
|
Peer Median
|
17.65
|
17.87
|
41.83
|
81.94
|
--
|
Price / Book Value
3.71
Lower than Peers by 0.42
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
3.71
|
4.06
|
--
|
--
|
--
|
|
Peer Median
|
4.14
|
3.71
|
5.60
|
4.27
|
--
|
Dividend Yield
0.42
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
0.42
|
0.46
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
7.91
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
7.91
|
8.29
|
2.19
|
7.58
|
5.68
|
|
Peer Median
|
--
|
11.99
|
68.21
|
34.54
|
--
|
Market Cap
16,308
Higher than Peers by 12,841
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
16,308
|
14,996
|
--
|
--
|
--
|
|
Peer Median
|
3,467
|
4,560
|
2,139
|
1,938
|
--
|