Emmvee Photovoltaic Power Key Ratios
NSE: EMMVEE | BSE: 544608
₹325.20
As on 04-Sep-2026 15:58IST
Market cap
₹22,508 Cr
Revenue (TTM)
₹5,578 Cr
P/E Ratio
17.7
P/B Ratio
5.5
Div. Yield
0.3 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -10.54 | 51.34 | 84.07 | 51.39 | -- |
| EBIT | -5.64 | 66.44 | 105.04 | 83.69 | -- |
| Net Profit | -3.08 | 102.63 | 140.81 | 166.67 | -- |
| EPS | -3.08 | 73.72 | 124.80 | 166.64 | -- |
| Book Value | -- | -- | 57.22 | 34.02 | -- |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-25 | Mar-24 |
| EBIT-Margin
| -- | -- | 29.12 | 24.18 | 6.47 |
| Net Margin
| -- | -- | 22.62 | 15.63 | 2.97 |
| Return on equity
| -- | -- | 54.78 | 104.60 | 18.69 |
| Return on Capital
| -- | -- | -- | 28.84 | 7.15 |
| Return on Assets
| -- | -- | 44.15 | 11.98 | 1.91 |
| Debt to Equity (x)
| -- | -- | 0.01 | 3.63 | 8.54 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
--
|
28.84
|
7.15
|
6.03
|
--
|
|
Peer Median
|
--
|
4.27
|
8.69
|
9.65
|
--
|
ROE
54.78
Higher than Peers by 34.04
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
54.78
|
104.60
|
18.69
|
6.39
|
--
|
|
Peer Median
|
20.75
|
4.46
|
6.93
|
9.84
|
--
|
ROA
44.15
Higher than Peers by 28.86
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
44.15
|
11.98
|
1.91
|
1.07
|
--
|
|
Peer Median
|
15.29
|
2.23
|
2.81
|
4.84
|
--
|
EBIT Margin
29.12
Higher than Peers by 12.61
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
29.12
|
24.18
|
6.47
|
2.20
|
--
|
|
Peer Median
|
16.51
|
34.67
|
38.48
|
27.74
|
--
|
Net Margin
22.62
Higher than Peers by 8.36
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
22.62
|
15.63
|
2.97
|
1.39
|
--
|
|
Peer Median
|
14.26
|
9.22
|
5.86
|
4.44
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
--
|
22.48
|
7.43
|
8.36
|
--
|
|
Peer Median
|
--
|
0.00
|
--
|
--
|
--
|
Revenue Growth
84.07
Higher than Peers by 28.16
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
84.07
|
145.35
|
54.00
|
--
|
--
|
|
Peer Median
|
55.90
|
1,122.20
|
4.90
|
9.41
|
--
|
EBIT Growth
105.04
Lower than Peers by 0.17
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
105.04
|
816.96
|
353.49
|
--
|
--
|
|
Peer Median
|
105.21
|
321.84
|
1,118.72
|
10.38
|
--
|
Net Profit Growth
140.81
Higher than Peers by 44.94
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
140.81
|
1,176.91
|
222.14
|
--
|
--
|
|
Peer Median
|
95.87
|
200.45
|
97.52
|
128.91
|
--
|
EPS Growth
124.80
Higher than Peers by 19.16
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
124.80
|
1,176.91
|
223.29
|
--
|
--
|
|
Peer Median
|
105.64
|
264.89
|
--
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
--
|
218.08
|
20.12
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.01
Lower than Peers by 0.04
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
0.01
|
3.63
|
8.54
|
3.70
|
--
|
|
Peer Median
|
0.06
|
0.58
|
1.21
|
1.48
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
--
|
0.13
|
1.30
|
0.76
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
2.06
Higher than Peers by 0.29
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
2.06
|
1.24
|
1.40
|
1.04
|
--
|
|
Peer Median
|
1.77
|
1.60
|
1.65
|
1.47
|
--
|
Quick Ratio
0.91
Lower than Peers by 0.44
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
0.91
|
0.70
|
0.97
|
0.58
|
--
|
|
Peer Median
|
1.35
|
7.01
|
11.62
|
1.86
|
--
|
Interest Coverage
14.91
Higher than Peers by 5.06
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
14.91
|
5.48
|
2.42
|
1.41
|
--
|
|
Peer Median
|
9.86
|
1.27
|
2.62
|
3.50
|
--
|
Operating Efficiency
Debtors to sales
12.46
Higher than Peers by 3.60
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
12.46
|
8.15
|
10.10
|
11.18
|
--
|
|
Peer Median
|
8.87
|
24.64
|
48.22
|
27.20
|
--
|
Asset Turnover
1.93
Higher than Peers by 0.82
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
1.93
|
0.76
|
0.63
|
0.74
|
--
|
|
Peer Median
|
1.12
|
0.99
|
0.30
|
0.47
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
--
|
22.38
|
31.68
|
40.81
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
--
|
83.18
|
85.81
|
83.49
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
--
|
66.18
|
54.94
|
50.11
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
--
|
39.38
|
62.55
|
74.19
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
17.67
Lower than Peers by 3.98
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
17.67
|
--
|
--
|
--
|
--
|
|
Peer Median
|
21.65
|
41.83
|
81.94
|
42.37
|
--
|
Price / Book Value
5.52
Higher than Peers by 0.55
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
5.52
|
--
|
--
|
--
|
--
|
|
Peer Median
|
4.97
|
5.60
|
4.27
|
1.82
|
--
|
Dividend Yield
0.31
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
0.31
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
11.24
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
11.24
|
2.19
|
7.58
|
5.68
|
--
|
|
Peer Median
|
--
|
68.21
|
34.54
|
19.10
|
--
|
Market Cap
22,508
Higher than Peers by 19,267
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Emmvee Photovoltaic Power
|
22,508
|
--
|
--
|
--
|
--
|
|
Peer Median
|
3,241
|
2,139
|
1,938
|
371
|
--
|