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Emmvee Photovoltaic share price

Emmvee Photovoltaic Power Ltd.

NSE: EMMVEE BSE: 544608 SECTOR: Glass  3.13 K   0   1

201.85
-0.75 (-0.37%)
BSE: 09 Dec 04:01 PM

Price Summary

Today's High

₹ 205.65

Today's Low

₹ 194.45

52 Week High

₹ 248.35

52 Week Low

₹ 197.4

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationAttractive
The stock is considerably attractive based on intrinsic value.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

13974.98 Cr.

Enterprise Value

14100.65 Cr.

No. of Shares

69.23 Cr.

P/E

86.3

P/B

5.18

Face Value

₹ 2

Div. Yield

0 %

Book Value (TTM)

₹  38.98

CASH

38.53 Cr.

DEBT

164.2 Cr.

Promoter Holding

80.03 %

EPS (TTM)

₹  2.34

Sales Growth

43.2%

ROE

44.66 %

ROCE

40.03%

Profit Growth

72.96 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year43.2%
3 Year51.39%
5 YearNA

Profit Growth

1 Year72.96%
3 Year166.67%
5 YearNA

ROE%

1 Year44.66%
3 Year31.31%

ROCE %

1 Year40.03%
3 Year26.98%

Debt/Equity

0.3704

Price to Cash Flow

39.78

Interest Cover Ratio

9.3983

CFO/PAT (5 Yr. Avg.)

0

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Nov 2025 80.03 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 166.665219069354% for the Past 3 years.
  • The company has shown a good revenue growth of 51.3874957345838% for the Past 3 years.
  • The company has significantly decreased its debt by 194.5676 Cr.
  • Company has been maintaining healthy ROE of 31.3059333333333% over the past 3 years.
  • Company has been maintaining healthy ROCE of 26.9824% over the past 3 years.
  • Company has a healthy Interest coverage ratio of 9.3983.
  • The company has an efficient Cash Conversion Cycle of 33.6413 days.
  • The company has a high promoter holding of 80.03%.

 Limitations

  • The company has a low EBITDA margin of 0% over the past 5 years.
  • The company is trading at a high EV/EBITDA of 48.3733.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2025
Net Sales 276.66
Total Expenditure 255.59
Operating Profit 21.07
Other Income 17.88
Interest 3.33
Depreciation 6.06
Exceptional Items 0
Profit Before Tax 29.55
Tax 7.54
Profit After Tax 22.01
Adjusted EPS (Rs) 0.37

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 508.27 705.38 1231.51 1763.48
Total Expenditure 446.48 635.58 1065.51 1502.68
Operating Profit 61.79 69.8 165.99 260.81
Other Income 11.57 18.7 29.06 30.24
Interest 31.67 25.53 31.29 26.58
Depreciation 26.37 35.61 37.82 41.24
Exceptional Items 0 0 0 0
Profit Before Tax 15.33 27.35 125.94 223.22
Tax 6.79 4.7 32.33 61.3
Net Profit 8.54 22.65 93.62 161.92
Adjusted EPS (Rs.) 0.14 0.38 1.58 2.73

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 10.79 10.79 10.79 10.79
Total Reserves 173.35 196 271.16 432.48
Borrowings 166.73 167.19 95.67 44.48
Other N/C liabilities 19 24.92 22.88 14.25
Current liabilities 249.11 212.41 686.62 569.71
Total Liabilities 618.98 611.31 1087.12 1071.72
Assets
Net Block 216.3 220.61 197.61 139.14
Capital WIP 14.5 0.41 1.85 0
Intangible WIP 0 0 0 0
Investments 3.3 3.31 53.29 116.29
Loans & Advances 91.5 159.68 311.18 394.31
Other N/C Assets 0 0 3.6 0.79
Current Assets 293.38 227.3 519.6 421.2
Total Assets 618.98 611.31 1087.12 1071.72
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations 15.33 27.35 125.94 223.22
Adjustment 41.47 32.85 72.29 74.28
Changes in Assets & Liabilities 58.33 -26.77 25.26 116.72
Tax Paid -0.08 -0.75 -14.81 -62.91
Operating Cash Flow 115.05 32.68 208.68 351.31
Investing Cash Flow -42.89 -13.4 -256.2 -94.78
Financing Cash Flow -36.64 -55.64 47.11 -223.38
Net Cash Flow 35.53 -36.37 -0.41 33.15

Corporate Actions

Investors Details

PARTICULARS Nov 2025%
promoters 80.03
manjunatha donthi venkata... 38.46
shubha manjunatha donthi 38.46
suhas donthi manjunatha 1.56
sumanth manjunatha donthi... 1.56
PARTICULARS Nov 2025%
investors 19.97
bnp paribas financial mar... 1.44
icici prudential energy o... 2.12
kotak mahindra trustee co... 1.46
sbi life insurance co. lt... 1.36

Annual Reports

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Ratings & Research Reports

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Emmvee Photovoltaic Stock Price Analysis and Quick Research Report. Is Emmvee Photovoltaic an attractive stock to invest in?

Stock investing requires careful analysis of financial data to determine a company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement, which can be time-consuming and cumbersome.

Examining a company's financial ratios is an easier way to determine its performance, which can help to make sense of the overwhelming amount of information in its financial statements. 

Here are a few indispensable ratios that should be a part of every investor’s research process, or, in simpler words, how to analyse Emmvee Photovoltaic. 

  • PE ratio: Price to Earnings ratio, which indicates how much an investor is willing to pay for a share for every rupee of earnings. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Emmvee Photovoltaic has a PE ratio of 86.2322558577048 which is high and comparatively overvalued.

  • Return on Assets (ROA): Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Emmvee Photovoltaic has ROA of 15.001% which is a good sign for future performance. (Higher values are always desirable.)

  • Current ratio: The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Emmvee Photovoltaic has a Current ratio of 0.7393.

  • Return on equity: ROE measures the ability of a firm to generate profits from its shareholders' investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Emmvee Photovoltaic has a ROE of 44.655%. (Higher is better)

  • Debt to equity ratio: It is a good metric to check out the capital structure along with its performance. Emmvee Photovoltaic has a Debt to Equity ratio of 0.3704 which means that the company has low proportion of debt in its capital.

  • Sales growth: Emmvee Photovoltaic has reported revenue growth of 43.1971% which is fair in relation to its growth and performance. 

  • Operating Margin: This will tell you about the operational efficiency of the company. The operating margin of Emmvee Photovoltaic for the current financial year is 14.7892702230112%.

  • Dividend Yield: It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Emmvee Photovoltaic is Rs 0 and the yield is 0%.

  • Earnings Per Share: It tells us how much profit is allocated to to each outstanding share of a common stock. The latest EPS of Emmvee Photovoltaic is Rs 2.3388. The higher the EPS, the better it is for investors. 

One can find all the Financial Ratios of Emmvee Photovoltaic in Ticker for free. Also, one can get the intrinsic value of Emmvee Photovoltaic by using Valuation Calculators, which are available with a Finology ONE subscription. 

Emmvee Photovoltaic FAQs

Q1. What is Emmvee Photovoltaic share price today?
Ans: The current share price of Emmvee Photovoltaic is Rs 201.68.

Q2. What is the market capitalisation of Emmvee Photovoltaic?
Ans: Emmvee Photovoltaic has a market capitalisation of Rs 13963.214625544 Cr., calculated based on its latest share price.

Q3. What are the P/E and P/B ratios of Emmvee Photovoltaic?
Ans: The PE ratio of Emmvee Photovoltaic is 86.2322558577048 and the P/B ratio of Emmvee Photovoltaic is 5.17328504113131, showing how the stock is valued against its earnings and book value.

Q4. What is the 52-week high and low of Emmvee Photovoltaic share?
Ans: The 52-week high share price of Emmvee Photovoltaic is Rs 248.4, and the 52-week low share price of Emmvee Photovoltaic is Rs 197.4.

Q5. Does Emmvee Photovoltaic pay dividends?
Ans: Currently, Emmvee Photovoltaic does not pay dividends. Dividend yield of Emmvee Photovoltaic is around 0%.

Q6. What are the face value and book value of Emmvee Photovoltaic shares?
Ans: The face value of Emmvee Photovoltaic shares is Rs 2, while the book value per share of Emmvee Photovoltaic is around Rs 38.9849. Face value is the nominal value set by the company, whereas book value reflects its accounting worth.

Q7. What is the debt of Emmvee Photovoltaic?
Ans: Emmvee Photovoltaic has a total debt of Rs 164.1961 Cr., which affects investor sentiment and financial stability. 

Q8. What are the ROE and ROCE of Emmvee Photovoltaic?
Ans: The ROE of Emmvee Photovoltaic is 44.655% and ROCE of Emmvee Photovoltaic is 40.0266%. ROE shows how efficiently the company is generating profit from shareholders’ equity, while the ROCE is reflects how efficiently the company uses its capital to generate returns.

Q9. Is Emmvee Photovoltaic a good buy for the long term?
Ans: The Emmvee Photovoltaic long-term outlook depends on debt levels, earnings growth, and sector trends. If it sustains profits and manages debt well, it may be considered for long-term investment.

Q10. Is Emmvee Photovoltaic undervalued or overvalued?
Ans: Based on valuation ratios like P/E, P/B, and EV/EBITDA, one can analyse whether the Emmvee Photovoltaic appears undervalued or overvalued at current levels. You can check detailed valuation metrics and peer comparisons on Finology Ticker.

Q11. How to check Emmvee Photovoltaic’s financials?
Ans: You can review Emmvee Photovoltaic’s financial statements - including balance sheet, income statement, and quarterly results - on Finology Ticker.

Last Updated on:
Brief about Emmvee Photovoltaic

Emmvee Photovoltaic Share Price, Business Overview & News

Emmvee Photovoltaic Power, one of India's largest and most technologically advanced solar PV module and cell manufacturers, made its debut on the stock exchanges on November 18, 2025. The Bengaluru-based company is a fully integrated manufacturer with a strong reputation for quality and innovation in the rapidly growing renewable energy sector.

Business Overview

Founded in 2007, Emmvee Photovoltaic Power is a key player in the solar energy industry, utilising advanced technologies to serve a global customer base.

  • Integrated Manufacturing: The company is a fully integrated manufacturer, producing both solar cells and modules. This vertical integration allows for greater control over the supply chain and product quality. As of June 2025, the company had a solar PV module production capacity of 7.80 GW and a solar cell capacity of 2.94 GW.

  • Advanced Technology: Emmvee utilizes advanced TOPCon (Tunnel Oxide Passivated Contact) technology in its manufacturing process, which enhances the efficiency of its solar cells and modules.

  • Strong Financial Growth: The company has demonstrated robust financial performance, with its profit soaring nearly 13-fold to Rs 369 crore in fiscal year 2025. Revenue from operations also saw a significant surge, growing 145% to Rs 2,335.6 crore in the same period.

  • Ambitious Expansion Plans: The company is in the process of a major capacity expansion, with plans to increase its solar PV module production capacity to 16.30 GW and its solar cell capacity to 8.94 GW by the first half of fiscal year 2028.

Major News & Developments

Emmvee Photovoltaic Power has been in the news for its recent IPO and its growth strategies. Key news and developments revolve around:

  • Stock Market Debut: Emmvee's Rs 2,900 crore IPO, which ran from November 11 to November 13, 2025, received a modest response from investors, with an overall subscription of 1.02 times. The company made a flat debut on the stock market on November 18, 2025, listing at its issue price of Rs 217 on both the BSE and NSE.

  • Use of IPO Proceeds: The IPO was a combination of a fresh issue of shares and an Offer for Sale (OFS). The company raised Rs 2,143.9 crore through the fresh issue, which will be primarily used for debt reduction and other corporate needs.

  • Financial Performance and Analyst Outlook: The market is closely watching the company's financial performance post-listing. Analysts have pointed to its strong growth and integrated manufacturing capabilities as key positives. The stock is being evaluated on metrics such as its Price-to-Earnings (P/E) ratio, which was around 20 post-IPO.

What You Can Find on This Company Page

This page is your complete resource for all information related to Emmvee Photovoltaic Power Ltd. Here’s what you can access:

  • Live Emmvee Photovoltaic Share Price: Track real-time price movements and analyse historical performance since its recent listing.

  • In-Depth Financial Analysis: Access detailed financial statements, key ratios, and peer comparisons.

  • Shareholding Pattern: Get a clear picture of the company's ownership structure.

  • Latest News and Corporate Actions: Stay informed about the latest company announcements, analyst ratings, dividend declarations, and other market-moving news.

  • Company Overview and Business Strategy: A detailed look at the company's integrated manufacturing model, its advanced technology, and its strategic plans for future growth.

Frequently Asked Questions (FAQs)

Q1: What is the main business of Emmvee Photovoltaic Power?
Emmvee Photovoltaic Power is an integrated manufacturer of solar PV modules and cells, utilising advanced TOPCon technology to produce high-efficiency solar products.

Q2: When did Emmvee Photovoltaic Power's IPO take place?
The IPO was open for subscription from November 11 to November 13, 2025, and the company's shares were listed on the stock exchanges on November 18, 2025.

Q3: How was the market response to the Emmvee Photovoltaic IPO?
The IPO received a modest response, with an overall subscription of 1.02 times. The stock made a flat debut, listing at its issue price of Rs 217.

Q4: How will the funds raised from the IPO be used?
The majority of the proceeds from the fresh issue will be used to repay the company's existing debt, with the remainder allocated for general corporate purposes

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