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Saatvik Green Energy Limited (SAATVIKGL) · mywealthgrid

Saatvik Green Energy Limited

NSE:SAATVIKGL BSE:SAATVIKGL

IndustrialsElectrical Equipment

₹405.6

-1.93%1 Oct close

Mkt cap

₹5,155 Cr

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About

Saatvik Green Energy Limited manufactures electrical equipment in India's industrials sector. With a market cap of ₹5,432.25 crores and recent quarterly revenues ranging from ₹333 crores to ₹1,607 crores, it operates across diverse electrical equipment applications. A return on equity of 26.25% reflects capital efficiency, though recent quarterly results show significant operational volatility.

Face value: ₹2

Market cap

₹5,155 Cr

P/E

20.8×

P/B

3.8×

Dividend yield

ROE

26.3%

ROCE

31.1%

Debt / equity

0.65

OPM

11.9%

EPS (TTM)

₹19.5

Book value

₹107.1

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin volatility: OPM has ranged from −2.57% to 14.11% across recent quarters, creating earnings unpredictability and valuation risk
Recent profitability erosion: Jun 2026 showed OPM of −0.83% and Mar 2026 of −2.57%, indicating operational headwinds despite the company's historical margin capability
Valuation premium with earnings uncertainty: PE of 21.9 with highly volatile EPS (₹0.31 to ₹8.41) suggests the market is pricing in growth; verify sustainability of current valuations
Sector cyclicality: Electrical equipment demand correlates with industrial and infrastructure cycles; verify company's exposure to counter-cyclical or defensive segments

Generated analysis · source review pending

Growth drivers

ROE of 26.25% combined with moderate leverage (D/E 0.65) provides capital efficiency to drive growth investment and shareholder returns
Operating margins of 14.11% (Sep 2025) and 12.2% (Dec 2025) are well above recent lows; sustaining these would amplify bottom-line growth from the current ₹333–₹612 crore quarterly revenue range
Electrical equipment sector in India benefits from renewable energy and infrastructure development; verify the company's positioning and market exposure to these growth areas

Generated analysis · source review pending

247 historical price candles were omitted because the exchange source has not been verified.

₹405.6-2.2%1Y

Quick read

rule-based

Pros

+Strong return on equity of 26.3% (3-yr avg)
+High return on capital employed of 31.1%
+High promoter holding of 76% with no pledge

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

42/100

Business quality: 61
Growth: 0
Valuation: 65

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2026
Revenue	4,548
COGS	3,545
Gross profit	1,003
	462
	542
OPM %	11.9%
Depreciation	64
Interest	71
	36
Profit before tax	442
Tax	85
Tax %	19.1%
PAT	357
PAT margin %	7.9%
EPS (₹)	29.8
EPS adjusted (₹)	28.1

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	3	3	22	25
Reserves	17	117	315	1,336
Minority interest	—	0	—	—
	145	263	458	881
	98	304	840	872
Total equity & liabilities	263	688	1,636	3,115
	41	101	259	309
CWIP	0	33	2	384
Investments	0	10	0	0
	222	545	1,375	2,422
Total assets	263	688	1,636	3,115

₹ Cr	Mar 2026
	-27
	-896
	946
Net cash flow	23
Free cash flow	-628
CFO / Operating profit %	-4.9%

Return on equity

7 years: —
5 years: —
3 years: —
Last year: 26%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2026
Margins
Gross margin %	22.1%
EBITDA margin %	11.9%
EBIT margin %	10.5%
PAT margin %	7.9%
Working capital
Receivable days	56
Inventory days	72
Payable days	60
NWC days	69
Leverage
Current ratio	1.43
Debt to EBITDA	1.63
Debt to equity	0.65
Interest coverage	7.2
Asset turnover	1.46
Return ratios
Return on assets %	11.5%
Return on capital employed %	31.1%
Return on equity %	26.2%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	75.99%	75.99%	75.99%	75.99%	75.99%
	0.58%	0.46%	0.25%	0.03%	0.19%
	6.94%	8.05%	9.35%	10.52%	10.97%
Government	0%	0%	0%	0%	0%
	16.49%	15.5%	14.41%	13.46%	12.85%
No. of shareholders	—	1,71,559	83,335	78,073	69,254

Promoter holding up 0 percentage points since Jun 2025.

Mr. Neelesh GargExecutive Director-Chairperson related to Promoter-MD
Mr. Manik GargExecutive Director-MD
Mrs. Manavika GargNon-Executive - Non Independent Director
Mr. Sudhir Kumar BassiNon-Executive - Independent Director
Mr. Narendra MairpadyNon-Executive - Independent Director
Mrs. Ritu LalNon-Executive - Independent Director
Mr. Rishabh MehttaChief Financial Officer
Ms. Jyoti VermaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 3 fund houses

Held by these funds

4.46%

of the company's equity

All mutual funds

10.48%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

7 schemes · 3 fund houses

		Shares
SMALL CAP FUND	Nippon India Mutual Fund	21.12 L	88.29	0.11%	1.662%	-0
POWER & INFRA FUND	Nippon India Mutual Fund	18.38 L	76.82	0.94%	1.446%	+95,604
VALUE FUND	Nippon India Mutual Fund	16.67 L	69.67	0.77%	1.311%	+1.17 L
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	50,498	2.11	0.08%	0.04%	-1,106
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	2,520	0.1	0.22%	0.002%	+297
IB18-Groww Nifty Total Market Index Fund	Groww Mutual Fund	345	0.01	0%	0%	+1
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	57	0	0%	0%	+1

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Offer and rights documents

Saatvik Green Energy Limited — PROSPECTUSListing · 25 Sept 2025

Investor Presentation and earnings call

Aug 2026Transcript AI Summary PPT REC
May 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results14 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

29 announcementsExport CSV

28 Sept 2026, 6:08 pmCompany Update

Intimation Regarding Conversion Of Subsidiary Company From Private Limited To Public Limited Pursuant To Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

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Ratio	Mar 2026
Margins
Gross margin %	22.1%
EBITDA margin %	11.9%
EBIT margin %	10.5%
PAT margin %	7.9%
Working capital
Receivable days	56
Inventory days	72
Payable days	60
NWC days	69
Leverage
Current ratio	1.43
Debt to EBITDA	1.63
Debt to equity	0.65
Interest coverage	7.2
Asset turnover	1.46
Return ratios
Return on assets %	11.5%
Return on capital employed %	31.1%
Return on equity %	26.2%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Apar Industries LimitedAPARINDSAPARINDS	₹70,945 Cr	₹71,785 Cr	₹24,389 Cr	₹2,159 Cr	8.2%	₹1,182 Cr	4.3%	32.6%	19.7%	30
Waaree Energies LimitedWAAREEENERWAAREEENER	₹67,322 Cr	₹69,813 Cr	₹30,043 Cr	₹6,351 Cr	22.3%	₹2,763 Cr	14.6%	39.7%	30.9%	95
Premier Energies LimitedPREMIERENEPREMIERENE	₹39,863 Cr	₹43,480 Cr	₹8,466 Cr	₹2,543 Cr	30.4%	₹1,665 Cr	19.3%	36.3%	42.4%	115
Mtar Technologies LimitedMTARTECHMTARTECH	₹24,015 Cr	₹24,384 Cr	₹1,080 Cr	₹228 Cr	19.5%	₹133 Cr	10.7%	17.2%	12.1%	419
Emmvee Photovoltaic Power LimitedEMMVEEEMMVEE	₹21,177 Cr	₹21,355 Cr	₹5,578 Cr	₹1,932 Cr	34.3%	₹1,274 Cr	21.4%	43.6%	51.1%	159
Diamond Power Infrastructure LimitedDIACABSDIACABS	₹18,182 Cr	₹20,711 Cr	₹2,298 Cr	₹270 Cr	11.7%	₹197 Cr	8.3%	12.4%	—	93
Avalon Technologies LimitedAVALONAVALON	₹15,232 Cr	₹15,415 Cr	₹1,764 Cr	₹201 Cr	10.8%	₹134 Cr	7.1%	23.4%	16.9%	160
Fujiyama Power Systems LimitedUTLSOLARUTLSOLAR	₹12,327 Cr	₹12,788 Cr	₹3,403 Cr	₹639 Cr	18.5%	₹294 Cr	11.5%	29.6%	23.9%	123
Genus Power Infrastructures LimitedGENUSPOWERGENUSPOWER	₹8,518 Cr	₹10,817 Cr	₹5,173 Cr	₹973 Cr	19.2%	₹652 Cr	12.5%	31%	29%	188
Waaree Renewable Technologies LimitedWAAREERTLWAAREERTL	₹8,436 Cr	₹8,517 Cr	₹3,652 Cr	₹697 Cr	19.2%	₹511 Cr	14.4%	84.1%	68.9%	37
Ram Ratna Wires LimitedRAMRATRAMRAT	₹5,752 Cr	₹6,407 Cr	₹6,047 Cr	₹310 Cr	5.1%	₹127 Cr	2.1%	30.4%	20.1%	33
Vikram Solar LimitedVIKRAMSOLRVIKRAMSOLR	₹5,594 Cr	₹5,694 Cr	₹5,232 Cr	₹800 Cr	19.1%	₹357 Cr	9.8%	31.4%	21.3%	11

Date	Category	Subject	Filing
28 Sept 2026, 6:08 pm	Company Update General	Intimation Regarding Conversion Of Subsidiary Company From Private Limited To Public Limited Pursuant To Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015	PDF
16 Sept 2026, 11:21 am	Company Update General	Announcement Under Regulation 30 Of SEBI (LODR) 2015 - Press Release	PDF
15 Sept 2026, 5:31 pm	Company Update Award of Order / Receipt of Order	Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order	PDF
8 Sept 2026, 4:37 pm	Company Update General	Intimation For The Change In Name Of Subsidiary Company	PDF
3 Sept 2026, 4:25 pm	Company Update General	Letter To Shareholders: Web-Link To Annual Report 2026 And Notice Calling For The 11Th Annual General Meeting	PDF
3 Sept 2026, 1:30 pm	Company Update Award of Order / Receipt of Order	Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order	PDF
3 Sept 2026, 1:05 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
2 Sept 2026, 10:29 pm	Others Business Responsibility and Sustainability Reporting (BRSR)	Business Responsibility and Sustainability Reporting (BRSR)	PDF

Saatvik Green Energy Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Offer and rights documents

Investor Presentation and earnings call

Events

Board meetings1

Announcements

Board meetings1

Ratio timeline

Quarterly record

Board and management

Not in the F&O segment

Announcements

Offer and rights documents

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Return on equity

1

1