Standalone figures · ₹ crore · years without a filed annual are summed from quarters
| ₹ Cr | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 277 | 474 | 334 | 144 | 51 | 35 | 45 | 31 | 27 | 27 | 17 | |
| COGS | -194 | -365 | -254 | -113 | -27 | 27 | 23 | -12 | 13 | 5 | 5 |
| Gross profit | — | — | — | — | — | 8 | 21 | — | 14 | 22 | 12 |
| 417 | 775 | 548 | 249 | 87 | 28 | 24 | 40 | 14 | 18 | 15 | |
| 55 | 64 | 40 | 9 | -8 | -20 | -2 | 4 | -0 | 4 | -4 | |
| OPM % | 19.7% | 13.5% | 12.1% | 6% | -16.3% | -57.7% | -5.3% | 11.4% | -0.2% | 16.4% | -23.6% |
| Depreciation | — | — | 8 | 8 | 8 | 8 | 7 | 7 | 8 | 1 | 0 |
| Interest | 15 | 18 | 17 | 17 | 14 | 16 | 14 | 16 | 10 | 0 | 0 |
| 2 | 5 | 3 | 17 | 4 | 2 | -86 | 1 | 17 | 7 | 9 | |
| Profit before tax | 41 | 48 | 19 | 1 | -26 | -42 | -110 | -19 | -2 | 11 | 5 |
| Tax | 21 | 12 | 1 | -5 | -13 | -12 | -0 | -1 | -31 | 2 | 2 |
| Tax % | 49.6% | 25% | 8% | -460.2% | -49.4% | -27.9% | -0.2% | -7.1% | -1,980.5% | 19.8% | 34.4% |
| 21 | 36 | 17 | 7 | -13 | -30 | -110 | -17 | 29 | 9 | 3 | |
| PAT margin % | 7.5% | 7.7% | 5.1% | 4.6% | -26.2% | -86.7% | -245.6% | -56.6% | 108.3% | 32.9% | 19% |
| EPS (₹) | 1 | 1.8 | 0.9 | 0.3 | -0.7 | -1.5 | -5.5 | -0.9 | 3.7 | 0.8 | 0.2 |
| EPS adjusted (₹) | 0.2 | 0.3 | 0.1 | — | -0.1 | -0.2 | -0.9 | -0.1 | 0.4 | 0.2 | 0.2 |
| 7.2% | 2.7% | 0% | 0% | — | — | — | — | 0% | 0% | — | |
| Annual report | Annual report for Mar 2016 | Annual report for Mar 2017 | Annual report for Mar 2018 | Annual report for Mar 2019 | Annual report for Mar 2020 | Annual report for Mar 2021 | Annual report for Mar 2022 | Annual report for Mar 2023 | Annual report for Mar 2024 | Annual report for Mar 2025 | Annual report for Mar 2026 |
| ₹ Cr | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 11 | 11 | 13 |
| Reserves | 172 | 209 | 179 | 188 | 158 | 48 | — | 79 | 75 | 75 |
| Minority interest | — | — | — | — | — | — | — | — | 0 | — |
| 93 | 107 | 107 | 89 | 111 | 124 | — | 19 | 24 | 24 | |
| 206 | 224 | 223 | 51 | 27 | 115 | — | 3 | 3 | 4 | |
| Total equity & liabilities | 492 | 559 | 529 | 348 | 316 | 307 | — | 111 | 113 | 117 |
| 176 | 170 | 180 | 156 | 149 | 141 | 134 | 29 | 30 | 29 | |
| CWIP | — | — | — | — | — | — | — | — | 0 | 0 |
| Investments | 26 | 28 | 29 | — | 0 | 0 | — | 11 | 13 | 14 |
| 289 | 361 | 320 | 192 | 167 | 166 | — | 70 | 70 | 74 | |
| Total assets | 492 | 559 | 529 | 348 | 316 | 307 | — | 111 | 113 | 117 |
As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.
Latest reported period · 31 Mar 2026 · ₹ crore
| Segment | Revenue | Result | Assets | Liabilities | Capital employed | ROCE % |
|---|---|---|---|---|---|---|
| Solar Power Plant Operation | 17.07 | 2.59 | 32.64 | 2.44 | 30.2 | 8.58 |
| Manufacturing and sale of Solar Power Systems | 5.73 | 2.82 |
| ₹ Cr | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| 104 | -19 | -34 | 43 | 1 | 7 | -0 | 125 | 0 | 4 | |
| -77 | 24 | 22 | 15 | -1 | -1 | -4 | -4 | -7 | -4 | |
| -25 | -5 | 3 | -55 | -1 | -1 | -1 | -121 | 5 | -0 | |
| Net cash flow | 2 | 1 | -9 | 2 | -2 | 5 | -5 | -0 | -1 | 0 |
| Free cash flow | 103 | -21 | -36 | 43 | 1 | 7 | -1 | 125 | -1 | 4 |
| CFO / Operating profit % | 190.1% | -29.7% | -84.7% | — | — | — | -13.4% | — | 2% | — |
| 15.68 |
| 0.02 |
| 15.66 |
| 18.01 |
| Un-allocable Income | 2.94 | 0.2 | 66.2 | 25.62 | 40.58 | 0.49 |
| EV | 0.28 | -0.63 | 2.58 | 0.35 | 2.23 | -28.25 |
₹ crore by fiscal year