Earnings Call/Transcript
Sahaj Solar Releases H1 FY27 Earnings Call Transcript
Sahaj Solar Limited filed the transcript of its November 5, 2026 earnings call covering unaudited H1 FY27 standalone and consolidated results.
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Consumable Fuels
Coal
174 Cr
High Risk
6.1
8.0
0.1
1.3
207.60
74.00
Sales CAGR
Profit CAGR
ROE
ROCE
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Investor Presentation
Q2 FY27
Investor Presentation
Q3 FY25
Investor Presentation
Q2 FY25
Sahaj Solar Ltd (SAHAJSOLAR) is currently trading at 79.00 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Sahaj Solar Limited is an integrated renewable-energy company manufacturing PV modules, executing solar EPC projects, and supplying solar water-pumping systems. It operates a 100 MW module plant in Gujarat and is extending its platform into battery energy storage, hybrid solar solutions, and international solar opportunities across Mauritius, Zambia, Uganda, and other African markets. First-half FY27 revenue increased 42.36% year-on-year to INR158 crore, while EBITDA rose 37.24% to INR15.22 crore. However, PAT declined to INR4.30 crore from INR5.10 crore because finance costs reached INR7.8 crore, highlighting that rapid project growth has currently placed greater pressure on earnings conversion and balance-sheet efficiency. Cash generation was a major positive development: trade receivables fell by INR92.4 crore, operating cash flow reached INR73.8 crore, and gross debt declined by approximately INR59 crore to INR116.5 crore. Cash increased to INR19.2 crore, while debt-to-equity improved to 0.82x from 1.27x at March 2026. The strategic pivot is toward combining solar with storage rather than remaining concentrated in solar water pumps. Sahaj Solar Limited expects BESS manufacturing to support residential, commercial, industrial, UPS, data-center, and off-grid applications, with management targeting sustainable growth of approximately 35–40% and a potential 3–5 percentage-point margin improvement after normalization. Management expects second-half revenue to be approximately two to three times first-half turnover, consistent with the company’s seasonal execution pattern. The outlook depends on completing the existing INR300 crore order book, improving government receivable collections, converting additional bids, and securing financial closure for prospective Mauritius and Zambia projects.
Over the past 52 weeks, Sahaj Solar Ltd has traded between a low of ₹74.00 and a high of ₹207.60. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Sahaj Solar Ltd has a market capitalization of approximately 173.58. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Sahaj Solar Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 6.06 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 173.58 Cr, Sahaj Solar Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Sahaj Solar Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Sahaj Solar Ltd is 6.06. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
Sahaj Solar plans to build the facility at Dakor, Gujarat. Management disclosed the location and the planned 1.8 GWh capacity during its November 5, 2026 earnings call.
Sahaj Solar said its 750 megawatt UAE solar-module manufacturing project is on hold because of the geopolitical situation in the Middle East. Management said incorporation work and related processes were continuing, but project initiation would depend on regional conditions cooling down.
Sahaj Solar describes its arrangement with IDMC Limited as an exclusive partnership to solarize dairy cold-chain infrastructure in India. The presentation does not disclose the partnership's duration, commercial terms or contracted rollout volume.
Sahaj Solar’s PAT declined to Rs 4 crore from Rs 5 crore because gross margin fell to 18% from 22% and finance costs increased to Rs 8 crore from Rs 4 crore. Revenue increased to Rs 158 crore from Rs 111 crore, but gross profit rose only to Rs 29 crore from Rs 25 crore.
Earnings Call/Transcript
Sahaj Solar Limited filed the transcript of its November 5, 2026 earnings call covering unaudited H1 FY27 standalone and consolidated results.
Financial Results
Sahaj Solar reported 42.36% YoY consolidated revenue growth to ₹158.19 crore in H1 FY27, while PAT declined 15.72% to ₹4.30 crore. Debt fell by about ₹59 crore.
Earnings Call/Transcript
Sahaj Solar Limited shared the audio recording of its earnings conference call on unaudited standalone and consolidated half-year results held on November 5, 2026.
Investor Presentation
Sahaj Solar Limited released its H1 and FY27 investor presentation, highlighting 42.4% year-on-year revenue growth, lower debt and strategic expansion initiatives.
Financial Results
Sahaj Solar approved standalone and consolidated unaudited results for the half year ended September 30, 2026, and approved a Rs. 25 lakh investment in its Mauritius subsidiary.
