Saatvik Green Energy Limited, one of India’s leading solar energy companies, was once again in the spotlight today. After the announcement that its subsidiary secured a major new order, market attention shifted to this stock. Although the share price remained mostly unchanged, the company’s fundamentals and expanding order book highlight strong underlying momentum.
Stock Performance
With a market cap of about ₹6,458 crore, Saatvik Green Energy’s shares were trading at ₹507 on Wednesday—almost identical to the previous closing price.
The movement was flat for the day, but investors focused on the encouraging update that reinforces the company’s accelerating growth trajectory.
Details of the New Order
The company announced that its subsidiary, Saatvik Solar Industries Private Limited, has received a ₹17.99 crore order from a reputed Independent Power Producer (IPP).
The order involves supplying Solar Photovoltaic (PV) Modules.
Order details:
Client: A well-known Independent Power Producer (name not disclosed)
Order Value: ₹17.99 crore
Order Type: Domestic, repeat contract
Project Deadline: December 2025
A repeat order from the same client indicates trust in Saatvik’s product quality and service delivery.
The company’s current order book has reached 4.05 GW, offering strong revenue visibility for upcoming quarters.
About the Company
Saatvik Green Energy Ltd, formerly Saatvik Green Energy Pvt. Ltd., is headquartered in Gurgaon, Haryana. The company manufactures high-efficiency Solar PV Modules and is part of the rapidly growing Saatvik Group within India’s renewable energy ecosystem.
Core focus areas:
- Delivering sustainable energy solutions
- Domestic manufacturing of high-quality solar modules
- Supporting India’s green energy mission
Saatvik is strengthening India’s solar equipment supply chain and has become an important player in the country’s clean energy transition.
Q1 FY26 Performance
The company’s financials highlight its fast-growing capability.
| Financial Metric | Q1 FY25 | Q1 FY26 | Growth (YoY) |
|---|---|---|---|
| Revenue (₹ Cr) | 246 | 915.7 | +272% |
| EBITDA (₹ Cr) | 40.6 | 181.1 | +346% |
| EBITDA Margin | — | 25.98% | — |
| Profit After Tax (₹ Cr) | 21.25 | 118.8 | +459% |
| ROE | — | 94.1% | — |
| ROCE | — | 52.3% | — |
Revenue and profit have grown multiple times year-on-year.
An EBITDA margin of nearly 26% reflects strong operational efficiency.
IPO Performance
Saatvik Green Energy launched its IPO on 26 September 2025 at an issue price of ₹465 per share. Since listing, the stock has delivered roughly 22% returns, touching a high of ₹567.
This indicates strong investor confidence in India’s rapidly expanding green energy sector.
Conclusion
The new order and a rapidly growing order book signal robust future growth for Saatvik Green Energy.
Exceptional financial performance, high ROE/ROCE, and rising investor trust position the company as a leading player in India’s solar manufacturing industry.
In the coming months, Saatvik could contribute even more significantly to India’s journey toward energy self-reliance.
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