# Saatvik Green Energy share price today (Saatvik Green Energy Ltd, NSE: SAATVIKGL)

> Saatvik Green Energy share price today: ₹357.75 at the NSE close on 3 November 2026, down 31.8% in a year. Saatvik Green Energy (NSE: SAATVIKGL) is worth ₹4,553 crore, trades at a P/E of 18.4 and has closed between ₹333.65 and ₹490.25 over the past 52 weeks. > Saatvik Green Energy Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. SAATVIKGL · Electric Equipment - General · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/saatvik-green-energy-ltd

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## Key numbers

- Price: ₹357.75 (−31.8% in a year)
- P/E: 18.4× (higher than 72% of the last 1 year)
- Revenue (Jun 2026): ₹511 Cr (−44.2% on a year ago)
- Profit (Jun 2026): ₹5.4 Cr (−95.5% on a year ago)
- Operating margin: 6.6% (−12.7 points on a year ago)
- ROCE: 33%, FY26
- ROIC: 13.8%, against a 12.0% cost of capital: +1.8 points
- Profit that came in as cash: 9%, last 3 years

The main question: yearly earnings per share moved +45.0% while the share price moved −31.8%. ## What is the Saatvik Green Energy share price today? Saatvik Green Energy Ltd's share price was ₹357.75 at the close on 3 November 2026. It has been falling for 8 weeks. That is 15.2% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹334 and ₹490, and at that close it sat 15% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 16 weeks running. Over the last 1 year the share price moved −19% while the NIFTY 500 moved −5%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 17 July 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Saatvik Green Energy this quarter? Three changes stood out: revenue fell in the June 2026 quarter, indian funds and insurers (DIIs) raised their stake for 4 quarters in a row and lowest operating margin in 10 quarters. 1. Revenue fell in the June 2026 quarter Revenue was ₹511 crore, -44.2% on a year earlier (₹916 crore), after 4 quarters of growth. Why: The company accepted fewer orders to protect profit rather than chase sales. Next results: check whether deliveries pick up and match the stated schedules. From the earnings call on 14 Aug 2026. 2. Indian funds and insurers (DIIs) raised their stake for 4 quarters in a row From 8.1% to 11.1% of the company by the September 2026 quarter. 3. Lowest operating margin in 10 quarters Operating margin was 6.6% in the June 2026 quarter, against 19.3% a year earlier. Why: Margins fell mainly because sales volume dropped. Next results: check whether margins stay under pressure before cell production helps in the second half. From the earnings call on 14 Aug 2026. ## What are Saatvik Green Energy's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Saatvik Green Energy reported revenue of ₹511 crore, down 44.2% from ₹916 crore a year earlier, and a profit of ₹5.36 crore, down 95.5% from ₹119 crore. ### Saatvik Green Energy results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹511 crore | ₹916 crore | −44.2% |
| Profit | ₹5.36 crore | ₹119 crore | −95.5% |
| Earnings per share | ₹0.43 | ₹10.60 | −95.9% |
| Operating margin | 6.6% | 19.3% | −12.7 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Saatvik Green Energy's management discussed these results on a call held on 14 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Saatvik Green Energy share price history? Saatvik Green Energy closed at ₹357.75 on 3 November 2026, down 31.8% from ₹524.45 a year earlier (31 October 2025). Its highest weekly close since September 2025 was ₹534.25 on 10 October 2025. ### Saatvik Green Energy share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹352.05 | +1.6% |
| 1 month ago · 1 Oct 2026 | ₹405.55 | −11.8% |
| 6 months ago · 30 Apr 2026 | ₹460.10 | −22.2% |
| 1 year ago · 31 Oct 2025 | ₹524.45 | −31.8% |
| Earliest weekly close in our records · 26 Sep 2025 | ₹440.70 | −18.8% |
| Highest weekly close since September 2025 · 10 Oct 2025 | ₹534.25 | −33.0% |
| Lowest weekly close since September 2025 · 30 Oct 2026 | ₹343.40 | +4.2% |
| 52-week high (weekly close) · 7 Nov 2025 | ₹490.25 | −27.0% |
| 52-week low (weekly close) · 9 Mar 2026 | ₹333.65 | +7.2% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (65 weekly closes from 26 September 2025 to 3 November 2026.)

## What is the latest news on Saatvik Green Energy? 3 Nov 2026: Saatvik Green Energy closed at ₹357.75, up 1.6% on the week and down 11.8% on the month. 14 Aug 2026: Saatvik Green Energy held its results call for April to June 2026. Management guided: Odisha Phase 1 includes 2.4GW of cells and 4GW of modules; ramp-up planned by end-August or early September 2026, with ALMM inspection planned in September 2026. ### Earlier

- Results for April to June 2026: Revenue down 44.2% and profit down 95.5% on a year earlier. ## What dividend does Saatvik Green Energy pay? Saatvik Green Energy has paid no dividend on the NSE since its first NSE close in our records (26 September 2025), the start of the period we checked. No. Saatvik Green Energy Ltd paid out 0% of its profit as dividends in each of its last 4 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Saatvik Green Energy management say on the latest results call? On the call for April to June 2026, held on 14 August 2026, Saatvik Green Energy's management guided: Odisha Phase 1 includes 2.4GW of cells and 4GW of modules; ramp-up planned by end-August or early September 2026, with ALMM inspection planned in September 2026. > “Our objective is not to pursue volumes at any cost but to build a sustainable business with healthy economics and long-term value creation.”
> Nilesh Gupta, Chairman and MD, on the call for April to June 2026

### What management guided

- Cell production expected to contribute H2FY27 revenue; full ramp within three months and about 80% utilization by January to March 2027; Q2 volumes may rise but margins remain pressured before a qualitative high-double-digit operating profit/profit uplift. - FY27 sales guidance is 3.5-4GW, revenue around ₹6,000 crore, operating margin around 12% and profit margin 6-7%. - Phase 2 adds 3.6GW of cells, taking total cell capacity to 6GW; site work by end-July to September 2026 and Q&A readiness by July to September 2027 versus the opening timeline of end-FY28; Phase 3 goals 6GW of ingot/wafer capacity by FY29. - Phase 1 and Phase 2 capital spending totals about ₹3,500 crore (₹1,850 crore and ₹1,600-1,700 crore); ₹1,000 crore incurred to date, D/E 1.0, debt about ₹1,250 crore and peak net debt ₹2,200-2,400 crore. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/58575/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 14 August 2026.)

## What is Saatvik Green Energy's order book? Confirmed order book 5.89 GW (~₹8,000 crore) with 18-month execution horizon; 65% utility customers with cost escalation, 35% C&I mostly fixed-price. - Order book 5.05 GW (~₹6,500 crore) with 6-12 month visibility; 1 GW executed in Q3 while adding new orders. ✓ fact

(Our read after the latest results, written 14 June 2026.)

## What could change the Saatvik Green Energy story? What are the risks? Silver at 25% of module cost vs historical 15% creates 200-400 basis points annual margin drag on 35% of book. ### The main risks

- Silver/commodity price exposure, structural, not one-quarter: Silver at 25% of module cost vs historical 15% creates 200-400 basis points annual margin drag on 35% of book. ✓ fact
- Management guidance credibility, 3 documented retroactive misses: 3 retroactive guidance failures limit confidence in H2 FY27 margin recovery narrative. ✓ fact
- ₹3,500 crore capital spending execution, D/E to 1.0-1.5x from 0.69: ₹3,500 crore FY27-28 capital spending funded by debt will raise interest burden by ₹150-200 Cr/year by FY28. ✓ fact
- Technology obsolescence, Mono PERC to N-TOPCon transition: Technology transition requires disciplined capital spending timing, G12 R cell line must certify before large utility entrants by October to December 2026. ✓ fact

(Our read after the latest results, written 14 June 2026.)

## What to watch in Saatvik Green Energy's next results? When Saatvik Green Energy reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Odisha cell line to reach production ramp-up and clear ALMM inspection; check approval, commercial output and first cell contribution. - What to check (from the call)
- Odisha cell line to reach production ramp-up and clear ALMM inspection; check approval, commercial output and first cell contribution. - Odisha module line to complete testing and stabilization; check production conversion, utilization and realized margin. - Order book execution to accelerate from Q2; check deliveries, DCR sourcing and customer mix against stated schedules. - Q2 margins to remain exposed to commodity, freight and FX volatility; check whether cell-led improvement appears in H2. ## Which stock lists is Saatvik Green Energy on? Saatvik Green Energy is on 2 of our India lists: 52 week high & low and Power & green energy stocks. - [52 week high & low 52-week position: Near 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Power & green energy stocks Group on the list: Solar and wind equipment makers](https://www.sectoralpha.in/sectors/power-stocks-india)

## Is Saatvik Green Energy profitable? Saatvik Green Energy Ltd earned ₹5.4 Cr of net profit in the Jun 2026 quarter, −95.5% on the same quarter a year earlier. Full-year FY26 profit was ₹357 Cr. Over 3 years profit has grown 314.9% a year on average. That is 1.0% of the quarter's revenue. The same quarter a year earlier earned ₹119 Cr. For the full year, FY26 profit was ₹357 Cr (+64.5% on the year before). Why profit moved: revenue changed −44.2% on a year earlier and the margin moved −12.7 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed +11.1% and revenue +58.7%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Saatvik Green Energy make, and is it growing? Saatvik Green Energy Ltd reported ₹511 Cr of revenue in the Jun 2026 quarter, −44.2% on the same quarter a year earlier. Over 3 years it has grown 95.5% a year on average. The last full year, FY26, came in at ₹4,548 Cr. The last four reported quarters add to ₹4,144 Cr. Why this happened. ALMM2 implementation from April 2026 and ALMM3 from June 2028 require 3 manufacturers with 15 GW cumulative Indian capacity. India at ~200 GW installed solar vs 500 GW 2030 goal. PM Surya Ghar and PM-KUSUM programs drive retail segment demand (Saatvik's primary near-term cell market). 44.6 GW FY26 additions pace to reach 55-60 GW FY27 per management. FY26 revenue was ₹4,548 Cr, +110.8% on the year before. Recent pace: the last four quarters grew +58.7% on average, against 95.5% a year over the longer run, so this year is growing slower than its own long-run rate. ## How much of every ₹100 of sales does Saatvik Green Energy keep? Saatvik Green Energy Ltd's operating margin was 6.6% in the Jun 2026 quarter, 12.7 percentage points lower than the same quarter a year ago. Across 4 years it has been between 2.5% and 15.0%. The latest quarter is within that range. Why this happened. Phase 1 (2.4 GW) cell line equipment install begins July 2026, production planned H2 FY27. Management guided 3-4% EBITDA uplift on produced cell volumes, at FY26 revenue run-rate of Rs 4,548 Cr, 3% EBITDA on cell revenues would add Rs 50-80 Cr PAT annually assuming 20%+ PAT margin on the incremental EBITDA. DCR policy mandates Indian cell+module from June 2026, creating a premium price realization for ALMM-eligible output. Phase 2 (3.6 GW) brings total to 6 GW by June-July 2027. Why the margin moved: operating margin changed −12.7 percentage points on the year while gross margin changed −7.9 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Saatvik Green Energy's profit turning into cash? Over the last 3 years, 9% of Saatvik Green Energy Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 its operations used ₹27.0 Cr of cash, against ₹357 Cr of profit. After ₹577 Cr of spending on assets, free cash was −₹604 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 9% of profit came in as cash: the cash cycle got 13 days longer between FY23 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page. What to look at next: less of the profit turns into cash than it should, and the cash cycle is 13 days longer. The next section looks at where the cash is stuck. ## Where does Saatvik Green Energy's cash go? Saatvik Green Energy Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 69 days in FY26, up from 56 days in FY23. It spent ₹891 Cr on assets over the last 3 years. Customers take 56 days to pay, and stock sits for 72 days on average. Why this happened. Odisha 4 GW module plant equipment move-in June 2026, adding to 4.8 GW Ambala base for total 8.8 GW module capacity. Order book 5.89 GW (~Rs 8,000 Cr) covers 18 months of execution at current rates. Revenue doubled to Rs 4,548 Cr on 3,138 MW sales in FY26; at 6,000+ MW FY27 run-rate with sustained 12%+ OPM, PAT could reach Rs 500-600 Cr. At FY26 sales of ₹4,548 Cr, each day of that cycle ties up about ₹12.5 Cr, so roughly ₹860 Cr is tied up in the business at any time. FY26: customers took 56 days to pay and stock sat for 72 days, about 2.4 months of sales sitting as stock, for a full cycle of 69 days, longer than FY23's 56. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 72 days. Customers pay about 56 days after that. Suppliers are paid at 60 days. Together that makes the 69-day cycle. Spending on assets: ₹891 Cr over the last 3 years, against ₹106 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹384 Cr (FY26): assets paid for that are not earning yet. In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit. ## What is Saatvik Green Energy's P/E ratio, and how does it compare with its own history? Saatvik Green Energy Ltd's P/E is 18.4×, near the high end of its own history: higher than 72% of past readings. Its usual P/E (the middle reading) is 15.6×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +45.0% while the price moved −31.8%. Earnings did better than the price, which pulled the multiple down within its own range. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Saatvik Green Energy business getting better or worse? Saatvik Green Energy Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 7 quarters of 1 measure, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## What is the Saatvik Green Energy story, and has it been checked? Saatvik Green Energy Ltd's story is not scored yet against the checks our research set on 14 June 2026. Where it sits in its own cycle: Not stated in the research file. Still open: Silver at 25% of module cost vs historical 15% creates 200-400 bps annual margin drag on 35% of book. What is proven. See the research file

What is not proven yet. Silver at 25% of module cost vs historical 15% creates 200-400 bps annual margin drag on 35% of book. The test written in advance. Measured by: the thesis as written as stated. What the surface reading misses. The surface reading is: Revenue doubled twice in two years, rapid growth inflection The research reads it further: Growth is capacity-driven (utilization 84% vs 40% industry average) and order-book-backed (5.89 GW confirmed). Not base-effect, base was Rs 1,088 Cr FY24 which was already 79% above FY23. What the surface reading misses. The surface reading is: OPM at 0th percentile of own history, distressed margin The research reads it further: Margin collapse is externally-driven (commodity + forex) and contract-mechanics-trapped, not structurally broken. GPM 15.55% in Q4 vs OPM 6.7% means gross margin is above OPM by 890 bps, gross profit is there, operating cost absorption is the drag. Order book 5.89 GW with ongoing additions signals demand strength; the margin issue is pass-through timing, not competitive. Sources: our stock research file (14 June 2026) · quarterly results through Jun 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did Saatvik Green Energy management deliver what it promised? What Saatvik Green Energy Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. Phase 2 Completion Timeline Delayed · 14 August 2026. In May 2026, management said the 3.6 gigawatt Phase 2 cell project would be up and running around June-July 2027. In August 2026, the stated completion goal moved to the end of FY28, representing a material delay of roughly one year without an explanation in the latest call. Order Book Pass-Through Exposure Recharacterized · 14 August 2026. The May 2026 call characterized most of the large utility order book as pass-through, which supported a relatively protected margin outlook. The August 2026 call instead stated that only 30-40% of utility orders are variable-price and that the remainder is fixed-price, materially increasing the apparent exposure to input-cost volatility without explaining the change in contract mix or classification. Odisha Module Plant Commissioning Delay · 21 May 2026. In the Feb 2026 call, management stated that the 4 GW module plant commissioning will happen in March 2026, enabling commercial production and revenue generation by mid-Q1 FY27. However, in the May 2026 call, they revealed that module equipment move-in will only begin in June 2026, showing a clear project delay from the previously stated timeline.\nPrior Call (Feb 2026): So the module plant commissioning will happen in the last around March of '26. ... So we should start revenues in the first quarter, around mid of the first quarter of next financial year.\nLatest Call (May 2026): Module equipment move-in will start from June and cell equipment move-in will start from July. Retrospective Alteration of EBITDA Guidance · 5 February 2026. In the latest call, management claimed they had previously guided for a 13% EBITDA margin as a "realistic expectation" to justify the drop to 13.11%. This directly contradicts the November 2025 call, where they explicitly guided for margins to remain in the 16.5% range, similar to the prior year. Earlier call (Nov 2025): “Last year EBITDA was around 16.5% overall in the year. And we expect that this year also will be in the similar range.” Later call (Feb 2026): “We have previously guided that a 13% EBITDA is a realistic expectation. For the full year, we are currently at 16%.”

Every quote above is taken word for word from the company’s own earnings calls. ## How much does Saatvik Green Energy earn on its capital? Saatvik Green Energy Ltd earned a ROCE of 33% in FY26. Its return on capital used (ROIC) is 1.8 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 7.8% net margin and 1.46× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 7.8% net margin × 1.46× asset turnover × 2.29× leverage (assets divided by equity) ≈ 26.1% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 13.8% − 12.0% = +1.8 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. The 13.8% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 28.8%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Saatvik Green Energy have too much debt? Saatvik Green Energy Ltd has total debt of ₹939 Cr against shareholder equity of ₹1,361 Cr as of Jun 2026, so its debt is 0.69× its equity. Year by year, that ratio went from 2.31 in FY24 to 0.69 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Saatvik Green Energy shareholding pattern? Domestic institutions raised their stake in Saatvik Green Energy Ltd by 3.1 percentage points over 4 quarters, the biggest change among its owners. Domestic institutions now own 11.1% of the company. Foreign institutions moved −0.3 points over the same period, to 0.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +3.1 points over 4 quarters, to 11.1%; Foreign institutions: −0.3 points over 4 quarters, to 0.1%; Promoters: +0.0 points over 4 quarters, to 76.0%. Why the owners changed: domestic institutions drove it (+3.1 points). They raised their stake step by step. ## How far is Saatvik Green Energy from balance-sheet trouble? For Saatvik Green Energy Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Saatvik Green Energy rank in its industry? 40.5 out of 100, rank 8 of 14 in Electric Equipment - General, with 83% of the evidence available. Saatvik Green Energy Ltd scores 40.5 out of 100 against the 14 companies it is compared with in Electric Equipment - General, ranking 8. The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. The four parts add up to the total exactly: 9.3 + 12.7 + 15 + 3.5 = 40.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Saatvik Green Energy compared with? Saatvik Green Energy ranks 8 of 14 Electric Equipment - General companies on the 4-Factor Sector Score, with 40.5 out of 100. 1. [Emmvee Photovoltaic Power Ltd](https://www.sectoralpha.in/stocks/emmvee-photovoltaic-power-ltd) EMMVEE · quiet · Most evidence points up · 73% evidence 73.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.8/43.75 · Revenue 60.2% · Profit 93.7% · Operating margin change 0 points · 100% evidence Capital efficiency 25.9/31.25 · ROCE 44.6% · Operating margin 35% · 100% evidence Valuation 20.3/25 · P/E 11.2× · PEG 0.68 · 65% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 26.8 + 25.9 + 20.3 = 73 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. 2. [Fujiyama Power Systems Ltd](https://www.sectoralpha.in/stocks/fujiyama-power-systems-ltd) UTLSOLAR · losing its lead · Most evidence points up · 69% evidence 66.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.4/43.75 · Revenue 95% · Profit 62.4% · Operating margin change 1 points · 88% evidence Capital efficiency 20.3/31.25 · ROCE 35.1% · Operating margin 19% · 100% evidence Valuation 19.2/25 · P/E 26.8× · PEG 0.56 · 65% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 27.4 + 20.3 + 19.2 = 66.9 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. 3. [Hindusthan Insulators & Industries Ltd](https://www.sectoralpha.in/stocks/hindusthan-insulators-industries-ltd) leader · Evidence leans up · 72% evidence 63.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.9/35 · Revenue 72% · Profit 100% · Operating margin change 34 points · 71% evidence Capital efficiency 8.2/25 · ROCE 10.6% · Operating margin 44% · 95% evidence Valuation 10.8/20 · P/E 12.7× · PEG n/a · 15% evidence Relative strength 20.0/20 · Lead over its industry 97.4% · Lead over NIFTY 500 144% · 1 year 432.9% · 100% evidence · 12 of 12 weeks ahead Exact sum: 24.9 + 8.2 + 10.8 + 20 = 63.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Yash Highvoltage Ltd](https://www.sectoralpha.in/stocks/yash-highvoltage-ltd) leader · Too little evidence to rank firmly · 56% evidence 62.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.4/35 · Revenue n/a · Profit n/a · Operating margin change 7 points · 26% evidence Capital efficiency 16.1/25 · ROCE 28.6% · Operating margin 28% · 95% evidence Valuation 8.7/20 · P/E 58.7× · PEG n/a · 15% evidence Relative strength 18.1/20 · Lead over its industry 38.3% · Lead over NIFTY 500 79.6% · 1 year 137.6% · 100% evidence · 12 of 12 weeks ahead Exact sum: 19.4 + 16.1 + 8.7 + 18.1 = 62.3 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 5. [Parth Electricals & Engineering Ltd](https://www.sectoralpha.in/stocks/parth-electricals-engineering-ltd) PARTH · leader · Too little evidence to rank firmly · 52% evidence 47.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.1/35 · Revenue n/a · Profit n/a · Operating margin change -1 points · 27% evidence Capital efficiency 10.4/25 · ROCE 21% · Operating margin 11% · 100% evidence Valuation 9.4/20 · P/E 38.2× · PEG n/a · 15% evidence Relative strength 12.3/20 · Lead over its industry 3.6% · Lead over NIFTY 500 36.3% · 1 year 76.6% · 70% evidence · 12 of 12 weeks ahead Exact sum: 15.1 + 10.4 + 9.4 + 12.3 = 47.2 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 6. [ABB India Ltd](https://www.sectoralpha.in/stocks/abb-india-ltd) ABB · losing its lead · Evidence leans down · 71% evidence 45.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.8/35 · Revenue 10.2% · Profit 66.5% · Operating margin change -1 points · 62% evidence Capital efficiency 14.2/25 · ROCE 29.9% · Operating margin 13% · 76% evidence Valuation 9.2/20 · P/E 88.2× · PEG n/a · 50% evidence Relative strength 4.6/20 · Lead over its industry -24.8% · Lead over NIFTY 500 4.8% · 1 year 22.9% · 100% evidence · 5 of 12 weeks ahead Exact sum: 17.8 + 14.2 + 9.2 + 4.6 = 45.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Vidya Wires Ltd](https://www.sectoralpha.in/stocks/vidya-wires-ltd) VIDYAWIRES · quiet · Too little evidence to rank firmly · 59% evidence 44.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.8/43.75 · Revenue 31.6% · Profit 40.9% · Operating margin change -0.5 points · 88% evidence Capital efficiency 11.9/31.25 · ROCE 20.6% · Operating margin 4% · 100% evidence Valuation 12.7/25 · P/E 27.6× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 19.8 + 11.9 + 12.7 = 44.4 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 8. Saatvik Green Energy Ltd this page SAATVIKGL · quiet · Evidence leans down · 83% evidence 40.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.3/35 · Revenue 46.5% · Profit -21.9% · Operating margin change -12.7 points · 88% evidence Capital efficiency 12.7/25 · ROCE 33% · Operating margin 6.6% · 100% evidence Valuation 15.0/20 · P/E 17.6× · PEG 0.84 · 65% evidence Relative strength 3.5/20 · Lead over its industry -39.8% · Lead over NIFTY 500 -13.8% · 1 year -34.5% · 70% evidence · 0 of 12 weeks ahead Exact sum: 9.3 + 12.7 + 15 + 3.5 = 40.5 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 9. [Indosolar Ltd](https://www.sectoralpha.in/stocks/indosolar-ltd) WAAREEINDO · basing · Evidence leans down · 68% evidence 36.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 0.8/35 · Revenue -26.8% · Profit -41.4% · Operating margin change -25.4 points · 100% evidence Capital efficiency 16.3/25 · ROCE 124% · Operating margin 9.5% · 100% evidence Valuation 11.5/20 · P/E 6.4× · PEG n/a · 15% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -47.2% · 1 year -68.6% · 25% evidence · 0 of 12 weeks ahead Exact sum: 0.8 + 16.3 + 11.5 + 7.5 = 36.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Vivid Electromech Ltd](https://www.sectoralpha.in/stocks/vivid-electromech-ltd) VIVIDEL · losing its lead · Too little evidence to rank firmly · 43% evidence 59.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.6/43.75 · Revenue n/a · Profit n/a · Operating margin change 1 points · 45% evidence Capital efficiency 21.7/31.25 · ROCE 58.9% · Operating margin 20% · 95% evidence Valuation 12.3/25 · P/E 28.6× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 25.6 + 21.7 + 12.3 = 59.6 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 11. [Cospower Engineering Ltd](https://www.sectoralpha.in/stocks/cospower-engineering-ltd) Too little evidence to rank firmly · 28% evidence 55.8 out of 100 Growth Capital Valuation Relative
12. [GP Eco Solutions India Ltd](https://www.sectoralpha.in/stocks/gp-eco-solutions-india-ltd) GPECO · quiet · Too little evidence to rank firmly · 32% evidence 55.3 out of 100 Growth Capital Valuation Relative
13. [Indo SMC Ltd](https://www.sectoralpha.in/stocks/indo-smc-ltd) losing its lead · Too little evidence to rank firmly · 28% evidence 50.5 out of 100 Growth Capital Valuation Relative
14. [Saakshi Medtech & Panels Ltd](https://www.sectoralpha.in/stocks/saakshi-medtech-panels-ltd) SAAKSHI · breaking out · Too little evidence to rank firmly · 39% evidence 50.4 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Electric Equipment - General](https://www.sectoralpha.in/sectors/electric-equipment-general), all 14 compared on one page. ## Which companies are close to Saatvik Green Energy in size? Saatvik Green Energy is the 4th largest of 14 Electric Equipment - General companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: ABB India, Emmvee Photovoltaic Power and Fujiyama Power Systems. Just below it: Yash Highvoltage, Vidya Wires and Hindusthan Insulators & Industries. ### Electric Equipment - General companies close in size

1. [ABB India Ltd](https://www.sectoralpha.in/stocks/abb-india-ltd) ₹1,35,897 crore
2. [Emmvee Photovoltaic Power Ltd](https://www.sectoralpha.in/stocks/emmvee-photovoltaic-power-ltd) ₹15,855 crore
3. [Fujiyama Power Systems Ltd](https://www.sectoralpha.in/stocks/fujiyama-power-systems-ltd) ₹11,223 crore
4. Saatvik Green Energy Ltd ₹4,365 crore
5. [Yash Highvoltage Ltd](https://www.sectoralpha.in/stocks/yash-highvoltage-ltd) ₹3,612 crore
6. [Vidya Wires Ltd](https://www.sectoralpha.in/stocks/vidya-wires-ltd) ₹1,729 crore
7. [Hindusthan Insulators & Industries Ltd](https://www.sectoralpha.in/stocks/hindusthan-insulators-industries-ltd) ₹1,626 crore

[All 14 Electric Equipment - General companies, largest first](https://www.sectoralpha.in/sectors/electric-equipment-general#all-companies)

### Companies close in size in other industries

1. [63 Moons Technologies Ltd](https://www.sectoralpha.in/stocks/63-moons-technologies-ltd) ₹4,372 crore · IT - Software
2. [Dhanuka Agritech Ltd](https://www.sectoralpha.in/stocks/dhanuka-agritech-ltd) ₹4,369 crore · Pesticides/Agrochemicals
3. Saatvik Green Energy Ltd ₹4,365 crore
4. [Juniper Hotels Ltd](https://www.sectoralpha.in/stocks/juniper-hotels-ltd) ₹4,364 crore · Hotels
5. [Shakti Pumps (India) Ltd](https://www.sectoralpha.in/stocks/shakti-pumps-indialtd) ₹4,364 crore · Solar Pumps

## What else do people ask about Saatvik Green Energy? ### What is Saatvik Green Energy's share price today? Saatvik Green Energy Ltd's share price is ₹357.75, −31.8% over the past year. The whole company is worth ₹4,553 Cr on the market. In the last 52 weeks it traded between ₹334 to ₹490; today it is 15% of the way up from the low, 15.2% below its 200-day average (as of 3 November 2026). ### What were Saatvik Green Energy's latest quarterly results? Saatvik Green Energy Ltd reported revenue of ₹511 Cr and net profit of ₹5.4 Cr for the Jun 2026 quarter. Revenue fell 44.2% and profit fell 95.5% compared with a year earlier. Earnings per share were ₹0.43. The operating margin was 6.6%, 12.7 percentage points lower than a year earlier (as of 3 November 2026). ### What is Saatvik Green Energy's market cap? Saatvik Green Energy Ltd's market capitalisation is ₹4,553 Cr at a share price of ₹357.75. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Saatvik Green Energy performing? Saatvik Green Energy Ltd's share price has been falling for 8 weeks. In its latest quarter, revenue fell 44.2% and profit fell 95.5% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 16 weeks running (as of 3 November 2026). ### Will Saatvik Green Energy's share price go up? This page does not forecast Saatvik Green Energy Ltd's share price. What it shows instead: the share price is ₹357.75, and it has been falling for 8 weeks. Its P/E of 18.4× is higher than 72% of its own last 1 years (as of 3 November 2026). ### Who owns Saatvik Green Energy? Promoters own 76.0% of Saatvik Green Energy Ltd, foreign institutions 0.1%, domestic institutions 11.1% and the public 12.8% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 3.1 percentage points over 4 quarters (as of 3 November 2026). ### Where is Saatvik Green Energy in its business cycle? Saatvik Green Energy Ltd's FY26 operating margin was 12.0%, against a 4-year range of 2.5% to 15.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 6.6%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Saatvik Green Energy story? The main question: yearly earnings per share moved +45.0% while the share price moved −31.8%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Saatvik Green Energy a stock worth studying right now? What the numbers show: Saatvik Green Energy Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Saatvik Green Energy share price forecast for 2026? What management itself guided: Odisha Phase 1 includes 2.4GW of cells and 4GW of modules; ramp-up planned by end-August or early September 2026, with ALMM inspection planned in September 2026. What would change the story: Silver at 25% of module cost vs historical 15% creates 200-400 basis points annual margin drag on 35% of book. ## Lists

- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Power & green energy stocks: https://www.sectoralpha.in/sectors/power-stocks-india

This is research, not advice. We’re not SEBI-registered.