Emmvee Photovoltaic

EMMVEE

Q: How strong is Emmvee Photovoltaic balance sheet?

Balance sheet of Emmvee Photovoltaic is strong.But short term working capital might become an issue for this company.

Q: Is the debt of Emmvee Photovoltaic increasing or decreasing?

Yes, The net debt of Emmvee Photovoltaic is increasing.Latest net debt of Emmvee Photovoltaic is ₹1,689 Crs as of Sep-25.This is greater than Mar-25 when it was ₹1,301 Crs.

Q: Is Emmvee Photovoltaic stock expensive?

Emmvee Photovoltaic is not expensive.Latest PE of Emmvee Photovoltaic is 35.06, while 3 year average PE is 38.3. Also latest EV/EBITDA of Emmvee Photovoltaic is 13.21 while 3yr average is 14.25.

Price

Small Cap

₹16,028 Cr.

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Emmvee Photovoltaic Power Ltd, founded in 2007, is India’s second largest integrated solar PV module and cell maker with module and cell capacity. It produces TOPCon and Mono PERC modules, ALMM-liste… More

Emmvee Photovoltaic Power Ltd, founded in 2007, is India’s second largest integrated solar PV modul… More

Low

171

52W Range

High

248

43.43

Sector PE

22.3

P/B

16.75

Div.Yield

ROE

68.74%

EBIDTA

16.0

ROCE

23.04

EPS

3.81

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EMMVEE
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Recent events

News
Corporate Actions

Emmvee Photovoltaic Power Receives Penalty For 53.6 Million Rupees From Commissioner Of Customs, Bengaluru

Mar 17, 2026

Emmvee Photovoltaic Power Clarifies No Impact From Recent U.S. Duty Developments

Feb 25, 2026

Emmvee Photovoltaic Power Ltd Dec-Quarter Consol Net Profit 2.64 Billion Rupees

Jan 15, 2026

India's Emmvee Photovoltaic jumps; Jefferies starts with 'buy'

Jan 06, 2026

India's Emmvee Photovoltaic jumps as second quarter earnings surge

Dec 02, 2025

Events:

Lockin Period Expiry (Anchor)

Date

Feb 11, 2026

Quarterly Results

Announcement Date

Jan 15, 2026

Lockin Period Expiry (Anchor)

Date

Dec 13, 2025

Quarterly Results

Announcement Date

Dec 01, 2025

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What does Emmvee Photovoltaic do?

Emmvee Photovoltaic Power and its subsidiaries (the Group) are primarily engaged in manufacturing and sale of solar cells, photovoltaic modules and photovoltaic systems by using solar cell and PV module manufacturing facilities. The Group also executes grid and off-grid photovoltaic power projects on a turnkey basis and operates solar power plants.

Who are the competitors of Emmvee Photovoltaic?

Emmvee Photovoltaic major competitors are Waaree Energies, Premier Energies, Solex Energy, Saatvik Green Energy, Websol Energy System. Market Cap of Emmvee Photovoltaic is ₹13,404 Crs. While the median market cap of its peers are ₹4,357 Crs.

Is Emmvee Photovoltaic financially stable compared to its competitors?

Emmvee Photovoltaic seems to be less financially stable compared to its competitors. Altman Z score of Emmvee Photovoltaic is 3.67 and is ranked 6 out of its 6 competitors.

Does Emmvee Photovoltaic pay decent dividends?

The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Emmvee Photovoltaic latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

How has Emmvee Photovoltaic allocated its funds?

Companies resources are allocated to majorly productive assets like Plant & Machinery

How strong is Emmvee Photovoltaic balance sheet?

Balance sheet of Emmvee Photovoltaic is strong. But short term working capital might become an issue for this company.

Is the profitablity of Emmvee Photovoltaic improving?

Yes, profit is increasing. The profit of Emmvee Photovoltaic is ₹636 Crs for TTM, ₹369 Crs for Mar 2025 and ₹28.9 Crs for Mar 2024.

Is the debt of Emmvee Photovoltaic increasing or decreasing?

Yes, The net debt of Emmvee Photovoltaic is increasing. Latest net debt of Emmvee Photovoltaic is ₹1,689 Crs as of Sep-25. This is greater than Mar-25 when it was ₹1,301 Crs.

Is Emmvee Photovoltaic stock expensive?

Emmvee Photovoltaic is not expensive. Latest PE of Emmvee Photovoltaic is 35.06, while 3 year average PE is 38.3. Also latest EV/EBITDA of Emmvee Photovoltaic is 13.21 while 3yr average is 14.25.

Has the share price of Emmvee Photovoltaic grown faster than its competition?

There is not enough historical data for the companies share price.

Is the promoter bullish about Emmvee Photovoltaic?

Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Emmvee Photovoltaic is 80.03% and last quarter promoter holding is 80.03%.

Are mutual funds buying/selling Emmvee Photovoltaic?

The mutual fund holding of Emmvee Photovoltaic is increasing. The current mutual fund holding in Emmvee Photovoltaic is 7.5% while previous quarter holding is 6.66%.

EMMVEE

Share Price

Financials

Summary

Profit & Loss

Balance sheet

Cashflow

Revenue mix

Product wise

Location wise

Shareholdings

Peers

Forensics

Recent events

News

Corporate Actions

Emmvee Photovoltaic Power Receives Penalty For 53.6 Million Rupees From Commissioner Of Customs, Bengaluru

Emmvee Photovoltaic Power Clarifies No Impact From Recent U.S. Duty Developments

Emmvee Photovoltaic Power Ltd Dec-Quarter Consol Net Profit 2.64 Billion Rupees

India's Emmvee Photovoltaic jumps; Jefferies starts with 'buy'

India's Emmvee Photovoltaic jumps as second quarter earnings surge

Events:

Lockin Period Expiry (Anchor)

Quarterly Results

Lockin Period Expiry (Anchor)

Quarterly Results

More Small Cap Ideas

Promoter Buying

Capex

Superstar Investor

Popular questions

Business

Financials

Share Price

Shareholdings

What does Emmvee Photovoltaic do?

Who are the competitors of Emmvee Photovoltaic?

Is Emmvee Photovoltaic financially stable compared to its competitors?

Does Emmvee Photovoltaic pay decent dividends?

How has Emmvee Photovoltaic allocated its funds?

How strong is Emmvee Photovoltaic balance sheet?

Is the profitablity of Emmvee Photovoltaic improving?

Is the debt of Emmvee Photovoltaic increasing or decreasing?

Is Emmvee Photovoltaic stock expensive?

Has the share price of Emmvee Photovoltaic grown faster than its competition?

Is the promoter bullish about Emmvee Photovoltaic?

Are mutual funds buying/selling Emmvee Photovoltaic?