Emmvee Photovoltaic Power Ltd.

NSE: EMMVEE · Capital Goods

₹251.31-0.28%06 Nov 2026

Ask the data

Instant answers about Emmvee Photovoltaic Power Ltd. — computed from its filings, no language model

Market cap₹16,947 cr

Current price₹251.31

High / Low₹365 / ₹173

P/E43.2

P/B3.86

Book value₹65.1

ROE8.9%

ROCE34.1%

Debt / equity0.21

Dividend yield—

EPS (TTM)₹5.82

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY26
Revenue	5,050
EBITDA	1,734
Operating margin	34.3%
Interest	155
Depreciation	296
Profit before tax	1,338
Tax	256
Net profit	1,082
EPS ₹	17.17
Operating cash flow	200
Capex	653
Dividend paid	0
Total assets	5,772
Equity	3,695

Quarterly performance

last 5 quarters · ₹ crore

	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	1,131	1,152	1,739	1,556	1,576
Operating profit	399	413	571	548	557
Operating margin	35.3%	35.9%	32.8%	35.2%	35.3%
Other income	18	16	5	16	3
Interest	55	33	13	11	9
Depreciation	71	74	79	84	85
Profit before tax	292	322	484	470	465
Tax	54	58	92	89	83
Net profit	238	0	392	0	0
EPS ₹	4.01	4.11	5.67	5.49	5.52
Revenue YoY	—	—	—	—	39.4%
Profit YoY	—	—	—	—	-100.0%

Returns & margins

trailing-twelve-month, per quarter

	JUN '26	SEP '26
ROE	17.1%	8.9%
ROCE	43.4%	34.1%
Net margin	11.3%	6.5%
EBITDA margin	34.6%	34.7%
Debt / equity	0.05	0.21
Interest coverage	14.91	27.04
Asset turnover	0.97	0.88

Balance sheet

equity vs borrowings over time · ₹ crore

	SEP '25	MAR '26	SEP '26
Share capital	119	138	138
Other equity / reserves	838	3,556	4,252
Total equity	957	3,695	4,390
Borrowings	1,863	177	911
Current liabilities	1,411	1,485	1,046
Non-current liabilities	2,081	593	1,404
Total assets	4,449	5,772	6,841
Property, plant & equipment	2,179	2,632	2,637
Capital work-in-progress	156	10	213
Investments	150	57	33
Inventories	1,096	1,711	1,884
Receivables	278	695	819
Cash & equivalents	43	243	380

Cash flow

annual · ₹ crore · line = free cash flow

	FY26
Cash from operations	200
Cash from investing	-304
Cash from financing	130
Capex	653
Free cash flow	-453
Dividends paid	0

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹2,637 cr39%

CWIP

₹213 cr3%

Investments

₹33 cr0%

Inventories

₹1,884 cr28%

Receivables

₹819 cr12%

Cash & equivalents

₹380 cr6%

Other assets

₹875 cr13%

Peer comparison

largest in Capital Goods · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Hindustan Aeronautics Ltd.	3,33,052	4,980.00	35.7	8.12	22.7%
Bharat Electronics Ltd.	2,89,468	396.00	45.2	11.02	24.4%
Tata Motors Ltd.	1,56,797	425.50	24.8	10.26	41.3%
Bharat Heavy Electricals Ltd.	1,45,828	418.80	50.7	5.45	10.8%
ABB India Ltd.	1,43,541	6,774.00	55.7	15.37	27.6%
Siemens Ltd.	1,26,736	3,560.00	28.2	8.02	28.4%
Hitachi Energy India Ltd.	1,23,988	27,800.00	107.8	23.95	22.2%
CG Power and Industrial Solutions Ltd.	1,21,786	773.00	89.1	13.94	15.6%
Polycab India Ltd.	1,18,610	7,871.00	37.6	9.06	24.1%
Cummins India Ltd.	1,12,233	4,048.80	49.8	13.52	27.1%
Emmvee Photovoltaic Power Ltd.	16,947	251.31	43.2	3.86	8.9%

StoxGud checklist: Neutral setup · 4/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-17.8%

6 months-5.1%

1 year—

3Y CAGR—

5Y CAGR—

10Y CAGR—

50-day avg₹297.28

200-day avg₹277.67

RSI (14)37

Compare Emmvee Photovoltaic Power Ltd. with

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FAQs

What is the share price of Emmvee Photovoltaic Power Ltd.?

Emmvee Photovoltaic Power Ltd. (EMMVEE) closed at ₹251.31 on NSE on 06 Nov 2026.

What is the market cap of Emmvee Photovoltaic Power Ltd.?

₹16,947 crore at the latest close.

What is the P/E ratio of Emmvee Photovoltaic Power Ltd.?

43.2, on trailing-twelve-month earnings from its filings.

How fast is Emmvee Photovoltaic Power Ltd. growing?

Emmvee Photovoltaic Power Ltd.: Latest-quarter revenue is up 39.4% year on year, profit down 100.0%.

How profitable is Emmvee Photovoltaic Power Ltd.?

On a trailing-twelve-month basis return on equity is 8.9%, return on capital employed 34.1%, operating margin 34.7%, net margin 6.5%.

How much debt does Emmvee Photovoltaic Power Ltd. have?

Emmvee Photovoltaic Power Ltd. is lightly geared: debt to equity is 0.21 with borrowings of ₹911 cr against cash of ₹380 cr (balance sheet of 2026-09-30). Operating profit covers interest 27.0 times.

Financials parsed from Emmvee Photovoltaic Power Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '25, annual from FY26, balance sheet from Sep '25. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.