Citizen Solar Limited

BSE: CITIZEN · Other Electrical Equipment · sector

₹151.35BSE close 2026-10-23

Key numbers

Market cap₹144 cr

Price₹151.35

52w high / low₹318 / ₹154

P/E10.2xSector median 20.7x

P/B3.4xSector median 3.4x

Book value₹44.0

Dividend yield2.73%Sector median 0.26%

ROE83.7%Sector median 15.5%

ROCE16.3%Sector median 16.4%

OPM12.7%Sector median 11.7%

Debt / equity2.53xSector median 0.32x

EV/EBITDA10.3xSector median 13.3x

Interest cover23.0x

Current ratio0.86x

Sales growth 3y+407.4%Sector median +17.8%

Profit growth 3y+1,201.1%Sector median +15.2%

PEG0.01x

Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 59 companies in Other Electrical Equipment (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹2 cr vs borrowings ₹106 cr (FY26): borrowings are higher by ₹104 cr.
Operating profit covered interest 23.0x in the last 12 months.
Net loss in 1 of the last 7 quarters.
Other income was 5% of net profit in the last 12 months.
No dividend in the last 5 financial years.
Price ₹151.35 on 2026-10-23: -52.5% from the 52-week high, -1.7% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹305.00 · low ₹24.06

Quarterly results

₹ cr	Jun 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	1	0	1	3	0	110	77
EBITDA	0	-0	0	0	-0	16	8
OPM %	2.2%	-22.0%	2.2%	5.5%	-100.0%	14.2%	11.0%
Other income	0	0	0	0	0	1	0
Net profit	0	0	0	0	-0	14	6
EPS (₹)	0.05	0.00	0.05	0.62	0.17	9.98	4.11
Revenue YoY					-93.3%	+21,854.0%	+5,586.7%
Profit YoY					-400.0%	–	+19,133.3%

Standalone figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	1	2	4	4	311	190
EBITDA	-1	-0	-0	-0	33	24
Net profit	-0	0	0	0	22	19
EPS (₹)	-0.12	0.02	0.01	0.06	15.97	14.88
Revenue growth		+303.4%	+64.7%	+3.3%	+7,577.0%	–
Profit growth		–	0.0%	+200.0%	+73,333.3%	–
Dividend / share (₹)	–	–	–	–	–

Compounded growth	3 years	5 years	Last 12 months
Sales	+407.4%	–	–
Net profit	+1,201.1%	–	–
EPS	+827.7%	–	–
Share price	–	– (2y)	–

Balance sheet

₹ cr	FY25	FY26
Shareholders' equity	5	42
Borrowings	0	106
Cash & equivalents	0	2
Total assets	5	177
Fixed assets	0	42
Capital work in progress	–	79
Investments	0	0
Receivables	0	11
Inventory	0	10
Payables	0	0

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY25	FY26
Cash from operations	0	21
Cash from investing	0	-102
Cash from financing	-0	81
Capex	0	102
Free cash flow	0	-81

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY25	FY26
ROE %	0.7%	52.6%
ROCE %	0.9%	21.9%
Debtor days	0	12
Inventory days	0	14
Payable days	0	0
Cash conversion cycle (days)	0	26
Working capital days	12	-10

Peers in Other Electrical Equipment

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
WAAREEENER	₹66,706 cr	17.5x	4.6x	23.0%	33.2%	20.2%	–	0.08%
APARINDS	₹59,456 cr	50.3x	11.0x	11.6%	32.9%	8.7%	+16.9%	0.35%
PREMIERENE	₹38,159 cr	22.6x	8.8x	46.7%	29.7%	30.0%	–	0.08%
MTARTECH	₹20,247 cr	151.7x	24.6x	17.2%	18.3%	20.7%	+15.2%	–
DIACABS	₹17,127 cr	87.1x	–	–	13.0%	11.7%	–	–
EMMVEE	₹16,647 cr	11.6x	3.8x	53.0%	34.1%	34.7%	–	–
AVALON	₹13,377 cr	100.0x	18.5x	20.0%	21.9%	11.4%	+19.3%	0.00%
UTLSOLAR	₹11,168 cr	36.1x	8.8x	23.1%	25.4%	14.6%	–	–
GENUSPOWER	₹7,216 cr	11.1x	3.2x	31.9%	22.2%	18.8%	+80.5%	0.84%
CITIZEN	₹144 cr	10.2x	3.4x	83.7%	16.3%	12.7%	+407.4%	2.73%

All 59 companies in Other Electrical Equipment →

Documents

Links go to the original files on the exchange website.

About the company


Sector	Industrials
Industry	Other Electrical Equipment
Sub-industry	Other Electrical Equipment
Symbol	CITIZEN
BSE code	538786
ISIN	INE473L01018
Face value	₹10.0
Incorporated	–
Website	–
Plants (India / abroad)	–

Data built 2026-10-24 from BSE company filings (inline XBRL: Integrated Filing - Finance) + BSE results summary for earlier years; price = BSE close 2026-10-23.