Emmvee Photovoltaic PWR L
NSE: EMMVEE · Other Electrical Equipment · sector
₹240.45NSE close 2026-10-26
Key numbers
Market cap₹16,647 cr
Price₹240.45
52w high / low₹372 / ₹172
P/E11.6xSector median 20.7x
P/B3.8xSector median 3.4x
Book value₹63.4
Dividend yield–Sector median 0.26%
ROE53.0%Sector median 15.5%
ROCE34.1%Sector median 16.4%
OPM34.7%Sector median 11.7%
Debt / equity0.21xSector median 0.32x
EV/EBITDA8.2xSector median 13.3x
Interest cover27.0x
Current ratio3.14x
Sales growth 3y–Sector median +17.8%
Profit growth 3y–Sector median +15.2%
PEG–
Last 12 months to Sep 2026, Consolidated. "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 ₹384 cr vs borrowings ₹177 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 27.0x in the last 12 months.
- Other income was 3% of net profit in the last 12 months.
- No dividend in the last 1 financial years.
- Price ₹240.45 on 2026-10-26: -35.3% from the 52-week high, +40.2% 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 ₹351.95 · low ₹184.81
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|
| Revenue | 1,131 | 1,152 | 1,739 | 1,556 | 1,576 |
| EBITDA | 399 | 413 | 571 | 548 | 557 |
| OPM % | 35.3% | 35.9% | 32.8% | 35.2% | 35.3% |
| Other income | 18 | 16 | 5 | 16 | 3 |
| Net profit | 238 | 264 | 392 | 380 | 382 |
| EPS (₹) | 4.01 | 4.11 | 5.67 | 5.49 | 5.52 |
| Revenue YoY | +39.4% | ||||
| Profit YoY | +60.6% |
Consolidated figures where filed. Latest quarter Sep 2026.
Profit & loss (yearly)
| ₹ cr | FY26 | TTM |
|---|---|---|
| Revenue | 5,050 | 6,023 |
| EBITDA | 1,734 | 2,089 |
| Net profit | 1,082 | 1,418 |
| EPS (₹) | 17.17 | 20.79 |
| Dividend / share (₹) | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | – |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | – (2y) | – |
Balance sheet
| ₹ cr | FY26 |
|---|---|
| Shareholders' equity | 3,695 |
| Borrowings | 177 |
| Cash & equivalents | 384 |
| Total assets | 5,772 |
| Fixed assets | 2,632 |
| Capital work in progress | 10 |
| Investments | 27 |
| Receivables | 695 |
| Inventory | 1,711 |
| Payables | 882 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY26 |
|---|---|
| Cash from operations | 200 |
| Cash from investing | -304 |
| Cash from financing | 130 |
| Capex | 653 |
| Free cash flow | -453 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY26 |
|---|---|
| ROE % | 29.3% |
| ROCE % | 38.5% |
| Debtor days | 50 |
| Inventory days | 225 |
| Payable days | 116 |
| Cash conversion cycle (days) | 159 |
| Working capital days | 114 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 80.03% |
| FIIs | 2.19% |
| DIIs | 9.81% |
| of which Mutual funds | 6.24% |
| of which Insurance | 1.56% |
| Government | 0.00% |
| Public (non-institutions) | 7.97% |
| Quarter | Nov 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|
| Promoters % | 80.03% | 80.03% | 80.03% | 80.03% | 80.03% |
| Promoter group | % |
|---|---|
| Shubha Manjunatha Donthi | 38.46% |
| Manjunatha Donthi Venkatarathnaiah | 38.46% |
| Sumanth Manjunatha Donthi | 1.56% |
| Suhas Donthi Manjunatha | 1.56% |
| Shreiya Suhas Donthi | 0.00% |
| Atharva Donthi | 0.00% |
| Eshaani Donthi | 0.00% |
| N Ravishankar | 0.00% |
| N R Nivedita | 0.00% |
| Adithya Nagaraj N R | 0.00% |
| Nagappasetty Ravishankar HUF | 0.00% |
| N Ravishankar HUF | 0.00% |
| Harish Babu K N | 0.00% |
| Saroja Attigupe | 0.00% |
| Prabha Prasad | 0.00% |
| Public holders above 1% | % |
|---|---|
| Franklin India Retirement Fund | 1.27% |
| Kotak Equity Savings Fund | 1.26% |
| ICICI Prudential Mutual Fund - ICICI Prudential NI | 1.24% |
1,70,581 shareholders. Pledged: – of promoter shares.
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% |
| WAAREERTL | ₹6,843 cr | 14.7x | 6.1x | 52.4% | 27.2% | 17.8% | – | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Photovaltics Modules (PV) | ₹5,011 cr | 99.2% | ₹1,430 cr | 28.5% |
| Others | ₹39 cr | 0.8% | ₹6 cr | 14.9% |
| Engineering, Procurement and Construction (EPC) | ₹0 cr | – | ₹0 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-18 | Dividend | Dividend - Re 1 Per Sh |
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 | EMMVEE |
| BSE code | 544608 |
| ISIN | INE1C6T01020 |
| Face value | ₹2.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.