Saatvik Green Energy
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
Saatvik Green Energy is strategically positioned to leverage India's burgeoning renewable energy sector, with management emphasizing aggressive capacity expansions and a focus on high-margin products. The company's current initiatives, including the scaling of module and cell capacities and the commissioning of a 2 GW encapsulant facility, are expected to enhance revenue growth and margin stability. Vista's financial outlook reflects a moderate revenue growth trajectory, supported by a robust order book and favorable market conditions, despite anticipated margin pressures. The company's strong capacity utilization and strategic focus on backward integration bolster its competitive position. However, execution risks related to project timelines and potential industry oversupply remain critical watchpoints. Overall, Saatvik's alignment with India's renewable energy investment cycle positions it well for future growth, with a target price of approximately ₹1030 over the next 24 months, reflecting an expected upside of 0.54%. The macro environment remains supportive, with stable inflation and favorable liquidity conditions enhancing the investment landscape for renewable energy solutions
Why We Like This Stock
- Strong capacity utilization at 84% and a robust order book covering FY27 revenue
- Strategic focus on high-margin product segments and backward integration to enhance profitability
- Favorable macro conditions and supportive government policies driving demand for renewable energy
Things To Watch Out For
- Execution risks related to project timelines and potential industry oversupply could impact growth
- Anticipated margin pressures due to competitive pricing and cost management challenges
- Dependence on successful integration of new product lines and facilities to achieve growth targets
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 1,088 | 2,158 | 4,548 | 3,400 | 5,033 |
| Profit Before Tax (Cr.) | 132 | 282 | 446 | 109 | 277 |
| PBT Margin | 12.1% | 13.1% | 980.7% | 3.2% | 5.5% |
| Net Profit (Cr.) | 95 | 215 | 367 | 90 | 229 |
| Earnings Per Share | 7.5 | 16.9 | 28.9 | 7.1 | 18.0 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| Motilal Oswal | ▲ Buy | 565 | 14-Jul-2026 |
Company Overview
Show Company Profile
Saatvik Green Energy Limited manufactures and sells solar photovoltaic modules in India and internationally. Its solar energy products include monocrystalline passive emitter and rear cell modules and N-TopCon solar modules for various applications comprising residential, commercial, and utility scale solar projects. The company also provides solar pumps, such as solar submersible and surface pumps and controllers; and end-to-end engineering, procurement, and construction services for solar projects. In addition, it offers ground-mounted and rooftop solar installation services; and operation and maintenance services. The company was incorporated in 2015 and is based in Gurugram, India.