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SolarWorld Energy Solutions

Listed EPC / O&M — per-stock model.

As of 21 Aug 2026
EPC / O&M
CMP 150NSE: SOLARWORLD

Latest concall

Q4 FY26 · 26 May 2026
  • Key wins include BESS orders for NTPC and solar EPC for SJVN Green Energy.
  • Order book ~Rs2,813cr; strong Q4 execution drove full-year ramp.
  • FY26 consol net profit Rs120.5cr up 56%; total income Rs1,416cr up 157%; Q4 PAT Rs49.1cr up 420%.
  • Building manufacturing: ~1.55GW module line and ~3.4GW BESS facility.
Order-book execution

Rs2,813cr order book, weighted to BESS and utility solar, executes over roughly the next 18-24 months.

Management guidance
  • Targets ~60:40 BESS-to-solar EPC revenue mix, tilting toward storage.
  • Backward integration into modules/BESS to lift margins and secure supply.
  • First full year as listed co (IPO Sep-2025); scaling on NTPC/SJVN-type utility orders.

Q4/FY26 earnings call (audio 26-May-2026); financepulse.ai, worldsolar.in transcript, screener.in, ICICIdirect

Order book

₹2,813cr

Revenue FY26E

1,376₹ cr

EBITDA margin

11%

P/E

11.1×

Financials

Annual · ₹ crore · E = estimate.

Annual financials

₹ crore · FY25 → FY28E

PeriodRevenueEBITDAEBITDA %PATGross %ROE %ROCE %CapexNet debtEPS ₹WC days
FY222828.0%268.8
FY23232219.0%15463.8
FY245016914.0%521615.3
FY2554510720.0%7710.4
FY261,37614711.0%12013.9
Source Market data (mid-2026) + company filings· As of 21 Aug 2026

Revenue, EBITDA & margin

Bars ₹cr (left) · margin % (right)

Source Market data (mid-2026) + company filings· As of 21 Aug 2026

Quarterly

₹ crore · recent quarters.

Quarterly financials

₹ crore

QuarterRevenueEBITDAEBITDA %PATPAT %
Q1FY2523523.0%313.0%
Q2FY251423021.0%2215.5%
Q3FY252045929.0%4321.1%
Q4FY25176137.0%95.1%
Q1FY2668913.0%1319.1%
Q2FY261381511.0%96.5%
Q3FY265786511.0%498.5%
Q4FY265925810.0%498.3%
Source Market data (mid-2026) + company filings· As of 21 Aug 2026

Revenue & margin trend

Bars ₹cr (left) · margin % (right)

Source Market data (mid-2026) + company filings· As of 21 Aug 2026

Valuation

As of 21 Aug 2026

P/E

11.1×

EV / EBITDA

10.4×

P/B

1.5×

Operating & order mix

Unit economics and the order book.

Shareholding

% · as of 31 Mar 2026

Shareholding pattern

%

Source Market data (mid-2026) + company filings· As of 21 Aug 2026