Sungarner Energies

Listed EPC / O&M — per-stock model.

As of 21 Aug 2026

EPC / O&M—

CMP ₹302NSE: SEL

Latest concall

FY26 · 11 Jun 2026

FY26 revenue +157.8% YoY, PAT +253% (standalone); consolidated rev ~Rs49cr, PAT ~Rs2.8cr
OPM ~11%; EPS ~Rs12 (consol); improved working capital and lower trade receivables
Turnkey solar EPC (utility/rooftop) diversifying into BESS, Li-ion and inverter solutions

Order-book execution

Not disclosed.

Management guidance

No quantitative guidance in release; continued expansion across clean-energy verticals

FY2025-26 results press release, 11 Jun 2026 (no concall held)

Revenue FY26E

74₹ cr

EBITDA margin

11.01%

P/E

18.3×

Financials

Annual · ₹ crore · E = estimate.

Annual financials

₹ crore · FY25 → FY28E

Period	Revenue	EBITDA	EBITDA %	PAT	Gross %	ROE %	ROCE %	Capex	Net debt	EPS ₹	WC days
FY24	17	2	11.4%	1	—	—	—	—	—	4.6	—
FY25	33	4	11.3%	2	—	—	—	—	—	7.2	—
FY26	74	8	11.0%	4	—	—	—	—	—	16.5	—

Source NSE Emerge (SME)· As of 21 Aug 2026

Revenue, EBITDA & margin

Bars ₹cr (left) · margin % (right)

Source NSE Emerge (SME)· As of 21 Aug 2026

Quarterly

₹ crore · recent quarters.

Quarterly financials

₹ crore

Quarter	Revenue	EBITDA	EBITDA %	PAT	PAT %
Q4FY24	10	1	14.1%	1	8.2%
Q2FY25	12	2	13.2%	1	7.5%
Q4FY25	22	2	10.1%	1	3.9%
Q2FY26	25	3	10.3%	1	4.0%
Q4FY26	49	6	11.4%	3	5.7%

Source NSE Emerge (SME)· As of 21 Aug 2026

Revenue & margin trend

Bars ₹cr (left) · margin % (right)

Source NSE Emerge (SME)· As of 21 Aug 2026

Valuation

As of 21 Aug 2026

P/E

18.3×

EV / EBITDA

11.9×

P/B

4.7×

Operating & order mix

Unit economics and the order book.

Shareholding

% · as of 31 Mar 2026

Shareholding pattern

Source NSE Emerge (SME)· As of 21 Aug 2026