₹240.45
▲ +4.51 +1.91%
As of 26 Oct 2026 · delayed
NSE Listed
Emmvee Photovoltaic Pwr Limited (EMMVEE)
Volume: 20,88,982Avg Vol 1W: 28,02,749Avg Vol 1M: 27,02,685.552W Range:₹171.51₹371.55
Key Ratios
Checked 11h agoMarket Cap₹16,647 Cr
Current Price₹240.45
Previous Close₹235.94
High / Low (52w)₹371.55 / ₹171.51
Volume20,88,982
Avg Vol (1W)28,02,749
Avg Vol (1M)27,02,685.5
Stock P/E11.73
Book Value₹63.41
Dividend Yield42%
ROE32.31%
ROA20.73%
Revenue (TTM)₹2,360 Cr
Revenue Growth145.4%
Profit Margin23.55%
Total Debt₹1,689 Cr
Shares Outstanding69 Cr
Face Value₹2
EPS (TTM)₹20.49
P/B3.79
Debt / Equity0.57
50 DMA₹311.98
200 DMA₹280.95
Day change+1.91%
Price Chart
₹240.45▲ 9.59% · 1Y
2025-11-182026-10-26
20-day avg volume: 27.0L shares
Pros
- Healthy return on equity of 32.3%.
- Pays a dividend yield of 42.0%.
- Company is almost debt-free.
- Revenue grew 32% YoY.
- Net profit is growing year over year.
Quarterly Results
| Metric | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹528 Cr | ₹1,072 Cr | ₹1,028 Cr | ₹1,131 Cr | ₹1,152 Cr | ₹1,739 Cr | ₹1,556 Cr | ₹1,576 Cr |
| EBITDA | ₹159 Cr | ₹298 Cr | ₹293 Cr | ₹347 Cr | ₹355 Cr | ₹497 Cr | ₹481 Cr | ₹475 Cr |
| Net Profit | ₹99 Cr | ₹207 Cr | ₹188 Cr | ₹238 Cr | ₹264 Cr | ₹392 Cr | ₹380 Cr | ₹382 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹544 Cr | ₹445 Cr | ₹277 Cr | ₹81 Cr | ₹5,103 Cr | ₹271 Cr | ₹217 Cr | ₹210 Cr |
| EBITDA | ₹4 Cr | ₹124 Cr | ₹33 Cr | ₹21 Cr | ₹1,492 Cr | ₹42 Cr | ₹50 Cr | ₹10 Cr |
| Net Profit | ₹0 Cr | ₹90 Cr | ₹22 Cr | ₹14 Cr | ₹1,082 Cr | ₹29 Cr | ₹37 Cr | ₹7 Cr |
| EPS | — | — | — | — | 17.17 | — | — | — |
Balance Sheet
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Total Assets | ₹873 Cr | ₹874 Cr | ₹842 Cr | ₹841 Cr | ₹2,190 Cr | ₹3,914 Cr | ₹5,772 Cr |
| Total Liabilities | ₹704 Cr | ₹696 Cr | ₹651 Cr | ₹700 Cr | ₹2,021 Cr | ₹3,377 Cr | ₹2,078 Cr |
| Equity | ₹170 Cr | ₹178 Cr | ₹191 Cr | ₹140 Cr | ₹169 Cr | ₹537 Cr | ₹3,695 Cr |
| Total Debt | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Operating | ₹182 Cr | ₹80 Cr | ₹137 Cr | ₹60 Cr | ₹250 Cr | ₹690 Cr | ₹391 Cr |
| Investing | ₹-16 Cr | ₹-24 Cr | ₹20 Cr | ₹-131 Cr | ₹-1,000 Cr | ₹-986 Cr | ₹-304 Cr |
| Financing | ₹-219 Cr | ₹-54 Cr | ₹-84 Cr | ₹80 Cr | ₹894 Cr | ₹397 Cr | ₹130 Cr |
| Free Cash Flow | ₹182 Cr | ₹80 Cr | ₹137 Cr | ₹60 Cr | ₹250 Cr | ₹690 Cr | ₹391 Cr |
Shareholding
Promoter 80.03% Institutions 12% Public 7.97%
Efficiency & Working Capital
ROCE31.3%
Interest Coverage9.7
Dividend Payout—
Debtor Days50 d
Inventory Days124 d
Payable Days64 d
Cash Conversion Cycle110 d
Working Capital Days174 d
Shareholding Details
As of 2026-09-30
Promoter80%
FII2.2%
DII9.8%
Institutions12%
Public8%
Promoter Pledge0%
No. of Shareholders1,70,581
Shareholding Pattern
Quarterly — figures in %. Latest 8 quarters.
| Period | Jul 2025 | Jul 2025 | Nov 2025 | Nov 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 100% | 100% | 80% | 80% | 80% | 80% | 80% | 80% |
| FIIs | 0% | 0% | 6.2% | 6.2% | 4% | 2.5% | 2.9% | 2.2% |
| DIIs | 0% | 0% | 10.8% | 10.8% | 12.6% | 12.3% | 9.8% | 9.8% |
| Public | 0% | 0% | 3% | 3% | 3.4% | 5.2% | 7.2% | 8% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 9 | 9 | 1,68,200 | 1,68,200 | 1,01,005 | 93,389 | 1,32,931 | 1,70,581 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202603 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Shubha Manjunatha Donthi | Shareholding of Promoter and Promoter Group | 38.5% | 26.63 Cr |
| Manjunatha Donthi Venkatarathnaiah | Shareholding of Promoter and Promoter Group | 38.5% | 26.63 Cr |
| Sumanth Manjunatha Donthi | Shareholding of Promoter and Promoter Group | 1.6% | 1.08 Cr |
| Suhas Donthi Manjunatha | Shareholding of Promoter and Promoter Group | 1.6% | 1.08 Cr |
| Franklin India Retirement Fund | Public Shareholding | 1.3% | 88,25,580 |
| Kotak Equity Savings Fund | Public Shareholding | 1.3% | 87,18,935 |
| Icici Prudential Mutual Fund - Icici Prudential Ni | Public Shareholding | 1.2% | 85,63,495 |
| Shreiya Suhas Donthi | Shareholding of Promoter and Promoter Group | 0% | 1 |
| Atharva Donthi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Eshaani Donthi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| N Ravishankar | Shareholding of Promoter and Promoter Group | 0% | 0 |
| N R Nivedita | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Adithya Nagaraj N R | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Nagappasetty Ravishankar Huf | Shareholding of Promoter and Promoter Group | 0% | 0 |
| N Ravishankar Huf | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Harish Babu K N | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Saroja Attigupe | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Prabha Prasad | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Anitha Manjunatha | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Roopa | Shareholding of Promoter and Promoter Group | 0% | 0 |
| D V Sridhar | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Manjunatha Donthi Family Trust (trustee Manjunatha Donthi Venkatarathnaiah ) | Shareholding of Promoter and Promoter Group | 0% | 11,000 |
| Shubha Donthi Family Trust (trustee Manjunatha Donthi Venkatarathnaiah ) | Shareholding of Promoter and Promoter Group | 0% | 11,000 |
| Emmvee Green Power Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Emmvee Solar Systems Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| DHONTI VENKATRATHNAIAH MANJUNATHA | Chairman & Managing Director | 2025 |
| MANJUNATHA DONTHI SHUBHA | Non Executive Director | 2025 |
| Suhas Donthi Manjunatha | Whole Time Director & Chief Executive Officer | 2025 |
| Ram Kumar Tiwari | Independent Director | 2025 |
| Sambasivarao Chandramouleswara Sharada | Independent Director | 2025 |
| Santosh Kumar Mohanty | Independent Director | 2025 |
| Shailesha Barve | Company Sec. & Compli. Officer | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Solar EPC and others | ₹177 Cr | 10% |
| Photovoltaics Modules | ₹1,586 Cr | 90% |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| Domestic | ₹1,072 Cr | 99.8% |
| China | ₹2 Cr | 0.2% |
| United States of America | ₹1 Cr | 0.1% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹2 | 140 | 138 | 138 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| forthcoming | 2026-09-18 | Dividend | — |
| dividend | 2026-09-18 | ₹1 (50%) | Final |
| forthcoming | 2026-07-15 | Board Meetings | — |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 0 | 0 | 0 | 34 | 1,753 | 1,788 |
| 2025 | 0 | 0 | 0 | 8 | 605 | 613 |
| 2025 | 0 | 0 | 0 | 26 | 748 | 775 |
Company Information
Incorporated2007
ChairmanDHONTI VENKATRATHNAIAH MANJUNATHA
AuditorMSKC & Associates LLP
Investor Email[email protected]
📍 13/1 International Airport Rd, Bettahalasur Post, Bangalore, Karnataka, 562157
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