EMMVEE
Emmvee Photovoltaic Power Limited (EMMVEE) Stock Analysis
Emmvee Photovoltaic Power Limited is an Indian solar module and renewable-energy products company. It manufactures photovoltaic modules and related solar solutions for residential and commercial projects. The company supports India's clean-energy supply chain. It is listed on Indian stock exchanges.
Technology › Solar
₹277.20
-7.62% 1W | +28.60% 52W
Market Cap
19.2k CR
P/E Ratio
14.2
52W High
₹371.6
52W Low
₹171.5
Div. Yield
0.35%
Beta
–
50 DMA
₹320
200 DMA
₹277.6
Profit Margin
23.5%
Inst. Own.
7.3%
⚠️ BREAKDOWN
⚠️ BREAKDOWN
Fundamentals
Profit & Loss
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 402 | 528 | 1,072 | 1,028 | 1,131 | 1,152 | 1,739 | 1,556 |
| Expenses | 310 | 326 | 711 | 677 | 732 | 739 | 1,168 | 1,007 |
| Operating Profit | 93 | 202 | 361 | 350 | 399 | 413 | 571 | 548 |
| OPM % | 23% | 38% | 34% | 34% | 35% | 36% | 33% | 35% |
| Other Income | 11 | 10 | 3 | 14 | 18 | 16 | 5 | 16 |
| Interest | 17 | 37 | 46 | 53 | 55 | 33 | 13 | 11 |
| Depreciation | 23 | 54 | 66 | 72 | 71 | 74 | 79 | 84 |
| Profit before tax | 64 | 122 | 253 | 240 | 292 | 322 | 484 | 470 |
| Tax % | 45% | 19% | 18% | 22% | 18% | 18% | 19% | 19% |
| Net Profit | 35 | 99 | 207 | 188 | 238 | 264 | 392 | 380 |
| EPS in Rs | 32.54 | 91.92 | 38.39 | 3.16 | 4.01 | 3.81 | 5.67 | 5.49 |
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 555 | 424 | 555 | 618 | 952 | 2,336 | 5,050 | 5,578 |
| Expenses | 451 | 312 | 451 | 562 | 832 | 1,614 | 3,316 | 3,646 |
| Operating Profit | 105 | 113 | 104 | 56 | 120 | 722 | 1,734 | 1,932 |
| OPM % | 19% | 27% | 19% | 9% | 13% | 31% | 34% | 35% |
| Other Income | 9 | 2 | 12 | 26 | 3 | 25 | 54 | 56 |
| Interest | 65 | 62 | 49 | 28 | 34 | 108 | 155 | 113 |
| Depreciation | 39 | 52 | 42 | 43 | 42 | 156 | 296 | 308 |
| Profit before tax | 9 | 1 | 25 | 12 | 48 | 483 | 1,338 | 1,567 |
| Tax % | -44% | -1,064% | 49% | 23% | 39% | 24% | 19% | |
| Net Profit | 14 | 9 | 13 | 9 | 29 | 369 | 1,082 | 1,274 |
| EPS in Rs | 12.61 | 8.63 | 12.62 | 8.28 | 26.78 | 68.39 | 15.62 | 18.98 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 6% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 101.0% | 64.0% | – |
| Profit CAGR | 393.0% | 158.0% | – |
Shareholding Pattern
Promoters80.03%
FIIs3.97%
DIIs12.50%
Public3.43%
Promoters80.03%
FIIs2.45%
DIIs12.28%
Public5.24%
Promoters80.03%
FIIs2.92%
DIIs9.80%
Public7.24%
Promoters80.03%
FIIs2.45%
DIIs12.28%
Public5.24%
Promoters80.03%
FIIs2.92%
DIIs9.80%
Public7.24%
EMMVEE
Holdings Analysis
Key strengths & risk signals
73
Overall
83
Fundamental
64
Technical
Risks (3)
VERY HIGH DEBT! D/E of 3.05 - significant risk.
WEAK POSITION! Current price (277.2) is below both moving averages.
NEGATIVE MOMENTUM! Price declined across timeframes - down 7.6% (1 week), 13.8% (1 month), 19.7% (3 months).
Strengths (4)
UNDERVALUED! PEG of 0.04 indicates stock is cheap relative to growth.
BULLISH TREND! 50-day average (320.0) is above 200-day average (277.6) - positive signal.
OVERSOLD! RSI at 28.7 - potential bounce opportunity.
GOOD YEAR! Stock gained 28.6% in the last year.
Fundamental & Technical Analysis
73Overall
83Fundamental
64Technical
Fundamental Breakdown
Growth Quality
30/30
Revenue CAGR: 102.7% (EXCELLENT, 15/15). Profit CAGR: 394.6% (EXCELLENT, 15/15).
Profit Margin
8/10
EXCELLENT EFFICIENCY! 23.5% profit margin - company keeps strong profits.
PEG Valuation
10/10
UNDERVALUED! PEG of 0.04 indicates stock is cheap relative to growth.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0.35% yield - little to no income.
Debt to Equity
2/10
VERY HIGH DEBT! D/E of 3.05 - significant risk.
Public Holding
20/20
VERY LESS PUBLIC HOLDING! 3.43% public ownership - strong promoter/institutional control.
Stability Index
10/10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Technical Breakdown
Moving Averages
12/10
BULLISH TREND! 50-day average (320.0) is above 200-day average (277.6) - positive signal.
Price Position
2/10
WEAK POSITION! Current price (277.2) is below both moving averages.
Trend Pattern
10/20
BREAKDOWN! Stock has broken below support levels - weakness present.
52W Performance
8/10
GOOD YEAR! Stock gained 28.6% in the last year.
Volume Sentiment
20/30
BULLISH SENTIMENT! In last 30 days: 13 up days, 16 down days. Avg volume on up days: 2,891,555 vs down days: 2,647,583. Ratio: 1.09x
RSI
5/5
OVERSOLD! RSI at 28.7 - potential bounce opportunity.
52W Range
3/5
MID RANGE! Trading at 52.8% of 52W range - neutral zone.
Momentum
1/5
NEGATIVE MOMENTUM! Price declined across timeframes - down 7.6% (1 week), 13.8% (1 month), 19.7% (3 months).
Beta
3/5
MARKET ALIGNED! Beta of 1.00 - moves with the market.
EMMVEE
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q1FY272026-07-22 | Concall PDF | |
| Q4FY262026-05-05 | Concall PDF | |
| Q3FY262026-01-20 | Concall PDF | |
| Q2FY262025-12-08 | Concall PDF |
Peer Comparison
Technology · Solar · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EMMVEE | ₹277.20 | 14.2 | 23.5% | 102.7% | 394.6% | +28.6% | 73 | BREAKDOWN | +102.6% | -3.1% | +51.3% | -10.5% |
| UTLSOLAR | ₹394.90 | 40.1 | 8.6% | 58.7% | 132.0% | +100.8% | 71 | CONSOLIDATING DOWN | -14.4% | -45.6% | +125.3% | +49.4% |
| BORORENEW | ₹428.50 | 15.7 | 23.7% | 20.2% | 22.8% | -33.4% | 68 | BREAKOUT | -152.1% | -48.7% | +17.1% | -7.8% |
| VIKRAMSOLR | ₹144.00 | 14.3 | 6.8% | 32.3% | 219.0% | -57.5% | 63 | CONSOLIDATING DOWN | -85.2% | -82.1% | +37.9% | +7.6% |
| SAATVIKGL | ₹396.80 | 29.3 | 5.9% | 95.5% | 322.3% | -21.1% | 74 | BOUNCE FROM SUPPORT | -95.3% | -90.9% | -44.2% | -68.2% |
| SWSOLAR | ₹165.50 | – | 2.9% | 55.3% | – | -22.7% | 60 | BREAKOUT | +69.4% | -59.7% | -9.7% | -18.3% |
| WEBELSOLAR | ₹68.20 | 9.6 | 26.1% | 293.4% | – | -43.6% | 55 | BREAKOUT | +15.8% | -37.5% | +70.3% | -7.2% |
| RELTD | ₹141.20 | 52.3 | 12.5% | 30.6% | 66.2% | +1.3% | 72 | APPROACHING SUPPORT | -92.8% | -48.4% | -33.9% | -21.7% |
Data from TradeAlone · Updated daily
EMMVEE News
Emmvee Photovoltaic Power Limited (EMMVEE) cools off after resistance breakout, down 5%2026-07-20Emmvee Photovoltaic Power Limited (EMMVEE) cools off after resistance breakout, down 5%2026-07-17Emmvee Photovoltaic Power Limited (NSE: EMMVEE) gains 6% intraday2026-07-16Emmvee Photovoltaic Power Limited (NSE: Emmvee) Delivers Record First Quarter; PAT More Than Doubles Year-on-year2026-07-15Emmvee Photovoltaic Power Limited (NSE: EMMVEE) breaks below support, falls 5% intraday2026-07-07India’s ALMM 2 Solar Cell Rule Takes Effect, MV Group Sees No Shortage2026-06-11
