Emmvee Photovoltaic Power Ltd (EMMVEE) — shareholding pattern, promoter holding, financials and share price
About Emmvee Photovoltaic Power Ltd (EMMVEE)
Emmvee Photovoltaic Power Ltd operates in the Other Electrical Equipment industry, within the Capital Goods sector. It trades on the NSE as EMMVEE and on the BSE under scrip code 544608. Its ISIN is INE1C6T01020.
Incorporated in March 2007, Emmvee Photovoltaic Power Limited is an integrated solar PV module and cell manufacturer. [1]
Emmvee Photovoltaic Power Limited is a leading Indian manufacturer of solar cells and photovoltaic modules, providing integrated solar power solutions. The company has notably increased its production capacities and achieved significant growth in financial performance.
In Q3 FY26, Emmvee's revenue reached INR 11,679 million, reflecting a year-on-year growth of 118%. The company's strong financial health is supported by a robust EBITDA margin of 35.9% and net profit after tax margin of 23%.
Listed peers in Other Electrical Equipment: Sedemac Mechatronics Ltd, Diamond Power Infrastructure Ltd, Avalon Technologies Ltd, Fujiyama Power Systems Ltd, Waaree Renewable Technologies Ltd, Genus Power Infrastructures Ltd.
Valuation & Returns
10 Jul 2026At ₹332 a share on 10 Jul 2026, Emmvee Photovoltaic Power Ltd (EMMVEE) was valued at a price-to-earnings ratio of 21.25x against an industry P/E of 52.37x and a price-to-book of 42.82x on a book value of ₹7.75 per share as of Mar 2025. Solomo computes return on equity of 201.48% and return on capital employed of 57.35% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 21.25x
- Industry P/E
- 52.37x
- P/B
- 42.82x
- EPS (TTM)
- ₹15.62
- Book value / share
- ₹7.75
- ROE
- 201.48%
- ROCE
- 57.35%
- ROA
- 27.63%
- Debt / equity
- 3.85x
- Dividend yield
- 0.3%
- EBITDA margin
- 35.4%
- 52-week range
- ₹171.5 – ₹369.15
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Emmvee Photovoltaic Power Ltd (EMMVEE) reported revenue of ₹5,050 crore, net profit of ₹1,082 crore and earnings per share of ₹15.62. That compares with revenue of ₹2,336 crore and net profit of ₹369 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Jun 2026, revenue was ₹1,556 crore and net profit ₹380 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 555 | 618 | 952 | 2,336 | 5,050 |
| Net profit (₹ cr) | 13 | 9 | 29 | 369 | 1,082 |
| EPS (₹) | 12.62 | 8.28 | 26.78 | 68.39 | 15.62 |
| Measure | 5Y | 3Y | 1Y |
|---|---|---|---|
| Sales growth | 29.12% | 51.39% | 145.35% |
| Profit growth | 108.64% | 166.67% | - |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 80.03% of Emmvee Photovoltaic Power Ltd (EMMVEE) (unchanged from the previous quarter), foreign institutional investors (FII) hold 2.92% and domestic institutional investors (DII) hold 9.8%. Market capitalisation was ₹22,986 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Dec 2025.
Largest disclosed public shareholders in Jun 2026: ICICI PRUDENTIAL S&P BSE 500 ETF 1.61%, KOTAK EQUITY SAVINGS FUND 1.29%, FRANKLIN INDIA MID CAP FUND 1.17%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 80.03% | - | 2.92% | 9.8% | 19.97% |
| Mar 2026 | 80.03% | - | 2.45% | 12.28% | 19.97% |
| Dec 2025 | 80.03% | - | 3.97% | 12.57% | 19.97% |