Emmvee Photovoltaic Power Ltd (EMMVEE)
₹229.00
Mkt cap
₹15,855 Cr
P/E ratio
11.20
P/B
3.61
Div yield
0.44%
ROE
50.70%
ROCE
44.60%
EPS (TTM)
₹20.45
Book value
₹63
52W range
172–372
Sector
Industrials
Price history
Previous close
Incorporated in March 2007, Emmvee Photovoltaic Power Limited is an integrated solar PV module and cell manufacturer. [1]
NSE EMMVEEBSE 544608
Health check
Constructive
ValuationCheap
ProfitabilityStrong
GrowthHigh
TechnicalsNeutral
52-week range
−38.37% from high₹229
₹172+33.52% from low₹372
Current
₹229.00
Prev close
₹243.70
Day
−6.03%
Price performance
1D
−6.03%
1W
−2.95%
1M
−27.20%
3M
−25.52%
6M
−21.26%
1Y
—
YTD
+21.97%
Financials
Revenue, profit & margin
P/E ratio
11.2×
EMMVEE is 54% below the sector median of 24.2×
EMMVEE11.2×
Sector median24.2×
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 402 | 528 | 1,072 | 1,028 | 1,131 | 1,152 | 1,739 | 1,556 | 1,576 | |
| Expenses | 310 | 326 | 711 | 677 | 732 | 739 | 1,168 | 1,007 | 1,020 | |
| Operating Profit | 93 | 202 | 361 | 350 | 399 | 413 | 571 | 548 | 557 | |
| OPM % | 23% | 38% | 34% | 34% | 35% | 36% | 33% | 35% | 35% | |
| Other Income | 11 | 10 | 3 | 14 | 18 | 16 | 5 | 16 | 3 | |
| Interest | 17 | 37 | 46 | 53 | 55 | 33 | 13 | 11 | 9 | |
| Depreciation | 23 | 54 | 66 | 72 | 71 | 74 | 79 | 84 | 85 | |
| Profit before tax | 64 | 122 | 253 | 240 | 292 | 322 | 484 | 470 | 465 | |
| Tax % | 45% | 19% | 18% | 22% | 18% | 18% | 19% | 19% | 18% | |
| Net Profit | 35 | 99 | 207 | 188 | 238 | 264 | 392 | 380 | 382 | |
| EPS in Rs | 0.59 | 1.67 | 3.49 | 3.16 | 4.01 | 3.81 | 5.67 | 5.49 | 5.52 | |
| Raw PDF |
Earnings
Results dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move +3.43% · closed higher next day 2 of last 5
| Q2FY26 | Q3FY26† | Q4FY26 | Q1FY27 | Q2FY27 | |
|---|---|---|---|---|---|
| Broadcast | 1 Dec '25 | 15 Jan '26◦ | 28 Apr '26◦ | 15 Jul '26◦ | 14 Oct '26◦ |
| Earnings day | +9.35% | −1.39% | +6.82% | +8.16% | −5.78% |
| +1 day | +10.75% | −2.88% | −3.63% | +2.15% | −7.41% |
| +5 days | −7.86% | −9.11% | −2.71% | −5.34% | −21.19% |
| +15 days | −15.57% | −7.10% | −4.05% | −2.86% | — |
| +30 days | −0.24% | −14.81% | +26.18% | −3.11% | — |
| Filing | XBRL | XBRL | XBRL | XBRL |
Corporate actions
Last 6 monthsNo recent corporate actions
Dividends, splits, and bonuses in the last six months show up here.
Shareholding
as of Sep 202680.03%Promoter
Promoters80.03%
FIIs2.19%0.73
DIIs9.82%0.02
Public7.98%0.74
Government0.00%
Ownership trend
Peers
7 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| Waaree Energies | ₹2,304.00 | 16.99 | 66,275 | 0.17% | 754 | −14.70% | 7,518 | +23.94% | 38.45% |
| Apar Inds. | ₹15,678.00 | 46.86 | 65,652 | 0.38% | 447 | +77.72% | 6,931 | +21.27% | 31.81% |
| Premier Energies | ₹876.00 | 23.88 | 39,766 | 0.11% | 472 | +50.45% | 2,463 | +35.25% | 32.71% |
| MTAR Technologie | ₹6,838.00 | 109.40 | 21,033 | 0.00% | 60 | +1,307.76% | 407 | +200.00% | 15.15% |
| Diamond Power | ₹344.40 | 111.04 | 20,598 | 0.00% | 57 | +197.81% | 707 | +132.98% | 10.38% |
| Emmvee Photovol. | ₹229.00 | 11.18 | 15,855 | 0.44% | 382 | +60.62% | 1,576 | +39.38% | 44.62% |
| Avalon Tech | ₹2,050.30 | 102.64 | 13,713 | 0.00% | 35 | +145.39% | 484 | +49.83% | 19.29% |
| Median: 60 Co. | ₹271.48 | 24.23 | 780 | 0.00% | 12 | +42.23% | 194 | +34.22% | 21.57% |
Filings
Annual reports1
Concall transcripts16
Credit ratings2
Announcements5
Announcement under Regulation 30 (LODR)-Earnings Call Transcript 21 Oct - Transcript of Q2FY27 Earnings conference call held on October 15, 2026.Announcement under Regulation 30 (LODR)-Newspaper Publication 17 Oct - Pursuant to Regulation 47 of SEBI (LODR) Regulations, 2015, we are attaching herewith newspaper clipping of unaudited financial results for quarter and half year ended …Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 15 Oct - Audio recording of Q2FY27 earnings conference call uploaded on company website.Announcement under Regulation 30 (LODR)-Investor Presentation 14 Oct - Please find the attached investor presentation for the quarter and half year ended September 30, 2026.Announcement under Regulation 30 (LODR)-Press Release / Media Release 14 Oct - Q2/H1 FY27 results strong; 6 GW expansion to commission by Dec 2026 and Mar 2027.