SAATVIKGL
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India's Saatvik Green Energy falls after Q4 profit drops on cost surge
** Shares of India's Saatvik Green Energy SAAT.NS down as much as 9.53%, last down 4.69% to 433 rupees
** SAAT posted a profit of 606.1 million rupees ($6.29 million) in Q4, down 36% Y/Y
** Total expenses rose ~95% to 15.39 billion rupees in Q4 as cost of materials consumed more than doubled
** Trading vols at 580,994 shares vs 30-day avg of 233,211 shares
** YTD stock up ~21%
($1 = 96.3500 Indian rupees)
(Reporting by Devika Nair in Bengaluru)
** Shares of India's Saatvik Green Energy SAAT.NS down as much as 9.53%, last down 4.69% to 433 rupees
** SAAT posted a profit of 606.1 million rupees ($6.29 million) in Q4, down 36% Y/Y
** Total expenses rose ~95% to 15.39 billion rupees in Q4 as cost of materials consumed more than doubled
** Trading vols at 580,994 shares vs 30-day avg of 233,211 shares
** YTD stock up ~21%
($1 = 96.3500 Indian rupees)
(Reporting by Devika Nair in Bengaluru)
Saatvik Green Energy March-Quarter Consol Net Profit 606.1 Million Rupees
May 20 (Reuters) - Saatvik Green Energy Ltd SAAT.NS:
SAATVIK GREEN ENERGY LTD MARCH-QUARTER CONSOL NET PROFIT 606.1 MILLION RUPEES
SAATVIK GREEN ENERGY LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 16.08 BILLION RUPEES
Source text: [ID:]
Further company coverage: SAAT.NS
May 20 (Reuters) - Saatvik Green Energy Ltd SAAT.NS:
SAATVIK GREEN ENERGY LTD MARCH-QUARTER CONSOL NET PROFIT 606.1 MILLION RUPEES
SAATVIK GREEN ENERGY LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 16.08 BILLION RUPEES
Source text: [ID:]
Further company coverage: SAAT.NS
Saatvik Green Energy Ltd Says Unit Receives 712.5 Million Rupees Order
April 21 (Reuters) - Saatvik Green Energy Ltd SAAT.NS:
SAATVIK GREEN ENERGY LTD - UNIT RECEIVES 712.5 MILLION RUPEES ORDER
Source text: ID:nNSE18F2P6
Further company coverage: SAAT.NS
April 21 (Reuters) - Saatvik Green Energy Ltd SAAT.NS:
SAATVIK GREEN ENERGY LTD - UNIT RECEIVES 712.5 MILLION RUPEES ORDER
Source text: ID:nNSE18F2P6
Further company coverage: SAAT.NS
India's Saatvik Green Energy rises after securing order to supply solar PV modules
** Shares of Saatvik Green Energy SAAT.NS rise 7.7% to $452.80, extending gains for a third consecutive session
** The solar energy products maker on Thursday got an order worth 1.08 billion rupees ($11.68 million) to supply solar PV modules
** SAAT says order will be executed by September 2026
** Separately, the company says CFO Abani Kant Jha has resigned from his position to pursue other opportunities
** SAAT trades at a forward 12-month P/E of 11.58, below the industry median of 14.61
** YTD, stock up 16.3%
($1 = 92.4850 Indian rupees)
(Reporting by Abhinav Parmar in Bengaluru)
** Shares of Saatvik Green Energy SAAT.NS rise 7.7% to $452.80, extending gains for a third consecutive session
** The solar energy products maker on Thursday got an order worth 1.08 billion rupees ($11.68 million) to supply solar PV modules
** SAAT says order will be executed by September 2026
** Separately, the company says CFO Abani Kant Jha has resigned from his position to pursue other opportunities
** SAAT trades at a forward 12-month P/E of 11.58, below the industry median of 14.61
** YTD, stock up 16.3%
($1 = 92.4850 Indian rupees)
(Reporting by Abhinav Parmar in Bengaluru)
Saatvik Green Energy Says Abani Kant Jha Resigns As Chief Financial Officer
April 9 (Reuters) - Saatvik Green Energy Ltd SAAT.NS:
ABANI KANT JHA RESIGNS AS CHIEF FINANCIAL OFFICER
Source text: ID:nBSE4tQQZm
Further company coverage: SAAT.NS
April 9 (Reuters) - Saatvik Green Energy Ltd SAAT.NS:
ABANI KANT JHA RESIGNS AS CHIEF FINANCIAL OFFICER
Source text: ID:nBSE4tQQZm
Further company coverage: SAAT.NS
Saatvik Green Energy Ltd Says Unit Receives Order Worth 570.3 Million Rupees For Solar Pv Modules
March 30 (Reuters) - Saatvik Green Energy Ltd SAAT.NS:
SAATVIK GREEN ENERGY LTD - UNIT RECEIVES ORDER WORTH 570.3 MILLION RUPEES FOR SOLAR PV MODULES
Source text: ID:nBSE9nxBmD
Further company coverage: SAAT.NS
March 30 (Reuters) - Saatvik Green Energy Ltd SAAT.NS:
SAATVIK GREEN ENERGY LTD - UNIT RECEIVES ORDER WORTH 570.3 MILLION RUPEES FOR SOLAR PV MODULES
Source text: ID:nBSE9nxBmD
Further company coverage: SAAT.NS
Saatvik Green Energy Ltd Unit Receives Order Of 144.8 Million Rupees For Solar PV Modules
March 27 (Reuters) - Saatvik Green Energy Ltd SAAT.NS:
SAATVIK GREEN ENERGY LTD - UNIT RECEIVES ORDER OF 144.8 MILLION RUPEES FOR SOLAR PV MODULES
Source text: ID:nBSE29QWzL
Further company coverage: SAAT.NS
March 27 (Reuters) - Saatvik Green Energy Ltd SAAT.NS:
SAATVIK GREEN ENERGY LTD - UNIT RECEIVES ORDER OF 144.8 MILLION RUPEES FOR SOLAR PV MODULES
Source text: ID:nBSE29QWzL
Further company coverage: SAAT.NS
Saatvik Green Energy Receives Order Worth 871 Million Rupees
Feb 25 (Reuters) - Saatvik Green Energy Ltd SAAT.NS:
RECEIVES ORDER WORTH 871 MILLION RUPEES
Source text: ID:nBSE9LsdZ0
Further company coverage: SAAT.NS
Feb 25 (Reuters) - Saatvik Green Energy Ltd SAAT.NS:
RECEIVES ORDER WORTH 871 MILLION RUPEES
Source text: ID:nBSE9LsdZ0
Further company coverage: SAAT.NS
India's Saatvik Green Energy rises after unit wins order
** Shares of Saatvik Green Energy Ltd SAAT.NS rise as much as 4.1% to 429.75 rupees
** Solar photovoltaic module manufacturer says unit gets an order worth 441 mln rupees ($4.9 mln) from an independent power producer
** Stock on track to snap 2 days of losses
** SAAT last up 2%, adding to YTD gains of 9.7%
($1 = 90.6625 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru)
** Shares of Saatvik Green Energy Ltd SAAT.NS rise as much as 4.1% to 429.75 rupees
** Solar photovoltaic module manufacturer says unit gets an order worth 441 mln rupees ($4.9 mln) from an independent power producer
** Stock on track to snap 2 days of losses
** SAAT last up 2%, adding to YTD gains of 9.7%
($1 = 90.6625 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru)
Saatvik Green Energy's Unit Buys 49% Of Intelligent Hydel Solutions For 13 Mln Rupees
Feb 12 (Reuters) - Saatvik Green Energy Ltd SAAT.NS:
SAATVIK GREEN ENERGY LTD - UNIT BUYS 49% OF INTELLIGENT HYDEL SOLUTIONS
SAATVIK GREEN ENERGY LTD - DEAL FOR 13 MILLION RUPEES
Source text: ID:nBSEyQnbG
Further company coverage: SAAT.NS
Feb 12 (Reuters) - Saatvik Green Energy Ltd SAAT.NS:
SAATVIK GREEN ENERGY LTD - UNIT BUYS 49% OF INTELLIGENT HYDEL SOLUTIONS
SAATVIK GREEN ENERGY LTD - DEAL FOR 13 MILLION RUPEES
Source text: ID:nBSEyQnbG
Further company coverage: SAAT.NS
India's renewable energy majors jump on India-US trade deal
** Shares of Indian solar panel, cell makers jump following India and the United States long-awaited trade deal
** Shares of Waaree Energies Ltd WAAN.NS climbs 13.6%, Premier Energies PEME.NS up 9.2%, Saatvik Green Energy SAAT.NS rise 6.3%
** Adani Enterprises Ltd ADEL.NS up 11.2% and Vikram Solar Ltd VIKO.NS gains 8.2%
** "The U.S. decision to reduce tariffs on Indian goods from 25% to 18%, along with the elimination of the additional punitive levy, represents a strategic turning point for the solar sector, rather than just a routine policy change, said Prashant Mathur, CEO of Saatvik Green Energy
** Waaree, Adani, Vikram Solar are top Indian exporters to US
(Reporting by Brijesh Patel in Bengaluru)
((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))
** Shares of Indian solar panel, cell makers jump following India and the United States long-awaited trade deal
** Shares of Waaree Energies Ltd WAAN.NS climbs 13.6%, Premier Energies PEME.NS up 9.2%, Saatvik Green Energy SAAT.NS rise 6.3%
** Adani Enterprises Ltd ADEL.NS up 11.2% and Vikram Solar Ltd VIKO.NS gains 8.2%
** "The U.S. decision to reduce tariffs on Indian goods from 25% to 18%, along with the elimination of the additional punitive levy, represents a strategic turning point for the solar sector, rather than just a routine policy change, said Prashant Mathur, CEO of Saatvik Green Energy
** Waaree, Adani, Vikram Solar are top Indian exporters to US
(Reporting by Brijesh Patel in Bengaluru)
((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))
Saatvik Green Energy's Unit Gets Orders Worth 101.5 Million Rupees
Jan 22 (Reuters) - Saatvik Green Energy Ltd SAAT.NS:
UNIT RECEIVES ORDER WORTH 101.5 MILLION RUPEES
Source text: ID:nBSE2rBYkT
Further company coverage: SAAT.NS
Jan 22 (Reuters) - Saatvik Green Energy Ltd SAAT.NS:
UNIT RECEIVES ORDER WORTH 101.5 MILLION RUPEES
Source text: ID:nBSE2rBYkT
Further company coverage: SAAT.NS
Saatvik Green Energy Got Order Worth 208.4 Million Rupees
Jan 8 (Reuters) - Saatvik Green Energy Ltd SAAT.NS:
GOT ORDER WORTH 208.4 MILLION RUPEES
Source text: ID:nnAZN4RSWHE
Further company coverage: SAAT.NS
Jan 8 (Reuters) - Saatvik Green Energy Ltd SAAT.NS:
GOT ORDER WORTH 208.4 MILLION RUPEES
Source text: ID:nnAZN4RSWHE
Further company coverage: SAAT.NS
India's Saatvik Green Energy hits upper circuit on strong Q1
** Saatvik Green Energy SAAT.NS rises exchange-allowed maximum of 10% to 551.7 rupees
** Solar module manufacturer reports first earnings since listing in September - Q1 net profit grows more than 5-fold, rev up ~4-fold
** Cites higher capacity use, cost efficiencies, prudent financial management for earnings boost
** Co filed 9 bln-rupee IPO on September 22, comprising 7 bln rupees worth of fresh issue, 2 bln-rupee offer for sale
** SAAT gains ~25% so far since debut
(Reporting by Yagnoseni Das in Bengaluru)
** Saatvik Green Energy SAAT.NS rises exchange-allowed maximum of 10% to 551.7 rupees
** Solar module manufacturer reports first earnings since listing in September - Q1 net profit grows more than 5-fold, rev up ~4-fold
** Cites higher capacity use, cost efficiencies, prudent financial management for earnings boost
** Co filed 9 bln-rupee IPO on September 22, comprising 7 bln rupees worth of fresh issue, 2 bln-rupee offer for sale
** SAAT gains ~25% so far since debut
(Reporting by Yagnoseni Das in Bengaluru)
India's Saatvik Green Energy rises on 4.88 bln-rupee order win
** Saatvik Green Energy SAAT.NS rises 3.48% to 476 rupees, highest since debut on September 26
** Co receives 4.88 bln-rupee (~$55 mln) order for solar modules
** Co's unit gets order worth 2.2 bln rupees
** SAAT gains 7.52% since market debut
($1 = 88.7620 Indian rupees)
(Reporting by Mridula Kumar)
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Popular questions
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What does Saatvik Green Energy do?
Saatvik Green Energy and its subsidiaries are primarily engaged in the manufacturing of Solar Photovoltaic Modules and also providing Engineering, Procurement, and Construction (EPC) services in this regard. Its solar energy products include: (i) monocrystalline passive emitter and rear cell (Mono PERC) modules; and (ii) N-TopCon solar modules, both types are offered in mono-facial and bifacial options, suitable for various applications, including residential, commercial and utility scale solar projects.
Who are the competitors of Saatvik Green Energy?
Saatvik Green Energy major competitors are Waaree Energies, Premier Energies, Vikram Solar. Market Cap of Saatvik Green Energy is ₹5,286 Crs. While the median market cap of its peers are ₹43,309 Crs.
Is Saatvik Green Energy financially stable compared to its competitors?
Saatvik Green Energy seems to be less financially stable compared to its competitors. Altman Z score of Saatvik Green Energy is 4.68 and is ranked 4 out of its 4 competitors.
Does Saatvik Green Energy pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Saatvik Green Energy latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Saatvik Green Energy allocated its funds?
Companies resources are allocated to majorly unproductive assets like Inventory
How strong is Saatvik Green Energy balance sheet?
Balance sheet of Saatvik Green Energy is strong. But short term working capital might become an issue for this company.
Is the profitablity of Saatvik Green Energy improving?
Yes, profit is increasing. The profit of Saatvik Green Energy is ₹361 Crs for TTM, ₹214 Crs for Mar 2025 and ₹100 Crs for Mar 2024.
Is the debt of Saatvik Green Energy increasing or decreasing?
Yes, The net debt of Saatvik Green Energy is increasing. Latest net debt of Saatvik Green Energy is ₹800 Crs as of Mar-26. This is greater than Mar-25 when it was ₹442 Crs.
Is Saatvik Green Energy stock expensive?
Saatvik Green Energy is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of Saatvik Green Energy is 15.44, while 3 year average PE is 25.31. Also latest EV/EBITDA of Saatvik Green Energy is 11.56 while 3yr average is 11.51.
Has the share price of Saatvik Green Energy grown faster than its competition?
There is not enough historical data for the companies share price.
Is the promoter bullish about Saatvik Green Energy?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Saatvik Green Energy is 75.99% and last quarter promoter holding is 75.99%.
Are mutual funds buying/selling Saatvik Green Energy?
The mutual fund holding of Saatvik Green Energy is increasing. The current mutual fund holding in Saatvik Green Energy is 10.1% while previous quarter holding is 8.94%.