EMMVEE PHOTOVOLTAIC PWR L (EMMVEE) financials

EMMVEE PHOTOVOLTAIC PWR L (EMMVEE) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Incorporated in March 2007, Emmvee Photovoltaic Power Limited is an integrated solar PV module and cell manufacturer.[1]

Market Cap: ₹19,098Cr.
Current Price: ₹276
Stock P/E: 219
ROE: 9.39%
ROCE: 12.7%
Book Value: ₹38.3
Dividend Yield: 0.37%
52W High / Low: ₹372/172

In Sep 2026, EMMVEE PHOTOVOLTAIC PWR L (EMMVEE) reported sales ₹209.97 Cr and net profit ₹6.87 Cr.

Annual TTM: sales ₹779 Cr, net profit ₹87 Cr.

Shareholding: Promoters 80.03% (Jun 2026), FIIs 2.92% (Jun 2026), DIIs 9.80% (Jun 2026), Government 0.00% (Jun 2026), Public 7.24% (Jun 2026).

EMMVEE quarterly results (₹ Cr.)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	356.16	543.86	445.41	276.66	81.07	271.42	216.83	209.97
Expenses	297.04	532.83	327.99	255.60	87.69	273.13	213.75	242.48
Operating Profit	59.12	11.03	117.42	21.06	-6.62	-1.71	3.08	-32.51
OPM %	16.60%	2.03%	26.36%	7.61%	-8.17%	-0.63%	1.42%	-15.48%
Other Income	7.28	7.57	12.48	17.88	33.45	49.15	52.35	47.82
Interest	5.21	6.98	3.07	3.33	1.18	0.55	0.82	0.13
Depreciation	7.03	14.75	6.10	6.06	5.61	5.31	5.25	5.39
Profit before tax	54.16	-3.13	120.73	29.55	20.04	41.58	49.36	9.79
Tax %	26.88%	-107.35%	25.32%	25.52%	29.29%	29.32%	25.32%	29.93%
Net Profit	39.59	0.23	90.16	22.01	14.17	29.40	36.87	6.87
EPS in Rs	0.67	0.00	1.52	0.37	0.20	0.42	0.53	0.10
Raw PDF	—	—	—	—	—	—	—	—

EMMVEE profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	491	363	506	705	1,232	1,763	1,075	779
Expenses	435	299	443	636	1,048	1,502	944	817
Operating Profit	56	64	63	70	183	262	130	-38
OPM %	11%	18%	13%	10%	15%	15%	12%	-4.8%
Other Income	9	2	10	19	12	29	113	183
Interest	34	34	32	26	31	27	8	3
Depreciation	28	30	26	36	38	41	23	22
Profit before tax	3	3	15	27	126	223	212	121
Tax %	-55%	-34%	44%	17%	26%	27%	26%	—
Net Profit	4	3	9	23	94	162	156	87
EPS in Rs	0.07	0.06	0.14	0.38	1.58	2.73	2.25	1.25
Dividend Payout %	0%	0%	0%	0%	0%	0%	44%	—

EMMVEE balance sheet (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
Equity Capital	11	11	11	11	11	11	138	138
Reserves	161	165	173	196	271	432	2,540	2,515
Borrowings	264	298	269	237	361	167	54	1
Other Liabilities	124	94	165	168	424	407	255	249
Total Liabilities	560	567	619	611	1,067	1,017	2,988	2,902
Fixed Assets	153	136	216	221	198	139	113	105
CWIP	1	6	14	0	2	0	1	1
Investments	100	100	64	3	53	116	116	152
Other Assets	305	325	324	387	814	762	2,757	2,644
Total Assets	560	567	619	611	1,067	1,017	2,988	2,902

EMMVEE cash flows (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	68	16	115	33	209	351	-46
Cash from Investing Activity	-2	-19	-43	-13	-256	-95	-1,860
Cash from Financing Activity	-92	2	-37	-42	47	-223	1,938
Net Cash Flow	-25	-1	36	-23	-0	33	32
Free Cash Flow	45	12	26	-7	227	354	-40
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	125%	25%	181%	48%	122%	158%	29%

EMMVEE shareholding pattern (%)
Category	Dec 2025	Mar 2026	Jun 2026
Promoters	80.03%	80.03%	80.03%
FIIs	3.97%	2.45%	2.92%
DIIs	12.50%	12.28%	9.80%
Government	0.07%	0.00%	0.00%
Public	3.43%	5.24%	7.24%
No. of Shareholders	1,01,005	93,389	1,32,931

EMMVEE key ratios
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	64	80	28	23	34	19	61
Inventory Days	73	144	—	88	148	56	45
Days Payable	59	76	—	41	76	32	47
Cash Conversion Cycle	79	149	28	69	106	43	59
Working Capital Days	-14	-5	-62	0	-51	-39	12
ROCE %	—	8%	9%	8%	29%	40%	13%

EMMVEEUpdated 16 Oct 2026, 11:51

Emmvee Photovoltaic Pwr L

EMMVEEUpdated 16 Oct 2026, 11:51

Market Cap

₹19,098Cr.

Current Price

₹276

High / Low

₹372/172

Stock P/E

219

ROE9.39%

ROCE12.7%

Book Value₹38.3

Face Value₹2.00

Dividend Yield0.37%

About

Incorporated in March 2007, Emmvee Photovoltaic Power Limited is an integrated solar PV module and cell manufacturer.[1]

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Sep 2024	457.2	6.46	351.89	-1753.16	6.86	-1661.17	1.86	-1692.06	-28.49
Dec 2024	356.16	5.21	297.04	7.28	7.03	54.16	26.88	39.59	0.67
Mar 2025	543.86	6.98	532.83	7.57	14.75	-3.13	-107.35	0.23	0
Jun 2025	445.41	3.07	327.99	12.48	6.1	120.73	25.32	90.16	1.52
Sep 2025	276.66	3.33	255.6	17.88	6.06	29.55	25.52	22.01	0.37
Dec 2025	81.07	1.18	87.69	33.45	5.61	20.04	29.29	14.17	0.2
Mar 2026	271.42	0.55	273.13	49.15	5.31	41.58	29.32	29.4	0.42
Jun 2026	216.83	0.82	213.75	52.35	5.25	49.36	25.32	36.87	0.53
Sep 2026	209.97	0.13	242.48	47.82	5.39	9.79	29.93	6.87	0.1

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2020	491	34	435	9	28	3	-55	4	0.07
Mar 2021	363	34	299	2	30	3	-34	3	0.06
Mar 2022	506	32	443	10	26	15	44	9	0.14
Mar 2023	705	26	636	19	36	27	17	23	0.38
Mar 2024	1232	31	1048	12	38	126	26	94	1.58
Mar 2025	1763	27	1502	29	41	223	27	162	2.73
Mar 2026	1075	8	944	113	23	212	26	156	2.25
TTM	779	3	817	183	22	121	—	87	1.25

Shareholding pattern

As of Jun 2026%

Holder	Share
Promoters	80.03%
FIIs	2.92%
DIIs	9.8%
Public	7.24%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Government	Public
Dec 2025	80.03%	3.97%	12.5%	0.07%	3.43%
Mar 2026	80.03%	2.45%	12.28%	0%	5.24%
Jun 2026	80.03%	2.92%	9.8%	0%	7.24%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2020	11	161	264	124	560	153	1	100	305	560
Mar 2021	11	165	298	94	567	136	6	100	325	567
Mar 2022	11	173	269	165	619	216	14	64	324	619
Mar 2023	11	196	237	168	611	221	0	3	387	611
Mar 2024	11	271	361	424	1067	198	2	53	814	1067
Mar 2025	11	432	167	407	1017	139	0	116	762	1017
Mar 2026	138	2540	54	255	2988	113	1	116	2757	2988
Sep 2026	138	2515	1	249	2902	105	1	152	2644	2902

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2020	68	-2	-92	-25
Mar 2021	16	-19	2	-1
Mar 2022	115	-43	-37	36
Mar 2023	33	-13	-42	-23
Mar 2024	209	-256	47	0
Mar 2025	351	-95	-223	33
Mar 2026	-46	-1860	1938	32

Key ratios

Historical financial ratios

Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	64	80	28	23	34	19	61
Inventory Days	73	144	—	88	148	56	45
Days Payable	59	76	—	41	76	32	47
Cash Conversion Cycle	79	149	28	69	106	43	59
Working Capital Days	-14	-5	-62	0	-51	-39	12
ROCE %	—	8%	9%	8%	29%	40%	13%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of EMMVEE PHOTOVOLTAIC PWR L (EMMVEE)?

The reported market capitalisation for EMMVEE PHOTOVOLTAIC PWR L (EMMVEE) is ₹19,098Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of EMMVEE?

The current price shown for EMMVEE PHOTOVOLTAIC PWR L (EMMVEE) on Fincrux is ₹276 with a 52-week high/low of ₹372/172.

What is the P/E ratio of EMMVEE PHOTOVOLTAIC PWR L (EMMVEE)?

The stock P/E for EMMVEE PHOTOVOLTAIC PWR L (EMMVEE) is 219 on Fincrux, with ROE at 9.39% and ROCE at 12.7%.

What were EMMVEE latest quarterly results?

For Sep 2026, EMMVEE PHOTOVOLTAIC PWR L (EMMVEE) reported sales ₹209.97 Cr and net profit ₹6.87 Cr (figures in ₹ crore unless noted).

What are EMMVEE annual sales and net profit?

For TTM, EMMVEE PHOTOVOLTAIC PWR L (EMMVEE) shows sales of ₹779 Cr and net profit of ₹87 Cr on the Fincrux profit & loss statement.

Who owns EMMVEE PHOTOVOLTAIC PWR L (EMMVEE)?

Latest shareholding for EMMVEE PHOTOVOLTAIC PWR L (EMMVEE) on Fincrux: Promoters 80.03% (Jun 2026), FIIs 2.92% (Jun 2026), DIIs 9.80% (Jun 2026), Government 0.00% (Jun 2026), Public 7.24% (Jun 2026).

Where can I find EMMVEE PHOTOVOLTAIC PWR L (EMMVEE) financials?

EMMVEE PHOTOVOLTAIC PWR L (EMMVEE) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show EMMVEE balance sheet and cash flow?

Yes. The EMMVEE PHOTOVOLTAIC PWR L (EMMVEE) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 16 October 2026 at 11:51