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Electronics & EMS · Semiconductors · NSE: EMMVEE · data 2026-11-02

Emmvee Photovoltaic Power Limited

₹231.29+0.87% on 2 NovHealth: Strong 8.4/10
Feb 2026Low ₹186.01 · High ₹365.35+14.1%

In plain words

Price: 37.7% below its 52-week high of ₹371.55.

Delivery: 42.3% of traded shares were kept for delivery over the last 10 sessions, against 44.3% over the last 60.

Latest results: a net profit of ₹382 cr for the quarter ended Sept 2026 (+60.6% on the same quarter a year earlier).

A description of the data, not a recommendation.

Open full analysis — chart, results, balance sheet, red flags →

Key figures

Price
₹231.29
Market cap
₹15,855 cr
P/E
11.3
P/B
3.7
ROE
51.1%
ROCE
43.3%
Debt / equity
0.1
Dividend yield
0.44%
1-year return
6.6%
52-week high
₹371.55
52-week low
₹171.51
Operating margin
29.4%

Growth

Revenue (last 12 months)₹6,023 cr
Net profit (last 12 months)₹1,418 cr
Sales growth, 3 years (yearly)101.4%
Profit growth, 3 years (yearly)394.6%

At a glance

Ownership
Strong

Promoters 80.0%, pledged 0.0%, institutions 12.0%.

Valuation
Low

P/E 11.3, P/B 3.6, dividend yield 0.4%. Price relative to earnings and book value (low is cheaper, not better).

Efficiency
Strong

ROE 51.1%, ROCE 43.3%, operating margin 29.4%: how much profit it earns on the money it uses.

Financials
Strong

Debt/equity 0.10, Profit growth 394.6% and sales growth 101.4% a year over 3 years.

Ratings use fixed thresholds on the latest reported figures. They describe the numbers and are not a recommendation.

Strengths and limitations

Strengths
  • Virtually debt-free (debt/equity 0.1 or less).
  • High return on equity (51.1%).
  • Healthy operating margin (29.4%).
  • Profit grew 394.6% a year over 3 years.
Limitations

None flagged by these rules.

Picked automatically from the latest reported figures with fixed rules; check the company's filings before relying on them.

Latest results in brief (Q2 FY27)

EMMVEE Q2 FY27 results (consolidated figures, as filed on NSE).

Revenue was ₹1,576.38 crore, up 39.4% YoY and up 1.3% QoQ.

Net profit was ₹382.05 crore, up 60.6% YoY and up 0.5% QoQ.

Operating margin was 35.3% (35.3% a year ago).

EPS was ₹5.52, up 37.7% YoY and up 0.5% QoQ.

EMMVEE के Q2 FY27 नतीजे (कंसोलिडेटेड आंकड़े, NSE पर दाखिल)।

राजस्व: ₹1,576.38 करोड़; पिछले साल की तुलना में 39.4% की बढ़त, पिछली तिमाही की तुलना में 1.3% की बढ़त।

शुद्ध मुनाफ़ा: ₹382.05 करोड़; पिछले साल की तुलना में 60.6% की बढ़त, पिछली तिमाही की तुलना में 0.5% की बढ़त।

ऑपरेटिंग मार्जिन: 35.3% (एक साल पहले 35.3%)।

EPS: ₹5.52; पिछले साल की तुलना में 37.7% की बढ़त, पिछली तिमाही की तुलना में 0.5% की बढ़त।

EMMVEEના Q2 FY27 પરિણામો (કન્સોલિડેટેડ આંકડા, NSE પર ફાઇલ કરેલા).

આવક (રેવન્યુ): ₹1,576.38 કરોડ; ગયા વર્ષની સરખામણીએ 39.4% વધારો, ગયા ક્વાર્ટરની સરખામણીએ 1.3% વધારો.

ચોખ્ખો નફો: ₹382.05 કરોડ; ગયા વર્ષની સરખામણીએ 60.6% વધારો, ગયા ક્વાર્ટરની સરખામણીએ 0.5% વધારો.

ઓપરેટિંગ માર્જિન: 35.3% (એક વર્ષ પહેલાં 35.3%).

EPS: ₹5.52; ગયા વર્ષની સરખામણીએ 37.7% વધારો, ગયા ક્વાર્ટરની સરખામણીએ 0.5% વધારો.

Written from the filed numbers. Not a recommendation.

Smart-money activity

11/100 · Weak over the last ~60 sessions, data 2026-10-30

A description of recorded activity (delivery, deals, insider buys, fund holding, pledges), not a recommendation. Today's most active stocks.

Story so far

2026-10-14: Q2 FY27 results: profit +60.6% YoY2026-09-18: Dividend ₹1 (ex-date)2026-07-15: Q1 FY27 results: net profit ₹380.3 cr2026-04-28: Q4 FY26 results: net profit ₹392.4 cr

● Results   ● Dividend

From official exchange filings and NSE data. How the price moved after an event describes the past, not what comes next.

Quarterly results (consolidated)

QuarterRevenueNet profitProfit YoYOp. marginEPS ₹
Sept 2026₹1,576 cr₹382 cr+60.6%35.3%5.52
Jun 2026₹1,556 cr₹380 cr—35.2%5.49
Mar 2026₹1,739 cr₹392 cr—32.8%5.67
Dec 2025₹1,152 cr₹264 cr—35.9%4.11

Shareholding trend

HolderSept 2026Jun 2026Mar 2026Dec 2025
Promoters80.03%80.03%80.03%80.03%
Foreign institutions (FII)2.19%2.92%2.45%3.97%
Domestic institutions (DII)9.81%9.80%12.28%12.57%
Mutual funds6.24%6.24%7.59%7.50%
Retail investors6.15%5.12%3.13%2.64%
Number of shareholders1,70,5811,32,93193,3891,01,005

Common questions

What was Emmvee Photovoltaic Power Limited's latest quarterly profit?

Emmvee Photovoltaic Power Limited reported a net profit of ₹382 cr for the quarter ended Sept 2026 (+60.6% on the same quarter a year earlier), on revenue of ₹1,576 cr.

How much do promoters hold in Emmvee Photovoltaic Power Limited?

Promoters held 80.03% of Emmvee Photovoltaic Power Limited at the end of Sept 2026, with 0.00% of promoter shares pledged.

Is Emmvee Photovoltaic Power Limited debt-free?

Its latest reported debt-to-equity ratio is 0.1.

What is Emmvee Photovoltaic Power Limited's P/E ratio?

About 11.3, based on the last 12 months' earnings and a price of ₹231.29 (data 2026-11-02).

What is the 52-week high and low of Emmvee Photovoltaic Power Limited?

The 52-week high is ₹371.55 and the 52-week low is ₹171.51.

Compared with similar companies

CompanyPriceMarket capP/EP/BROEROCEDebt/eq.1-yr return
Emmvee Photovoltaic Power Limited₹231.29₹15,855 cr11.33.751.1%43.3%0.1+6.6%
WAAREE Energies Limited₹2,306.8₹66,160 cr184.131%31.3%0.22-32.9%
Premier Energies Limited₹870.95₹39,312 cr23.6—42.4%33%0.86-20.4%
Karamtara Engineering Limited₹375.5₹12,080 cr—————+17.3%
Fujiyama Power Systems Limited₹361.3₹11,228 cr36.3—36.4%42.4%0.41+64.2%
Vikram Solar Limited₹127.93₹4,544 cr12.7—21.3%29.9%0.2-61.1%

Compare EMMVEE with WAAREEENER in detail →

The full analysis has the price chart, every quarterly result with YoY/QoQ growth, the balance sheet and cash flow with an accounting red-flag check, shareholding quarter by quarter with big investors, news, filings and bulk/block deals.

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