as of —
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Change
—
Day Open
₹—
Day High
₹—
Day Low
₹—
NSE Close — 25 Sep 2026
₹321.9
Change
+4.3 (1.35%)
Open
₹318.5
Prev. Close
₹317.6
Day High
₹323.45
Day Low
₹310.5
Volume Analysis
Traded
2,471,556
Delivered
1,024,376
Delivery %
41.45%
End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.
Strengths, Weaknesses, Opportunities & Threats
Strengths (2)
- •Strong return on equity (50.7%)
- •Strong operating margin (35.0%)
Weaknesses (0)
No signal for this stock
Opportunities (2)
- •Strong 3-year EPS growth (23.6%)
- •Strong 3-year revenue growth (101.4%)
Threats (1)
- •FII holding has been falling
Rule-based signals from the fundamentals below — not investment advice.
Pivot Levels
| Type | R3 | R2 | R1 | Pivot | S1 | S2 | S3 |
|---|---|---|---|---|---|---|---|
| Classic | ₹339.69 | ₹331.57 | ₹326.74 | ₹318.62 | ₹313.79 | ₹305.67 | ₹300.84 |
| Fibonacci | ₹331.57 | ₹326.62 | ₹323.57 | ₹318.62 | ₹313.67 | ₹310.62 | ₹305.67 |
| Camarilla | ₹325.46 | ₹324.27 | ₹323.09 | ₹318.62 | ₹320.71 | ₹319.53 | ₹318.34 |
Support/resistance levels for today, calculated from the previous trading day's high/low/close.
Absolute Returns
YTD
+70.44%
1 Week
-5.49%
1 Month
-0.68%
3 Months
-6.15%
6 Months
+46.96%
1 Year
—
2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.
Stock Vitals
Computed from the latest available annual financials.
Graham Number
₹136.99
Current price is above the Graham Number — Benjamin Graham's estimate of fair value based on earnings and book value.
DuPont ROE Breakdown
31.0%
Net margin 22.84% × asset turnover 0.87x × equity multiplier 1.56x
Company Overview
Sector
Capital Goods
Market Cap
₹23,062 Cr
P/E (TTM)
18.1
ROE
50.7%
Book Value
₹53.4
Face Value
₹2.0
Source: Screener.in (Consolidated figures) — data as of 24 Sep 2026. Not investment advice.
TopFund Analysis
Emmvee Photovoltaic Pwr L holds up reasonably well on TopFund's composite fundamentals check within the Capital Goods sector, at 66/100. The strongest factor is Financial Strength (100/100), while Cash Flow (4/100) is the weakest area to weigh before deciding. Notably: Strong return on equity (50.7%); strong operating margin (35.0%). FII holding has been falling.
TopFund Score — Fundamentals Quality
66/100 — GoodData confidence: 79/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.
As of 27 Sep 2026 · How we calculate this →
Financial Strength
Growth
Valuation
Cash Flow
Corporate Governance
Momentum
Institutional Ownership
Business Quality
Risk & Volatility
Liquidity
From Screener.in
- +Company has reduced debt.
- +Company is expected to give good quarter
- +Company has delivered good profit growth of 158% CAGR over last 5 years
- +Company has a good return on equity (ROE) track record: 3 Years ROE 56.1%
- −Debtor days have increased from 38.9 to 50.2 days.
- −Working capital days have increased from -14.0 days to 86.1 days
Not investment advice — an automated read of public fundamentals data, for research context only.
Corporate Actions
Murugesh C appointed Company Secretary and Compliance Officer from September 22, 2026; Nagaraj Ronad ceased as Compliance Officer.
Source: BSE regulatory filings, via Screener.in.
Quarterly Results
Last several quarters
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 402 | 528 | 1,072 | 1,028 | 1,131 | 1,152 | 1,739 | 1,556 |
| Expenses + | 310 | 326 | 711 | 677 | 732 | 739 | 1,168 | 1,007 |
| Operating Profit | 93 | 202 | 361 | 350 | 399 | 413 | 571 | 548 |
| OPM % | 23.0% | 38.0% | 34.0% | 34.0% | 35.0% | 36.0% | 33.0% | 35.0% |
| Other Income + | 11 | 10 | 3 | 14 | 18 | 16 | 5 | 16 |
| Interest | 17 | 37 | 46 | 53 | 55 | 33 | 13 | 11 |
| Depreciation | 23 | 54 | 66 | 72 | 71 | 74 | 79 | 84 |
| Profit before tax | 64 | 122 | 253 | 240 | 292 | 322 | 484 | 470 |
| Tax % | 45.0% | 19.0% | 18.0% | 22.0% | 18.0% | 18.0% | 19.0% | 19.0% |
| Net Profit + | 35 | 99 | 207 | 188 | 238 | 264 | 392 | 380 |
| EPS in Rs | 33 | 92 | 38 | 3 | 4 | 4 | 6 | 5 |
| Raw PDF | — | — | — | — | — | — | — | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Profit & Loss (Yearly)
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 555 | 424 | 555 | 618 | 952 | 2,336 | 5,050 | 5,578 |
| Expenses + | 451 | 312 | 451 | 562 | 832 | 1,614 | 3,316 | 3,646 |
| Operating Profit | 105 | 113 | 104 | 56 | 120 | 722 | 1,734 | 1,932 |
| OPM % | 19.0% | 27.0% | 19.0% | 9.0% | 13.0% | 31.0% | 34.0% | 35.0% |
| Other Income + | 9 | 2 | 12 | 26 | 3 | 25 | 54 | 56 |
| Interest | 65 | 62 | 49 | 28 | 34 | 108 | 155 | 113 |
| Depreciation | 39 | 52 | 42 | 43 | 42 | 156 | 296 | 308 |
| Profit before tax | 9 | 1 | 25 | 12 | 48 | 483 | 1,338 | 1,567 |
| Tax % | -44.0% | -1,064.0% | 49.0% | 23.0% | 39.0% | 24.0% | 19.0% | — |
| Net Profit + | 14 | 9 | 13 | 9 | 29 | 369 | 1,082 | 1,274 |
| EPS in Rs | 13 | 9 | 13 | 8 | 27 | 68 | 16 | 19 |
| Dividend Payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 6.0% | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Balance Sheet
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Reserves | 159 | 168 | 170 | 130 | 158 | 526 | 3,556 |
| Borrowings + | 570 | 603 | 482 | 524 | 1,447 | 2,065 | 360 |
| Other Liabilities + | 134 | 93 | 178 | 173 | 558 | 1,312 | 1,718 |
| Total Liabilities | 873 | 874 | 842 | 838 | 2,173 | 3,914 | 5,772 |
| Fixed Assets + | 593 | 562 | 493 | 323 | 291 | 2,046 | 2,634 |
| CWIP | 1 | 6 | 14 | 93 | 646 | 13 | 10 |
| Investments | 1 | 1 | 1 | 0 | 0 | 257 | 57 |
| Other Assets + | 279 | 305 | 334 | 421 | 1,237 | 1,598 | 3,072 |
| Total Assets | 873 | 874 | 842 | 838 | 2,173 | 3,914 | 5,772 |
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 138 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Cash Flow
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 181 | 75 | 129 | 59 | 234 | 625 | 200 |
| Cash from Investing Activity + | -16 | -24 | 20 | -131 | -1,000 | -986 | -306 |
| Cash from Financing Activity + | -219 | -54 | -84 | 80 | 894 | 397 | 130 |
| Net Cash Flow | -55 | -2 | 65 | 8 | 129 | 36 | 24 |
| CFO/OP | 174 | 71 | 129 | 107 | 207 | 96 | 23 |
| Free Cash Flow | 150 | 54 | 147 | -173 | -440 | -363 | -440 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Shareholding Pattern
Quarter-by-quarter — Promoters, FII, DII & public holding trend
| Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|
| Public | 3.43% | 5.24% | 7.24% |
| Promoters | 80.03% | 80.03% | 80.03% |
| Government | 0.07% | 0.0% | 0.0% |
| FII | 3.97% | 2.45% | 2.92% |
| DII | 12.5% | 12.28% | 9.8% |
Source: Screener.in — quarterly shareholding disclosures.
Peers Comparison
Capital Goods — ranked by market cap
| Company | Market Cap (Cr) | P/E | P/B | ROE |
|---|---|---|---|---|
| Emmvee Photovoltaic Pwr L (this stock) | 23,062 | 18.1 | 6.24 | 50.7% |
| Diamond Power Infra Ltd | 22,795 | 116.0 | -32.87 | — |
| Finolex Cables Ltd | 22,725 | 28.4 | 3.73 | 12.3% |
| Td Power Systems Ltd. | 23,577 | 85.7 | 21.92 | 24.7% |
| Carborundum Universal Ltd | 23,661 | 94.4 | 6.06 | 6.92% |
| Timken India Ltd. | 24,116 | 56.6 | 8.28 | 14.3% |
| Grindwell Norton Limited | 21,899 | 50.2 | 8.66 | 16.2% |
Which Mutual Funds Hold Emmvee Photovoltaic Pwr L?
Frequently Asked Questions about Emmvee Photovoltaic Pwr L
Emmvee Photovoltaic Pwr L (EMMVEE) closed at ₹321.9 on NSE on 25 September 2026, up 4.3 (1.35%) from the previous close.
Emmvee Photovoltaic Pwr L trades on the NSE (National Stock Exchange of India) under the symbol EMMVEE.
Emmvee Photovoltaic Pwr L has a trailing twelve-month P/E (price-to-earnings) ratio of 18.1.
Emmvee Photovoltaic Pwr L has a dividend yield of 0.3%.
Emmvee Photovoltaic Pwr L's 52-week high is ₹372.0 and its 52-week low is ₹172.0.
Emmvee Photovoltaic Pwr L has a market capitalisation of ₹23,062 crore.
Emmvee Photovoltaic Pwr L has a TopFund Quality Score of 66/100 (Good), a composite of profitability, balance-sheet health, growth and valuation. This is an analytical score based on public data, not personalized investment advice — see the full breakdown below before deciding.
Community Sentiment
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