Reported Earnings • May 20
Full year 2026 earnings released Full year 2026 results: EPS: ₹13.46. Revenue: ₹4.21b (up 28% from FY 2025). Net income: ₹295.7m (up 5.6% from FY 2025). Profit margin: 7.0% (down from 8.5% in FY 2025). The decrease in margin was driven by higher expenses. New Risk • May 20
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (55% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (₹3.12b market cap, or US$32.3m). Announcement • May 08
Sahaj Solar Limited to Report Second Half, 2026 Results on May 16, 2026 Sahaj Solar Limited announced that they will report second half, 2026 results on May 16, 2026 Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹92.25, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 23x in the Machinery industry in India. Total loss to shareholders of 50% over the past year. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹115, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 25x in the Machinery industry in India. Total loss to shareholders of 44% over the past year. New Risk • Jan 24
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (₹3.28b market cap, or US$35.8m). New Risk • Dec 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported September 2024 fiscal period end). High level of non-cash earnings (61% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (₹3.81b market cap, or US$42.3m). Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹143, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 29x in the Machinery industry in India. Total loss to shareholders of 47% over the past year. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹176, the stock trades at a trailing P/E ratio of 24.1x. Average trailing P/E is 31x in the Machinery industry in India. Total loss to shareholders of 32% over the past year. Announcement • Nov 11
Sahaj Solar Limited to Report First Half, 2026 Results on Nov 11, 2025 Sahaj Solar Limited announced that they will report first half, 2026 results on Nov 11, 2025 New Risk • Oct 31
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2024. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported September 2024 fiscal period end). High level of non-cash earnings (61% accrual ratio). Minor Risk Market cap is less than US$100m (₹4.85b market cap, or US$54.6m). Announcement • Sep 09
Sahaj Solar Limited, Annual General Meeting, Sep 29, 2025 Sahaj Solar Limited, Annual General Meeting, Sep 29, 2025, at 12:00 Indian Standard Time. Board Change • Aug 04
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Amita Parikh was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 28
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Amita Parikh was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹308, the stock trades at a trailing P/E ratio of 42.2x. Average trailing P/E is 33x in the Machinery industry in India. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹422, the stock trades at a trailing P/E ratio of 28.9x. Average trailing P/E is 29x in the Machinery industry in India. New Risk • Mar 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (61% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (₹3.41b market cap, or US$39.4m). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹392, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 28x in the Machinery industry in India. New Risk • Feb 21
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 0.4% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (61% accrual ratio). Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Market cap is less than US$100m (₹5.35b market cap, or US$61.8m). Board Change • Jan 13
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Amita Parikh was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 19
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Amita Parikh was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 04
First half 2025 earnings released: EPS: ₹5.06 (vs ₹13.99 in 1H 2024) First half 2025 results: EPS: ₹5.06 (down from ₹13.99 in 1H 2024). Revenue: ₹981.2m (down 30% from 1H 2024). Net income: ₹47.0m (down 58% from 1H 2024). Profit margin: 4.8% (down from 7.9% in 1H 2024). The decrease in margin was driven by lower revenue. Announcement • Sep 30
Teras New and Renewable Energies LLP entered into a share sale agreement to acquire 51% stake in Sustainable Planet Green Energies Private Limited from Sahaj Solar Limited (NSEI:SAHAJSOLAR) for INR 0.38 million. Teras New and Renewable Energies LLP entered into a share sale agreement to acquire 51% stake in Sustainable Planet Green Energies Private Limited from Sahaj Solar Limited (NSEI:SAHAJSOLAR) for INR 0.38 million on September 28, 2024.
The transaction is subject to approval of offer / merger by parent shareholders. The expected completion of the transaction is October 5, 2024. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹578, the stock trades at a trailing P/E ratio of 48.2x. Average trailing P/E is 40x in the Machinery industry in India. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹714, the stock trades at a trailing P/E ratio of 59.6x. Average trailing P/E is 38x in the Machinery industry in India. Board Change • Jul 19
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Amita Parikh was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.