MarketFriction

Himalayan Solar Ltd

NSE HIMALAYAN
₹80.50 +4.82%
NSE close2026-10-09
52 week range73.00 - 86.00
Market cap₹228 Cr.
P/E10.8
IPO 2026 · -22% since Price band 5% Delivery 93.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Mar 2023Mar 2024Mar 2025Mar 2026
Revenue from operations48138142170
Operating costs45130117140
EBITDA382530
EBITDA margin %6%6%18%18%
Depreciation & amortisation0011
Finance costs2133
Non-operating income0011
Pre-tax profit172228
Effective tax rate %29%28%25%25%
Profit after tax151621
Earnings per share (Rs)1.6113.7145.5912.74
Paid out as dividend %0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Revenue CAGR%%53%20%
Profit CAGR%%231%28%
Share price CAGR%%%%
Average return on equity%%67%57%
Mar 2023Mar 2024Mar 2025Mar 2026
Net block (property, plant)1156
Capital work in progress0000
Investments0000
Current & other assets318389152
Total assets338494158
Share capital44416
Reserves & surplus272331
Total debt19242736
Other liabilities & provisions8504075
Equity + liabilities338494158
Mar 2023Mar 2024Mar 2025Mar 2026
Operating cash flow2-64-2
Investing cash flow-2-60-3
Free cash flow (after capex)2-6-1-4
Financing cash flow8417
Net change in cash8-862
Cash conversion (OCF / EBITDA) %72%-65%23%13%
Mar 2023Mar 2024Mar 2025Mar 2026
Return on capital employed %28%58%46%
Receivable days91107170269
Inventory days84591
Payable days441,182
Cash cycle (days)131-484170269
Working capital days-4243782

Fundamentals

Market value₹ 228 Cr.
Last price₹
P/E (trailing)10.8
Book value / share₹
Return on capital45.5 %
Return on equity57.2 %
Dividend yield%
Face value₹ 10.0
Revenue CAGR (TTM)20%
Profit CAGR (TTM)28%
Standalone figures.
Not enough published statements to compute ratios.
Not enough history to build valuation bands (needs two years of profits and prices).
Not enough price history.

Red flags

No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

No quarterly results published.

Activity

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No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
SME scrip is not regularly traded

Quick answers

What is the market cap of Himalayan Solar Ltd?

Himalayan Solar Ltd (HIMALAYAN) has a market capitalisation of Rs 228 Cr. at the 2026-10-09 close.

What is the P/E ratio of Himalayan Solar Ltd?

Himalayan Solar Ltd trades at a P/E of 10.8 on trailing twelve-month profit, at the 2026-10-09 close.

What is the 52-week high and low of Himalayan Solar Ltd?

The 52-week high is Rs 86.00 and the 52-week low is Rs 73.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-09