Price
Financials
Standalone, Rs crore| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 329 | 339 | 480 | 597 | 568 | 588 | 901 | 1,346 |
| Expenses | 279 | 286 | 401 | 491 | 465 | 479 | 729 | 1,091 |
| Operating Profit | 50 | 52 | 79 | 106 | 103 | 110 | 171 | 255 |
| OPM % | 15% | 15% | 16% | 18% | 18% | 19% | 19% | 19% |
| Other Income | 2 | 0 | 7 | 0 | 2 | 0 | 3 | -141 |
| Interest | 6 | 8 | 9 | 9 | 12 | 12 | 10 | 11 |
| Depreciation | 4 | 5 | 6 | 7 | 8 | 9 | 21 | 25 |
| Profit before tax | 42 | 40 | 72 | 90 | 85 | 89 | 144 | 78 |
| Tax % | 25% | 26% | 29% | 25% | 26% | 25% | 26% | 26% |
| Net Profit | 32 | 30 | 51 | 68 | 63 | 67 | 106 | 58 |
| EPS in Rs | 12.99 | 1.07 | 1.83 | 2.41 | 2.25 | 2.20 | 3.47 | 1.88 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 299 | 405 | 506 | 664 | 925 | 1,541 | 2,654 | 3,403 |
| Expenses | 272 | 367 | 461 | 612 | 826 | 1,292 | 2,162 | 2,764 |
| Operating Profit | 28 | 38 | 45 | 52 | 99 | 249 | 493 | 639 |
| OPM % | 9% | 9% | 9% | 8% | 11% | 16% | 19% | 19% |
| Other Income | 3 | 3 | 1 | 1 | 3 | 9 | 3 | -136 |
| Interest | 2 | 2 | 5 | 16 | 26 | 27 | 44 | 45 |
| Depreciation | 13 | 13 | 1 | 6 | 13 | 18 | 44 | 62 |
| Profit before tax | 15 | 26 | 40 | 31 | 63 | 213 | 408 | 396 |
| Tax % | 29% | 25% | 28% | 23% | 28% | 27% | 25% | |
| Net Profit | 11 | 20 | 29 | 24 | 45 | 156 | 304 | 294 |
| EPS in Rs | 7.85 | 14.48 | 20.91 | 17.86 | 18.46 | 5.58 | 9.93 | 9.80 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 46% | 59% | 95% | ||
| Compounded Profit Growth | % | 73% | 132% | 131% | ||
| Stock Price CAGR | % | % | % | % | ||
| Return on Equity | % | 34% | 37% | 37% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 25 | 28 | 31 |
| Reserves | 11 | 31 | 167 | 179 | 215 | 369 | 1,243 |
| Borrowings | 125 | 142 | 141 | 215 | 205 | 395 | 520 |
| Other Liabilities | 46 | 55 | 77 | 106 | 166 | 222 | 551 |
| Total Liabilities | 195 | 241 | 400 | 515 | 610 | 1,014 | 2,344 |
| Fixed Assets | 89 | 83 | 114 | 232 | 276 | 418 | 673 |
| CWIP | 0 | 0 | 0 | 8 | 0 | 0 | 201 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 106 | 158 | 286 | 274 | 334 | 596 | 1,469 |
| Total Assets | 195 | 241 | 400 | 515 | 610 | 1,014 | 2,344 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -10 | -58 | 78 | 85 | 18 | -3 | |
| Cash from Investing Activity | -7 | -46 | -132 | -45 | -118 | -520 | |
| Cash from Financing Activity | 16 | 104 | 54 | -37 | 104 | 654 | |
| Net Cash Flow | -2 | -0 | 0 | 4 | 4 | 131 | |
| Free Cash Flow | -18 | -91 | -60 | 38 | -99 | -515 | |
| CFO/OP | -12% | -97% | 156% | 94% | 25% | 22% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 44 | 41 | 28 | 16 | 26 | 17 | 19 |
| Inventory Days | 66 | 85 | 174 | 136 | 124 | 128 | 180 |
| Days Payable | 47 | 43 | 45 | 52 | 61 | 40 | 71 |
| Cash Conversion Cycle | 64 | 82 | 158 | 100 | 88 | 105 | 128 |
| Working Capital Days | 43 | 44 | 40 | 6 | 11 | 22 | 59 |
| ROCE % | 17% | 18% | 13% | 21% | 39% | 35% |
| Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|
| Promoters | 86.76% | 86.76% | 86.63% |
| FIIs | 2.50% | 1.93% | 1.63% |
| DIIs | 4.72% | 5.60% | 5.98% |
| Public | 6.01% | 5.70% | 5.76% |
| No. of Shareholders | 97,968 | 80,691 | 60,134 |
Fundamentals
Market Cap₹ 12,512 Cr.
Current Price₹ 408
Stock P/E29.9
Book Value₹ 41.6
ROCE35.1 %
ROE36.6 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)95%
Compounded Profit Growth (TTM)131%
Standalone figures.
Valuation
Market capRs 12,327 Cr
Enterprise valueRs 12,528 Cr
P/E (TTM)49.50x
Price to book63.84x
Price to sales5.52x
EV / EBITDA30.71x
EV / EBIT33.07x
EV / sales5.61x
Price to cash flow158.28x
Earnings yield2.02%
Profitability
Operating margin (excl. other income)7.83%
Operating margin (incl. other income)8.02%
EBITDA margin18.26%
Pre-tax margin15.03%
Net profit margin11.15%
Net margin, latest quarter11.44%
ROE13.03%
ROCE12.93%
ROA5.33%
ROE, 3-year average32.00%
ROCE, 3-year average15.71%
ROA, 3-year average7.77%
ROIC (approx.)74.27%
Tax rate22.59%
Other income / net worth0.64%
Growth
Sales growth (latest year)31.04%
Profit growth (latest year)-14.61%
Sales CAGR, 3 years30.38%
Profit CAGR, 3 years31.53%
Sales growth QoQ3.62%
Profit growth QoQ7.01%
Sales growth YoY (latest quarter)73.80%
Profit growth YoY (latest quarter)124.29%
Per share
EPS (TTM)Rs 8.11
EPS (latest year)Rs 17.86
EPS (latest quarter)Rs 2.19
EPS, 3-year averageRs 17.75
Book value per shareRs 6.29
Sales per shareRs 72.80
Cash flow per shareRs 2.54
Free cash flow per shareRs -16.78
Efficiency
Asset turnover1.29x
Fixed asset turnover2.86x
Inventory turnover2.77x
Inventory days132 days
Debtor days16 days
Debtors turnover23.25x
Creditor days71 days
Cash conversion cycle128 days
Working capital days59 days
Leverage
Total debtRs 215 Cr
Cash and bankRs 14 Cr
Net debtRs 202 Cr
Debt to equity1.12x
Net debt / EBITDA0.49x
Interest coverage8.79x
Current ratio (filing 2026-03-31)1.72x
Quick ratio (filing 2026-03-31)0.61x
Trade payables (filing 2026-03-31)Rs 360 Cr
Owners' fund to total sources37.53%
Debt to assets41.85%
Cash flow
Cash from Operating Activity (latest year)Rs 78 Cr
Cash from Investing Activity (latest year)Rs -132 Cr
Cash from Financing Activity (latest year)Rs 54 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -515 Cr
FCFE (approx.: FCF + change in debt)Rs -441 Cr
Cash from ops / profit, 5 years0.22x
Sales to cash flow8.52x
Statement figures
Net sales (TTM)Rs 2,234 Cr
Net sales (latest year)Rs 664 Cr
Sales (latest quarter)Rs 588 Cr
Operating profit excl. other income (latest year)Rs 52 Cr
Operating profit (latest quarter)Rs 110 Cr
Other income (TTM)Rs 10 Cr
EBITDA (TTM)Rs 408 Cr
PBDT (TTM)Rs 365 Cr
Profit before tax (TTM)Rs 336 Cr
Tax (latest year)Rs 7 Cr
Net profit (TTM)Rs 249 Cr
Net profit (latest year)Rs 24 Cr
Net profit (latest quarter)Rs 67 Cr
Depreciation (TTM)Rs 29 Cr
Depreciation (latest quarter)Rs 9 Cr
Interest (TTM)Rs 43 Cr
Cost of goods sold (latest year)Rs 518 Cr
Total expenditure (latest year)Rs 612 Cr
Total income (latest year)Rs 665 Cr
Share capitalRs 14 Cr
ReservesRs 179 Cr
Shareholders' fundsRs 193 Cr
Total assetsRs 515 Cr
Net blockRs 232 Cr
Capital work in progressRs 8 Cr
ReceivablesRs 29 Cr
InventoryRs 187 Cr
Other liabilitiesRs 106 Cr
Shares outstanding (crore)30.69
Ownership
Promoter holding86.63%
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | UTLSOLAR | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -7.3% | -2.8% | -4.5 pts |
| 1 month | -8.5% | -6.8% | -1.7 pts |
| 3 months | +17.2% | -7.6% | +24.8 pts |
| 6 months | +103.4% | +0.4% | +103.0 pts |
16 mutual fund schemes hold about ₹354 Cr.
Over three months 14 bought more and 1 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| Nippon India Small Cap Fund | 0.18% | 153 | -23% |
| Nippon India Power & Infra Fund | 0.68% | 55 | -3% |
| Tata Retirement Sav Fund - Prog Plan | 2.04% | 46 | +17% |
| Tata Retirement Sav Fund - Mod Plan | 1.49% | 34 | +18% |
| Tata Resources & Energy Fund | 1.75% | 25 | +18% |
| Motilal Oswal Consumption Fund | 1.77% | 21 | +100% |
| JM Value Fund | 1.50% | 12 | +33% |
| Motilal Oswal Nifty Microcap 250 Index Fund | 0.18% | 4 | +13% |
| Unifi Flexi Cap Fund | 1.33% | 3 | +100% |
| Tata Retirement Sav Fund - Cons Plan | 0.63% | 1 | +20% |
| Motilal Oswal BSE Clean Environment Index Fund | 0.48% | 0 | +33% |
| Groww Nifty Total Market Index Fund | 0.01% | 0 | +14% |
| Angel One Nifty Total Market Index Fund | 0.01% | 0 | +14% |
| Motilal Oswal BSE 1000 Index Fund | 0.01% | 0 | +14% |
| Mirae Asset Nifty Total Market Index Fund | 0.01% | 0 | +14% |
| Bandhan Nifty Total Market Index Fund | 0.01% | 0 | +14% |
Red flags
F-score 5 of 8| explain | Weak cash conversion Cash from operations was 13% of net profit over the last 3 years |
| explain | Debt up, profit down Borrowings up 52% while net profit fell in 2026 |
| look | Auditor change Auditor change 2026-08-13: Fujiyama Power Systems Limited has informed the Exchange regarding Change in Auditors of the company. |
| look | Regulator order or action Regulator order or action 2026-01-09: Fujiyama Power Systems Limited has informed the Exchange about an order received pursuant to Regulation 30 of the SEBI (Listing Obligations |
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
Jun 2026Sales ₹1,346 Cr +125.5% vs Jun 2025.
Net profit ₹58 Cr -14.7%.
Activity
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| Avalon Technologies Ltd | 15,396 | 115 | 19.3 % |
| Genus Power Infrastructures Ltd | 8,934 | 13.7 | 25.3 % |
| Waaree Renewable Technologies Ltd | 8,574 | 16.8 | 85.0 % |
| Vikram Solar Ltd | 5,801 | 16.1 | 30.6 % |
| Ram Ratna Wires Ltd | 5,450 | 42.1 | 23.6 % |
| Saatvik Green Energy Ltd | 5,249 | 21.1 | 32.9 % |
| Shilchar Technologies Ltd | 4,613 | 33.5 | 50.7 % |
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No bulk or block deals on record.
No corporate actions on record.
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.
Close to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 100perc in previous 6 monthsHigh low price variation greater than 150perc in previous 12 months
Quick answers
What is the market cap of Fujiyama Power Systems Ltd?
Fujiyama Power Systems Ltd (UTLSOLAR) has a market capitalisation of Rs 12,512 Cr. at the 2026-10-01 close.
What is the P/E ratio of Fujiyama Power Systems Ltd?
Fujiyama Power Systems Ltd trades at a P/E of 29.9 on trailing twelve-month profit, at the 2026-10-01 close.
What were Fujiyama Power Systems Ltd's latest quarterly results?
In the Jun 2026 quarter, Fujiyama Power Systems Ltd sales was Rs 1,346 Cr (+125.5% vs Jun 2025) and net profit was Rs 58 Cr.
What is the 52-week high and low of Fujiyama Power Systems Ltd?
The 52-week high is Rs 494.25 and the 52-week low is Rs 172.00.