Saatvik Green Energy SAATVIKGL
Solar Module Manufacturing (ALMM): Solar module maker (Ambala, Haryana) building an integrated cell and module plant in Odisha (listed Sep 2025)
Mapped in 2 themes: Solar Module Manufacturing (ALMM) and Energy Generation.
Where Saatvik Green Energy sits in the supply chain
Saatvik Green Energy appears in 3 supply-chain layers across 2 themes: Solar Module Manufacturing (ALMM) and Energy Generation.
Solar Module Manufacturing (ALMM) › Solar Cell Manufacturing
Emerging entrantSolar module maker (Ambala, Haryana) building an integrated cell and module plant in Odisha (listed Sep 2025)
Other companies in this layer
Solar Module Manufacturing (ALMM) › Solar Module Assembly
Direct supplierSolar module maker (Ambala, Haryana) building an integrated cell and module plant in Odisha (listed Sep 2025)
Other companies in this layer
Energy Generation › Solar Equipment & EPC
Direct supplierSolar module maker adding an integrated cell and module plant in Odisha (listed Sep 2025)
Other companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | — | 609 | 1,088 | 2,158 | 4,548 |
| Net profit | — | 5 | 100 | 217 | 357 |
Latest-year revenue ₹4,548 Cr (FY26, company-wide).
Note: years before its listing or not on Screener left blank.
Strengths · in Solar Module Manufacturing (ALMM)
- Fast-growing ALMM-listed module maker, with module capacity rising from 3.8 GW (Mar 2025) to 4.8 GW
- Odisha plant adds 4.8 GW of cells and 4 GW of modules, moving it from module-only assembly toward the better-protected cell layer
Risks · in Solar Module Manufacturing (ALMM)
- Module-only today, so it buys cells while domestic cell supply is tight under List-II
- Cell plant is not due until FY27 - until then it competes in the most crowded layer of the chain
Common questions
What does Saatvik Green Energy do?
In Solar Module Manufacturing (ALMM): Solar module maker (Ambala, Haryana) building an integrated cell and module plant in Odisha (listed Sep 2025). NextResearch maps it in 2 supply chains: Solar Module Manufacturing (ALMM) and Energy Generation.
Where does Saatvik Green Energy sit in the supply chain?
Saatvik Green Energy (NSE: SAATVIKGL) is mapped in 3 supply-chain layers: Solar Cell Manufacturing (Solar Module Manufacturing (ALMM)), Solar Module Assembly (Solar Module Manufacturing (ALMM)) and Solar Equipment & EPC (Energy Generation).
Who are Saatvik Green Energy's peers?
In the Solar Module Assembly layer of Solar Module Manufacturing (ALMM): Waaree Energies, Premier Energies, Adani Enterprises, Vikram Solar, Insolation Energy, Emmvee Photovoltaic Power and 1 more.
What is Saatvik Green Energy's market cap and valuation?
As of 6 Nov 2026: market cap ₹4,577 Cr, P/E 24.3x, ROCE 33.0%, ROE 42.3%, dividend yield 0%.