Fujiyama Power Systems (UTL Solar) UTLSOLAR
Rooftop solar inverters, panels and batteries sold under the UTL Solar and Fujiyama Solar brands (listed Nov 2025; NSE symbol UTLSOLAR)
Mapped in 1 theme: Solar Module Manufacturing (ALMM).
Where Fujiyama Power Systems (UTL Solar) sits in the supply chain
Fujiyama Power Systems (UTL Solar) appears in 1 supply-chain layer in one theme, Solar Module Manufacturing (ALMM).
Solar Module Manufacturing (ALMM) › Power Conditioning & Inverters
Direct supplierOther companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | 2,655 |
| Net profit | — | — | — | — | 304 |
Latest-year revenue ₹2,655 Cr (FY26, company-wide).
Note: Screener has no FY22-FY25 results for this company (it shows FY20, FY21 and FY26 only), so those years are left blank.
Strengths
- One of the few listed Indian makers selling solar inverters (on-grid, off-grid and hybrid) at scale - over 6.6 lakh inverters sold in the three years to Jun 2025
- Rooftop demand from PM Surya Ghar pulls its inverters, panels and batteries together as one kit
Risks
- Rooftop and retail focus - not a supplier of utility-scale central inverters, where Chinese brands dominate
- Power electronics components are largely imported, and the product mix (inverters vs panels and batteries) shifts year to year
Common questions
What does Fujiyama Power Systems (UTL Solar) do?
Rooftop solar inverters, panels and batteries sold under the UTL Solar and Fujiyama Solar brands (listed Nov 2025; NSE symbol UTLSOLAR).
Where does Fujiyama Power Systems (UTL Solar) sit in the supply chain?
Fujiyama Power Systems (UTL Solar) (NSE: UTLSOLAR) is mapped in 1 supply-chain layer: Power Conditioning & Inverters (Solar Module Manufacturing (ALMM)).
Who are Fujiyama Power Systems (UTL Solar)'s peers?
In the Power Conditioning & Inverters layer of Solar Module Manufacturing (ALMM): Servotech Renewable Power System and Waaree Energies.
What is Fujiyama Power Systems (UTL Solar)'s market cap and valuation?
As of 6 Nov 2026: market cap ₹10,811 Cr, P/E 28.9x, dividend yield 0%.