| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 1,576 | 1,131 | +39.4% |
| EBITDA | 557 | 399 | +39.4% |
| EBITDA margin | 35.3% | 35.3% | 0.0 pts |
| Profit before tax | 465 | 292 | +59.5% |
| Net profit | 382 | 238 | +60.6% |
| EPS | ₹5.52 | ₹4.01 | +37.7% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 |
|---|
| 16,876 | — | |
| 380 | 273 | |
| 177 | 177 | |
| 16,674 | — | |
| 6,023 | 5,050 | |
| 2,089 | 1,734 | |
| 34.7% | 34.3% | |
| 1,768 | 1,439 | |
| 1,418 | 1,082 | |
| 23.5% | 21.4% | |
| ₹20.49 | ₹15.62 | |
| — | 200 | |
| — | −653 | |
| −453 | −453 | |
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|
| Market Capitalization | — | 16,875.9 | |
| - Cash, Equiv & ST Investments | 272.7 | 379.5 | |
| + Total Debt | 177.3 | 177.3 | |
| Enterprise Value | — | 16,673.7 | |
| Revenue | 5,049.9 | 6,023.0 | |
| EBITDA | 1,734.4 | 2,089.5 | |
| Margin % | 34.34 | 34.69 | |
| EBIT | 1,438.7 | 1,767.8 | |
| Net Income | 1,081.6 | 1,418.4 | |
| Margin % | 21.42 | 23.55 | |
| EPS, Adj (current shares) | 15.62 | 20.49 | |
| Cash from Operations | 200.1 | — | |
| Capital Expenditures | -653.3 | — | |
| Free Cash Flow | -453.2 | -453.2 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Emmvee Photovoltaic Power (NSE: EMMVEE) had a market capitalisation of ₹16,872 crore at the 29 October 2026 close (₹243.70 a share), a PE ratio of 11.9 on the last four quarters' profit and a price-to-book ratio of 3.84. In FY26 its consolidated net profit was ₹1,082 crore on revenue of ₹5,050 crore; in Q2 FY27 (July–September 2026) it was ₹382 crore, up 60.6% year on year. Its debt-to-equity ratio was 0.21 on 30 September 2026. Promoters held 80.03% of the shares on 30 September 2026.
Emmvee Photovoltaic Power's PE ratio is 11.9 at the 29 October 2026 close (₹243.70 a share): a market capitalisation of ₹16,872 crore divided by consolidated net profit of ₹1,418 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹1,082 crore) it is 15.6.
Emmvee Photovoltaic Power's price-to-book (PB) ratio is 3.84 at the 29 October 2026 close: a market capitalisation of ₹16,872 crore divided by shareholders' equity (book value) of ₹4,390 crore on 30 September 2026. That is a book value of ₹63.41 per share against a share price of ₹243.70.
Emmvee Photovoltaic Power's net worth — shareholders' equity in its consolidated balance sheet — was ₹4,390 crore on 30 September 2026, up 358.9% from ₹957 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹16,872 crore at the 29 October 2026 close.
Emmvee Photovoltaic Power's market capitalisation was ₹16,872 crore at the 29 October 2026 close: 69.23 crore shares at ₹243.70 each.
No. Emmvee Photovoltaic Power had borrowings of ₹911 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.21. Its cash and current investments were ₹382 crore, so its net debt was ₹529 crore.
Promoters held 80.03% of Emmvee Photovoltaic Power on 30 September 2026, unchanged from the previous quarter, according to the shareholding pattern filed with NSE.
Emmvee Photovoltaic Power's debt-to-equity ratio was 0.21 on 30 September 2026: borrowings of ₹911 crore against total equity of ₹4,390 crore. A year earlier, on 30 September 2025, it was 1.95.
Emmvee Photovoltaic Power's book value per share was ₹63.41 on 30 September 2026: shareholders' equity of ₹4,390 crore divided by the 69.23 crore shares in issue. The share price at the 29 October 2026 close was ₹243.70.
In FY26, Emmvee Photovoltaic Power generated ₹200 crore of cash from operations and spent ₹653 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹453 crore.
Emmvee Photovoltaic Power's basic earnings per share (EPS) were ₹17.17 in FY26.
In 2026, Emmvee Photovoltaic Power has declared one dividend: ₹1 with record date 18 September 2026.
In FY26 (April 2025–March 2026), Emmvee Photovoltaic Power's consolidated net profit was ₹1,082 crore, on revenue from operations of ₹5,050 crore.
On 30 September 2026, Emmvee Photovoltaic Power's shares were held by promoters 80.03%, foreign portfolio investors (FII/FPI) 2.19%, domestic institutions (DII) 9.81% (including mutual funds at 6.24%) and retail and other non-institutional investors 7.97%.
Emmvee Photovoltaic Power's latest results are for Q2 FY27 (July–September 2026), filed on 14 October 2026: consolidated net profit ₹382 crore, up 60.6% from ₹238 crore in Q2 FY26; revenue from operations ₹1,576 crore, up 39.4% year on year.
Emmvee Photovoltaic Power has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
On FY26 consolidated figures, against Waaree Energies, Premier Energies and Elgi Equipments: Emmvee Photovoltaic Power's operating margin of 28.5% is the highest of the four (Waaree Energies 18.5%, Premier Energies 24.6%, Elgi Equipments 12.5%; peer average 18.5%).
At the 29 October 2026 closing prices, on FY26 net profit, Emmvee Photovoltaic Power's PE ratio is 15.6, the lowest of the four: Waaree Energies 18.0, Premier Energies 26.0 and Elgi Equipments 37.7, a peer average of 27.2. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, Emmvee Photovoltaic Power earned net profit of ₹1,082 crore on revenue of ₹5,050 crore, against ₹3,711 crore on ₹26,537 crore for Waaree Energies. Emmvee Photovoltaic Power's operating margin was 28.5% (Waaree Energies 18.5%). At the 29 October 2026 close, Emmvee Photovoltaic Power's market capitalisation was ₹16,872 crore against ₹66,677 crore for Waaree Energies, and its PE ratio on FY26 profit 15.6 against 18.0.
From Emmvee Photovoltaic Power's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.