Ravindra Energy vs First Solar: Fair Value & Quality
Both stocks run through our valuation models. Here is how Ravindra Energy (RELTD) and First Solar (FSLR) compare, as of Aug 18, 2026.
As of Aug 18, 2026, Fair Value Calculator sees First Solar as the more attractively valued of the two: Ravindra Energy trades at ₹160 versus a fair value of ₹81.14 (-49%), while First Solar trades at $218 versus $392 (+80%).
Ravindra Energy
RELTD.NSE · INR · Technology
-49%
upside to fair value
overvalued
Price₹160
Fair Value₹81.14
Quality42/100
First Solar
FSLR · USD · Information Technology
+80%
upside to fair value
undervalued
Price$218
Fair Value$392
Quality65/100
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Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Ravindra EnergyFirst Solar
Valuation
35.9×P/E (TTM)14.7×
6.13×P/S (TTM)4.52×
7.88×P/B2.57×
26.0×EV/EBITDA9.7×
—PEG0.60×
Profitability
15%Net margin31%
-6%Operating margin33%
20%Return on equity18%
7%Return on assets8%
Growth
-34%Revenue growth (YoY)24%
29.1%Avg. growth/yr (3Y)25.8%
—Avg. growth/yr (5Y)14.0%
Balance & size
0.41×Debt / equity0.03×
$350MMarket cap$24B
expensiveGrowth qualityhealthy
First Solar leads: 2 to 9 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Ravindra Energyof which business quality 45 · market factors 49First Solarof which business quality 66 · market factors 33
ProfitabilityMargins and returns on capital today
49
56
Quality GrowthAre margins and returns improving?
97
54
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
0
14
Low VolatilityCalm price path (market factor)
27
9
MomentumPrice trend over the last 3–12 months (market factor)
61
43
52W MomentumDistance to the 52-week high (market factor)
52
45
Net IssuanceBuybacks instead of dilution
0
80
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Ravindra Energy
Earnings-Based₹142
Multiples₹91.60
Asset-Based₹14.26
Economic Profit₹63.48
Growth Earnings₹206
12 of 14 models see the stock below the current price.
First Solar
DCF Models$463
Earnings-Based$310
Multiples$318
Asset-Based$59.47
Growth DCF$348
Economic Profit$202
Growth Earnings$471
3 of 24 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Ravindra Energy
Bear ₹55.90Fair Value ₹81.14Bull ₹106
₹160 = current price (white tick)
First Solar
Bear $224Fair Value $392Bull $485
$218 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Ravindra Energy · Technology
Quality score42 · below median
Fair value upside-49% · below median
First Solar · Information Technology
Quality score65 · Top 25%
Fair value upside+80% · Top 25%
Bottom line
As of Aug 18, 2026, Fair Value Calculator sees First Solar as the more attractively valued of the two: Ravindra Energy trades at ₹160 versus a fair value of ₹81.14 (-49%), while First Solar trades at $218 versus $392 (+80%).
First Solar has the higher quality score (65/100).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
