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Saatvik Green Energy Limited (SAATVIKGL) fair value: what the stock is really worth

As of Oct 1, 2026: fair value of Saatvik Green Energy Limited ₹478, price ₹406, upside +17.8%, quality 50 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
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Technology · IN

SG Some data Sep 27, 2026

Saatvik Green Energy Limited

SAATVIKGL · NSE

SpeculativeUpside exists, but weak quality makes the signal speculative.

✓Fair value ₹477.89 · Undervalued (+17.8%)
!Quality 50/100
!Expensive Growth (revenue 3y +95.5 %/yr)
!Thin margins · 7.9% net margin (TTM)
!Low debt · negative free cash flow
✓Ranks above peers (9/12)
!Moderate moat 62/100
!Evidence only medium, so the estimate is less certain

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

₹551.70 ₹333.65 Fair Value ₹477.89 Sep 2025 Oct 2026

White line = price, green steps = our fair value per fiscal year. As of Sep 27, 2026.

How to read this chart

12‑month range ₹333.65 – ₹551.70 · fair‑value band ₹355.35 – ₹597.36 · the ₹405.55 price screens below the ₹477.89 fair value. As of Sep 27, 2026.

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Company profile

Saatvik Green Energy Limited manufactures and sells solar photovoltaic modules in India and internationally. Its solar energy products include monocrystalline passive emitter and rear cell modules and N-TopCon solar modules for various applications comprising residential, commercial, and utility scale solar projects.

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Saatvik Green Energy Limited manufactures and sells solar photovoltaic modules in India and internationally. Its solar energy products include monocrystalline passive emitter and rear cell modules and N-TopCon solar modules for various applications comprising residential, commercial, and utility scale solar projects. The company also provides solar pumps, such as solar submersible and surface pumps and controllers; and end-to-end engineering, procurement, and construction services for solar projects. In addition, it offers ground-mounted and rooftop solar installation services; and operation and maintenance services. The company was incorporated in 2015 and is based in Gurugram, India.

Stock analysis

Saatvik Green Energy Limited (SAATVIKGL) currently trades at ₹405.55, while our model-based Fair Value estimate is ₹477.89, implying the stock looks roughly 15.1% undervalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of ₹1,230 per share, and 10 of the 14 models we run sit above the ₹405.55 price.

Bear case: the Asset-Based group reads lowest at ₹71.75, and 4 of the 14 models stay below the price. Evidence for this calculation is medium.

Scenario range: ₹355.35 (bear) to ₹597.36 (bull), the price of ₹405.55 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 50/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Saatvik Green Energy Limited reported revenue of ₹45.5B in FY2026 versus ₹4.8B in FY2022, a compound +75.5%/yr. Reported net income was ₹3.6B in FY2026, compounding +178.2%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.

Key figures

Market cap ₹56.0B (≈ $581M) · P/E ratio 13.6 · P/S ratio 1.07 · EPS (TTM) ₹29.76 · Net margin 7.9% · Return on equity 42.1% · Return on assets (EBIT) 14.1% · Operating margin 5.8%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).

What moves the price

The share trades about 26% below its 52-week high and 22% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at 9% fair-value upside, at 18%, SAATVIKGL screens cheaper than that median.

Fair Value models

Bear ₹355.35 Fair Value ₹477.89 Bull ₹597.36
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹15.08 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
EPV ₹222.96 ₹255.32 ₹282.29 71
EV/EBITDA ₹305.13 ₹411.64 ₹518.14 67
ROIC Compounder ₹292.72 ₹446.08 ₹545.11 67
All 14 models by family
Earnings-Based
Graham-Dodd ₹191.15 ₹1,333 ₹1,871 59
Lynch FV ₹688.72 ₹983.88 ₹1,279 57
PEG = 1.0 ₹688.72 ₹983.88 ₹1,279 53
EPV ₹222.96 ₹255.32 ₹282.29 71
Multiples
P/E Multiple ₹379.50 ₹506.00 ₹632.50 63
P/S Multiple ₹358.41 ₹477.89 ₹597.36 58
P/B Multiple ₹144.56 ₹192.75 ₹240.93 55
EV/EBIT ₹408.10 ₹548.93 ₹689.76 66
EV/EBITDA ₹305.13 ₹411.64 ₹518.14 67
EV/Revenue ₹327.36 ₹473.82 ₹620.29 53
Asset-Based
NCAV (Graham) ₹53.54 ₹71.75 ₹107.08 54
Economic Profit
Residual Income ₹157.91 ₹222.59 ₹431.56 61
ROIC Compounder ₹292.72 ₹446.08 ₹545.11 67
Growth Earnings
Growth-Adj P/E ₹860.70 ₹1,230 ₹1,598 63

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Quality Score breakdown

Overall quality 50/100

Of which business quality 49 · Market factors (momentum, volatility) 33

Profitability 72
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 13
Disciplined investing over empire-building
Low Volatility 38
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 28
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+110.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+95.5%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
3.1% (2022) → 10.5% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: rate outside our plausibility band
not computed

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Solar · 104 stocks

Beats the industry median on 9/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 50 · Above median
Fair Value upside +17.8% · Above median
Profitability
Return on equity (TTM) 42.1% · Top 25%
Return on assets 13.6% · Top 25%
Net margin (TTM) 7.9% · Above median
Operating margin (TTM) 5.8% · Above median
Growth and dividend
Revenue growth 74.9% · Top 25%
Balance sheet
Debt / equity 0.16× · Below median

Valuation Multiplesvs Solar median · lower = cheaper

P/E (TTM) 13.6× · Cheapest 25%
P/B 4.11× · Priciest 25%
P/S (TTM) 1.23× · Pricier than median
EV/EBITDA 10.1× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)57 · sector 6
FUTURE (revenue growth)100 · sector 0
PAST (return on equity)100 · sector 0
HEALTH (low debt)92 · sector 82
DIVIDEND (yield)0 · sector 27

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Solar stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
First Solar, Inc FSLR $176.93 $392.06 +122%
Nextpower Inc NXT $80.85 $88.94 +10%
Tongwei Co 600438 ¥11.12 ¥12.13 +9%
Waaree Energies Limited WAAREEENER ₹2,495 ₹2,709 +9%
Jinko Solar Co 688223 ¥3.75 ¥6.49 +73%
Hengdian Group 002056 ¥20.04 ¥31.86 +59%
Hanwha Solutions Corporation 009830 29,200 KRW 9,611 KRW −67%
CSI Solar Co 688472 ¥8.32 ¥4.88 −41%
Enphase Energy, Inc ENPH $30.91 $24.08 −22%
Premier Energies Limited PREMIERENE ₹896.40 ₹648.72 −28%

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Cite: Fair Value Calculator (2026). "Saatvik Green Energy Limited Fair Value". https://www.fairvalue-calculator.com/stock/SAATVIKGL

Frequently asked questions

Is Saatvik Green Energy Limited (SAATVIKGL) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹477.89 versus a price of ₹405.55, about +18% upside (undervalued).
What is the fair value of SAATVIKGL?
Our model-based fair value for Saatvik Green Energy Limited is ₹477.89 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹405.55.
What is the quality score of SAATVIKGL?
Saatvik Green Energy Limited has a Quality Score of 50/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Saatvik Green Energy Limited (SAATVIKGL)?
Our model-based price target is the fair value of ₹477.89 (as of Sep 27, 2026) from 14 valuation models. Cautious scenario ₹355.35, optimistic scenario ₹597.36. It is a calculation from audited fundamentals, not an analyst target.
What is the Saatvik Green Energy Limited stock forecast for 2026?
Our models put fair value at ₹477.89, about +18% upside versus a price of ₹405.55 (undervalued). Cautious scenario ₹355.35, optimistic scenario ₹597.36. The calculation is refreshed regularly with new filings.
What is the revenue of Saatvik Green Energy Limited (SAATVIKGL)?
Saatvik Green Energy Limited reported trailing-twelve-month revenue of about ₹45.5B (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Saatvik Green Energy Limited (SAATVIKGL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Saatvik Green Energy Limited it is ₹477.89 per share (as of Sep 27, 2026), against a price of ₹405.55. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Saatvik Green Energy Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, SAATVIKGL trades below its calculated fair value: price ₹405.55, fair value ₹477.89, a gap of about +18% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SAATVIKGL?
No. The price is what the market pays today (₹405.55); the fair value is what the company's own numbers justify (₹477.89). For Saatvik Green Energy Limited the two are ₹72.34 per share apart. That gap is exactly why we show both numbers side by side.
How much is Saatvik Green Energy Limited worth?
The market values Saatvik Green Energy Limited at about ₹56.0B (market capitalisation, as of Sep 27, 2026). Per share that is ₹405.55; our models calculate a fair value of ₹477.89 per share.
What do the bullish and bearish scenarios say about SAATVIKGL?
Our models span a range for Saatvik Green Energy Limited: cautious scenario ₹355.35, base ₹477.89, optimistic ₹597.36 per share (as of Sep 27, 2026, price ₹405.55). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SAATVIKGL?
Saatvik Green Energy Limited trades at a price-to-earnings ratio of 13.6 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹477.89 is built from several models across several years. Other multiples: P/B 4.1, P/S 1.2, EV/EBITDA 10.1.
How solid is the balance sheet of Saatvik Green Energy Limited (SAATVIKGL)?
Balance-sheet figures for Saatvik Green Energy Limited (as of Sep 27, 2026): return on equity 42.1%, debt of 0.16 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is SAATVIKGL from its 52-week high?
Saatvik Green Energy Limited trades at ₹405.55, about 26% below its 52-week high of ₹551.70 and 22% above the low of ₹333.65 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹477.89 is for.
Which stocks are comparable to Saatvik Green Energy Limited?
From the same area (Technology) we also value First Solar, Inc, Nextpower Inc, Tongwei Co, Waaree Energies Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Saatvik Green Energy Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹405.55, calculated fair value ₹477.89 (+18%), Quality Score 50/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SAATVIKGL calculated?
We run Saatvik Green Energy Limited through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹477.89, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Saatvik Green Energy Limited currently trades 15 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Saatvik Green Energy Limited (SAATVIKGL)?
The closing price on Oct 1, 2026 was ₹405.55. Our model-based fair value is ₹477.89, about +18% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Saatvik Green Energy Limited right now?
The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Key figures of Saatvik Green Energy Limited

How large is the market capitalisation of Saatvik Green Energy Limited (SAATVIKGL)?
The market capitalisation of Saatvik Green Energy Limited is ₹56.0B (≈ $581M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Saatvik Green Energy Limited (SAATVIKGL)?
The price-to-sales ratio of Saatvik Green Energy Limited is 1.07 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Saatvik Green Energy Limited (SAATVIKGL)?
Earnings per share at Saatvik Green Energy Limited are ₹29.76 (price ÷ EPS = P/E 13.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Saatvik Green Energy Limited (SAATVIKGL)?
The net margin of Saatvik Green Energy Limited is 7.9% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Saatvik Green Energy Limited (SAATVIKGL)?
The return on equity (ROE) of Saatvik Green Energy Limited is 42.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Saatvik Green Energy Limited (SAATVIKGL)?
On an EBIT basis the return on assets of Saatvik Green Energy Limited is 14.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Saatvik Green Energy Limited (SAATVIKGL)?
The operating margin of Saatvik Green Energy Limited is 5.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Saatvik Green Energy Limited (SAATVIKGL)?
Revenue at Saatvik Green Energy Limited is growing +74.9% versus a year earlier (3y avg +95.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Saatvik Green Energy Limited (SAATVIKGL)?
Earnings per share at Saatvik Green Energy Limited are growing −38.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Saatvik Green Energy Limited (SAATVIKGL) generate?
The free cash flow of Saatvik Green Energy Limited is −₹6.3B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Saatvik Green Energy Limited (SAATVIKGL) carry?
The net debt of Saatvik Green Energy Limited is ₹8.5B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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