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Saatvik Green Energy Limited (SAATVIKGL) Fair Value & Analysis

Technology · IN · Market cap ₹56.0B

SG Saatvik Green Energy Limited SAATVIKGL · NSE
Price₹402.65
Fair Value₹699.71
Upside+73.8%
Quality50/100
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Expensive Growth
Thin margins · 7.9% net margin
Low debt · negative free cash flow
Ranks above peers (10/12)
Moderate moat 62/100
Evidence: Medium Range ₹508.00 – ₹891.42 Share as image

Fair value as of: Aug 16, 2026

From 14 valuation models · updated 2 days ago

Share price −13.7% over the past month.

A solid business, screening 74% undervalued on our models.

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What matters now

  • The price is below even our cautious bear case (₹508.00). The market is more pessimistic than our downside scenario.
  • Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (11 months)

₹551.70 ₹333.65 Fair Value ₹699.71 Sep 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 16, 2026.

How to read this chart

11‑month range ₹333.65 – ₹551.70 · fair‑value band ₹508.00 – ₹891.42 · the ₹402.65 price screens below the ₹699.71 fair value. As of Aug 16, 2026.

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Analysis

Saatvik Green Energy Limited (SAATVIKGL) currently trades at ₹402.65, while our model-based Fair Value estimate is ₹699.71, implying the stock looks roughly 73.8% undervalued today. The Quality Score stands at 50/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Saatvik Green Energy Limited generated revenue of ₹45.5B at a net margin of 7.9%. Revenue grew 74.9% year over year. It earns a return on equity of 42.1%. Net debt stands at ₹8.5B. Fundamentals as of Aug 16, 2026

Our scenario range runs from ₹508.00 (bear case) to ₹891.42 (bull case); at ₹402.65, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 29% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -6% fair-value upside, at 74%, SAATVIKGL screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
ROIC Compounder ₹374.70 ₹622.10 ₹805.35 72
Growth-Adj P/E ₹994.51 ₹1,421 ₹1,847 68
P/E Multiple ₹590.33 ₹787.11 ₹983.88 63
All 14 models by family
Earnings-Based
Graham-Dodd ₹191.15 ₹1,333 ₹1,871 54
Lynch FV ₹688.72 ₹983.88 ₹1,279 50
PEG = 1.0 ₹688.72 ₹983.88 ₹1,279 46
EPV ₹268.16 ₹315.26 ₹356.46 59
Multiples
P/E Multiple ₹590.33 ₹787.11 ₹983.88 63
P/S Multiple ₹358.41 ₹477.89 ₹597.36 58
P/B Multiple ₹358.41 ₹477.89 ₹597.36 55
EV/EBIT ₹661.60 ₹886.93 ₹1,112 53
EV/EBITDA ₹560.75 ₹752.46 ₹944.17 54
EV/Revenue ₹327.36 ₹473.82 ₹620.29 43
Asset-Based
NCAV (Graham) ₹53.54 ₹71.75 ₹107.08 50
Economic Profit
Residual Income ₹195.98 ₹266.57 ₹1,743 61
ROIC Compounder ₹374.70 ₹622.10 ₹805.35 72
Growth Earnings
Growth-Adj P/E ₹994.51 ₹1,421 ₹1,847 68

Widest divergence: Growth Earnings (₹1,421) versus Asset-Based (₹71.75). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) ₹45.5B
Revenue growth (YoY) +74.9%
Net margin 7.9%
Return on equity 42.1%
Free cash flow −₹6.3B FY2026
P/E ratio 13.5
More key figures
Operating margin 5.8%
EPS (TTM) ₹29.76
EPS growth (YoY) -38.0%
Net debt ₹8.5B FY2026

Figures from reported company fundamentals · as of Aug 16, 2026. TTM = trailing twelve months.

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 36
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 28
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

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.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹45.5B
Latest YoY
+110.7%
Avg. growth/yr (3Y) 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.
+95.5%
Revenue +75.5%/yr
FY22 ₹4.8B
FY23 ₹6.1B
FY24 ₹10.9B
FY25 ₹21.6B
FY26 ₹45.5B
Net income +178.2%/yr
FY22 ₹59.6M
FY23 ₹47.5M
FY24 ₹1.0B
FY25 ₹2.2B
FY26 ₹3.6B

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

Peer Group

Solar · 115 stocks

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.

Quality Score 50 · Top 25%
Fair Value upside +74% · Top 25%
Return on equity (TTM) 42% · Top 25%
Return on assets 14% · Top 25%
Net margin (TTM) 8% · Top 25%
Operating margin (TTM) 6% · Above median
Revenue growth 75% · Top 25%
Debt / equity 0.16× · Lower than median

Valuation Multiples vs Solar median · lower = cheaper

P/E (TTM) 13.5× · Cheaper than 75% of peers
P/B 4.11× · Pricier than 75% of peers
P/S (TTM) 1.23× · Pricier than median
EV/EBITDA 10.1× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 25
FUTURE 100 · sector 0
PAST 100 · sector 0
HEALTH 92 · sector 85
DIVIDEND 0 · sector 30

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Solar stocks, each showing price versus our Fair Value estimate (as of Aug 16, 2026).

Stock Price Fair Value vs Fair Value
First Solar, Inc FSLR $240.91 $392.12 +63%
Nextpower Inc NXT $103.67 $69.61 -33%
Waaree Energies Limited WAAREEENER ₹2,668 ₹2,709 +2%
Tongwei Co 600438 ¥12.89 ¥12.13 -6%
Jinko Solar Co 688223 ¥4.52 ¥6.47 +43%
Enphase Energy, Inc ENPH $40.77 $24.15 -41%
CSI Solar Co 688472 ¥10.28 ¥6.76 -34%
Hengdian Group 002056 ¥22.35 ¥31.86 +43%
Premier Energies Limited PREMIERENE ₹1,017 ₹648.94 -36%
Trina Solar Co 688599 ¥13.64 ¥7.97 -42%

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Frequently asked questions

Is Saatvik Green Energy Limited (SAATVIKGL) overvalued or undervalued?
As of Aug 16, 2026, our model estimates a fair value of ₹699.71 versus a price of ₹402.65, about +74% (undervalued).
What is the fair value of SAATVIKGL?
Our model-based fair value for Saatvik Green Energy Limited is ₹699.71 (as of Aug 16, 2026), built from audited fundamentals. The current price is ₹402.65.
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 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 Aug 16, 2026).
What is the net profit margin of SAATVIKGL?
The net profit margin of Saatvik Green Energy Limited is about 7.9%, meaning it keeps roughly 7.9% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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