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Ahasolar Technologies Limited

Ahasolar Technologies Limited

BBSE:AHASOLAR
61.20
INR
-3.80
(-5.85%)
197.27MMarket Cap
Ahasolar Technologies Limited
BSE:AHASOLAR
(Bombay Stock Exchange)

Recent

price

61.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2020
2021
2022
2023
2024
2025
2026
TTM
INR
4.17
6.09
55.59
67.72
147.37
202.32
296.99
- -
Revenue per Share
0.07
0.26
2.23
5.18
0.15
-3.36
0.67
- -
Basic EPS, GAAP
-0.7
0.32
-0.72
-2.32
-10.08
-11.94
-15.59
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.07
0.33
2.55
12.94
51.02
47.92
48.59
48.59
Book Value per Share
0.01
0.28
0.89
10.69
45.02
42.59
41.66
41.66
Tangible Book Value per Share
3
3
3
3
3
3
3
3
Basic Weighted Avg Shares
13
19
171
209
419
576
915
- -
Sales/Revenue/Turnover
1.86
5.8
5.34
7.61
-0.95
-2.37
0.18
- -
Operating Margin (%)
- -
- -
- -
2
3
4
3
- -
Depreciation Expense
- -
1
7
16
- -
-10
2
- -
Net Income, GAAP
9.21
26.33
25.86
- -
25.75
- -
37.16
- -
Effective Tax Rate (%)
1.61
4.22
4.01
7.65
0.1
-1.66
0.22
- -
Profit Margin (%)
-5
2
8
29
82
111
50
50
Working Capital
2
2
6
- -
- -
- -
- -
- -
LT Debt
- -
1
8
40
157
148
150
150
Total Equity
- -
24.28
77.73
- -
-2.95
- -
0.66
- -
Return on Invested Capital (%)
- -
27.22
80.28
- -
0.43
- -
1.65
- -
Return on Capital (%)
- -
129.25
154.59
66.89
0.43
-6.27
1.38
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
7
2
9
LT Borrowings
- -
1
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3
3
3
Market Capitalization
278
311
197

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
153
104
100
Cash, Cash Equivalents & STI
71
15
25
Accounts Receivable, Net
59
39
38
Inventories
- -
- -
2
Total Current Liabilities
41
63
50
Payables & Accruals
- -
- -
- -
ST Debt
7
2
9
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
275.44%
1.39%
Free Cash Flow
- -
51.09%
41.44%
Net Income, GAAP
- -
-337.62%
-121.51%
Sales/Revenue/Turnover
- -
206.45%
59.06%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
419
2025
- -
- -
576
2026
- -
- -
915

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.15
2025
- -
- -
-3.36
2026
- -
- -
0.67

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -
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Business
Ahasolar Technologies Ltd, a cleantech company incorporated in 2017 and headquartered in Ahmedabad, Gujarat, India, specializes in digital solutions and advisory services for the renewable energy sector, particularly solar photovoltaic (PV) projects. The company offers an AI-based intelligent Solar Digital Platform as software-as-a-service (SaaS) for solar companies and government agencies, encompassing customer relationship management (CRM), enterprise resource planning (ERP), project management, procurement, monitoring, drone surveys, automation, and e-commerce for solar products; Aha Solar Helper for PV design, site survey, shadow analysis, and project management; Aha Advisory for transactional advisory and technical consultancy on renewable energy projects; and Aha Energy for fractional ownership of renewable assets and decentralized solar scale-up. It operates primarily in India with a pan-India presence across software, advisory, and marketplace verticals targeting solar PV installers, manufacturers, government agencies, and end consumers. Recent developments include a July 2023 initial public offering on the BSE SME raising ₹12.85 crore for solar PV plant development, electric vehicle charging infrastructure, vehicle purchases, working capital, and general purposes; a November 2025 ₹96 lakh three-year consultancy contract with Gujarat Energy Development Agency for operations and maintenance and EV portal development; an August 2025 ₹39 lakh two-year order from GAIL for a floating solar project feasibility report; and an August 2025 project management consultancy for Singareni Collieries' 107 MW solar project, alongside prior contracts such as a 300 MW project with Coal India and a 52 MW project with Bharat Petroleum Corporation.