Agni Green Power Ltd.

Agni Green Power Ltd.

NNSE:AGNI
14.20
INR
+0.65
(+4.80%)
298.88MMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
15.99
11.41
17.63
7.88
13.78
18.05
21.03
19.76
- -
Basic EPS, GAAP
1.14
0.05
0.05
0.11
-0.88
0.2
0.32
0.43
- -
Free Cash Flow per Basic Share
-0.78
-0.44
-0.57
1.03
-0.89
-0.18
0.65
-1.19
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
13.41
13.46
13.51
13.63
15.59
15.79
16.11
16.54
16.54
Tangible Book Value per Share
13.28
13.33
13.44
13.58
15.56
15.77
16.1
16.53
16.53
Basic Weighted Avg Shares
20
20
20
20
16
20
20
20
20
Sales/Revenue/Turnover
312
223
344
154
220
353
411
386
- -
Operating Margin (%)
10.23
1.54
2.6
15.17
5.69
5.61
6.28
9.58
- -
Depreciation Expense
5
6
8
3
2
2
3
2
- -
Net Income, GAAP
22
1
1
2
-14
4
6
8
- -
Effective Tax Rate (%)
24.37
58.83
23.84
25.99
- -
26
26
26
- -
Profit Margin (%)
7.15
0.46
0.31
1.42
-6.41
1.09
1.53
2.19
- -
Working Capital
145
150
98
151
184
163
175
157
157
LT Debt
15
18
21
24
19
9
17
10
10
Total Equity
262
263
264
266
305
308
315
323
323
Return on Invested Capital (%)
- -
0.59
1.78
0.85
- -
3.45
4.36
4.86
- -
Return on Capital (%)
- -
1.23
2.98
2.73
- -
4.08
4.96
5.25
- -
Return on Common Equity (%)
- -
0.39
0.4
0.83
-4.95
1.25
2.01
2.65
- -

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
109
19
155
LT Borrowings
17
89
10
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
20
20
20
Market Capitalization
356
545
299

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
332
335
366
Cash, Cash Equivalents & STI
5
1
3
Accounts Receivable, Net
247
256
305
Inventories
55
48
38
Total Current Liabilities
157
84
209
Payables & Accruals
- -
- -
- -
ST Debt
109
19
155
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
4.24%
2.68%
Free Cash Flow
- -
-256.39%
-282.97%
Net Income, GAAP
- -
-133.4%
34.75%
Sales/Revenue/Turnover
- -
11.67%
-6.04%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
353
2025
- -
- -
411
2026
- -
- -
386

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.2
2025
- -
- -
0.32
2026
- -
- -
0.43

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Kanak Mukhopadhyay
Full Time Employees
102
Sector
Utilities
Industry
Electric utilities
Address
18, BB Ganguly Street, 4th Floor Kolkata WB India 700012
IPO Date
Aug 1, 2022
Business
Agni Green Power Ltd. is an India-based company that executes turn-key solar photovoltaic (PV) power plant projects, providing engineering, procurement, construction, installation, commissioning, operation, and maintenance services for both standalone and grid-connected PV systems ranging from a few watts to several megawatts. The company offers a comprehensive range of solar products and services, including solar lighting systems; balance of systems (BOS); solar streetlights; power conditioning units; solar inverters such as hybrid and grid-connected models; maximum power point tracking (MPPT) chargers; remote monitoring and diagnostic systems; PV junction boxes; control panels; digital DC energy meters; solar adapters/solarizers; solar generators; charge controllers; solar pumps and pump controllers; solar power packs; and EPC services for solar projects. It also provides solar consultancy, feasibility studies, and comprehensive training programs on solar PV system skills. Incorporated in 1995 and headquartered in Kolkata, West Bengal, the company manufactures high-quality power conditioning units and BOS systems at its modernized factory in Howrah, West Bengal, and operates across multiple Indian states including Chhattisgarh, Tripura, Assam, Mizoram, and Jharkhand, with recent project expansions into Nepal. Agni Green Power holds ISO 9001:2015, ISO 14001:2015, and OH&S 45001:2018 certifications and serves as a registered channel partner of the Ministry of New & Renewable Energy, Government of India, for off-grid solar PV applications. In recent developments, the company secured a work order worth INR 1.04 crore from Jagdamba Enterprises in Nepal for rooftop solar projects in September 2025, marking its entry into international markets with a four-month execution timeline. It continues to report improving profitability, with net profit rising to INR 0.63 crore for the fiscal year ended March 2025 from INR 0.38 crore the prior year, alongside revenue growth to INR 41.1 crore. The company listed on the stock exchanges via an initial public offering in July 2022 and maintains a promoter holding of approximately 70.6%.