NSE EMMVEE · BSE 544608 · Semiconductors · NIFTY 500

Emmvee Photovoltaic Power Share Price

Market closed · NSE price as of Mon 28 Sep
₹315.55 ▼ −₹6.34 · 1.97%
Day range · 28 Sep
₹315.00Low₹322.45High
52-week range
₹171.50Low · 18 Dec 2025₹371.45High · 16 Jul 2026

Emmvee Photovoltaic Power Overview

Where the price stands, how it has moved and how it sits against its averages.

Emmvee Photovoltaic Power shares last traded at ₹315.55 on the NSE, down 1.97% on the day. That is 15.0% below the 52-week high of ₹371.45 and 84.0% above the 52-week low of ₹171.50. The stock trades at 17.11× earnings, below the sector average of 65.42. Its market value is ₹21,802 Cr.

NSE closing prices — daily for the last year, weekly before that — ending at the latest price (Mon 28 Sep). Hover, tap or use the arrow keys to read a day.

Price returns

1 Day▼ −1.97%
1 Week▼ −7.35%
This month▼ −1.93%
3 Months▼ −6.43%
6 Months▲ +41.31%
This year▲ +64.05%

Against the market: 1 Month ▲ +3.85% · 3 Months ▼ −0.41% · 6 Months ▲ +43.55% · This year ▲ +93.00%

Shading grows with the size of the move. We ask our data provider for a newer price every 15 minutes while the market is open (9:15 AM–3:30 PM IST); next check from Mon 26 Oct, 9:15 AM. Its quotes are not real-time — the time at the top shows how current the price is.

Moving averages — price is above 1 of 6

  1. 5-day average₹330.59 ▼ price 4.5% below
  2. 10-day average₹330.27 ▼ price 4.5% below
  3. 20-day average₹328.61 ▼ price 4.0% below
  4. 50-day average₹326.02 ▼ price 3.2% below
  5. 100-day average₹320.16 ▼ price 1.4% below
  6. Today's price₹315.55
  7. 300-day average₹266.67 ▲ price 18.3% above

Each average is the mean closing price over that many trading days; averages above the current price sit higher on the ladder.

Emmvee Photovoltaic Power Financial Results

Revenue and net profit in ₹ crore, with the full statements underneath.

Revenue₹ crore
5,050
Net profit₹ crore · losses below zero
1,082

Year by year

Fiscal yearRevenueGrowthNet profitNet marginEPSDividend
FY 2026 ₹5,050 Cr ▲ +116.2% ₹1,082 Cr 21.4% ₹17.17 ₹1.00
FY 2025 ₹2,336 Cr ▲ +145.4% ₹369 Cr 15.8% ₹6.22 —
FY 2024 ₹952 Cr ▲ +54.0% ₹29 Cr 3.0% ₹0.49 —
FY 2023 ₹618 Cr ▲ +21.6% ₹9 Cr 1.5% ₹0.15 —
FY 2022 ₹508 Cr ▲ +39.9% ₹9 Cr 1.7% ₹0.14 —
FY 2021 ₹363 Cr — ₹3 Cr 0.9% ₹0.06 —

Balance sheet — FY26

Owes (liabilities)Shareholders' equity
36%
64%
  • Total assets₹5,772 Cr
  • Total liabilities₹2,078 Cr
  • Shareholders' equity₹3,695 Cr
  • Total debt₹360 Cr
  • Cash & investments₹384 Cr
  • Current ratio2.06×
  • Revenue growth, 5 yr69.29% a year
  • EPS growth, 5 yr213.79% a year
  • Operating margin (TTM)29.12%
  • Net margin (TTM)22.84%

Cash flow — FY26

Operating activities
▲ ₹200 Cr
Investing activities
▼ −₹304 Cr
Financing activities
▲ ₹130 Cr
Free cash flow
▼ −₹453 Cr
Net change in cash
▲ ₹24 Cr

Right of the line = cash coming in, left = cash going out. Free cash flow = cash from operations minus capital spending.

Full financial statements, FY21–FY26
₹ croreFY21FY22FY23FY24FY25FY26
Total revenue363.22508.27618.13951.942,335.615,049.88
Cost of revenue256.54400.57502.23754.581,402.322,775.52
Gross profit106.68107.70115.90197.36933.302,274.36
Operating expenses331.05472.63604.54873.321,769.573,611.14
Operating income32.1735.6413.5878.62566.051,438.74
Depreciation30.0126.3742.6941.82155.95295.63
Profit before tax2.5015.3311.6747.62482.821,337.60
Tax−0.856.792.7018.72113.81256.04
Net profit3.358.548.9728.90369.011,081.55
EPS (₹)0.060.140.150.496.2217.17
Dividend per share (₹)—————1.00

Emmvee Photovoltaic Power vs Peers

Side by side with other semiconductors companies. The small bars compare each column.

CompanyPriceChangeMarket capP/EP/BROE (5 yr)Net marginDiv. yield
Emmvee Photovoltaic Power This stock ₹315.55 ▼ −1.97% ₹21,802 Cr 17.11 5.91 50.48% 22.84% 0.32%
Premier Energies ₹908.00 ▲ +1.09% ₹41,219 Cr 32.30 11.32 40.54% 19.29% 0.14%
RRP Semiconductor ₹8,207.65 0.00% ₹11,182 Cr — 1,378.83 — — —
Vikram Solar ₹160.00 ▼ −0.22% ₹5,775 Cr 14.06 2.20 15.29% 9.80% —
Saatvik Green Energy ₹424.50 ▼ −0.47% ₹5,421 Cr 15.53 4.36 — 7.94% —
Moschip Technologies ₹200.15 ▼ −1.94% ₹3,905 Cr 118.00 11.39 9.06% 6.04% —

Peer prices and ratios as last reported by the data provider. Company names link to their own pages.

Shareholding Pattern

Who owns Emmvee Photovoltaic Power shares, quarter by quarter (latest on top).

PromoterFIIMFOther
Jun '26
80.0%
10.8%
Mar '26
Dec '25
HolderDec '25Mar '26Jun '26Change
Promoter80.03%80.03%80.03% 0.00 pts
FII3.97%2.45%2.92% ▲ +0.47 pts
MF7.50%7.59%6.24% ▼ −1.35 pts
Other8.50%9.93%10.81% ▲ +0.88 pts

Emmvee Photovoltaic Power Key Metrics

Each ratio placed against a benchmark — the sector average, the company's own 5-year average, or a common rule of thumb.

Emmvee Photovoltaic PowerBenchmarkRule-of-thumb bands

Valuation The price against earnings, book value and sales

P/E (TTM)Price ÷ yearly earnings per share
17.11
▼ 74% below the sector average of 65.42
P/BPrice ÷ book value per share
5.91
P/SMarket cap ÷ last 12 months' revenue
3.91
P/CFPrice ÷ cash flow per share
14.09
PEGP/E ÷ earnings growth rate
0.04

Profitability Of every ₹100 of sales, how much is kept?

Gross marginKept after the cost of goods
44.52%
▲ above its 5-yr average of 38.34%
Operating marginKept after running costs
29.12%
▲ above its 5-yr average of 22.53%
Pre-tax marginKept before tax
28.09%
▲ above its 5-yr average of 20.02%
Net marginKept as profit
22.84%
▲ above its 5-yr average of 15.82%

Returns & efficiency How well does it use its money?

Return on equityProfit on shareholders' money
51.12%
▲ above its 5-yr average of 50.48%
Return on assetsProfit on everything it owns
22.33%
▲ above its 5-yr average of 13.95%
Return on investmentProfit on long-term capital
31.57%
▲ above its 5-yr average of 20.59%
Return on capital employedProfit before interest and tax on equity + debt
44.00%

Growth Is the business getting bigger?

Revenue — last 12 months
+84.1%
▲ growing (off the scale)
Revenue — 3 yr, a year
+101.4%
▲ growing (off the scale)
Revenue — 5 yr, a year
+69.3%
▲ growing (off the scale)
Net profit — 3 yr, a year
+394.0%
▲ growing (off the scale)
Net profit — 5 yr, a year
+217.5%
▲ growing (off the scale)
EPS — last 12 months
+116.3%
▲ growing (off the scale)
EPS — 3 yr, a year
+384.3%
▲ growing (off the scale)
EPS — 5 yr, a year
+213.8%
▲ growing (off the scale)
Book value — 5 yr, a year
+78.3%
▲ growing (off the scale)

Financial strength Can it pay its bills and debts?

Debt to equityBorrowings for every ₹1 of shareholders' money
0.10×
✓ Low debt
Current ratioShort-term assets for every ₹1 due within a year
2.06×
✓ Comfortable
Quick ratioLike the current ratio, without inventory
0.91×
• Adequate
Interest coverOperating profit ÷ interest to pay
11.34×
✓ Strong
Payout ratioShare of profit paid as dividend
5.82%
• Keeps most

Per share What each share stands for

EPS (TTM)
₹19.28
Book value
₹53.37
Cash flow
₹24.16
Dividend
₹1.00
Revenue
₹85.19

The share price is 5.91× the book value behind each share.

Benchmarks: sector averages and 5-year averages come from the data provider; the debt and liquidity bands are common rules of thumb, not investment advice.

All 99 metrics from the data provider

Valuation

P/E excluding extraordinary items, most recent fiscal year18.75
Current Dividend Yield - Common Stock Primary Issue, LTM0.31
Price to Book - most recent fiscal year6.03
P/E Basic excluding extraordinary items - TTM17.79
P/E including extraordinary items - TTM16.69
Price to Tangible Book - most fiscal year6.03
Price to sales - most recent fiscal year4.41
Dividend Yield - indicated annual dividend divided by closing price0.31
Price to Cash Flow per share - trailing 12 month14.09
Peg Ratio0.04
P/E Normalized, most recent fiscal year18.84
P/E excluding extraordinary items, most recent fiscal year quarter16.69
Price to sales - trailing 12 month4.00
Net Debt, LFY−236.47

Per share

Cash Flow per share - trailing 12 month24.16
Cash Flow per share - most recent fiscal year21.87
EPS including extraordinary items - trailing 12 month19.28
EPS including extraordinary items - most recent fiscal year17.17
EBITD per share - trailing 12 month29.51
Revenue/share - trailing 12 month85.19
EPS excluding extraordinary items - trailing 12 month19.28
EPS Basic excluding extraordinary items - most recent fiscal year17.17
EPS Basic excluding extraordinary items - trailing 12 month19.28
Book value per share - most recent fiscal year53.37
Dividend per share - most recent fiscal year1.00
Revenue/share - most recent fiscal year80.18
EPS Normalized - most recent fiscal year17.08
Book value (tangible) per share - most recent fiscal year53.35
Dividends per share - trailing 12 month1.00
EPS excluding extraordinary items - most recent fiscal year17.17
Cash per share - most recent fiscal year5.54

Margins

Operating margin - trailing 12 month29.12
Gross Margin - 5 year average38.34
Operating margin - 1st historical fiscal year28.49
Operating Margin - 5 year average22.53
Net Profit Margin % - 1st historical fiscal year21.42
Gross Margin - 1st historical fiscal year45.04
Net Profit Margin % - trailing 12 month22.84
Net Profit Margin - 5 year average15.82
Pretax Margin - 5 year average20.02
Pretax margin - 1st historical fiscal year26.49
Pretax margin - trailing 12 month28.09
Free Operating Cash Flow/Revenue, 5 Year Average−17.38
Gross Margin - trailing 12 month44.52

Growth

EPS Change %, TTM over TTM116.32
Revenue growth rate, 5 year69.29
EPS growth rate, 5 year213.79
Revenue Change % - most recent quarter 1 year ago51.34
Growth rate% - EPS, 3 year384.34
Revenue/share (5 yr growth)67.29
Tangible Book Value, Total Equity, 5 Year CAGR83.92
Capital Spending growth rate, 5 year119.19
Revenue Change %, TTM over TTM84.07
Growth rate% - Revenue, 3 year101.40
Book value per share growth rate, 5 year78.34
EPS Change % - most recent quarter 1 year ago73.63
Net Profit Margin growth rate, 5 year87.57
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR94.58
Total Debt, 5 Year CAGR8.84

Financial strength

Net Interest coverage - most recent fiscal year11.34
Free Cash Flow - most recent fiscal year−4,531.81
LT debt/equity - most recent fiscal year0.05
Quick ratio - most recent fiscal year0.91
Payout ratio - trailing 12 month5.43
Current ratio - most recent fiscal year2.06
Current EV/Free Cash Flow, LFY30.76
Total debt/total equity - most recent fiscal year0.10
Net Interest coverage - trailing 12 month14.42
Payout ratio - most recent fiscal year6.40

Returns & efficiency

Return on average equity - 5 year average50.48
Net Income/employee - trailing 12 month4,73,66,740.00
Return on investment - most recent fiscal year31.57
Return on average assets - most recent fiscal year22.33
Receivables turnover - most recent fiscal year11.41
Inventory turnover - most recent fiscal year2.25
Revenue/employee - trailing 12 month20,73,44,600.00
Return on average assets - 5 year average13.95
Asset turnover - most recent fiscal year1.04
Return on average equity - most recent fiscal year51.12
Return on investment - 5 year average20.59

Price & volume

Market Cap21,788.32
52 week Low Date18 Dec 2025
Price - 1 Day % Change1.35
Relative (S&P500) price percent change - 13 week−0.41
Avg trading volume last 10 days3.30
Price - 13 week price percent change−4.55
Avg Trading Volume Last 3 months57.14
Price - 5 Day % Change−1.86
Price % Change Month To Date0.05
Relative (S&P500) price percent change - 04 week3.85
52 week High Date16 Jul 2026
Price - 26 week price percent change44.16
PDATE25 Sep 2026
Price - YTD price percent change67.35
NPRICE321.90
Relative (S&P500) price percent change - 26 week43.55
52 week Low171.51
52 week High371.55
Relative (S&P500) price percent change - Year to Date93.00

Dividends & Corporate Events

Payouts to shareholders, splits and bonus issues, and company meetings — newest first.

Dividend per share₹ per share, by fiscal year
₹1.00
  • Dividend yield0.32%
  • Payout ratio5.82%
  • Latest dividend₹1.00 per share · 18 Sep 2026

Corporate calendar

  • MeetingAnnual General Meeting
  • Dividend₹1.00 per share · 50% · Final dividend
  • BoardQuarterly Results
  • BoardAudited Results & Final Dividend
  • BoardQuarterly Results
  • MeetingPostal Ballot
  • BoardQuarterly Results

About Emmvee Photovoltaic Power

Semiconductors

Emmvee Photovoltaic Power Ltd is an India-based pure-play integrated solar photovoltaic (PV) module and solar cell manufacturing company. The Company’s product portfolio comprises bifacial and mono-facial formats of TOPCon modules and cells, and bifacial and mono-facial formats of mono passivated emitter and rear contact (Mono PERC) modules. The Company’s segments include Photovoltaics modules (PV), EPC, and Others. The Photovoltaics modules (PV) segment manufactures and sells photovoltaic modules and photovoltaic systems. The EPC segment specializes in the execution of the Engineering, Procurement, and construction (EPC) Projects within the solar sector. Others segment comprises solar pumps, supplying and the installation of solar photovoltaic water pumping systems and selling power generated from an independent power producing plant. The Company also executes grid and off-grid photovoltaic power projects on a turnkey basis and operates solar power plants.

Key people

  • Manjunatha Donthi VenkatarathnaiahExecutive Chairman of the Board, Managing Director
  • Suhas Donthi ManjunathaPresident, Chief Executive Officer, Whole Time Director
  • Pawan Kumar JainChief Financial Officer
  • Srinath ThippegowdaChief Technology Officer
  • Nagaraj Shrinivas RonadCompliance Officer

Company facts

  • NSE symbolEMMVEE
  • BSE code544608
  • ISININE1C6T01020
  • IndustrySemiconductors
  • IndexNIFTY 500
  • Market cap₹21,802 Cr
  • Revenue (FY26)₹5,050 Cr
  • Net profit (FY26)₹1,082 Cr

In the News

Recent headlines about Emmvee Photovoltaic Power — they open on Mint in a new tab.

Stock data comes from the exchange feed via our data provider. It is not real-time and can be delayed, so check the price with your broker before you trade. This page is for information and education only. It is not investment advice, research or a recommendation to buy, sell or hold any security. Investments in the securities market are subject to market risks; read all related documents carefully before investing. See all stocks →

Frequently Asked Questions

Emmvee Photovoltaic Power (NSE: EMMVEE) last traded at ₹315.55 on the NSE, down 1.97% (₹6.34) on the day, as of 28 Sep 2026. The day's range was ₹315.00 – ₹322.45.

Emmvee Photovoltaic Power's 52-week high is ₹371.45 (16 Jul 2026) and its 52-week low is ₹171.50 (18 Dec 2025). At ₹315.55 the share is 15.0% below its high and 84.0% above its low.

Emmvee Photovoltaic Power's market capitalisation is ₹21,802 Cr (₹21,802 Cr). It is part of the NIFTY 500 index.

Emmvee Photovoltaic Power's P/E ratio (trailing 12 months) is 17.11. The sector average is 65.42, so investors pay 74% less for each rupee of its earnings than for the average company in its sector. Its earnings per share (TTM) are ₹19.28.

Emmvee Photovoltaic Power shares are up 64.05% so far this year, up 41.31% over 6 months, down 6.43% over 3 months.

In FY26 (year to Mar 2026), Emmvee Photovoltaic Power reported revenue of ₹5,050 Cr (up 116.21% on the year before) and a net profit of ₹1,082 Cr. Earnings per share were ₹17.17.

Yes. Emmvee Photovoltaic Power's latest dividend is ₹1.00 per share (50%, final dividend), with an ex-date of 18 Sep 2026. The dividend yield is 0.32%.

As of Jun 2026: Promoter 80.03%, FII 2.92%, MF 6.24%, Other 10.81%.

Emmvee Photovoltaic Power's listed peers in Semiconductors include Premier Energies, RRP Semiconductor, Vikram Solar, Saatvik Green Energy, Moschip Technologies. By market capitalisation it ranks #2 of 6 in this group.

No. Emmvee Photovoltaic Power has debt — its debt-to-equity ratio is 0.10 and total debt was ₹360 Cr in FY26. Its operating profit covers interest 11.34 times.