What is the share price of Emmvee Photovoltaic Power Ltd (EMMVEE) today?
The share price of EMMVEE as on 29th January 2026 is ₹190.31. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.What is the return on Emmvee Photovoltaic Power Ltd (EMMVEE) share?
The past returns of Emmvee Photovoltaic Power Ltd (EMMVEE) share are- Past 1 week: -4.63%
- Past 1 month: 3.63%
- Past 3 months: N/A%
- Past 6 months: -12.97%
- Past 1 year: -12.97%
- Past 3 years: N/A%
- Past 5 years: -12.97%
What are the peers or stocks similar to Emmvee Photovoltaic Power Ltd (EMMVEE)?
The peers or stocks similar to Emmvee Photovoltaic Power Ltd (EMMVEE) include:What is the market cap of Emmvee Photovoltaic Power Ltd (EMMVEE) share?
Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Emmvee Photovoltaic Power Ltd (EMMVEE) is ₹13220.33 Cr as of 29th January 2026.What is the 52 week high and low of Emmvee Photovoltaic Power Ltd (EMMVEE) share?
The 52-week high of Emmvee Photovoltaic Power Ltd (EMMVEE) is ₹248.40 and the 52-week low is ₹171.51.What is the PE and PB ratio of Emmvee Photovoltaic Power Ltd (EMMVEE) stock?
The P/E (price-to-earnings) ratio of Emmvee Photovoltaic Power Ltd (EMMVEE) is 35.83. The P/B (price-to-book) ratio is 24.63.Which sector does Emmvee Photovoltaic Power Ltd (EMMVEE) belong to?
Emmvee Photovoltaic Power Ltd (EMMVEE) belongs to the Industrials sector & Renewable Energy Equipment & Services sub-sector.How to buy Emmvee Photovoltaic Power Ltd (EMMVEE) shares?
You can directly buy Emmvee Photovoltaic Power Ltd (EMMVEE) shares on Tickertape. Simply sign up, connect your demat account and place your order.
Emmvee Photovoltaic Power Ltd
EMMVEE Share Price
190.310.34% (-0.64)
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EMMVEE Stock Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
HighStrong financials and growth story over the years
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
How to use scorecard? Learn more
EMMVEE Performance & Key Metrics
EMMVEE Performance & Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 14.75 | 24.63 | — |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 39.56 | 5.82 | 0.70% |
100%
Analysts have suggested that investors can buy this stock
from 2 analysts
Price Upside
Earnings Growth
Rev. Growth
EMMVEE Company Profile
Emmvee Photovoltaic Power Ltd is an India-based integrated solar PV module and cell manufacturer offering bifacial and mono-facial TOPCon and Mono PERC modules and cells, EPC solar projects, solar pumps, and operates grid and off-grid solar power plants.
WAAREEENER
PE Ratio
42.35
42.35
1Y Return
31.44%
31.44%
Buy Reco %
80.00
80.00
SUZLON
PE Ratio
31.64
31.64
1Y Return
4.89%
4.89%
Buy Reco %
100.00
100.00
PE Ratio
110.95
110.95
1Y Return
13.90%
13.90%
Buy Reco %
100.00
100.00
VIKRAMSOLR
PE Ratio
52.50
52.50
1Y Return
43.15%
43.15%
Buy Reco %
50.00
50.00
UTLSOLAR
PE Ratio
39.36
39.36
1Y Return
3.65%
3.65%
Buy Reco %
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EMMVEE Sentiment Analysis
EMMVEE Sentiment Analysis
New
Crisp summary & key insights to decode earnings calls instantly
EMMVEE Stock Summary · January 2026
The company is experiencing robust financial growth, highlighted by significant year-on-year increases in total income and EBITDA, despite facing project delays and rising raw material costs, particularly for silver paste and aluminum. While recent advancements in production capacity, including a new 2.5 GW module line, have not yet translated into proportional EBITDA gains, management remains optimistic about future profitability driven by a strong order book and stable pricing strategies. The transition to advanced technologies like TopCon is expected to enhance efficiency and market positioning, particularly as demand for Domestic Content Requirement (DCR) products is projected to rise significantly. However, the company is cautious about overcommitting to new orders amid potential supply imbalances, emphasizing the importance of operational efficiency and strategic capacity management. Overall, the outlook for the renewable energy sector remains positive, bolstered by initiatives like the Suryaghar Yojna and a strong tendering environment.
EMMVEE Stock Growth Drivers
EMMVEE Stock Growth Drivers
6Strong Financial Performance
In Q3 FY26, the company reported a total income of approximately INR 11.7 billion, with
Operational Expansion and Capacity Growth
The company successfully commissioned a new 2.5 GW module line, increasing its total module capacity
EMMVEE Stock Challenges
EMMVEE Stock Challenges
5Rising Raw Material Costs
The company is facing challenges due to the rising costs of raw materials, particularly silver
Project Delays and Connectivity Issues
There are concerns regarding potential project delays attributed to connectivity and land issues. While the
EMMVEE Forecast
EMMVEE Forecasts
Price
Revenue
Earnings
EMMVEE Share Price Forecast
EMMVEE Share Price Forecast
2026
Current
₹190.95
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Forecast for Jan 2027
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2026
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₹190.95
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EMMVEE Company Revenue Forecast
EMMVEE Company Revenue Forecast
2025
Current
₹2.36
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₹2.36
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EMMVEE Stock EPS (Earnings Per Share) Forecast
EMMVEE Stock EPS (Earnings Per Share) Forecast
2025
Current
₹6.22
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Forecast for Mar 2026
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₹6.22
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EMMVEE
EMMVEE
Income
Balance Sheet
Cash Flow
Annual Normal View
EMMVEE Income Statement
EMMVEE Income Statement
Annual Normal View
| Financial Year | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 564.34 | 428.57 | 567.31 | 635.13 | 954.45 | 2,360.32 | 4,434.48 | |||||||
Raw Materials | 373.94 | -77.45 | 401.83 | 449.13 | 771.04 | 1,518.00 | 2,858.82 | |||||||
| Power & Fuel Cost | 4.19 | 3.25 | 3.98 | 7.01 | 7.08 | 28.82 | ||||||||
| Employee Cost | 32.38 | 26.26 | 18.98 | 8.56 | 24.00 | 77.77 | ||||||||
| Selling & Administrative Expenses | 4.56 | 3.09 | 9.35 | 38.33 | 16.90 | 55.82 | ||||||||
| Operating & Other expenses | 35.76 | 358.79 | 17.16 | 37.40 | 12.48 | -66.73 | ||||||||
EBITDA | 113.51 | 114.63 | 116.01 | 94.70 | 122.95 | 746.64 | 1,575.66 | |||||||
| Depreciation/Amortization | 38.89 | 51.56 | 42.44 | 39.45 | 41.82 | 155.95 | 281.97 | |||||||
| PBIT | 74.62 | 63.07 | 73.57 | 55.25 | 81.13 | 590.69 | 1,293.69 | |||||||
| Interest & Other Items | 65.14 | 62.27 | 48.88 | 27.11 | 33.51 | 107.88 | 187.49 | |||||||
| PBT | 9.48 | 0.80 | 24.69 | 28.14 | 47.62 | 482.81 | 1,106.20 | |||||||
| Taxes & Other Items | -4.13 | -6.53 | 11.06 | 4.92 | 18.72 | 113.81 | 209.89 | |||||||
| Net Income | 13.61 | 7.33 | 13.63 | 23.22 | 28.90 | 369.00 | 896.31 | |||||||
| EPS | 0.23 | 0.12 | 0.23 | 0.39 | 0.49 | 6.22 | 15.10 | |||||||
| DPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||
| Payout ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EMMVEE Company Updates
FY 2026FY 2026
Investor Presentation
Jan 15PDF
Dec 2PDF
Dec 2PDF
EMMVEE Stock Peers
EMMVEE Past Performance & Peer Comparison
EMMVEE Past Performance & Peer Comparison
Comparing 3 stocks from
IndustrialsRenewable Energy Equipment & Services
Compare valuation on Screener
IndustrialsRenewable Energy Equipment & Services
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Emmvee Photovoltaic Power Ltd | 35.83 | 24.63 | — |
| Waaree Energies Ltd | 42.35 | 8.24 | — |
| Suzlon Energy Ltd | 31.64 | 10.74 | — |
| Azad Engineering Ltd | 110.95 | 6.95 | — |
EMMVEE Stock Price Comparison
Compare EMMVEE with any stock or ETFCompare EMMVEE with any stock or ETF
EMMVEE
EMMVEE Holdings
EMMVEE Shareholdings
EMMVEE Promoter Holdings Trend
EMMVEE Promoter Holdings Trend
Decreased Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook
In last 6 months, promoter holding in the company has decreased by 19.97%
Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better
Pledged promoter holdings is insignificant
EMMVEE Institutional Holdings Trend
EMMVEE Institutional Holdings Trend
No institutional holdings trend are available
EMMVEE Shareholding Pattern
EMMVEE Shareholding Pattern
EMMVEE Shareholding History
EMMVEE Shareholding History
Foreign Institutions
Mutual Funds Invested in EMMVEE
Mutual Funds Invested in EMMVEE
No mutual funds holding trends are available
Top 5 Mutual Funds holding Emmvee Photovoltaic Power Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
The rupee value of the stock held by the fund divided by the stock’s market cap 0.9528% | Percentage of the fund’s portfolio invested in the stock 1.28% | Change in the portfolio weight of the stock over the last 3 months 1.28% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 40/74 (+30) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 0.8421% | Percentage of the fund’s portfolio invested in the stock 0.86% | Change in the portfolio weight of the stock over the last 3 months 0.86% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 80/95 (+13) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 0.7323% | Percentage of the fund’s portfolio invested in the stock 0.20% | Change in the portfolio weight of the stock over the last 3 months 0.20% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 208/250 (+20) |
Compare 3-month MF holding change on Screener
Hmm, looks like there hasn't been any net deal activity in the last 6 monthssmallcases containing EMMVEE stock
smallcases containing EMMVEE stock
Looks like this stock is not in any smallcase yet.
EMMVEE Events
EMMVEE Events
EMMVEE Dividend Trend
No Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year
EMMVEE has not given any dividends in last 5 years
Dividends
Corp. Actions
Announcements
Legal Orders
Dividends
EMMVEE Dividend Trend
No Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year
EMMVEE has not given any dividends in last 5 years
EMMVEE Dividends
EMMVEE Dividends
Hmm, looks like data is unavailable here. Please come back after some timeEMMVEE Stock News & Opinions
EMMVEE Stock News & Opinions
Articles & Videos
Earnings
Emmvee Photovoltaic Power consolidated net profit rises 165.77% in the December 2025 quarter
Net profit of Emmvee Photovoltaic Power rose 165.77% to Rs 263.64 crore in the quarter ended December 2025 as against Rs 99.20 crore during the previous quarter ended December 2024. Sales rose 118.11% to Rs 1152.25 crore in the quarter ended December 2025 as against Rs 528.29 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales1152.25528.29 118 OPM %35.8838.23 - PBDT395.80175.55 125 PBT321.80122.04 164 NP263.6499.20 166 Powered by Capital Market - Live
1 week agoCapital Market - Live
Earnings
Emmvee Photovoltaic Power standalone net profit declines 64.21% in the December 2025 quarter
Net profit of Emmvee Photovoltaic Power declined 64.21% to Rs 14.17 crore in the quarter ended December 2025 as against Rs 39.59 crore during the previous quarter ended December 2024. Sales declined 77.24% to Rs 81.07 crore in the quarter ended December 2025 as against Rs 356.16 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales81.07356.16 -77 OPM %-8.1716.60 - PBDT25.6561.18 -58 PBT20.0454.15 -63 NP14.1739.59 -64 Powered by Capital Market - Live
1 week agoCapital Market - Live
Corporate
Emmvee Photovoltaic Power announces board meeting date
Emmvee Photovoltaic Power will hold a meeting of the Board of Directors of the Company on 15 January 2026.Powered by Capital Market - Live
2 weeks agoCapital Market - Live
Spotlight
Emmvee Photovoltaic Power soars after global brokerage initiates Buy call
The brokerage expects India's solar installations to grow rapidly on the back of lower tariffs, rising power demand and policy support for domestic manufacturers. Emmvee was highlighted for its early move into high-efficiency TOPCon technology and aggressive capacity expansion, with cell and module capacities seen rising sharply by FY27. While near-term margin risks remain due to potential oversupply, the brokerage expects profitability to stabilise over time, supporting strong earnings growth. Bengaluru-based Emmvee Photovoltaic Power is a renewable energy company. It manufactures of Solar PV modules and systems. The company's consolidated net profit surged 577.3% to Rs 237.86 crore on an 181.1% jump in revenue from operations to Rs 1,131 crore in Q2 FY26 over Q2 FY25. Powered by Capital Market - Live
3 weeks agoCapital Market - Live
Spotlight
Emmvee Photovoltaic Power's subsidiary commissions new 2.5 GW solar module line
The new line is part of the company's planned capacity expansion disclosed in its IPO documents and has been completed according to schedule. With this commissioning, the company's total solar module manufacturing capacity now stands at 10.3 GW, strengthening its position in the renewable energy sector. Emmvee Photovoltaic Power is primarily a solar module manufacturer and is the second largest pure-play integrated solar PV module and solar cell manufacturing company and one of the largest solar PV module manufacturers in India. The company's consolidated net profit surged 577.3% to Rs 237.86 crore on an 181.1% jump in revenue from operations to Rs 1,131 crore in Q2 FY26 over Q2 FY25. Shares of Emmvee Photovoltaic Power rallied 6.85% to end at Rs 184.85 on Friday, 19 December 2025. Powered by Capital Market - Live
1 month agoCapital Market - Live
Corporate
Emmvee Photovoltaic Power announces increase in solar module manufacturing capacity
Emmvee Photovoltaic Power announced that its wholly owned subsidiary, Emmvee Energy has commenced operation of its 2.5 GW solar module line at its factory located in Sulibele, Hoskete Taluk, Bengaluru, Karnataka, (Unit VI), today, i.e., 20 December 2025. Pursuant to the above commissioning, the Company's aggregate solar module manufacturing capacity now stands increased to 10.3 GW. Powered by Capital Market - Live
1 month agoCapital Market - Live
Corporate
Emmvee Energy wins order for supply of TOPCon crystalline silicon photovoltaic cells
Emmvee Energy (EEPL), a material and wholly owned subsidiary of Emmvee Photovoltaic Power, has entered into a supply agreement with a domestic buyer to supply TOPCon crystalline silicon photovoltaic cells with a contracted offtake of 4.5 GWp.Powered by Capital Market - Live
1 month agoCapital Market - Live
Spotlight
Emmvee Photovoltaic subsidiary inks deal to supply 4.5 GWp TOPCon solar cells
According to the company's exchange filing, the supply contract will be executed over a five-year period, from December 2025 to 2030. The company also clarified that neither its promoters nor members of the promoter group have any interest in the awarding entity, confirming that the transaction does not qualify as a related-party deal under regulatory norms. Emmvee Photovoltaic Power is primarily a solar module manufacturer and is the second largest pure-play integrated solar PV module and solar cell manufacturing company and one of the largest solar PV module manufacturers in India. The company's consolidated net profit surged 577.3% to Rs 237.86 crore on an 181.1% jump in revenue from operations to Rs 1,131 crore in Q2 FY26 over Q2 FY25. Powered by Capital Market - Live
1 month agoCapital Market - Live
Earnings
Emmvee Photovoltaic Power consolidated net profit rises 577.28% in the September 2025 quarter
Net profit of Emmvee Photovoltaic Power rose 577.28% to Rs 237.86 crore in the quarter ended September 2025 as against Rs 35.12 crore during the previous quarter ended September 2024. Sales rose 181.06% to Rs 1131.00 crore in the quarter ended September 2025 as against Rs 402.40 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales1131.00402.40 181 OPM %35.3123.02 - PBDT362.5386.89 317 PBT291.6763.80 357 NP237.8635.12 577 Powered by Capital Market - Live
1 month agoCapital Market - Live
Corporate
Emmvee Photovoltaic Power to declare Quarterly Result
Emmvee Photovoltaic Power will hold a meeting of the Board of Directors of the Company on 1 December 2025.Powered by Capital Market - Live
2 months agoCapital Market - Live
Over the last 5 years, revenue has grown at a yearly rate of 33.13%, vs industry avg of 24.45%
Over the last 5 years, market share increased from 4.04% to 5.06%