Sahaj Solar designs, manufactures, and installs solar energy solutions including water pumps, grid-connected systems, and off-grid battery storage. Key segments include solar water pumping (INR107 crores order book), grid-tied EPC projects (INR251 crores order book), and international projects in Zambia (INR55 crores pipeline). Growth will accelerate from executing INR402 crores in orders during FY27, including the 4.8 MW Gujarat project, 10,000 bulk milk chiller solarization with NDDB, and Zambia’s 10 MW EPC project. Margins will stabilize at 12%+ as INR125 crores IREDA debt is repaid by Q3 FY27, improving operating cash flow. Over 2-3 years, international expansion and 100 MW manufacturing capacity utilization will drive 30%+ revenue growth, though government payment delays and supply chain risks remain key execution risks.
Sahaj Solar Limited (SSL) is an Ahmedabad-based renewable energy company that has spent the last 14 years building an integrated solar power solutions business across three pillars: solar PV module manufacturing, solar-powered water pumping systems, and turnkey EPC services. The company was incorporated around 2011 and acquired in 2014 by Pramit Bharatkumar Brahmbhatt, a finance professional who had previously founded the Veracity Group. That acquisition set the direction for everything that fol...
Read the full report →new product segment, geographic expansion, order book surge
FY27 revenue growth guided at 30%+ driven by anti-soil coating and nano technology coating; 12%+ EBITDA margin maintained over next 3 years
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