Emmvee Photovoltaic Power share price
NSE: EMMVEEBSE: 544608Electrical EquipmentSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹249.05.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹16,336 Cr384th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 14 Oct 2026
- 11.5
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 14 Oct 2026
- 3.7
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.42%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 14 Oct 2026
- 53.1%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 14 Oct 2026
- 33.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026. The filing of 14 Oct 2026
- 0.21
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 47,77,88950.0% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Sep 2026, against the quarter beforeFiled 14 Oct
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,576 Crup 1.34%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹382 Crup 0.46%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 24.2%
Revenue by year
Net profit by year, a loss in red
| ₹ crore | Jun 2025Filed 2 Dec | Sep 2025Filed 2 Dec | Dec 2025Filed 15 Jan | Mar 2026Filed 28 Apr | Jun 2026Filed 15 Jul | Sep 2026Filed 14 Oct |
|---|---|---|---|---|---|---|
| Revenue | 1,028 | 1,131 | 1,152 | 1,739 | 1,556 | 1,576 |
| Net profit | 188 | 238 | 264 | 392 | 380 | 382 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 18.3% | 21.0% | 22.9% | 22.6% | 24.4% | 24.2% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Photovaltics Modules (PV)Photovaltics Modules (PV), share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹5,011 Cr99.2%
- OthersOthers, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹39 Cr0.8%
Valuation
Today, against the company's own history.PE ratio and valuation history
At or below today's level on 100% of 231 trading days since Nov 2025.
Mutual funds holding it
75 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 44 of the 57 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.Mutual fund holdings
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 2
- AddedAdded. Funds that held more shares than at the end of the month before.
- 42
- CutCut. Funds that held fewer shares than at the end of the month before.
- 15
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 16
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end.
- 2
| Fund | |||
|---|---|---|---|
 Franklin India Mid Cap FundFranklin Templeton Mutual Fund | 51,84,957 | 1.35% | ₹163.8 Cr |
 ICICI Prudential Energy Opportunities FundICICI Prudential Mutual Fund | 47,11,844 | 1.85% | ₹148.8 Cr |
 Abakkus Flexi Cap FundAbakkus Mutual Fund | 46,65,000 | 1.88% | ₹147.4 Cr |
 Kotak Equity Savings FundKotak Mahindra Mutual Fund | 45,73,154 | 1.38% | ₹144.5 Cr |
| Franklin India Opportunities FundFranklin Templeton Mutual Fund | 23,61,050 | 0.78% | ₹74.6 Cr |
| ICICI Prudential Aggressive Hybrid FundICICI Prudential Mutual Fund | 19,94,386 | 0.12% | ₹63.0 Cr |
| Abakkus Small Cap FundAbakkus Mutual Fund | 16,16,000 | 1.57% | ₹51.0 Cr |
 Motilal Oswal Business Cycle FundMotilal Oswal Mutual Fund | 14,52,030 | 3.17% | ₹45.9 Cr |
 HDFC Innovation FundHDFC Mutual Fund | 14,39,888 | 1.44% | ₹45.5 Cr |
| Kotak Manufacture in India FundKotak Mahindra Mutual Fund | 13,57,851 | 1.37% | ₹42.9 Cr |
Peers and competitors
Other Electrical Equipment, 84 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Emmvee Photovoltaic Power in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 Apar IndustriesAPARINDS | 60,208 | 51.0 | 11.2 | 27.9 | +24.0% | +34.0% | 23.9% | 31.9% | 0.42% |
 Premier EnergiesPREMIERENE | 38,736 | 23.3 | 9.0 | 15.8 | +26.7% | – | 46.7% | 27.2% | 0.09% |
 Mtar TechnologiesMTARTECH | 19,871 | 148.9 | 24.2 | 88.7 | +53.4% | +125.1% | 17.2% | 16.1% | 0.00% |
 Diamond Power InfrastructureDIACABS | 18,842 | 95.9 | – | – | +92.6% | +416.5% | – | 12.2% | 0.00% |
 Avalon TechnologiesAVALON | 12,417 | 92.9 | 17.2 | 62.2 | +44.4% | +67.1% | 20.0% | 18.5% | 0.00% |
 Fujiyama Power SystemsUTLSOLAR | 11,111 | 37.8 | 8.7 | 17.9 | – | – | 23.1% | 33.3% | 0.00% |
 Genus Power InfrastructuresGENUSPOWER | 7,886 | 12.1 | 3.6 | 9.7 | +74.2% | +62.8% | 31.9% | 20.1% | 0.19% |
 Waaree Renewable TechnologiesWAAREERTL | 7,080 | 15.2 | 6.3 | 11.8 | +77.7% | +33.0% | 52.4% | 21.0% | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.| Ex-date | Type | Per share |
|---|---|---|
| 18 Sep 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹1.00 |
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
7 Oct · Analysts
1 Oct · Updates
Emmvee Photovoltaic Power share price by year
Each calendar year to 2025.Emmvee Photovoltaic Power share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 192.35 | – | 242.40 | 172.93 |
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 248.00 | 250.00 | 231.95 | 235.95 | 236.39 | 47,77,889 | 50.0% |
| 22 Oct 2026 | 255.00 | 260.95 | 247.10 | 249.05 | 252.87 | 19,48,587 | 38.0% |
| 21 Oct 2026 | 270.90 | 272.00 | 254.00 | 254.95 | 258.89 | 26,45,737 | 52.8% |
| 19 Oct 2026 | 279.95 | 280.65 | 266.55 | 270.10 | 271.58 | 25,55,697 | 39.9% |
| 16 Oct 2026 | 283.00 | 283.65 | 268.25 | 277.20 | 274.07 | 46,87,241 | 29.8% |
| 15 Oct 2026 | 307.00 | 307.00 | 276.00 | 282.10 | 285.62 | 1,09,92,268 | 34.5% |
| 14 Oct 2026 | 300.95 | 306.65 | 297.45 | 299.40 | 300.00 | 33,06,090 | 60.0% |
| 13 Oct 2026 | 297.60 | 300.00 | 291.40 | 299.05 | 295.69 | 11,49,493 | 50.2% |
| 12 Oct 2026 | 302.00 | 306.50 | 295.00 | 296.70 | 300.57 | 13,02,208 | 52.4% |
| 9 Oct 2026 | 303.00 | 306.90 | 299.00 | 300.05 | 302.48 | 9,01,961 | 41.9% |
About Emmvee Photovoltaic Power
Emmvee Photovoltaic Power Limited manufactures solar photovoltaic modules and solar cells. Its customers are solar developers, engineering, procurement and construction (EPC) contractors, and commercial and industrial businesses, in India and in international markets.
The company runs an integrated manufacturing platform that covers both solar cells and modules, and uses AI-enabled electroluminescence inspection across its production lines. It has completed seven tests under the Kiwa PVEL product qualification programme for a single product type. It operates with 100% TOPCon technology across its module capacity, makes bifacial modules, and collaborates with Fraunhofer ISE, a European solar research institute. Its installed capacity is 10.3 GW for photovoltaic modules and 2.94 GW for TOPCon solar cells. The cell capacity is held through its wholly owned subsidiary, Emmvee Energy Private Limited, which also operates part of the module capacity.
The manufacturing facilities are clustered in Karnataka, in the Bengaluru area, at Nelamangala and Sulibele. The registered office is in Bengaluru. Two overseas subsidiaries, Emmvee Energy GmbH in Germany and Emmvee Energy Inc. in the United States, support the company's presence outside India and its business development.
It was incorporated in 2007 as a private limited company. In May 2025 it was converted into a public limited company, and its shares have been listed on the National Stock Exchange of India and BSE since 18 November 2025.
- Legal name
- Emmvee Photovoltaic Power Limited
- NSE symbol
- EMMVEE
- BSE code
- 544608
- ISIN
- INE1C6T01020
- Industry
- Electrical Equipment
- Listed
- Nov 2025
- Face value
- ₹2
- CIN
- L26101KA2007PLC042197
- Corporate identity number, the registrar of companies' code for it