Fujiyama Power Systems Limited
₹365.85-₹15.05 (-4.0%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹6,662 Cr
- P/E
- 35.6x
- EV / EBITDA
- 66.7x
- Revenue
- ₹1,541 Cr
- Net margin
- 4.9%
- ROCE
- 22.2%
Price chart
Technical chartScreen technicals →+75.6% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -8.1%
- 3M
- -0.4%
- 6M
- +23.4%
- 1Y
- +75.6%
- 5Y
- +74.5%
52-week range
Day change -₹15.05 (-4.0%) from ₹381 to ₹366 · Last close Oct 30, 2026
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 25.3%
Concerns1
- Negative free cash flow (₹100 Cr)
Rule-based from financial data. Not advice.
About the company
Fujiyama Power Systems Limited manufactures and sells roof-top solar products and solutions under the UTL Solar and Fujiyama Solar brands in India and internationally.
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Fujiyama Power Systems Limited manufactures and sells roof-top solar products and solutions under the UTL Solar and Fujiyama Solar brands in India and internationally. It offers solar power generation systems, such as solar panels, hybrid solar inverter, off and on- grid inverter, online solar power conditioning units, solar management unit, and lithium-ion and tubular lead acid batteries; power backup solutions comprising online uninterruptible power supplies and inverters; power supply solutions, including hybrid charge controller units; and electronic vehicle, marine, and engine start chargers. The company was founded in 1996 and is based in Greater Noida, India.
- Sector
- Industrials
- Shares outstanding
- 30.7 Cr shares
- ISIN
- INE12UR01024
- BSE code
- 544613
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹6,662 Cr
- P/E
- 35.6x
- EV / EBITDA
- 66.7x
- EV / Sales
- 7.4x
- P/S
- 7.2x
- Earnings yield
- 2.8%
- 52-week high
- ₹484.30
- 52-week low
- ₹174.25
Profitability
- Operating margin
- 10.7%
- Net margin
- 4.9%
- EBITDA margin
- 11.0%
- ROE
- 18.8%
- ROCE
- 22.2%
- ROA
- 7.4%
- Dividend payout
- 0.0%
- Tax rate
- 28.0%
- Other income, % of PBT
- 4.8%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,541 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 66.6%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 25.3%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹102 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 92.5%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 246.7%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 32.5%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹85.0 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 9.0%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹4.00 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 18.4%
Solvency and efficiency
- Current ratio
- 2.01
- Debt / Equity
- 0.85
- Debt / Assets
- 0.34
- Debt / EBITDA
- 2.01
- Interest coverage
- 3.81
- Financial leverage
- 2.54
- CFO / Net profit
- 1.89
- Cash / Market cap
- 5.0%
- Cash per share
- ₹10.88
- Asset turnover
- 1.52
- Fixed asset turnover
- 3.35
- Capital intensity
- 0.30
- Debtor days
- 26 days
- Inventory turnover
- 2.94
- Cash conversion cycle
- 88 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹10 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹1,292 Cr |
| Sales | Operating profit | ₹249 Cr |
| Operating profit | Interest | ₹27 Cr |
| Operating profit | Depreciation | ₹18 Cr |
| Operating profit | Profit before tax | ₹204 Cr |
| Other income | Profit before tax | ₹9 Cr |
| Profit before tax | Tax and other | ₹57 Cr |
| Profit before tax | Net profit | ₹156 Cr |
Revenue and net profit
Revenue grew 66.6% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹405 Cr | ₹20 Cr |
| FY2022 | ₹506 Cr | ₹29 Cr |
| FY2023 | ₹664 Cr | ₹24 Cr |
| FY2024 | ₹925 Cr | ₹45 Cr |
| FY2025 | ₹1,541 Cr | ₹156 Cr |
Cash flows
FY2025: ₹18.0 Cr from operations, -₹100 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | -₹10 Cr | -₹17 Cr |
| FY2022 | -₹58 Cr | -₹104 Cr |
| FY2023 | ₹78 Cr | -₹54 Cr |
| FY2024 | ₹85 Cr | ₹40 Cr |
| FY2025 | ₹18 Cr | -₹100 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹1,541 Cr+66.6%1Y
- Net profit
- ₹156 Cr+246.7%1Y
- Cash from operations
- ₹18 Cr
- Free cash flow
- -₹100 Cr-350.0%1Y
- Revenue CAGR, 5Y
- 25.3%
- EBITDA CAGR, 5Y
- 26.9%
- Net profit CAGR, 5Y
- 32.5%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹1,541 Cr | ₹249 Cr | — | ₹156 Cr | ₹18 Cr | -₹100 Cr | 39.3% | +66.6% | +246.7% |
Monthly returns
Month-by-month returns of UTLSOLAR across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹1,014 Cr |
| Equity capital | ₹28 Cr |
| Reserves | ₹369 Cr |
| Borrowings | ₹395 Cr |
| Other liabilities | ₹222 Cr |
| Assets | ₹1,014 Cr |
| Fixed assets | ₹418 Cr |
| Capital work in progress | ₹0 Cr |
| Investments | ₹0 Cr |
| Other assets | ₹596 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
UTLSOLAR trades at 35.6x earnings against a peer median of 38.3x.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Fujiyama Power Systems LimitedUTLSOLARthis company | ₹6,662 Cr | 35.6x | — | 18.8% | 66.7x |
| Maharashtra Seamless Ltd.MAHSEAMLES | ₹6,988 Cr | 8.8x | 1.1x | 17.4% | 4.8x |
| LLOYDS ENGINEERING WORKS LIMITEDLLOYDSENGG | ₹6,970 Cr | 68.8x | 5.2x | 19.5% | 64.3x |
| Diamond Power Infrastructure LimitedDIACABS | ₹6,926 Cr | 118.0x | -9.7x | -1.7% | 170.5x |
| Kirloskar Pneumatic Co.Ltd.KIRLPNU | ₹6,830 Cr | 35.8x | 6.0x | 14.4% | 30.9x |
| AJAX Engineering LimitedAJAXENGG | ₹6,581 Cr | 26.2x | 5.3x | 24.5% | 20.7x |
| EPL LIMITEDEPL | ₹6,577 Cr | 28.2x | 6.1x | 18.6% | 20.5x |
| Mishra Dhatu Nigam LimitedMIDHANI | ₹6,393 Cr | 59.8x | 4.4x | 6.9% | 28.8x |
| Suprajit Engineering Ltd.SUPRAJIT | ₹6,296 Cr | 24.9x | 4.5x | 18.1% | 18.5x |
| Peer median | — | 38.3x | 5.2x | 15.2% | 25.8x |
Year-to-date ROI
UTLSOLAR since 1 January, against earlier years.
Historical volatility
UTLSOLAR's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 9.0% |
| FY2022 | 9.0% |
| FY2023 | 8.0% |
| FY2024 | 11.0% |
| FY2025 | 16.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹1,541 Cr |
| Costs | |
| Interest | ₹27 Cr |
| Expenses | ₹1,292 Cr |
| Operating profitOperating Profit | ₹249 Cr |
| Other income and charges | |
| Profit before tax | ₹213 Cr |
| Tax | |
| Net profitNet Profit | ₹156 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹1,014 Cr |
| Equity capitalEquity Capital | ₹28 Cr |
| Reserves | ₹369 Cr |
| Borrowings | ₹395 Cr |
| Other liabilitiesOther Liabilities | ₹222 Cr |
| AssetsTotal Assets | ₹1,014 Cr |
| Fixed assetsFixed Assets | ₹418 Cr |
| Capital work in progressCWIP | ₹0 Cr |
| Investments | ₹0 Cr |
| Other assetsOther Assets | ₹596 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹18 Cr |
| Investing cash flowCash from Investing Activity | -₹118 Cr |
| Financing cash flowCash from Financing Activity | ₹104 Cr |
| Change in cashNet Cash Flow | ₹4 Cr |
Learn while you research
Academy chapters picked for Fujiyama Power Systems Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 35.6, learn when high multiples are justified.6 min read
- 04 Growth Investing67% revenue growth is in the top tier, learn how to value growth.7 min read
- 05 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 06 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read