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Ahasolar Technologies Ltd (543941) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

BSE: 543941 NSE: | IT - Software | Small Cap

Ahasolar Tech Share Price

88 5.25 (6.34%)
As on 15-Apr'26 16:59

Ahasolar Technologies Ltd (543941)

BSE: 543941 NSE:
Key Metrics
Market Cap
₹27 Cr.
P/E Ratio
0.00
Price to Book (P/B)
1.84
Price to Sales (P/S)
0.70
EV/EBITDA
-35.37
Return on Capital Employed (ROCE)
-6.19%
Current Price
₹88
Return on Equity (ROE)
-6.67%
Return on Assets (ROA)
-5.74%
Operating Profit Margin
-2.8%
Net Profit Margin
-2.6%
Gross Profit Margin
-1.7%
Book Value per Share
₹47.7
Sales Growth (YoY)
-7.23%
Sales Growth (3 Years)
31.55%
Operating Profit Growth (1 Year)
NA%
Operating Profit Growth (3 Years)
NAN%
Net Profit Growth (1 Year)
-2650%
52-Week Low / High
₹59 / 136
Net Profit Growth (3 Years)
NAN%
Dividend Yield
0.00%
Promoter Holding
36.95%
Pledged shares (%)
of Promoter's holding (%)
0.00%

Check Before You Invest

Q.1 Revenue growth of Ahasolar Technologies Ltd?
Ahasolar Technologies Ltd revenue growth is -7.2% for FY-2025 , which is below its 5 year CAGR of 97.7% , indicating slower growth.
Q.1 Promoter shareholding and pledge status of Ahasolar Technologies Ltd?
Promoters hold 36.95% of the Ahasolar Technologies Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Revenue growth of Ahasolar Technologies Ltd vs industry peers?
Ahasolar Technologies Ltd revenue CAGR is 97.74% , compared to the industry median CAGR of 2.48% , indicating faster growth and gaining its market share.
Q.1 Which industry/sub-sector does Ahasolar Technologies Ltd belong to?
Ahasolar Technologies Ltd belongs to the IT & ITES sector, operating specifically within the IT - Software segment.
Q.1 Stock return of Ahasolar Technologies Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -8.64% based on the current price.

DeciZen - make an informed investing decision on Ahasolar Tech

Based on:

M-Cap below 100cr DeciZen not available

Ahasolar Technologies stock performance

Key Ratios
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Is Ahasolar Technologies Ltd an attractive stock to invest in?

1. Is Ahasolar Technologies Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ahasolar Technologies Ltd is a below average quality company.

2. Is Ahasolar Technologies Ltd undervalued or overvalued?

The key valuation ratios of Ahasolar Technologies Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Ahasolar Technologies Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ahasolar Technologies Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray :

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ahasolar Technologies Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 9.4%37%108.3%59.1%0.6%-6.2%-
Value Creation
Index
-0.31.76.73.2-1.0-1.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1.31.917.120.9423939
Sales YoY Gr.-45.7%811.2%21.8%101.4%-7.2%-
Adj EPS 0.10.54.37.10.1-3.3-3.3
YoY Gr.-276.9%773.5%64.7%-98%-2428.6%-
BVPS (₹) 0.10.64.917.65147.747.7
Adj Net
Profit
00.10.71.60-1-1
Cash Flow from Ops. -0.20.10.3-0.3-1.4-1.8-
Debt/CF from Ops. -1.22.31.800-0.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA97.7%31.6%-7.2%
Adj EPS NA-290.5%-191.3%-2428.6%
BVPSNA225.8%113.4%-6.5%
Share Price - - - -11.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
96.5129.3154.666.80.4-6.6-6.9
Op. Profit
Mgn %
1.965.58.6-0.3-2.8NAN
Net Profit
Mgn %
1.64.247.70.1-2.6-2.6
Debt to
Equity
10.72.40.7000.1-
Working Cap
Days
0202254866890
Cash Conv.
Cycle
0-44993130450

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 31.55%

Return on Equity is Poor

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials

Standalone Consolidated
TTM EPS (₹) -3.3 -3.1
TTM Sales (₹ Cr.) 39 58
BVPS (₹) 47.7 47.9
Reserves (₹ Cr.) 12 12
P/BV 1.84 1.84
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 58.90 / 136.00
All Time Low / High (₹) 58.90 / 657.75
Market Cap (₹ Cr.) 27.1
Equity (₹ Cr.) 3.1
Face Value (₹) 10
Industry PE 23.3

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Ahasolar Tech - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

data not found
No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1.291.8817.1320.8742.0439
Operating Expenses > + 1.261.7616.1919.0842.1640.10
Manufacturing Costs0.010.010.010.020.030.05
Material Costs-0.100.1114.5315.6135.5728.54
Employee Cost 0.230.380.661.992.936.45
Other Costs > 1.121.270.981.463.635.06
Operating Profit > 0.020.110.941.79-0.12-1.10
Operating Profit Margin (%) 1.9%6.0%5.5%8.6%-0.3%-2.8%
Other Income > + 000.010.010.480.51
Exceptional Items > 000000
Interest > 00000.010.08
Depreciation > 000.030.210.300.38
Profit Before Tax > 0.020.110.931.580.06-1.05
Tax > 00.030.24-0.020.01-0.03
Profit After Tax 0.020.080.691.600.04-1.02
PAT Margin (%) 1.6%4.2%4.0%7.7%0.1%-2.6%
Adjusted EPS (₹)0.10.54.37.10.1-3.3
Dividend Payout Ratio (%)0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 0.020.100.793.9915.7314.71
Share Capital 0.010.010.012.263.083.08
Reserves 0.010.090.781.7212.6411.63
Debt +0.230.240.58000.71
Long Term Debt0.230.240.58000
Short Term Debt000000.71
Minority Interest000000
Trade Payables1.040.290.390.140.230.62
Others Liabilities 0.100.220.621.071.352.04
Total Liabilities 1.390.852.375.1917.3218.08

Fixed Assets

Net Fixed Assets +0.020.020.540.780.961.16
Gross Block0.020.030.571.021.502.08
Accumulated Depreciation00.010.030.250.540.92
CWIP 00000.962.03
Investments 000000.01
Inventories0.110000.020.02
Trade Receivables0.350.211.372.824.516.08
Cash Equivalents flag 00.120.230.484.237.02
Others Assets 0.900.510.231.116.631.76
Total Assets 1.390.852.375.1917.3218.08

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -0.200.100.32-0.27-1.42-1.84
PBT 0.020.080.691.580.06-1.05
Adjustment 000.030.21-0.16-0.05
Changes in Working Capital -0.220.02-0.39-1.58-1.1-0.47
Tax Paid 000-0.47-0.22-0.27
Cash Flow From Investing Activity + -0.02-0.01-0.54-0.44-7.772.07
Capex -0.02-0.01-0.54-0.45-1.44-1.65
Net Investments 0000-6.483.30
Others 0000.010.160.42
Cash Flow From Financing Activity + 0.220.010.340.9211.690.63
Net Proceeds from Shares 0001.5011.700
Net Proceeds from Borrowing 0.220.010.34-0.5800
Interest Paid 000-0-0.01-0.08
Dividend Paid 000000
Others 000-000.71
Net Cash Flow 00.110.120.212.500.86

Finance Ratio

PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)95.83129.25154.5966.890.43-6.67
ROCE (%)9.4437.03108.3259.130.64-6.19
Asset Turnover Ratio0.931.6710.615.523.742.2
PAT to CFO Conversion(x)-101.250.46-0.17-35.5N/A
Working Capital Days
Receivable Days985417373250
Inventory Days3200000
Payable Days-3,9122,1538625

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Ahasolar Technologies Ltd FAQs

The current trading price of Ahasolar Tech on 15-Apr-2026 16:59 is ₹88.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 14-Apr-2026 the market cap of Ahasolar Tech stood at ₹27.12 Cr

The latest P/E ratio of Ahasolar Tech as of 14-Apr-2026 is 0.00.

The latest P/B ratio of Ahasolar Tech as of 14-Apr-2026 is 1.84.

The 52-week high of Ahasolar Tech is ₹136.0 and the 52-week low is ₹58.90.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ahasolar Tech is ₹39.00 ( Cr.) .

About Ahasolar Technologies Ltd

The company was originally incorporated as “Ahasolar Private Limited” as a Private Limited Company under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated July 28, 2017, issued by the Registrar of Companies, Central Registration Centre. Pursuant to a special resolution passed by the company’s Shareholders in the Extra-Ordinary General Meeting held on December 15, 2022, the name of the company was changed to “Ahasolar Technologies Private Limited” and a fresh certificate of incorporation dated December 22, 2022 was issued to the company by the Registrar of Companies, Ahmedabad. Subsequently, pursuant to a special resolution passed by its Shareholders in the ExtraOrdinary General Meeting held on December 26, 2022, the company was converted from a private limited company to public limited company and consequently, the name of the Company was changed to “Ahasolar Technologies Limited” and a fresh certificate of incorporation dated January 06, 2023 was issued to the Company by the Registrar of Companies, Ahmedabad. 

The company is engaged in the business of CleanTech enabling Energy Transition through Digital Transformation and henceforth empowering stakeholders to adopt renewable energy. The company does this through multiple digital solutions and advisory in the field of renewable energy. The company is a DPIIT recognised startup and registered vide registration no. DIPP34701. The core idea of AHAsolar to work in the space of Climate Change, Renewable and Digital space. The company’s primary focus in renewable energy has been in solar industry and to cater it it developed an AI based intelligent Solar Digital Platform. It has developed Software as a Service (SaaS) productsfor solar companies to streamline the processes, design PV, do project management and monitor generation along-with an integrated Marketplace to connect the demand & supply digitally. Apart from this, another SaaS product is for the governments to implement the distributed renewable programme in their services area. Since the company’s inception, it has been working with multiple national, internaltional, government and private companies in enabling them to accelerate the adoption of solar through its solutions. In terms of software sales it is providing its services to Solar companies, Original Equipment Manufacturers and the governments and in terms of advisory it has been rendering its services to Solar EPC Companies and Corporate Consultancy Firms on Solar Project Management and Solar Plant Audits. 

The company has two SaaS products namely; For Government Agencies: AHAsolar Unified Portal; and For Solar Companies: AHAsolar Helper and Sun Analyzer. The company has developed the Unified Single Window Solar Portal (the Portal or AHAsolar Unified Portals) for multiple states nodal agencies like Gujarat Energy Development Agency (GEDA), Gujarat Urja Vikas Nigam (GUVNL), Goa Energy Development Agency (Goa EDA), Jammu & Kashmir Energy Development Agency (JAKEDA), etc. The second SaaS product i.e., AHAsolar Helper. It is a one stop solution for the Solar EPC Company and offers convenience to manage the Projects with completely integrated software solution of CRM, ERP, Design, Project and Team Management. It is designed for Solar EPC Companies who want to keep their Sales & Operation in order using AI to standardize, connect and automate solar and renewable operations, project management, designing and procurement. This helps the Solar EPC companies to manage their work properly and efficiently. 

Business area of the company

Incorporated in 2017, Ahasolar Technologies is engaged in the business of CleanTech enabling Energy Transition through Digital Transformation and henceforth empowering stakeholders to adopt renewable energy.

Major events

  • 2017: Incorporation of the company.
  • 2022: Change in name of the company from ‘Ahasolar Private Limited’ to ‘Ahasolar Technologies Private Limited’.
  • 2023: Conversion of the company from Private Limited to Public Limited.


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