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Emmvee Photovoltaic Power Limited

Founded in March 2007, Emmvee Photovoltaic Power Limited is an integrated manufacturer of solar PV modules and cells. As of May 31, 2025, the company has a production capacity of 7.80 GW for modules and 2.94 GW for solar cells. Its product range includes bifacial and mono-facial TOPCon modules and cells, as well as Mono PERC modules. Emmvee operates four manufacturing units across two locations in Karnataka, covering 22.44 acres. Its solar cell unit at Dobbaspet, Bengaluru, is among the largest TOPCon solar cell facilities in India by capacity. The company serves a wide range of customers, including independent power producers, commercial and industrial clients, and EPC service providers from both public and private sectors. Key clients include Ayana Renewable Power, Hero Rooftop Energy, Aditya Birla Renewables, KPI Green Energy, and Clean Max Enviro Energy, among others, serving a total of 525 customers in 2023. As of March 31, 2025, Emmvee employed 611 full-time staff members.

₹206 - ₹2171.02x sub
Listed Price217.00
Listing Gain+0.00%
Peer Comparison-Financial performance and valuation from the IPO detail feed
Financial Performance

Emmvee Photovoltaic Power Limited

NAV/Share (₹)8.95
RONW(%)69.44
EPS (Basic) (₹)6.22

Websol Energy System Ltd

NAV/Share (₹)65.88
RONW(%)55.65
EPS (Basic) (₹)36.66

Waaree energies limited

NAV/Share (₹)329.96
RONW(%)20.34
EPS (Basic) (₹)68.24

R S premier energies limited

NAV/Share (₹)62.61
RONW(%)55.65
EPS (Basic) (₹)21.35

Vikram Solar Limited

NAV/Share (₹)39.24
RONW(%)11.26
EPS (Basic) (₹)4.61

Saatvik Green Energy Limited

NAV/Share (₹)30.14
RONW(%)63.41
EPS (Basic) (₹)19.09
Valuation

Emmvee Photovoltaic Power Limited

P/E(X)0
CMP* (₹)0
Face value (₹)0

Websol Energy System Ltd

P/E(X)33.83
CMP* (₹)0
Face value (₹)0

Waaree energies limited

P/E(X)50.47
CMP* (₹)0
Face value (₹)0

R S premier energies limited

P/E(X)51.30
CMP* (₹)0
Face value (₹)0

Vikram Solar Limited

P/E(X)70.97
CMP* (₹)0
Face value (₹)0

Saatvik Green Energy Limited

P/E(X)27.49
CMP* (₹)0
Face value (₹)0