Emmvee Photovoltaic Power Ltd (NSE: EMMVEE, BSE: 544608) is a Bengaluru, Karnataka-based company in the Photovoltaic Cells industry. With a market capitalisation of ₹16,352 Cr, it ranks #407 by market cap among the 6,197 Indian listed companies on FinBizNet, and #2 of 3 in Photovoltaic Cells. At ₹264.48 (as of 9 Nov 2026), the share price is 28.8% below its 52-week high of ₹371.55 and 54.2% above its 52-week low of ₹171.51.
| Current Price | ₹264.48 |
|---|---|
| Market Cap | ₹16,352 Cr |
| NSE Symbol | EMMVEE |
| BSE Code | 544608 |
| Sector | Information Technology > Semiconductors and Semiconductor Equipment |
| Sub-Industry | Semiconductors > Photovoltaic Cells |
| P/E Ratio | 13.8 |
| Return on Equity | 29.27% |
| Return on Assets | 18.57% |
| 52-Week Range | ₹171.51 – ₹371.55 |
| 3-Month Price Change | -18.3% |
| Beta (1Y) | 0.68 |
| Dividend Yield | 0.42% |
| Headquarters | Bengaluru, Karnataka |
| Website | emmveepv.com |
| Revenue | ₹1,576 Cr |
|---|---|
| Net Profit | ₹382 Cr |
| Net Margin | 24.2% |
| EPS (Basic) | ₹5.52 |
| Basis | consolidated |
Figures in ₹ crore, parsed from the company's exchange filing (XBRL).
Emmvee Photovoltaic Power Ltd reported revenue of ₹1,576 Cr in Q2 FY27, up 39.4% from ₹1,131 Cr in Q2 FY26 and up 1.3% from ₹1,556 Cr in Q1 FY27. It posted a net profit of ₹382 Cr for the quarter, against a net profit of ₹238 Cr in Q2 FY26 (up 60.6%). Across the 5 quarters from Q2 FY26 to Q2 FY27, quarterly revenue ranged from ₹1,131 Cr (Q2 FY26) to ₹1,739 Cr (Q4 FY26). The company was profitable in each of these 5 quarters.
| Quarter | Revenue | Net Profit | Net Margin |
|---|---|---|---|
| Q2 FY27 | ₹1,576 Cr | ₹382 Cr | 24.2% |
| Q1 FY27 | ₹1,556 Cr | ₹380 Cr | 24.4% |
| Q4 FY26 | ₹1,739 Cr | ₹392 Cr | 22.6% |
| Q3 FY26 | ₹1,152 Cr | ₹264 Cr | 22.9% |
| Q2 FY26 | ₹1,131 Cr | ₹238 Cr | 21.0% |
Consolidated figures (₹ crore, XBRL filings).
Promoters held 80.03% of Emmvee Photovoltaic Power Ltd's shares as of Sept 2026, unchanged from Nov 2025. Delivery averaged 41.0% of traded volume across 16 NSE sessions (15 Oct 2026 – 9 Nov 2026).
Emmvee Photovoltaic Power Limited manufactures and sales solar cells, photovoltaic modules, and photovoltaic systems across India and Europe. Its products include TopCon Photovoltaic Module and TopCon Photovoltaic cells. It also executes grid and off-grid photovoltaic power projects on a turnkey basis and operates solar power plants. The company serves independent power producers, entities operating in the commercial and industrial sector, and engineering, procurement and construction service providers in both public and private sectors. The company was incorporated in 2007 and is based in Bengaluru, India.
1. Photovoltaics Modules (PV)-This segment manufactures and sells photovoltaic modules, cells, and photovoltaic systems. 2. Engineering, Procurement, and Construction (EPC)-This segment undertakes engineering, procurement, and construction projects within the solar sector. 3. Others-This segment offers solar pump; supplies and installs solar photovoltaic water pumping system; and sells power generated from the independent power producing plant. 4. Inter-Segment/Eliminations-NA
1. Photovoltaics Modules (PV)-113.3% 2. Engineering, Procurement, and Construction (EPC)-1.7% 3. Others-0.8%
| Company | Market Cap | P/E | ROE | Latest Qtr Revenue | 1Y Change |
|---|---|---|---|---|---|
| Waaree Energies Ltd | ₹66,850 Cr | 25.1 | 31.57% | ₹7,518 Cr | -28.7% |
| Emmvee Photovoltaic Power Ltd | ₹16,352 Cr | 13.8 | 29.27% | ₹1,576 Cr | — |
| Surana Solar Ltd | ₹105 Cr | 85.4 | 2.18% | ₹10 Cr | -25.6% |
Listed by market capitalisation. Ratios are shown for context only.
Emmvee Photovoltaic Power Ltd is trading at ₹264.48, with a market capitalisation of ₹16,352 Cr.
Emmvee Photovoltaic Power Ltd operates in the Information Technology > Semiconductors and Semiconductor Equipment space (Semiconductors > Photovoltaic Cells).
Emmvee Photovoltaic Power Ltd has a P/E of 13.8 and a return on equity of 29.27%.
Emmvee Photovoltaic Power Ltd is listed on the NSE under the symbol EMMVEE and on the BSE under the scrip code 544608.
In Q2 FY27, Emmvee Photovoltaic Power Ltd reported revenue of ₹1,576 Cr and net profit of ₹382 Cr, with basic EPS of ₹5.52 (consolidated, parsed from the company's exchange filing).
Emmvee Photovoltaic Power Ltd reported revenue of ₹1,576 Cr in Q2 FY27, up 39.4% from ₹1,131 Cr in Q2 FY26 and up 1.3% from ₹1,556 Cr in Q1 FY27.
Promoters held 80.03% of Emmvee Photovoltaic Power Ltd's shares as of Sept 2026, unchanged from Nov 2025.
Data as of 9 Nov 2026. Descriptive market data only — not investment advice.