IPO Details

About Company

Himalayan Solar Ltd., incorporated in 2015, is a prominent player in the renewable energy sector, focusing primarily on solar energy solutions. The company operates independently and is not affiliated with any larger corporate group. Its business model revolves around the manufacturing and distribution of solar panels, inverters, and related equipment, catering to both residential and commercial markets. With a manufacturing facility located in Himachal Pradesh, Himalayan Solar boasts a production capacity of 500 MW annually, ensuring a robust supply to meet growing demand. The company has established a significant geographic presence across India, with distribution networks extending to major states including Punjab, Haryana, and Uttarakhand, facilitating efficient logistics and customer service. In the latest financial year, Himalayan Solar reported a total income of INR 250 crore, with a net profit of INR 30 crore, reflecting a healthy EBITDA margin of 18%. The company has achieved a Return on Capital Employed (ROCE) of 12% and a Return on Equity (ROE) of 15%, while maintaining a manageable Debt-Equity ratio of 0.5. The objectives of the upcoming IPO include raising funds for expansion into new markets, enhancing manufacturing capabilities, and repaying existing debts. Post-issue, the market capitalisation is anticipated to reach INR 1,200 crore, with an expected Earnings Per Share (EPS) of INR 10 and a Price-to-Earnings (P/E) ratio of 20. Investor sentiment appears optimistic, driven by the increasing focus on renewable energy and government incentives, positioning Himalayan Solar Ltd. as a compelling investment opportunity in the green energy space.