Solar stock jumps after its Order Book Exceeds 2x Its Market Cap

Synopsis: Solarium Green Energy’s Rs. 852.28 crore order book, more than twice its Rs. 382 crore market capitalisation, provides strong revenue visibility. Ground-mounted solar projects lead the pipeline, highlighting the company’s growing focus on utility-scale EPC projects and renewable energy expansion. 

The shares of this solar energy company which specialises in integrated solar solutions and turnkey services are in the spotlight after it rose over 2 per cent in today’s market session following the announcement that its order book stood at Rs. 852.28 crore as of June 30, 2026.

With a market capitalisation of Rs. 382 cr, the shares of Solarium Green Energy Ltd were trading at Rs. 183 per share, increasing over 2% in today’s market session, making a high of Rs. 183.50, up from its previous close of Rs. 179.65 per share. 

The stock has delivered mixed performance across different timeframes, declining 61% over the past year, 22% year-to-date, and 23% over the past six months, while gaining 4% in the last month.

What’s the News

Solarium Green Energy Ltd has announced that its order book stood at Rs. 852.28 crore as of June 30, 2026, which is more than 2.2 times its current market capitalisation of Rs. 382 crore reflecting a strong pipeline of projects pending execution. The order book includes contracts across the company’s engineering, procurement and construction (EPC) business and solar product supply segment, covering utility-scale, government, institutional, residential, commercial, and industrial customers.

The largest share of the order book comes from ground-mounted solar projects, which account for Rs. 467.50 crore (around 55%), followed by solar module supply at Rs. 310.47 crore (around 36%). The remaining Rs. 74.31 crore (around 9%) comes from other business segments. This mix highlights the company’s growing focus on large utility-scale EPC projects.

The robust order pipeline strengthens Solarium Green Energy’s position in India’s renewable energy sector and provides strong revenue visibility for the coming years. Along with its expanding utility-scale business, the company continues to serve residential, commercial, industrial, and government customers while manufacturing solar PV modules and supplying products such as inverters and ABT meters. 

Solarium Green Energy Ltd. is an India-based renewable energy company specializing in the design, engineering, procurement, construction (EPC), and maintenance of solar power projects. The company provides end-to-end solar energy solutions for residential, commercial, industrial, and institutional customers, including rooftop and ground-mounted solar installations.

The company reported a strong financial performance in FY2026, with revenue from operations of Rs. 368 crore, registering a 3-year CAGR of 55%. EBITDA stood at Rs. 35 crore, growing at a 3-year CAGR of 83%, while profit after tax (PAT) reached Rs. 20 crore, reflecting a 3-year CAGR of 86%. The company has a presence across around 15 states and Union Territories and is supported by a workforce of more than 400 employees.

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