Sahaj Solar Limited · NSE:SAHAJSOLAR
Sahaj Solar — Investor Presentation (April 2025)
34 slides from Sahaj Solar's investor presentation, Apr 25, 2025
Slide 1: Investor Presentation FY25 Sahaj Solar Limited
Investor Presentation FY25 Sahaj Solar Limited 1
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by and is the sole responsibility of Sahaj Solar Limited. By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or inducement to sell or i
Slide 3: Company at a Glance Product Portfolio
01 02 03 Company at a Product Portfolio Industry Overview Glance 04 05 06 Key Differentiators Business Strategies Financial Performance 3
Slide 4: Vision and Mission
Vision and Mission Our Vision is to be a leading player in renewable energy segment in the world. We will create a world, where renewable energy. Our Mission is to help & serve every individual and organization in each and every aspect of their renewable energy need by reducing cost, scouting and ge
Slide 5: Sahaj Solar – Sustainability through Clean Energy
Sahaj Solar – Sustainability through Clean Energy 14 Years 39% 304Cr Manufacturing track record Return on equity (FY25) Order Book as of March 31, 2025 52% 40,000+ 1500 MW Revenue CAGR % Solar water pump Upcoming Capacity (FY21-25) executed by FY26-27 13% 100 MW 27 MW EBITDA Margin (FY25) Annual Cap
Slide 6: Business Overview
ai. : | -- Business - Overview
Slide 7: Business Model built on Multiple Moats
Business Model built on Multiple Moats 9.1% 3.4% 87.5% 3.4% 87.50 87.5% % Manufacturing of Solar Products EPC & Other Solar Water Pumps Solutions Services Integrated PV manufacturing Profitable business Customizable to meet plant production facility in segment with in-house the energy needs of Gujar
Slide 8: Strategic Growth Drivers
Strategic Growth Drivers Innovation and Research International Footprint Manufacturing of Anti-Soil coated Expanding current production capacity in Solar Panels with TOPCON technology. Uganda, Zambia and Kenya. 52% 40% 35% 30% Brand Positioning Capacity Expansion Expanding presence in rural areas Ex
Slide 9: Revenue grew 5x in four years..
Revenue grew 5x in four years.. REVENUE (IN INR CR) FY2025 330 FY2024 Expanding product FY2023 portfolio with AC< distribution panel o Manufacturing of Anti- and CSS[Compact Sub- Soil coated Solar Panels… Station]… 201 185 o Tapping into Rectangular Becoming a developer o Leveraged Strategic P
Slide 10: Our USPs
Our USPs Advanced For vertical integration like Over a decade of experience as Technological battery storage and nano- Manufacturing a leading medium-sized solar Global technology enhanced anti-soil Expertise panel manufacturer Partnerships coating for solar panels Positioned in Gujarat, India’s End
Slide 11: Diversified and Growing Business Segments (FY'25)
Diversified and Growing Business Segments (FY’25) Geographic Product Wise Customer Wise Presence o Manufacturing of o Government o Domestic Solar Products Projects Presence o Solar Water o Non-Government o Exports Statewise Domestic Revenue Breakup Pumping Projects Solutions West Assam, Bengal, 3.0%
Slide 12: Manufacturing of Solar Panels: Strong Growth Ahead
01. Manufacturing of Solar Panels: Strong Growth Ahead Revenue from PV module Segment Installed Capacity (MW) (Rs. Crores) Existing Capacity 56 54 1600 State of art solar PV module manufacturing capacity of 44 41 100 MW at its plant in Bavla, Gujarat. 30 5 100 FY21 FY22 FY23 FY24 FY25 FY14 FY23 FY26
Slide 13: Global Energy Landscape for Solar
Global Energy Landscape for Solar In the next 5 years… 9374 GW Global installed power generation ~280 GW c.3000 GW Share of Renewables Share of Renewables from Solar Power c.470 GW Expected in 2030, India’s share of power generation capacity Increase from 22% to 34% in next few years c.103 GW Share
Slide 14: Fully Integrated Solar Water Pumping Solutions
2. Fully Integrated Solar water Pumping Solutions Backward Fo r wa rd Integration Integration In-house fabrication of major components has helped Domestic market: the company build a strong connect on the grounds of o Operates through government orders- no dealer or project execution and implementat
Slide 15: Exponential Growth Segment
Exponential Growth Segment Revenue from Solar Water Pumps (Rs. Crores) Solar Water Pump as a % of Revenue 288 88% 71% 70% 132 142 21% 21 5% 3 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 o The revenue contribution from solar water pumping solutions increased from 5% in FY’21 to 87.5+% in FY’25.
Slide 16: Government reforms supporting Solar water Pumps Solutions
Government reforms supporting Solar water Pumps Solutions Madhya Pradesh has issued tenders for 1,500 MW of solar Rajasthan surpassed 12 GW of projects under Component C of solar capacity in FY25, becoming the PM-KUSUM scheme, 01 03 a frontrunner in hybrid systems. focusing on feeder-level Its 2030
Slide 17: Enhancing the PAN India Presence and capitalizing on promising markets..
Enhancing the PAN India Presence and capitalizing on promising markets.. By Region By Product o Solar water pump solutions Project Executor o AC Pumps for “number” of projects for states like o DC Pumps Haryana, Madhya Pradesh , Maharashtra, Tripura, Assam & Gujarat. o In progress to set up a 4.8 MW
Slide 18: Offering End to End solutions: Strong EPC Skill set
03. Offering End to End solutions: Strong EPC Skill set Domestic Pipeline: Provider of Ground Mount Solar Systems, Estimated Project rooftop solar power plants, solar streetlights, Client Value Status solar mobile trolleys, home lights and off grid Type (Rs. Cr) power plants. MSEDCL Kusum B 200 Awar
Slide 19: A Workforce that sets the Standard for Success
04. A Workforce that sets the Standard for Success Pramit Kanaksinh Manan Brahmbhatt Gohil Brahmbhatt Chief Financial Managing Director Executive Director Officer Mr. Pramit Brahmbhatt, Managing Mr. Kanaksinh Gohil, Director of Sahaj Solar Mr. Manan Brahmbhatt with expertise in Director of Sahaj Sol
Slide 20: Empaneled partner for various GOI Projects
Empaneled partner for various GOI Projects 1.3 Crores 97.95% 16 Crores 329.8 Crores 134.4 Crores 117.3 Crores 83.64% 76.06% 72.51% 58.29% 41.71% 23.49% 27.49% 16.40% 2.05% FY21 FY22 FY23 FY24 FY25 Government Orders Non-Government Orders - GUVNL (Gujarat) Partnered with JAL JEEVEN MISSION Schemes lik
Slide 21: Future Guidance
Future Guidance Key Drivers 35%+ Upcoming projects estimated to be completed by FY’26 totaling ~340 Cr. Revenue Growth Massive capacity expansion from 100 MW to 1600 (3 Years CAGR) MW by FY’26. 750 MW to be completed by Oct25’. Invested in new innovative technology for Solar 12%+ Panel with an
Slide 22: Financial Performance
Financial Performance 02 22
Slide 23: Financial Performance
Financial Performance Revenue (in INR crores) EBITDA (in INR crores) & EBITDA Margin(%) PAT (in INR Cr) & PAT Margin(%) 330 12% 13% 8% 7% 185 201 5% 5% 6% 28 42 3% 2% 62 67 24 1% 13 3 4 11 1 1 6 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Total Working Capital days ROE
Slide 24: Key Performance Indicators
Key Performance Indicators Key Financial FY22 FY23 FY24 FY25 3Y-CAGR Performance Revenue from Operations 67 185 201 330 70% EBITDA 4 11 24 42 121% EBITDA Margin 6% 6% 12% 13% - PAT 1 6 13 28 201% PAT Margin 2% 3% 7% 8% - (Rs. In Crores except percentages and ratios) Note: Figures have been rounded o
Slide 25: Key Performance Indicators
Key Performance Indicators Key Financial FY24 FY25 YoY H2FY25 H1FY25 HoH Performance Revenue from 201 330 64% 232 98 136% Operations EBITDA 24 42 73% 33 9 302% EBITDA Margin 12% 13% - 15% 9% - PAT 13 28 109% 23 5 387% PAT Margin 7% 8% - 10% 5% - (Rs. In Crores except percentages and ratios) Note: Fi
Slide 26: Statement of Profit and Loss
Statement of Profit and Loss Particulars FY24 FY25 YoY H2FY25 H1FY25 HoH Revenue from Operations 201 330 64% 232 98 136% Other income 1 1 - 0 1 - Total Income 202 331 - 232 99 - COGS 153 264 - 182 82 - Gross Profit 49 66 35% 50 16 199% Margin 24% 20% - 21% 17% - Employee benefits expense 4 5 - 3 2 -
Slide 27: Statement of Balance Sheet
Statement of Balance Sheet Particulars FY22 FY23 FY24 FY25 Particulars FY 22 FY 23 FY24 FY25 Equity and Liabilities Non-Current Assets PPE, Intangible Assets and Shareholders’ funds - - - - 8 8 7 6 Capital WIP a. Share capital 5 8 8 11 Non-Current Investment - - - - b. Reserves and surplus 5 9 25 98
Slide 28: CAPEX Plan ~CY'25
CAPEX Plan ~CY’25 CAPEX Plans Land & Plant & Building Machinery Building Others Imported Miscellaneous Rs. 17 Cr Rs. 2.2 Cr Rs. 25 Cr Rs. 0.8 Cr *First 750MW expansion estimated to be completed by October 2025. 28
Slide 29: Annexures
Annexures 03 29
Slide 30: Strong, Driven Board..
Strong, Driven Board.. Sureshchandra Amita Jatin Parikh Dilip Balshankar Nahrsinh Rao Joshi Non-Executive Director Independent Director Independent Director S. N. Rao, Non-Executive Director at Sahaj Solar Amita Parikh, Independent Director at Sahaj Solar Dilip Joshi, Independent Director at Sahaj S
Slide 31: Diversifying Client Base
Diversifying Client Base Contribution from Top 10 Clients 90% 83% 67% FY23 FY24 FY25 31
Slide 32: Our Projects
OUR PROJECTS Industrial Solar Rooftop Projects Residential Solar Rooftop Projects Solar Street Light & High Mast Solar Micro Grid Projects Solar Water Pumping Projects Solar Car Port Projects Projects
Slide 33: Growing Energy Landscape for Solar
Growing Energy Landscape for Solar Global Scenario for 2025 Indian Scenario for 2025 ~470 GW c.9374 GW 02 India’s share of power generation capacity Global installed power generation capacity ~103 GW c.3000 GW India’s Share of renewables from Solar Power Share of Renewables 01 expected to increase f
Slide 34: Let's Connect!
Let’s Connect! Sahaj Solar Limited Company Contact: Poonam Panchal Company Secretary cs@sahajsolar.com Investor Relations Contact: Investor Relations Contact: Nikhar Arora Janhavi Kankriya Research Associate Research Associate nikhar@goindiaadvisors.com janhavi@goindiaadvisors.com 34