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Himalayan Solar IPO is a Book Building listing on NSE EMERGE exchange, with an ipo size of ₹ [●] Cr. The company is based in Panchkula and caters to Solar sector. Finshore Management Services is the merchant banker of Himalayan Solar IPO. It is a SME Upcoming IPO which filed its Draft Red Herring Prospectus (DRHP) on 26th September 2025.
Himalayan Solar IPO posted revenues of ₹ 142.43 Cr. and PAT of ₹ 15.85 Cr. in FY25 on annualised basis.
Revenue:
₹ 142.43 Cr.
EBITDA Margin:
17.38
% 
Net Worth: ₹ 25.87 Cr.
Market Capitalisation:
[●]
P/E:
[●]
P/BV: [●]
EV/EBITDA: 0.81 times
Financial results of Himalayan Solar IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.
| Financials | FY25 | FY24 | FY23 | ||
|---|---|---|---|---|---|
|
Balance Sheet
|
|||||
| Assets | 93.83 | 84.13 | 32.54 | ||
| Net Worth | 25.87 | 10.32 | 5.38 | ||
| Total Debt | 26.93 | 23.53 | 18.98 | ||
|
Profit & Loss
|
|||||
Revenue
Revenue on annualised basis |
142.43 | 138.31 | 47.58 | ||
EBITDA
EBITDA on annualised basis |
24.76 | 8.46 | 2.52 | ||
PAT
PAT on annualised basis |
15.85 | 4.93 | 0.58 | ||
Himalayan Solar IPO PAT Margin is 11.13 % , ROCE (Return on Capital Employed) is 61.28 % as per latest financial. The below table shows Himalayan Solar IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.
| Particulars | FY25 | FY24 | FY23 |
|---|---|---|---|
| EBITDA Margin (%) | 17.38 | 6.12 | 5.30 |
| PAT Margin (%) | 11.13 | 3.56 | 1.22 |
| EPS (₹) | 9.77 | 3.05 | 0.36 |
| ROE (%) | 61.27 | 47.77 | 10.78 |
| ROCE (%) | 61.28 | 47.83 | 10.81 |
| ROA (%) | 16.89 | 5.86 | 1.78 |
| Debt to Equity | 1.04 | 2.28 | 3.53 |
The market Capitalisation of Himalayan Solar IPO is ₹ [●] crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.
The Himalayan Solar IPO prospectus highlights an Return on Equity (ROE) of 61.27 % , Return on Assets (ROA) of 16.89 %, and an EBITDA Margin of 17.38 %, showcasing financial performance.
Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Himalayan Solar IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.
The post-IPO market capitalisation of Himalayan Solar IPO is ₹ [●] Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.
The Himalayan Solar IPO has a Price-to-Earnings (PE) ratio of [●], indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.
Himalayan Solar IPO reported revenue of ₹ 142.43 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Himalayan Solar IPO provide insights into sales growth, market demand, and business scalability.
Himalayan Solar recorded an EBITDA of ₹ 24.76 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.
Himalayan Solar Profit After Tax (PAT) is ₹ 15.85 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions
Revenue:
₹ 142.43 Cr.
EBITDA Margin:
17.38
%
Net Worth: ₹ 25.87 Cr.
Market Capitalisation:
[●]
P/E:
[●]
P/BV: [●]
EV/EBITDA:
[●]
Himalayan Solar operates in Solar and Specializes In Providing Integrated Turnkey Solar Energy Solutions Offering Services Including Design, Manufacturing, Supply, Installation, And Commissioning Of Wide Range Of Solar Products.. The Issue is listed on NSE EMERGE in Oct, 2025. Himalayan Solar IPO size was with Issue price of .
Merchant Banker(s) of Himalayan Solar IPO: Finshore Management Services Limited
Himalayan Solar IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Himalayan Solar IPO listed at a listing price of against the offer price of .
The current market price of Himalayan Solar is .
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