As of 6 Nov 2026, Ahasolar Technologies trades at 104.5× trailing earnings, above the industry P/E of 27.7×, and the shares are 36% below their 52-week high. Sales grew 64% a year over 3 years while net profit fell 50%; its ROCE of 2.7% is the second-lowest among the 7 largest Software (Application) peers. It carries very little debt. It is listed on an SME platform with a market cap of ₹22 Cr, ranked 65th of 74 Software (Application) companies by market cap; the shares fell 36% over the past year.
- ₹68.99
- ₹76.00
- ₹68.99
- ₹64.00
- 2.4K
Health check
- ReturnsBehind
−35.9% over a year, better than 1 of 7 peers.
- Price tagPricier
P/E 104.5 vs industry 27.7.
- GrowthSteady
Sales +63.7%, profit −49.5% a year over 3 years.
- ProfitabilityWeak
ROCE 2.7% vs peer median 12.6%.
- Balance sheetFair
Debt 0.06× equity, interest covered 4.9×, Piotroski 7 of 9.
- Red flags4 to check
Return on equity is low at 1.4%.
Small cap
Defensive
Key metrics
- Market cap
- ₹22 Cr
- Small cap
- P/E
- 104.5
- Industry 27.7
- Price to book
- 1.44
- Peers 8.24
- Dividend yield
- 0.00%
- ROE
- 1.4%
- Peers 15.3%
- ROCE
- 2.7%
- Peers 12.6%
- Debt to equity
- 0.06
- Debt ₹0.90 Cr
- EPS (TTM)
- ₹0.67
- OPM (TTM)
- 0.9%
- Net margin 0.2%
- Sales growth
- +60.0%
- Latest quarter vs a year ago
- Profit growth
- −85.9%
- Latest quarter vs a year ago
- Price to sales
- 0.24
- EV/EBITDA 57.7
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly sales up 60.0% on a year ago.
Risks to check
- Return on equity is low at 1.4%.
- Quarterly profit down 85.9% on a year ago.
- P/E of 104.5 against an industry P/E of 27.7.
- 36% below its 52-week high.
About Ahasolar Technologies
Ahasolar Technologies Limited develops a software as a service for solar companies to streamline the processes in India. It operates through Solar Software Service; Solar Marketplace; Solar Advisory and Consultancy Service; and Development of Solar Power Plant. The company provides Aha Solar helper, a project management software and a software for solar PV installers to manage and design projects; Aha marketplace which buys and sells solar products and…
- Headquarters
- Ahmedabad
- Employees
- 80
- Sector
- Technology
- ISIN
- INE0NEV01011
- Website
- ahasolar.in
Price range
- Avg volume (3M)
- 1.4K
- 1-year return
- minus 35.9%
- From 52-week high
- minus 36.3%
Peers · Software - Application
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TATAELXSITata Elxsi | 3,855.00 | minus 1.66% | 24,019 | 35.8 | 8.24 | 26.2% | 23.9% | 22.7% | 6.1% | −5.9% | 1.95% | minus 27.2% |
| URBANCOUrban Company | 158.12 | minus 0.25% | 23,446 | – | 12.14 | −7.2% | −21.5% | −22.9% | 34.7% | – | 0.00% | plus 6.5% |
| KFINTECHKfin Technologies | 915.80 | minus 1.14% | 15,835 | 45.6 | 9.75 | 18.9% | 22.6% | 38.1% | 22.5% | 20.6% | 1.31% | minus 13.4% |
| KPITTECHKPIT Technologies | 540.45 | plus 0.12% | 14,713 | 27.7 | 3.99 | 21.3% | 15.3% | 26.7% | 24.2% | 18.7% | 1.39% | minus 53.3% |
| BBOXBlack Box | 810.95 | minus 5.36% | 14,402 | 62.2 | 11.18 | 12.6% | 21.3% | 9.0% | 0.2% | 109.3% | 0.12% | plus 56.1% |
| AMAGIAmagi Media Labs | 568.25 | minus 0.04% | 12,293 | 119.9 | 6.74 | 5.0% | 6.3% | 3.9% | 30.3% | – | 0.00% | plus 63.2% |
| BLACKBUCKBLACKBUCK | 557.55 | plus 3.06% | 10,161 | 56.4 | 6.71 | 11.7% | 12.8% | 23.9% | 53.9% | – | 0.00% | minus 17.3% |
| AHASOLARAhasolar Technologies | 70.00 | plus 9.38% | 22 | 104.5 | 1.44 | 2.7% | 1.4% | 0.9% | 63.7% | −49.5% | 0.00% | minus 35.9% |
| Median of 7 peers | – | −0.25% | 14,713 | 51.0 | 8.24 | 12.6% | 15.3% | 22.7% | 24.2% | 19.7% | 0.12% | −13.4% |
Quarterly results
This company doesn’t report these figures in a format we can read yet.
Profit & loss
- Sales CAGR 3Y
- +63.7%
- Profit CAGR 3Y
- −49.5%
- ROE
- 1.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 20.9 | 41.9 | 57.6 | 91.5 | |
| – | +100.8% | +37.3% | +59.1% | |
| 19.1 | 42 | 58.5 | 91 | |
| 1.8 | −0.1 | −1 | 0.5 | |
| 8.6% | −0.2% | −1.7% | 0.6% | |
| 0 | 0.5 | 0.4 | 0.2 | |
| – | – | 0.1 | 0.1 | |
| 0.2 | 0.3 | 0.4 | 0.3 | |
| −0 | – | – | – | |
| 1.6 | 0.1 | −1 | 0.3 | |
| −1.0% | 25.7% | 0.9% | 37.2% | |
| 1.6 | 0 | −1 | 0.2 | |
| – | minus 97.4% | minus 2369.6% | – | |
| 5.18 | 0.15 | -3.36 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2.3 | 3.1 | 3.1 | 3.1 | |
| 1.7 | 12.6 | 11.7 | 11.9 | |
| – | – | 0.7 | 0.9 | |
| 1.2 | 1.7 | 3.9 | 4.6 | |
| 5.2 | 17.4 | 19.3 | 20.5 | |
| 0.1 | 0.1 | 1.6 | 7.5 | |
| – | – | 1 | 6.9 | |
| 0.2 | 5.7 | 0.6 | 0.6 | |
| 0.3 | 3.8 | 7.1 | 2.5 | |
| 4.6 | 7.8 | 9.1 | 3 | |
| 5.2 | 17.4 | 19.3 | 20.5 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −0.3 | −1.4 | −1.7 | 2 | |
| −0.4 | −7.8 | 2.1 | −4 | |
| 0.9 | 11.7 | 0.6 | 0.1 | |
| 0.2 | 2.5 | 0.9 | −2 | |
| −0.5 | −1.4 | −1.7 | −6.8 | |
| −0.7 | −2.9 | −3.4 | −4.8 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.