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Taylormade Renewables (BSE: TRL) had a P/E of 94.4× on 6 Nov 2026, above the industry P/E of 15.5×, and the shares are 61% below their 52-week high. Its ROCE of 3.3% is the lowest among the 7 largest Solar peers, and sales grew 35% a year over 3 years while net profit fell 3.7%, though net profit is above operating profit, which points to a one-off gain. Debt is 0.22× equity. It is a small-cap company with a market cap of ₹86 Cr, ranked 25th of 27 Solar companies by market cap; the shares fell 60% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹69.00
Day high
₹69.35
Day low
₹66.00
Prev. close
₹66.05
Volume
24.2K

Health check

5 to check
  • ReturnsBehind

    −60.4% over a year, better than 0 of 7 peers.

  • Price tagDistorted

    A one-off gain inflates profit, so P/E isn’t comparable right now.

  • GrowthSlow

    Sales +34.7%, profit −3.7% a year over 3 years.

  • ProfitabilityWeak

    ROCE 3.3% vs peer median 27.4%.

  • Balance sheetStretched

    Debt 0.22× equity, interest covered 3.2×, Piotroski 3 of 9.

  • Red flags5 to check

    Return on equity is low at 1.8%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Solar

26 listed peers. Screen the industry

Small cap

₹86 Cr, #25 of 27 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹34 Cr · profit ₹1 Cr
Market cap
₹86 Cr
Small cap
P/E
94.4
Industry 15.5
Price to book
0.87
Peers 4.38
Dividend yield
0.00%
ROE
1.8%
Peers 29.9%
ROCE
3.3%
Peers 27.4%
Debt to equity
0.22
Debt ₹21 Cr
EPS (TTM)
₹0.72
OPM (TTM)
−9.7%
Net margin 2.6%
Sales growth
−88.8%
Latest quarter vs a year ago
Profit growth
n/a
Year-ago quarter not reported
Price to sales
2.56
EV/EBITDA 47.4

Strengths and risks

Risks to check

  • Return on equity is low at 1.8%.
  • Quarterly sales down 88.8% on a year ago.
  • Net profit is above operating profit, so a one-off gain is likely flattering earnings.
  • P/E of 94.4 against an industry P/E of 15.5.
  • 61% below its 52-week high.

No standout strengths in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Taylormade Renewables

Taylormade Renewables Limited provides renewable energy and environmental solutions in India. The company offers TRL-RAIN, a technology application developed for evaporation and condensation from various saline, brackish, mine waste water, RO reject, chemical induced water, and other waste water produced from various industries, such as oil and gas, textiles and tanneries, power generation, mining and metals, refining and chemicals, food and beverages,…

Headquarters
Ahmedabad
Employees
66
Sector
Technology
ISIN
INE459Z01017
Website
trlindia.com

Price range

52 weeks

₹52.00₹173.70

Today

₹66.00₹69.35
Avg volume (3M)
13.8K
1-year return
minus 60.4%
From 52-week high
minus 60.9%

Peers · Solar

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
WAAREEENERWaaree Energies2,438.00minus 0.46%70,12919.012.030.1%19.9%0.3157.8%minus 27.3%
PREMIERENEPremier Energies890.00plus 0.85%40,31622.517.427.4%29.9%0.8676.2%minus 15.3%
EMMVEEEmmvee Photovoltaic Power251.31minus 0.28%17,39912.19.734.5%34.7%0.25102.7%plus 14.5%
KARAMTARAKaramtara Engineering375.70minus 0.96%12,09152.827.718.1%9.0%0.9140.4%plus 6.7%
UTLSOLARFujiyama Power Systems351.80minus 9.21%10,81135.722.528.9%18.8%0.4158.7%plus 68.8%
BORORENEWBOROSIL RENEWABLES403.20minus 2.55%5,93413.412.19.5%30.1%0.0720.2%minus 37.6%
VIKRAMSOLRVikram Solar142.39plus 1.95%5,16014.16.020.5%15.4%0.2032.3%minus 56.6%
TRLTaylormade Renewables67.97plus 2.91%8694.4–3.3%−9.7%0.2234.7%minus 60.4%
Median of 7 peers–−0.46%12,09119.012.127.4%19.9%0.3157.8%−15.3%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
16.7−1.718.521.31.9
14.58.414192.4
2.2−10.24.52.4−0.5
13.2%589.5%24.3%11.0%−28.7%
0.16.200.10.2
0.20.30.40.40.4
0.40.40.40.30.5
1.7−4.63.71.7−1.3
142.9%0.0%−2.7%−94.0%−26.8%
−0.7−4.63.83.4−1.6
-0.57-3.713.012.72-1.30

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+34.7%
Profit CAGR 3Y
−3.7%
EPS CAGR 3Y
−10.8%
ROE
1.8%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
19.846.971.148.4
–+137.0%+51.7%minus 31.9%
16.527.350.949.5
3.319.620.3−1.1
16.6%41.8%28.5%−2.3%
4.300−0.1
0.40.60.61.1
0.20.41.61.5
−4.3−2.9–6.2
2.715.718.22.5
25.8%30.2%32.2%25.8%
21112.31.8
–+458.2%+11.7%minus 85.7%
2.009.9010.791.42

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
9.811.112.312.4
9.651.58284.2
3.3710.521.2
10.830.336.638.7
33.599.8141157
3.214.733.134.4
1.511.318.919.1
2.20.40.30
0.50.51.41.1
26.17387.7102
33.599.8141157

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2.1−21.9−12.5−8.4
−1.8−10.3−8.4−3.3
032.120.811.5
0.3−0.1−0.1−0.2
−1.8−2.3−16.3−2.8
0.3−24.2−28.8−11.2

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

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you