Emmvee Photovoltaic Power Limited (EMMVEE) Fair Value & Analysis
Technology · IN · Market cap ₹251B
Fair value as of: Aug 13, 2026
From 15 valuation models · updated today
Share price −3.1% over the past month.
A solid business, screening 32% undervalued on our models.
What matters now
- Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
- Our model range runs from ₹313.18 (bear) to ₹538.64 (bull), base ₹425.91. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 66/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (9 months)
White line = price, green steps = our fair value per fiscal year. As of Aug 13, 2026.
How to read this chart
9‑month range ₹172.93 – ₹365.35 · fair‑value band ₹313.18 – ₹538.64 · the ₹323.65 price screens below the ₹425.91 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Aug 13, 2026.
Analysis
Emmvee Photovoltaic Power Limited (EMMVEE) currently trades at ₹323.65, while our model-based Fair Value estimate is ₹425.91, implying the stock looks roughly 31.6% undervalued today. The Quality Score stands at 66/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Emmvee Photovoltaic Power Limited generated revenue of ₹50.5B at a net margin of 21.4%. Revenue grew 62.3% year over year. It earns a return on equity of 51.1%. Net debt stands at ₹17.3B. Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹313.18 (bear case) to ₹538.64 (bull case); at ₹323.65, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 12% below its 52-week high and 89% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -6% fair-value upside, at 32%, EMMVEE screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 15 models by family
Widest divergence: Growth Earnings (₹789.51) versus Asset-Based (₹35.76). Highest evidence: ROIC Compounder (72).
Notify me when EMMVEE reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 61 · Market factors (momentum, volatility) 66
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Emmvee Photovoltaic Power Limited manufactures and sales solar cells, photovoltaic modules, and photovoltaic systems across India and Europe. Its products include TopCon Photovoltaic Module and TopCon Photovoltaic cells. It also executes grid and off-grid photovoltaic power projects on a turnkey basis and operates solar power plants.
Full company description
Emmvee Photovoltaic Power Limited manufactures and sales solar cells, photovoltaic modules, and photovoltaic systems across India and Europe. Its products include TopCon Photovoltaic Module and TopCon Photovoltaic cells. It also executes grid and off-grid photovoltaic power projects on a turnkey basis and operates solar power plants. The company serves independent power producers, entities operating in the commercial and industrial sector, and engineering, procurement and construction service providers in both public and private sectors. The company was incorporated in 2007 and is based in Bengaluru, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2023 – FY2026 · reported fiscal years
Emmvee Photovoltaic Power Limited reported revenue of ₹50.5B in FY2026 versus ₹6.0B in FY2023, a compound +102.9%/yr. Reported net income was ₹10.8B in FY2026, compounding +394.6%/yr from FY2023.
Watch EMMVEE: get an alert when its fair value changes →
Peer Group
Solar · 116 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Solar median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Solar stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| First Solar, Inc FSLR | $240.91 | $392.12 | +63% |
| Nextpower Inc NXT | $103.67 | $69.61 | -33% |
| Waaree Energies Limited WAAREEENER | ₹2,668 | ₹2,709 | +2% |
| Tongwei Co 600438 | ¥12.89 | ¥12.13 | -6% |
| Jinko Solar Co 688223 | ¥4.52 | ¥6.47 | +43% |
| Enphase Energy, Inc ENPH | $40.77 | $24.15 | -41% |
| CSI Solar Co 688472 | ¥10.28 | ¥6.76 | -34% |
| Hengdian Group 002056 | ¥22.35 | ¥31.86 | +43% |
| Premier Energies Limited PREMIERENE | ₹1,086 | ₹912.32 | -16% |
| Trina Solar Co 688599 | ¥13.64 | ¥7.97 | -42% |
Compare Emmvee Photovoltaic Power Limited with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Technology stocks →
Frequently asked questions
Is Emmvee Photovoltaic Power Limited (EMMVEE) overvalued or undervalued?
What is the fair value of EMMVEE?
What is the quality score of EMMVEE?
What is the revenue of Emmvee Photovoltaic Power Limited (EMMVEE)?
What is the net profit margin of EMMVEE?
How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
Track Emmvee Photovoltaic Power Limited and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.