Cosmic PV Power Limited
- Unlisted share
- Energy & Power
- ISIN INE13V701016
At a glance
Sales
FY26
₹1,085 Cr
+342%on FY25What the company earned from its customers in the year.
Profit
FY26
₹97.68 Cr
+300%on FY25What was left after every cost and tax was paid.
Market valuecalculated
₹1,360 Cr
What the whole company would be worth at GrowFast's indicative price.
Net worth
FY26
₹197 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- Cosmic PV Power Limited
- ISIN
- INE13V701016
- Sector
- Energy & Power
- Type of share
- Unlisted equity share
- Indicative price per share
- ₹196.02
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About Cosmic PV Power Limited
Cosmic PV Power makes solar photovoltaic modules at plants in Surat, Gujarat, and also does solar EPC work and aluminium frame manufacturing through subsidiaries. It was set up in 2020 and is controlled by its four promoters, Jenishkumar Ghael, Shravan Kumar Gupta, Surabhi Sahu and Maitry Ghael, whose group held about 83% before the planned IPO. The company filed a draft prospectus in March 2026 for an offer of up to ₹640 crore.
Written from: cosmicpvpower.com, cosmicpvpower.com
Listing status. DRHP dated 30 March 2026 filed with SEBI for a book-built offer of up to ₹640 crore (fresh issue up to ₹540 crore, offer for sale up to ₹100 crore). Not yet listed as far as could be found. Cosmic PV Power DRHP dated 30 March 2026 (company website)
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Energy & Power
- ISIN
- INE13V701016
- Year of incorporation
- 2020
- Registered and corporate office
- Surat, Gujarat
- Promoters
- Jenishkumar Deepakkumar Ghael, Shravan Kumar Gupta, Surabhi Sureshchandra Sahu and Maitry Jenishkumar Ghael; promoters and promoter group hold 82.98%
- Key people
- Chairman and Whole-time Director: Jenishkumar Deepakkumar Ghael; Managing Director: Shravan Kumar Gupta; Chief Financial Officer: Geetesh Gaurishankar Rathi
- Full-time employees
- 440 people
- Face value per equity share
- ₹10
- Issued, subscribed and paid-up equity shares
- 6,94,01,818 shares
- CIN
- U31909GJ2020PLC116052
- Official website
- cosmicpvpower.com
Read from: Cosmic PV Power DRHP dated 30 March 2026 (company website), unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Price to earnings (P/E)calculated
13.6×
At this price you pay ₹13.6 for every ₹1 of profit the company made in the year.
Price to book (P/B)calculated
6.92×
At this price you pay ₹6.92 for every ₹1 of net worth on the company's books.
Profit margincalculated
9%
Out of every ₹100 of sales, ₹9 was left as profit.
Return on equitycalculated
49.7%
For every ₹100 of the owners' money, the company made ₹49.7 of profit in the year.
Debt to equitycalculated
0.91×
The company has borrowed ₹0.91 for every ₹1 of its owners' money.
- Indicative price
- ₹196.02
- Market valuecalculated
- ₹1,360 Cr
- price × shares
- No. of shares
- 6,94,01,818
- EPS
- ₹14.45
- Book value per share
- ₹28.33
- Face value
- ₹10
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2025-26. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
Cosmic PV Power Limited (formerly Cosmic PV Power Private Limited). As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY23 to FY26: ₹48.1 Cr to ₹1,085 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY23 to FY26: ₹1.84 Cr to ₹97.68 Cr.
| Particulars | FY23 | FY24 | FY25 | FY26Latest |
|---|---|---|---|---|
| Revenue from operations | 48.1 | 99.95 | 245.16 | 1,084.51▲342% |
| Other income | 0.13 | 0.4 | 1.13 | 0.75▼34% |
| Total income | 48.22 | 100.34 | 246.29 | 1,085.26▲341% |
| Depreciation and amortisation expenses | 0.96 | 1.72 | 6.11 | 16.58▲171% |
| Finance costs | 1.06 | 2.12 | 4.13 | 10.73▲160% |
| Profit before tax | 2.22 | 7.95 | 29.93 | 120.12▲301% |
| Profit for the year | 1.84 | 6.58 | 24.44 | 97.68▲300% |
| Basic and diluted earnings per share (₹) | 0.34 | 1.16 | 3.94 | 14.45▲267% |
Rupees crore unless marked, consolidated. The change shown is the latest year against the year before. Read from: Cosmic PV Power DRHP dated 30 March 2026 (company website), Cosmic PV Power Annual Report 2025-26 (company website).
Credit rating. CARE BBB; Stable (long-term bank facilities) and CARE A3+ (short-term bank facilities), CareEdge Ratings, credit letter dated 31 December 2025 (31 December 2025) Cosmic PV Power DRHP dated 30 March 2026 (company website)
Ownership
Shareholding pattern
Who owns the company
As of 27 March 2026
22.0%Shravan Kumar Gupta (promoter)
- Largest holder
- 22.0%
- Top 3 together
- 63.5%
- Holders named
- 6
- Shravan Kumar Gupta (promoter)21.99%
- Jenishkumar Deepakkumar Ghael (promoter)21.99%
- Surabhi Sureshchandra Sahu (promoter)19.50%
- Maitry Jenishkumar Ghael (promoter)19.50%
- RPV Holdings Private Limited2.91%
- Vinay Rajendrakumar Nagda2.49%
- Total88.38%
Read from: Cosmic PV Power DRHP dated 30 March 2026 (company website)
Capital history
Fund raise history
| Date and detail | Type | Instrument | Price per share | Amount raised |
|---|---|---|---|---|
| 19 Jan 20262,662,678 equity shares allotted for consideration other than cash, taking the share count to 69,401,818. | Preferential allotment | Equity shares | ₹170 | Not stated |
| 10 Sept 2025507,398 equity shares allotted for cash. | Preferential allotment | Equity shares | ₹169.5 | Not stated |
| 6 Sept 20251,356,932 equity shares allotted for cash (post-bonus price). | Preferential allotment | Equity shares | ₹169.5 | Not stated |
| 15 Jul 202563,021,244 bonus equity shares allotted, taking the share count to 64,874,810. | Bonus issue | Equity shares | Not stated | Not stated |
| 23 May 202512,242 equity shares allotted for consideration other than cash. | Preferential allotment | Equity shares | ₹2,083 | Not stated |
| 12 May 2025110,176 equity shares allotted for consideration other than cash. | Preferential allotment | Equity shares | ₹2,083 | Not stated |
| 28 Sept 202421,604 equity shares of ₹10 each allotted for cash. | Preferential allotment | Equity shares | ₹2,083 | Not stated |
| 27 Sept 2024121,219 equity shares of ₹10 each allotted for cash. | Preferential allotment | Equity shares | ₹2,083 | Not stated |
| 27 Aug 202428,325 equity shares of ₹10 each allotted for cash. | Preferential allotment | Equity shares | ₹2,083 | Not stated |
| 3 Aug 202360,000 equity shares of ₹10 each issued for cash on a rights basis. | Rights issue | Equity shares | ₹369 | Not stated |
Read from: Cosmic PV Power DRHP dated 30 March 2026 (company website)
Leadership
Management
Jenishkumar Deepakkumar Ghael
Chairman and Whole-time Director
Shravan Kumar Gupta
Managing Director
Geetesh Gaurishankar Rathi
Chief Financial Officer
Surabhi Sureshchandra Sahu
Non-Executive Director
Maitry Jenishkumar Ghael
Non-Executive Director
Kirti Dhaval Shah
Non-Executive Independent Director
Abhijeet Rakesh Jain
Non-Executive Independent Director
Masarm Shrikanth
Company Secretary and Compliance Officer
Read from: Cosmic PV Power DRHP dated 30 March 2026 (company website)
Corporate calendar
Events
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about Cosmic PV Power Limited on WhatsAppIs the price shown for Cosmic PV Power Limited final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my Cosmic PV Power Limited shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell Cosmic PV Power Limited shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
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Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
Inquire opens a WhatsApp chat with GrowFast. No payment is taken and no order is placed on this site.
GrowFast is not affiliated with, sponsored by or endorsed by Cosmic PV Power Limited. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.