Jupiter International Limited
- Unlisted share
- Energy & Power
- ISIN INE467C01027
At a glance
Sales
FY25
₹552 Cr
−4.3%on FY24What the company earned from its customers in the year.
Profit
FY25
₹123 Cr
What was left after every cost and tax was paid.
Net worth
FY25
₹521 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
- Jupiter International Limited
- ISIN
- INE467C01027
- Sector
- Energy & Power
- Type of share
- Unlisted equity share
- Indicative price per share
- ₹230.77
- 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 Jupiter International Limited
Jupiter International makes solar photovoltaic cells at Baddi in Himachal Pradesh and is run from Kolkata. The company was incorporated in 1978 as a trading business and moved into solar cell manufacturing in 2009; it is promoted by the Garodia family, with Alok Garodia as Chairman and Managing Director. Its website gives installed cell capacity of 0.96 GW as of 30 June 2025, and in December 2025 shareholders were asked to approve an initial public offering.
Written from: jil-jupiter.com, crisilratings.com, jil-jupiter.com
Listing status. Not listed. Shareholders were asked at an EGM on 23 December 2025 to approve an IPO comprising a fresh issue of up to ₹2,600 crore and an offer for sale of up to 2,17,39,131 equity shares; no DRHP filing was confirmed from a primary source Jupiter International notice of EGM of 23 December 2025, 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
- INE467C01027
- Year of incorporation
- 1978
- Promoter
- Alok Garodia and the Garodia family (Jupiter group)
- CRISIL Ratings rating rationale, 4 October 2024
- Chairman & Managing Director
- Chairman & Managing Director: Alok Garodia
- Jupiter International notice of EGM of 23 December 2025, company website
- Face value per equity share
- ₹2
- Jupiter International notice of EGM of 23 December 2025, company website
- CIN
- U51109WB1978PLC031668
- Official website
- jil-jupiter.com
Read from: Jupiter International annual return (Form MGT-7) FY2024-25, 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.
Profit margincalculated
22.3%
Out of every ₹100 of sales, ₹22.3 was left as profit.
Return on equitycalculated
23.7%
For every ₹100 of the owners' money, the company made ₹23.7 of profit in the year.
- Indicative price
- ₹230.77
- Face value
- ₹2
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2024-25. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
Jupiter International 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.
FY22 to FY25: ₹304 Cr to ₹552 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY23 to FY25: ₹-35.89 Cr to ₹123 Cr.
| Particulars | FY22 | FY23 | FY24 | FY25Latest |
|---|---|---|---|---|
| Turnover (annual return, as defined in the Companies Act) | 304.36 | 429.99 | 577.14 | 552.33▼4% |
| Reported profit after tax (as reported by CRISIL) | n/a | -35.89 | n/a | 123.26 |
Rupees crore unless marked, as reported by rating agency, consolidated, standalone. The change shown is the latest year against the year before. Read from: CRISIL Ratings rating rationale, 4 October 2024, CRISIL Ratings rating rationale, 23 June 2026, Jupiter International annual return (Form MGT-7) FY2021-22, company website, Jupiter International annual return (Form MGT-7) FY2023-24, company website, Jupiter International annual return (Form MGT-7) FY2024-25, company website.
Credit rating. Crisil BBB+/Positive, CRISIL Ratings, long-term bank loan facilities of ₹26 crore; outlook revised from Stable and rating reaffirmed on 23 June 2026 (23 June 2026) CRISIL Ratings rating rationale, 23 June 2026
Ownership
Shareholding pattern
Who owns the company
As of 31 March 2025
78.3%Promoters (equity shares)
- Largest holder
- 78.3%
- Top 2 together
- 100.0%
- Holders named
- 2
- Promoters (equity shares)78.33%
- Public / other than promoters (equity shares)21.67%
- Total100.00%
Read from: Jupiter International annual return (Form MGT-7) FY2024-25, company website
Capital history
Fund raise history
| Date and detail | Type | Instrument | Price per share | Amount raised | Source |
|---|---|---|---|---|---|
| 2025-09Members were asked on 3 September 2025 to approve the issue of 1,59,885 Series B CCPS of ₹10 face value at ₹7,047.46 each to ValueQuest SCALE Fund and its affiliates; the allotment itself was not confirmed from a primary source. | Private placement (approval sought) | Series B compulsorily convertible preference shares | ₹7,047.46 | Not stated | jil-jupiter.com |
| 14 Apr 2025Second round of ₹500 crore from ValueQuest SCALE Fund and its affiliates for the ongoing capacity expansion; price per share not disclosed in the release. | Private placement | Compulsorily convertible preference shares (instrument as described by CRISIL) | Not stated | ₹500 Cr | jil-jupiter.com |
| 2024-07The company announced on 16 July 2024 an investment of ₹300 crore led by ValueQuest S.C.A.L.E. PE Fund to expand cell capacity and start module manufacturing; price per share not disclosed. | Private placement | Compulsorily convertible preference shares (instrument as described by CRISIL) | Not stated | ₹300 Cr | jil-jupiter.com |
Read from: Jupiter International notice of EGM of 3 September 2025, company website, Jupiter International press release, 14 April 2025 (company website), Jupiter International press release, 16 July 2024 (company website)
Leadership
Management
Alok Garodia
Chairman & Managing Director
Akash Garodia
Whole-time Director
Devki Nandan Pandey
Director
Pushkar Jauhari
Nominee Director
Priyanka Tibrewal
Director
Ashish Kumar Dhandhanya
Company Secretary
Read from: Jupiter International notice of EGM of 23 December 2025, company website, Jupiter International annual return (Form MGT-7) FY2024-25, company website
Corporate calendar
Events
- 25 Jun 2026OperationsUnit IV at Baddi began production with 1.25 GW of TOPCon solar cell capacityOpen
- 23 Jun 2026RatingCRISIL revised the outlook to Positive and reaffirmed Crisil BBB+ on ₹26 crore of bank facilitiesOpen
- 11 Feb 2026OperationsThird solar cell unit at Baddi commissioned (1 GW mono PERC, in subsidiary Jupiter Solartech), taking installed capacity to nearly 2 GWOpen
- 23 Dec 2025EGMEGM called to approve an IPO (fresh issue of up to ₹2,600 crore plus an offer for sale), new articles, three independent directors and a revised ESOP planOpen
- 11 Nov 2025Board outcomeManaging Director Alok Garodia appointed Chairman of the board as wellOpen
- 30 Sept 2025AGM46th AGM to adopt FY2024-25 standalone and consolidated accounts and appoint S.R. Batliboi & Co. LLP as statutory auditorOpen
- 3 Sept 2025EGMEGM called to approve a preferential issue of 1,59,885 Series B compulsorily convertible preference shares at ₹7,047.46 each to ValueQuest SCALE Fund and affiliatesOpen
- 4 Oct 2024RatingCRISIL assigned CRISIL BBB/Stable to ₹26 crore of bank loan facilitiesOpen
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
- FY2026-27CRISIL: outlook revised to Positive, Crisil BBB+ reaffirmed, 23 June 2026
- FY2025-26Notice of extraordinary general meeting, 23 December 2025
- FY2024-25Notice of 46th annual general meeting, 30 September 2025
- FY2024-25Annual return (Form MGT-7) FY2024-25
- FY2024-25CRISIL rating rationale, 4 October 2024
- FY2023-24Annual return FY2023-24
- FY2022-23Annual return (Form MGT-7) FY2022-23
- FY2021-22Annual return (Form MGT-7) FY2021-22
- FY2020-21Annual return (Form MGT-7) FY2020-21
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 Jupiter International Limited on WhatsAppIs the price shown for Jupiter International 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 Jupiter International 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 Jupiter International 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 Jupiter International 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.