Solar 91 Cleantech Limited
- Unlisted share
- Energy & Power
- ISIN INE0U5I01016
At a glance
Sales
FY24
₹42.77 Cr
+13.8%on FY23What the company earned from its customers in the year.
Profit
FY24
₹2.33 Cr
+1048%on FY23What was left after every cost and tax was paid.
Net worth
FY24
₹4.72 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
- Solar 91 Cleantech Limited
- ISIN
- INE0U5I01016
- Sector
- Energy & Power
- Type of share
- Unlisted equity share
- Indicative price per share
- ₹463.32
- 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 Solar 91 Cleantech Limited
Solar91 Cleantech is a Jaipur company that designs and builds solar power plants, rooftop and ground-mounted, for commercial and industrial customers, and is setting up its own plants as a power producer under the PM-KUSUM scheme through a string of project subsidiaries. It was incorporated in 2015, became a public limited company in 2024 and is promoted by Prateek Agrawal, Saurabh Vyas, Sandeep Gurnani and Dhawal Gaurang Vasavada. It filed for an SME IPO on BSE in August 2024, but the exchange put the issue on hold the day before it was due to open in December 2024.
Written from: solar91.com, solar91.com, solar91.com
Listing status. DRHP dated 29 August 2024 filed for an IPO of 54,36,000 new shares on the SME platform of BSE; the issue was due to open on 24 December 2024 at ₹185 to ₹195 a share, but BSE postponed the bidding on 23 December 2024. No later relaunch or listing was found in this pass. Business Standard
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
- INE0U5I01016
- Year of incorporation
- 2015
- Headquarters
- Jaipur, Rajasthan
- Promoters
- Prateek Agrawal, Saurabh Vyas, Sandeep Gurnani and Dhawal Gaurang Vasavada
- Key people
- Whole Time Director and Chairman: Saurabh Vyas; Managing Director: Prateek Agrawal; Whole Time Director & CEO: Sandeep Gurnani; CFO: Surbhi Toshniwal
- Face value per share
- ₹10
- CIN
- U40108RJ2015PLC048401
- Website
- solar91.com
Read from: Solar91 Cleantech addendum (dated 22 November 2024) to its DRHP, 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
5.5%
Out of every ₹100 of sales, ₹5.5 was left as profit.
Return on equitycalculated
49.5%
For every ₹100 of the owners' money, the company made ₹49.5 of profit in the year.
Debt to equitycalculated
2.3×
The company has borrowed ₹2.3 for every ₹1 of its owners' money.
Lenders and finance companies normally borrow far more than other businesses.
- Indicative price
- ₹463.32
- Face value
- ₹10
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2023-24. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
Solar91 Cleantech Limited (formerly Solar91 Cleantech 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.
FY22 to FY24: ₹41.57 Cr to ₹42.77 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY22 to FY24: ₹0.32 Cr to ₹2.33 Cr.
| Particulars | FY22 | FY23 | FY24Latest |
|---|---|---|---|
| Revenue from operations (restated) | 41.57 | 37.58 | 42.77▲14% |
| EBITDA (as stated: profit before tax plus depreciation and finance cost) | 0.59 | 0.83 | 3.85▲364% |
| Depreciation | 0.02 | 0.03 | 0.09▲176% |
| Finance cost | 0.14 | 0.53 | 0.63▲19% |
| Profit before tax | 0.42 | 0.27 | 3.13▲1061% |
| Net profit as per restated financial statement | 0.32 | 0.2 | 2.33▲1048% |
Rupees crore unless marked, consolidated. The change shown is the latest year against the year before. Read from: Solar91 Cleantech addendum (dated 22 November 2024) to its DRHP.
Leadership
Management
Saurabh Vyas
Whole Time Director and Chairman of the Board and the Company
Prateek Agrawal
Managing Director
Sandeep Gurnani
Whole Time Director & Chief Executive Officer
Surbhi Toshniwal
Chief Financial Officer
Dhawal Gaurang Vasavada
Whole Time Director
Krishna Kumar Pant
Non-Executive Non-Independent Director
Ganga Vidya Narayanan
Non-Executive Independent Director
Manan Jain
Non-Executive Independent Director
Ritesh Agnani
Non-Executive Independent Director
Harshit Jain
Company Secretary and Compliance Officer
Read from: Solar91 Cleantech addendum (dated 22 November 2024) to its DRHP
Corporate calendar
Events
- 23 Dec 2024Regulator actionBSE postponed the bidding for the ₹106 crore IPO a day before it was to openOpen
- 22 Nov 2024Offer documentAddendum to the DRHP issued, updating risk factors, financial summary, objects and managementOpen
- 29 Aug 2024DRHPDraft red herring prospectus filed for an SME IPO on BSEOpen
- 12 Jun 2024EGMShareholders approved conversion into a public limited company (new certificate dated 22 July 2024)Open
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 Solar 91 Cleantech Limited on WhatsAppIs the price shown for Solar 91 Cleantech 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 Solar 91 Cleantech 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 Solar 91 Cleantech 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 Solar 91 Cleantech 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.