CITIZEN.BO · BSE

Citizen Solar Limited

₹204.45

+3.86% (+₹7.6)

Prev. close

₹196.85

Volume

421

As of

22 Sept 2026

Price history

₹204.45-₹87.5 (-29.97%) · 3M
13 Jul 202622 Sept 2026
₹312.25₹187.513 Jul30 Jul17 Aug03 Sept22 Sept
Daily closes · updates after each session

No analyst calls on this stock in the last 90 days yet.

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Analyst opinions

No analyst calls on Citizen Solar Limited in the last 90 days.

Fundamentals

About Citizen Solar Limited

Citizen Solar Limited engages in the trade of solar panels and allied products in India. The company offers Topcon and Mono Perc modules; and singe and three phase inverters. It also provides solar rooftop panel, ground mount solar system, floating solar, and solar asset management services. The company was formerly known as Citizen Infoline Limited and changed its name to Citizen Solar Limited in May 2026. Citizen Solar Limited was incorporated in 1994 and is based in Ahmedabad, India.

Details

Sector

Technology

Industry

Solar

CEO

Mr. Omprakash Lalchand Jain

Headquarters

Ahmedabad

Employees

66

Key stats

Market cap

₹276.44 Cr

P/E ratio (TTM)

19.5

EPS (TTM)

₹10.11

Beta (1Y · daily vs NIFTY 50)

0.05

Beta (5Y · monthly vs NIFTY 50)

0.53

Shares float

37.23 L

EPS · quarter ended Jun 2026

₹4.11

Financial Performance

01 · Financials

-200 Cr0 Cr200 Cr400 Cr-2500%0%2500%5000%FY21FY22FY23FY24FY25FY26
RevenueNet incomeRevenue growth YoY

Revenue for Mar 2021–Mar 2022 is as filed with BSE (standalone), and the first plotted growth figure is computed against Mar 2020 revenue as filed with BSE; the two sources' revenue definitions differ by 0.0% on Mar 2023. FY21 growth needs FY20 filings, which the data source doesn't provide. EBITDA is omitted from this chart: coverage begins inside the plotted window, and every plotted period must carry a complete point set — the P&L table below has the available figures.

02 · Earnings Per Share (EPS)

05101520FY23FY24FY25FY26

04 · Operating Efficiency (Growth Rates)

Balance-sheet-based · pre-FY23 not filed in verifiable form

-2500%0%2500%5000%FY21FY22FY23FY24FY25FY26
SalesFixed assetsTrade receivablesInventory

05 · Capital Structure & Asset Utilization

Pre-FY23 not filed in verifiable form

0 Cr50 Cr100 Cr150 Cr200 Cr2.5×7.5×FY23FY24FY25FY26
Total assetsTotal debtDebt / equityAsset turnover

Asset turnover needs a prior year of assets — omitted for the earliest available year.

06 · Asset Base Composition

Pre-FY23 not filed in verifiable form

0 Cr50 Cr100 Cr150 Cr200 CrFY21FY22FY23FY24FY25FY26
Fixed assetsCurrent assetsOther assets

07 · Debt Level & Coverage

Pre-FY23 not filed in verifiable form

-100 Cr0 Cr100 Cr200 CrFY21FY22FY23FY24FY25FY26
DebtFree cash flowCash & equivalents

08 · Profit & Loss

Annual

Line itemFY21FY22FY23FY24FY25FY26
₹55.40 L₹59.30 L₹2.37 Cr₹3.92 Cr₹185.46 Cr₹310.49 Cr
EBITDA₹95,198₹80,000₹20.02 Cr₹34.42 Cr
₹-11.20 L₹-6.40 L₹91,770₹79,000₹11.63 Cr₹22.43 Cr
Diluted EPS₹0.02₹0.01₹8.28₹15.97

Depreciation & amortisation, EBITDA, Pretax income, Tax provision, Interest expense, Diluted EPS have filed figures for only some of the years shown — the missing years are left blank rather than estimated.

09 · Balance Sheet

Annual

Line itemFY21FY22FY23FY24FY25FY26
₹4.70 Cr₹4.61 Cr₹55.85 Cr₹177.45 Cr
₹0₹0₹18.26 Cr₹105.89 Cr
Stockholders' equity₹4.59 Cr₹4.60 Cr₹23.78 Cr₹41.88 Cr

Total assets, Current assets, Trade receivables, Cash & equivalents, Non-current assets, Fixed assets, Total debt, Long-term debt, Current (short-term) debt, Others, Stockholders' equity have filed figures for only some of the years shown — the missing years are left blank rather than estimated. Inventory shows ₹0 for 2023-03-31, 2024-03-31 — this deck's own annual-report reading has no Inventory figure for this filer in any year shown (2023-03-31, 2024-03-31, 2021-03-31, 2022-03-31 alike); the ₹0 shown here comes from this filer's own reported data feed rather than this deck's own extraction, and is positively consistent with a filer that holds no physical inventory (typical for lenders and other financial-services companies) rather than a display default. 2021-03-31, 2022-03-31 have no Inventory figure reaching this deck at all — not shown as zero, not shown as positive — left blank rather than assumed to match the other years.

Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.

10 · Cash Flow Statement

Annual

Line itemFY21FY22FY23FY24FY25FY26
₹3.70 L₹-8.67 L₹22.96 Cr₹21.02 Cr
Investing cash flow₹0₹0₹-17.62 Cr₹-102.38 Cr
₹-3.76 L₹8.15 L₹-5.98 Cr₹81.41 Cr
Capital expenditure₹-18.36 Cr₹-102.14 Cr
End cash position₹1.59 L₹1.07 L₹2.86 L₹7.96 L

Operating cash flow, Depreciation & amortization, Change in working capital, Investing cash flow, Financing cash flow, Dividends paid, Capital expenditure, End cash position have filed figures for only some of the years shown — the missing years are left blank rather than estimated.

Annual only — the data source has no quarterly cash-flow-statement coverage.

12 · Peer Comparison

Technology

Company
Tata Consultancy Services Limited₹7.70 L Cr₹2,10515.57.1845.9%0.11+4.6%-31.5%
Infosys Limited₹4.21 L Cr₹1,029.413.333.9%0.10+4.6%-31.4%
HCL Technologies Limited₹3.47 L Cr₹1,270.420.04.6122.1%0.07+11.2%-11.8%
Wipro Limited₹1.63 L Cr₹16613.11.8414.9%0.23+4.0%-33.7%
Tech Mahindra Limited₹1.38 L Cr₹1,551.627.04.6616.2%0.07+7.2%+3.1%
LTM Limited₹1.27 L Cr₹4,158.324.35.2820.9%0.10+11.3%
One 97 Communications Limited₹1.16 L Cr₹1,814.4181.27.243.5%0.01+21.5%+51.7%
LG Electronics India Limited₹1.12 L Cr₹1,663.761.814.6722.0%0.06+1.3%
Oracle Financial Services Software Limited₹1.04 L Cr₹10,91130.413.2433.7%0.00+12.1%+21.0%
Persistent Systems Limited₹85,130.29 Cr₹5,36644.510.8623.8%0.06+23.5%+1.8%
Coforge Limited₹80,356.23 Cr₹1,80337.28.4316.3%0.08+35.8%+5.0%
Citizen Solar Limited₹263.31 Cr₹187.518.56.2953.6%2.53+67.4%

Ranked by market cap within Technology, same metrics as the Fundamentals screener. Click a column to sort.

Documents

CITIZEN.BO

Deal | Citizen's solar-powered Weekender is cheaper than it has ever been on Amazon, at 58% off

Amazon is selling the Citizen Eco-Drive Weekender watch for $137.38, an all-time low for the listing. This price is 40% below its 90-day average, though the 58% discount claim is based on a recently inflated list price. The watch features a solar-powered movement and 100m water resistance.

CITIZEN.BO

Citizen Solar standalone net profit declines 62.04% in the June 2026 quarter

Business Standard · 1 month ago