About Himalayan Solar
Himalayan Solar is a publicly listed company based in Panchkula (India) founded in 2015. It manufactures solar PV modules and provides comprehensive EPC solutions. It operates on a B2B model. Its website himalayansolar.co.in draws about 681 thousand monthly visits. Its Indian entity Himalayan Solar Limited reported revenue of ₹172 Cr. Its focus areas include Energy, Renewable Energy, Solar Power and PV Modules and EPC. Its competitors include Borosil Renewables, Servoteh, Nessa, SuKam Solar and HVR Solar and 4 more; 2 of its 9 listed competitors have raised funding.
Company details
Himalayan Solar, based in Panchkula, focuses on working in the energy sector, promoting renewable energy, solar power, and pv modules and epc. Manufactures solar PV modules and provides comprehensive EPC solutions. The company prioritizes operational excellence, innovation, and customer-centric approaches for success.
- Headquarters Panchkula, India
- Stage Public
- SectorsEnergy & Utilities
- Email••••••••
- Website himalayansolar.co.in
- Social LinkedIn Facebook
- Legal Name Himalayan Solar Limited
- Market Cap₹185 Cr
HIMALAYAN-ST · NSE
- Share Price₹83.65
+1.58% today
- Revenue₹170 Cr
FY 2025-26 · +19.6% YoY
- EBITDA₹29.90 Cr
Margin 17.6%
- Net Profit₹20.99 Cr
FY 2025-26 · +27.8% YoY
Associated legal entities of Himalayan Solar
Himalayan Solar is associated with 2 registered companies on The Company Check; the primary company is Himalayan Solar Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Himalayan Solar Limited Listed CIN U40100HR2015PLC056609 | Active | 08 Sep 2015 | Panchkula, Haryana | ₹172 Cr | 82 | 8 | View details |
| Himalayan Solar Private Limited CIN U40100HR2015PTC056609 | – | 08 Sep 2015 | Panchkula, Haryana, India | – | – | – | View details |
Board of directors of Himalayan Solar Limited (Himalayan Solar)
Himalayan Solar Limited is the primary company behind Himalayan Solar. The board of Himalayan Solar Limited currently have 6 directors; the longest-serving is Manjeet Singh, appointed in 2018. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Manjeet Singh DIN 08202191 | Managing Director | 13 Aug 2018 | 8 yrs 2 mo | Himalayan Solar Limited |
| Mehtab Singh DIN 08436465 | Whole-time director | 18 Jul 2020 | 6 yrs 3 mo | Himalayan Solar Limited |
| Himanshu Dalal DIN 10774582 | Director | 10 Sep 2024 | 2 yrs 1 mo | Himalayan Solar Limited |
| Ramesh Chander Hooda DIN 10860950 | Director | 20 Dec 2024 | 1 yr 9 mo | Himalayan Solar Limited |
| Anita DIN 10206786 | Director | 20 Dec 2024 | 1 yr 9 mo | Himalayan Solar Limited |
| Sankara Sastry Oruganti DIN 10179426 | Director | 20 Dec 2024 | 1 yr 9 mo | Himalayan Solar Limited |
IPO & Listings of Himalayan Solar
Himalayan Solar is a publicly listed company on the NSE with ticker symbol HIMALAYAN in India, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date05 Oct 2026
- Listed onNSE: HIMALAYAN
- Listed entityHimalayan Solar Limited
- Exchange sectorElectronic technology
- ISININE1B7I01014
- Share price₹86.00 (-1.21% on the day) · 2026-10-14
- Market capitalisation₹187 Cr
- Volume (last session)32,400
Financials of Himalayan Solar
Exchange-reported figures of Himalayan Solar Limited, the listed company behind Himalayan Solar (NSE: HIMALAYAN-ST).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 170 | 142 | 138 | 47.59 |
| Revenue growth | +19.6% | +3.0% | +190.7% | - |
| EBITDA | 29.90 | 25.32 | 8.15 | 2.70 |
| EBITDA margin | +17.6% | +17.8% | +5.9% | +5.7% |
| Profit before tax | 27.69 | 21.99 | 6.87 | 0.84 |
| Net profit | 20.99 | 16.43 | 4.94 | 0.60 |
| Net profit margin | +12.3% | +11.5% | +3.6% | +1.3% |
| EPS (₹) | 12.74 | 45.59 | 13.70 | 1.62 |
| Balance sheet | ||||
| Total assets | 83.31 | 53.63 | 34.06 | 24.74 |
| Net worth | 46.93 | 26.45 | 10.32 | 5.38 |
| Total debt | 36.12 | 26.95 | 23.54 | 18.99 |
| Cash & bank | 10.32 | 6.84 | 4.61 | 9.47 |
| Net working capital | 75.43 | 46.26 | 29.59 | 22.91 |
| Cash flow | ||||
| Cash from operations | (2.07) | 3.90 | - | - |
| Cash from investing | (3.02) | 0.27 | - | - |
| Cash from financing | 6.91 | 1.42 | - | - |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Revenue | 170 | 142 | 138 | 47.59 |
| Revenue growth | +19.6% | +3.0% | +190.7% | - |
| Other income | 1.35 | 0.70 | 0.33 | 0.04 |
| Total expenses | 140 | 117 | 130 | 44.89 |
| Employee cost | 2.17 | 1.46 | 0.96 | 0.78 |
| EBITDA | 29.90 | 25.32 | 8.15 | 2.70 |
| EBITDA margin | +17.6% | +17.8% | +5.9% | +5.7% |
| Depreciation | 0.63 | 0.61 | 0.24 | 0.31 |
| Interest | 2.93 | 3.42 | 1.37 | 1.59 |
| Profit before tax | 27.69 | 21.99 | 6.87 | 0.84 |
| Tax | 7.02 | 5.56 | 1.93 | 0.24 |
| Net profit | 20.99 | 16.43 | 4.94 | 0.60 |
| Net profit margin | +12.3% | +11.5% | +3.6% | +1.3% |
| EPS (₹) | 12.74 | 45.59 | 13.70 | 1.62 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Equity & liabilities | ||||
| Share capital | 16.22 | 3.60 | 3.60 | 3.60 |
| Reserves & surplus | 30.71 | 22.85 | 6.72 | 1.78 |
| Shareholders' funds (net worth) | 46.93 | 26.45 | 10.32 | 5.38 |
| Secured loans | 23.76 | 23.36 | 19.24 | 16.54 |
| Unsecured loans | 12.36 | 3.59 | 4.30 | 2.45 |
| Total debt | 36.12 | 26.95 | 23.54 | 18.99 |
| Total liabilities | 83.31 | 53.63 | 34.06 | 24.74 |
| Assets | ||||
| Gross block | 7.40 | 7.01 | 2.56 | 2.15 |
| Net block | 6.06 | 5.21 | 1.37 | 1.20 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 3.30 | 3.37 | 23.87 | 3.56 |
| Sundry debtors | 125 | 66.32 | 40.45 | 11.89 |
| Cash & bank balances | 10.32 | 6.84 | 4.61 | 9.47 |
| Loans & advances | 11.38 | 9.92 | 10.73 | 5.79 |
| Total current assets | 150 | 86.45 | 79.66 | 30.71 |
| Total current liabilities | 74.91 | 40.19 | 50.07 | 7.80 |
| Net working capital | 75.43 | 46.26 | 29.59 | 22.91 |
| Total assets | 83.31 | 53.63 | 34.06 | 24.74 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Opening cash | 6.16 | 0.56 | - | - |
| Net cash from operating activities | (2.07) | 3.90 | - | - |
| Net cash from investing activities | (3.02) | 0.27 | - | - |
| Net cash from financing activities | 6.91 | 1.42 | - | - |
| Net change in cash | 1.81 | 5.59 | - | - |
| Closing cash | 10.32 | 6.84 | - | - |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Growth | ||||
| Sales growth | +19.6% | +3.0% | +190.7% | - |
| EBITDA growth | +18.1% | +210.7% | +201.9% | - |
| PBT growth | +25.9% | +220.1% | +717.9% | +9997.0% |
| Net income growth | +27.8% | +232.6% | +723.3% | - |
| Revenue CAGR (3Y) | +53.0% | - | - | - |
| EBITDA CAGR (3Y) | +122.9% | - | - | - |
| Profitability & leverage | ||||
| Net income margin | +12.1% | +11.5% | +3.6% | +1.3% |
| Return on capital employed | - | +58.0% | +28.0% | +9.7% |
| Return on net worth | - | +89.4% | +62.9% | +10.8% |
| Debt / equity | - | 1.37 | 2.71 | 3.53 |
| Long-term debt / equity | - | 0.06 | 0.01 | 0.02 |
| Interest cover | 10.01 | 13.84 | 17.32 | 66.53 |
| Efficiency & per share | ||||
| Fixed asset turnover | - | 29.77 | 58.73 | 22.13 |
| Inventory turnover | - | 10.46 | 10.09 | 13.37 |
| Debtors turnover | - | 2.67 | 5.29 | 4.00 |
| EPS (₹) | 12.74 | 45.59 | 13.70 | 1.62 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 28.93 | 73.40 | 28.65 | 14.95 |
Competitors of Himalayan Solar
Himalayan Solar has 9 listed competitors in our database, 2 of them funded. They include Borosil Renewables, Servoteh, Nessa, SuKam Solar and HVR Solar, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| borosilrenewables.com | 1962 | Mumbai, India | – | 762 | Solar glass is manufactured by Borosil Renewables for photovoltaic applications. | |
| servotech.in | 2004 | Delhi, India | – | 178 | Manufacturer of EV chargers, solar inverters, solar panels, batteries, servo stabilizers, UPS, and LEDs | |
| nessa.in | 2008 | Ahmedabad, India | $95,277 | 84 | Offers solar consumer goods | |
| sukam-solar.com | 1998 | Gurugram, India | $10.08M | 97 | Provider of range of products and services, including solar panels, inverters, and LED street lights for homes and industries | |
| hvrsolar.com | 2016 | Delhi, India | – | 59 | Manufactures solar panels, batteries, and modules for renewable energy solutions in India. | |
| gautamsolar.com | 1997 | Delhi, India | – | 19 | Manufactures solar modules and power plants with high-efficiency technology in India. | |
| ksolare.com | 2012 | Pune, India | – | 52 | Manufactures solar inverters and EV chargers for renewable energy solutions. | |
| dhashtec.com | 2017 | Bengaluru, India | – | 100 | Provides comprehensive solutions for PV junction boxes, connectors, and cables for solar panels. | |
| kosolenergie.com | 2005 | Ahmedabad, India | – | 92 | Manufactures solar products, provides renewable energy systems, and offers EPC services internationally. |
Detailed competitors of Himalayan Solar
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Web traffic of Himalayan Solar
The website of Himalayan Solar (himalayansolar.co.in) receives about 680.7K visits a month.
- Monthly visits680.7K
▼ 6.7% vs previous month
Websites whose visitors overlap most with Himalayan Solar. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| falconebiz.com | 100% | 959.8K | #63,970 | View details | |
| tofler.in | 97% | 556K | #105,509 | View details | |
| zaubacorp.com | 96% | 4.9M | #12,689 | View details | |
| tracxn.com | 92% | 2.9M | #16,597 | View details | |
| indiafilings.com | 90% | 2.1M | #29,959 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Himalayan Solar
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Top companies in Renewable Energy Platforms
10 companies that operate in the same segment as Himalayan Solar (Renewable Energy Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
Manufacturer of smart solar inverters | 2006 | Herzliya, Central District, Israel | USD 96.8 M | USD 1.18 B | 5,630 | |
Solar panel tracking software is provided for monitoring and control. | 2013 | Fremont, California, United States | USD 42.63 M | USD 3.56 B | 1,300 | |
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | 2010 | Pune, Maharashtra, India | USD 76.38 M | USD 56.11 M | 702 | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 2 B | – | 902 | |
Full-end solar services are provided to residential and commercial sectors. | 2009 | Charleston, South Carolina, United States | USD 670.36 M | – | 749 | |
Micro-inverters and energy storage systems are manufactured for solar applications. | 2006 | Fremont, California, United States | USD 100.07 M | USD 1.47 B | 2,780 | |
Producer and supplier of green hydrogen | 2017 | Nantes, Pays De La Loire, France | USD 96.93 M | USD 11.48 M | 199 | |
Online platform for funding solar projects | 2015 | New York, New York, United States | USD 503.95 M | – | 30 | |
Provider of hydrogen production and storage solutions | 1927 | Oslo, Oslo, Norway | – | USD 95.55 M | 409 |
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Related news about Himalayan Solar
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Frequently Asked Questions about Himalayan Solar
Himalayan Solar was founded in 2015.
Himalayan Solar is headquartered in Panchkula, India. It is registered at Panchkula, Haryana, India.
The primary company behind Himalayan Solar, Himalayan Solar Limited, reported revenue of ₹172 Cr for FY 2026, up 20% year on year.
Himalayan Solar, based in Panchkula, focuses on working in the energy sector, promoting renewable energy, solar power, and pv modules and epc. Manufactures solar PV modules and provides comprehensive EPC solutions. The company prioritizes operational excellence, innovation, and customer-centric approaches for success.
Himalayan Solar's top competitors include Servoteh, Borosil Renewables and SuKam Solar.
Yes, Himalayan Solar is publicly traded on NSE under the ticker symbol HIMALAYAN.
Himalayan Solar operates through Himalayan Solar Limited.
The legal entities of Himalayan Solar currently have 8 directors, including Manjeet Singh, Mehtab Singh, Ramesh Chander Hooda and others.
The website of Himalayan Solar receives about 681 thousand visits a month.