
About Mose Solar
Mose Solar is a publicly listed company based in Delhi (India) founded in 1983. PV modules, solar tiles, and related solar products are manufactured. The company has 70 employees. Its Indian entity Federal-Mogul Goetze (India) Limited reported revenue of βΉ2,009 Cr. Mose Solar offers products and services including High-efficiency Solar Photovoltaic Modules, Solar Mono PERC Modules, Solar Multi-crystalline Module, Solar Tiles, and Solar Shingles. Its focus areas include Energy, Solar Energy, Hardware Developer and Generation Equipment. Its competitors include Goldi Solar, Su-Kam Power Systems and Emmvee; 1 of its 3 listed competitors has raised funding.
Company details
Founded in 1983 in Delhi, India, the company operates in the solar energy sector. A range of photovoltaic products is produced, including multi-crystalline and monocrystalline solar cells, thin-film modules, mono PERC panels, roof shingles, solar walls, and kits. Optical storage media is also included in the offerings. An online educational program has been developed in collaboration with universities to support PV manufacturing courses.
- Headquarters Delhi, India
- Employees 70
- Stage Public
- SectorsEnergy & Utilities
- Emailβ’β’β’β’β’β’β’β’
- Website moserbaersolar.com
- Legal Name Federal-Mogul Goetze (India) Limited
- Date of Incorporation 26 Nov, 1954
- Jurisdiction Delhi, India
- Market Cap₹2,620 Cr
FMGOETZE · NSE
- Share Price₹480.95
+2.10% today
- Revenue₹1,958 Cr
FY 2025-26 · +8.8% YoY
- EBITDA₹286 Cr
Margin 14.6%
- Net Profit₹184 Cr
FY 2025-26 · +9.8% YoY
- P/E (TTM)14.3x
P/B 1.8x
- ROE13.2%
ROCE 17.9%
- Latest Funding Round$100M (USD), Post-IPO
Oct 2017
- InvestorsIDFC First Bank
& 4 more
- Employee Count70
Associated legal entities of Mose Solar
Mose Solar is associated with 2 registered companies on The Company Check; the primary company is Federal-Mogul Goetze (India) 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 |
|---|---|---|---|---|---|---|---|
| Federal-Mogul Goetze (India) Limited Listed CIN L74899DL1954PLC002452 | Active | 26 Nov 1954 | Delhi, Delhi | ₹2,009 Cr | 1,748 | 10 | View details |
| Moser Baer Solar Limited CIN U74999DL2007PLC160162 | Under Liquidation | 06 Mar 2007 | New Delhi, Delhi | ₹86.4 Cr | 196 | 5 | View details |
Products & Services of Mose Solar
Mose Solar offers a comprehensive portfolio of products and services, including High-efficiency Solar Photovoltaic Modules, Solar Mono PERC Modules, Solar Multi-crystalline Module, Solar Tiles, and Solar Shingles.
Modules that generate electricity from sunlight with high efficiency.
Advanced panels for improved energy conversion in various applications.
Cost-effective panels made from multiple silicon crystals for power.
Integrated roofing solutions that produce electricity from sunlight.
Durable shingles providing eco-friendly energy for homes.
Funding Insights of Mose Solar
- Total Rounds 1
- Last Round Post-IPO β $100M
- First Round $100M
(Oct 2017)
- Investors Count 5
All 1 funding rounds of Mose Solar with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2017 | $100M | Post-IPO | β | β |
5 investors in total: 5 institutional.
Investors in Mose Solar
Mose Solar has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include IDFC First Bank, Morgan Stanley and Credit Suisse.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government agency focused on small and medium-sized businesses | 1948 | bii.co.uk | London, United Kingdom | |
Wealth management, investment advisory, and financial services are provided. | 1935 | morganstanley.com | New York, United States | |
Wealth management, asset management, and investment banking services are offered. | 1856 | credit-suisse.com | Zurich, Switzerland | |
Diversified asset management services are offered globally by the firm. | 1925 | nomura.com | Chuo City, Japan | |
Commercial bank | 1997 | idfcfirstbank.com | Mumbai, India |
Investor details for Mose Solar
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Federal-Mogul Goetze (India) Limited (Mose Solar)
Federal-Mogul Goetze (India) Limited is the primary company behind Mose Solar. The boards of the 2 registered companies of Mose Solar currently have 12 directors; the longest-serving is Nita Puri, appointed in 2007. 47 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nita Puri DIN 00002331 | Director | 29 Mar 2007 | 19 yrs 7 mo | Moser Baer Solar Limited |
| Deepak Puri DIN 00002189 | Director | 29 Mar 2007 | 19 yrs 7 mo | Moser Baer Solar Limited |
| Sunita Mowdgal DIN 03352181 | Director | 27 Jul 2011 | 15 yrs 3 mo | Moser Baer Solar Limited |
| Sanjay Jain DIN 00506072 | Director | 18 Dec 2014 | 11 yrs 10 mo | Moser Baer Solar Limited |
| Khalid Iqbal Khan DIN 05253556 | Whole-time director | 22 May 2015 | 11 yrs 5 mo | Federal-Mogul Goetze (India) Limited |
| Nalini Jolly DIN 08520132 | Director | 13 Aug 2019 | 7 yrs 2 mo | Federal-Mogul Goetze (India) Limited |
| Rayasam Venkataramaiah DIN 05276853 | Director | 16 Dec 2024 | 1 yr 10 mo | Federal-Mogul Goetze (India) Limited |
| Rajesh Jain DIN 10619014 | Director | 13 Feb 2025 | 1 yr 8 mo | Federal-Mogul Goetze (India) Limited |
| Rishi Verma DIN 08943606 | Director | 11 Aug 2025 | 1 yr 2 mo | Federal-Mogul Goetze (India) Limited |
| Jason Wesley Johnson DIN 05226025 | Director | 11 Aug 2025 | 1 yr 2 mo | Federal-Mogul Goetze (India) Limited |
| Amit Mittal DIN 02292626 | Managing Director | 11 Aug 2025 | 1 yr 2 mo | Federal-Mogul Goetze (India) Limited |
| Varun Dua DIN 11476435 | Director | 12 Jan 2026 | 9 mo | Federal-Mogul Goetze (India) Limited |
IPO & Listings of Mose Solar
Mose Solar is a publicly listed company on the NSE with ticker symbol FMGOETZE in India, operating in the Auto Ancillaries 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 date01 Jan 1990
- Listed onBSE: 517140
- Listed entityFederal-Mogul Goetze (India) Limited
- Exchange sectorAuto Ancillaries
Financials of Mose Solar
Exchange-reported figures of Federal-Mogul Goetze (India) Limited, the listed company behind Mose Solar (NSE: FMGOETZE).
Financial Highlights
FY 2025-26 Β· ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,958 | 1,800 | 1,709 | 1,634 | 1,343 | 1,107 | 1,085 |
| Revenue growth | +8.8% | +5.4% | +4.6% | +21.7% | +21.3% | +2.0% | - |
| EBITDA | 286 | 285 | 239 | 210 | 164 | 83.52 | 130 |
| EBITDA margin | +14.6% | +15.8% | +14.0% | +12.9% | +12.2% | +7.5% | +12.0% |
| Profit before tax | 241 | 235 | 181 | 141 | 80.57 | 7.90 | 46.65 |
| Net profit | 184 | 167 | 130 | 102 | 55.72 | (54.62) | 33.56 |
| Net profit margin | +9.4% | +9.3% | +7.6% | +6.2% | +4.2% | -4.9% | +3.1% |
| EPS (βΉ) | 30.68 | 29.13 | 22.81 | 18.13 | 9.71 | 0.10 | 5.84 |
| Balance sheet | |||||||
| Total assets | 1,556 | 1,369 | 1,212 | 1,092 | 987 | 982 | 931 |
| Net worth | 1,437 | 1,268 | 1,110 | 980 | 876 | 821 | 818 |
| Total debt | 1.03 | 3.03 | 7.87 | 8.30 | 8.93 | 9.61 | 1.47 |
| Cash & bank | 829 | 610 | 418 | 330 | 186 | 213 | 124 |
| Net working capital | 902 | 772 | 566 | 441 | 353 | 360 | 306 |
| Cash flow | |||||||
| Cash from operations | 321 | 221 | 160 | 210 | 111 | 152 | 191 |
| Cash from investing | (211) | (16.92) | (61.74) | (58.43) | (130) | (20.02) | (81.15) |
| Cash from financing | (13.99) | (11.78) | (9.89) | (7.90) | (7.59) | (8.42) | (32.43) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 526 | 489 | 496 | 490 | 484 | 459 | 433 | 464 |
| Revenue growth (YoY) | +8.8% | +6.5% | +14.5% | +5.8% | +8.8% | - | - | - |
| Other income | 17.17 | 13.17 | 11.41 | 12.33 | 13.45 | 11.59 | 10.32 | 11.06 |
| EBITDA | 67.49 | 79.70 | 53.36 | 81.61 | 70.58 | 97.22 | 55.13 | 69.10 |
| EBITDA margin | +12.8% | +16.3% | +10.8% | +16.6% | +14.6% | +21.2% | +12.7% | +14.9% |
| Depreciation | 21.03 | 21.44 | 21.89 | 22.37 | 22.06 | 21.97 | 22.12 | 21.94 |
| Interest | 2.38 | 2.31 | 2.39 | 1.57 | 0.95 | 2.16 | 1.39 | 1.01 |
| Profit before tax | 61.25 | 69.12 | 40.49 | 70.00 | 61.02 | 84.68 | 41.94 | 57.21 |
| Tax | 15.91 | 18.34 | 9.76 | 18.69 | 15.87 | 23.25 | 11.34 | 16.51 |
| Net profit | 45.34 | 50.78 | 30.73 | 51.31 | 45.15 | 61.43 | 30.60 | 40.70 |
| EPS (βΉ) | 7.81 | 8.83 | 5.22 | 8.85 | 7.77 | 10.68 | 5.20 | 6.87 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,924 | 1,769 | 1,682 | 1,609 | 1,322 | 1,087 | 1,066 |
| Revenue growth | +8.8% | +5.2% | +4.6% | +21.7% | +21.6% | +1.9% | - |
| EBITDA | 249 | 248 | 209 | 179 | 135 | 59.64 | 102 |
| EBITDA margin | +12.9% | +14.0% | +12.4% | +11.1% | +10.2% | +5.5% | +9.6% |
| Profit before tax | 227 | 218 | 168 | 129 | 70.98 | 0.58 | 33.08 |
| Net profit | 181 | 165 | 128 | 97.94 | 54.41 | (1,092) | 30.88 |
| Net profit margin | +9.4% | +9.3% | +7.6% | +6.1% | +4.1% | -100.5% | +2.9% |
| EPS (βΉ) | 30.36 | 28.72 | 22.48 | 17.48 | 9.48 | 0.14 | 5.36 |
| Balance sheet | |||||||
| Total assets | 1,400 | 1,216 | 1,066 | 949 | 852 | 850 | 800 |
| Net worth | 1,362 | 1,195 | 1,040 | 911 | 811 | 757 | 754 |
| Total debt | 1.03 | 3.03 | 7.87 | 8.30 | 8.93 | 9.61 | 1.47 |
| Cash & bank | 731 | 506 | 331 | 266 | 124 | 130 | 48.70 |
| Net working capital | 786 | 658 | 464 | 351 | 270 | 269 | 210 |
| Cash flow | |||||||
| Cash from operations | 311 | 201 | 131 | 200 | 110 | 127 | 180 |
| Cash from investing | (201) | (18.68) | (60.36) | (52.20) | (111) | (21.69) | (86.66) |
| Cash from financing | (8.78) | (7.45) | (5.61) | (4.84) | (4.72) | (4.31) | (74.09) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 516 | 481 | 486 | 481 | 475 | 453 | 426 | 455 |
| Revenue growth (YoY) | +8.5% | +6.2% | +14.3% | +5.7% | +9.2% | - | - | - |
| Other income | 19.46 | 17.16 | 13.75 | 19.73 | 15.19 | 14.02 | 12.59 | 17.45 |
| Total expenses | 458 | 411 | 442 | 410 | 413 | 366 | 379 | 397 |
| EBITDA | 57.91 | 70.11 | 44.78 | 71.66 | 61.97 | 87.15 | 46.74 | 58.65 |
| EBITDA margin | +11.2% | +14.6% | +9.2% | +14.9% | +13.0% | +19.2% | +11.0% | +12.9% |
| Depreciation | 19.02 | 19.57 | 20.04 | 20.53 | 20.31 | 20.22 | 20.34 | 20.15 |
| Interest | 2.38 | 2.31 | 2.33 | 1.57 | 0.96 | 2.10 | 1.39 | 1.01 |
| Profit before tax | 55.97 | 65.39 | 36.16 | 69.29 | 55.89 | 78.85 | 37.60 | 54.94 |
| Tax | 14.61 | 17.13 | 8.37 | 17.87 | 14.46 | 20.36 | 10.16 | 14.86 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 526 | 489 | 496 | 490 | 484 | 459 | 433 | 464 |
| Revenue growth (YoY) | +8.8% | +6.5% | +14.5% | +5.8% | +8.8% | - | - | - |
| Other income | 17.17 | 13.17 | 11.41 | 12.33 | 13.45 | 11.59 | 10.32 | 11.06 |
| EBITDA | 67.49 | 79.70 | 53.36 | 81.61 | 70.58 | 97.22 | 55.13 | 69.10 |
| EBITDA margin | +12.8% | +16.3% | +10.8% | +16.6% | +14.6% | +21.2% | +12.7% | +14.9% |
| Depreciation | 21.03 | 21.44 | 21.89 | 22.37 | 22.06 | 21.97 | 22.12 | 21.94 |
| Interest | 2.38 | 2.31 | 2.39 | 1.57 | 0.95 | 2.16 | 1.39 | 1.01 |
| Profit before tax | 61.25 | 69.12 | 40.49 | 70.00 | 61.02 | 84.68 | 41.94 | 57.21 |
| Tax | 15.91 | 18.34 | 9.76 | 18.69 | 15.87 | 23.25 | 11.34 | 16.51 |
| Net profit | 45.34 | 50.78 | 30.73 | 51.31 | 45.15 | 61.43 | 30.60 | 40.70 |
| EPS (βΉ) | 7.81 | 8.83 | 5.22 | 8.85 | 7.77 | 10.68 | 5.20 | 6.87 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,958 | 1,800 | 1,709 | 1,634 | 1,343 | 1,107 | 1,085 |
| Revenue growth | +8.8% | +5.4% | +4.6% | +21.7% | +21.3% | +2.0% | - |
| Other income | 50.37 | 43.93 | 31.81 | 19.30 | 8.92 | 11.08 | 13.13 |
| Total expenses | 1,673 | 1,515 | 1,469 | 1,424 | 1,179 | 1,024 | 955 |
| Employee cost | 419 | 396 | 376 | 344 | 325 | 298 | 293 |
| EBITDA | 286 | 285 | 239 | 210 | 164 | 83.52 | 130 |
| EBITDA margin | +14.6% | +15.8% | +14.0% | +12.9% | +12.2% | +7.5% | +12.0% |
| Depreciation | 87.74 | 87.49 | 84.62 | 83.67 | 87.06 | 83.56 | 92.77 |
| Interest | 7.70 | 6.69 | 5.63 | 4.92 | 5.02 | 3.14 | 4.10 |
| Profit before tax | 241 | 235 | 181 | 141 | 80.57 | 7.90 | 46.65 |
| Tax | 62.64 | 64.99 | 47.48 | 33.67 | 21.75 | 2.95 | 7.93 |
| Net profit | 184 | 167 | 130 | 102 | 55.72 | (54.62) | 33.56 |
| Net profit margin | +9.4% | +9.3% | +7.6% | +6.2% | +4.2% | -4.9% | +3.1% |
| EPS (βΉ) | 30.68 | 29.13 | 22.81 | 18.13 | 9.71 | 0.10 | 5.84 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 55.63 | 55.63 | 55.63 | 55.63 | 55.63 | 55.63 | 55.63 |
| Reserves & surplus | 1,381 | 1,212 | 1,055 | 924 | 820 | 765 | 762 |
| Shareholders' funds (net worth) | 1,437 | 1,268 | 1,110 | 980 | 876 | 821 | 818 |
| Minority interest | 79.92 | 77.70 | 74.04 | 71.60 | 68.16 | 66.20 | 66.04 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 1.03 | 3.03 | 7.87 | 8.30 | 8.93 | 9.61 | 1.47 |
| Total debt | 1.03 | 3.03 | 7.87 | 8.30 | 8.93 | 9.61 | 1.47 |
| Total liabilities | 1,556 | 1,369 | 1,212 | 1,092 | 987 | 982 | 931 |
| Assets | |||||||
| Gross block | 1,784 | 1,776 | 1,734 | 1,655 | 1,613 | 1,566 | 1,507 |
| Net block | 474 | 516 | 534 | 508 | 528 | 547 | 555 |
| Capital work in progress | 72.46 | 24.08 | 55.26 | 85.32 | 48.47 | 28.65 | 42.35 |
| Investments | 10.01 | 1.78 | 1.65 | 1.57 | 1.56 | 0.07 | 0.07 |
| Inventories | 225 | 186 | 193 | 196 | 186 | 187 | 195 |
| Sundry debtors | 266 | 334 | 283 | 272 | 266 | 265 | 196 |
| Cash & bank balances | 829 | 610 | 418 | 330 | 186 | 213 | 124 |
| Loans & advances | 36.75 | 33.43 | 48.12 | 36.66 | 66.16 | 33.01 | 25.79 |
| Total current assets | 1,357 | 1,164 | 943 | 835 | 704 | 697 | 541 |
| Total current liabilities | 455 | 392 | 376 | 394 | 351 | 337 | 235 |
| Net working capital | 902 | 772 | 566 | 441 | 353 | 360 | 306 |
| Total assets | 1,556 | 1,369 | 1,212 | 1,092 | 987 | 982 | 931 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 610 | 418 | 330 | 186 | 213 | 89.06 | 11.21 |
| Net cash from operating activities | 321 | 221 | 160 | 210 | 111 | 152 | 191 |
| Net cash from investing activities | (211) | (16.92) | (61.74) | (58.43) | (130) | (20.02) | (81.15) |
| Net cash from financing activities | (13.99) | (11.78) | (9.89) | (7.90) | (7.59) | (8.42) | (32.43) |
| Net change in cash | 95.99 | 192 | 88.13 | 144 | (27.02) | 124 | 77.86 |
| Closing cash | 829 | 610 | 418 | 330 | 186 | 213 | 124 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +8.8% | +5.4% | +4.6% | +21.7% | +21.3% | +2.0% | - |
| EBITDA growth | +0.2% | +19.2% | +13.8% | +28.5% | +96.0% | -36.0% | - |
| PBT growth | +2.5% | +29.9% | +28.2% | +75.1% | +919.9% | -83.1% | -68.7% |
| Net income growth | +9.8% | +29.2% | +27.4% | +82.4% | +202.0% | -262.8% | - |
| Revenue CAGR (3Y) | +6.2% | +10.3% | +15.6% | +14.6% | +0.0% | -5.8% | -5.3% |
| EBITDA CAGR (3Y) | +10.8% | +20.3% | +42.0% | +17.3% | -10.2% | -28.4% | -15.3% |
| Profitability & leverage | |||||||
| Net income margin | +9.1% | +9.4% | +7.8% | +6.6% | +4.4% | +0.5% | +3.6% |
| Return on capital employed | +18.0% | +19.9% | +17.3% | +15.1% | +9.3% | +6.2% | +5.9% |
| Return on net worth | +13.2% | +14.3% | +12.8% | +11.6% | +6.9% | -6.1% | +4.8% |
| Debt / equity | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
| Long-term debt / equity | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 |
| Interest cover | 3.89 | 3.39 | 3.64 | 3.88 | 6.55 | -7,850.00 | 10.90 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.10 | 1.03 | 1.01 | 1.00 | 0.84 | 0.72 | 0.73 |
| Inventory turnover | 9.53 | 9.48 | 8.78 | 8.57 | 7.21 | 5.80 | 5.26 |
| Debtors turnover | 6.53 | 5.84 | 6.15 | 6.07 | 5.06 | 4.80 | 5.00 |
| EPS (βΉ) | 30.68 | 29.13 | 22.81 | 18.13 | 9.71 | 0.10 | 5.84 |
| Dividend per share (βΉ) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (βΉ) | 258.26 | 227.92 | 199.58 | 176.09 | 157.43 | 147.53 | 146.99 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 516 | 481 | 486 | 481 | 475 | 453 | 426 | 455 |
| Revenue growth (YoY) | +8.5% | +6.2% | +14.3% | +5.7% | +9.2% | - | - | - |
| Other income | 19.46 | 17.16 | 13.75 | 19.73 | 15.19 | 14.02 | 12.59 | 17.45 |
| Total expenses | 458 | 411 | 442 | 410 | 413 | 366 | 379 | 397 |
| EBITDA | 57.91 | 70.11 | 44.78 | 71.66 | 61.97 | 87.15 | 46.74 | 58.65 |
| EBITDA margin | +11.2% | +14.6% | +9.2% | +14.9% | +13.0% | +19.2% | +11.0% | +12.9% |
| Depreciation | 19.02 | 19.57 | 20.04 | 20.53 | 20.31 | 20.22 | 20.34 | 20.15 |
| Interest | 2.38 | 2.31 | 2.33 | 1.57 | 0.96 | 2.10 | 1.39 | 1.01 |
| Profit before tax | 55.97 | 65.39 | 36.16 | 69.29 | 55.89 | 78.85 | 37.60 | 54.94 |
| Tax | 14.61 | 17.13 | 8.37 | 17.87 | 14.46 | 20.36 | 10.16 | 14.86 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,924 | 1,769 | 1,682 | 1,609 | 1,322 | 1,087 | 1,066 |
| Revenue growth | +8.8% | +5.2% | +4.6% | +21.7% | +21.6% | +1.9% | - |
| Other income | 65.82 | 56.66 | 42.34 | 31.88 | 22.36 | 23.71 | 24.76 |
| Total expenses | 1,675 | 1,521 | 1,473 | 1,429 | 1,187 | 1,027 | 964 |
| Employee cost | 408 | 385 | 366 | 335 | 316 | 289 | 285 |
| EBITDA | 249 | 248 | 209 | 179 | 135 | 59.64 | 102 |
| EBITDA margin | +12.9% | +14.0% | +12.4% | +11.1% | +10.2% | +5.5% | +9.6% |
| Depreciation | 80.45 | 80.24 | 77.71 | 77.29 | 81.06 | 79.59 | 88.63 |
| Interest | 7.54 | 6.55 | 5.53 | 4.78 | 4.88 | 3.18 | 5.41 |
| Profit before tax | 227 | 218 | 168 | 129 | 70.98 | 0.58 | 33.08 |
| Tax | 57.84 | 58.13 | 42.86 | 31.73 | 18.22 | (0.20) | 3.26 |
| Net profit | 181 | 165 | 128 | 97.94 | 54.41 | (1,092) | 30.88 |
| Net profit margin | +9.4% | +9.3% | +7.6% | +6.1% | +4.1% | -100.5% | +2.9% |
| EPS (βΉ) | 30.36 | 28.72 | 22.48 | 17.48 | 9.48 | 0.14 | 5.36 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 55.63 | 55.63 | 55.63 | 55.63 | 55.63 | 55.63 | 55.63 |
| Reserves & surplus | 1,307 | 1,140 | 984 | 856 | 755 | 702 | 698 |
| Shareholders' funds (net worth) | 1,362 | 1,195 | 1,040 | 911 | 811 | 757 | 754 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 1.03 | 3.03 | 7.87 | 8.30 | 8.93 | 9.61 | 1.47 |
| Total debt | 1.03 | 3.03 | 7.87 | 8.30 | 8.93 | 9.61 | 1.47 |
| Total liabilities | 1,400 | 1,216 | 1,066 | 949 | 852 | 850 | 800 |
| Assets | |||||||
| Gross block | 1,670 | 1,657 | 1,614 | 1,545 | 1,511 | 1,473 | 1,420 |
| Net block | 434 | 474 | 486 | 463 | 487 | 511 | 521 |
| Capital work in progress | 69.61 | 21.87 | 54.52 | 76.48 | 34.49 | 21.16 | 36.02 |
| Investments | 15.11 | 6.88 | 6.75 | 6.67 | 6.66 | 5.17 | 5.17 |
| Inventories | 209 | 175 | 182 | 184 | 173 | 173 | 184 |
| Sundry debtors | 257 | 327 | 276 | 266 | 258 | 257 | 184 |
| Cash & bank balances | 731 | 506 | 331 | 266 | 124 | 130 | 48.70 |
| Loans & advances | 35.53 | 32.55 | 47.04 | 35.45 | 65.24 | 32.38 | 23.50 |
| Total current assets | 1,233 | 1,041 | 836 | 751 | 621 | 593 | 440 |
| Total current liabilities | 447 | 383 | 372 | 400 | 350 | 324 | 230 |
| Net working capital | 786 | 658 | 464 | 351 | 270 | 269 | 210 |
| Total assets | 1,400 | 1,216 | 1,066 | 949 | 852 | 850 | 800 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 506 | 331 | 266 | 123 | 130 | 28.70 | 9.41 |
| Net cash from operating activities | 311 | 201 | 131 | 200 | 110 | 127 | 180 |
| Net cash from investing activities | (201) | (18.68) | (60.36) | (52.20) | (111) | (21.69) | (86.66) |
| Net cash from financing activities | (8.78) | (7.45) | (5.61) | (4.84) | (4.72) | (4.31) | (74.09) |
| Net change in cash | 102 | 175 | 65.47 | 143 | (6.07) | 101 | 19.29 |
| Closing cash | 731 | 506 | 331 | 266 | 124 | 130 | 48.70 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +8.8% | +5.2% | +4.6% | +21.7% | +21.6% | +1.9% | - |
| EBITDA growth | +0.3% | +18.8% | +16.5% | +33.1% | +125.6% | -41.7% | - |
| PBT growth | +4.0% | +29.8% | +30.2% | +81.7% | - | -98.3% | -74.2% |
| Net income growth | +9.9% | +29.1% | +30.3% | +80.0% | +105.0% | -3635.6% | - |
| Revenue CAGR (3Y) | +6.2% | +10.2% | +15.7% | +14.7% | +0.1% | -5.9% | -5.3% |
| EBITDA CAGR (3Y) | +11.6% | +22.6% | +51.8% | +20.5% | -11.0% | -32.3% | -17.7% |
| Profitability & leverage | |||||||
| Net income margin | +8.8% | +9.0% | +7.4% | +6.0% | +4.0% | +0.1% | +2.8% |
| Return on capital employed | +17.9% | +19.7% | +17.2% | +14.9% | +8.9% | +5.8% | +4.7% |
| Return on net worth | +13.2% | +14.3% | +12.8% | +11.3% | +6.7% | -144.5% | +4.0% |
| Debt / equity | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.05 |
| Long-term debt / equity | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 |
| Interest cover | 4.48 | 3.90 | 4.22 | 4.69 | 9.12 | -15.94 | 39.40 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.16 | 1.08 | 1.06 | 1.05 | 0.89 | 0.75 | 0.77 |
| Inventory turnover | 10.03 | 9.91 | 9.21 | 9.02 | 7.63 | 6.08 | 5.45 |
| Debtors turnover | 6.58 | 5.87 | 6.20 | 6.13 | 5.12 | 4.93 | 5.17 |
| EPS (βΉ) | 30.36 | 28.72 | 22.48 | 17.48 | 9.48 | 0.14 | 5.36 |
| Dividend per share (βΉ) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (βΉ) | 244.87 | 214.85 | 186.93 | 163.81 | 145.80 | 136.13 | 135.56 |
Timeline of Mose Solar
3 dated milestones of Mose Solar across 34 years, from founding to its latest funding, stage changes and deals.
- Founded Mose Solar is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $100.0M.
Competitors of Mose Solar
Mose Solar has 3 listed competitors in our database, 1 of them funded. They include Goldi Solar, Su-Kam Power Systems and Emmvee.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| goldisolar.com | 2011 | Surat, India | $230.96M | 1,583 | Manufacturer of solar PV modules | |
| su-kam.com | 1988 | Gurugram, India | 288 | Solar panels and power storage products are manufactured. | ||
| emmvee.com | 1992 | Bengaluru, India | 530 | Manufactures solar panels, water heaters, and turnkey solutions for renewable energy. |
Detailed competitors of Mose Solar
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Web traffic of Mose Solar
The website of Mose Solar (moserbaersolar.com) receives about 3.7K visits a month.
- Monthly visits3.7K
▼ 4.7% vs previous month
Websites whose visitors overlap most with Mose Solar. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| trinasolar.com | 100% | 281.4K | #80,629 | View details | |
| solarplaza.com | 100% | #971,424 | View details | ||
| motech.com.tw | 100% | #8,013,953 | View details | ||
snec.org.cn | snec.org.cn | 100% | #3,587,503 | β | |
| suntech-power.com | 100% | 9K | #2,555,169 | View details | |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
All 9 similar websites and full traffic analytics for Mose Solar
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- 9 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Mose Solar (Renewable & Sustainable Energy) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 111.38 M | USD 2.77 B | 8,690 |
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Related news about Mose Solar
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Frequently Asked Questions about Mose Solar
Mose Solar was founded in 1983 and raised its 1st funding round 34 years after it was founded.
Mose Solar is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Mose Solar has 70 employees.
The primary company behind Mose Solar, Federal-Mogul Goetze (India) Limited, reported revenue of βΉ2,009 Cr for FY 2026, up 9% year on year.
Founded in 1983 in Delhi, India, the company operates in the solar energy sector. A range of photovoltaic products is produced, including multi-crystalline and monocrystalline solar cells, thin-film modules, mono PERC panels, roof shingles, solar walls, and kits. Optical storage media is also included in the offerings. An online educational program has been developed in collaboration with universities to support PV manufacturing courses.
Mose Solar's top competitors include Goldi Solar, Su-Kam Power Systems and Emmvee.
Mose Solar offers High-efficiency Solar Photovoltaic Modules, Solar Mono PERC Modules, Solar Multi-crystalline Module, Solar Tiles, and Solar Shingles.
Yes, Mose Solar is publicly traded on NSE under the ticker symbol FMGOETZE.
Mose Solar has 5 investors. Key investors include IDFC First Bank, Morgan Stanley, Credit Suisse, Nomura, and British International Investment.
Mose Solar is associated with 2 legal entities: Federal-Mogul Goetze (India) Limited, Moser Baer Solar Limited.
The legal entities of Mose Solar currently have 13 directors, including Nita Puri, Suresh Kumar Gupta, Sunita Mowdgal and others.
