Smarten Power Systems

Gurugram, India Founded: 2014 • Age: 12 yrs Listed
Manufacturer of solar charging products

About Smarten Power Systems

Smarten Power Systems is a publicly listed company based in Gurugram (India) founded in 2014 by Ravi Dutt, Tirath Khaira, Rajnish Sharma, and Arun Bhardwaj. The company has 200 employees. Its chief executive, as recorded, is Rajnish Sharma. Its Indian entity Smarten Power Systems Limited reported revenue of β‚Ή244 Cr. Smarten Power Systems offers products and services including Home UPS, Solar Panels, Solar Charge Controller, and Batteries. Its focus areas include Energy, Solar Energy, Solar Products and Charging.

Company details

Manufacturer of solar charging products. It is specializing in the manufacture of solar inverters, batteries, and solar panels. The company is dedicated to advancing sustainable energy solutions and is recognized for its innovative, high-quality products and strong support for distributors and customers.

  • Headquarters Gurugram, India
  • Employees 200
  • Founders Ravi Dutt, Tirath Khaira, Rajnish Sharma, Arun Bhardwaj
  • Stage Public
  • Sectors
    Energy & Utilities
  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Website smartenpowersystems.com
  • Social LinkedIn X Facebook YouTube
  • Legal Name Smarten Power Systems Limited
Key Metrics
  • Market Cap
    ₹99.28 Cr

    SMARTEN-SM · NSE

  • Share Price
    ₹51.00

    -2.39% today

  • Revenue
    ₹243 Cr

    FY 2025-26 · +20.3% YoY

  • EBITDA
    ₹11.97 Cr

    Margin 4.9%

  • Net Profit
    ₹8.80 Cr

    FY 2025-26 · -31.1% YoY

  • P/E (TTM)
    11.7x

    P/B 1.2x

  • Employee Count
    200

Products & Services of Smarten Power Systems

Smarten Power Systems offers a comprehensive portfolio of products and services, including Home UPS, Solar Panels, Solar Charge Controller, and Batteries.

Home UPS
Inverters

Provides uninterruptible power supply for homes

Solar Panels
Solar Energy

Generates electricity from sunlight using monocrystalline types

Solar Charge Controller
Energy Management

Regulates charging for solar batteries

Batteries
Energy Storage

Stores energy for solar and inverter systems

Board of directors of Smarten Power Systems Limited (Smarten Power Systems)

Smarten Power Systems Limited is the primary company behind Smarten Power Systems. The board of Smarten Power Systems Limited currently have 7 directors; the longest-serving is Rajnish Sharma, appointed in 2014. 7 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Rajnish Sharma
DIN 06813014
Whole-time director30 Jul 201412 yrs 2 moSmarten Power Systems Limited
Arun Bhardwaj
DIN 06964929
Managing Director03 Sep 201412 yrs 1 moSmarten Power Systems Limited
Ravi Dutt
DIN 06813116
Whole-time director24 Nov 201411 yrs 11 moSmarten Power Systems Limited
Tirath Singh Khaira
DIN 07943524
Whole-time director19 Sep 20179 yrs 1 moSmarten Power Systems Limited
Vaishali Srivastava
DIN 09633061
Director21 Nov 20241 yr 11 moSmarten Power Systems Limited
Tejas Pralhad Karhadkar
DIN 10794684
Director21 Nov 20241 yr 11 moSmarten Power Systems Limited
Khyati Pahuja
DIN 10768473
Director02 Apr 20266 moSmarten Power Systems Limited

People of Smarten Power Systems

4 people are tracked at Smarten Power Systems (4 in leadership); the tracked headcount is 200.

NameRoleGroup
Co-FounderLeadership
Co-FounderLeadership
Co-Founder & Chief Executive OfficerLeadership
Co-Founder & MDLeadership
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Complete people profiles for Smarten Power Systems

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IPO & Listings of Smarten Power Systems

Smarten Power Systems is a publicly listed company on the NSE with ticker symbol SMARTEN in India, operating in the Producer manufacturing 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 date14 Jul 2025
  • Listed onNSE: SMARTEN
  • Listed entitySmarten Power Systems Limited
  • Exchange sectorProducer manufacturing
  • ISININE14GK01016
  • Share price₹57.00 (+7.55% on the day) · 2026-10-14
  • Market capitalisation₹99.8 Cr
  • Price to earnings12.3
  • EPS (diluted, trailing year)₹4.63
  • Volume (last session)12,000

Financials of Smarten Power Systems

Exchange-reported figures of Smarten Power Systems Limited, the listed company behind Smarten Power Systems (NSE: SMARTEN-SM).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹243 Cr
+20.3% YoY
EBITDA
₹11.97 Cr
-29.3% YoY
Profit After Tax
₹8.80 Cr
-31.1% YoY
Net Worth
₹83.64 Cr
+117.0% YoY
Total Assets
₹90.73 Cr
+60.7% YoY
Total Debt
₹5.48 Cr
-67.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue24320219518016496.08
Revenue growth+20.3%+3.4%+8.5%+9.8%+70.5%-
EBITDA11.9716.9413.541.861.671.59
EBITDA margin+4.9%+8.4%+6.9%+1.0%+1.0%+1.7%
Profit before tax11.7817.1716.097.205.523.13
Net profit8.8012.7811.305.143.992.34
Net profit margin+3.6%+6.3%+5.8%+2.9%+2.4%+2.4%
EPS (β‚Ή)4.638.51112.9051.57165.8996.55
Balance sheet
Total assets90.7356.4733.4319.3711.606.47
Net worth83.6438.5425.7714.488.564.61
Total debt5.4816.596.684.132.411.56
Cash & bank2.563.322.521.912.721.99
Net working capital63.3144.9727.6114.486.643.57
Cash flow
Cash from operations(8.08)(2.51)0.16(2.54)2.631.83
Cash from investing(16.82)(5.80)(1.50)(0.35)(2.41)(2.20)
Cash from financing24.149.111.952.090.521.26
ParticularsSep 2024Jun 2024
Revenue46.7661.44
Other income0.300.62
EBITDA2.265.17
EBITDA margin+4.8%+8.4%
Depreciation0.100.10
Interest0.120.16
Profit before tax2.345.53
Tax0.401.47
Net profit1.944.06
EPS (β‚Ή)0.002.70
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue22918017917016396.08
Revenue growth+27.7%+0.3%+5.2%+4.6%+69.3%-
EBITDA11.3715.8613.472.401.611.59
EBITDA margin+5.0%+8.8%+7.5%+1.4%+1.0%+1.7%
Profit before tax11.0815.8215.266.665.483.13
Net profit8.2711.7210.734.763.962.34
Net profit margin+3.6%+6.5%+6.0%+2.8%+2.4%+2.4%
EPS (β‚Ή)4.357.83107.3047.50164.7396.55
Balance sheet
Total assets88.2154.4832.4718.9711.616.47
Net worth81.1236.5524.8114.088.574.61
Total debt5.4816.596.684.132.411.56
Cash & bank1.123.092.271.642.651.99
Net working capital60.8042.9626.6514.096.653.57
Cash flow
Cash from operations(9.33)(2.50)0.15(2.76)2.551.83
Cash from investing(16.82)(5.80)(1.50)(0.35)(2.41)(2.20)
Cash from financing24.189.131.982.100.521.26
ParticularsSep 2024Jun 2024
Revenue31.0861.44
Other income(0.07)0.62
Total expenses29.9156.27
EBITDA1.175.17
EBITDA margin+3.8%+8.4%
Depreciation0.100.10
Interest0.100.16
Profit before tax0.905.53
Tax0.041.47

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 24 Oct 2026
ParticularsSep 2024Jun 2024
Revenue46.7661.44
Other income0.300.62
EBITDA2.265.17
EBITDA margin+4.8%+8.4%
Depreciation0.100.10
Interest0.120.16
Profit before tax2.345.53
Tax0.401.47
Net profit1.944.06
EPS (β‚Ή)0.002.70
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Revenue24320219518016496.08
Revenue growth+20.3%+3.4%+8.5%+9.8%+70.5%-
Other income1.641.453.546.134.561.97
Total expenses23118518217816294.49
Employee cost0.0014.9812.1911.779.176.76
EBITDA11.9716.9413.541.861.671.59
EBITDA margin+4.9%+8.4%+6.9%+1.0%+1.0%+1.7%
Depreciation0.780.410.390.390.370.28
Interest1.050.810.600.400.340.15
Profit before tax11.7817.1716.097.205.523.13
Tax2.984.394.792.061.530.79
Net profit8.8012.7811.305.143.992.34
Net profit margin+3.6%+6.3%+5.8%+2.9%+2.4%+2.4%
EPS (β‚Ή)4.638.51112.9051.57165.8996.55
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital19.0015.001.001.000.240.24
Reserves & surplus64.6423.5424.7713.488.324.37
Shareholders' funds (net worth)83.6438.5425.7714.488.564.61
Minority interest0.000.000.000.000.000.00
Secured loans5.4816.596.684.132.411.56
Unsecured loans0.000.000.000.000.000.00
Total debt5.4816.596.684.132.411.56
Total liabilities90.7356.4733.4319.3711.606.47
Assets
Gross block23.466.986.856.256.022.03
Net block20.254.564.834.634.781.16
Capital work in progress6.894.580.880.120.000.00
Investments0.000.000.000.000.000.00
Inventories39.2834.0122.6830.5020.5213.84
Sundry debtors51.5738.2342.7032.2427.2812.77
Cash & bank balances2.563.322.521.912.721.99
Loans & advances17.9610.185.536.486.548.48
Total current assets11185.7473.4371.1357.0637.08
Total current liabilities48.0640.7745.8256.6550.4233.51
Net working capital63.3144.9727.6114.486.643.57
Total assets90.7356.4733.4319.3711.606.47
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Opening cash3.322.521.912.721.991.10
Net cash from operating activities(8.08)(2.51)0.16(2.54)2.631.83
Net cash from investing activities(16.82)(5.80)(1.50)(0.35)(2.41)(2.20)
Net cash from financing activities24.149.111.952.090.521.26
Net change in cash(0.76)0.800.61(0.81)0.730.90
Closing cash2.563.322.521.912.721.99
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Growth
Sales growth+20.3%+3.4%+8.5%+9.8%+70.5%-
EBITDA growth-29.3%+25.1%+628.0%+11.4%+5.0%-
PBT growth-31.4%+6.7%+123.5%+30.4%+76.4%+9997.0%
Net income growth-31.1%+13.1%+119.8%+28.8%+70.5%-
Revenue CAGR (3Y)+10.5%+7.2%+26.7%---
EBITDA CAGR (3Y)+86.0%+116.5%+104.2%---
Profitability & leverage
Net income margin+3.6%+6.3%+5.8%+2.9%+2.4%+2.4%
Return on capital employed-+40.0%+63.2%+49.1%+64.9%+50.4%
Return on net worth-+39.7%+56.1%+44.8%+60.6%+50.3%
Debt / equity-0.360.270.280.300.34
Long-term debt / equity-0.040.020.040.060.02
Interest cover9.384.904.5627.2126.1511.45
Efficiency & per share
Fixed asset turnover-29.1829.8029.3340.7147.33
Inventory turnover-7.127.347.059.546.94
Debtors turnover-4.995.216.058.187.52
EPS (β‚Ή)4.638.51112.9051.57165.8996.55
Dividend per share (β‚Ή)0.000.000.000.000.000.00
Book value per share (β‚Ή)0.0025.69257.67144.77355.96191.72
ParticularsSep 2024Jun 2024
Revenue31.0861.44
Other income(0.07)0.62
Total expenses29.9156.27
EBITDA1.175.17
EBITDA margin+3.8%+8.4%
Depreciation0.100.10
Interest0.100.16
Profit before tax0.905.53
Tax0.041.47
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Revenue22918017917016396.08
Revenue growth+27.7%+0.3%+5.2%+4.6%+69.3%-
Other income1.501.162.755.024.571.97
Total expenses21816416516816194.49
Employee cost0.0013.9011.4711.039.236.76
EBITDA11.3715.8613.472.401.611.59
EBITDA margin+5.0%+8.8%+7.5%+1.4%+1.0%+1.7%
Depreciation0.780.410.390.390.370.28
Interest1.010.790.570.370.330.15
Profit before tax11.0815.8215.266.665.483.13
Tax2.814.104.531.901.520.79
Net profit8.2711.7210.734.763.962.34
Net profit margin+3.6%+6.5%+6.0%+2.8%+2.4%+2.4%
EPS (β‚Ή)4.357.83107.3047.50164.7396.55
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital19.0015.001.001.000.240.24
Reserves & surplus62.1221.5523.8113.088.334.37
Shareholders' funds (net worth)81.1236.5524.8114.088.574.61
Secured loans5.4816.596.684.132.411.56
Unsecured loans0.000.000.000.000.000.00
Total debt5.4816.596.684.132.411.56
Total liabilities88.2154.4832.4718.9711.616.47
Assets
Gross block23.466.986.856.376.022.03
Net block20.254.564.834.754.781.16
Capital work in progress6.894.580.880.000.000.00
Investments0.010.010.010.010.010.00
Inventories38.7933.0822.4429.9920.2013.84
Sundry debtors49.6535.2741.1532.1627.2212.77
Cash & bank balances1.123.092.271.642.651.99
Loans & advances17.3010.664.635.455.878.48
Total current assets10782.1070.4969.2455.9437.08
Total current liabilities46.0639.1443.8455.1549.2933.51
Net working capital60.8042.9626.6514.096.653.57
Total assets88.2154.4832.4718.9711.616.47
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Opening cash3.092.271.642.651.991.10
Net cash from operating activities(9.33)(2.50)0.15(2.76)2.551.83
Net cash from investing activities(16.82)(5.80)(1.50)(0.35)(2.41)(2.20)
Net cash from financing activities24.189.131.982.100.521.26
Net change in cash(1.97)0.830.62(1.01)0.660.90
Closing cash1.123.092.271.642.651.99
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Growth
Sales growth+27.7%+0.3%+5.2%+4.6%+69.3%-
EBITDA growth-28.3%+17.7%+461.3%+49.1%+1.3%-
PBT growth-30.0%+3.7%+129.1%+21.5%+75.1%+9997.0%
Net income growth-29.4%+9.2%+125.4%+20.2%+69.2%-
Revenue CAGR (3Y)+10.5%+3.4%+23.0%---
EBITDA CAGR (3Y)+68.0%+114.4%+103.9%---
Profitability & leverage
Net income margin+3.6%+6.5%+6.0%+2.8%+2.4%+2.4%
Return on capital employed-+38.3%+61.6%+45.9%+64.3%+50.4%
Return on net worth-+38.3%+55.2%+41.9%+60.1%+50.3%
Debt / equity-0.380.280.290.300.34
Long-term debt / equity-0.040.020.040.060.02
Interest cover9.545.114.3618.4126.6111.45
Efficiency & per share
Fixed asset turnover-25.9627.0727.4540.4047.33
Inventory turnover-6.476.836.789.556.94
Debtors turnover-4.704.885.738.137.52
EPS (β‚Ή)4.357.83107.3047.50164.7396.55
Dividend per share (β‚Ή)0.000.000.000.000.000.00
Book value per share (β‚Ή)0.0024.37248.13140.83356.46191.72

Web traffic of Smarten Power Systems

The website of Smarten Power Systems (smartenpowersystems.com) receives about 3.2K visits a month.

  • Monthly visits
    3.2K

    ▲ 51.9% vs previous month

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Top companies in Renewable & Sustainable Energy

3 companies that operate in the same segment as Smarten Power Systems (Renewable & Sustainable Energy) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Hybrid renewable energy solutions are provided for rural communities.
2008Patna, Bihar, IndiaUSD 73.99 MUSD 3.46 M294
Solar energy projects are developed for commercial and industrial clients.
2011Mumbai, Maharashtra, IndiaUSD 442.67 MUSD 166.51 M365
Manufacturer of solar PV modules
1990Mumbai, Maharashtra, IndiaUSD 111.38 MUSD 2.77 B8,690
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Related news about Smarten Power Systems

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Frequently Asked Questions about Smarten Power Systems

Smarten Power Systems was founded in 2014.

Smarten Power Systems is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.

Rajnish Sharma is the CEO of Smarten Power Systems, as recorded in our data. They have also founded this company.

Smarten Power Systems has 200 employees.

The primary company behind Smarten Power Systems, Smarten Power Systems Limited, reported revenue of β‚Ή244 Cr for FY 2026, up 20% year on year.

Manufacturer of solar charging products. It is specializing in the manufacture of solar inverters, batteries, and solar panels. The company is dedicated to advancing sustainable energy solutions and is recognized for its innovative, high-quality products and strong support for distributors and customers.

Smarten Power Systems offers Home UPS, Solar Panels, Solar Charge Controller, and Batteries.

Yes, Smarten Power Systems is publicly traded on NSE under the ticker symbol SMARTEN.

Smarten Power Systems operates through Smarten Power Systems Limited.

The legal entities of Smarten Power Systems currently have 9 directors, including Tirath Singh Khaira, Rajnish Sharma, Ravi Dutt and others.

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