MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-HR-13-0000500
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
Authorised capital
₹23 Cr
Registered with MCA
Paid-up capital
₹22.11 Cr
Issued & subscribed
Open charges
₹55.61 Cr
Satisfied ₹28.76 Cr
About Himalayan Solar Limited
Data last updated:
Himalayan Solar Limited is a public limited company based in Panchkula, Haryana, India. It operates in the electric power generation segment of the energy sector. It was incorporated on 08 September 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN U40100HR2015PLC056609. Its GSTIN is 06AADCH6953K1Z9 (Haryana). The company holds 3 GST registrations, all of them active. Its shares are listed on NSE: HIMALAYAN.
The company has an authorised share capital of ₹23 Cr and a paid-up capital of ₹22.11 Cr. It is led by directors including Manjeet Singh (Managing Director) and Mehtab Singh (Whole-Time Director).
Its last annual general meeting (AGM) was held on 13 June 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Sector 20, Panchkula, Haryana.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹170.34 Cr, a growth of 19.6% compared to the previous year. For the same year it recorded a net profit of ₹20.99 Cr (net margin 12.3%) and EBITDA of ₹29.9 Cr (EBITDA margin 17.6%). The net worth stands at ₹46.93 Cr (up 77.4% YoY). Total assets are valued at ₹83.31 Cr (up 55.3% YoY).
The company is associated with 1 brand: Himalayan Solar. As per MCA filings, the company has open charges of ₹55.61 Cr and satisfied charges of ₹28.76 Cr on record. Court records list 9 cases involving the company, including 6 filed by the company and 3 filed against it; 2 cases are pending. The company has 10 deals on record (5 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹2.94 Cr; the latest was in September 2026. Its 10 peer companies in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers) are compared by revenue, 5 larger and 5 smaller; the largest is Biocon Electric Private Limited with revenue of ₹144.66 Cr.
Himalayan Solar Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-HR-13-0000500). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website himalayansolar.co.in.
Company Details of Himalayan Solar Limited
CIN U40100HR2015PLC056609
Registration Number 056609
Incorporation Date 08 September 2015
ROC Haryana
Listing Status Listed (NSE: HIMALAYAN)
Company Status Active
Date of Last AGM 13 June 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-HR-13-0000500
CIN History of Himalayan Solar Limited
Himalayan Solar has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U40100HR2015PLC056609, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40100HR2015PLC056609 | Current |
| U40100HR2015PTC056609 | Previous |
| U40300HR2015PTC056609 | Previous |
Key People
Manjeet Singh Managing Director Mehtab Singh Whole-Time Director Ramesh Chander Hooda Director Recognitions & Rankings of Himalayan Solar
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Registered AddressSCO 411, Sector 20, Panchkula, Haryana, India – 134117
- IndustryEnergy, Electric Power Generation, Transmission And Distribution
Comprehensive company report
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Associated Brands with Himalayan Solar Limited
Himalayan Solar operates one associated brand: Himalayan Solar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures solar PV modules and provides comprehensive EPC solutions. | himalayansolar.co.in |
Business Activity of Himalayan Solar Limited
The main business activity of Himalayan Solar is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Himalayan Solar Limited FY 2025-26 filings available
Himalayan Solar Limited reported revenue of ₹170.34 Cr (up 19.6% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue
₹170 Cr
+19.6% YoY
EBITDA
₹29.90 Cr
+18.1% YoY
Profit After Tax
₹20.99 Cr
+27.8% YoY
Net Worth
₹46.93 Cr
+77.4% YoY
Total Assets
₹83.31 Cr
+55.3% YoY
Total Debt
₹36.12 Cr
+34.0% YoY
Revenue 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
Figures in ₹ Cr; negatives in brackets. Updated 19 Oct 2026
| 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 |
Want more history and ratios?
You're viewing the latest exchange-filed financials for Himalayan Solar Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
Board of Directors of Himalayan Solar Limited
Himalayan Solar has 6 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manjeet Singh | Managing Director | 13 Aug 2018 | 8 Years 2 Months | Current |
| Mehtab Singh | Whole-Time Director | 18 Jul 2020 | 6 Years 3 Months | Current |
| Ramesh Chander Hooda | Director | 20 Dec 2024 | 1 Years 10 Months | Current |
| Anita Also directs: Y P Infra Solutions LLP, Y P Health Solutions LLP, Y.P. Infratech Private Limited and 1 more | Director | 20 Dec 2024 | 1 Years 10 Months | Current |
| Sankara Sastry Oruganti Also directs: Oriana Power Limited | Director | 20 Dec 2024 | 1 Years 10 Months | Current |
| Himanshu Dalal | Director | 10 Sep 2024 | 2 Years 1 Months | Current |
Peer Comparison of Himalayan Solar Limited
Himalayan Solar Limited is compared with the companies closest to it by revenue in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Himalayan Solar Limited this company | ₹170.34 Cr (FY 2026) | •••• | •••• | 19.6% | •••• | Panchkula, Haryana, India |
| Biocon Electric Private Limited | ₹144.66 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Delhi, India |
| Adani Renewable Energy Holding Nineteen Private Limited | ₹144.51 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | New Delhi, Delhi, India |
| Strolar Mounting Systems Private Limited | ₹144.47 Cr (FY 2025) | •••• | •••• | 42.0% | •••• | Delhi, India |
| Ankur Traders & Engineers Private Limited | ₹143.95 Cr (FY 2025) | •••• | •••• | 46.0% | •••• | New Delhi, Delhi, India |
| Atlas Transformers India Limited | ₹143.58 Cr (FY 2025) | •••• | •••• | -31.0% | •••• | Vadodara, Gujarat, India |
| Star Delta Transformers Limited Listed | ₹143.21 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Bhopal, Madhya Pradesh, India |
| Sainik Industries Private Limited | ₹143.16 Cr (FY 2024) | •••• | •••• | -79.0% | •••• | New Delhi, Delhi, India |
| Mahati Industries Private Limited | ₹142.53 Cr (FY 2025) | •••• | •••• | 42.0% | •••• | Pune, Maharashtra, India |
| Winomechanic Private Limited | ₹141.7 Cr (FY 2024) | •••• | •••• | 60.0% | •••• | Chennai, Tamil Nadu, India |
| Mishrilal Associates Private Limited | ₹141.15 Cr (FY 2025) | •••• | •••• | 108.0% | •••• | Bareilly, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Himalayan Solar by revenue in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of Himalayan Solar Limited
Open charges
₹55.61 Cr
Satisfied charges
₹28.76 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Aug 2026 | Axis Bank Limited | ₹1.59 Cr | Open |
| 08 Jul 2026 | Others | ₹2.4 Cr | Open |
| 14 Feb 2026 | Others | ₹39.5 Lakh | Open |
| 16 Jun 2025 | Others | ₹2.9 Cr | Open |
| 21 May 2024 | Hdfc Bank Limited | ₹17.78 Lakh | Open |
Total charge records: 15 View all charges
Deals & Funding of Himalayan Solar Limited
Himalayan Solar Limited has 10 deals on record (5 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹2.94 Cr; the latest was in September 2026.
Total deals
10
Secondary share transfers
5
Funding rounds
3
Rights issue
1
IPO
1
Disclosed funding
₹2.94 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2026 | IPO | ₹68.03 Cr | Investors: NAV Capital, Maestro Emerging Fund, Nova Global Opportunities Fund Seller: an individual |
| Feb 2025 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Global Rays Power Solution |
| Sep 2024 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Nov 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
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Full deal history
All 10 deals with amounts, valuations, instruments and every party are in the company report.
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- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Himalayan Solar Limited
Himalayan Solar Limited has 9 court cases on record: 6 filed by Himalayan Solar, 3 filed against it. 2 cases are pending and 7 are disposed. Status as checked between 29 Sep 2026 and 04 Oct 2026.
Total cases
9
Filed by the company
6
Filed against the company
3
Pending
2
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 3 | 2 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North West, Delhi | Criminal case | Filed against the company by HVR Solar Private Limited | Pending |
| District court, Panchkula, Haryana | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, Karnal, Haryana | Court case (SUMM) | Filed against the company by State of Haryana | Disposed |
| District court, Jind, Haryana | Court case (SUMM) | Filed against the company by State of Haryana | Disposed |
| High Court of Delhi | Writ petition | Filed by the company against Union of India & Anr | Disposed |
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Full case history
All 9 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Employees and EPFO Compliance at Himalayan Solar Limited
Employment history and EPFO contributions of people linked to Himalayan Solar.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Recent Activity on Himalayan Solar Limited
Himalayan Solar Limited has 10 board changes on record since 2017: 6 appointments and 4 cessations. The latest: Anita was appointed as Director on 20 Dec 2024.
Charges
A charge with Axis Bank Limited amounted to Rs. 1.59 Cr with Charge ID 101389777 was registered on 17 Aug 2026.
Charges
A charge with Others of Rs. 0.40 Cr registered on 14 Feb 2026 with Charge ID 101272130 was modified on 18 Jul 2026.
Charges
A charge with Others amounted to Rs. 2.40 Cr with Charge ID 101340343 was registered on 08 Jul 2026.
AGM
Himalayan Solar Limited last Annual general meeting of members was held on 13 Jun 2026 as per latest MCA records.
Charges
A charge registered on 19 Dec 2022 via Charge ID 100672508 with Axis Bank Limited was fully satisfied on 21 Apr 2026.
Charges
A charge with Axis Bank Limited of Rs. 16.00 Cr registered on 19 Dec 2022 with Charge ID 100664902 was modified on 09 Apr 2026.
Charges
A charge with Others of Rs. 2.90 Cr registered on 16 Jun 2025 with Charge ID 101108739 was modified on 07 Apr 2026.
Charges
A charge with Others of Rs. 32.00 Cr registered on 22 Dec 2023 with Charge ID 100864733 was modified on 07 Apr 2026.
Filing
Himalayan Solar Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Haryana.
Charges
A charge with Others amounted to Rs. 0.40 Cr with Charge ID 101272130 was registered on 14 Feb 2026.
Charges
A charge registered on 21 Dec 2021 via Charge ID 100535852 with Others was fully satisfied on 24 Sep 2025.
Charges
A charge with Others amounted to Rs. 2.90 Cr with Charge ID 101108739 was registered on 16 Jun 2025.
29 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Himalayan Solar Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Himalayan Solar Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Himalayan Solar Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Himalayan Solar Limited
Himalayan Solar has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AADCH6953K1Z9 | Haryana | Active | 01 Jul 2017 |
| 23AADCH6953K1ZD | Madhya Pradesh | Active | 15 Aug 2020 |
| 08AADCH6953K1Z5 | Rajasthan | Active | 24 Feb 2021 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Himalayan Solar Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Related news about Himalayan Solar Limited
Frequently Asked Questions about Himalayan Solar Limited
Himalayan Solar is an active public limited company based in Panchkula, Haryana, India. The company works in electric power generation, within the energy industry. It was incorporated on 08 September 2015 (11+ years old) and is registered under CIN U40100HR2015PLC056609. Listed on NSE: HIMALAYAN.
Himalayan Solar reported revenue of ₹170.34 Cr for FY 2025-26 (up 19.6% YoY) based on standalone financials.
Himalayan Solar has 6 current directors:
- Manjeet Singh - Managing Director
- Mehtab Singh - Whole-Time Director
- Ramesh Chander Hooda - Director
- Anita - Director
- Sankara Sastry Oruganti - Director
- Himanshu Dalal - Director
The GSTIN of Himalayan Solar is 06AADCH6953K1Z9, registered in Haryana. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 23AADCH6953K1ZD (Madhya Pradesh), 08AADCH6953K1Z5 (Rajasthan).
The CIN (Corporate Identification Number) of Himalayan Solar is U40100HR2015PLC056609. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Himalayan Solar is listed on NSE with symbol HIMALAYAN.
Himalayan Solar has 9 court cases on record: 6 filed by the company and 3 filed against it. 2 are pending. Most are in the district courts.
Himalayan Solar was incorporated on 08 September 2015, making it 11+ years old. It is registered with the Registrar of Companies, Haryana.
Himalayan Solar has 10 deals on record (5 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹2.94 Cr; the latest was in September 2026.
The peers of Himalayan Solar by revenue are Biocon Electric Private Limited, Adani Renewable Energy Holding Nineteen Private Limited, Strolar Mounting Systems Private Limited, Ankur Traders & Engineers Private Limited, Atlas Transformers India Limited and 5 more, all in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers).
Anita was appointed as Director on 20 Dec 2024. Ramesh Chander Hooda was appointed as Director on 20 Dec 2024. Sankara Sastry Oruganti was appointed as Director on 20 Dec 2024. Himalayan Solar has 10 board changes on record in total.