Loading…
Citizen Solar (BSE 538786)₹181.10+2.84%Print Media
In the Mar 2026 quarter (standalone), Citizen Solar reported sales of ₹110 Cr and net profit of ₹13.96 Cr. For the year to Mar 2026, sales were ₹310 Cr and net profit ₹21.94 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.99 | 0.00 | 0.99 | 0.99 | 0.99 | 1.99 | 0.99 | 0.00 | 0.99 | 2.99 | 0.00 | 110 |
| Expenses | 0.99 | 0.00 | 0.99 | 0.99 | 0.99 | 1.99 | 0.99 | 0.99 | 0.99 | 2.99 | 0.00 | 93.81 |
| Operating Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 15.99 |
| OPM % | −9.0% | −23.9% | −8.0% | −8.0% | −9.9% | −2.8% | −10.0% | −19.9% | 2.2% | 5.0% | −99.9% | 14.1% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 15.96 |
| Tax % | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 99.9% | 0.0% | 0.0% | 0.0% | 11.9% |
| Net Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 13.96 |
| EPS (Rs) | 0.00 | 0.01 | 0.01 | −0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.05 | 0.32 | −0.16 | 25.99 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3.98 | 2.99 | 2.99 | 1.99 | 0.99 | 0.99 | 0.99 | 1.99 | 3.99 | 3.99 | 310 | 114 |
| Expenses | 3.99 | 2.99 | 2.99 | 2.99 | 1.99 | 0.99 | 0.99 | 2.99 | 3.99 | 3.99 | 277 | 97.79 |
| Operating Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −1.01 | −0.99 | 0.00 | 0.00 | 0.00 | 32.99 | 15.99 |
| OPM % | 2.2% | −2.6% | −1.4% | −9.0% | −30.0% | −95.0% | −107.0% | −13.0% | −9.0% | −8.0% | 11.1% | 14.1% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 | 0.00 | 0.00 | 0.00 | 0.99 | 0.99 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.99 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.01 | 0.00 |
| Profit before tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 29.93 | 15.96 |
| Tax % | 0.0% | −200.1% | 0.0% | — | −25.1% | 0.0% | 0.0% | 0.0% | 0.0% | 24.9% | 25.9% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 21.94 | 13.96 |
| EPS (Rs) | −0.40 | 0.05 | 0.01 | 0.03 | −0.12 | −0.21 | −0.10 | 0.01 | 0.01 | 0.05 | 41.57 | 26.20 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.01 | 5.02 | 5.02 | 5.01 | 5.01 | 5.00 | 5.00 | 5.01 | 5.01 | 5.01 | 5.01 | 13.97 |
| Reserves | 1.01 | −1.00 | −1.00 | −1.00 | −1.00 | −1.00 | −1.00 | −1.00 | −1.00 | −1.00 | −1.00 | 28.06 |
| Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 106 |
| Other Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 29.86 |
| Total Liabilities | 7.02 | 6.02 | 6.02 | 5.01 | 5.01 | 5.00 | 5.00 | 5.01 | 5.01 | 5.01 | 5.01 | 177 |
| Fixed Assets | 2.01 | 1.01 | 1.01 | 1.01 | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 43.12 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 78.89 |
| Investments | 0.00 | 0.00 | 0.00 | 0.99 | 0.99 | 0.99 | 0.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 4.01 | 4.01 | 4.01 | 4.01 | 4.01 | 4.01 | 4.01 | 4.01 | 4.01 | 4.01 | 4.01 | 55.14 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9.81 |
| Trade receivables | 0.30 | 0.11 | 0.15 | 0.15 | 0.00 | 0.09 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 10.62 |
| Cash & equivalents | 0.04 | 0.04 | 0.04 | 0.03 | 0.01 | 0.10 | 0.02 | 0.01 | 0.01 | 0.00 | 0.02 | 1.58 |
| Total Assets | 7.02 | 6.02 | 6.02 | 5.01 | 5.01 | 5.00 | 5.00 | 5.01 | 5.01 | 5.01 | 5.01 | 177 |
| Mar 2017 | Mar 2018 | Mar 2020 | Mar 2026 | |
|---|---|---|---|---|
| Cash from operating activity | 0.99 | 0.00 | 0.00 | 20.99 |
| Cash from investing activity | −0.99 | −0.99 | 0.99 | −102 |
| Cash from financing activity | 0.00 | 0.00 | −0.99 | 80.70 |
| Net cash flow | 0.00 | 0.00 | 0.00 | 0.00 |
| Capex | 0.99 | 0.00 | 0.00 | 22.92 |
| Free cash flow | 0.00 | 0.00 | 1.01 | −81.21 |
| CFO / OP % | −688.9% | −899.9% | 16.1% | 86.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 23 | 12 | 17 | 20 | 2 | 25 | 0 | 0 | 12 |
| Inventory days | — | — | — | — | — | — | 0 | 0 | 14 |
| Days payable | — | — | — | — | — | — | — | — | 0 |
| Cash conversion cycle | 24 | 13 | 18 | 21 | 3 | 26 | 0 | 0 | 28 |
| Working capital days | −41 | −44 | −49 | −25 | −46 | −31 | 11 | 7 | −13 |
| ROCE % | 4.0% | −4.0% | 0.0% | 1.0% | 1.0% | −1.0% | 0.0% | 1.0% | 43.0% |
For the Mar 2026 quarter, Citizen Solar reported sales of ₹110 Cr and net profit of ₹13.96 Cr. The operating margin was 14.1%.
Citizen Solar's sales for the year to Mar 2026 were ₹310 Cr; over the last twelve months they were ₹114 Cr.
Net profit for the year to Mar 2026 was ₹21.94 Cr, and ₹13.96 Cr over the last twelve months. Earnings per share over the same trailing period were ₹26.20.
Citizen Solar reported borrowings of ₹106 Cr at Mar 2026, against cash and equivalents of ₹1.58 Cr.
Cash from operations was ₹20.99 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹81.21 Cr.