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UNLISTED COMPANY PROFILE

SOLAR 91 CLEANTECH LIMITED

ENERGY LINE
INDICATIVE PRICE / SHARE
₹468
▼ 1.5% · 30-DAY
OTC REFERENCE PRICE · NOT AN OFFER TO DEAL
PRICE AS OF 02 SEPT 2026
VIEW DATA METHOD →
REQUEST CURRENT DETAILS →
INDICATIVE PRICE HISTORY · DATED OBSERVATIONS SINCE 2025

PRICE HISTORY.

Use the left and right arrow keys to inspect dated observations. Home selects the first observation and End selects the latest.

₹566
₹468
13 Aug 2505 Aug 2602 Sept 26

ALL-TIME LOW
₹468
ALL-TIME HIGH
₹566
WINDOW
ALL
NOT A STOCK-EXCHANGE QUOTE · NOT AN OFFER TO DEAL
THE TIMETABLE · KEY NUMBERS

Key numbers

Published fundamentals and the date each figure was recorded.

CALCULATION METHOD →
Market cap
₹755 Cr
Indicative price × reported outstanding shares
Min. investment
₹11,700
Indicative price × lot size
Lot size
25
P/E ratio
132.58
P/B ratio
25.94
EPS
3.53
ROE
19.64%
Book value
₹18.04
Face value
₹10
Debt / equity
2.69
ISIN
INE0U5I01016
Company security identifier
THE BUSINESS · HOW IT EARNS

Solar91 Cleantech Limited provides EPC solar-energy solutions to commercial and industrial customers. It builds, operates and maintains grid-connected and off-grid solar projects that enable customers to meet electricity demand with renewable power. Under its stated turnkey EPC model, the end consumer generally makes the plant investment. The company is also building an independent power producer model. It creates special-purpose vehicles as wholly owned subsidiaries to build, own, operate and maintain solar projects. Those subsidiaries sell electricity generated by their projects to distribution companies under power-purchase agreements. Solar91 lists industrial, commercial and residential rooftop solar, open-access and group-captive solutions, agro PV and distributed solar investments among its markets. By the DRHP date it had commissioned 180 EPC plants across 13 Indian states and one in Kenya, and two IPP projects started in 2023. Its IPP development included agricultural-feeder solarisation projects.

About this company

Solar 91 Cleantech Limited is a Jaipur-based renewable energy company incorporated in 2015. It started as a solar engineering, procurement and construction (EPC) provider and has since extended into operations and maintenance (O&M) services and an Independent Power Producer (IPP) model, building and running distributed solar assets through special purpose vehicle structures. The company serves commercial, industrial and agricultural customers and takes part in government-supported renewable programmes such as PM-KUSUM, alongside work on battery energy storage integration. It is commonly tracked as an unlisted name because it filed for a BSE SME platform IPO in 2024, which was later postponed and remains pending regulatory clearance, keeping its shares in the unlisted market. As with all unlisted and pre-IPO securities, these shares do not trade on a public exchange and therefore carry higher risk and materially lower liquidity than listed stocks, with valuations that can be difficult to verify independently.

COMPANY AT A GLANCE
Sector lineEnergy
SettlementNSDL / CDSL
Incorporated2015
Listing statusUnlisted / Pre-IPO
*INDICATIVE · TIMELINE MAY CHANGE · NOTHING FINAL UNTIL THE RHP

COMPANY REGISTRY · ON FILE

PUBLIC OR ADMIN-SUPPLIED DATA · VERIFY INDEPENDENTLY
CIN
U40108RJ2015PTC048401
PAN
AAWCS2508Q
Incorporated
2015
Outstanding shares
1,61,42,670
Registered office
Plot No. D-802, Sector 5, Malviya Nagar, Jaipur, Rajasthan 302017, India
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THE LOGBOOK · FINANCIALS BY YEAR

WHAT THE ENGINE HAS DONE.

AMOUNT UNIT NOT VERIFIEDFY20FY21FY22FY23FY24
REVENUE2,0391,7414,1573,7584,277
PAT12133220261
PAT MARGIN1%1%1%1%6%
CAUTION · AMOUNT UNIT AND FIELD-LEVEL SOURCES HAVE NOT BEEN VERIFIED · DO NOT RELY ON THESE FIGURES WITHOUT CHECKING THE COMPANY FILING

THE CREW · BOARD & MANAGEMENT

Saurabh Vyas
Chairperson & Whole-Time Director
Prateek Agrawal
Managing Director
Sandeep Gurnani
Chief Executive Officer
Dhawal Vasavada
Promoter / Director
COMPANY TIMELINE · EVENTS
Bonus issue of 1,50,56,300 equity shares of face value Rs. 10 each. (31 May 2024)
READ THE NOTICE →
Registrar of Companies issued a new certificate of incorporation following conversion from Solar91 Cleantech Private Limited to Solar91 Cleantech Limited. (22 Jul 2024)
READ THE NOTICE →
THE GLOVEBOX · ANNUAL REPORTS
ENQUIRE NOW →
NON-BINDING · NO PAYMENT · NOT AN OFFER TO DEAL
RESEARCH DESK · QUESTIONS

COMMON QUESTIONS.

Is Solar 91 Cleantech Limited listed on the stock exchange?+

No. As of 2 September 2026, Solar 91 Cleantech Limited is an unlisted company whose shares trade over-the-counter; it would list only if and when it completes an IPO.

What is the Solar 91 Cleantech Limited unlisted share price?+

As of 2 September 2026, the indicative unlisted share price of Solar 91 Cleantech Limited is ₹468 per share. This is an over-the-counter reference price, not a stock-exchange quote.

What indicative minimum amount is displayed for Solar 91 Cleantech Limited unlisted shares?+

The displayed unit count is 25 share(s); at the indicative price of about ₹468, the displayed amount is approximately ₹11,700. This is a display convention, not evidence of inventory, an order minimum or a quote.

What is the ISIN of Solar 91 Cleantech Limited?+

The recorded ISIN of Solar 91 Cleantech Limited is INE0U5I01016. An ISIN is a 12-character security identifier. Verify it against the issuer and the relevant depository record before using it for any transfer or documentation.

Is trading in Solar 91 Cleantech Limited unlisted shares legal in India?+

Unlisted shares can be transferred off-market in India, but the legal, tax and compliance position depends on the security, parties, documents and current rules. Verify the intermediary, issuer restrictions and applicable requirements before proceeding.

Is there a lock-in period for unlisted shares?+

A post-listing lock-in may apply under the rules in force at the time. The period and any exemptions can depend on the holder and acquisition, so check the current regulation and the issuer's offer documents rather than relying on a generic period.

Do you guarantee returns?+

No. Unlisted shares carry higher risk and lower liquidity than listed shares. Returns depend on company performance, market conditions and future listing outcomes. This is information only, not investment advice.

SIMILAR COMPANY PROFILES
ENERGY LINE.
Prices shown are indicative over-the-counter reference prices, not an offer to deal. This page is information only and not investment advice. Unlisted shares carry higher risk and lower liquidity than listed shares. Settlement to your own demat account via NSDL / CDSL through registered intermediaries.
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