Company Overview

Agni Green Power Ltd is incorporated in 1995 and is in the business of execution of turn-key Solar PV Power Plant projects. The company was first incorporated on 25 August 1995 as Agni Power and Electronics Private Limited. Later, on 1 April 2022, it was converted into a public limited company under the name Agni Green Power Limited. The company has its headquarters in Kolkata and operates as a comprehensive solar energy solutions provider in the renewable energy sector.

The company is a registered channel partner of the Ministry of New & Renewable Energy, Government of India, for off-grid solar PV applications. It is an ISO 9001:2015, ISO 14001:2015, and OH&S 45001:2018 certified company which specializes in providing complete turn-key solar PV power plant solutions from design and engineering to installation, commissioning, and maintenance, for both standalone and grid-connected systems, ranging from just a few watts to several megawatts of capacity.

Business Operations and Production

Agni Green Power Limited is engaged in the business of manufacturing and assembly of Solar Photovoltaic (PV) Power Plant Projects, providing services such as design, engineering, supply, Installation & Commissioning (I&C), and maintenance of PV systems. The company provides Operation and Management (O&M) and Engineering, Procurement, and Construction (EPC) services to its clients.

Agni Green Power manufactures high quality, high performance, and robust Power Conditioning Units and BOS Systems in their modernized factory in Howrah, West Bengal. The company operates across most of the states in India, having its Head Office at Kolkata and Regional Offices in Chhattisgarh, Tripura, Assam, Mizoram, and Jharkhand. With over 28 years of experience in the solar energy industry, the company has established itself as a trusted and reliable name in this field.

Stock Exchange Listing and Market Performance

The company is registered on the National Stock Exchange (NSE) under the code AGNI and the Bombay Stock Exchange (BSE) under the code 535456. As per Value Research classification, it is a Small Cap company.

As of Jun 06, 2025, 03:31 PM, the market cap of Agni Green Power Ltd. stood at ₹46.10 Cr. The 52-week high of Agni Green Power Ltd. share price is ₹63.35 while the 52-week low is ₹17.90. AGNI reached its all-time high on Feb 8, 2024, with the price of 84.70 INR, and its all-time low was 17.00 INR, reached on Aug 23, 2022.

Financial Performance

Key Financial Metrics

- FY 2025 (Year Ended March 31, 2025):

- Revenue: ₹41.1 Cr

- Profit: ₹0.63 Cr

- Total Asset Value: ₹48 Cr

- Trailing Twelve Months (TTM) Revenue/Sales: ₹35.27 Cr

Key Ratios (as of Jun 06, 2025)

- PE Ratio: 73.75

- PB Ratio: 0.68

- Return on Equity (ROE): -0.50% (over last 3 years)

- Interest Coverage Ratio: Low

Promoter Holding and Corporate Governance

Promoter holding in Agni Green Power Ltd. has remained stable at 70.57% as of Mar 2025 (compared to 70.57% as of Jun 2024). There is no promoter pledging in Agni Green Power Ltd. The managing director is Kanak Mukhopadhyay.

Recent Developments

- May 29, 2025: Agni Green Power received a ₹2.25 crore order for solar systems to be installed at 87 Mizoram health centres.

- May 28, 2025: Agni Green Power approved audited standalone financial results for the year ended March 31, 2025.

- 2025: Agni Green Power Limited was awarded the Annual Excellence Award from ASSOCHAM under the nominated category of "Sustainable Solar Project in Rural Development."

Investment Outlook

A 10-year financial track record analysis by Moneyworks4me indicates that Agni Green Power Ltd is a below-average quality company. Key valuation ratios, when compared to its past performance, suggest it is currently in the Somewhat Undervalued zone. Agni Green Power Ltd has given a return of -64.09% in the last 1 year.

AGNI does not pay any dividends to its shareholders. Despite reporting repeated profits, the company has not been paying out dividends. The company operates in India's growing renewable energy sector, positioning itself to benefit from the country's commitment to clean energy transition and government support for solar power projects.