Emmvee Photovoltaic Power Limited, established in 2007 and headquartered in Bengaluru, manufactures and sells solar cells, photovoltaic (PV) modules, and turnkey solar systems. It operates in solar manufacturing and EPC projects, generating revenue through the sale of PV modules and execution of grid/off-grid power projects. Its services span industrial, commercial, and residential renewable power solutions.

The Company is led by Promoter, i.e., MANJUNATHA DONTHI VENKATARATHNAIAH, SHUBHA MANJUNATHA DONTHI, SUHAS DONTHI MANJUNATHA AND SUMANTH MANJUNATHA DONTHI

The Revenues from operations for the Period ended on June 30 2025 and Fiscals ended on Mar 31, 2025, 2024 and 2023 were â‚¹ 10,422.24 Million, ₹  23,603.25 Million, â‚¹  9,544.44 Million, and ₹  6,443.70 Million, The EBITDA for the Period ended on June 30, 2025 and Fiscals ended on Mar 31, 2025, 2024 and 2023 were â‚¹ 3,473.82 Million, ₹  7,219.38 Million, â‚¹  1,204.39 Million, and ₹ 562.72 Million, The Profit after Tax for the Period ended on June 30, 2025 and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were â‚¹ 1,836.68 Million, ₹  3,680.36 Million, â‚¹  282.66 Million, and ₹  69.21 Million, respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of â‚¹  6.22 and post-issue EPS of ₹ 5.32 for FY25. The pre-issue P/E ratio is  34.89x, while the post-issue P/E ratio is 40.82x against the Industry P/E ratio is 46.81 The company's ROE for FY25 is 104.60% and RoNW is 69.44%. The Annualised EPS is ₹10.61x and P/E is 20.45x. These metrics suggest that the IPO is Fully priced.

The Grey Market Premium (GMP) of Emmvee Photovoltaic Power showing listing gains of 0 %.Given the company's financial performance and the valuation of the IPO, we recommend  Investors to Avoid to the Emmvee Photovoltaic Power Limited IPO for Listing gain or Long Term Purposes.