Citizen Solar Ltd
Citizen Solar Ltd (CITIZEN) last reported results for the quarter ended Jun 2026, with sales of ₹76.77 crore and net profit of ₹5.77 crore. The stock last traded at ₹155, a market capitalisation of ₹218 crore, on a P/E of 11.0. Over the past 52 weeks the stock has ranged between ₹155 and ₹318. Figures are as of 6 Oct 2026 and are not real time.
Citizen Solar Ltd share price and key metrics
- Current price
- ₹155
- Market cap
- ₹218 cr
- Stock P/E
- 11.0
- Book value
- ₹77.6
- ROE
- 69.3%
- ROCE
- 34.8%
- Dividend yield
- 0.00%
- 52w high / low
- 318/155
Metrics as of 6 Oct 2026. Not real time.
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Citizen Solar Ltd growth and returns
- 10 Years
- 56%
- 5 Years
- 255%
- 3 Years
- 407%
- TTM
- 69%
- 10 Years
- 56%
- 5 Years
- 186%
- 3 Years
- 1215%
- TTM
- 31%
- 10 Years
- 35%
- 5 Years
- 87%
- 3 Years
- 75%
- 1 Year
- -18%
- 10 Years
- 40%
- 5 Years
- 56%
- 3 Years
- 67%
- Last Year
- 69%
Citizen Solar Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹76.77 cr, down 29.4% from ₹109 cr a year earlier. Net profit was ₹5.77 cr, down 62.0% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1.82 | 0.94 | 0.5 | 109 | 3.1 | 0.09 | 110 | 76.77 |
| Expenses | 1.87 | 1.03 | 0.6 | 89.7 | 2.93 | 0.18 | 94.14 | 68.3 |
| Operating profit | -0.05 | -0.09 | -0.1 | 19.02 | 0.17 | -0.09 | 15.63 | 8.47 |
| OPM % | -2.75% | -9.57% | -20.00% | 17.49% | 5.48% | -100.00% | 14.24% | 11.03% |
| Other income | 0.06 | 0.1 | 0.11 | 0.1 | 0 | 0 | 0.92 | 0.14 |
| Interest | 0 | 0 | 0 | 0.38 | 0 | 0 | 0.11 | 0.94 |
| Depreciation | 0 | 0 | 0 | 0.5 | 0 | 0 | 0.5 | 0.6 |
| Profit before tax | 0.01 | 0.01 | 0.01 | 18.24 | 0.17 | -0.09 | 15.94 | 7.07 |
| Tax % | 0.00% | 0.00% | 100.00% | 16.72% | 0.00% | 0.00% | 12.11% | 18.39% |
| Net profit | 0.01 | 0.01 | 0 | 15.2 | 0.17 | -0.09 | 14.02 | 5.77 |
| EPS (₹) | 0.02 | 0.02 | 0.00 | 28.16 | 0.31 | -0.17 | 25.98 | 4.11 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Citizen Solar Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3 | 3 | 2 | 1 | 1 | 1 | 2 | 4 | 186 | 311 | 190 |
| Operating profit | -0 | -0 | -0 | -0 | -1 | -1 | -0 | -0 | 20 | 34 | 24 |
| OPM % | -2.6% | -1.4% | -9% | -30% | -95% | -107% | -13% | -9% | 11% | 11% | 13% |
| Net profit | 0 | 0 | 0 | -0 | -0 | -0 | 0 | 0 | 12 | 22 | 20 |
| EPS (₹) | 0.06 | 0.02 | 0.04 | -0.13 | -0.20 | -0.11 | 0.02 | 0.02 | 21.55 | 41.56 | 30.23 |
TTM is the trailing twelve months to the most recent quarter.
Citizen Solar Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 14 | 14 |
| Reserves | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | 10 | 28 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18 | 106 |
| Other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14 | 30 |
| Total liabilities | 6 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 56 | 177 |
| Fixed assets | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 22 | 43 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 79 |
| Investments | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 33 | 55 |
| Total assets | 6 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 56 | 177 |
As reported by the company. Total assets equal total liabilities by construction.
Citizen Solar Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1 | 0 | 0 | 0 | -0 | -0 | 0 | -0 | 23 | 21 |
| Cash from investing | -1 | -1 | -0 | 1 | 0 | 0 | 0 | 0 | -18 | -102 |
| Cash from financing | -0 | 0 | -0 | -1 | 0 | -0 | -0 | 0 | -6 | 81 |
| Net cash flow | 0 | -0 | -0 | 0 | -0 | -0 | 0 | -0 | -1 | 0 |
| Free cash flow | -0 | 0 | 0 | 1 | -0 | -0 | 0 | -0 | 5 | -81 |
| CFO / operating profit | -689% | -900% | -124% | 16% | 35% | 6% | -12% | 24% | 136% | 84% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Citizen Solar Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 0% | 1% | 1% | -1% | -3% | -9% | 0% | 0% | 79% | 35% |
| Debtor days | 17 | 20 | 2 | 25 | 0 | 0 | 0 | 0 | 13 | 12 |
| Inventory days | — | — | — | — | — | 0 | 0 | 0 | 25 | 15 |
| Days payable | — | — | — | — | — | — | — | — | 2 | 0 |
| Cash conversion cycle | 17 | 20 | 2 | 25 | 0 | 0 | 0 | 0 | 36 | 27 |
| Working capital days | -48 | -24 | -45 | -30 | 0 | 0 | 0 | 12 | 18 | -12 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Citizen Solar Ltd shareholding pattern
Promoters held 53.49% at Aug 2026, up from 34.77% at Sep 2025. DIIs 0.15%.
| % held | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 34.77% | 34.77% | 34.77% | 34.77% | 34.77% | 34.77% | 13.36% | 53.49% |
| DIIs | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.15% | 0.15% |
| Public | 64.83% | 64.84% | 64.83% | 64.83% | 64.83% | 64.83% | 86.48% | 46.35% |
| No. of shareholders | 6,524 | 6,493 | 6,457 | 6,471 | 6,450 | 6,451 | 6,365 | 6,421 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Citizen Solar Ltd corporate filings
- Pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 attached herewith the confirmation certificate from our RTA for the quarter ended 30th September, 2026Company Updatelow impact
- Pursuant to the SEBI (PIT) Regulations, 2015 and in terms of Company''s code of conduct to regulate, monitor and report trading by insiders, the trading window for dealing in shares of ....Insider Trading / SASTlow impact
- Citizen Solar Limited Announces Voting Results of 32nd Annual General MeetingAGM/EGMlow impact
Cruxal's analysis: Citizen Solar Limited has successfully concluded its 32nd Annual General Meeting held on…
Read the full analysis - Citizen Solar Limited Concludes 32nd Annual General Meeting; Board Appointments and Re-appointments ApprovedAGM/EGMlow impact
Cruxal's analysis: Citizen Solar Limited has successfully concluded its 32nd Annual General Meeting held on…
Read the full analysis - Citizen Solar Limited Reports Strong FY 2025-26 Financials and Announces 32nd AGMOthershigh impact
Cruxal's analysis: Citizen Solar Limited (formerly Citizen Infoline Limited) reported a significant…
Read the full analysis - Citizen Solar Ltd announces newspaper publication for 32nd Annual General MeetingCompany Updatelow impact
Cruxal's analysis: Citizen Solar Ltd has published newspaper advertisements in compliance with SEBI (LODR)…
Read the full analysis - Citizen Solar Limited Announces 32nd Annual General Meeting and Book Closure DatesAGM/EGMlow impact
Cruxal's analysis: Citizen Solar Limited has issued a revised intimation regarding its 32nd Annual General…
Read the full analysis - Citizen Solar Ltd sets September 14, 2026, as record date for e-votingCorp. Actionlow impact
Cruxal's analysis: Citizen Solar Ltd has announced September 14, 2026, as the record date/cut-off date for…
Read the full analysis - Citizen Solar Ltd announces book closure dates for upcoming AGMCorp. Actionlow impact
Cruxal's analysis: Citizen Solar Ltd has notified the exchange that its Register of Members and Share…
Read the full analysis - Citizen Solar Limited Announces 32nd Annual General Meeting and Book Closure Dates for FY 2025-26AGM/EGMlow impact
Cruxal's analysis: Citizen Solar Limited has formally scheduled its 32nd Annual General Meeting for…
Read the full analysis - Citizen Solar Limited Reports Significant Decline in Q1 FY2027 Financial PerformanceCompany Updatehigh impact
Cruxal's analysis: Citizen Solar Limited reported a sharp decline in its financial performance for the…
Read the full analysis - Citizen Solar Limited announces change in Key Managerial Personnel: Company Secretary and Compliance OfficerCompany Updatelow impact
Cruxal's analysis: Citizen Solar Limited has formally notified the exchange of the resignation of Ms. Reena…
Read the full analysis - Citizen Solar Limited announces change in Company Secretary and Compliance OfficerCompany Updatelow impact
Cruxal's analysis: Citizen Solar Limited has formally announced the resignation of Ms. Reena Shah from the…
Read the full analysis - Citizen Solar Limited Reports Significant Decline in Q1 FY27 Financial PerformanceResulthigh impact
Cruxal's analysis: Citizen Solar Limited reported a sharp decline in its financial performance for the…
Read the full analysis - Citizen Solar Limited reports significant decline in Q1 FY2027 earnings; announces management transitionBoard Meetinghigh impact
Cruxal's analysis: Citizen Solar Limited reported a sharp decline in financial performance for the quarter…
Read the full analysis - Citizen Solar Limited receives BSE listing and trading approval for 86.46 lakh equity shares issued via amalgamationCompany Updatemedium impact
Cruxal's analysis: Citizen Solar Limited has received formal approval from the BSE to list and trade 86.46…
Read the full analysis - Citizen Solar Limited schedules Board Meeting for August 13, 2026, to approve Q1 FY27 financial results and Annual General Meeting logisticsBoard Meetinglow impact
Cruxal's analysis: Citizen Solar Limited has issued a formal notice for a Board of Directors meeting to be…
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