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Himalayan Solar Limited

NSE:HIMALAYANElectronic Technology

₹81.90−2.09%At closeAt close · Mon 19 Oct · ≈ AED 3.16 · Market cap $19.43M

Ratio	FY2022	FY2023	FY2024	FY2025	YoY
Gross margin	7.4%	7.2%	19.7%	19.9%	+0.2 pts
Operating margin	5.0%	5.7%	16.3%	17.5%	+1.2 pts
Net margin	1.2%	3.6%	10.6%	12.4%	+1.8 pts
EBITDA margin	5.7%	5.9%	16.7%	17.9%	+1.2 pts
Return on equity	10.8%	47.8%	58.8%	45.2%	−13.6 pts
Return on assets	1.8%	5.9%	16.2%	13.4%	−2.9 pts
Return on capital employed	40.5%	74.7%	82.4%	53.3%	−29.0 pts
Debt / equity	3.5×	2.3×	1.1×	0.8×	−27.1%
Debt / assets	58.4%	28.0%	29.3%	22.9%	−6.4 pts
Interest coverage	1.5×	5.8×	10.7×	10.6×	−0.7%
Current ratio	1.2×	1.1×	1.3×	1.5×	+11.3%
Quick ratio	0.9×	0.7×	1.2×	1.4×	+11.5%
Cash ratio	0.3×	0.0×	0.1×	0.1×	−17.1%
Asset turnover	1.5×	1.6×	1.5×	1.1×	−29.4%
Inventory turnover	6.5×	5.0×	17.4×	12.1×	−30.5%
Receivables turnover	4.0×	3.4×	2.0×	1.3×	−34.4%
Dividend payout	0.0%	0.0%	0.0%	0.0%	—