Emmvee Photovoltaic Power Share Price Target 2025, 2026, 2030, 2040, 2050
Emmvee Photovoltaic Power is an Indian company that makes solar panels and solar cells. It is known for good-quality products and strong manufacturing. It makes modern solar panels like bifacial and mono-facial TOPCon and Mono PERC, which help produce more electricity. It has advanced factories in Karnataka with a capacity of 7.80 GW for solar panels and 2.94 GW for solar cells as of May 2025. It is one of the largest solar makers in India and also sells its products in other countries through offices in India and Germany.
- 1 What is Emmvee Photovoltaic Power Ltd NSE: EMMVEE?
- 2 Emmvee Photovoltaic Power Share Price Target
- 3 Emmvee Photovoltaic Power Share Price Target 2025
- 4 Emmvee Photovoltaic Power Share Price Target 2026
- 5 Share Price Target 2027
- 6 Share Price Target 2028
- 7 Share Price Target 2029
- 8 Emmvee Photovoltaic Power share Price Target 2030
- 9 Share Price Target 2040
- 10 Share Price Target 2050
- 11 Should I buy Pine Labs stock?
- 12 Emmvee Photovoltaic Power earnings results
- 13 Is Emmvee Photovoltaic Power stock good to buy? (bull case & bear case)
- 14 Conclusion
- 15 FAQs
What is Emmvee Photovoltaic Power Ltd NSE: EMMVEE?
Emmvee Photovoltaic Power was established in 2007 in Bengaluru by D.V. Manjunatha. It is an Indian company that makes solar panels and solar cells. It creates modern and efficient solar products that help produce electricity from sunlight. The company also builds solar projects and sells its products to many businesses in India and other countries. It has grown quickly because the demand for clean and simple energy is increasing, and the company focuses on making easy-to-use, reliable, and high-quality solar products.
It is a part of the Emmvee Group, which started in 1992. The company focus on solar energy and environmentally friendly products. Over the years, it has earned a strong name for good quality and reliable solar solutions. It was created to grow the solar panel business and reach customers around the world. Today, the company plays an important role in India’s clean energy journey and continues to invest in modern technology to meet the increasing need for power. In 2025, its share price target would be ₹377, as per stock market analysts.
According to stock market analysts, its share price would be between ₹158 to ₹377 in 2025.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2025 | 158 | 377 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| November | 158 | 321 |
| December | 188 | 377 |
It makes its own solar cells, which are the main and most important part of a solar panel. Since the company produces both solar cells and solar panels in its own factories, it can maintain better control over quality and performance. This also helps reduce costs and makes the products more dependable. It uses advanced machines and strict testing to make sure every solar cell meets international standards, making the company one of India’s trusted solar manufacturers. In 2026, its share price target would be ₹770, as per stock market analysts.
According to stock market analysts, its share price would be between ₹311 to ₹770 in 2026.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 311 | 770 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 311 | 412 |
| February | 325 | 434 |
| March | 347 | 475 |
| April | 350 | 489 |
| May | 368 | 510 |
| June | 384 | 532 |
| July | 411 | 558 |
| August | 425 | 568 |
| September | 452 | 588 |
| October | 475 | 632 |
| November | 488 | 687 |
| December | 590 | 770 |
It offers different types of solar panels such as mono-facial, bifacial, TOPCon, and Mono PERC modules. These panels are designed to give high energy output even in rough or cloudy weather. The company also provides solar water heaters and other solar solutions for homes, shops, and industries. It keeps updating its products based on new technology and customer needs. This focus on constant improvement helps the company make strong, long-lasting, and efficient solar products. In 2027, its share price target would be ₹1325, as per stock market analysts.
According to stock market analysts, its share price would be between ₹711 to ₹1325 in 2027.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2027 | 711 | 1325 |
It also has good experience in building solar power plants. It works on both rooftop and ground-mounted solar projects in India and Europe. The company takes care of everything, including planning, design, installation, and maintenance. Its projects are known for good performance and long-term reliability. Over the years, it has completed many big solar projects for companies and industries, helping them save money and reduce their use of traditional electricity. In 2028, its share price target would be ₹1868, as per stock market analysts.
According to stock market analysts, its share price would be between ₹1289 to ₹1868 in 2028.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2028 | 1289 | 1868 |
The company follows strict rules to make sure every product meets global safety and performance standards. Its solar modules are certified under IEC 61215 and IEC 61730, which show that the products are safe, durable, and dependable. It also conducts many tests during the manufacturing process to check performance, strength, and safety. This gives customers confidence that the panels will work well for many years. In 2029, its share price target would be ₹2411, as per stock market analysts.
According to stock market analysts, its share price would be between ₹1790 to ₹2411 in 2029.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2029 | 1790 | 2411 |
It became the only Indian company to score highly in every category of the Kiwa PVEL PV Module Reliability Scorecard, one of the toughest tests in the solar industry. Only a few companies in the world achieve this level. This shows that its solar panels are highly reliable and long-lasting, placing the company among the top solar manufacturers globally. In 2030, its share price target would be ₹2988, as per stock market analysts.
According to stock market analysts, its share price would be between ₹2370 to ₹2988 in 2030.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2030 | 2370 | 2988 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 2370 | 2535 |
| February | 2441 | 2578 |
| March | 2474 | 2632 |
| April | 2490 | 2674 |
| May | 2532 | 2700 |
| June | 2558 | 2735 |
| July | 2584 | 2768 |
| August | 2630 | 2790 |
| September | 2657 | 2833 |
| October | 2678 | 2857 |
| November | 2700 | 2925 |
| December | 2784 | 2988 |
It has increased its production capacity in a big way. The company now has a total solar module capacity of 6.6 GW after opening a new factory in Sulibele near Bengaluru. This expansion has created many jobs and helped the company handle large orders from India and abroad. The company aims to meet the fast-growing global demand for high-efficiency solar panels. In 2040, its share price target would be ₹6745, as per stock market analysts.
According to stock market analysts, its share price would be between ₹6221 to ₹6745 in 2040.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2040 | 6221 | 6745 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 6221 | 6358 |
| February | 6257 | 6385 |
| March | 6280 | 6400 |
| April | 6300 | 6435 |
| May | 6332 | 6480 |
| June | 6358 | 6523 |
| July | 6370 | 6578 |
| August | 6414 | 6600 |
| September | 6457 | 6647 |
| October | 6480 | 6680 |
| November | 6558 | 6725 |
| December | 6590 | 6745 |
It has partnered with Fraunhofer ISE, a well-known research institute in Germany. This partnership helps the company to bring advanced solar cell technology into its factories, improving efficiency and product quality. Working with global experts helps it stay competitive in the worldwide market. This collaboration also supports Emmvee’s plans to expand its solar cell production. It is part of the company’s bigger goal to strengthen India’s role in global solar manufacturing and support the country’s clean energy goals. In 2050, its share price target would be ₹11574, as per stock market analysts.
According to stock market analysts, its share price would be between ₹10189 to ₹11574 in 2050.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2050 | 10189 | 11574 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 10189 | 10447 |
| February | 10384 | 10490 |
| March | 10400 | 10535 |
| April | 10422 | 10578 |
| May | 10447 | 10635 |
| June | 10482 | 10674 |
| July | 10500 | 10725 |
| August | 10547 | 10889 |
| September | 10674 | 11000 |
| October | 10841 | 11147 |
| November | 10992 | 11328 |
| December | 11258 | 11574 |
Should I buy Pine Labs stock?
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2025 | 158 | 377 |
| 2026 | 311 | 770 |
| 2027 | 711 | 1325 |
| 2028 | 1289 | 1868 |
| 2029 | 1790 | 2411 |
| 2030 | 2370 | 2988 |
| 2040 | 6221 | 6745 |
| 2050 | 10189 | 11574 |
It can be a good investment for the future, but it also has some risks. The company is growing fast, getting more customers, expanding to other countries, and slowly improving its profit. It earns money from payment services and subscriptions and has support from big investors. But the company still has some losses, a lot of debt, strong competition from other payment companies, and its cash flow is not very strong yet. So, it may be a good choice if you want to invest for many years and can handle some risk, but it is better to invest a small amount instead of putting all your money into it.
Emmvee Photovoltaic Power earnings results
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
| Sales + | 426 | 555 | 616 | 952 | 2,336 |
| Expenses + | 314 | 451 | 540 | 832 | 1,614 |
| Operating Profit | 113 | 104 | 76 | 120 | 722 |
| OPM % | 26% | 19% | 12% | 13% | 31% |
| Other Income + | 2 | 12 | 19 | 3 | 25 |
| Interest | 62 | 49 | 27 | 34 | 108 |
| Depreciation | 52 | 42 | 39 | 42 | 156 |
| Profit before tax | 1 | 25 | 28 | 48 | 483 |
| Tax % | -1,064% | 49% | 17% | 39% | 24% |
| Net Profit + | 9 | 13 | 23 | 29 | 369 |
| EPS in Rs | — | — | — | — | — |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Is Emmvee Photovoltaic Power stock good to buy? (bull case & bear case)
Bull Case:
- In FY25, its revenue grew a lot to around ₹ 2,360 crore, compared to about ₹ 954 crore in FY24, which shows the company is growing fast.
- The profit after tax (PAT) increased from ₹ 28.9 crore in FY24 to ₹ 369 crore in FY25, meaning the company is earning much more money now.
- The EBITDA margin went up from 9.1% in FY23 to about 30.9% in FY25, showing the company is controlling its costs very well.
- The Return on Equity (ROE) is very high at around 104.6% in FY25, which means the company is giving very good returns on the money invested by shareholders.
- It has a strong order book of 5.36 GW, worth about ₹ 7,812 crore, giving clear business for the coming years.
- The company has a large production capacity: 7.8 GW for modules and 2.94 GW for solar cells, helping it make many products.
- It plans to expand its capacity to 16.3 GW modules and 8.94 GW cells by FY28, which can help the company grow even more in the future.
Bear Case:
- It has high debt, with borrowings of around ₹ 2,032 crore, which increases financial pressure on the company.
- The company is not using its factories fully: module units run at only 53.9% and cell units at 42.8%, which reduces efficiency.
- Almost 94% of the company’s revenue comes from the top 10 customers, so losing even one big customer can cause problems.
- Around 94.7% of raw materials come from other countries, mainly China, which can create supply and price issues.
- The company had a negative operating cash flow of –₹ 247 crore in a recent quarter, which may affect day-to-day money needs.
Conclusion
It is very fast and makes high-quality solar panels and solar cells that are used in India and other countries. The company has modern factories, good technology, and more and more people want its products. Its sales and profits have increased a lot in recent years, and it is also increasing its production to meet future demand. It focuses on making solar products that are reliable, efficient, and last a long time, which helps the company grow steadily. However, the company also has some risks. It has high debt, some factories are not fully used, most of its revenue comes from a few big customers, and it imports most raw materials from other countries.
