Fujiyama Power Systems
November 13, 2025 – November 17, 2025
| Price | ₹0 - ₹0 |
| GMP Rumors * | ₹0 |
|---|---|
| Lot size | 0 |
| Issue size | - |
| Allotment | Nov 18, 2025 |
| Listing | Nov 20, 2025 |
Fujiyama Power Systems About
IPO Details
| Total Issue Size | * shares (aggregating up to ₹* Cr) |
| Fresh Issue | * shares (aggregating up to ₹600.00 Cr) |
| Offer For Sale | 10,000,000 shares (aggregating up to ₹* Cr) |
| Face Value | ₹1/- Per Share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 280,095,145 shares |
Key Performance Indicators (KPI)
| KPI | Jun-25 | FISCAL-25 | FISCAL-24 | FISCAL-23 |
|---|---|---|---|---|
| ROE | 14.56% | 39.40% | 18.91% | 12.62% |
| ROCE | 14.85% | 41.01% | 26.60% | 16.81% |
| DEBT/ EQUITY | 0.93 | 0.87 | 0.84 | 1.09 |
Company Financial (In ₹Crore)
| Period Ended | Jun-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 1,243.88 | 1,013.96 | 609.64 | 514.56 |
| Total Income | 597.79 | 1,550.09 | 927.2 | 665.33 |
| Profit After Tax | 67.59 | 156.34 | 45.3 | 24.37 |
| EBITDA | 105.89 | 248.52 | 98.64 | 51.6 |
| NET Worth | 464.34 | 396.82 | 239.54 | 193.08 |
| Reserves and Surplus | 436.33 | 368.81 | 215 | 70.55 |
| Total Borrowing | 432.83 | 346.22 | 200.19 | 211.14 |
Peer Comparison (Valuation)
| Company | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| Fujiyama Power Systems Ltd | 1.00 | ||
| Waaree Energies | 49.04 | 3332.65 | 10.00 |
| Premier Energies | 47.91 | 1022.80 | 1.00 |
| Exicom Tele Systems | NM | 144.50 | 10.00 |
| Insolation Energy | 31.68 | 188.50 | 1.00 |
Peer Comparison (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Fujiyama Power Systems Ltd | 14.17 | 39.40 | 5.59 |
| Waaree Energies | 334.00 | 20.09 | 68.24 |
| Premier Energies | 62.61 | 33.21 | 21.35 |
| Exicom Tele Systems | 50.80 | -17.93 | -9.11 |
| Insolation Energy | 28.00 | 20.46 | 5.95 |
About Company
Incorporation: 2017
Industry: Rooftop Solar Energy Solutions
Overview:
Fujiyama Power Systems Limited is engaged in the manufacturing and supply of products and solutions in the rooftop solar segment. The company offers on-grid, off-grid, and hybrid solar systems, catering to residential, commercial, and industrial energy needs.
Product Portfolio:
With an extensive range of over 500 SKUs, Fujiyama designs and manufactures key solar products, including:
- Solar inverters (on-grid, off-grid, and hybrid)
- Solar panels
- PWM and other battery chargers
- Lithium-ion and tubular batteries
- Solar management units and charge controllers
- Online and offline UPS systems
This diverse portfolio helps minimize dependence on third-party OEMs.
Distribution & Service Network:
The company operates through a robust distribution ecosystem comprising:
- 480+ distributors
- 3,600+ dealers
- 1,000+ exclusive ‘Shoppe’ franchisees, trained to offer tailored solar solutions
Customer support and after-sales service are strengthened by 500+ qualified service engineers across the country.
Manufacturing Facilities:
Fujiyama has three production units located at:
- Greater Noida, Uttar Pradesh
- Parwanoo, Himachal Pradesh
- Bawal, Haryana
Strength
Diversified Product Range: Comprehensive portfolio of rooftop solar products and EV solutions, making the company a well-rounded leader in the solar industry.
Strong R&D & Innovation: Over 29 years of experience with 65+ R&D experts and 500+ engineers driving continuous technological advancement and product innovation.
Experienced Leadership: Led by promoters with 50+ years of combined experience, supported by a skilled and committed workforce ensuring steady growth.
Weakness
Operational Risks: Any disruption or shutdown at existing or future manufacturing facilities due to unforeseen events may impact production, sales, and overall financial performance.
Geographical Concentration: All manufacturing units are located in northern India, exposing the company to region-specific risks that could affect business continuity and cash flows.
Distribution Network Dependency: The company’s growth depends on its distributors, dealers, and franchisees; failure to maintain or expand this network may adversely affect sales and profitability.
Fujiyama Power Systems Lead Manager(s)
Fujiyama Power Systems Address
53A/6, Near NDPL Grid Office,
Near Metro Station
Sat Guru Ram Singh Marg
Delhi, New Delhi, 110015
Phone: +91 1141055305
Email: investor@utlsolarfujiyama.com
Website: https://www.utlsolarfujiyama.com/
Fujiyama Power Systems Registrar
MUFG Intime India Private Limited (Link Intime)
Link Intime India Private Ltd
C 101, 247 Park,
L.B.S.Marg Vikhroli (West),
Mumbai - 400083
Fujiyama Power Systems Reviewers
| Reviewer | Recommendation | File |
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