Jefferies Maintains Buy Rating on Emmvee with Target Price of ₹360 4 hrs ago Today
Jefferies has maintained a Buy rating on Emmvee with a target price of ₹360, supported by strong power-demand growth linked to heatwaves, weak monsoon, and El Niño risks. The brokerage expects renewable-energy tendering to accelerate in 2HFY27, providing a near-term catalyst for the company. Domestic PV cell and ingot-wafer mandates are seen as structural advantages that favor strong domestic players with solid balance sheets, of which Emmvee is considered a key beneficiary.
EMMVEE Photovoltaic Announces Major Capacity Expansion and Strategic Roadmap for FY27 Apr 30, 2026
More news about Emmvee Photovoltaic Power
29Apr 26
Emmvee Photovoltaic Projects EBITDA Growth to ₹3,000 Crore by FY28
Emmvee Photovoltaic Power has announced strong financial projections, expecting EBITDA between ₹2,200-₹2,400 crore in FY27, rising to ₹3,000 crore in FY28. These targets reflect the company's confidence in its growth strategy and market positioning in the photovoltaic sector, indicating substantial year-on-year expansion plans.
29Apr 26
Jefferies Issues Buy Rating for Emmvee Photovoltaic Power with ₹350 Target Price on Strong Q4 Performance
Jefferies has initiated a Buy rating on Emmvee Photovoltaic Power with a ₹350 target price, citing strong Q4 results with EBITDA up 13% and PAT up 17%. The recommendation is supported by robust order book visibility through FY27-1HFY28, a net-debt-free balance sheet despite ongoing capex, projected 26% EBITDA CAGR, and an attractive 35% valuation discount to peers amid expected power demand recovery.