AGNI
Agni Green Power financials
- Market cap
- ₹32 Cr
- Sector
- Construction
What Agni Green Power Limited does
Agni Green Power Limited is an EPC (engineering, procurement and construction) company engaged in the design, development, sale, installation and commissioning of solar photovoltaic power plants ranging from a few kW to a few MW, largely for government and semi-government tenders as well as private-sector clients. It also makes allied solar products such as solar street lights, solar power conditioning units, charge controllers, solar pump controllers, solar adaptors, solar generators and junction boxes, developed through an in-house R&D facility co-located with its factory. The company has built proprietary components such as the Zero Export Circuit (ZEC) and customised off-grid inverters, which it now also sells to external customers in addition to using them on its own projects.
Segments
- Solar EPC (power plants)
- Solar street lighting & off-grid products
- In-house R&D / proprietary product development
- Product lines
- 9 solar product lines — PV power plants, street lights, power conditioning units, charge controllers, pump controllers, adaptors, generators, junction boxes, Zero Export Circuits (ZEC)
- Plant scale range serviced
- Few kW to few MW-scale solar power plants across India
- Largest disclosed installation
- 1 MW solar power plant (for MES)
- Notable project capacity
- 302 kW solar project (Selco Foundation)
- Custom off-grid inverters developed
- 1kW, 2kW & 6kW variants (built for SELCO project)
- In-house R&D facility
- 1, co-located with AGPL manufacturing factory
Quarterly results
Q4 FY26: revenue up 2.8%, net profit up 125.9% against the same quarter last year.
| Line item | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5 | 17 | 14 | 21 | 16 +247% | 25 +44% | 17 +19% | 22 +3% |
| EBITDA | -3 | 3 | 1 | 1 | 1 +134% | 2 −37% | 1 +21% | 3 +140% |
| Net profit | -4 | 3 | 0 | 0 | 0 +104% | 0 −81% | 0 +92% | 1 +126% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −44.0% 1Y
1Y: ₹29.4 on 10 Sept 2025 → ₹16.45. High ₹30.85 (11 Sept 2025), low ₹13.6 (23 Mar 2026).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹7 Cr | ₹14 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr |
| Reserves | ₹19 Cr | ₹12 Cr | ₹11 Cr | ₹11 Cr | ₹12 Cr | ₹13 Cr |
| Borrowings | ₹11 Cr | ₹12 Cr | ₹10 Cr | ₹9 Cr | ₹11 Cr | ₹16 Cr |
| Other liabilities | ₹9 Cr | ₹4 Cr | ₹5 Cr | ₹8 Cr | ₹7 Cr | ₹5 Cr |
| Total liabilities | ₹46 Cr | ₹43 Cr | ₹45 Cr | ₹48 Cr | ₹49 Cr | ₹54 Cr |
| Fixed assets | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹3 Cr | ₹3 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹4 Cr |
| Other assets | ₹42 Cr | ₹39 Cr | ₹41 Cr | ₹44 Cr | ₹46 Cr | ₹47 Cr |
| Total assets | ₹46 Cr | ₹43 Cr | ₹45 Cr | ₹48 Cr | ₹49 Cr | ₹54 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 6% to 992.
- Promoters
- 70.6%
- Public
- 29.4%
Since Jun 2025
- Promoters 0.00 pp
- DIIs 0.00 pp
- Public 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 70.6%, Public 29.4%.Dec '23: Promoters 70.6%, Public 29.4%.Mar '24: Promoters 70.6%, DIIs 0.1%, Public 29.4%.Jun '24: Promoters 70.6%, Public 29.4%.Sep '24: Promoters 70.6%, Public 29.4%.Dec '24: Promoters 70.6%, Public 29.4%.Mar '25: Promoters 70.6%, DIIs 0.0%, Public 29.4%.Jun '25: Promoters 70.6%, Public 29.4%.Sep '25: Promoters 70.6%, Public 29.4%.Dec '25: Promoters 70.6%, Public 29.4%.Mar '26: Promoters 70.6%, Public 29.4%.Jun '26: Promoters 70.6%, Public 29.4%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Agni Green Power Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Kanak Mukhopadhyay | 28.56% | unchanged |
| Aban Saha | 14.62% | unchanged |
| Arup Kumar Mahanta | 13.40% | unchanged |
| Chandana Saha | 7.46% | unchanged |
| Hiranmay Saha | 6.35% | unchanged |
| Madhurima Mukhopadhyay | 0.12% | unchanged |
| Barnali Mahanta | 0.06% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Agni Green Power Limited
Guides on how to read this kind of business and the numbers that matter.