Motilal Oswal has issued a buy rating on Saatvik Green Energy Limited with a target price of ₹508, according to the research report dated August 15, 2026. The brokerage values the company at 8x FY28E EBITDA and adjusting for net debt, derives the target price that implies an upside of 19% from current levels.
The company's Q1FY27 revenue stood at ₹5,110 million, declining 44% year-on-year and 68% quarter-on-quarter, as reported by Motilal Oswal. EBITDA came in at ₹338 million, down 81% YoY and 69% QoQ, with an EBITDA margin of 6.6% compared to 6.7% in Q4FY26 and 19.3% in Q1FY26. The weak performance was attributed to lower sales volumes as customers adopted a 'wait-and-watch' approach pending clarity on ALMM-II.
According to Motilal Oswal's analysis, the company faced multiple headwinds including geopolitical and supply chain disruptions, commodity price volatility, elevated logistics costs, and foreign exchange fluctuations that further impacted performance. These factors contributed to the significant decline in both revenue and profitability metrics during the quarter.
