Fujiyama Power Systems Shares Analyzed
Fujiyama Power Systems’ stock price jumped significantly on November 20, 2025, showing a 5% increase on the BSE. The stock reached a high of ₹209.45 per share, driven by the release of the company’s strong Q2FY26 financial results. Despite a general downturn in the BSE Sensex, Fujiyama Power Systems outperformed, highlighting investor confidence.
Key Points
- Strong Q2 results: Revenue up 72.6%, profit after tax up 97.4%.
- Ebitda increased by 150% to ₹103 crore, demonstrating operational strength.
- Fujiyama’s Ebitda margin rose to 18.1%, indicating efficient operations.
- Analysts recommend holding the stock due to promising growth prospects.
- The company is a leader in rooftop solar solutions, a growing market.
- IPO listing slightly below grey market expectations, but still positive.
The company’s Q2 results were impressive. Revenue increased by 72.6% to ₹567.9 crore, compared to ₹329.1 crore in the previous year. Profit after tax jumped by a remarkable 97.4% to ₹62.9 crore.
Furthermore, the company’s Earnings before interest, tax, depreciation, and amortisation (Ebitda) saw a substantial rise to ₹103 crore, up from ₹50.1 crore. This translates to an Ebitda margin of 18.1%, a significant improvement from the previous 15.1%.
An analyst from WealthMills Securities, Kranthi Bathini, believes investors should “hold” the stock. He cited the company’s strong performance and the potential growth in the alternative and green energy sectors.
Fujiyama Power Systems began trading on November 20, 2025, after its initial public offering (IPO). The stock opened at ₹220 per share on the National Stock Exchange (NSE), a bit lower than the IPO price of ₹228 per share. Despite this initial discount, the company’s listing shows positive initial investor sentiment.
“Holding this stock represents a strategic opportunity aligning with sustainable energy’s future trajectory.”



