Surana Solar Ltd

₹ 47.2 1.92%

26 Dec 4:01 p.m.

suranaventures.com; www.surana.com BSE: 533298 NSE: SURANASOL

About

Incorporated in 2006, Surana Solar Ltd is in the business of manufacturing Solar Photovoltic Modules, generation of Wind and Solar Power energy and trading of other solar related products^[1]

Key Points

Business Overview:^[1]^[2]
SSL is a part of the Surana Group. It is a manufacturer of Solar Photovoltaic Modules and is also into EPC of Power Projects on turnkey basis on MW scale. It offers grid connected and grid off Photovoltaic Power plants in open
areas and provides engineering, procurement and construction within a range of 1 MW to 15 MW

Website BSE NSE - BE

Market Cap ₹ 235 Cr.
Current Price ₹ 47.2
High / Low ₹ 67.0 / 28.0
Stock P/E 66.9
Book Value ₹ 8.58
Dividend Yield 0.00 %
ROCE %
ROE %
Face Value ₹ 5.00

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Pros

Cons

Stock is trading at 5.50 times its book value
Promoter holding has decreased over last quarter: -3.79%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone




Operating Profit
OPM %

Interest
Depreciation
Profit before tax
Tax %

EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013
	92.55
	82.08
Operating Profit	10.47
OPM %	11.31%
	-0.78
Interest	2.98
Depreciation	3.13
Profit before tax	3.58
Tax %	27.93%
	2.58
EPS in Rs	0.52
Dividend Payout %	95.35%

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	%

Stock Price CAGR
10 Years:	-2%
5 Years:	52%
3 Years:	17%
1 Year:	43%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013
Equity Capital	24.60
Reserves	17.61
	29.43
	28.50
Total Liabilities	100.14
	32.42
CWIP	16.84
Investments	0.02
	50.86
Total Assets	100.14

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013
	17.60
	-14.20
	-0.31
Net Cash Flow	3.09

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013
Debtor Days	37.27
Inventory Days	154.09
Days Payable	115.71
Cash Conversion Cycle	75.65
Working Capital Days	63.85
ROCE %

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	66.90%	65.23%	65.09%	64.77%	64.72%	64.85%	64.90%	64.54%	62.31%	49.94%	46.68%	42.89%
	0.06%	0.00%	0.00%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.20%	0.30%
	0.03%	0.04%	0.04%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
	33.00%	34.74%	34.88%	35.19%	35.24%	35.12%	35.07%	35.43%	37.65%	50.02%	53.10%	56.77%
No. of Shareholders	29,825	40,413	40,966	41,942	41,110	40,379	41,408	46,513	55,685	89,630	1,02,931	1,15,104

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	70.61%	65.98%	67.66%	69.09%	70.19%	65.23%	64.85%	49.94%	42.89%
	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.30%
	0.24%	0.23%	0.04%	0.05%	0.04%	0.04%	0.03%	0.03%	0.03%
	29.14%	33.77%	32.30%	30.86%	29.77%	34.74%	35.12%	50.02%	56.77%
No. of Shareholders	13,071	15,053	14,002	13,590	15,544	40,413	40,379	89,630	1,15,104

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Surana Solar Ltd

Surana Solar Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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