Solar91 Cleantech Ltd
Incorporated in 2015, Solar91 Cleantech Limited is engaged in providing Engineering, Procurement, and Construction (EPC) Solar Energy Solutions to commercial and industrial clients.[1]
- Market Cap ₹ 400 Cr.
- Current Price ₹
- High / Low ₹ /
- Stock P/E 153
- Book Value ₹
- Dividend Yield %
- ROCE 36.8 %
- ROE 71.2 %
- Face Value ₹
Pros
- Company has reduced debt.
- Company's working capital requirements have reduced from 43.4 days to 31.4 days
Cons
* 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: Power Infrastructure Industry: Engineering - Turnkey Services
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| 41.57 | 37.58 | 42.77 | |
| 41.41 | 36.84 | 38.85 | |
| Operating Profit | 0.16 | 0.74 | 3.92 |
| OPM % | 0.38% | 1.97% | 9.17% |
| 0.44 | 0.09 | 0.20 | |
| Interest | 0.14 | 0.53 | 0.63 |
| Depreciation | 0.02 | 0.03 | 0.09 |
| Profit before tax | 0.44 | 0.27 | 3.40 |
| Tax % | 27.27% | 25.93% | 23.53% |
| 0.32 | 0.20 | 2.61 | |
| EPS in Rs | |||
| Dividend Payout % | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
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| TTM: | 14% |
| Compounded Profit Growth | |
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| TTM: | 1205% |
| Stock Price CAGR | |
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| Last Year: | 71% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|
| Equity Capital | 0.01 | 0.02 | 0.02 | 15.08 |
| Reserves | 1.29 | 2.34 | 4.95 | 13.86 |
| 2.27 | 7.76 | 6.82 | 5.87 | |
| 5.97 | 2.87 | 9.25 | 17.27 | |
| Total Liabilities | 9.54 | 12.99 | 21.04 | 52.08 |
| 0.08 | 0.15 | 2.97 | 3.08 | |
| CWIP | 0.00 | 1.33 | 0.00 | 0.00 |
| Investments | 0.09 | 0.39 | 2.82 | 10.97 |
| 9.37 | 11.12 | 15.25 | 38.03 | |
| Total Assets | 9.54 | 12.99 | 21.04 | 52.08 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| -3.75 | -3.34 | 4.38 | |
| -0.06 | -1.39 | -1.63 | |
| 1.31 | 5.82 | -1.56 | |
| Net Cash Flow | -2.50 | 1.09 | 1.18 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Debtor Days | 19.76 | 26.13 | 18.35 |
| Inventory Days | 58.43 | 64.45 | 72.84 |
| Days Payable | 3.44 | 1.56 | 3.30 |
| Cash Conversion Cycle | 74.74 | 89.02 | 87.89 |
| Working Capital Days | 29.50 | 69.15 | 31.41 |
| ROCE % | 11.69% | 36.79% |
Documents
Annual reports
No data available.
Business Segments[1]
a) EPC Model (Engineering, Procurement, and Construction):
Under the EPC model, they provide turnkey solar energy solutions to commercial and industrial customers, focusing on rooftop and open-access projects. This segment allows customers to adopt renewable energy without owning or operating power plants. Currently, the company has an order book of 6.6 MW across multiple sites in India.