Ahasolar Technologies Ltd

Ahasolar Technologies Ltd

₹ 492 -1.93%
26 Apr - close price
About

Incorporated in 2017, Ahasolar Technologies Limited is engaged in the business of CleanTech enabling Energy Transition through Digital Transformation[1]

Key Points

Business segments[1]
A) Software for Solar PV Installers and Government Agencies
B) Advisory and Technical Consultancy Services for development of Solar Power Plants
C) Marketplace for Solar PV Installers and Manufacturers has a pan-India presence making an Impact in the Solar Ecosystem.

  • Market Cap 152 Cr.
  • Current Price 492
  • High / Low 658 / 203
  • Stock P/E 94.7
  • Book Value 48.4
  • Dividend Yield 0.00 %
  • ROCE 58.4 %
  • ROE 65.7 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 82.6%

Cons

  • Stock is trading at 10.2 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 37.0%
  • Debtor days have increased from 41.1 to 49.3 days.

* 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.

Loading peers table ...

Half Yearly Results

Figures in Rs. Crores

Sep 2022 Sep 2023
9.85 12.89
9.57 13.66
Operating Profit 0.28 -0.77
OPM % 2.84% -5.97%
0.00 0.13
Interest 0.00 0.00
Depreciation 0.04 0.13
Profit before tax 0.24 -0.77
Tax % 33.33% 0.00%
0.16 -0.77
EPS in Rs 1.35 -2.50
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.00 0.18 1.29 1.88 17.30 20.87
0.01 0.18 1.27 1.77 16.19 19.08
Operating Profit -0.01 0.00 0.02 0.11 1.11 1.79
OPM % 0.00% 1.55% 5.85% 6.42% 8.58%
0.00 0.00 0.00 0.00 0.01 0.01
Interest 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.03 0.21
Profit before tax -0.01 0.00 0.02 0.11 1.09 1.59
Tax % 0.00% 0.00% 27.27% 27.52% -0.63%
-0.01 0.01 0.02 0.08 0.79 1.60
EPS in Rs -100.00 10.00 20.00 80.00 790.00 7.07
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 153%
TTM: 21%
Compounded Profit Growth
10 Years: %
5 Years: 177%
3 Years: 331%
TTM: 103%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 83%
Last Year: 66%

Balance Sheet

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0.00 0.01 0.01 0.01 0.01 2.26 3.08
Reserves -0.01 -0.01 0.01 0.09 0.88 1.72 11.83
0.01 0.01 0.23 0.24 0.58 0.00 0.00
0.01 0.09 1.14 0.51 0.95 1.23 0.92
Total Liabilities 0.01 0.10 1.39 0.85 2.42 5.21 15.83
0.00 0.00 0.02 0.02 0.54 0.78 1.27
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 5.07
0.01 0.10 1.37 0.83 1.88 4.43 9.49
Total Assets 0.01 0.10 1.39 0.85 2.42 5.21 15.83

Cash Flows

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-0.20 0.10 0.21 -0.27
-0.02 -0.01 -0.53 -0.44
0.22 0.01 0.34 0.92
Net Cash Flow 0.00 0.11 0.02 0.21

Ratios

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 20.28 99.03 40.77 33.12 49.32
Inventory Days 60.83 0.00 0.00 0.00
Days Payable 243.33
Cash Conversion Cycle -162.22 99.03 40.77 33.12 49.32
Working Capital Days -60.83 -144.30 19.41 15.19 42.32
ROCE % 0.00% 15.38% 37.29% 120.44% 58.35%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2023Mar 2024
36.95% 36.95%
63.04% 63.05%
No. of Shareholders 500880

Documents