Australian Premium Solar (India) Ltd
Incorporated in 2013, Australian Premium Solar Ltd is a solar panel and inverter manufacturer, and an EPC services provider.[1]
- Market Cap ₹ 953 Cr.
- Current Price ₹ 474
- High / Low ₹ 654 / 345
- Stock P/E 17.6
- Book Value ₹ 66.5
- Dividend Yield 0.02 %
- ROCE 70.8 %
- ROE 57.8 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 100% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 43.4%
Cons
- Stock is trading at 7.13 times its book value
- Company might be capitalizing the interest cost
* 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
Industrials Capital Goods Electrical Equipment Heavy Electrical Equipment
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 50 | 74 | 98 | 94 | 149 | 433 | 503 | |
| 47 | 70 | 93 | 88 | 140 | 377 | 437 | |
| Operating Profit | 3 | 4 | 5 | 6 | 9 | 56 | 66 |
| OPM % | 5% | 5% | 5% | 6% | 6% | 13% | 13% |
| 0 | 0 | 0 | 0 | 1 | 2 | 2 | |
| Interest | 0 | 0 | 0 | 1 | 0 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 4 | 4 |
| Profit before tax | 2 | 2 | 4 | 5 | 8 | 53 | 63 |
| Tax % | 27% | 25% | 26% | 28% | 25% | 26% | |
| 1 | 2 | 3 | 3 | 6 | 39 | 47 | |
| EPS in Rs | 610.00 | 900.00 | 1,350.00 | 1,650.00 | 3.12 | 19.82 | 23.68 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 54% |
| 3 Years: | 64% |
| TTM: | 139% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 100% |
| 3 Years: | 144% |
| TTM: | 235% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -6% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 41% |
| 3 Years: | 43% |
| Last Year: | 58% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.02 | 0.02 | 0.02 | 0.02 | 20 | 20 | 20 |
| Reserves | 7 | 8 | 11 | 15 | 28 | 68 | 113 |
| 1 | 3 | 3 | 2 | 10 | 8 | 31 | |
| 18 | 23 | 21 | 22 | 23 | 113 | 99 | |
| Total Liabilities | 26 | 35 | 35 | 39 | 80 | 208 | 264 |
| 5 | 8 | 7 | 7 | 19 | 30 | 68 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 1 | 1 | 0 | 0 | 0 | 0 |
| 21 | 26 | 27 | 32 | 61 | 178 | 196 | |
| Total Assets | 26 | 35 | 35 | 39 | 80 | 208 | 264 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 5 | 3 | 3 | -5 | 24 | ||
| -6 | -1 | -3 | -13 | -14 | ||
| 2 | -1 | -1 | 35 | -2 | ||
| Net Cash Flow | 1 | 2 | -1 | 16 | 9 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 36 | 14 | 11 | 38 | 40 | 36 |
| Inventory Days | 48 | 51 | 30 | 22 | 12 | 51 |
| Days Payable | 141 | 118 | 67 | 88 | 48 | 90 |
| Cash Conversion Cycle | -57 | -53 | -26 | -28 | 5 | -3 |
| Working Capital Days | 18 | 1 | 6 | 22 | 46 | 31 |
| ROCE % | 28% | 31% | 33% | 23% | 71% |
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
8 November 2025 - Audio recording of H1 FY26 (ended Sep 30, 2025) earnings conference call available online.
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Investor Presentation
6 November 2025 - Investor presentation H1 FY26: Total income Rs302.93cr, EBITDA Rs43.28cr, PAT Rs28.60cr, dated Nov 6, 2025.
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Analysts/Institutional Investor Meet/Con. Call Updates
3 November 2025 - H1 FY26 earnings conference call scheduled Nov 07, 2025 at 10:30 AM IST; registration link provided.
-
Press Release
31 October 2025 - H1 FY26 revenue ₹302.93Cr (+84%), PAT ₹28.60Cr; commissioned 400MW TopCon line (total 800MW).
-
Outcome of Board Meeting
30 October 2025 - Approved H1 FY2025-26 unaudited results; interim dividend Rs.0.10/share; record date 07 Nov 2025.
Annual reports
Concalls
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Nov 2025TranscriptNotesPPT REC
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Aug 2025Transcript PPT REC
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Jul 2025TranscriptNotesPPT
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Oct 2024Transcript PPT REC
Business Overview:[1]
APSL is a homegrown solar solutions provider specializing in the manufacturing of Monocrystalline and Topcon solar modules. It also offers EPC services across residential, commercial, industrial, and agricultural sectors, delivering both solar panels and end-to-end installation solutions.