Australian Premium Solar (India) Ltd
Incorporated in 2013, Australian Premium Solar (India) Limited manufactures monocrystalline and polycrystalline solar panelmodules and provides engineering, procurement, and construction (EPC) services for residential, agricultural, and commercial applications.[1]
- Market Cap ₹ 966 Cr.
- Current Price ₹ 490
- High / Low ₹ 670 / 306
- Stock P/E 24.9
- Book Value ₹ 44.0
- Dividend Yield 0.00 %
- ROCE 70.6 %
- ROE 57.5 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 99.8% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 43.2%
Cons
- Stock is trading at 11.1 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Half Yearly 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 | |
|---|---|---|---|---|---|---|
| 50 | 74 | 98 | 95 | 150 | 433 | |
| 47 | 70 | 93 | 89 | 140 | 377 | |
| Operating Profit | 3 | 4 | 5 | 6 | 9 | 56 |
| OPM % | 5% | 5% | 5% | 6% | 6% | 13% |
| 0 | 0 | 0 | 0 | 1 | 2 | |
| Interest | 0 | 0 | 0 | 1 | 0 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 4 |
| Profit before tax | 2 | 2 | 4 | 5 | 8 | 53 |
| Tax % | 27% | 25% | 26% | 28% | 25% | 26% |
| 1 | 2 | 3 | 3 | 6 | 39 | |
| EPS in Rs | 610.00 | 900.00 | 1,350.00 | 1,650.00 | 3.12 | 19.67 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 54% |
| 3 Years: | 64% |
| TTM: | 189% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 100% |
| 3 Years: | 143% |
| TTM: | 531% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 29% |
| 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 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.02 | 0.02 | 0.02 | 0.02 | 20 | 20 |
| Reserves | 7 | 8 | 11 | 15 | 28 | 67 |
| 1 | 3 | 3 | 2 | 10 | 8 | |
| 18 | 23 | 21 | 22 | 23 | 113 | |
| Total Liabilities | 26 | 35 | 35 | 39 | 80 | 208 |
| 5 | 8 | 7 | 7 | 19 | 30 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 1 | 1 | 0 | 0 | 0 |
| 21 | 26 | 27 | 32 | 61 | 178 | |
| Total Assets | 26 | 35 | 35 | 39 | 80 | 208 |
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 | 37 | 40 | 36 |
| Inventory Days | 48 | 51 | 30 | 22 | 12 | 51 |
| Days Payable | 141 | 118 | 67 | 88 | 48 | 90 |
| Cash Conversion Cycle | -57 | -53 | -26 | -29 | 5 | -3 |
| Working Capital Days | 18 | 4 | 10 | 23 | 47 | 31 |
| ROCE % | 28% | 31% | 33% | 23% | 71% |
Documents
Announcements
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Investor Presentation
21 May 2025 - APS FY25 revenue Rs 435cr, PAT Rs 38.83cr; detailed business and product overview disclosed.
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Press Release
19 May 2025 - APS reports H2 FY25 PAT up 735%, EBITDA up 667%, with 800 MW capacity expansion underway.
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Analysts/Institutional Investor Meet/Con. Call Updates
17 May 2025 - Scheduled H2 FY25 earnings call on May 21, 2025, at 1:30 PM by Australian Premium Solar.
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Outcome of Board Meeting
16 May 2025 - Approved audited standalone and consolidated financial results for FY ended March 31, 2025 with unmodified audit opinion.
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Board Meeting Intimation
12 May 2025 - AUSTRALIAN PREMIUM SOLAR (INDIA) LIMITED has informed about Board Meeting to be held on 16-May-2025 to consider and approve the Yearly Audited Financial results of …
Annual reports
Concalls
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May 2025TranscriptNotesPPT
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Feb 2025Transcript PPT REC
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Oct 2024Transcript PPT REC
Business Division[1]
The company manufactures two types of solar panels:
A) Monocrystalline solar panels: The solar cells used in monocrystalline solar panels are more efficient and have a darker, uniform appearance due to their monocrystalline structure, allowing the busbars (copper-coated thin ribbons) to be placed more strategically without significantly detracting from the appearance.