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 ₹ 989 Cr.
- Current Price ₹ 492
- High / Low ₹ 654 / 345
- Stock P/E 21.0
- Book Value ₹ 51.0
- Dividend Yield 0.00 %
- 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 9.65 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
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: | 190% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 100% |
| 3 Years: | 144% |
| TTM: | 536% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 15% |
| 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 | 68 |
| 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 | 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
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
7 October 2025 - RTA MUFG Intime confirms dematerialisation compliance for quarter ended September 30, 2025 for Australian Premium Solar.
-
Shareholders meeting
1 October 2025 - 12th AGM on Sep 30, 2025: three ordinary resolutions passed unanimously; 72.08% votes polled (14,481,342).
-
Shareholders meeting
30 September 2025 - 12th AGM on 30 Sep 2025: adopted FY2024-25 financials; re-appointed Dhaval Suthar; ratified 2025-26 cost auditor remuneration.
-
Trading Window
29 September 2025 - Trading window closed Oct 1, 2025 until 48 hours after unaudited H1 results for Sept 30, 2025.
-
Allotment of Securities
19 September 2025 - 70,000 shares allotted at Rs433 on Sept 19, 2025; Rs22,732,500 received; paid-up capital ₹20.16 Crore.
Annual reports
Concalls
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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.