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 ₹ 1,210 Cr.
- Current Price ₹ 613
- High / Low ₹ 670 / 345
- Stock P/E 31.2
- 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 13.8 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -0.67%
* 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
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: | 37% |
| 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
-
Alteration Of Capital and Fund Raising-XBRL
4 June 2025 - Premium Solar (India) Limited has informed regarding Allotment of Securities
-
Alteration Of Capital and Fund Raising-XBRL
4 June 2025 - Premium Solar (India) Limited has informed regarding Allotment of Securities
-
Allotment of Securities
4 June 2025 - Preferential allotment of 3.5 lakh shares and 70,000 warrants at ₹433 each, increasing paid-up capital.
-
Outcome of Board Meeting
4 June 2025 - Preferential allotment of 3.5 lakh shares and 70,000 warrants at ₹433 each, increasing paid-up capital.
-
Analysts/Institutional Investor Meet/Con. Call Updates
27 May 2025 - APS reports FY25 revenue INR 438.87 Cr, 870% PAT growth, plans 1 GW solar cell plant by FY27, INR 1,000 Cr CapEx.
Annual reports
Concalls
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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 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.