Australian Premium Solar (India) Ltd
Incorporated in 2013, Australian Premium Solar (India) Limited manufactures monocrystalline and polycrystalline solar modules and provides engineering, procurement, and construction (EPC) services for residential, agricultural, and commercial applications.[1]
- Market Cap ₹ 1,004 Cr.
- Current Price ₹ 509
- High / Low ₹ 670 / 140
- Stock P/E 163
- Book Value ₹ 24.4
- Dividend Yield 0.00 %
- ROCE 51.0 %
- ROE 42.5 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 32.9%
Cons
- Stock is trading at 20.9 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
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 50 | 74 | 98 | 95 | 150 | |
| 47 | 70 | 93 | 89 | 140 | |
| Operating Profit | 3 | 4 | 5 | 6 | 9 |
| OPM % | 5% | 5% | 5% | 6% | 6% |
| 0 | 0 | 0 | 0 | 1 | |
| Interest | 0 | 0 | 0 | 1 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 2 | 2 | 4 | 5 | 8 |
| Tax % | 27% | 25% | 26% | 26% | 25% |
| 1 | 2 | 3 | 3 | 6 | |
| EPS in Rs | 610.00 | 900.00 | 1,350.00 | 1,665.00 | 3.12 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 26% |
| TTM: | 58% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 51% |
| TTM: | 85% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 33% |
| Last Year: | 43% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 0 | 0 | 0 | 0 | 20 |
| Reserves | 7 | 8 | 11 | 14 | 28 |
| 1 | 3 | 3 | 2 | 10 | |
| 18 | 23 | 21 | 22 | 23 | |
| Total Liabilities | 26 | 35 | 35 | 39 | 80 |
| 5 | 8 | 7 | 7 | 19 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 1 | 1 | 3 | 0 |
| 21 | 26 | 27 | 30 | 61 | |
| Total Assets | 26 | 35 | 35 | 39 | 80 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 5 | 3 | 3 | -5 | ||
| -6 | -1 | -3 | -13 | ||
| 2 | -1 | -1 | 35 | ||
| Net Cash Flow | 1 | 2 | -1 | 16 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 36 | 14 | 11 | 38 | |
| Inventory Days | 48 | 51 | 30 | 22 | |
| Days Payable | 141 | 118 | 67 | 88 | |
| Cash Conversion Cycle | -57 | -53 | -26 | -29 | |
| Working Capital Days | 18 | 4 | 10 | 20 | |
| ROCE % | 28% | 31% | 33% |
Documents
Announcements
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Updates
20 July 2024 - APS: Australian Premium Solar (India) Limited has informed regarding 'Non-Applicability of the Regulation 27(2) of the SEBI (LODR) Regulations, 2015.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
12 July 2024 - Premium Solar (India) Limited has informed about Certificate under SEBI (Depositories and Participants) Regulations, 2018
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Reply to Clarification- Financial results
1 July 2024 - Exchange had sought clarification from Australian Premium Solar (India) Limited for the quarter ended 31-Mar-2024 with respect to Regulation 33 of the SEBI (LODR) Regulations, …
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Clarification - Financial Results
26 June 2024 - Exchange has sought clarification from Australian Premium Solar (India) Limited for the quarter ended 31-Mar-2024 with respect to Regulation 33 of the SEBI (LODR) Regulations, …
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Price movement
14 June 2024 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …
Annual reports
No data available.
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.