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 ₹ 647 Cr.
- Current Price ₹ 321
- High / Low ₹ 654 / 261
- Stock P/E 11.4
- Book Value ₹ 80.3
- Dividend Yield 0.03 %
- ROCE 55.9 %
- ROE 45.4 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 99.2% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 45.5%
Cons
- Debtor days have increased from 57.2 to 94.8 days.
* 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
Part of Nifty SME Emerge
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 50 | 74 | 98 | 94 | 149 | 433 | 689 | |
| 47 | 70 | 93 | 88 | 140 | 377 | 596 | |
| Operating Profit | 3 | 4 | 5 | 6 | 9 | 56 | 93 |
| OPM % | 5% | 5% | 5% | 6% | 6% | 13% | 13% |
| 0 | 0 | 0 | 0 | 1 | 2 | 1 | |
| Interest | 0 | 0 | 0 | 1 | 0 | 1 | 5 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 4 | 9 |
| Profit before tax | 2 | 2 | 4 | 5 | 8 | 53 | 79 |
| Tax % | 27% | 25% | 26% | 28% | 25% | 26% | 29% |
| 1 | 2 | 3 | 3 | 6 | 39 | 57 | |
| EPS in Rs | 610.00 | 900.00 | 1,350.00 | 1,650.00 | 3.12 | 19.82 | 28.04 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 56% |
| 3 Years: | 94% |
| TTM: | 59% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 99% |
| 3 Years: | 158% |
| TTM: | 44% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -44% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 44% |
| 3 Years: | 46% |
| Last Year: | 45% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.02 | 0.02 | 0.02 | 0.02 | 20 | 20 | 20 |
| Reserves | 7 | 8 | 11 | 15 | 28 | 68 | 142 |
| 1 | 3 | 3 | 2 | 10 | 8 | 44 | |
| 18 | 23 | 21 | 22 | 23 | 113 | 180 | |
| Total Liabilities | 26 | 35 | 35 | 39 | 80 | 208 | 386 |
| 5 | 8 | 7 | 7 | 19 | 30 | 67 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 1 | 1 | 0 | 0 | 0 | 0 |
| 21 | 26 | 27 | 32 | 61 | 178 | 319 | |
| Total Assets | 26 | 35 | 35 | 39 | 80 | 208 | 386 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 5 | 3 | 3 | -5 | 24 | -4 | ||
| -6 | -1 | -3 | -13 | -14 | -45 | ||
| 2 | -1 | -1 | 35 | -2 | 54 | ||
| Net Cash Flow | 1 | 2 | -1 | 16 | 9 | 4 | |
| Free Cash Flow | 1 | 3 | 1 | -19 | 9 | -50 | |
| CFO/OP | 149% | 59% | 56% | -45% | 46% | 10% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 36 | 14 | 11 | 38 | 40 | 36 | 95 |
| Inventory Days | 48 | 51 | 30 | 22 | 12 | 51 | 34 |
| Days Payable | 141 | 118 | 67 | 88 | 48 | 90 | 88 |
| Cash Conversion Cycle | -57 | -53 | -26 | -28 | 5 | -3 | 41 |
| Working Capital Days | 18 | 1 | 6 | 22 | 46 | 31 | 53 |
| ROCE % | 28% | 31% | 33% | 23% | 71% | 56% |
Insights
In beta| Mar 2013 | Mar 2015 | Mar 2017 | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Solar Module Manufacturing Capacity MW |
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| Successful Solar Installations Number |
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| Number of Distributors Number |
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| Number of SKUs Number |
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| Order Book - Solar Pump Segment INR Crores |
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Extracted by Screener AI
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
28 May 2026 - Audio recording of the May 27, 2026 earnings call is available online.
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Investor Presentation
27 May 2026 - Investor presentation for H2/FY26: total income Rs 405.80 crore, EBITDA Rs 52.32 crore, PAT Rs 29.26 crore.
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Press Release
25 May 2026 - APS reports 47% H2 FY26 revenue growth; 400 MW TopCon line to lift capacity to 1.2 GW by July 2026.
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Outcome of Board Meeting
22 May 2026 - Board approved audited standalone and consolidated FY26 results on May 22, 2026; audit opinion unmodified.
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Analysts/Institutional Investor Meet/Con. Call Updates
21 May 2026 - H2 FY26 earnings conference call on May 27, 2026 at 11:00 A.M. IST.
Annual reports
Concalls
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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Jul 2025TranscriptAI SummaryPPT
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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.