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 ₹ 606 Cr.
- Current Price ₹ 301
- High / Low ₹ 600 / 261
- Stock P/E 10.7
- 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: | -45% |
| 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 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Agriculture SWP Projects (Cumulative) count |
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| Geographical Reach (Number of States) count |
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| Happy Customers (Cumulative) count |
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| Number of SKUs count |
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| Solar Module Manufacturing Capacity MW |
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| Successful Installations (Cumulative) count |
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| Team Size count |
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Extracted by Screener AI
Documents
Announcements
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Reply to Clarification- Financial results
9 July 2026 - Responded to NSE query; submitted audited FY26 standalone and consolidated results with revised XBRL after clerical error.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
7 July 2026 - Submitted Regulation 74(5) certificate for quarter ended 30 June 2026.
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Acquisition
26 June 2026 - Acquired remaining 49% stake in Aplus Solar Cell Limited on June 26, 2026, making it wholly owned.
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Clarification - Financial Results
25 June 2026 - Exchange has sought clarification from Australian Premium Solar (India) Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, …
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Disclosure under SEBI Takeover Regulations
17 June 2026 - Australian Premium Solar (India) Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and …
Annual reports
Concalls
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Jun 2026TranscriptPPT
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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.