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 ₹ 470 Cr.
- Current Price ₹ 233
- High / Low ₹ 544 / 225
- Stock P/E 8.32
- Book Value ₹ 80.3
- Dividend Yield 0.04 %
- 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% | 4.9% | 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: | -51% |
| 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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General Updates
- 13th AGM on September 29, 2026; annual report 2025-26 web-link shared with members.
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Copy of Newspaper Publication
- AGM notice published on September 8, 2026; annual report and e-voting instructions issued for FY2025-26.
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Shareholders meeting
- 13th AGM scheduled for September 29, 2026; annual report and e-voting dates announced.
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Appointment
- Shah Samkit & Associates appointed internal auditor for FY 2026-27 on September 4, 2026.
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Appointment
- Dharti Patel & Associates appointed secretarial auditor for FY27-FY31, subject to AGM approval.
Annual reports
-
Annual Report 2026
from nse
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Annual Report 2025
from nse
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Annual Report 2024
from nse
Concalls
-
Jun 2026Transcript
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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Jul 2025PPT
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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.