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 ₹ 629 Cr.
- Current Price ₹ 319
- High / Low ₹ 396 / 140
- Stock P/E 189
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 33.4 %
- ROE 26.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Debtor days have increased from 20.6 to 37.5 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
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| 74.01 | 98.01 | 94.56 | |
| 70.38 | 92.74 | 88.52 | |
| Operating Profit | 3.63 | 5.27 | 6.04 |
| OPM % | 4.90% | 5.38% | 6.39% |
| 0.28 | 0.21 | 0.40 | |
| Interest | 0.36 | 0.41 | 0.62 |
| Depreciation | 1.14 | 1.41 | 1.30 |
| Profit before tax | 2.41 | 3.66 | 4.52 |
| Tax % | 25.31% | 26.23% | 26.11% |
| 1.80 | 2.70 | 3.33 | |
| EPS in Rs | 900.00 | 1,350.00 | 1,665.00 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
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| TTM: | -4% |
| Compounded Profit Growth | |
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| TTM: | 23% |
| Stock Price CAGR | |
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| Return on Equity | |
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| Last Year: | 26% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|
| Equity Capital | 0.02 | 0.02 | 0.02 | 0.02 |
| Reserves | 8.45 | 11.11 | 14.45 | 16.11 |
| 3.29 | 2.99 | 2.23 | 1.80 | |
| 23.26 | 20.56 | 22.49 | 30.58 | |
| Total Liabilities | 35.02 | 34.68 | 39.19 | 48.51 |
| 8.02 | 6.65 | 6.92 | 6.28 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.85 | 1.44 | 2.58 | 1.98 |
| 26.15 | 26.59 | 29.69 | 40.25 | |
| Total Assets | 35.02 | 34.68 | 39.19 | 48.51 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| 5.05 | 2.67 | 2.53 | |
| -5.57 | -0.57 | -2.74 | |
| 1.81 | -0.59 | -1.18 | |
| Net Cash Flow | 1.28 | 1.51 | -1.39 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| Debtor Days | 13.61 | 10.58 | 37.52 |
| Inventory Days | 50.92 | 29.89 | 22.17 |
| Days Payable | 117.61 | 66.75 | 88.21 |
| Cash Conversion Cycle | -53.07 | -26.28 | -28.52 |
| Working Capital Days | 4.29 | 10.02 | 20.26 |
| ROCE % | 31.45% | 33.35% |
Documents
Announcements
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.