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 ₹ 448 Cr.
- Current Price ₹ 222
- High / Low ₹ 544 / 221
- Stock P/E 7.90
- Book Value ₹ 80.3
- Dividend Yield 0.04 %
- ROCE 56.1 %
- ROE 45.5 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 99.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 45.6%
Cons
- Debtor days have increased from 57.2 to 94.9 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 | 28.13 |
| 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: | 45% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -53% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 44% |
| 3 Years: | 46% |
| Last Year: | 46% |
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% | 47% | 10% |
Ratios
Standalone / 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 | 49 |
| ROCE % | 28% | 31% | 33% | 23% | 70% | 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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Shareholders meeting
- 13th AGM results: all 6 resolutions passed on September 29, 2026, including borrowing and charge authority.
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Shareholders meeting
- 13th AGM held September 29, 2026; shareholders considered financial statements, reappointment, audit and borrowing resolutions.
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Analysts/Institutional Investor Meet/Con. Call Updates
- Virtual analyst meeting with Arihant Capital on September 30, 2026, from 10:00 AM to 11:00 AM.
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Trading Window
- Trading window closed from 1 October 2026 until 48 hours after H1 FY27 results.
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General Updates
- 13th AGM on September 29, 2026; annual report 2025-26 web-link shared with members.
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
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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.