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 ₹ 1,065 Cr.
- Current Price ₹ 530
- High / Low ₹ 654 / 345
- Stock P/E 22.0
- Book Value ₹ 51.6
- Dividend Yield 0.00 %
- ROCE 71.4 %
- ROE 58.9 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 10.3 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|
| 150 | 439 | 510 | |
| 140 | 382 | 443 | |
| Operating Profit | 9 | 57 | 67 |
| OPM % | 6% | 13% | 13% |
| 1 | 2 | 2 | |
| Interest | 0 | 1 | 1 |
| Depreciation | 1 | 4 | 4 |
| Profit before tax | 8 | 54 | 64 |
| Tax % | 25% | 25% | |
| 6 | 40 | 48 | |
| EPS in Rs | 3.12 | 20.31 | 24.32 |
| Dividend Payout % | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 193% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 552% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 9% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 59% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Equity Capital | 20 | 20 |
| Reserves | 28 | 68 |
| 10 | 8 | |
| 23 | 115 | |
| Total Liabilities | 80 | 212 |
| 19 | 30 | |
| CWIP | 0 | 0 |
| Investments | 0 | 0 |
| 61 | 181 | |
| Total Assets | 80 | 212 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| -5 | 24 | |
| -13 | -14 | |
| 35 | -1 | |
| Net Cash Flow | 16 | 10 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Debtor Days | 40 | 36 |
| Inventory Days | 12 | 53 |
| Days Payable | 48 | 91 |
| Cash Conversion Cycle | 5 | -2 |
| Working Capital Days | 46 | 31 |
| ROCE % | 71% |
Documents
Announcements
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Credit Rating- Others
27 October 2025 - Crisil reaffirmed BBB/Stable and A3+; bank facilities rated Rs128 crore (enhanced), Oct 27, 2025.
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Record Date
23 October 2025 - Board meeting 30 Oct 2025 to consider H1 (Sep 30) results; interim dividend possible; record date 07 Nov 2025.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
7 October 2025 - RTA MUFG Intime confirms dematerialisation compliance for quarter ended September 30, 2025 for Australian Premium Solar.
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Shareholders meeting
1 October 2025 - 12th AGM on Sep 30, 2025: three ordinary resolutions passed unanimously; 72.08% votes polled (14,481,342).
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Shareholders meeting
30 September 2025 - 12th AGM on 30 Sep 2025: adopted FY2024-25 financials; re-appointed Dhaval Suthar; ratified 2025-26 cost auditor remuneration.
Annual reports
Concalls
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Aug 2025Transcript PPT REC
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Jul 2025TranscriptNotesPPT
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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.