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 ₹ 414 Cr.
- Current Price ₹ 206
- High / Low ₹ 488 / 195
- Stock P/E 7.13
- Book Value ₹ 81.4
- Dividend Yield 0.05 %
- ROCE 56.6 %
- ROE 46.0 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 43.0%
Cons
- Debtor days have increased from 54.3 to 87.1 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| 150 | 439 | 708 | |
| 140 | 382 | 613 | |
| Operating Profit | 9 | 57 | 95 |
| OPM % | 6% | 13% | 13% |
| 1 | 2 | 1 | |
| Interest | 0 | 1 | 5 |
| Depreciation | 1 | 4 | 9 |
| Profit before tax | 8 | 54 | 82 |
| Tax % | 25% | 25% | 29% |
| 6 | 40 | 58 | |
| EPS in Rs | 3.12 | 20.31 | 28.80 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 61% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 45% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -58% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 43% |
| Last Year: | 46% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Equity Capital | 20 | 20 | 20 |
| Reserves | 28 | 68 | 144 |
| 10 | 8 | 45 | |
| 23 | 115 | 182 | |
| Total Liabilities | 80 | 212 | 391 |
| 19 | 30 | 67 | |
| CWIP | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 |
| 61 | 181 | 324 | |
| Total Assets | 80 | 212 | 391 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| -5 | 24 | -5 | |
| -13 | -14 | -45 | |
| 35 | -1 | 55 | |
| Net Cash Flow | 16 | 10 | 4 |
| Free Cash Flow | -19 | 9 | -51 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -45% | 46% | 9% |
Ratios
Consolidated / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor Days | 40 | 36 | 87 |
| Inventory Days | 12 | 53 | 40 |
| Days Payable | 48 | 91 | 86 |
| Cash Conversion Cycle | 5 | -2 | 41 |
| Working Capital Days | 46 | 31 | 49 |
| ROCE % | 71% | 57% |
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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Record Date
- Board meets November 6, 2026 to approve H1 FY27 results and consider interim dividend; record date November 16.
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Press Release
- 400 MW TOPCon line begins commercial production on Oct 13, raising module capacity from 800 MW to 1.2 GW.
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Commencement of commercial production/operations
- Commercial production began for new 400 MW Topcon line, raising capacity from 800 MW to 1.2 GW.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Submitted Regulation 74(5) certificate for quarter ended 30 September 2026.
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Shareholders meeting
- 13th AGM results: all 6 resolutions passed on September 29, 2026, including borrowing and charge authority.
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.