Sungarner Energies Ltd
Incorporated in 2015, Sungarner Energies Limited is engaged in the business of manufacturing Solar Inverters, Online UPS Systems, EV Chargers, and Lead Acid Batteries.[1]
- Market Cap ₹ 80.1 Cr.
- Current Price ₹ 346
- High / Low ₹ 346 / 150
- Stock P/E 100
- Book Value ₹ 37.8
- Dividend Yield 0.00 %
- ROCE 26.4 %
- ROE 31.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 32.3%
Cons
- Stock is trading at 9.15 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company's cost of borrowing seems high
* 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 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|
| 4.36 | 5.31 | 7.94 | 17.32 | 16.00 | |
| 4.14 | 4.92 | 6.98 | 16.06 | 14.47 | |
| Operating Profit | 0.22 | 0.39 | 0.96 | 1.26 | 1.53 |
| OPM % | 5.05% | 7.34% | 12.09% | 7.27% | 9.56% |
| 0.00 | 0.00 | 0.04 | 0.34 | 0.24 | |
| Interest | 0.11 | 0.10 | 0.16 | 0.28 | 0.36 |
| Depreciation | 0.07 | 0.06 | 0.07 | 0.11 | 0.13 |
| Profit before tax | 0.04 | 0.23 | 0.77 | 1.21 | 1.28 |
| Tax % | 50.00% | 30.43% | 25.97% | 38.02% | |
| 0.03 | 0.16 | 0.58 | 0.74 | 0.80 | |
| EPS in Rs | 0.65 | 3.44 | 12.47 | 4.41 | 4.36 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 58% |
| TTM: | 118% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 191% |
| TTM: | 28% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 32% |
| Last Year: | 31% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|
| Equity Capital | 0.47 | 0.47 | 0.47 | 1.68 | 2.32 |
| Reserves | 0.36 | 0.52 | 1.10 | 1.53 | 6.44 |
| 0.88 | 1.04 | 2.27 | 4.24 | 1.37 | |
| 0.89 | 1.16 | 1.52 | 2.70 | 4.02 | |
| Total Liabilities | 2.60 | 3.19 | 5.36 | 10.15 | 14.15 |
| 1.26 | 1.33 | 1.66 | 1.90 | 1.85 | |
| CWIP | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 1.34 | 1.86 | 3.69 | 8.25 | 12.30 | |
| Total Assets | 2.60 | 3.19 | 5.36 | 10.15 | 14.15 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| 0.14 | 0.11 | -0.69 | -2.22 | |
| -0.03 | -0.12 | -0.41 | -0.35 | |
| -0.16 | 0.06 | 1.09 | 2.61 | |
| Net Cash Flow | -0.06 | 0.05 | -0.01 | 0.04 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| Debtor Days | 71.16 | 63.24 | 59.30 | 58.59 |
| Inventory Days | 45.02 | 88.22 | 204.95 | 155.51 |
| Days Payable | 85.22 | 90.42 | 91.74 | 51.48 |
| Cash Conversion Cycle | 30.96 | 61.03 | 172.51 | 162.62 |
| Working Capital Days | 38.51 | 46.74 | 105.73 | 122.86 |
| ROCE % | 17.65% | 31.69% | 26.40% |
Documents
Announcements
Annual reports
No data available.
Business Profile[1] SEL started as a Design Engineering and Solar EPC company and now manufactures Solar Inverters, Online UPS Systems, EV Chargers, and Lead Acid Batteries.