Surana Solar Ltd
Incorporated in 2006, Surana Solar Ltd is in the business of manufacturing Solar Photovoltic Modules, generation of Wind and Solar Power energy and trading of other solar related products[1]
- Market Cap ₹ 205 Cr.
- Current Price ₹ 41.7
- High / Low ₹ 48.0 / 18.2
- Stock P/E
- Book Value ₹ 11.4
- Dividend Yield 0.00 %
- ROCE -1.44 %
- ROE -2.22 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
Cons
- Stock is trading at 3.65 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -12.4%
- The company has delivered a poor sales growth of -12.6% over past five years.
- Company has a low return on equity of -0.39% over last 3 years.
- Earnings include an other income of Rs.1.16 Cr.
- Working capital days have increased from 436 days to 665 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
92.55 | 129.05 | 125.38 | 121.05 | 84.09 | 39.12 | 34.74 | 33.17 | 27.94 | 24.83 | 42.18 | 17.71 | |
82.88 | 118.13 | 107.36 | 111.70 | 76.03 | 33.09 | 29.93 | 27.62 | 22.57 | 20.86 | 40.80 | 17.78 | |
Operating Profit | 9.67 | 10.92 | 18.02 | 9.35 | 8.06 | 6.03 | 4.81 | 5.55 | 5.37 | 3.97 | 1.38 | -0.07 |
OPM % | 10.45% | 8.46% | 14.37% | 7.72% | 9.58% | 15.41% | 13.85% | 16.73% | 19.22% | 15.99% | 3.27% | -0.40% |
-0.78 | 1.44 | 0.38 | 1.19 | 0.41 | 0.58 | 1.27 | 1.01 | 0.41 | 0.87 | 4.75 | 1.16 | |
Interest | 2.98 | 2.91 | 5.29 | 4.44 | 3.28 | 2.16 | 1.94 | 0.86 | 0.82 | 0.54 | 0.19 | 0.08 |
Depreciation | 2.32 | 4.09 | 2.93 | 2.99 | 2.75 | 3.17 | 2.84 | 4.95 | 4.55 | 3.08 | 2.63 | 1.91 |
Profit before tax | 3.59 | 5.36 | 10.18 | 3.11 | 2.44 | 1.28 | 1.30 | 0.75 | 0.41 | 1.22 | 3.31 | -0.90 |
Tax % | 27.86% | 43.28% | 17.19% | 31.51% | 31.56% | 34.38% | 23.08% | 21.33% | 48.78% | 30.33% | 31.12% | -40.00% |
2.59 | 3.03 | 8.44 | 2.13 | 1.67 | 0.84 | 1.00 | 0.59 | 0.21 | 0.85 | 2.28 | -1.26 | |
EPS in Rs | 0.53 | 0.62 | 1.72 | 0.43 | 0.34 | 0.17 | 0.20 | 0.12 | 0.04 | 0.17 | 0.46 | -0.26 |
Dividend Payout % | 94.98% | 81.19% | 29.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | -18% |
5 Years: | -13% |
3 Years: | -14% |
TTM: | -58% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -425% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | 42% |
3 Years: | 70% |
1 Year: | 120% |
Return on Equity | |
---|---|
10 Years: | 3% |
5 Years: | 0% |
3 Years: | 0% |
Last Year: | -2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 24.60 | 24.60 | 24.60 | 24.60 | 24.60 | 24.60 | 24.60 | 24.60 | 24.60 | 24.60 | 24.60 | 24.60 |
Reserves | 17.62 | 17.78 | 23.25 | 25.37 | 27.04 | 27.89 | 28.89 | 29.48 | 29.69 | 30.54 | 32.82 | 31.56 |
29.43 | 41.76 | 66.18 | 48.57 | 22.84 | 25.11 | 22.54 | 6.50 | 7.35 | 10.38 | 0.00 | 0.00 | |
23.15 | 18.27 | 11.83 | 5.77 | 10.23 | 3.06 | 3.12 | 3.78 | 2.34 | 2.98 | 2.02 | 2.71 | |
Total Liabilities | 94.80 | 102.41 | 125.86 | 104.31 | 84.71 | 80.66 | 79.15 | 64.36 | 63.98 | 68.50 | 59.44 | 58.87 |
32.21 | 30.71 | 29.57 | 27.20 | 29.03 | 25.88 | 27.06 | 30.68 | 26.40 | 23.61 | 19.65 | 13.85 | |
CWIP | 11.46 | 13.63 | 11.85 | 12.50 | 11.45 | 11.44 | 11.44 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.03 | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.85 | 0.05 | 5.62 | 8.04 |
51.10 | 58.05 | 84.42 | 64.61 | 44.23 | 43.34 | 40.65 | 33.68 | 32.73 | 44.84 | 34.17 | 36.98 | |
Total Assets | 94.80 | 102.41 | 125.86 | 104.31 | 84.71 | 80.66 | 79.15 | 64.36 | 63.98 | 68.50 | 59.44 | 58.87 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
12.26 | -3.42 | -14.87 | 20.99 | 34.12 | -1.61 | 8.67 | 10.80 | 5.91 | -8.16 | 10.14 | 0.11 | |
-8.88 | -2.62 | 0.18 | -1.03 | -3.36 | 0.14 | -3.98 | 3.76 | -5.10 | 5.16 | 0.12 | -0.01 | |
-0.31 | 5.65 | 14.34 | -20.27 | -30.43 | 1.13 | -2.62 | -16.81 | -0.79 | 2.95 | -10.15 | 0.06 | |
Net Cash Flow | 3.07 | -0.39 | -0.35 | -0.31 | 0.33 | -0.34 | 2.07 | -2.25 | 0.03 | -0.05 | 0.12 | 0.17 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 37.27 | 37.05 | 30.60 | 52.01 | 95.15 | 31.72 | 15.34 | 78.35 | 106.47 | 52.18 | 2.94 | 4.53 |
Inventory Days | 154.09 | 129.21 | 232.26 | 159.37 | 95.62 | 383.47 | 415.43 | 200.10 | 157.90 | 418.82 | 134.50 | 551.01 |
Days Payable | 88.34 | 24.99 | 8.25 | 3.36 | 10.92 | 4.90 | 8.31 | 6.78 | 13.52 | 16.79 | 5.19 | 7.01 |
Cash Conversion Cycle | 103.01 | 141.28 | 254.61 | 208.03 | 179.84 | 410.30 | 422.46 | 271.67 | 250.85 | 454.21 | 132.24 | 548.53 |
Working Capital Days | 84.95 | 97.55 | 188.58 | 165.45 | 125.18 | 356.88 | 375.51 | 333.75 | 391.00 | 448.20 | 193.06 | 665.49 |
ROCE % | 11.22% | 10.30% | 15.97% | 7.10% | 6.61% | 4.52% | 4.22% | 1.01% | 2.01% | 2.75% | -0.36% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
19 Apr - Newspaper publication of Financial Results for the quarter and year ended 31st March, 2024.
- Board Meeting Outcome for Financials Results For The Quarter And Year Ended 31St March, 2024 18 Apr
- Financial Results For The Quarter And Year Ended 31St March, 2024 18 Apr
-
Cessation of Wholly owned Subsidiary i.e Surana Technologies Private Limited
16 Apr - Surana Solar Ltd has informed BSE regarding Cessation of Wholly owned Subsidiary i.e Surana Technologies Private Limited.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 15 Apr
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2011
from nse
Business Overview:[1][2]
SSL is a part of the Surana Group. It is a manufacturer of Solar Photovoltaic Modules and is also into EPC of Power Projects on turnkey basis on MW scale. It offers grid connected and grid off Photovoltaic Power plants in open
areas and provides engineering, procurement and construction within a range of 1 MW to 15 MW