Surana Solar Ltd

₹ 27.6 0.69%

06 May - close price

suranaventures.com; www.surana.com BSE: 533298 NSE: SURANASOL

About

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]

Key Points

Business Overview:{# https://www.suranasolar.com/#}
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.

Website BSE NSE

Market Cap ₹ 136 Cr.
Current Price ₹ 27.6
High / Low ₹ 41.5 / 18.3
Stock P/E
Book Value ₹ 11.4
Dividend Yield 0.00 %
ROCE %
ROE -0.20 %
Face Value ₹ 5.00

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Pros

Company is almost debt free.

Cons

Company has low interest coverage ratio.
Earnings include an other income of Rs.1.18 Cr.
Promoter holding has decreased over last 3 years: -20.5%

* 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

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2025	Jun 2025
	2.52	2.09
	3.62	3.90
Operating Profit	-1.10	-1.81
OPM %	-43.65%	-86.60%
	0.42	2.37
Interest	0.05	0.04
Depreciation	0.36	0.31
Profit before tax	-1.09	0.21
Tax %	-24.77%	38.10%
	-0.82	0.12
EPS in Rs	-0.17	0.04
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2025
	92.55	38.80
	82.08	38.35
Operating Profit	10.47	0.45
OPM %	11.31%	1.16%
	-0.78	1.18
Interest	2.98	0.17
Depreciation	3.13	1.53
Profit before tax	3.58	-0.07
Tax %	27.93%	-14.29%
	2.58	-0.05
EPS in Rs	0.52	-0.01
Dividend Payout %	95.35%	0.00%

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	%

Stock Price CAGR
10 Years:	3%
5 Years:	24%
3 Years:	11%
1 Year:	-16%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2025
Equity Capital	24.60	24.60
Reserves	17.61	31.51
	29.43	0.00
	28.50	3.61
Total Liabilities	100.14	59.72
	32.42	10.41
CWIP	16.84	1.24
Investments	0.02	4.96
	50.86	43.11
Total Assets	100.14	59.72

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2025
	17.60	1.51
	-14.20	4.80
	-0.31	-5.72
Net Cash Flow	3.09	0.59
Free Cash Flow	3.11	3.45
CFO/OP	173%	500%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2025
Debtor Days	37.27	4.61
Inventory Days	154.09	165.33
Days Payable	115.71	5.25
Cash Conversion Cycle	75.65	164.68
Working Capital Days	18.61	217.02
ROCE %

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Installed Solar Module Manufacturing Capacity
MW ・Standalone data

xx	xx	xx	xx	xx	xx	xx	xx	xx	xx	xxx
		x.xx			x.xx	x.xx	x.xx	x.xx	x.xx	x.xx
					x	x	xx		xx	xx
				x		x	x
					x.xx	x.xx	x.xx
										xx

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Installed Wind Power Capacity
MW ・Standalone data

Number of Permanent Employees
Count ・Standalone data

Installed Solar Power Generation Capacity
MW ・Standalone data

Rooftop Solar Cumulative Capacity Installed
MW ・Standalone data

Solar Power Project Award (Maharashtra)
MW ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	64.90%	64.54%	62.31%	49.94%	46.68%	42.89%	42.89%	43.21%	43.19%	43.32%	43.72%	44.34%
	0.01%	0.01%	0.01%	0.01%	0.20%	0.30%	0.03%	0.18%	0.35%	0.00%	0.03%	0.00%
	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.04%	0.04%	0.04%	0.04%
	35.07%	35.43%	37.65%	50.02%	53.10%	56.77%	57.05%	56.58%	56.41%	56.65%	56.22%	55.62%
No. of Shareholders	41,408	46,513	55,685	89,630	1,02,931	1,15,104	1,18,585	1,19,928	1,19,547	1,18,558	1,14,555	1,11,425

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	70.61%	65.98%	67.66%	69.09%	70.19%	65.23%	64.85%	49.94%	43.21%	44.34%
	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.18%	0.00%
	0.24%	0.23%	0.04%	0.05%	0.04%	0.04%	0.03%	0.03%	0.03%	0.04%
	29.14%	33.77%	32.30%	30.86%	29.77%	34.74%	35.12%	50.02%	56.58%	55.62%
No. of Shareholders	13,071	15,053	14,002	13,590	15,544	40,413	40,379	89,630	1,19,928	1,11,425

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Surana Solar Ltd

Surana Solar Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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