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Bright Solar Overview

Bright Solar Ltd manufactures and sells solar pump and solar pumping structures in India. The agency is concerned in assembling DC/AC solar pumps and solar pump systems below the PUMPMAN, BRIGHT SOLAR, and BRIGHT SOLAR WATER PUMP logo name. It also undertakes engineering, procurement, and construction contracts of solar photovoltaic water pumps, which include imparting, putting in, and commissioning of the pump machine with maintenance contract. In addition, the corporation presents solar pumping controller inverters, solar panels/modules, sola...Read More

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Bright Solar Key Financials

Market Cap ₹21 Cr.

Stock P/E 353.2

P/B 0.6

Current Price ₹8.4

Book Value ₹ 14.2

Face Value 10

52W High ₹0

Dividend Yield 0%

52W Low ₹ 0

Bright Solar Share Price

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Volume
Price

Bright Solar Quarterly Price

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Bright Solar Peer Comparison

Bright Solar Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Bright Solar Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 48 15 18 40 57 23 24 7 24 10 2
Other Income 0 0 0 0 0 0 0 0 0 0 0
Total Income 48 15 18 40 58 24 25 7 24 10 2
Total Expenditure 44 14 15 30 54 22 24 15 24 13 2
Operating Profit 3 2 3 10 4 1 1 -7 0 -3 0
Interest 0 1 1 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses -0 0 0 0 0 0 0 0 -0 -3 0
Profit Before Tax 3 1 3 10 4 1 0 -7 0 -6 0
Provision for Tax 1 0 1 3 2 1 0 -0 0 0 0
Profit After Tax 2 1 2 6 2 1 0 -7 0 -6 0
Adjustments 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 2 1 2 6 2 1 0 -7 0 -6 0
Adjusted Earnings Per Share 1.9 0.5 1.1 4.1 1.1 0.3 0.1 -3.6 0 -2.4 0

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -80% -34% -39% -27%
Operating Profit CAGR 0% 0% -100% -100%
PAT CAGR 0% 0% -100% -100%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 1% 19% -4% NA%
ROE Average 0% -7% -8% 11%
ROCE Average 1% -6% -7% 13%

Bright Solar Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 4 9 10 16 38 38 38 31 31 29 29
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 5 1 1 1 0 0 0 1 0 1 1
Other Non-Current Liabilities -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Total Current Liabilities 30 13 22 12 12 15 12 10 16 7 7
Total Liabilities 39 22 33 30 51 53 50 41 47 37 38
Fixed Assets 0 0 0 0 1 4 4 4 4 0 0
Other Non-Current Assets 0 1 3 10 15 11 12 14 7 18 18
Total Current Assets 39 21 29 19 34 37 33 23 36 19 19
Total Assets 39 22 33 30 51 53 50 41 47 37 38

Bright Solar Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 1 1 2 1 0 2 1 0 0 2
Cash Flow from Operating Activities -5 3 1 6 -12 2 0 1 -8 -5 -1
Cash Flow from Investing Activities 0 -1 0 -8 -7 -0 -1 -1 8 2 -0
Cash Flow from Financing Activities 5 -1 -1 0 18 -0 -0 0 -0 4 0
Net Cash Inflow / Outflow 0 2 0 -1 -0 1 -1 -0 -0 1 -1
Closing Cash & Cash Equivalent 1 3 2 1 0 2 1 0 0 2 0

Bright Solar Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.86 0.47 1.14 4.14 1.15 0.25 0.09 -3.61 0.03 -2.4 0.02
CEPS(Rs) 1.96 0.52 1.18 4.16 1.21 0.32 0.14 -3.56 0.08 -2.37 0.04
DPS(Rs) 0.13 0.1 0.1 0.1 0.1 0.1 0.01 0 0 0 0
Book NAV/Share(Rs) 3.89 5.77 6.79 10.74 18.06 18.33 18.46 14.98 15.11 11.77 11.8
Core EBITDA Margin(%) 6.99 8.55 16.85 24.3 6.62 4.76 1.83 -104.39 -1 -37.54 -9.95
EBIT Margin(%) 6.87 10.94 17.11 24.97 7.14 4.91 2.4 -101.72 0.45 -62.55 9.49
Pre Tax Margin(%) 6.23 6.96 14.18 24.13 7.01 4.54 1.16 -102.62 0.27 -62.86 8.29
PAT Margin (%) 4.12 4.69 9.49 15.67 4.08 2.2 0.72 -102.61 0.23 -62.86 3.1
Cash Profit Margin (%) 4.34 5.21 9.8 15.76 4.3 2.77 1.19 -101.05 0.68 -62.09 4.79
ROA(%) 8.36 2.31 6.25 19.9 5.82 0.99 0.34 -16.18 0.12 -14.23 0.16
ROE(%) 73.8 11.04 18.15 47.16 8.84 1.39 0.47 -21.62 0.18 -19.91 0.2
ROCE(%) 53.8 14.76 24.82 65.06 14.96 3.06 1.54 -20.21 0.32 -18.93 0.59
Receivable days 158.64 492.95 199.42 128.78 75.67 223.81 201.93 391.14 146.41 430.15 2008.14
Inventory Days 6.12 22.79 0 30.58 26.47 116.57 144.35 294.74 55.14 121.27 197.69
Payable days 117.17 438.81 207.54 130.27 70.36 197.13 118.68 99.63 100.23 193.62 697.97
PER(x) 0 0 0 0 21.78 37.58 134.84 0 210.23 0 0
Price/Book(x) 0 0 0 0 1.38 0.52 0.63 0.38 0.37 0.69 0
Dividend Yield(%) 0 0 0 0 0.4 1.05 0.09 0 0 0 0
EV/Net Sales(x) 0.13 0.15 0.08 0.37 0.85 0.69 0.87 1.7 0.46 1.85 12.32
EV/Core EBITDA(x) 1.89 1.33 0.43 1.49 11.52 12.48 30.24 -1.7 51.6 -5.27 486.02
Net Sales Growth(%) 69.62 -68.54 19.91 119.55 45.06 -59.24 4.51 -70.62 228.06 -59.53 -80.04
EBIT Growth(%) 328.15 -49.95 87.59 220.49 -58.51 -71.91 -48.92 -1342.35 101.44 -5756.78 103.03
PAT Growth(%) 262.63 -64.17 142.55 262.6 -62.26 -77.97 -65.82 -4283.18 100.73 0 100.99
EPS Growth(%) -14.47 -74.68 142.56 262.6 -72.25 -77.97 -65.82 -4283.91 100.73 -9187.88 100.98
Debt/Equity(x) 1.5 0.39 0.26 0.09 0.01 0.02 0.01 0.12 0.06 0.03 0.03
Current Ratio(x) 1.28 1.66 1.33 1.57 2.76 2.49 2.79 2.36 2.26 2.78 2.68
Quick Ratio(x) 1.24 1.6 1.33 1.29 2.36 1.81 2 2.13 1.96 2.57 2.59
Interest Cover(x) 10.6 2.75 5.84 29.63 52.45 13.42 1.94 -113.17 2.55 -199.6 7.93
Total Debt/Mcap(x) 0 0 0 0 0.01 0.04 0.02 0.31 0.13 0.05 0

Bright Solar Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Mar 2026
Promoter 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0.01 0.01 0.01 0.01 0.01
Public 99.8 99.8 99.8 99.8 99.8 99.79 99.79 99.79 99.79 99.79
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Bright Solar News

Bright Solar Pros & Cons

Pros

  • Stock is trading at 0.6 times its book value
  • Company is almost debt free.

Cons

  • Promoter holding is low: 0.2%.
  • Company has a low return on equity of -7% over the last 3 years.
  • Debtor days have increased from 193.62 to 697.97days.
  • The company has delivered a poor profit growth of -100% over past five years.
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