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Consolidated Standalone

Bright Solar

₹8.7 0 | 0%

WEBSITE BSE:0 NSE : 17 May, 00:00

Market Cap ₹22 Cr.

Stock P/E

P/B 0.6

Current Price ₹8.7

Book Value ₹ 14.2

Face Value 10

52W High ₹12.5

Dividend Yield 0%

52W Low ₹ 4.7

Edit Ratio

Bright Solar Research see more...

Overview Inc. Year: 2010Industry: Compressors / Pumps

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, solar rooftop photovoltaic structures, and different solar products. Further, it gives consultancy services for projects and tenders; and undertakes water supply, sewerage, and infra projects. The company was founded in 2010 and is based in Ahmedabad, India.

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Bright Solar Share Price

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Price

Quarterly Price

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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 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 22 28 48 15 18 40 57 23 24 7 24
Other Income 1 0 0 0 0 0 0 0 0 0 0
Total Income 22 28 48 15 18 40 58 24 25 7 24
Total Expenditure 22 28 44 14 15 30 54 22 24 15 24
Operating Profit 1 1 3 2 3 10 4 1 1 -7 0
Interest 0 0 0 1 1 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 0 -0
Profit Before Tax 1 1 3 1 3 10 4 1 0 -7 0
Provision for Tax 0 0 1 0 1 3 2 1 0 -0 0
Profit After Tax 0 1 2 1 2 6 2 1 0 -7 0
Adjustments 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 1 2 1 2 6 2 1 0 -7 0
Adjusted Earnings Per Share 0 0 1.9 0.5 1.1 4.1 1.1 0.3 0.1 -3.6 0

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 243% 1% -10% 1%
Operating Profit CAGR 0% -100% -100% -100%
PAT CAGR 0% -100% -100% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 77% -7% -14% NA%
ROE Average 0% -7% -2% 25%
ROCE Average 0% -6% -0% 17%

Bright Solar Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 1 1 4 9 10 16 38 38 38 31 31
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 5 1 5 1 1 1 0 0 0 1 0
Other Non-Current Liabilities 0 0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Total Current Liabilities 14 6 30 13 22 12 12 15 12 10 16
Total Liabilities 20 8 39 22 33 30 51 53 50 41 47
Fixed Assets 0 0 0 0 0 0 1 4 4 4 4
Other Non-Current Assets 0 0 0 1 3 10 15 11 12 14 7
Total Current Assets 20 8 39 21 29 19 34 37 33 23 36
Total Assets 20 8 39 22 33 30 51 53 50 41 47

Bright Solar Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 0 1 1 1 1 2 1 0 2 1 0
Cash Flow from Operating Activities -4 5 -5 3 1 6 -12 2 0 1 -8
Cash Flow from Investing Activities -0 -0 0 -1 0 -8 -7 -0 -1 -1 8
Cash Flow from Financing Activities 4 -5 5 -1 -1 0 18 -0 -0 0 -0
Net Cash Inflow / Outflow 0 0 0 2 0 -1 -0 1 -1 -0 -0
Closing Cash & Cash Equivalent 1 1 1 3 2 1 0 2 1 0 0

Bright Solar Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 0 0 1.86 0.47 1.14 4.14 1.15 0.25 0.09 -3.61 0.03
CEPS(Rs) 3.86 2.48 1.96 0.52 1.18 4.16 1.21 0.32 0.14 -3.56 0.08
DPS(Rs) 0 0 1.25 1 1 0.1 0.1 0.1 0.01 0 0
Book NAV/Share(Rs) 0 0 3.89 5.77 6.79 10.74 18.06 18.33 18.46 14.98 15.11
Core EBITDA Margin(%) -1.5 1.98 6.99 8.55 16.85 24.3 6.62 4.76 1.83 -104.39 -1
EBIT Margin(%) 2.39 2.72 6.87 10.94 17.11 24.97 7.14 4.91 2.4 -101.72 0.45
Pre Tax Margin(%) 2.35 2.63 6.23 6.96 14.18 24.13 7.01 4.54 1.16 -102.62 0.27
PAT Margin (%) 1.76 1.93 4.12 4.69 9.49 15.67 4.08 2.2 0.72 -102.61 0.23
Cash Profit Margin (%) 1.79 2.2 4.34 5.21 9.8 15.76 4.3 2.77 1.19 -101.04 0.68
ROA(%) 1.92 3.88 8.36 2.31 6.25 19.9 5.82 0.99 0.34 -16.18 0.12
ROE(%) 74.46 62.92 73.8 11.04 18.15 47.16 8.84 1.39 0.47 -21.62 0.18
ROCE(%) 8.59 19.35 53.8 14.76 24.82 65.06 14.96 3.06 1.54 -20.21 0.32
Receivable days 226.53 124.2 158.64 492.95 199.42 128.78 75.67 223.81 201.93 391.14 146.41
Inventory Days 53.03 23.9 6.12 22.79 0 30.58 26.47 116.57 144.35 294.74 55.14
Payable days 225.58 105.01 117.17 438.81 207.54 130.27 70.36 197.13 118.68 99.63 100.23
PER(x) 0 0 0 0 0 0 21.78 37.58 134.84 0 210.23
Price/Book(x) 0 0 0 0 0 0 1.38 0.52 0.63 0.38 0.37
Dividend Yield(%) 0 0 0 0 0 0 0.4 1.05 0.09 0 0
EV/Net Sales(x) 0.23 0.01 0.13 0.15 0.08 0.37 0.85 0.69 0.87 1.7 0.46
EV/Core EBITDA(x) 9.65 0.2 1.89 1.33 0.43 1.49 11.52 12.48 30.24 -1.7 51.6
Net Sales Growth(%) 0 30.72 69.62 -68.54 19.91 119.55 45.06 -59.24 4.51 -70.62 228.06
EBIT Growth(%) 0 48.99 328.15 -49.95 87.59 220.49 -58.51 -71.91 -48.92 -1342.35 101.44
PAT Growth(%) 0 42.79 262.63 -64.17 142.55 262.6 -62.26 -77.97 -65.82 -4283.18 100.73
EPS Growth(%) 0 0 -14.47 -74.68 142.56 262.6 -72.25 -77.97 -65.82 -4283.91 100.73
Debt/Equity(x) 10.75 0.59 1.5 0.39 0.26 0.09 0.01 0.02 0.01 0.12 0.06
Current Ratio(x) 1.42 1.23 1.28 1.66 1.33 1.57 2.76 2.49 2.79 2.36 2.26
Quick Ratio(x) 1.2 1.14 1.24 1.6 1.33 1.29 2.36 1.81 2 2.13 1.96
Interest Cover(x) 68.67 29.51 10.6 2.75 5.84 29.63 52.45 13.42 1.94 -113.17 2.55
Total Debt/Mcap(x) 0 0 0 0 0 0 0.01 0.04 0.02 0.31 0.13

Bright Solar Shareholding Pattern

# Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Dec 2023
Promoter 70.02 70.02 66.96 62.24 24.73 0.24 0.24 0.24 0.2 0.2
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 29.98 29.98 33.04 37.76 75.27 99.76 99.76 99.76 99.8 99.8
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Stock is trading at 0.6 times its book value
  • Company has reduced debt.
  • 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 99.63 to 100.23days.
  • The company has delivered a poor profit growth of -100% over past five years.

* 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.

Bright Solar News

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