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Surana Solar Overview

Surana Solar Limited, incorporated on November 8, 2006, is a listed public company located in Hyderabad, Telangana. They operate in the renewable energy sector, specifically focusing on manufacturing solar photovoltaic panels. Company also undertakes engineering, procurement, and construction (EPC) contracts for setting up solar energy systems. It is a part of the Surana Group, which was founded in 1978 and is one of India’s leading industrial companies with a diversified focus on telecommunications, copper products, power cables, and in...Read More

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Surana Solar Key Financials

Market Cap ₹138 Cr.

Stock P/E -2618.4

P/B 2.4

Current Price ₹28

Book Value ₹ 11.4

Face Value 5

52W High ₹41.5

Dividend Yield 0%

52W Low ₹ 18.3

Surana Solar Share Price

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Volume
Price

Surana Solar Quarterly Price

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Surana Solar Peer Comparison

Surana Solar Quarterly Results

#(Fig in Cr.) Mar 2025 Jun 2025
Net Sales 3 2
Other Income 0 2
Total Income 3 4
Total Expenditure 4 4
Operating Profit -1 1
Interest 0 0
Depreciation 0 0
Exceptional Income / Expenses 0 0
Profit Before Tax -1 0
Provision for Tax -0 0
Profit After Tax -1 0
Adjustments -0 0
Profit After Adjustments -1 0
Adjusted Earnings Per Share -0.2 0

Surana Solar Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2025 TTM
Net Sales 95 39 5
Other Income 1 1 2
Total Income 96 40 7
Total Expenditure 86 38 8
Operating Profit 10 2 0
Interest 3 0 0
Depreciation 3 2 0
Exceptional Income / Expenses 0 0 0
Profit Before Tax 4 -0 -1
Provision for Tax 1 -0 0
Profit After Tax 3 -0 -1
Adjustments 0 0 0
Profit After Adjustments 3 -0 -1
Adjusted Earnings Per Share 0.5 -0 -0.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -59% 0% 0% 0%
Operating Profit CAGR -80% 0% 0% 0%
PAT CAGR -100% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -17% 14% 26% 2%
ROE Average -0% 3% 3% 3%
ROCE Average 0% 5% 5% 5%

Surana Solar Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2025
Shareholder's Funds 42 56
Minority's Interest 0 0
Borrowings 18 0
Other Non-Current Liabilities 1 0
Total Current Liabilities 40 3
Total Liabilities 100 60
Fixed Assets 32 10
Other Non-Current Assets 18 16
Total Current Assets 49 33
Total Assets 100 60

Surana Solar Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2025
Opening Cash & Cash Equivalents 2 0
Cash Flow from Operating Activities 18 2
Cash Flow from Investing Activities -14 5
Cash Flow from Financing Activities -0 -6
Net Cash Inflow / Outflow 3 1
Closing Cash & Cash Equivalent 5 1

Surana Solar Ratios

# Mar 2013 Mar 2025
Earnings Per Share (Rs) 0.52 -0.01
CEPS(Rs) 1.16 0.3
DPS(Rs) 0.5 0
Book NAV/Share(Rs) 8.58 11.4
Core EBITDA Margin(%) 9.31 1.14
EBIT Margin(%) 6.76 0.25
Pre Tax Margin(%) 3.69 -0.18
PAT Margin (%) 2.65 -0.14
Cash Profit Margin (%) 5.88 3.8
ROA(%) 2.58 -0.07
ROE(%) 6.11 -0.11
ROCE(%) 9.16 0.15
Receivable days 35.5 46.75
Inventory Days 112.97 215.46
Payable days 115.72 121.23
PER(x) 26.33 0
Price/Book(x) 1.61 2.82
Dividend Yield(%) 3.62 0
EV/Net Sales(x) 0.97 4.03
EV/Core EBITDA(x) 9.51 96.41
Net Sales Growth(%) 0 -59.12
EBIT Growth(%) 0 -98.53
PAT Growth(%) 0 -102.04
EPS Growth(%) 0 -102.04
Debt/Equity(x) 0.7 0
Current Ratio(x) 1.25 9.61
Quick Ratio(x) 0.49 5.08
Interest Cover(x) 2.2 0.59
Total Debt/Mcap(x) 0.43 0

Surana Solar Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 62.31 49.95 46.68 42.89 42.89 43.2 43.2 43.31 43.71 44.34
FII 0 0 0.19 0.3 0.02 0.18 0.35 0 0.03 0
DII 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04
Public 37.65 50.02 53.09 56.78 57.05 56.58 56.42 56.65 56.23 55.62
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Surana Solar News

Surana Solar Pros & Cons

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 44.34%.
  • Company has a low return on equity of 3% over the last 3 years.
  • Debtor days have increased from 115.72 to 121.23days.
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