Surana Solar Limited

Surana Solar Limited

22.52
INR
+0.58
(+2.64%)
1.23EPS
21.93P/E
1.33BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
25.69
25.48
24.02
17.09
7.95
7.06
6.74
5.68
5.05
8.57
3.66
7.89
4.23
7.1
Basic EPS, GAAP
0.62
1.71
0.43
0.34
0.17
0.2
0.12
0.04
0.17
0.46
-0.26
0.01
0.25
1.23
Free Cash Flow per Basic Share
-3.68
-1.3
4.01
6.18
-0.33
0.95
2
1.15
-1.72
1.99
0.02
0.05
-2.13
- -
Dividend per Share
0.57
0.57
0.59
- -
- -
0.01
0.01
0.01
0.01
0.01
- -
- -
- -
- -
Book Value per Share
8.61
9.72
10.16
10.5
10.67
10.87
10.99
11.03
11.21
11.67
11.41
11.43
11.68
- -
Tangible Book Value per Share
8.6
9.72
10.16
10.5
10.67
10.87
10.99
11.03
11.21
11.67
11.41
11.43
11.68
- -
Basic Weighted Avg Shares
49
49
49
49
49
49
49
49
49
49
48
49
49
50
Sales/Revenue/Turnover
1,264
1,254
1,182
841
391
347
332
279
248
422
177
388
208
354
Operating Margin (%)
5.4
12.1
5.8
6.53
7.82
6.12
5.37
2.98
3.58
-2.36
-11.21
-2.18
-23.14
-5.41
Depreciation Expense
29
29
30
27
31
28
49
45
30
26
18
15
20
20
Net Income, GAAP
30
84
21
17
8
10
6
2
8
23
-13
1
12
61
Effective Tax Rate (%)
43.31
17.17
31.51
31.73
34.2
23.11
21.38
48.16
30.6
31.04
- -
- -
20.54
14.75
Profit Margin (%)
2.4
6.73
1.8
1.99
2.15
2.89
1.78
0.76
3.41
5.42
-7.11
0.15
5.95
17.33
Working Capital
147
186
258
164
272
356
242
286
207
281
327
300
214
- -
LT Debt
161
119
149
44
112
197
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
424
479
500
516
525
535
541
543
551
574
562
562
575
- -
Return on Invested Capital (%)
3.63
8.4
1.42
1.64
2.47
1.98
1.76
0.7
0.97
-1.31
- -
- -
-6.74
- -
Return on Capital (%)
5.13
11.55
3.83
3.73
2.07
3.13
1.73
0.92
1.56
3.82
- -
- -
2.3
- -
Return on Common Equity (%)
7.17
18.7
4.35
3.29
1.62
1.89
1.1
0.39
1.55
4.06
-2.22
0.1
2.18
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
49
49
49
Market Capitalization
1,310
924
1,327

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
311
- -
Cash, Cash Equivalents & STI
- -
58
- -
Accounts Receivable, Net
- -
6
- -
Inventories
- -
182
- -
Total Current Liabilities
- -
97
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.42%
1.16%
2.2%
Free Cash Flow
-478.06%
-882.55%
-3,986.75%
Net Income, GAAP
207.31%
446.08%
2,019.15%
Sales/Revenue/Turnover
-4.03%
14.71%
-46.3%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
114
143
106
25
388
2026
21
- -
26
136
208
2027
172
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.06
0.07
0.03
-0.17
0.01
2026
0.06
- -
0.04
0.04
0.25
2027
1.11
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

CEO
Baunakar Shekarnath
Full Time Employees
68
Sector
Electronic technology
Industry
Semiconductors
Address
Plot No.212/3 & 4 Hyderabad TS India 500051
IPO Date
Jan 6, 2011
Business
Surana Solar Limited manufactures and sells solar panels and solar photovoltaic (PV) modules under the Surana Solar brand in India and internationally; it operates through Renewable Energy and Trading & Others segments, engaging in generation of wind and solar power energy, trading of other solar related products, and infrastructure leasing activities. The company provides engineering, procurement, and construction (EPC) services for power projects on a turnkey basis on MW scale; solar lighting products, including home lighting systems and solar street lighting products; and solar lanterns for use in street, industrial site, travelling, house, and garden applications. It maintains manufacturing units at Cherlapally with an installed capacity of 40 MW and Fabcity with 20 MW for solar PV modules. Surana Solar Limited, incorporated in 2006 and headquartered in Hyderabad, India, was formerly known as Surana Ventures Limited and forms part of the Surana Group founded in 1978. In November 2024, the company incorporated Surana Technologies Private Limited as a wholly owned subsidiary to expand capabilities in trading, distribution, supply, generation, transmission, and manufacturing of solar-related products, particularly for executing solar projects. In May 2025, its board approved the divestment of a 49% equity stake in Surana Technologies to Baidyanath Power Private Limited for approximately Rs 2.03 crore, with the transaction expected to complete by May 30, 2025, after which Surana Technologies continues as a non-wholly owned subsidiary developing a 54 MW solar power project in Maharashtra.