Surana Solar Ltd.

•

suranasolar.comBSE: 533298NSE: SURANASOL

Market Cap₹ 125 Cr.

Current Price

High / Low₹ 36 / 18

Stock P/E—

Book Value₹ 11

Price to Book2.82

Dividend Yield0.00 %

ROCE0.2 %

ROE-0.1 %

Face Value₹ 5

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Solar Products: 99.3% • Wind Power: 0.7%

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

View full sector analysis →

PROS

Company is almost debt free

CONS

Company is loss-making at the operating / net level
Interest coverage is weak at 0.6x - earnings barely cover interest
Working capital days have increased from 37 to 281 days
Inventory has been piling up - inventory days up from 113 to 215
Company's return on assets is weak at -0.1%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsElectricalsElectronics - Components

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	SYRMA	1588.65	83.22	30634.01	0.09	1056.92	2017.23	15886.18	1582.89	17.70	10.17
2.	KAYNES	3500.00	67.87	23462.13	0.00	56.43	-24.37	946.02	40.47	13.38	15.60
3.	AVALON	2265.95	113.44	15155.19	0.00	34.87	145.31	484.41	49.83	20.34	11.96
4.	UTLSOLAR	446.70	46.58	13709.30	0.00	577.94	—	13456.93	—	36.46	18.94
5.	CYIENTDLM	904.15	87.42	7177.45	0.00	16.29	118.21	373.80	34.25	10.41	9.93
6.	VIKRAMSOLR	166.80	16.94	6044.07	0.00	19.78	-85.17	1563.09	37.89	34.07	8.06
7.	SAATVIKGL	396.30	20.30	5037.17	0.00	5.36	-95.49	511.01	-44.20	55.18	6.62
8.	WEBELSOLAR	75.79	10.86	3290.52	0.33	77.79	—	372.60	115.39	63.74	33.70
9.	KERNEX	1734.35	15.28	2914.34	0.00	109.85	1382.00	503.58	800.38	23.69	32.33
10.	MODINSULAT	449.50	22.51	2119.12	0.00	29.60	94.43	188.30	33.19	10.53	16.89
11.	INA	93.04	10.24	2051.08	0.00	38.02	—	740.70	86.68	34.98	9.74
12.	SURANASOL	25.45	19.56	125.23	0.00	0.12	—	2.09	—	0.15	-86.60

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2025	Jun 2025
	3	2
	4	4
Operating Profit	-1	-2
OPM %	-43.65%	-86.12%
	0	2
Interest	0	0
Depreciation	0	0
Profit before Tax	-1	0
Tax %	24.77%	42.86%
Net Profit	-1	0
	-0.17	0.03

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2025
	95	39
	86	38
Operating Profit	9	0
OPM %	9.53%	1.14%
	1	1
Interest	3	0
Depreciation	3	2
Profit before Tax	4	-0
Tax %	27.97%	23.32%
Net Profit	3	-0
EPS	0.00	-0.01
Dividend Payout %	95.38%	0.00%

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: 1%
5 Years:: 15%
3 Years:: 3%
1 Year:: -28%

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	25	25
	18	32
	29	0
Trade Payables	23	0
	6	3
Total Liabilities	100	60
	32	10
Capital Work in Progress	17	1
	0	5
	30	16
	0	0
Cash & Bank	5	2
	16	25
Total Assets	100	60

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2025
	18	2
Cash from Investing	-14	5
Cash from Financing	-0	-6
	3	1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	46.68	42.89	42.89	43.20	43.20	43.31	43.71	44.34	45.75
	0.19	0.29	0.02	0.17	0.35	0.00	0.03	0.00	0.15
	0.03	0.03	0.03	0.03	0.04	0.04	0.04	0.04	0.04
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	53.09	56.78	57.05	56.58	56.42	56.65	56.23	55.62	54.06

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

Copy of Newspaper Publication

2026-09-10 - Surana Solar Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-05

Copy of Newspaper Publication

2026-09-05 - Surana Solar Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-04

Shareholders meeting

2026-09-04 - Surana Solar Limited has informed the Exchange regarding Notice of undefined to be held on September 28, 2026

2026-08-31

Copy of Newspaper Publication

2026-08-31 - Surana Solar Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-29

Record Date

2026-08-29 - Surana Solar Limited has informed the Exchange that Record date for the purpose of Meeting is 21-Sep-2026.

2026-08-29

General Updates

2026-08-29 - Surana Solar Limited has informed the Exchange about General Updates

2026-08-29

Appointment

2026-08-29 - Surana Solar Limited has informed the Exchange regarding Appointment of Mr SHEKARNATH as Other of the company w.e.f. August 29, 2026.

2026-08-29

Outcome of Board Meeting

2026-08-29 - Surana Solar Limited has informed the Exchange regarding Outcome of Board Meeting held on August 29, 2026.

2026-07-27

Copy of Newspaper Publication

2026-07-27 - Surana Solar Limited has informed the Exchange about Copy of Newspaper Publication

News

Recent coverage and analyst commentary for SURANASOL

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Surana Solar Ltd.

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Free 5nance Account

Name

SYRMA

1588.65

83.22

30634.01

0.09

1056.92

2017.23

15886.18

1582.89

17.70

10.17

KAYNES

3500.00

67.87

23462.13

0.00

56.43

-24.37

946.02

40.47

13.38

15.60

AVALON

2265.95

113.44

15155.19

0.00

34.87

145.31

484.41

49.83

20.34

11.96

UTLSOLAR

446.70

46.58

13709.30

0.00

577.94

—

13456.93

—

36.46

18.94

CYIENTDLM

904.15

87.42

7177.45

0.00

16.29

118.21

373.80

34.25

10.41

9.93

VIKRAMSOLR

166.80

16.94

6044.07

0.00

19.78

-85.17

1563.09

37.89

34.07

8.06

SAATVIKGL

396.30

20.30

5037.17

0.00

5.36

-95.49

511.01

-44.20

55.18

6.62

WEBELSOLAR

75.79

10.86

3290.52

0.33

77.79

—

372.60

115.39

63.74

33.70

KERNEX

1734.35

15.28

2914.34

0.00

109.85

1382.00

503.58

800.38

23.69

32.33

MODINSULAT

449.50

22.51

2119.12

0.00

29.60

94.43

188.30

33.19

10.53

16.89

INA

93.04

10.24

2051.08

0.00

38.02

—

740.70

86.68

34.98

9.74

SURANASOL

25.45

19.56

125.23

0.00

0.12

—

2.09

—

0.15

-86.60

Mar 2025

Jun 2025

Operating Profit

-1

-2

OPM %

-43.65%

-86.12%

Interest

Depreciation

Profit before Tax

-1

Tax %

24.77%

42.86%

Net Profit

-1

-0.17

0.03

Mar 2013

Mar 2025

Operating Profit

OPM %

9.53%

1.14%

Interest

Depreciation

Profit before Tax

-0

Tax %

27.97%

23.32%

Net Profit

-0

EPS

0.00

-0.01

Dividend Payout %

95.38%

0.00%

Mar 2013

Mar 2025

Equity Capital

Trade Payables

Total Liabilities

100

Capital Work in Progress

Cash & Bank

Total Assets

100

Mar 2013

Mar 2025

Cash from Investing

-14

Cash from Financing

-0

-6

Mar 2013

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

46.68

42.89

43.20

43.31

43.71

44.34

45.75

0.19

0.29

0.02

0.17

0.35

0.00

0.03

0.00

0.15

0.03

0.04

Government

0.00

53.09

56.78

57.05

56.58

56.42

56.65

56.23

55.62

54.06

Surana Solar Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Surana Solar Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI