Surana Solar Ltd.
•₹ 25.850.43%
2026-08-21
PROS
- Company is almost debt free
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 10.65x)
- Working capital cycle has improved - days down from 673 to 283
- Company generates healthy free cash flow
CONS
- A large part of profit comes from other income (2771.6% of PBT)
- Company has a low return on capital employed of 1.5%
- Company has a low return on equity of 0.6% over last 3 years
- Interest coverage is weak at 1.3x - earnings barely cover interest
- Effective tax rate is unusually low at -37.3% - earnings may be flattered
- Operating margins have contracted to 1.4% from 19.5%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | SYRMA | 1443.00 | 75.59 | 27825.44 | 0.10 | 105.69 | 111.72 | 1588.62 | 68.29 | 17.70 | 10.17 |
| 2. | KAYNES | 3823.00 | 74.13 | 25627.35 | 0.00 | 564.26 | 656.26 | 9460.17 | 1304.70 | 13.38 | 15.60 |
| 3. | AVALON | 2242.60 | 112.15 | 14983.20 | 0.00 | 34.87 | 145.31 | 484.41 | 49.83 | 14.12 | 11.96 |
| 4. | UTLSOLAR | 481.20 | 0.00 | 14654.56 | 0.00 | 577.94 | — | 13456.93 | — | 40.63 | 18.94 |
| 5. | VIKRAMSOLR | 171.90 | 17.46 | 6228.87 | 0.00 | 19.78 | -85.17 | 1563.09 | 37.89 | 34.07 | 8.06 |
| 6. | CYIENTDLM | 731.15 | 70.69 | 5804.11 | 0.00 | 16.29 | 118.21 | 373.80 | 34.25 | 10.41 | 9.93 |
| 7. | CENTUM | 3449.60 | 102.62 | 5092.31 | 0.14 | 10.55 | 135.70 | 204.15 | -22.53 | 26.02 | 11.54 |
| 8. | SAATVIKGL | 400.45 | 20.52 | 5089.92 | 0.00 | 5.36 | -95.49 | 511.01 | -44.20 | 55.18 | 6.62 |
| 9. | WEBELSOLAR | 83.04 | 11.90 | 3605.29 | 0.30 | 777.90 | 1511.56 | 3726.00 | 2053.88 | 59.38 | 33.70 |
| 10. | KERNEX | 1836.85 | 16.18 | 3086.57 | 0.00 | 109.85 | 1382.00 | 503.58 | 800.38 | 23.69 | 32.33 |
| 11. | MODINSULAT | 461.55 | 23.11 | 2175.93 | 0.00 | 29.60 | 94.43 | 188.30 | 33.19 | 10.53 | 16.89 |
| 12. | SURANASOL | 25.86 | 0.00 | 127.25 | 0.00 | 0.12 | — | 2.09 | — | 0.15 | -86.60 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7 | 3 | 4 | 4 | 11 | 14 | 11 | 3 | 2 | 3 | 3 | 14 | 17 | |
| 6 | 4 | 4 | 4 | 11 | 14 | 10 | 4 | 4 | 5 | 2 | 14 | 17 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 4 | 0 | 1 | 6 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| 0 | -2 | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 1 | 0 | 0 | 6 | |
| Tax % | 33.33% | 14.12% | 66.67% | 260.00% | 12.50% | 33.33% | 27.27% | 27.55% | 24.32% | 26.03% | 24.14% | -11.76% | 14.60% |
| Net Profit | 0 | -1 | 0 | -0 | 0 | 0 | 0 | -1 | 0 | 1 | 0 | 0 | 5 |
| 0 | -0 | 0 | -0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | |
| Equity Capital | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 7
- 6
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 1
- 0
- Tax %
- 33.33%
- Net Profit
- 0
- 0
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 3
- 4
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 1
- -2
- Tax %
- 14.12%
- Net Profit
- -1
- -0
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 4
- 4
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- 66.67%
- Net Profit
- 0
- 0
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 4
- 4
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- 260.00%
- Net Profit
- -0
- -0
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 11
- 11
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- 12.50%
- Net Profit
- 0
- 0
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 14
- 14
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- 33.33%
- Net Profit
- 0
- 0
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 11
- 10
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- 27.27%
- Net Profit
- 0
- 0
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 3
- 4
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -1
- Tax %
- 27.55%
- Net Profit
- -1
- -0
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 2
- 4
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- 24.32%
- Net Profit
- 0
- 0
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 3
- 5
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 0
- Depreciation
- 1
- 1
- Tax %
- 26.03%
- Net Profit
- 1
- 0
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 3
- 2
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 1
- 0
- Tax %
- 24.14%
- Net Profit
- 0
- 0
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 14
- 14
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 1
- 0
- Tax %
- -11.76%
- Net Profit
- 0
- 0
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 17
- 17
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 0
- Depreciation
- 1
- 6
- Tax %
- 14.60%
- Net Profit
- 5
- 0
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 121 | 87 | 39 | 35 | 33 | 28 | 25 | 42 | 18 | 39 | 36 | |
| 112 | 79 | 33 | 30 | 28 | 23 | 21 | 41 | 18 | 38 | 37 | |
| Operating Profit | 11 | 8 | 7 | 6 | 7 | 6 | 5 | 6 | 1 | 2 | — |
| OPM % | 9 | 10 | 17 | 18 | 20 | 21 | 19 | 15 | 6 | 4 | — |
| Other Income | 1 | 0 | 1 | 1 | 1 | 0 | 1 | 5 | 1 | 1 | 11 |
| Interest | 4 | 3 | 2 | 2 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Depreciation | 3 | 3 | 3 | 3 | 5 | 5 | 3 | 3 | 2 | 2 | 2 |
| 3 | 2 | 1 | 1 | 1 | 0 | 1 | 3 | -1 | 0 | 8 | |
| Tax % | 32 | 32 | 34 | 23 | 21 | 48 | 31 | 31 | -39 | -37 | 15 |
| Net Profit | 2 | 2 | 1 | 1 | 1 | 0 | 1 | 2 | -1 | 0 | 6 |
| EPS | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | — |
Mar 2016
- 121
- 112
- Operating Profit
- 11
- OPM %
- 9
- Other Income
- 1
- Interest
- 4
- Depreciation
- 3
- 3
- Tax %
- 32
- Net Profit
- 2
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2017
- 87
- 79
- Operating Profit
- 8
- OPM %
- 10
- Other Income
- 0
- Interest
- 3
- Depreciation
- 3
- 2
- Tax %
- 32
- Net Profit
- 2
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2018
- 39
- 33
- Operating Profit
- 7
- OPM %
- 17
- Other Income
- 1
- Interest
- 2
- Depreciation
- 3
- 1
- Tax %
- 34
- Net Profit
- 1
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2019
- 35
- 30
- Operating Profit
- 6
- OPM %
- 18
- Other Income
- 1
- Interest
- 2
- Depreciation
- 3
- 1
- Tax %
- 23
- Net Profit
- 1
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2020
- 33
- 28
- Operating Profit
- 7
- OPM %
- 20
- Other Income
- 1
- Interest
- 1
- Depreciation
- 5
- 1
- Tax %
- 21
- Net Profit
- 1
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2021
- 28
- 23
- Operating Profit
- 6
- OPM %
- 21
- Other Income
- 0
- Interest
- 1
- Depreciation
- 5
- 0
- Tax %
- 48
- Net Profit
- 0
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2022
- 25
- 21
- Operating Profit
- 5
- OPM %
- 19
- Other Income
- 1
- Interest
- 1
- Depreciation
- 3
- 1
- Tax %
- 31
- Net Profit
- 1
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2023
- 42
- 41
- Operating Profit
- 6
- OPM %
- 15
- Other Income
- 5
- Interest
- 0
- Depreciation
- 3
- 3
- Tax %
- 31
- Net Profit
- 2
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2024
- 18
- 18
- Operating Profit
- 1
- OPM %
- 6
- Other Income
- 1
- Interest
- 0
- Depreciation
- 2
- -1
- Tax %
- -39
- Net Profit
- -1
- EPS
- -0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2025
- 39
- 38
- Operating Profit
- 2
- OPM %
- 4
- Other Income
- 1
- Interest
- 0
- Depreciation
- 2
- 0
- Tax %
- -37
- Net Profit
- 0
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
TTM
- 36
- 37
- Operating Profit
- —
- OPM %
- —
- Other Income
- 11
- Interest
- 0
- Depreciation
- 2
- 8
- Tax %
- 15
- Net Profit
- 6
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- -11%
- 5 Years:
- 3%
- 3 Years:
- 16%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- -39%
- 5 Years:
- -37%
- 3 Years:
- -59%
STOCK PRICE CAGR
- 10 Years:
- 0%
- 5 Years:
- 15%
- 3 Years:
- 2%
- 1 Year:
- -19%
RETURN ON EQUITY
- 10 Years:
- 2%
- 5 Years:
- 1%
- 3 Years:
- 1%
- Last Year:
- 0%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
| 25 | 27 | 28 | 29 | 29 | 30 | 31 | 33 | 32 | 32 | |
| 31 | 16 | 14 | 3 | 7 | 7 | 10 | 0 | 0 | 0 | |
| Trade Payables | 1 | 2 | 0 | 1 | 0 | 1 | 1 | 1 | 0 | 0 |
| 22 | 15 | 14 | 22 | 3 | 2 | 2 | 2 | 2 | 3 | |
| Total Liabilities | 104 | 85 | 81 | 79 | 64 | 64 | 69 | 59 | 59 | 60 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 27 | 29 | 26 | 27 | 31 | 26 | 24 | 20 | 14 | 10 | |
| Capital Work in Progress | 13 | 11 | 11 | 11 | 0 | 0 | 0 | 0 | 0 | 1 |
| 0 | 0 | 0 | 0 | 0 | 5 | 0 | 6 | 8 | 5 | |
| 42 | 18 | 27 | 28 | 12 | 8 | 21 | 13 | 18 | 16 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cash & Bank | 2 | 4 | 3 | 3 | 0 | 1 | 1 | 0 | 0 | 2 |
| 21 | 23 | 13 | 10 | 21 | 23 | 24 | 21 | 18 | 25 | |
| Total Assets | 104 | 85 | 81 | 79 | 64 | 64 | 69 | 59 | 59 | 60 |
| Total Debt | 49 | 23 | 25 | 23 | 7 | 7 | 10 | 0 | 0 | 0 |
| Net Working Capital | 26 | 16 | 27 | 36 | 24 | 29 | 21 | 28 | 33 | 30 |
| Contingent Liabilities | 3 | 15 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 0 |
| Book Value per Share | 10.16 | 10.50 | 10.67 | 10.87 | 10.99 | 11.03 | 11.21 | 11.67 | 11.41 | 11.43 |
| Face Value | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Total Debt | 49 | 23 | 25 | 23 | 7 | 7 | 10 | 0 | 0 | 0 |
| Net Working Capital | 26 | 16 | 27 | 36 | 24 | 29 | 21 | 28 | 33 | 30 |
| Contingent Liabilities | 3 | 15 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 0 |
| Book Value per Share | 10.16 | 10.50 | 10.67 | 10.87 | 10.99 | 11.03 | 11.21 | 11.67 | 11.41 | 11.43 |
| Face Value | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
Mar 2016
- Equity Capital
- 25
- 25
- 31
- Trade Payables
- 1
- 22
- Total Liabilities
- 104
- 27
- Capital Work in Progress
- 13
- 0
- 42
- 0
- Cash & Bank
- 2
- 21
- Total Assets
- 104
- Total Debt
- 49
- Net Working Capital
- 26
- Contingent Liabilities
- 3
- Book Value per Share
- 10.16
- Face Value
- 5.00
- Total Debt
- 49
- Net Working Capital
- 26
- Contingent Liabilities
- 3
- Book Value per Share
- 10.16
- Face Value
- 5.00
Mar 2017
- Equity Capital
- 25
- 27
- 16
- Trade Payables
- 2
- 15
- Total Liabilities
- 85
- 29
- Capital Work in Progress
- 11
- 0
- 18
- 0
- Cash & Bank
- 4
- 23
- Total Assets
- 85
- Total Debt
- 23
- Net Working Capital
- 16
- Contingent Liabilities
- 15
- Book Value per Share
- 10.50
- Face Value
- 5.00
- Total Debt
- 23
- Net Working Capital
- 16
- Contingent Liabilities
- 15
- Book Value per Share
- 10.50
- Face Value
- 5.00
Mar 2018
- Equity Capital
- 25
- 28
- 14
- Trade Payables
- 0
- 14
- Total Liabilities
- 81
- 26
- Capital Work in Progress
- 11
- 0
- 27
- 0
- Cash & Bank
- 3
- 13
- Total Assets
- 81
- Total Debt
- 25
- Net Working Capital
- 27
- Contingent Liabilities
- 1
- Book Value per Share
- 10.67
- Face Value
- 5.00
- Total Debt
- 25
- Net Working Capital
- 27
- Contingent Liabilities
- 1
- Book Value per Share
- 10.67
- Face Value
- 5.00
Mar 2019
- Equity Capital
- 25
- 29
- 3
- Trade Payables
- 1
- 22
- Total Liabilities
- 79
- 27
- Capital Work in Progress
- 11
- 0
- 28
- 0
- Cash & Bank
- 3
- 10
- Total Assets
- 79
- Total Debt
- 23
- Net Working Capital
- 36
- Contingent Liabilities
- 1
- Book Value per Share
- 10.87
- Face Value
- 5.00
- Total Debt
- 23
- Net Working Capital
- 36
- Contingent Liabilities
- 1
- Book Value per Share
- 10.87
- Face Value
- 5.00
Mar 2020
- Equity Capital
- 25
- 29
- 7
- Trade Payables
- 0
- 3
- Total Liabilities
- 64
- 31
- Capital Work in Progress
- 0
- 0
- 12
- 0
- Cash & Bank
- 0
- 21
- Total Assets
- 64
- Total Debt
- 7
- Net Working Capital
- 24
- Contingent Liabilities
- 0
- Book Value per Share
- 10.99
- Face Value
- 5.00
- Total Debt
- 7
- Net Working Capital
- 24
- Contingent Liabilities
- 0
- Book Value per Share
- 10.99
- Face Value
- 5.00
Mar 2021
- Equity Capital
- 25
- 30
- 7
- Trade Payables
- 1
- 2
- Total Liabilities
- 64
- 26
- Capital Work in Progress
- 0
- 5
- 8
- 0
- Cash & Bank
- 1
- 23
- Total Assets
- 64
- Total Debt
- 7
- Net Working Capital
- 29
- Contingent Liabilities
- 1
- Book Value per Share
- 11.03
- Face Value
- 5.00
- Total Debt
- 7
- Net Working Capital
- 29
- Contingent Liabilities
- 1
- Book Value per Share
- 11.03
- Face Value
- 5.00
Mar 2022
- Equity Capital
- 25
- 31
- 10
- Trade Payables
- 1
- 2
- Total Liabilities
- 69
- 24
- Capital Work in Progress
- 0
- 0
- 21
- 0
- Cash & Bank
- 1
- 24
- Total Assets
- 69
- Total Debt
- 10
- Net Working Capital
- 21
- Contingent Liabilities
- 1
- Book Value per Share
- 11.21
- Face Value
- 5.00
- Total Debt
- 10
- Net Working Capital
- 21
- Contingent Liabilities
- 1
- Book Value per Share
- 11.21
- Face Value
- 5.00
Mar 2023
- Equity Capital
- 25
- 33
- 0
- Trade Payables
- 1
- 2
- Total Liabilities
- 59
- 20
- Capital Work in Progress
- 0
- 6
- 13
- 0
- Cash & Bank
- 0
- 21
- Total Assets
- 59
- Total Debt
- 0
- Net Working Capital
- 28
- Contingent Liabilities
- 1
- Book Value per Share
- 11.67
- Face Value
- 5.00
- Total Debt
- 0
- Net Working Capital
- 28
- Contingent Liabilities
- 1
- Book Value per Share
- 11.67
- Face Value
- 5.00
Mar 2024
- Equity Capital
- 25
- 32
- 0
- Trade Payables
- 0
- 2
- Total Liabilities
- 59
- 14
- Capital Work in Progress
- 0
- 8
- 18
- 0
- Cash & Bank
- 0
- 18
- Total Assets
- 59
- Total Debt
- 0
- Net Working Capital
- 33
- Contingent Liabilities
- 1
- Book Value per Share
- 11.41
- Face Value
- 5.00
- Total Debt
- 0
- Net Working Capital
- 33
- Contingent Liabilities
- 1
- Book Value per Share
- 11.41
- Face Value
- 5.00
Mar 2025
- Equity Capital
- 25
- 32
- 0
- Trade Payables
- 0
- 3
- Total Liabilities
- 60
- 10
- Capital Work in Progress
- 1
- 5
- 16
- 0
- Cash & Bank
- 2
- 25
- Total Assets
- 60
- Total Debt
- 0
- Net Working Capital
- 30
- Contingent Liabilities
- 0
- Book Value per Share
- 11.43
- Face Value
- 5.00
- Total Debt
- 0
- Net Working Capital
- 30
- Contingent Liabilities
- 0
- Book Value per Share
- 11.43
- Face Value
- 5.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 21 | 34 | -2 | 9 | 11 | 6 | -8 | 10 | 0 | 2 | |
| Cash from Investing | -1 | -3 | 0 | -4 | 4 | -5 | 5 | 0 | -0 | 5 |
| Cash from Financing | -20 | -30 | 1 | -3 | -17 | -1 | 3 | -10 | 0 | -6 |
| -0 | 0 | -0 | 2 | -2 | 0 | -0 | 0 | 0 | 0 | |
| Free Cash Flow | 20 | 34 | -2 | 5 | 11 | 6 | -8 | 10 | 0 | 2 |
| OCF / Net Profit | 9.87 | 20.43 | -1.91 | 8.63 | 18.29 | 28.00 | -9.65 | 4.34 | -0.09 | 25.86 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 67 | 53 | 11 | 23 | 18 | 9 |
| OCF / Net Profit | 9.87 | 20.43 | -1.91 | 8.63 | 18.29 | 28.00 | -9.65 | 4.34 | -0.09 | 25.86 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 67 | 53 | 11 | 23 | 18 | 9 |
Mar 2016
- 21
- Cash from Investing
- -1
- Cash from Financing
- -20
- -0
- Free Cash Flow
- 20
- OCF / Net Profit
- 9.87
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 9.87
- Cumulative 5-Year FCF
- 0
Mar 2017
- 34
- Cash from Investing
- -3
- Cash from Financing
- -30
- 0
- Free Cash Flow
- 34
- OCF / Net Profit
- 20.43
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 20.43
- Cumulative 5-Year FCF
- 0
Mar 2018
- -2
- Cash from Investing
- 0
- Cash from Financing
- 1
- -0
- Free Cash Flow
- -2
- OCF / Net Profit
- -1.91
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.91
- Cumulative 5-Year FCF
- 0
Mar 2019
- 9
- Cash from Investing
- -4
- Cash from Financing
- -3
- 2
- Free Cash Flow
- 5
- OCF / Net Profit
- 8.63
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 8.63
- Cumulative 5-Year FCF
- 0
Mar 2020
- 11
- Cash from Investing
- 4
- Cash from Financing
- -17
- -2
- Free Cash Flow
- 11
- OCF / Net Profit
- 18.29
- Cumulative 5-Year FCF
- 67
- OCF / Net Profit
- 18.29
- Cumulative 5-Year FCF
- 67
Mar 2021
- 6
- Cash from Investing
- -5
- Cash from Financing
- -1
- 0
- Free Cash Flow
- 6
- OCF / Net Profit
- 28.00
- Cumulative 5-Year FCF
- 53
- OCF / Net Profit
- 28.00
- Cumulative 5-Year FCF
- 53
Mar 2022
- -8
- Cash from Investing
- 5
- Cash from Financing
- 3
- -0
- Free Cash Flow
- -8
- OCF / Net Profit
- -9.65
- Cumulative 5-Year FCF
- 11
- OCF / Net Profit
- -9.65
- Cumulative 5-Year FCF
- 11
Mar 2023
- 10
- Cash from Investing
- 0
- Cash from Financing
- -10
- 0
- Free Cash Flow
- 10
- OCF / Net Profit
- 4.34
- Cumulative 5-Year FCF
- 23
- OCF / Net Profit
- 4.34
- Cumulative 5-Year FCF
- 23
Mar 2024
- 0
- Cash from Investing
- -0
- Cash from Financing
- 0
- 0
- Free Cash Flow
- 0
- OCF / Net Profit
- -0.09
- Cumulative 5-Year FCF
- 18
- OCF / Net Profit
- -0.09
- Cumulative 5-Year FCF
- 18
Mar 2025
- 2
- Cash from Investing
- 5
- Cash from Financing
- -6
- 0
- Free Cash Flow
- 2
- OCF / Net Profit
- 25.86
- Cumulative 5-Year FCF
- 9
- OCF / Net Profit
- 25.86
- Cumulative 5-Year FCF
- 9
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 0.43 | 0.34 | 0.17 | 0.20 | 0.12 | 0.04 | 0.17 | 0.46 | -0.26 | 0.01 |
| Book Value (₹) | 10.16 | 10.50 | 10.67 | 10.87 | 10.99 | 11.03 | 11.21 | 11.67 | 11.41 | 11.43 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 1.04 | 0.90 | 0.82 | 0.78 | 1.13 | 0.97 | 0.80 | 1.00 | 0.13 | 0.32 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 8.58% | 9.74% | 16.11% | 15.69% | 18.56% | 19.75% | 19.47% | 14.54% | -0.42% | 1.43% |
| Net Margin % | 1.73% | 1.92% | 2.05% | 2.59% | 1.67% | 0.72% | 3.41% | 5.42% | -7.11% | 0.15% |
| ROE % | 4.35% | 3.29% | 1.62% | 1.89% | 1.10% | 0.39% | 1.55% | 4.06% | -2.22% | 0.10% |
| ROCE % | 7.10% | 6.62% | 4.52% | 4.23% | 2.35% | 2.00% | 2.76% | 5.70% | -1.46% | 0.37% |
| 1.85% | 1.77% | 1.02% | 1.26% | 0.82% | 0.33% | 1.28% | 3.57% | -2.13% | 0.10% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 41 | 82 | 113 | 23 | 44 | 95 | 86 | 17 | 6 | 3 |
| Inventory Days | 151 | 125 | 201 | 261 | 209 | 130 | 214 | 147 | 322 | 159 |
| Payable Days | 6 | 8 | 17 | 7 | 8 | 11 | 16 | 7 | 11 | 4 |
| 187 | 199 | 297 | 277 | 245 | 214 | 284 | 157 | 317 | 159 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.97x | 0.44x | 0.48x | 0.42x | 0.12x | 0.14x | 0.19x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 1.70x | 1.74x | 1.59x | 1.67x | 1.88x | 1.50x | 3.27x | 18.35x | -10.93x | 1.26x |
| 1.66x | 1.59x | 2.69x | 8.13x | 3.56x | 4.23x | 2.63x | 19.61x | 14.98x | 9.64x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -5.19% | -28.45% | -54.84% | -11.20% | -4.52% | -15.76% | -11.13% | 69.88% | -58.03% | 119.13% |
| Operating Profit Growth % | -42.76% | -19.54% | -22.02% | -7.96% | 7.72% | -11.89% | -16.30% | 26.90% | -82.34% | 60.08% |
| Net Profit Growth % | -74.80% | -21.43% | -49.55% | 19.10% | -41.17% | -64.27% | 300.85% | 170.15% | -155.10% | 104.65% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -155.09% | 104.65% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 2705.04x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 2.79x | 2.82x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 144.49x | 90.29x |
Mar 2016
- EPS (₹)
- 0.43
- Book Value (₹)
- 10.16
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.04
- Operating Margin %
- 8.58%
- Net Margin %
- 1.73%
- ROE %
- 4.35%
- ROCE %
- 7.10%
- 1.85%
- Debtor Days
- 41
- Inventory Days
- 151
- Payable Days
- 6
- 187
- Debt to Equity (x)
- 0.97x
- Interest Coverage (x)
- 1.70x
- 1.66x
- Revenue Growth %
- -5.19%
- Operating Profit Growth %
- -42.76%
- Net Profit Growth %
- -74.80%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 0.34
- Book Value (₹)
- 10.50
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.90
- Operating Margin %
- 9.74%
- Net Margin %
- 1.92%
- ROE %
- 3.29%
- ROCE %
- 6.62%
- 1.77%
- Debtor Days
- 82
- Inventory Days
- 125
- Payable Days
- 8
- 199
- Debt to Equity (x)
- 0.44x
- Interest Coverage (x)
- 1.74x
- 1.59x
- Revenue Growth %
- -28.45%
- Operating Profit Growth %
- -19.54%
- Net Profit Growth %
- -21.43%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 0.17
- Book Value (₹)
- 10.67
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.82
- Operating Margin %
- 16.11%
- Net Margin %
- 2.05%
- ROE %
- 1.62%
- ROCE %
- 4.52%
- 1.02%
- Debtor Days
- 113
- Inventory Days
- 201
- Payable Days
- 17
- 297
- Debt to Equity (x)
- 0.48x
- Interest Coverage (x)
- 1.59x
- 2.69x
- Revenue Growth %
- -54.84%
- Operating Profit Growth %
- -22.02%
- Net Profit Growth %
- -49.55%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 0.20
- Book Value (₹)
- 10.87
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.78
- Operating Margin %
- 15.69%
- Net Margin %
- 2.59%
- ROE %
- 1.89%
- ROCE %
- 4.23%
- 1.26%
- Debtor Days
- 23
- Inventory Days
- 261
- Payable Days
- 7
- 277
- Debt to Equity (x)
- 0.42x
- Interest Coverage (x)
- 1.67x
- 8.13x
- Revenue Growth %
- -11.20%
- Operating Profit Growth %
- -7.96%
- Net Profit Growth %
- 19.10%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 0.12
- Book Value (₹)
- 10.99
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.13
- Operating Margin %
- 18.56%
- Net Margin %
- 1.67%
- ROE %
- 1.10%
- ROCE %
- 2.35%
- 0.82%
- Debtor Days
- 44
- Inventory Days
- 209
- Payable Days
- 8
- 245
- Debt to Equity (x)
- 0.12x
- Interest Coverage (x)
- 1.88x
- 3.56x
- Revenue Growth %
- -4.52%
- Operating Profit Growth %
- 7.72%
- Net Profit Growth %
- -41.17%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 0.04
- Book Value (₹)
- 11.03
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.97
- Operating Margin %
- 19.75%
- Net Margin %
- 0.72%
- ROE %
- 0.39%
- ROCE %
- 2.00%
- 0.33%
- Debtor Days
- 95
- Inventory Days
- 130
- Payable Days
- 11
- 214
- Debt to Equity (x)
- 0.14x
- Interest Coverage (x)
- 1.50x
- 4.23x
- Revenue Growth %
- -15.76%
- Operating Profit Growth %
- -11.89%
- Net Profit Growth %
- -64.27%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 0.17
- Book Value (₹)
- 11.21
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.80
- Operating Margin %
- 19.47%
- Net Margin %
- 3.41%
- ROE %
- 1.55%
- ROCE %
- 2.76%
- 1.28%
- Debtor Days
- 86
- Inventory Days
- 214
- Payable Days
- 16
- 284
- Debt to Equity (x)
- 0.19x
- Interest Coverage (x)
- 3.27x
- 2.63x
- Revenue Growth %
- -11.13%
- Operating Profit Growth %
- -16.30%
- Net Profit Growth %
- 300.85%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 0.46
- Book Value (₹)
- 11.67
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.00
- Operating Margin %
- 14.54%
- Net Margin %
- 5.42%
- ROE %
- 4.06%
- ROCE %
- 5.70%
- 3.57%
- Debtor Days
- 17
- Inventory Days
- 147
- Payable Days
- 7
- 157
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 18.35x
- 19.61x
- Revenue Growth %
- 69.88%
- Operating Profit Growth %
- 26.90%
- Net Profit Growth %
- 170.15%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- -0.26
- Book Value (₹)
- 11.41
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.13
- Operating Margin %
- -0.42%
- Net Margin %
- -7.11%
- ROE %
- -2.22%
- ROCE %
- -1.46%
- -2.13%
- Debtor Days
- 6
- Inventory Days
- 322
- Payable Days
- 11
- 317
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- -10.93x
- 14.98x
- Revenue Growth %
- -58.03%
- Operating Profit Growth %
- -82.34%
- Net Profit Growth %
- -155.10%
- -155.09%
- P/E (x)
- 0.00x
- P/B (x)
- 2.79x
- Dividend Yield %
- 0.00%
- 144.49x
Mar 2025
- EPS (₹)
- 0.01
- Book Value (₹)
- 11.43
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.32
- Operating Margin %
- 1.43%
- Net Margin %
- 0.15%
- ROE %
- 0.10%
- ROCE %
- 0.37%
- 0.10%
- Debtor Days
- 3
- Inventory Days
- 159
- Payable Days
- 4
- 159
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 1.26x
- 9.64x
- Revenue Growth %
- 119.13%
- Operating Profit Growth %
- 60.08%
- Net Profit Growth %
- 104.65%
- 104.65%
- P/E (x)
- 2705.04x
- P/B (x)
- 2.82x
- Dividend Yield %
- 0.00%
- 90.29x
Documents
Announcements
- Copy of Newspaper Publication
2026-07-27 - Surana Solar Limited has informed the Exchange about Copy of Newspaper Publication
- Change in Management
2026-07-25 - Surana Solar Limited has informed the Exchange about change in Management
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Nothing filed yet.