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Fincash » Search » Surana Solar Ltd

Surana Solar Ltd

Updated on May 21, 2020

Stock/Share Code - SURANASOL

Surana Solar is engaged in the business of manufacturing of Solar Photovoltic (SPV) Modules, generation of Wind Power energy and trading of other solar related products.

Below is the details of SURANASOL Surana Solar Ltd

Market Cap₹27.06 Cr.
Current Price ₹5.4 as on 26 May 20
52 Week High / Low Price₹12.45 / ₹4.95
Face Value₹5
Stock P/E42.28
Book Value₹10.95
Dividend Yield0.00 %
ROCE4.22 %
ROE1.89 %
Sales Growth (3yrs)-34.04 %
SectorCapital Goods - Electrical Equipment
IndustryElectric Equipment
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company has reduced debt. Stock is trading at 0.50 times its book value
Cons: Though the company is reporting repeated profits, it is not paying out dividend Company has low interest coverage ratio. The company has delivered a poor growth of -23.08% over past five years. Company has a low return on equity of 2.25% for last 3 years. Earnings include an other income of Rs.1.52 Cr. Company's cost of borrowing seems high

Surana Solar Ltd Price Chart

Surana Solar Ltd Price Chart

Surana Solar Ltd Peer Comparison in Capital Goods - Electrical Equipment

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. Siemens ₹1,021.95 36.43 ₹37,362.36 Cr. 0.67 ₹175.7 Cr. -38.18 -20.68 2837.90 18.68
2. Havells India ₹460.7 42.67 ₹31,360.12 Cr. 0.80 ₹177.73 Cr. -10.69 -19.51 2217.44 28.55
3. A B B ₹14.85 48.74 ₹17,717.66 Cr. 0.57 ₹64.64 Cr. -78.47 -17.73 1522.24 17.02
4. Crompton Gr. Con ₹215.2 24.41 ₹13,056.92 Cr. 0.96 ₹160.97 Cr. 102.05 3.98 1071.29 38.90
5. B H E L ₹51.1 12.66 ₹9,558.26 Cr. 7.29 ₹162.67 Cr. -17.21 -22.62 5680.82 6.70
6. V-Guard Inds. ₹170.1 36.05 ₹7,638.51 Cr. 0.50 ₹42.88 Cr. 27.24 5.45 626.64 25.98
7. Triveni Turbine ₹39.35 15.40 ₹2,098.25 Cr. 0.77 ₹27.07 Cr. 18.57 -3.95 203.00 33.79
8. Surana Solar 42.28 ₹27.06 Cr. 0.00 ₹0.19 Cr. -26.92 -57.99 3.05 4.22

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Surana Solar Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019
Sales -17.629.828.579.4911.2310.996.007.2610.4913.447.593.05
YOY Sales Growth %-56.65%-47.74%-51.55%-68.35%-36.27%11.91%-29.99%-23.5%-6.59%22.29%26.5%-57.99%
Expenses -16.137.997.167.8410.139.614.616.009.6912.116.311.92
Material Cost %81.04%60.69%63.59%65.02%75.6%72.52%57.17%66.8%79.89%80.95%66.67%28.85%
Employee Cost %2.5%3.56%3.85%3.9%4.19%3.64%5.67%3.44%2.29%1.56%2.9%6.23%
Operating Profit1.491.831.411.651.101.381.391.260.801.331.281.13
OPM %8.46%18.64%16.45%17.39%9.80%12.56%23.17%17.36%7.63%9.90%16.86%37.05%
Other Income0.420.080.110.000.430.190.220.330.520.020.960.02
Interest0.600.720.320.620.500.410.520.560.450.290.200.22
Depreciation0.670.790.800.780.800.690.690.690.760.761.870.70
Profit before tax0.640.400.400.250.230.470.400.340.110.300.170.23
Tax %64.06%20.00%20.00%56.00%60.87%25.53%15.00%20.59%54.55%40.00%-29.41%17.39%
Net Profit0.230.320.320.110.090.350.340.260.060.180.210.19
EPS in Rs0.050.070.060.020.020.070.070.050.010.040.040.04
NotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019TTM
Sales -28.28100.3471.0792.55129.05125.38121.0586.6239.1234.7434.57
Sales Growth %%254.81%-29.17%30.22%39.44%-2.84%-3.45%-28.44%-54.84%-11.2%%
Expenses -23.4977.4565.3083.05118.13107.36111.7078.5633.0929.9330.03
Material Cost %71.61%68.28%75.11%76.96%77.2%75.18%79.01%78.31%66.67%70.84%%
Manufacturing Cost %6.12%3.61%7.51%4.83%4.32%4.63%4.92%3.44%6.72%4.66%%
Employee Cost %1.17%1.78%4.01%3.58%2.53%2.63%2.76%3.23%5.52%5.35%%
Other Cost %4.17%3.52%5.25%4.37%7.49%3.19%5.59%5.71%5.67%5.3%%
Operating Profit4.7922.895.779.5010.9218.029.358.066.034.814.54
OPM %16.94%22.81%8.12%10.26%8.46%14.37%7.72%9.31%15.41%13.85%13.13%
Other Income2.291.911.21-0.611.440.381.190.410.581.271.52
Interest0.672.323.572.982.915.294.443.282.161.941.16
Depreciation0.171.732.972.324.092.932.992.753.172.844.09
Profit before tax6.2420.750.443.595.3610.183.112.441.281.300.81
Tax %0.48%20.67%27.27%27.86%43.28%17.19%31.51%31.56%34.38%23.08%
Net Profit6.2116.460.322.593.038.442.131.670.841.000.64
EPS in Rs3.260.030.440.531.610.430.340.170.200.13
Dividend Payout %0.00%14.95%384.38%94.98%81.19%29.15%0.00%0.00%0.00%0.00%

Compounded Sales Growth

  • 5 Years:: -23.08%
  • 3 Years:: -34.04%
  • TTM:: -2.56%

Compounded Profit Growth

  • 5 Years:: -18.78%
  • 3 Years:: -22.28%
  • TTM:: -38.46%

Return on Equity

  • 5 Years:: -38.25%
  • 3 Years:: -39.91%
  • 1 Year:: -11.29%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Sep 2019
Share Capital -24.6024.6024.6024.6024.6024.6024.6024.6024.6024.6024.60
Equity Capital924.624.624.624.624.624.624.624.624.6
Reserves5.4319.0217.9117.6217.7823.2525.3727.0427.8928.8929.29
Borrowings9.7522.0825.4529.4341.7666.1848.5722.8425.1122.5410.44
Other Liabilities -32.9913.6010.2223.1518.2711.835.7710.233.073.143.10
Trade Payables15.428.244.217.246.822.130.882.030.350.560.29
Total Liabilities57.1779.3078.1894.80102.41125.86104.3184.7180.6779.1767.43
Fixed Assets -23.7529.3828.0132.2130.7129.5727.2029.0325.8827.0633.00
Gross Block24.3932.4733.9440.4643.0244.0444.6745.9545.9749.99
Accumulated Depreciation0.643.095.928.2512.314.4817.4716.9220.0922.93
CWIP0.250.531.2911.4613.6311.8512.5011.4511.4411.440.00
Investments0.020.020.020.030.020.020.000.000.000.000.00
Other Assets -33.1549.3748.8651.1058.0584.4264.6144.2343.3540.6734.43
Inventories19.4527.3529.1130.0735.2759.9841.7617.7727.428.0116.84
Trade receivables2.414.864.039.4513.110.5117.2521.923.41.153.99
Cash Equivalents4.181.832.035.15.617.412.213.932.572.70.41
Loans n Advances7.1113.9112.294.813.895.923.160.489.938.440.08
Other Assets etc01.421.41.670.180.60.230.130.050.3713.11
Total Assets57.1779.3078.1894.80102.41125.86104.3184.7180.6779.1767.43

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Cash from Operating Activity -1.584.337.6812.26-3.42-14.8720.9934.12-1.618.67
Profit from operations6.7324.596.1410.5911.3318.2710.58.316.435.58
Receivables-0.18-2.020.57-5.51-3.882.51-7.25-4.8418.321.79
Inventory-2.3-7.9-1.76-0.95-5.21-24.7118.2223.99-9.62-0.62
Payables-2.15-6.22-1.7311.3-4.68-6.87-2.611.33-1.450.82
Loans Advances0.7-0.012.21-2.71-0.28-2.292.76000
Direct taxes-0.94-4.11-0.72-0.46-1.21-1.78-0.63-0.59-0.48-0.35
Other operating items-0.2802.9700.51005.92-14.811.43
Cash from Investing Activity -2.95-15.07-4.46-8.89-2.620.18-1.03-3.360.14-3.98
Fixed assets purchased-5.98-15.99-6.17-22.89-5.64-3.24-1.28-3.72-0.01-4.01
Fixed assets sold000.9713.971.142.8700.200
Investments purchased-10.08000000000
Investments sold16.64000000000
Interest received1.040.920.690.270.70.550.280.160.140.04
Dividends received0.100.050.030.10000.010
Invest in subsidiaries000-0.010.0100.02000
Loans to subsidiaries000-0.260.260-0.06000
Other investing items1.23000000000
Cash from Financing Activity --3.0210.02-3.02-0.305.6514.34-20.27-30.431.13-2.62
Redemption of debentures00-60000000
Proceeds from borrowings012.339.370000000
Repayment of borrowings-0.3000000000
Proceeds from deposits000000001.021.93
Interest paid fin-0.67-2.31-3.52-2.63-3.06-5.27-4.64-3.3-2.17-1.94
Dividends paid00-2.87-1.4-2.82-2.83-2.900-0.04
Other financing items-2.05003.7311.5322.44-12.72-27.132.28-2.58
Net Cash Flow1.51-0.720.203.07-0.39-0.35-0.310.33-0.342.07

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Ratios

Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
ROCE %43.74%5.67%11.22%10.30%15.97%7.10%6.61%4.52%4.22%
Debtor Days31.1117.6820.7037.2737.0530.6052.0192.3731.7212.08
Inventory Turnover4.292.523.133.952.632.382.911.731.25

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