Surana Solar Ltd.

NSE: SURANASOL BSE: 533298 SECTOR: Electronics - Components  23k   98   9

23.05
0 0
NSE: Today, 03:58 PM

Price Summary

Today's High

₹ 24.85

Today's Low

₹ 22.5

52 Week High

₹ 43.2

52 Week Low

₹ 17.25

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

113.42 Cr.

Enterprise Value

123.25 Cr.

No. of Shares

4.92 Cr.

P/E

43.29

P/B

1.98

Face Value

₹ 5

Div. Yield

0 %

Book Value (TTM)

₹  11.61

CASH

0.55 Cr.

DEBT

10.38 Cr.

Promoter Holding

64.77 %

EPS (TTM)

₹  0.53

Sales Growth

-11.13%

ROE

1.55 %

ROCE

2.76%

Profit Growth

300.85 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year-11.13%
3 Year-10.59%
5 Year-22.11%

Profit Growth

1 Year300.85%
3 Year-5.54%
5 Year-12.73%

ROE%

1 Year1.55%
3 Year1.01%
5 Year1.31%

ROCE %

1 Year2.76%
3 Year2.37%
5 Year3.17%

Debt/Equity

0.1883

Price to Cash Flow

-13.89

Interest Cover Ratio

3.2713380544167

CFO/PAT (5 Yr. Avg.)

4.46426083367187

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2022 64.77 0
Jun 2022 65.09 0
Mar 2022 65.23 0
Dec 2021 66.9 0
Sep 2021 70.34 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company’s PEG ratio is 0.14397943494138.
  • Company has a healthy liquidity position with current ratio of 2.63158889991963.
  • The company has a high promoter holding of 64.77%.

 Limitations

  • The company has shown a poor profit growth of -5.54489817005038% for the Past 3 years.
  • The company has shown a poor revenue growth of -10.5876356020517% for the Past 3 years.
  • Company has a poor ROE of 1.01096282796688% over the past 3 years.
  • Company has a poor ROCE of 2.37295230638375% over the past 3 years
  • Company has negative cash flow from operations of -8.1633.
  • The company is trading at a high PE of 43.29.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
Net Sales 9.79 2.62 8.69 9.3 11.18
Total Expenditure 8.36 2.37 7.75 9.74 10.57
Operating Profit 1.42 0.25 0.94 -0.44 0.6
Other Income 0.13 0.34 0.23 3.88 0.21
Interest 0.13 0.12 0.23 0.12 0.03
Depreciation 1.05 0.1 0.79 0.61 0.64
Exceptional Items 0 0 0 0 0
Profit Before Tax 0.38 0.37 0.15 2.71 0.14
Tax 0.22 0.06 -0.16 0.8 0.04
Profit After Tax 0.16 0.31 0.31 1.91 0.1
Adjusted EPS (Rs) 0.03 0.06 0.06 0.39 0.02

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 39.12 34.74 33.17 27.94 24.83
Total Expenditure 33.09 29.92 27.62 22.58 20.87
Operating Profit 6.03 4.82 5.55 5.37 3.96
Other Income 0.58 1.27 1.01 0.41 0.87
Interest 2.16 1.94 0.86 0.82 0.54
Depreciation 3.17 2.84 4.95 4.55 3.08
Exceptional Items 0 0 0 0 0
Profit Before Tax 1.28 1.31 0.75 0.41 1.22
Tax 0.44 0.3 0.16 0.2 0.37
Net Profit 0.84 1 0.59 0.21 0.85
Adjusted EPS (Rs.) 0.17 0.2 0.12 0.04 0.17

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 24.6 24.6 24.6 24.6 24.6
Total Reserves 27.89 28.89 29.48 29.69 30.54
Borrowings 11.22 19.7 0 0 0
Other N/C liabilities 0.88 0.96 0.83 0.84 0.67
Current liabilities 16.07 4.99 9.45 8.85 12.69
Total Liabilities 80.66 79.15 64.36 63.98 68.5
Assets
Net Block 25.88 27.06 30.68 26.4 23.61
Capital WIP 11.44 11.44 0 0 0
Intangible WIP 0 0 0 0 0
Investments 0 0 0 0 0
Loans & Advances 0.06 0.06 0.06 0.18 11.49
Other N/C Assets 0 0 0 0 0
Current Assets 43.28 40.59 33.62 37.4 33.4
Total Assets 80.66 79.15 64.36 63.98 68.5
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 1.28 1.31 0.75 0.41 1.22
Adjustment 5.15 4.27 5.09 5.23 2.69
Changes in Assets & Liabilities -7.56 3.44 5.09 0.41 -11.69
Tax Paid -0.48 -0.35 -0.12 -0.13 -0.37
Operating Cash Flow -1.61 8.67 10.8 5.91 -8.16
Investing Cash Flow 0.14 -3.98 3.76 -5.1 5.16
Financing Cash Flow 1.13 -2.62 -16.81 -0.79 2.95
Net Cash Flow -0.34 2.07 -2.25 0.03 -0.05

Corporate Actions

Investors Details

PARTICULARS Sep 2021% Dec 2021% Mar 2022% Jun 2022% Sep 2022%
Promoters 70.34 66.90 65.23 65.09 64.77
surana telecom and... 40.70 40.37 40.31 40.31 40.31
narender surana 8.22 8.13 7.88 7.22 7.55
devendra surana 8.52 8.52 8.62 8.62 8.62
namrata surana 1.47 1.47 1.47 1.46 1.46
manish surana 2.70 2.82 1.46 1.45 1.45
mangilal surana - - 2.72 2.72 2.72
gm surana - - - - -
advait surana 2.20 2.20 0.84 0.84 0.84
shresha surana 0.97 - - - -
sunita surana 1.12 1.13 1.12 1.03 1.03
sresha surana - 0.76 0.81 0.78 0.78
rahul surana 0.93 0.93 0.93 0.93 0.93
vinita surana 0.18 0.15 0.14 0.02 0.02
mitali surana 0.75 0.75 0.75 0.75 0.75
surana infocom pri... 0.62 0.62 0.62 0.62 0.62
chand kanwar - - - - -
PARTICULARS Sep 2021% Dec 2021% Mar 2022% Jun 2022% Sep 2022%
Investors 29.66 33.10 34.77 34.91 35.23
iepf 1.25 1.25 1.25 - 1.24

Annual Reports

Ratings & Research Reports

Company Presentations

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Company News

Surana Solar - Quaterly Results31 Oct 2022, 12:00PM Surana Solar - Quaterly Results31 Oct 2022, 12:00PM Surana Solar - Quaterly Results31 Oct 2022, 12:00PM Surana Solar informs about outcome of board meeting5 Aug 2022, 2:47PM Surana Solar informs about outcome of board meeting5 Aug 2022, 1:30PM Surana Solar - Quaterly Results5 Aug 2022, 12:25PM Surana Solar - Quaterly Results5 Aug 2022, 12:25PM Surana Solar - Quaterly Results5 Aug 2022, 12:25PM Surana Solar sells 5% stake in Surana Infotech19 May 2022, 4:11PM Surana Solar informs about newspaper advertisement4 May 2022, 4:54PM Surana Solar - Quaterly Results2 May 2022, 1:28PM Surana Solar - Quaterly Results2 May 2022, 1:28PM Surana Solar - Quaterly Results2 May 2022, 1:28PM Surana Solar informs about disclosure30 Apr 2022, 4:13PM Surana Solar gets nod to sell 5% stake in Surana Infotech 16 Apr 2022, 10:34AM Surana Solar informs about notice of postal ballot3 Feb 2022, 4:52PM Surana Solar informs about certificate18 Jan 2022, 12:19PM Surana Solar gets nod to setup 200 MW Cell line and Module line13 Jan 2022, 2:28PM Surana Solar - Quaterly Results13 Jan 2022, 12:40PM Surana Solar - Quaterly Results13 Jan 2022, 12:40PM Surana Solar - Quaterly Results13 Jan 2022, 12:40PM Surana Solar informs about disclosure27 Dec 2021, 1:04PM Surana Solar informs about disclosure6 Nov 2021, 12:44PM Surana Solar acquires 5% stake in Surna Infotech22 Oct 2021, 12:35PM Surana Solar informs about update22 Oct 2021, 10:33AM Surana Solar informs about newspaper advertisement20 Oct 2021, 2:45PM Surana Solar gets nod to invest in Surna Infotech19 Oct 2021, 3:22PM Surana Solar - Quaterly Results19 Oct 2021, 12:31PM Surana Solar - Quaterly Results19 Oct 2021, 12:31PM Surana Solar informs about un-audited financial results17 Jul 2021, 2:08PM Surana Solar informs about outcome of board meeting17 Jul 2021, 1:26PM Surana Solar informs about appointment of additional director8 Jun 2021, 2:46PM Surana Solar board approves audited standalone financial results5 May 2021, 1:37PM Surana Solar informs about board meeting17 Apr 2021, 3:00PM Surana Solar informs about newspaper publication16 Apr 2021, 4:15PM Surana Solar informs about outcome of board meeting23 Jan 2021, 12:06PM Surana Solar board to consider un-audited financial results12 Jan 2021, 3:00PM Surana Solar informs about AGM proceedings29 Sep 2020, 4:56PM Surana Solar informs about board meeting10 Jun 2020, 12:59PM

Surana Solar Stock Price Analysis and Quick Research Report. Is Surana Solar an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Surana Solar has a PE ratio of 43.6701728024042 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Surana Solar has ROA of 1.27685270451835 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Surana Solar has a Current ratio of 2.63158889991963 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Surana Solar has a ROE of 1.54572385674367 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Surana Solar has a D/E ratio of 0.1883 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Surana Solar has an Inventory turnover ratio of 1.79916392727473 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Surana Solar has reported revenue growth of -11.1326636151184 % which is poor in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Surana Solar for the current financial year is 15.9463421313337 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Surana Solar is Rs 0 and the yield is 0 %.

Brief about Surana Solar

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