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Surana Solar Ltd (SURANASOL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533298 NSE: SURANASOL Electronics - Components | Small Cap | Surana Solar Share Price

₹26.97 -0.62 (-2.25%)

As on 25-Jun'26 16:59

Surana Solar Ltd (SURANASOL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533298 NSE: SURANASOL Electronics - Components | Small Cap | Surana Solar Share Price

₹26.97 -0.62 (-2.25%)

As on 25-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹133 Cr.
Current Price
₹27
52-Week Low / High
₹18 / 39
TTM EPS
₹0.3
TTM Sales
₹20.8 Cr.
Book Value per Share
₹11.7
P/E Ratio
107.02
In line with its 5-year historical median
Industry PE
44.8
Price to Book (P/B)
2.31
In line with its 5-year historical median
Price to Sales (P/S)
6.37
Higher than its 5-year historical median
EV/EBITDA
34.54
In line with its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
0.10%
Underperforms industry median
Return on Capital Employed (ROCE)
0.37%
Underperforms industry median
Return on Assets (ROA)
0.10%
Operating Profit Margin
1.4%
Net Profit Margin
0.15%
Gross Profit Margin
4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
119.09%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
44.34%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹33 Cr.
Equity
₹24.6 Cr.
Face Value
₹5
All Time Low / High
₹5.07 / 83.80

Surana Solar stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Surana Solar Ltd a good quality company?
Surana Solar Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Surana Solar Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Surana Solar Ltd vs industry peers?
Surana Solar Ltd revenue CAGR is 3.19%, compared to the industry median CAGR of 3.03%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Surana Solar Ltd?
Promoters hold 44.34% of the Surana Solar Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Surana Solar Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 1% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Surana Solar Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 7.1%6.6%4.5%4.2%2.4%2%2.8%5.7%-1.5%0.4%-
Value Creation
Index
-0.5-0.5-0.7-0.7-0.8-0.9-0.8-0.6-1.1-1.0-

Growth Parameters

Sales 12186.639.134.733.227.924.842.217.738.821
Sales YoY Gr.--28.4%-54.8%-11.2%-4.5%-15.8%-11.1%69.9%-58%119.1%-
Adj EPS 0.70.30.20.2-000.2-0.10.100.3
YoY Gr.--52.8%-50%-11.8%-106.7%NA700%-150%NA-100%-
BVPS (₹) 10.210.510.710.9111111.211.711.411.411.7
Adj Net
Profit
3.51.70.80.7-0.10.10.8-0.40.301
Cash Flow from Ops. 2134.1-1.68.710.85.9-8.29.90.11.5-
Debt/CF from Ops. 2.30.7-15.62.60.61.2-1.3000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -11.9%3.2%16%119.1%
Adj EPS -100%NA-100%-100%
BVPS1.3%0.8%0.7%0.2%
Share Price 3% 17.7% 8.3% -22.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
7.23.31.61.4-0.10.21.4-0.70.602.2
Op. Profit
Mgn %
9.49.315.413.916.719.2163.312.51.4-15.1
Net Profit
Mgn %
2.91.92.22.1-0.20.33.1-11.90.15.9
Debt to
Equity
10.40.50.40.10.10.20000
Working Cap
Days
207215361371368405558339728367349
Cash Conv.
Cycle
187199303278244217288158318159203

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales121873935332825421839
Operating Expenses + 112793330282321411838
Manufacturing Costs3221111211
Material Costs96682625231918361235
Employee Cost 3221100111
Other Costs 11743322342
Operating Profit 98656541-01
Operating Profit Margin (%) 7.7%9.3%15.4%13.9%16.7%19.2%15.9%3.2%-0.4%1.4%
Other Income + 1011101511
Exceptional Items 0000000000
Interest 4322111000
Depreciation 3333553322
Profit Before Tax 32111013-10
Tax 110000010-0
Profit After Tax 22111012-10
PAT Margin (%) 1.8%1.9%2.2%2.9%1.8%0.8%3.4%5.4%-7.1%0.2%
Adjusted EPS (₹)0.40.30.20.20.10.00.20.5-0.30.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Surana Solar - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 50525253545455575656
Share Capital 25252525252525252525
Reserves 25272829293031333232
Debt +462125237710000
Long Term Debt1541120000000
Short Term Debt31161437710000
Minority Interest0000000000
Trade Payables1201011100
Others Liabilities 71033322223
Total Liabilities 104858179646469595960

Fixed Assets

Net Fixed Assets +27292627312624201410
Gross Block45464650585858524236
Accumulated Depreciation17172023273235322926
CWIP 13111111000001
Investments 0000050685
Inventories4218272812821131816
Trade Receivables172231784000
Cash Equivalents 2433011002
Others Assets 31108141520201825
Total Assets 104858179646469595960

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 2134-29116-81002
PBT 32111013-10
Adjustment 7654553-231
Changes in Working Capital 1126-8350-1210-22
Tax Paid -1-1-0-0-0-0-0-1-0-1
Cash Flow From Investing Activity + -1-30-44-550-05
Capex -1-4-0-44-0-0122
Net Investments 00000-55-2-23
Others 000000111-0
Cash Flow From Financing Activity + -20-301-3-17-13-100-6
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0008-2003000
Interest Paid -5-3-2-2-1-1-1-0-0-0
Dividend Paid -3-0-0-0-0-0-0000
Others -13-273-9401-100-6
Net Cash Flow -00-02-20-0000

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)4.353.291.621.891.10.391.554.06-2.220.1
ROCE (%)7.16.624.524.232.3522.765.7-1.460.37
Asset Turnover Ratio1.070.920.50.490.490.460.370.660.30.65
PAT to CFO Conversion(x)10.517-2911N/A-85N/AN/A
Working Capital Days
Receivable Days41.3082.10112.6022.9044.3095.308616.805.703.30
Inventory Days151.20124.80200.90260.80208.80129.80214146.70322.40159
Payable Days5.707.8016.606.807.9010.7015.706.8011.303.80

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Surana Solar Ltd FAQs

The current trading price of Surana Solar on 25-Jun-2026 16:59 is ₹26.97.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 24-Jun-2026 the market cap of Surana Solar stood at ₹132.7 Cr

The latest P/E ratio of Surana Solar as of 24-Jun-2026 is 107.0.

The latest P/B ratio of Surana Solar as of 24-Jun-2026 is 2.31.

The 52-week high of Surana Solar is ₹38.90 and the 52-week low is ₹18.32.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Surana Solar is ₹20.83 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Surana Solar Ltd is a average quality company.

The key valuation ratios of Surana Solar Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Surana Solar Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Surana Solar Ltd

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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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