Is Surana Solar Ltd (SURANASOL) a good quality company?

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

Is Surana Solar Ltd (SURANASOL) undervalued or overvalued?

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

What is Surana Solar Ltd (SURANASOL) share price return in the past 10 years?

Surana Solar Ltd share price has appreciated 0.8% annually (CAGR) over the past ten years.

Is Surana Solar Ltd (SURANASOL) a good buy now?

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

What is the share price of Surana Solar Ltd (SURANASOL)?

Company share prices are keep on changing according to the market conditions. The current trading price of Surana Solar Ltd (SURANASOL) on 17-Apr-2026 16:59:59 at 16:59 is 25.50.

What is the P/E ratio of Surana Solar?

The latest standalone P/E ratio of Surana Solar as of 17-Apr-2026 is 358.97.

What is the P/B ratio of Surana Solar Ltd (SURANASOL)?

The latest standalone P/B ratio of Surana Solar Ltd (SURANASOL) as of 17-Apr-2026 is 2.08.

What is the 52-week high and low of Surana Solar Ltd (SURANASOL)?

The 52-week high of Surana Solar Ltd (SURANASOL) is Rs. 41.53 and the 52-week low is Rs. 18.32.

Surana Solar Ltd (SURANASOL) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: Surana Solar Ltd (SURANASOL)
Brand: Surana Solar

Surana Solar Ltd (SURANASOL) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Surana Solar Ltd (SURANASOL)

BSE: 533298 NSE: SURANASOL

Key Metrics

Market Cap

₹119 Cr.

P/E Ratio

358.97

Price to Book (P/B)

2.08

Price to Sales (P/S)

12.23

EV/EBITDA

48.03

Return on Capital Employed (ROCE)

0.37%

Current Price

₹25.5

Return on Equity (ROE)

0.10%

Return on Assets (ROA)

0.10%

Operating Profit Margin

1.4%

Net Profit Margin

0.15%

Gross Profit Margin

Book Value per Share

₹11.6

Sales Growth (YoY)

119.09%

Sales Growth (3 Years)

16.04%

Operating Profit Growth (1 Year)

NA%

Operating Profit Growth (3 Years)

-48.21%

Net Profit Growth (1 Year)

NA%

52-Week Low / High

₹18 / 42

Net Profit Growth (3 Years)

-58.95%

Dividend Yield

0.00%

Promoter Holding

43.71%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Surana Solar Ltd?

Surana Solar Ltd revenue growth is 119.1% for FY-2025 , which is above its 5 year CAGR of 3.2% , indicating faster growth.

Q.1 Promoter shareholding and pledge status of Surana Solar Ltd?

Promoters hold 43.71% of the Surana Solar Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

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 3.89% , indicating slower growth and losing its market share.

Q.1 Which industry/sub-sector does Surana Solar Ltd belong to?

Surana Solar Ltd belongs to the Capital Goods & Industrial Consumables sector, operating specifically within the Electronics - Components segment.

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 0.8% based on the current price.

DeciZen - make an informed investing decision on Surana Solar

Based on:

Data

Overall Rating ⓘ
Login to view analysis. M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation ⓘ

3. Price Trend

Surana Solar stock performance

Key Ratios

Is Surana Solar Ltd an attractive stock to invest in?

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
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 ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	121	86.6	39.1	34.7	33.2	27.9	24.8	42.2	17.7	38.8	10
Sales YoY Gr.	-	-28.4%	-54.8%	-11.2%	-4.5%	-15.8%	-11.1%	69.9%	-58%	119.1%	-
Adj EPS ⓘ	0.7	0.3	0.2	0.2	-0	0	0.2	-0.1	0.1	0	0.1
YoY Gr.	-	-52.8%	-50%	-11.8%	-106.7%	NA	700%	-150%	NA	-100%	-
BVPS (₹) ⓘ	10.2	10.5	10.7	10.9	11	11	11.2	11.7	11.4	11.4	11.6
Adj Net Profit ⓘ	3.5	1.7	0.8	0.7	-0.1	0.1	0.8	-0.4	0.3	0	0
Cash Flow from Ops. ⓘ	21	34.1	-1.6	8.7	10.8	5.9	-8.2	9.9	0.1	1.5	-
Debt/CF from Ops. ⓘ	2.3	0.7	-15.6	2.6	0.6	1.2	-1.3	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-11.9%	3.2%	16%	119.1%
Adj EPS ⓘ	-100%	NA	-100%	-100%
BVPSⓘ	1.3%	0.8%	0.7%	0.2%
Share Price	0.8%	22.8%	9.2%	-28.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	7.2	3.3	1.6	1.4	-0.1	0.2	1.4	-0.7	0.6	0	0.6
Op. Profit Mgn % ⓘ	9.4	9.3	15.4	13.9	16.7	19.2	16	3.3	12.5	1.4	-43.4
Net Profit Mgn % ⓘ	2.9	1.9	2.2	2.1	-0.2	0.3	3.1	-1	1.9	0.1	3.5
Debt to Equity ⓘ	1	0.4	0.5	0.4	0.1	0.1	0.2	0	0	0	-
Working Cap Days ⓘ	207	215	361	371	368	405	558	339	728	367	596
Cash Conv. Cycle ⓘ	187	199	303	278	244	217	288	158	318	159	435

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	0.1	-0
TTM Sales (₹ Cr.)	9.7	38.8
BVPS (₹) ⓘ	11.6	11.4
Reserves (₹ Cr.) ⓘ	33	32
P/BV ⓘ	2.08	2.12
PE ⓘ	358.97	0.00

From the Market
52 Week Low / High (₹)	18.32 / 41.53
All Time Low / High (₹)	5.07 / 83.80
Market Cap (₹ Cr.)	119
Equity (₹ Cr.)	24.6
Face Value (₹)	5
Industry PE ⓘ	54.2

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Surana Solar - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	121	87	39	35	33	28	25	42	18	39
Operating Expenses ⓘ +	112	79	33	30	28	23	21	41	18	38
Manufacturing Costs	3	2	2	1	1	1	1	2	1	1
Material Costs	96	68	26	25	23	19	18	36	12	35
Employee Cost	3	2	2	1	1	0	0	1	1	1
Other Costs ⓘ	11	7	4	3	3	2	2	3	4	2
Operating Profit ⓘ	9	8	6	5	6	5	4	1	-0	1
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 ⓘ +	1	0	1	1	1	0	1	5	1	1
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	4	3	2	2	1	1	1	0	0	0
Depreciation ⓘ	3	3	3	3	5	5	3	3	2	2
Profit Before Tax ⓘ	3	2	1	1	1	0	1	3	-1	0
Tax ⓘ	1	1	0	0	0	0	0	1	0	-0
Profit After Tax	2	2	1	1	1	0	1	2	-1	0
PAT Margin (%)	1.8%	1.9%	2.2%	2.9%	1.8%	0.8%	3.4%	5.4%	-7.1%	0.2%
Adjusted EPS (₹)	0.4	0.3	0.2	0.2	0.1	0.0	0.2	0.5	-0.3	0.0
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	50	52	52	53	54	54	55	57	56	56
Share Capital ⓘ	25	25	25	25	25	25	25	25	25	25
Reserves ⓘ	25	27	28	29	29	30	31	33	32	32
Debt +	46	21	25	23	7	7	10	0	0	0
Long Term Debt	15	4	11	20	0	0	0	0	0	0
Short Term Debt	31	16	14	3	7	7	10	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	1	2	0	1	0	1	1	1	0	0
Others Liabilities ⓘ	7	10	3	3	3	2	2	2	2	3
Total Liabilities ⓘ	104	85	81	79	64	64	69	59	59	60
Fixed Assets
Net Fixed Assets ⓘ +	27	29	26	27	31	26	24	20	14	10
Gross Block	45	46	46	50	58	58	58	52	42	36
Accumulated Depreciation	17	17	20	23	27	32	35	32	29	26
CWIP ⓘ	13	11	11	11	0	0	0	0	0	1
Investments ⓘ	0	0	0	0	0	5	0	6	8	5
Inventories	42	18	27	28	12	8	21	13	18	16
Trade Receivables	17	22	3	1	7	8	4	0	0	0
Cash Equivalents	2	4	3	3	0	1	1	0	0	2
Others Assets ⓘ	3	1	10	8	14	15	20	20	18	25
Total Assets ⓘ	104	85	81	79	64	64	69	59	59	60

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	21	34	-2	9	11	6	-8	10	0	2
PBT ⓘ	3	2	1	1	1	0	1	3	-1	0
Adjustment ⓘ	7	6	5	4	5	5	3	-2	3	1
Changes in Working Capital ⓘ	11	26	-8	3	5	0	-12	10	-2	2
Tax Paid ⓘ	-1	-1	-0	-0	-0	-0	-0	-1	-0	-1
Cash Flow From Investing Activity ⓘ +	-1	-3	0	-4	4	-5	5	0	-0	5
Capex	-1	-4	-0	-4	4	-0	-0	1	2	2
Net Investments	0	0	0	0	0	-5	5	-2	-2	3
Others ⓘ	0	0	0	0	0	0	1	1	1	-0
Cash Flow From Financing Activity ⓘ +	-20	-30	1	-3	-17	-1	3	-10	0	-6
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	8	-20	0	3	0	0	0
Interest Paid ⓘ	-5	-3	-2	-2	-1	-1	-1	-0	-0	-0
Dividend Paid ⓘ	-3	-0	-0	-0	-0	-0	-0	0	0	0
Others ⓘ	-13	-27	3	-9	4	0	1	-10	0	-6
Net Cash Flow ⓘ	-0	0	-0	2	-2	0	-0	0	0	0

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	4.35	3.29	1.62	1.89	1.1	0.39	1.55	4.06	-2.22	0.1
ROCE (%)	7.1	6.62	4.52	4.23	2.35	2	2.76	5.7	-1.46	0.37
Asset Turnover Ratio	1.07	0.92	0.5	0.49	0.49	0.46	0.37	0.66	0.3	0.65
PAT to CFO Conversion(x)	10.5	17	-2	9	11	N/A	-8	5	N/A	N/A
Working Capital Days
Receivable 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

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Surana Solar Ltd FAQs

The current trading price of Surana Solar on 17-Apr-2026 16:59 is ₹25.50.

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 16-Apr-2026 the market cap of Surana Solar stood at ₹119.2 Cr

The latest P/E ratio of Surana Solar as of 16-Apr-2026 is 359.0.

The latest P/B ratio of Surana Solar as of 16-Apr-2026 is 2.08.

The 52-week high of Surana Solar is ₹41.53 and the 52-week low is ₹18.32.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Surana Solar is ₹9.74 ( Cr.) .

About Surana Solar Ltd

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Surana Solar Ltd (SURANASOL) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Surana Solar Share Price