BSE: 544354 | NSE: | Engineering - Construction |
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Solarium Green Energy Ltd is a below average quality company.
The key valuation ratios of Solarium Green Energy Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Solarium Green Energy Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|
| ROCE % ⓘ | 23.4% | 18.2% | 56.3% | - |
| Value Creation Index ⓘ | 0.7 | 0.3 | 3.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||
| Sales ⓘ | 167 | 98.8 | 177 | 177 |
| Sales YoY Gr. | - | -41% | 79.6% | - |
| Adj EPS ⓘ | 1.3 | 1.3 | 10.4 | 7.5 |
| YoY Gr. | - | 0% | 724.6% | - |
| BVPS (₹) ⓘ | 2 | 3.2 | 13.6 | 68.4 |
| Adj Net Profit ⓘ | 1.9 | 1.9 | 15.6 | 16 |
| Cash Flow from Ops. ⓘ | 5.7 | -3.9 | -0.2 | - |
| Debt/CF from Ops. ⓘ | 2.6 | -6.9 | -151 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 79.6% | ||||
| Adj EPS ⓘ | NA | NA | NA | 724.6% | ||||
| BVPSⓘ | NA | NA | NA | 328.8% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|
| Return on Equity % ⓘ | 62.9 | 48.8 | 124.4 | 18.3 |
| Op. Profit Mgn % ⓘ | 2.8 | 6.3 | 13.6 | NAN |
| Net Profit Mgn % ⓘ | 1.1 | 1.9 | 8.8 | 8.8 |
| Debt to Equity ⓘ | 4.9 | 5.6 | 1.5 | - |
| Working Cap Days ⓘ | 0 | 112 | 109 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 27 | 49 | 0 |
Debt to equity has declined versus last 3 years average to 1.51
Return on Equity has declined versus last 3 years average to 18.30%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 7.5 | - |
| TTM Sales (₹ Cr.) | 177 | - |
| BVPS (₹.) ⓘ | 68.4 | - |
| Reserves (₹ Cr.) ⓘ | 122 | - |
| P/BV ⓘ | 3.45 | - |
| PE ⓘ | 31.57 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 202.00 / 285.50 |
| All Time Low / High (₹) | 202.00 / 285.50 |
| Market Cap (₹ Cr.) | 492 |
| Equity (₹ Cr.) | 20.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 25.7 |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|
| Sales | 167 | 99 | 177 |
| Operating Expenses ⓘ | 163 | 93 | 153 |
| Manufacturing Costs | 16 | 9 | 12 |
| Material Costs | 141 | 78 | 130 |
| Employee Cost | 3 | 3 | 5 |
| Other Costs ⓘ | 3 | 3 | 6 |
| Operating Profit ⓘ | 5 | 6 | 24 |
| Operating Profit Margin (%) | 2.8% | 6.0% | 13.6% |
| Other Income ⓘ | 1 | 0 | 0 |
| Interest ⓘ | 1 | 1 | 2 |
| Depreciation ⓘ | 1 | 2 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 3 | 3 | 21 |
| Tax ⓘ | 1 | 1 | 5 |
| Profit After Tax | 2 | 2 | 16 |
| PAT Margin (%) | 1.2% | 1.8% | 8.8% |
| Adjusted EPS (₹) | 1.4 | 1.2 | 10.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 3 | 5 | 20 | |||||||
| Share Capital ⓘ | 3 | 3 | 3 | |||||||
| Reserves ⓘ | 0 | 2 | 17 | |||||||
| Minority Interest | 0 | 0 | 0 | |||||||
| Debt | 10 | 25 | 30 | |||||||
| Long Term Debt | 8 | 12 | 8 | |||||||
| Short Term Debt | 3 | 13 | 21 | |||||||
| Trade Payables | 10 | 9 | 13 | |||||||
| Others Liabilities ⓘ | 9 | 6 | 14 | |||||||
| Total Liabilities ⓘ | 32 | 44 | 77 | |||||||
Fixed Assets | ||||||||||
| Gross Block | 9 | 11 | 12 | |||||||
| Accumulated Depreciation | 4 | 6 | 7 | |||||||
| Net Fixed Assetsⓘ | 5 | 6 | 5 | |||||||
| CWIP ⓘ | 0 | 0 | 0 | |||||||
| Investmentsⓘ | 0 | 0 | 0 | |||||||
| Inventories | 8 | 12 | 23 | |||||||
| Trade Receivables | 6 | 7 | 32 | |||||||
| Cash Equivalents | 1 | 4 | 2 | |||||||
| Others Assetsⓘ | 11 | 16 | 16 | |||||||
| Total Assets ⓘ | 32 | 44 | 77 | |||||||
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 6 | -4 | 0 |
| PBT ⓘ | 3 | 3 | 21 |
| Adjustment ⓘ | 2 | 3 | 4 |
| Changes in Working Capital ⓘ | 2 | -9 | -19 |
| Tax Paid ⓘ | -1 | -1 | -5 |
| Cash Flow From Investing Activity ⓘ | -2 | -4 | -3 |
| Capex | 0 | -2 | -1 |
| Net Investments | 0 | 0 | 0 |
| Others ⓘ | -2 | -2 | -3 |
| Cash Flow From Financing Activityⓘ | -4 | 10 | 2 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -7 | 5 | -4 |
| Interest Paid ⓘ | -1 | -1 | -2 |
| Dividend Paid ⓘ | 0 | 0 | 0 |
| Others ⓘ | 3 | 7 | 8 |
| Net Cash Flow ⓘ | -1 | 2 | -2 |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 68.35 | 44.93 | 124.38 | |||||||
| ROCE (%) | 23.36 | 18.17 | 56.32 | |||||||
| Asset Turnover Ratio | 5.26 | 2.59 | 2.92 | |||||||
| PAT to CFO Conversion(x) | 3 | -2 | 0 | Working Capital Days | ||||||
| Receivable Days | 14 | 25 | 40 | |||||||
| Inventory Days | 18 | 38 | 36 | |||||||
| Payable Days | 25 | 43 | 31 | |||||||
Solarium Green Energy Limited was originally formed as a Limited Liability Partnership in the name and style of Solarium Green Energy LLP, under the provisions of the Limited Liability Partnership Act, 2008, on December 17, 2015, vide certificate of incorporation issued by Registrar of Companies, Ahmedabad. Solarium Green Energy LLP was converted to a Private Limited company under the provisions of the Companies Act, 2013 under the name of Solarium Green Energy Private Limited and received certificate of incorporation from Central registration Center, Registrar of Companies dated February 24, 2022.
Subsequently, the company was converted into a public limited company pursuant to a special resolution passed by its Shareholders at an Extra-ordinary General Meeting held on April 11, 2024, and the name of Company was changed to Solarium Green Energy Limited and a fresh certificate of incorporation consequent upon conversion dated June 21, 2024, was issued by the Central Processing Centre.
The company provides Turnkey Solar Solutions which involves design, engineering, procurement & supply, construction & erection, testing, commissioning, associated transmission system and comprehensive Operation & Maintenance (O&M) of solar power plants. It serves a wide range of projects, including Residential rooftop projects, Commercial and Industrial (C&I) roof top and Ground Mounted projects, as well as Government Projects. Along with its turnkey solutions, it is also involved in Sale of Solar Products i.e. Solar PV (Photovoltaic) Modules, Solar PV Inverters, Availability Based Tariff Meters (ABT) and other solar products. It is accredited with various certifications including BIS (Bureau of Indian Standards), ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018.
Its EPC (Engineering, Procurement and Commissioning) contracts are on turnkey basis, encompassing a comprehensive range of services. Its scope of services includes assessing the plant site/layout and its feasibility, selecting the plant configuration, conducting financial and technical evaluation of technology options, assessing technology risks and grid connectivity, detailed engineering, and defining contact structure. Additionally, it manages supply chain management, logistics, construction and site management, manpower management, and financial contours, while also providing warranties and guaranties. it also provides O&M services to its government and non-government clients, which include testing and cleaning of solar panels, repair and replacement of damaged components and conducting inspection of solar systems.
Business area of the company
The company is primarily engaged in the renewable energy sector whereby it operates in solar energy projects which involves design, engineering, procurement & supply, construction & erection, testing, commissioning, associated transmission system and comprehensive O&M.
Awards, certifications and accreditations
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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