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Solar91 Cleantech Ltd - Stock Valuation and Financial Performance

Name: Solar91 Cleantech
Brand: Solar91 Cleantech

BSE: 0 | NSE: | Miscellaneous |

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DeciZen - make an informed investing decision on Solar91 Cleantech

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Data

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10 Year X-Ray of Solar91 Cleantech:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis ^P

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'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	27.4%	17.3%	21.6%	11.7%	36.8%	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	20.4	17.4	41.6	37.6	42.8	0
Sales YoY Gr.	-	-14.6%	138.8%	-9.6%	13.8%	-
Adj EPS ⓘ	0.2	0.2	0	0.2	2.3	0
YoY Gr.	-	13.3%	-76.5%	300%	1337.5%	-
BVPS (₹) ⓘ	1	1.2	1.5	2.2	4.6	0
Adj Net Profit ⓘ	0.1	0.1	0	0.2	2.5	NAN
Cash Flow from Ops. ⓘ	-0.1	1.4	-3.8	-3.3	4.4	-
Debt/CF from Ops. ⓘ	-0.7	0.7	-0.6	-2.3	1.6	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	NA	34.9%	13.8%
Adj EPS ⓘ	NA	NA	138.3%	1337.5%
BVPSⓘ	NA	NA	58.4%	110.6%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	16	16.1	3.2	9.6	68.3	0
Op. Profit Mgn % ⓘ	0.6	0	0.4	2	9.2	NAN
Net Profit Mgn % ⓘ	0.5	0.7	0.1	0.5	5.8	NAN
Debt to Equity ⓘ	0.1	1.3	1.7	3.3	1.4	-
Working Cap Days ⓘ	0	127	75	94	99	0
Cash Conv. Cycle ⓘ	0	77	55	82	76	0

Recent Performance Summary

Recent Performance Summary not available for IPO

Latest Financials - Solar91 Cleantech Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-	-
TTM Sales (₹ Cr.)	-	-
BVPS (₹.) ⓘ	-	-
Reserves (₹ Cr.) ⓘ	-	-
P/BV ⓘ	-	-
PE ⓘ	-	-

From the Market
52 Week Low / High (₹)	- / -
All Time Low / High (₹)	- / -
Market Cap (₹ Cr.)	-
Equity (₹ Cr.)	-
Face Value (₹)	-
Industry PE ⓘ	-

Management X-Ray of Solar91 Cleantech:

Shareholding Pattern

No Data To Display

Promoter's Holding & Share Pledging

Valuation of Solar91 Cleantech

Analyst's Notes

No data found!

Key Ratios of Solar91 Cleantech

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	20.39	17.41	41.57	37.58	42.77
Operating Expenses ⓘ	20.26	17.38	41.41	36.83	38.86
Manufacturing Costs	2.29	1.65	0.01	0.01	0.01
Material Costs	16.36	14.26	39.23	35.11	36.53
Employee Cost	1.20	0.85	1.33	1.18	1.46
Other Costs ⓘ	0.41	0.62	0.84	0.53	0.86
Operating Profit ⓘ	0.13	0.02	0.16	0.75	3.92
Operating Profit Margin (%)	0.6%	0.1%	0.4%	2.0%	9.2%
Other Income ⓘ	0.09	0.22	0.44	0.09	0.20
Interest ⓘ	0.04	0.05	0.14	0.53	0.63
Depreciation ⓘ	0.02	0.02	0.02	0.03	0.09
Exceptional Items ⓘ	0	0	0	0	0
Profit Before Tax ⓘ	0.16	0.18	0.44	0.27	3.40
Tax ⓘ	0.04	0.05	0.12	0.07	0.80
Profit After Tax	0.12	0.13	0.32	0.20	2.61
PAT Margin (%)	0.6%	0.8%	0.8%	0.5%	6.1%
Adjusted EPS (₹)	0.2	0.2	0.4	0.2	2.4
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	0.68	0.81	1.31	2.36	4.96
Share Capital ⓘ	0.01	0.01	0.01	0.02	0.02
Reserves ⓘ	0.67	0.80	1.29	2.34	4.95
Minority Interest	0	0	0	0	0
Debt	0.06	1.03	2.26	7.76	5.84
Long Term Debt	0.06	1.03	1.34	6.74	5.84
Short Term Debt	0	0	0.93	1.02	0
Trade Payables	1.21	2.87	0.37	0.15	0.33
Others Liabilities ⓘ	3.33	5.73	5.68	2.72	10.22
Total Liabilities ⓘ	5.27	10.44	9.62	12.99	21.35
Fixed Assets
Gross Block	0.05	0.13	0.19	0.29	3.20
Accumulated Depreciation	0.02	0.09	0.11	0.14	0.23
Net Fixed Assetsⓘ	0.03	0.04	0.08	0.15	2.97
CWIP ⓘ	0	0	0	1.33	0
Investmentsⓘ	0.67	0.09	0.09	0.39	2.82
Inventories	2.07	5.15	6.28	6.20	7.29
Trade Receivables	1.48	2.10	2.25	2.69	2.15
Cash Equivalents	0.21	2.57	0.08	1.16	2.35
Others Assetsⓘ	0.80	0.48	0.85	1.06	3.78
Total Assets ⓘ	5.27	10.44	9.62	12.99	21.35

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-0.08	1.41	-3.75	-3.34	4.38
PBT ⓘ	0.16	0.18	0.44	0.27	3.40
Adjustment ⓘ	0.02	0.02	0.16	0.51	0.66
Changes in Working Capital ⓘ	-0.22	1.26	-4.22	-4.06	1.14
Tax Paid ⓘ	-0.04	-0.05	-0.12	-0.07	-0.83
Cash Flow From Investing Activity ⓘ	-0.01	-0.03	-0.06	-1.39	-1.63
Capex	-0.02	-0.03	-0.07	-1.44	-1.57
Net Investments	0	0	0	0	0
Others ⓘ	0	0	0.01	0.05	-0.06
Cash Flow From Financing Activityⓘ	-0.15	0.98	1.31	5.82	-1.56
Net Proceeds from Shares ⓘ	0	0	0.22	0.85	0
Net Proceeds from Borrowing ⓘ	-0.15	0.98	0.30	5.41	0.08
Interest Paid ⓘ	0	0	-0.14	-0.53	-0.62
Dividend Paid ⓘ	0	0	0	0	0
Others ⓘ	0	0	0.93	0.09	-1.02
Net Cash Flow ⓘ	-0.25	2.36	-2.50	1.09	1.18

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	17.88	17.64	30.6	11.1	71.2
ROCE (%)	27.42	17.27	21.61	11.73	36.79
Asset Turnover Ratio	3.87	2.22	4.14	3.32	2.49
PAT to CFO Conversion(x)	-0.67	10.85	-11.72	-16.7	1.68
Working Capital Days
Receivable Days	27	38	19	24	21
Inventory Days	37	76	50	61	58
Payable Days	27	52	15	3	2

Solar91 Cleantech Ltd Stock News

Solar91 Cleantech Ltd FAQs

What is the share price of Solar91 Cleantech?

Company share prices are keep on changing according to the market conditions. The closing price of Solar91 Cleantech on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of Solar91 Cleantech?

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 01-Jan-1970 05:30 the market cap of Solar91 Cleantech stood at ₹0.00.

What is the P/E ratio of Solar91 Cleantech?

The latest P/E ratio of Solar91 Cleantech as of 01-Jan-1970 05:30 is 0.00.

What is the P/B ratio of Solar91 Cleantech?

The latest P/B ratio of Solar91 Cleantech as of 01-Jan-1970 05:30 is 0.00.

What is the 52-week high and low of Solar91 Cleantech?

The 52-week high of Solar91 Cleantech is ₹0.00 and the 52-week low is ₹0.00.

What is the TTM revenue of Solar91 Cleantech?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Solar91 Cleantech is ₹0.00 ( Cr.) .

About Solar91 Cleantech Ltd

Solar91 Cleantech Limited was incorporated as a Private Limited Company under the name of ‘Solar91 Cleantech Private Limited’ under the Companies Act, 2013 vide certificate of incorporation dated October 07, 2015, issued by Registrar of Companies, Jaipur. Further, the company was converted into a Public Limited Company in pursuance of a special resolution passed by the members of the company at the Extra Ordinary General Meeting held on June 12, 2024 and the name of the company was changed from ‘Solar91 Cleantech Private Limited’ to ‘Solar91 Cleantech Limited’ & Registrar of Companies, CPC has issued a new certificate of incorporation consequent upon conversion dated July 22, 2024.

The company was founded in 2015 by its promoters who are alumni of Indian Institute of Technology with a vision to contribute to a clean energy driven India. The company is engaged in providing EPC Solar Energy Solutions to Commercial & Industrial customers to offset their power consumption through renewable energy sources, where it builds, operates and maintains grid connected and off grid Solar Power Projects for its customers.

Further, it is moving towards the IPP Model (Independent Power Producer), where it will build its own portfolio of Solar projects. In this, it creates an SPV (Special Purpose Vehicle) in the form of a 100% subsidiary and build, own, operate and maintain solar power projects. The subsidiary generates revenue by entering into Power Purchase Agreements (PPA) with Discom (Electricity Distribution Company) for selling electricity units generated from its projects.

Business area of the company

The company is engaged in providing EPC Solar Energy Solutions to Commercial & Industrial customers to offset their power consumption through renewable energy sources, where the company build, operate and maintain grid connected and off grid Solar Power Projects for its customers.

History and milestones

2015: Incorporation of the company as a private limited company with name Solar91 Cleantech Private Limited.
2018: First fully structured Turnkey Ground Mounted EPC project, under a UPPTCL tender completed in UP, Project is still run and maintained by Solar91.
2018: Got credit support from CGTMSE fund of Govt. of India, limits for which increased every year till 2021. UCO Bank and Axis Bank supported Solar91 in this endeavor.
2019: Installed and Commissioned a Solar Rooftop project for a construction group in Kenya.
2021: Solar91 developed 2 projects under the RESCO model with Cooperative Dairy in Rajasthan as the client.
2022: Got Institutional Debt support from (Energy Access Relief Fund, B.V.) EARF Funds - a Global Sustainability focused Investment and Advisory fund based in the US.
2023: Entered into the tendering process of PM Kusum Scheme C and secured projects in Rajasthan under Jaipur and Ajmer Discom as a developer.
2024: Solar91 secured 90MWac in Jodhpur Discom in Rajasthan under PM Kusum 2024 Solar91 emerged as the lowest bidder in a strategic PM Kusum project in BESCOM, beginning its developer journey in Karnataka too.
2024: Converted to a Public Limited Company and consequently name was changed from ‘Solar91 Cleantech Private Limited’ to ‘Solar91 Cleanted Limited’.