Surana Solar Ltd - Stock Valuation and Financial Performance

BSE: 533298 | NSE: SURANASOL | Electronics - Components | Small Cap

Surana Solar Share Price

31.89 -0.86 -2.63%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Surana Solar

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Surana Solar stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
161.2 Cr.
52-wk low:
14.7
52-wk high:
44

Is Surana Solar Ltd an attractive stock to invest in?

1. Is Surana Solar Ltd a good quality company?

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

2. Is Surana Solar Ltd 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.

3. Is Surana Solar Ltd a good buy now?

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

10 Year X-Ray of Surana Solar:

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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.1%13%6.3%4.6%3.1%2.7%0.8%1.1%1.8%-0.4%-
Value Creation
Index
-0.4-0.1-0.6-0.7-0.8-0.8-0.9-0.9-0.9-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 12912812186.639.134.733.227.924.842.222
Sales YoY Gr.--1.1%-5.2%-28.4%-54.8%-11.2%-4.5%-15.8%-11.1%69.9%-
Adj EPS 11.90.70.30.20.2-000.2-0.1-0.2
YoY Gr.-83.3%-61.5%-52.8%-50%-11.8%-106.7%NA700%-150%-
BVPS (₹) 8.69.710.210.510.710.9111111.211.711.5
Adj Net
Profit
59.23.51.70.80.7-0.10.10.8-0.4-1
Cash Flow from Ops. -3.4-14.92134.1-1.68.710.85.9-8.210.1-
Debt/CF from Ops. -12.2-4.52.30.7-15.62.60.61.2-1.30-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -11.7%1.5%8.3%69.9%
Adj EPS -175.4%-186%NA-150%
BVPS3.4%1.8%2%4.1%
Share Price 14.5% 33.4% 51.8% 113.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
11.920.47.23.31.61.4-0.10.21.4-0.7-1.5
Op. Profit
Mgn %
10.914.79.49.315.413.916.719.2163.3-0.3
Net Profit
Mgn %
3.97.22.91.92.22.1-0.20.33.1-1-3.9
Debt to
Equity
11.410.40.50.40.10.10.20-
Working Cap
Days
138184207215361371368405558339345
Cash Conv.
Cycle
88155187199303278244217288158320

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years 8.34%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -45.71%

Latest Financials - Surana Solar Ltd.

Standalone Consolidated
TTM EPS (₹) -0.2 0.5
TTM Sales (₹ Cr.) 21.6 94.9
BVPS (₹.) 11.5 0
Reserves (₹ Cr.) 32 18
P/BV 2.86 0.00
PE 0.00 62.48
From the Market
52 Week Low / High (₹) 14.74 / 44.03
All Time Low / High (₹) 5.07 / 83.80
Market Cap (₹ Cr.) 161
Equity (₹ Cr.) 24.6
Face Value (₹) 5
Industry PE 88.6

Management X-Ray of Surana Solar:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Surana Solar

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales12912812187393533282542
Operating Expenses 11811011279333028232141
Manufacturing Costs4432211112
Material Costs100949668262523191836
Employee Cost 3332211001
Other Costs 129117433223
Operating Profit 111898656541
Operating Profit Margin (%) 8.5%13.8%7.7%9.3%15.4%13.9%16.7%19.2%15.9%3.2%
Other Income 1110111015
Interest 3543221110
Depreciation 4333335533
Exceptional Items 0000000000
Profit Before Tax 51032111013
Tax 2211000001
Profit After Tax 3822111012
PAT Margin (%) 2.4%6.6%1.8%1.9%2.2%2.9%1.8%0.8%3.4%5.4%
Adjusted EPS (₹)0.61.70.40.30.20.20.10.00.20.5
Dividend Payout Ratio (%)81%29%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 42485052525354545557
Share Capital 25252525252525252525
Reserves 18232527282929303133
Minority Interest0000000000
Debt42664621252377100
Long Term Debt161215411200000
Short Term Debt2554311614377100
Trade Payables7212010111
Others Liabilities 1210710333222
Total Liabilities 10212610485817964646959

Fixed Assets

Gross Block43444546465058585852
Accumulated Depreciation12141717202327323532
Net Fixed Assets31302729262731262420
CWIP 1412131111110000
Investments 0000000506
Inventories3560421827281282113
Trade Receivables13111722317840
Cash Equivalents 6724330110
Others Assets473110814152020
Total Assets 10212610485817964646959

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -3-152134-29116-810
PBT 51032111013
Adjustment 687654553-2
Changes in Working Capital -14-311126-8350-1210
Tax Paid -1-2-1-100000-1
Cash Flow From Investing Activity -30-1-30-44-550
Capex -50-1-40-44001
Net Investments 0000000-55-2
Others 2100000011
Cash Flow From Financing Activity 614-20-301-3-17-13-10
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 000008-2003-10
Interest Paid -3-5-5-3-2-2-1-1-10
Dividend Paid -3-3-30000000
Others 1222-13-273-94010
Net Cash Flow 000002-2000
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)7.1718.74.353.291.621.891.10.391.554.06
ROCE (%)10.6115.627.16.624.524.232.3522.765.7
Asset Turnover Ratio1.321.131.070.920.50.490.490.460.370.66
PAT to CFO Conversion(x)-1-1.8810.517-2911INF-85
Working Capital Days
Receivable Days323441821132344958617
Inventory Days92135151125201261209130214147
Payable Days441768177811167

Surana Solar Ltd Stock News

Surana Solar Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Surana Solar on 28-Mar-2024 16:01 is ₹31.89.
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 28-Mar-2024 16:01 the market cap of Surana Solar stood at ₹161.2.
The latest P/E ratio of Surana Solar as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of Surana Solar as of 28-Mar-2024 16:01 is 2.86.
The 52-week high of Surana Solar is ₹44.03 and the 52-week low is ₹14.74.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Surana Solar is ₹21.58 ( Cr.) .

About Surana Solar Ltd

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