Sungarner Energies Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: SEL | Power Generation/Distribution | Small Cap

BSE Share Price
Not Listed

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Sungarner Energies stock performance -

mw4me loader
P/E Ratio (SA):
107.81
Market Cap:
80.1 Cr.
52-wk low:
0
52-wk high:
0

Is Sungarner Energies Ltd an attractive stock to invest in?

1. Is Sungarner Energies Ltd a good quality company?

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

2. Is Sungarner Energies Ltd undervalued or overvalued?

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

3. Is Sungarner Energies Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sungarner Energies 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 Sungarner Energies:

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.
Sungarner Energies 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'21Mar'22Mar'23TTM
ROCE % 11.1%23.5%16.6%-
Value Creation
Index
-0.20.70.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5.47.917.317
Sales YoY Gr.-48.1%118.1%-
Adj EPS 1.24.54.43.2
YoY Gr.-265.9%-1.3%-
BVPS (₹) 7.712.219.136.7
Adj Net
Profit
0.20.60.71
Cash Flow from Ops. 0.1-0.7-2.2-
Debt/CF from Ops. 10.9-3.3-1.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANA118.1%
Adj EPS NANANA-1.3%
BVPSNANANA56.2%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'21Mar'22Mar'23TTM
Return on
Equity %
15.945.131.311.5
Op. Profit
Mgn %
7.212.27.3NAN
Net Profit
Mgn %
2.97.24.34.3
Debt to
Equity
1.11.51.3-
Working Cap
Days
01251250
Cash Conv.
Cycle
070830

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 11.50%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Debt to equity has increased versus last 3 years average to 1.32

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Sungarner Energies Ltd.

Standalone Consolidated
TTM EPS (₹) 3.2 -
TTM Sales (₹ Cr.) 17.3 -
BVPS (₹.) 36.7 -
Reserves (₹ Cr.) 6 -
P/BV 9.41 -
PE 107.81 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 80.1
Equity (₹ Cr.) 2.3
Face Value (₹) 10
Industry PE 22.5

Management X-Ray of Sungarner Energies:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Sungarner Energies

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23
Sales5.367.9417.32
Operating Expenses 4.986.9716.06
Manufacturing Costs3.514.6311.86
Material Costs0-0.25-0.33
Employee Cost 1.081.892.78
Other Costs 0.390.701.75
Operating Profit 0.380.971.26
Operating Profit Margin (%) 7.2%12.2%7.3%
Other Income 00.040.34
Interest 0.100.160.28
Depreciation 0.060.070.11
Exceptional Items 000
Profit Before Tax 0.230.771.21
Tax 0.070.200.47
Profit After Tax 0.160.580.74
PAT Margin (%) 2.9%7.2%4.3%
Adjusted EPS (₹)1.24.54.4
Dividend Payout Ratio (%)0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 0.991.563.21
Share Capital 0.470.471.68
Reserves 0.521.101.53
Minority Interest000
Debt1.042.274.24
Long Term Debt0.250.570.21
Short Term Debt0.781.704.03
Trade Payables0.820.941.44
Others Liabilities 0.340.601.26
Total Liabilities 3.185.3610.15

Fixed Assets

Gross Block1.551.952.31
Accumulated Depreciation0.230.290.41
Net Fixed Assets1.331.661.90
CWIP 00.010
Investments 000
Inventories0.802.104.35
Trade Receivables0.921.292.78
Cash Equivalents 0.050.040.08
Others Assets0.090.261.04
Total Assets 3.185.3610.15

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23
Cash Flow From Operating Activity 0.10-0.69-2.22
PBT 0.230.771.21
Adjustment 0.150.210.38
Changes in Working Capital -0.22-1.45-3.55
Tax Paid -0.06-0.22-0.26
Cash Flow From Investing Activity -0.12-0.41-0.35
Capex -0.12-0.41-0.35
Net Investments 000
Others 000
Cash Flow From Financing Activity 0.071.092.61
Net Proceeds from Shares 000.90
Net Proceeds from Borrowing 0.130.31-0.36
Interest Paid -0.09-0.14-0.27
Dividend Paid 000
Others 0.030.922.33
Net Cash Flow 0.05-0.010.04
PARTICULARSMar'21Mar'22Mar'23
Ratios
ROE (%)15.9245.1131.17
ROCE (%)16.0131.9526.33
Asset Turnover Ratio1.691.862.23
PAT to CFO Conversion(x)0.63-1.19-3
Working Capital Days
Receivable Days635143
Inventory Days546768
Payable Days0-1,268-1,296

Sungarner Energies Ltd Stock News

Sungarner Energies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sungarner Energies on 01-Jan-1970 05:30 is ₹0.00.
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 Sungarner Energies stood at ₹80.11.
The latest P/E ratio of Sungarner Energies as of 01-Jan-1970 05:30 is 107.8.
The latest P/B ratio of Sungarner Energies as of 01-Jan-1970 05:30 is 9.41.
The 52-week high of Sungarner Energies is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sungarner Energies is ₹17.32 ( Cr.) .

About Sungarner Energies Ltd

The company was originally incorporated as a private limited Company under the Companies Act, 2013 in the name and style of ‘Sungarner Energies Private Limited’, dated April 30, 2015 issued by the Registrar of Companies, Delhi. Subsequently the Company altered its objects pursuant to a shareholders’ resolution passed at an extra-ordinary general meeting held on January 31, 2022, and a certificate of confirming alteration of object clause dated February 27, 2020, was issued by Registrar of Companies, Delhi. Subsequently, the name of the company was changed to ‘Sungarner Energies Limited’ pursuant to a shareholders’ resolution passed at an annual general meeting held on September 30 2022, and a fresh certificate of incorporation dated November 17, 2022 was issued by Registrar of Companies, Delhi.

Sungarner Energies Limited (SEL) was founded and promoted by Mr Sumit Tiwari in year 2015, with a motive of providing efficient and low-cost power solutions. The company is offering a wide range of power solutions such as Solar Power, UPS, Batteries, Inverters and Solar Panels. It provides solutions like design and engineering services in power sector to its customers. 

At the start of its Journey ‘SEL’ was a Design Engineering and Solar EPC company and gradually company also diversified into Manufacturing of Power Electronics and Energy Storage Products. The company is also into manufacturing of Solar Inverters, Online UPS Systems, EV Chargers, and Lead Acid Batteries. The company has also obtained WMI code for manufacturing of EV Vehicles (although it has only developed prototype only and has not started full scale manufacturing of EV Vehicles). Company recognized the need for a dedicated R&D facility to innovate new product lines and it established a mid-size-in-house R&D facility in 2017 and staffed it with experts who will help the Company is Development of efficient power electronic product such as solar inverter, EV Chargers, harmonic filters, BMS system and Lithium Iron batteries. 

Further, Research and development activities focus on the innovation of new products or services in a company. Among the primary purposes of R&D activities is for a company to remain competitive as it produces products that advance and elevate its current product line.  Sungarner Energies produces lead acid batteries. SunGarner Products are available through its Distributors in to be successful in Lead acid batteries business apart from quality product distribution & Brand recognition is the backbone for growth in revenue. It has already established distribution network in some of the key market.

Business area of the company 

The company is primarily engaged in the business of manufacturing of the solar Invertor and in the trading of batteries. Further it also engaged in the providing services such as Solar Power Plants Projects, Solar Power Generation System and Operation & maintenance.

Products of the company

  • Solar invertors
  • Rooftops
  • Inverter batteries
  • Online UPS
  • PV module

History and milestone

  • 2015: Incorporation of the company.
  • 2016: Backed orders from DLF, Shapoorji Palonji, Modi group for its various power plants across India.
  • 2017: Alteration of object clause of the Memorandum of Association by adding business of Manufacturing and/or assembly of Electric Vehicles, Electric Vehicle Conversion KIT and Lead Acid and Lithium-Ion Batteries.
  • 2017: Formation of In-house R&D team for Industrial application at Gorakhpur.
  • 2017: IIT, BHU recommendation received for its development of Solar Online UPS as innovative product.
  • 2018: Manufacturing of power electronic products such as solar inverter, UPS etc. Further, started establishment of largest solar power plant for industrial application at Gorakhpur.
  • 2021: Its First International Project was funded by UNDP to Bhutan Power Corporations for its Largest Solar Power Plant in Bhutan which was completed in 2021.
  • 2022: It has done its largest solar project of Rs 500 crore of 900 KW and 378KW of VN Dyers & Processors in Gorakhpur.
  • 2022: Alteration of Name clause of Memorandum of Association and subsequently the company was converted from Private Limited Company into Public Company.  

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