---
title: "Australian Premium Solar (India) Ltd (APS) — Share Price, Financials & Analysis"
symbol: "APS"
company: "Australian Premium Solar (India) Ltd"
canonical: "https://tapetide.com/stocks/APS"
isin: "INE0P0001010"
nse_symbol: "APS"
sector: "Capital Goods"
industry: "Electrical Equipment"
market_cap_cr: 475.88
generated_at: "2026-09-13T18:36:14.952Z"
---

# Australian Premium Solar (India) Ltd (APS)

Canonical page: https://tapetide.com/stocks/APS

## Company

- **NSE Symbol:** APS
- **ISIN:** INE0P0001010
- **Sector:** Capital Goods
- **Industry:** Electrical Equipment
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2024-01-18
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** australianpremiumsolar.co.in

## About

Incorporated in 2013, Australian Premium Solar Ltd is a solar panel and inverter manufacturer, and an EPC services provider.[1]

## Latest Price

- **Price:** ₹239.3
- **Change:** +1.35 (+0.57%)
- **Open:** ₹235
- **Day High:** ₹244.85
- **Day Low:** ₹235
- **Previous Close:** ₹237.95
- **Volume:** 14750
- **As Of:** 2026-09-11T09:59:25+00:00

## Key Fundamentals

Observed at 2026-09-11T04:42:55.465342Z.

- **Market Cap:** ₹475.88 Cr
- **Classification:** SME
- **P/E (reported):** 8.3
- **Book Value:** ₹81.44
- **Price to Book:** 2.92
- **Dividend Yield:** 0.04%
- **ROE:** 45.44%
- **ROCE:** 56.01%
- **Debt to Equity:** 0.27
- **Revenue (yearly):** ₹707.96 Cr
- **Net Income:** ₹60.55 Cr
- **EBITDA:** ₹94.82 Cr
- **52-Week High:** ₹543.95
- **52-Week Low:** ₹228
- **RSI (14):** 38.66

## Tapetide Score

- **Score:** 55 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Fair · Momentum: Falling
- **Percentile:** 70.1 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 68.61 | 9% |
| growth | 96.68 | 9% |
| momentum | 21.16 | 12% |
| ownership | 50.08 | 24% |
| quality | 61.07 | 22% |
| valuation | 51.73 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has delivered good profit growth of 99.2% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 45.5%

### Weaknesses

- Debtor days have increased from 57.2 to 94.8 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 662.21% | — | 284.57% |
| ebitda margin growth | 3.29% | 0.38% | — | — |
| net income growth | -5.44% | 51% | 158% | 99% |
| revenue growth | -2.28% | 60.5% | 94% | 56% |
| roce | -3.75% | — | — | — |
| roe | -5.44% | — | — | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 47 | 81 | 75 | 164 | 270 | 301 | 388 |
| Expenses | 44 | 77 | 70 | 145 | 233 | 259 | 338 |
| Operating Profit | 3 | 4 | 5 | 19 | 37 | 42 | 50 |
| OPM % | 6 | 5 | 6 | 12 | 14 | 14 | 13 |
| Other Income | 0 | 0 | 0 | 0 | 2 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 1 | 2 | 3 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 4 | 6 |
| Profit before tax | 2 | 3 | 4 | 18 | 35 | 37 | 42 |
| Tax % | 28 | 22 | 25 | 25 | 26 | 25 | 32 |
| Net Profit | 2 | 3 | 3 | 13 | 26 | 28 | 28 |
| EPS in Rs | 825 | 1.8 | 1.56 | 6.65 | 13.2 | 13.95 | 14.08 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 50 | 74 | 98 | 94 | 149 | 433 | 689 |
| Expenses | 47 | 70 | 93 | 88 | 140 | 377 | 596 |
| Operating Profit | 3 | 4 | 5 | 6 | 9 | 56 | 93 |
| OPM % | 5 | 4.9 | 5 | 6 | 6 | 13 | 13 |
| Other Income | 0 | 0 | 0 | 0 | 1 | 2 | 1 |
| Interest | 0 | 0 | 0 | 1 | 0 | 1 | 5 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 4 | 9 |
| Profit before tax | 2 | 2 | 4 | 5 | 8 | 53 | 79 |
| Tax % | 27 | 25 | 26 | 28 | 25 | 26 | 29 |
| Net Profit | 1 | 2 | 3 | 3 | 6 | 39 | 57 |
| EPS in Rs | 610 | 900 | 1350 | 1650 | 3.12 | 19.82 | 28.04 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.02 | 0.02 | 0.02 | 0.02 | 20 | 20 | 20 |
| Reserves | 7 | 8 | 11 | 15 | 28 | 68 | 142 |
| Borrowings | 1 | 3 | 3 | 2 | 10 | 8 | 44 |
| Other Liabilities | 18 | 23 | 21 | 22 | 23 | 113 | 180 |
| Total Liabilities | 26 | 35 | 35 | 39 | 80 | 208 | 386 |
| Fixed Assets | 5 | 8 | 7 | 7 | 19 | 30 | 67 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 1 | 1 | 0 | 0 | 0 | 0 |
| Other Assets | 21 | 26 | 27 | 32 | 61 | 178 | 319 |
| Total Assets | 26 | 35 | 35 | 39 | 80 | 208 | 386 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | 5 | 3 | 3 | -5 | 24 | -4 |
| Cash from Investing Activity | — | -6 | -1 | -3 | -13 | -14 | -45 |
| Cash from Financing Activity | — | 2 | -1 | -1 | 35 | -2 | 54 |
| Net Cash Flow | — | 1 | 2 | -1 | 16 | 9 | 4 |
| Free Cash Flow | — | 1 | 3 | 1 | -19 | 9 | -50 |
| CFO/OP | — | 149 | 59 | 56 | -45 | 46 | 10 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 36 | 14 | 11 | 38 | 40 | 36 | 95 |
| Inventory Days | 48 | 51 | 30 | 22 | 12 | 51 | 34 |
| Days Payable | 141 | 118 | 67 | 88 | 48 | 90 | 88 |
| Cash Conversion Cycle | -57 | -53 | -26 | -28 | 5 | -3 | 41 |
| Working Capital Days | 18 | 1 | 6 | 22 | 46 | 31 | 53 |
| ROCE % | — | 28 | 31 | 33 | 23 | 71 | 56 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 99.98% | 73.64% | 73.64% | 74.26% | 72.97% | 72.52% | 72.62% | 72.62% |
| FIIs | 0% | 1.42% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0.1% | 0% | 0% | 0% | 0.56% | 0.46% | 0.47% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0.01% | 18.9% | 23.19% | 22.97% | 23.52% | 24.08% | 24.26% | 24.26% |
| Others | 0% | 5.94% | 3.17% | 2.76% | 3.52% | 2.84% | 2.66% | 2.66% |
| No. of Shareholders | 7 | 1126 | 2993 | 3737 | 4117 | 4914 | 5269 | 5368 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 4 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 245.7 | Sell |
| EMA (10) | 245.34 | Sell |
| SMA (20) | 248.41 | Sell |
| EMA (20) | 249.22 | Sell |
| SMA (50) | 264.44 | Sell |
| EMA (50) | 264.56 | Sell |
| SMA (100) | 299.47 | Sell |
| EMA (100) | 288.4 | Sell |
| SMA (200) | 323.88 | Sell |
| EMA (200) | 326.48 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 39.85 | Neutral |
| MACD (12,26,9) | -5.79 | Buy |
| Stochastic (14,3,3) | 9.5 | Buy |
| ADX (14) | 22.9 | Neutral |
| Williams %R (14) | -88.93 | Buy |
| ATR (14) | 10.61 | High Volatility |
| ROC (12) | -4.09 | Sell |
| Stoch RSI (14) | 9.67 | Buy |
| UO (7,14,28) | 32.43 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Jul - Responded to NSE query; submitted audited FY26 standalone and consolidated results with revised XBRL after clerical error. | [Reply to Clarification- Financial results 9 Jul - Responded to NSE query; submitted audited FY26 standalone and consolidated results with revised XBRL after clerical error.](https://nsearchives.nseindia.com/corporate/APS_30062026191057_ReplyToNSE30062026.pdf) |
| 8 Sep - AGM notice published on September 8, 2026; annual report and e-voting instructions issued for FY2025-26. | [Copy of Newspaper Publication 8 Sep - AGM notice published on September 8, 2026; annual report and e-voting instructions issued for FY2025-26.](https://nsearchives.nseindia.com/corporate/APS_08092026112258_NewspaperAdvt08092026.pdf) |
| 8 Sep - 13th AGM on September 29, 2026; annual report 2025-26 web-link shared with members. | [General Updates 8 Sep - 13th AGM on September 29, 2026; annual report 2025-26 web-link shared with members.](https://nsearchives.nseindia.com/corporate/APS_08092026112634_WeblinkIntimationLetter.pdf) |
| 8 November 2025 - Audio recording of H1 FY26 (ended Sep 30, 2025) earnings conference call available online. | [Analysts/Institutional Investor Meet/Con. Call Updates 8 November 2025 - Audio recording of H1 FY26 (ended Sep 30, 2025) earnings conference call available online.](https://nsearchives.nseindia.com/corporate/APS_08112025102542_AudioRecordingH1FY26.pdf) |
| 8 April 2026 - Regulation 74(5) certificate for quarter ended 31 March 2026 submitted. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 April 2026 - Regulation 74(5) certificate for quarter ended 31 March 2026 submitted.](https://nsearchives.nseindia.com/corporate/APS_08042026114723_RTACertificateRegulation74.pdf) |
| 7 Sep - 13th AGM scheduled for September 29, 2026; annual report and e-voting dates announced. | [Shareholders meeting 7 Sep - 13th AGM scheduled for September 29, 2026; annual report and e-voting dates announced.](https://nsearchives.nseindia.com/corporate/APS_07092026165514_AnnualReportwithNoticeof13AGM.pdf) |
| 7 Jul - Submitted Regulation 74(5) certificate for quarter ended 30 June 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 Jul - Submitted Regulation 74(5) certificate for quarter ended 30 June 2026.](https://nsearchives.nseindia.com/corporate/APS_07072026121023_RTACertificate.pdf) |
| 7 Jan - Registrar's certificate confirming dematerialisation processing for quarter ended 31 December 2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Jan - Registrar's certificate confirming dematerialisation processing for quarter ended 31 December 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2befdde3-8131-44fc-a39e-e63a89a539e1.pdf) |
| 6 November 2025 - Investor presentation H1 FY26: Total income Rs302.93cr, EBITDA Rs43.28cr, PAT Rs28.60cr, dated Nov 6, 2025. | [Investor Presentation 6 November 2025 - Investor presentation H1 FY26: Total income Rs302.93cr, EBITDA Rs43.28cr, PAT Rs28.60cr, dated Nov 6, 2025.](https://nsearchives.nseindia.com/corporate/APS_06112025115003_InvestorPresentationH1FY26.pdf) |
| 6 January 2026 - Confirmation certificate under Reg 74(5) for quarter ended 31 Dec 2025 by MUFG Intime. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 6 January 2026 - Confirmation certificate under Reg 74(5) for quarter ended 31 Dec 2025 by MUFG Intime.](https://nsearchives.nseindia.com/corporate/APS_06012026113509_ConfirmationCertificateREG74.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31698_APS_2025_2026_A_5862705_07092026165854.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28600_APS_2024_2025_A_4738638_05092025172330.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25909_APS_2023_2024_05092024202428.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3dff78b7-acb4-4b63-9b28-cb1e0b19e3ec.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a092bf9d-47ac-4945-a340-5f6470f36d5c.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b4f5fb6c-32f6-41b7-aeb8-2a2998fe9bce.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/514240/74313514240.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/514240/69476514240.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/514240/65213514240.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/514240/5142400319.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2024 | [Concall - Oct 2024](https://nsearchives.nseindia.com/corporate/APS_30102024145849_IntimationofTranscriptofMeeting.pdf) |
| May 2025 | [Concall - May 2025](https://nsearchives.nseindia.com/corporate/APS_27052025142059_TranscriptofH2FY25.pdf) |
| Jul 2025 | [Concall - Jul 2025](https://nsearchives.nseindia.com/corporate/APS_30072025172048_InvestorPrenestationQ1FY26.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://nsearchives.nseindia.com/corporate/APS_21022025120215_IntimationofTransciptofMeet.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://nsearchives.nseindia.com/corporate/APS_04082025155248_TransciptofEarningsCall30062025.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:36:14.952Z.