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Bright Solar

BRIGHT NSE
₹2.80

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P/E
Not meaningful: loss-making over the last twelve months
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MCP

No trades in 1Y · Last traded

Key Fundamentals

Price-based figures at the close · TTM

ROCE
0.03%
Debt to Equity
0.03
EPS (TTM)
−₹0.03
Book Value
—
Market Cap
—
P/E (TTM)
Not meaningful: loss-making over the last twelve months
P/B
—
ROE
−0.68%
Dividend Yield
0.36%
EBITDA
—
52W High
—
52W Low
—

Peer Comparison

Industrials › Industrial Products › Compressors, Pumps & Diesel Engines

Bright Solar peer comparison
₹4,725.7055.34₹1,27,886 Cr15.461.42%30.20%39.50%₹12,662 Cr₹2,366 Cr
₹1,802.0047.96₹25,029 Cr7.250.41%17.50%14.60%₹7,937 Cr₹534 Cr
₹562.0539.78₹17,070 Cr7.980.51%19.00%22.10%₹4,146 Cr₹447 Cr
₹1,715.7036.49₹13,785 Cr5.300.40%17.30%20.40%₹4,664 Cr₹377 Cr
₹4,045.8047.74₹12,935 Cr20.741.82%43.00%57.10%₹1,457 Cr₹267 Cr
₹659.2046.72₹11,469 Cr6.760.66%18.40%24.70%₹2,726 Cr₹246 Cr
₹574.2028.19₹7,179 Cr5.792.18%22.70%30.30%₹1,788 Cr₹264 Cr
Bright Solar (this company)
₹2.80———0.36%−0.68%0.03%₹6 Cr−₹3 Cr
Median 8 companies₹1,187.4546.72₹13,785 Cr7.250.59%18.70%23.40%₹3,436 Cr₹322 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Key Insights

Strengths

2
  • Company is almost debt free.
  • Stock is trading at 0.24 times its book value

Weaknesses

6
  • The company has delivered a poor sales growth of -39.5% over past five years.
  • Promoter holding is low: 0.20%
  • Company has a low return on equity of -3.99% over last 3 years.
  • Contingent liabilities of Rs.2.20 Cr.
  • Company has high debtors of 2,123 days.
  • Working capital days have increased from 808 days to 1,825 days

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1216
OscillatorsStrong Bullish216
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
14.60
Bullish
MACD (12,26,9)
−0.99
Bearish
SMA (50)
6.13
Bearish
SMA (200)
7.95
Bearish

As of , the latest day with price data, so these readings are not current.

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2025; 1Y: fiscal year to Mar 2025 against Mar 2024.

Revenue

Revenue growth by window
10Y−27.56%
5Y−39.48%
3Y−35.83%
1Y−80.08%

Net profit

Net profit growth by window
10Y−29.47%
5Y−35.07%
3YTurned to profit
1YTurned to profit

Operating cash flow

Operating cash flow growth by window
10YOutflow narrowed by ₹3.37 Cr
5YTurned negative
3YTurned negative
1YOutflow narrowed by ₹3.91 Cr

Operating margin· change in pp

Operating margin growth by window
10Y−17.46 pp
5Y−16.56 pp
3Y+89.75 pp
1Y+26.89 pp

Trailing twelve months: The latest quarterly results are more than a year old.

Revenue by year

Revenue by year, ₹ crore
Mar 2016₹14.99 Cr
Mar 2017₹18.03 Cr
Mar 2018₹39.58 Cr
Mar 2019₹57.41 Cr
Mar 2020₹23.40 Cr
Mar 2021₹24.39 Cr
Mar 2022₹7.19 Cr
Mar 2023₹23.58 Cr
Mar 2024₹9.54 Cr
Mar 2025₹1.90 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2016₹0.71 Cr
Mar 2017₹1.71 Cr
Mar 2018₹6.20 Cr
Mar 2019₹2.34 Cr
Mar 2020₹0.52 Cr
Mar 2021₹0.18 Cr
Mar 2022−₹7.37 Cr
Mar 2023₹0.05 Cr
Mar 2024−₹6.00 Cr
Mar 2025₹0.06 Cr

Half-yearly Results

₹ Cr

Results for the period ended Mar 2026 were due by 30 May 2026 and are not in this table yet.

BRIGHT half-yearly results, ₹ crore
Particulars Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025
Sales
3.27
20.2
13.99
10.54
1.49
5.7
4.52
19.06
0.52
9.02
0.47
1.43
0.26
Expenses
2.61
19.46
13.39
10.61
4.11
10.3
4.45
19.15
1.05
12.08
0.61
1.49
0.41
Operating Profit
0.66
0.74
0.6
−0.07
−2.62
−4.6
0.07
−0.09
−0.53
−3.06
−0.14
−0.06
−0.15
OPM %
20.18%
3.66%
4.29%
−0.66%
−175.84%
−80.7%
1.55%
−0.47%
−101.92%
−33.92%
−29.79%
−4.2%
−57.69%
Other Income
0.05
0.12
0.05
0.21
0.05
0.25
0.5
−0.05
−2.51
0.2
0.19
0.21
0.06
Interest
0.04
0.04
0.04
0.06
0.01
0.05
0.02
0.02
0.02
0.01
0
0.01
0.01
Depreciation
0.21
0.22
0.2
0.2
0.19
0.21
0.16
0.16
0.04
0.03
0.02
0.01
0.01
PBT
0.46
0.6
0.41
−0.12
−2.77
−4.61
0.39
−0.32
−3.1
−2.9
0.03
0.13
−0.11
Tax %
28.26%
70%
26.83%
0%
0%
0%
23.08%
−25%
0%
0%
0%
76.92%
0%
Net Profit
0.34
0.18
0.3
−0.12
−2.77
−4.61
0.3
−0.24
−3.1
−2.9
0.03
0.02
−0.11
EPS (₹)
0.14
0.07
0.12
−0.05
−1.11
−1.85
0.12
−0.1
−1.24
−1.16
0.01
0.01
−0.04

Profit & Loss

₹ Cr
BRIGHT profit and loss, annual, ₹ crore
Particulars Mar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Sales
1.48
47.76
14.99
18.03
39.58
57.41
23.4
24.39
7.19
23.58
9.54
1.9
Expenses
1.45
44.45
13.71
14.99
29.89
53.32
21.99
23.66
14.4
23.6
13.11
2.1
Operating Profit
0.03
3.31
1.28
3.04
9.69
4.09
1.41
0.73
−7.21
−0.02
−3.57
−0.2
OPM %
2.03%
6.93%
8.54%
16.86%
24.48%
7.12%
6.03%
2.99%
−100.28%
−0.08%
−37.42%
−10.53%
Other Income
0
0.05
0.44
0.1
0.3
0.43
0.17
0.26
0.3
0.45
−2.32
0.4
Interest
0
0.28
0.6
0.53
0.33
0.08
0.09
0.3
0.06
0.04
0.03
0.01
Depreciation
0
0.11
0.08
0.06
0.11
0.42
0.42
0.4
0.4
0.32
0.07
0.03
PBT
0.03
2.97
1.04
2.55
9.55
4.02
1.07
0.29
−7.37
0.07
−5.99
0.16
Tax %
33.33%
34.01%
32.69%
33.33%
35.08%
41.79%
51.4%
37.93%
0%
14.29%
0%
62.5%
Net Profit
0.02
1.97
0.71
1.71
6.2
2.34
0.52
0.18
−7.37
0.05
−6
0.06
EPS (₹)
—
1.52
0.39
0.95
3.39
0.94
0.21
0.07
−2.96
0.02
−2.4
0.02
Div. Payout %
0%
6.73%
21.13%
0%
2.42%
8.72%
39.23%
11.33%
0%
0%
0%
0%

Balance Sheet

₹ Cr
BRIGHT balance sheet, annual, ₹ crore
Particulars Mar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital
0.01
1.06
1.5
1.5
15
20.4
20.4
20.4
20.4
20.4
25
25
Reserves
0.03
3.06
7.16
8.69
1.39
17.53
17.8
17.77
10.37
10.43
4.43
4.49
Borrowings
1.24
6.16
3.34
2.67
1.41
0.48
0.7
0.51
3.62
1.83
0.97
0.97
Other Liabilities
2.05
28.64
10.12
19.78
11.98
12.31
14.47
11.69
6.51
14.7
6.67
7.13
Total Liabilities
3.33
38.92
22.12
32.64
29.78
50.72
53.37
50.37
40.9
47.36
37.07
37.59
Fixed Assets
0.01
0.27
0.2
0.15
0.39
0.69
4.46
4.35
4.42
4.3
0.38
0.11
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
0
0.13
0.85
0
0
0
0.23
0.28
0.94
0.72
0.49
0.48
Other Assets
3.32
38.52
21.07
32.49
29.39
50.03
48.68
45.74
35.54
42.34
36.2
37
Total Assets
3.33
38.92
22.12
32.64
29.78
50.72
53.37
50.37
40.9
47.36
37.07
37.59

Cash Flow

₹ Cr
BRIGHT cash flow, annual, ₹ crore
Particulars Mar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating
0
−4.66
3.01
1.24
5.93
−11.59
1.95
0.14
1.02
−7.63
−5.2
−1.29
Investing
0
0.05
−0.63
0
−7.55
−6.76
−0.45
−0.86
−1.23
7.53
2.01
−0.06
Financing
0
4.62
−0.64
−0.76
0.22
18.09
−0.08
−0.42
0.11
−0.15
4.49
0.09
Net Cash Flow
0
0.01
1.74
0.48
−1.4
−0.25
1.42
−1.15
−0.1
−0.24
1.31
−1.27
Free Cash Flow
0
−4.65
2.99
1.24
5.67
−12.02
−1.96
0.13
0.85
−7.62
−3.89
−0.89
CFO/EBITDA
0
−134
263
51
86
−231
225
115
−17
37,500
146
645

Ratios

BRIGHT financial ratios, annual
Particulars Mar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
232
273
118
300
121
68.16
306
136
321
195
379
2,123
Inventory Days
—
8.78
23.95
0
41.46
—
—
—
111
—
42.25
138
Days Payable
—
218
134
—
117
—
—
—
140
—
100
697
Cash Conversion Cycle
232
64.29
8.41
300
45.29
68.16
306
136
292
195
321
1,564
Working Capital Days
293
58.08
204
89.48
47.49
122
281
273
513
279
321
1,825
ROCE %
4.11%
—
14.72%
24.78%
64.38%
14.59%
3%
1.52%
−20.01%
0.33%
−10.85%
0.03%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Bright Solar insights

57 extracted metrics across FY12–FY26.

Shareholding Pattern

As of Mar 2026

  • Public 99.79%
  • Promoters 0.20%
  • Government 0.01%

Pledge data not available

Change vs previous quarter

Documents

Frequently Asked Questions about Bright Solar

What does Bright Solar Ltd do?
Incorporated in 2010, Bright Solar Ltd is into assembling of DC/AC Solar Pumps and Solar Pump Systems, EPC contracts of Solar Photo voltaic Water pumps, consulting of Projects and tenders, Water supply and Sewerage Infra Project
Where is Bright Solar Ltd (BRIGHT) listed?
Bright Solar Ltd trades as BRIGHT on the NSE.
Which sector does Bright Solar Ltd belong to?
Bright Solar Ltd is classified under the Industrials sector, in the Industrial Products industry.
Does Bright Solar Ltd pay dividends?
Bright Solar Ltd has a dividend yield of 0.36%.
What is the Return on Equity (ROE) of Bright Solar Ltd?
Bright Solar Ltd reported a return on equity of -0.68%. Its debt-to-equity ratio is 0.03.

Company Information

Incorporated in 2010, Bright Solar Ltd is into assembling of DC/AC Solar Pumps and Solar Pump Systems, EPC contracts of Solar Photo voltaic Water pumps, consulting of Projects and tenders, Water supply and Sewerage Infra Project

CEO Dr. Yogesh Jiwanlal Lakhani
Employees 91
Face Value ₹10

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