Surana Solar
Capital Goods
SURANASOL NSE
₹21.58 +0.48 (+2.27%)
- P/E
- Not meaningful: last twelve months’ earnings are mostly a one-off item
Close 4 Nov 2026 ₹21.58 −9.45 −30.5% 1Y
Start ₹31.03
Key Fundamentals
MicrocapCommercial ServicesServicesPrice-based figures as of · EPS basis: Standalone · TTM
- ROCE
- −0.35%
- Debt to Equity
- 0.00
- EPS (TTM)
- ₹1.30
- Book Value
- ₹12.94
- Market Cap
- —
- P/E (TTM)
- Not meaningful: last twelve months’ earnings are mostly a one-off item
- P/B
- 1.67
- ROE
- −1.88%
- Dividend Yield
- 0.00%
- EBITDA
- ₹1.60 Cr
- 52W High
- ₹32.50
- 52W Low
- ₹18.31
- Day Range
- ₹20.85 – ₹21.60
- Volume
- 87,994
Peer Comparison
Industrials › Capital Goods › Electrical Equipment › Heavy Electrical Equipment
| ₹423.85 | 51.25 | ₹1,46,351 Cr | 5.52 | 0.35% | 6.23% | 9.14% | ₹37,782 Cr | ₹2,878 Cr | |
| ₹6,750.00 | 47.87 | ₹1,40,908 Cr | 15.32 | 1.36% | 22.40% | 29.90% | ₹13,477 Cr | ₹2,988 Cr | |
| ₹841.45 | 96.28 | ₹1,27,312 Cr | 15.17 | 0.16% | 20.50% | 26.70% | ₹13,699 Cr | ₹1,364 Cr | |
| ₹29,100.00 | 112.75 | ₹1,24,045 Cr | 25.06 | 0.03% | 21.90% | 29.40% | ₹9,162 Cr | ₹1,149 Cr | |
| ₹3,509.00 | — | ₹1,22,035 Cr | 9.03 | 0.53% | 19.20% | 21.40% | ₹18,062 Cr | ₹3,276 Cr | |
| ₹4,265.00 | 83.66 | ₹1,04,523 Cr | 33.15 | 0.25% | 57.40% | 77.40% | ₹6,712 Cr | ₹1,305 Cr | |
| ₹2,963.00 | 70.90 | ₹1,01,562 Cr | 21.93 | 0.14% | 50.50% | 67.80% | ₹9,436 Cr | ₹1,489 Cr | |
| Surana Solar (this company) | ₹21.58 | — | ₹104 Cr | 1.67 | 0.00% | −1.88% | −0.35% | ₹36 Cr | ₹6 Cr |
| Median 8 companies | ₹3,236.00 | 77.28 | ₹1,23,040 Cr | 15.25 | 0.21% | 21.20% | 28.05% | ₹11,457 Cr | ₹1,427 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.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
46 Average
Data confidence 98/100
Category scores
- Quality
- 30
- Poor
- Returns, margins, earnings quality 22% weight
- Valuation
- 45
- Weak
- Cheap vs sector & own history 24% weight
- Growth
- 71
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 58
- Good
- Solvency, leverage, coverage 9% weight
- Momentum
- 30
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 51
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Company is almost debt free.
Weaknesses
5- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -5.70% over past five years.
- Company has a low return on equity of 0.14% over last 3 years.
- Earnings include an other income of Rs.10.9 Cr.
- Promoter holding has decreased over last 3 years: -18.2%
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 13 | 5 | 1 |
| Oscillators | Bearish | 3 | 5 | 1 |
| Moving Averages | Strong Bearish | 10 | 0 | 0 |
Oscillators
Bearish
Bearish
3
Neutral
5
Bullish
1
Overall
Strong Bearish
Bearish
13
Neutral
5
Bullish
1
Moving Averages
Strong Bearish
Bearish
10
Neutral
0
Bullish
0
Key readings
- RSI (14)
- 36.51
- Neutral
- MACD (12,26,9)
- −0.87
- Bearish
- SMA (50)
- 24.25
- Bearish
- SMA (200)
- 24.97
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | −16.14% |
|---|---|
| 5Y | −5.70% |
| 3Y | −20.96% |
| 1Y | −46.31% |
| TTM | +21.57% |
Net profit
| 10Y | −5.27% |
|---|---|
| 5Y | +42.64% |
| 3Y | −18.37% |
| 1Y | Tiny base |
| TTM | Tiny base |
Operating cash flow
| 10Y | −12.84% |
|---|---|
| 5Y | −2.12% |
| 3Y | −18.81% |
| 1Y | +251.66% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −22.79 pp |
|---|---|
| 5Y | −34.29 pp |
| 3Y | −18.34 pp |
| 1Y | −16.51 pp |
| TTM | +2.82 pp |
Revenue by year
| Mar 2017 | ₹84.09 Cr |
|---|---|
| Mar 2018 | ₹39.12 Cr |
| Mar 2019 | ₹34.74 Cr |
| Mar 2020 | ₹33.17 Cr |
| Mar 2021 | ₹27.94 Cr |
| Mar 2022 | ₹24.83 Cr |
| Mar 2023 | ₹42.18 Cr |
| Mar 2024 | ₹17.71 Cr |
| Mar 2025 | ₹38.80 Cr |
| Mar 2026 | ₹20.83 Cr |
Net profit by year
| Mar 2017 | ₹1.67 Cr |
|---|---|
| Mar 2018 | ₹0.84 Cr |
| Mar 2019 | ₹1.00 Cr |
| Mar 2020 | ₹0.59 Cr |
| Mar 2021 | ₹0.21 Cr |
| Mar 2022 | ₹0.85 Cr |
| Mar 2023 | ₹2.28 Cr |
| Mar 2024 | −₹1.26 Cr |
| Mar 2025 | ₹0.06 Cr |
| Mar 2026 | ₹1.24 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6.6 | 2.77 | 4.4 | 3.93 | 11.36 | 14.28 | 10.64 | 2.52 | 2.09 | 2.58 | 2.56 | 13.61 | 17.15 | 10.23 |
| Expenses | 6.22 | 4.21 | 3.9 | 3.63 | 10.89 | 13.52 | 10.33 | 3.52 | 3.74 | 4.91 | 1.8 | 13.52 | 16.58 | 9.19 |
| Operating Profit | 0.38 | −1.44 | 0.5 | 0.3 | 0.47 | 0.76 | 0.31 | −1 | −1.65 | −2.33 | 0.76 | 0.09 | 0.57 | 1.03 |
| OPM % | 5.76% | −51.99% | 11.36% | 7.63% | 4.14% | 5.32% | 2.91% | −39.68% | −78.95% | −90.31% | 29.69% | 0.66% | 3.32% | 10.07% |
| Other Income | 0.65 | 0.32 | 0.28 | 0.1 | 0.32 | 0.26 | 0.18 | 0.42 | 2.37 | 3.67 | 0.18 | 0.71 | 6.36 | 0.54 |
| Interest | 0.01 | 0.03 | 0.01 | 0.03 | 0.03 | 0.07 | 0.01 | 0.05 | 0.04 | 0.06 | 0.07 | 0.06 | 0.01 | 0 |
| Depreciation | 0.66 | 0.54 | 0.44 | 0.27 | 0.44 | 0.47 | 0.26 | 0.36 | 0.31 | 0.55 | 0.58 | 0.56 | 0.55 | 0.54 |
| PBT | 0.36 | −1.69 | 0.33 | 0.1 | 0.32 | 0.48 | 0.22 | −0.99 | 0.37 | 0.73 | 0.29 | 0.18 | 6.37 | 1.03 |
| Tax % | 33.33% | −14.2% | 66.67% | 260% | 15.62% | 31.25% | 22.73% | −27.27% | 21.62% | 26.03% | 24.14% | −11.11% | 14.6% | 27.18% |
| Net Profit | 0.24 | −1.45 | 0.11 | −0.15 | 0.28 | 0.33 | 0.17 | −0.71 | 0.28 | 0.54 | 0.22 | 0.2 | 5.44 | 0.75 |
| EPS (₹) | 0.05 | −0.29 | 0.02 | −0.03 | 0.06 | 0.07 | 0.03 | −0.14 | 0.06 | 0.11 | 0.04 | 0.04 | 1.11 | — |
Sep 2026: from the results filed on 26 Oct 2026, ahead of the full statement, so some rows are blank.
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 125 | 121 | 84.09 | 39.12 | 34.74 | 33.17 | 27.94 | 24.83 | 42.18 | 17.71 | 38.8 | 20.83 | 35.9 |
| Expenses | 107 | 112 | 76.03 | 33.09 | 29.93 | 27.62 | 22.57 | 20.86 | 40.8 | 15.49 | 38.24 | 23.97 | 36.81 |
| Operating Profit | 18.02 | 9.35 | 8.06 | 6.03 | 4.81 | 5.55 | 5.37 | 3.97 | 1.38 | 2.22 | 0.56 | −3.14 | −0.91 |
| OPM % | 14.37% | 7.72% | 9.58% | 15.41% | 13.85% | 16.73% | 19.22% | 15.99% | 3.27% | 12.54% | 1.44% | −15.07% | −2.53% |
| Other Income | 0.38 | 1.19 | 0.41 | 0.58 | 1.27 | 1.01 | 0.41 | 0.87 | 4.75 | −1.13 | 1.18 | 6.93 | 10.92 |
| Interest | 5.29 | 4.44 | 3.28 | 2.16 | 1.94 | 0.86 | 0.82 | 0.54 | 0.19 | 0.08 | 0.17 | 0.23 | 0.2 |
| Depreciation | 2.93 | 2.99 | 2.75 | 3.17 | 2.84 | 4.95 | 4.55 | 3.08 | 2.63 | 1.91 | 1.53 | 2 | 2.24 |
| PBT | 10.18 | 3.11 | 2.44 | 1.28 | 1.3 | 0.75 | 0.41 | 1.22 | 3.31 | −0.9 | 0.04 | 1.56 | 7.57 |
| Tax % | 17.19% | 31.51% | 31.56% | 34.38% | 23.08% | 21.33% | 48.78% | 30.33% | 31.12% | 40% | −25% | 20.51% | — |
| Net Profit | 8.44 | 2.13 | 1.67 | 0.84 | 1 | 0.59 | 0.21 | 0.85 | 2.28 | −1.26 | 0.06 | 1.24 | 6.4 |
| EPS (₹) | 1.72 | 0.43 | 0.34 | 0.17 | 0.2 | 0.12 | 0.04 | 0.17 | 0.46 | −0.26 | 0.01 | 0.25 | 1.3 |
| Div. Payout % | 29.15% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 24.6 | 24.6 | 24.6 | 24.6 | 24.6 | 24.6 | 24.6 | 24.6 | 24.6 | 24.6 | 24.6 | 24.6 |
| Reserves | 23.25 | 25.37 | 27.04 | 27.89 | 28.89 | 29.48 | 29.69 | 30.54 | 32.82 | 31.56 | 31.62 | 32.86 |
| Borrowings | 66.18 | 48.57 | 22.84 | 25.11 | 22.54 | 6.5 | 7.35 | 10.38 | 0 | 0 | 0 | 0 |
| Other Liabilities | 11.83 | 5.77 | 10.23 | 3.06 | 3.12 | 3.78 | 2.34 | 2.98 | 2.02 | 2.71 | 3.62 | 9.91 |
| Total Liabilities | 126 | 104 | 84.71 | 80.66 | 79.15 | 64.36 | 63.98 | 68.5 | 59.44 | 58.87 | 59.84 | 67.37 |
| Fixed Assets | 29.57 | 27.2 | 29.03 | 25.88 | 27.06 | 30.68 | 26.4 | 23.61 | 19.65 | 13.85 | 10.41 | 24.54 |
| CWIP | 11.85 | 12.5 | 11.45 | 11.44 | 11.44 | 0 | 0 | 0 | 0 | 0 | 1.24 | 0 |
| Investments | 0.02 | 0 | 0 | 0 | 0 | 0 | 4.85 | 0.05 | 5.62 | 8.04 | 5.06 | 4.89 |
| Other Assets | 84.42 | 64.61 | 44.23 | 43.34 | 40.65 | 33.68 | 32.73 | 44.84 | 34.17 | 36.98 | 43.13 | 37.94 |
| Total Assets | 126 | 104 | 84.71 | 80.66 | 79.15 | 64.36 | 63.98 | 68.5 | 59.44 | 58.87 | 59.84 | 67.37 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | −14.87 | 20.99 | 34.12 | −1.61 | 8.67 | 10.8 | 5.91 | −8.16 | 9.92 | 0.11 | 1.51 | 5.31 |
| Investing | 0.18 | −1.03 | −3.36 | 0.14 | −3.98 | 3.76 | −5.1 | 5.16 | 0.29 | −0.01 | 4.7 | −7.97 |
| Financing | 14.34 | −20.27 | −30.43 | 1.13 | −2.62 | −16.81 | −0.79 | 2.95 | −10.09 | 0.06 | −5.72 | 2.74 |
| Net Cash Flow | −0.35 | −0.31 | 0.33 | −0.34 | 2.07 | −2.25 | 0.03 | −0.05 | 0.12 | 0.17 | 0.49 | 0.08 |
| Free Cash Flow | −15.24 | 19.71 | 30.6 | −1.62 | 4.66 | 14.54 | 5.64 | −8.44 | 11.22 | 1.71 | 2.21 | −9.26 |
| CFO/EBITDA | −73 | 231 | 431 | −19 | 188 | 197 | 112 | −196 | 809 | 24 | 404 | −172 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 30.6 | 52.01 | 95.15 | 31.72 | 15.34 | 78.35 | 106 | 52.18 | 2.94 | 4.53 | 4.61 | 9.64 |
| Inventory Days | 232 | 159 | 95.62 | 383 | 415 | 200 | 158 | 419 | 135 | 551 | 165 | 356 |
| Days Payable | 8.25 | 3.36 | 10.92 | 4.9 | 8.31 | 6.78 | 13.52 | 16.79 | 5.19 | 7.01 | 5.25 | 20.94 |
| Cash Conversion Cycle | 255 | 208 | 180 | 410 | 422 | 272 | 251 | 454 | 132 | 549 | 165 | 345 |
| Working Capital Days | 32.43 | 70.74 | 53.95 | 230 | 346 | 262 | 295 | 296 | 193 | 500 | 218 | 256 |
| ROCE % | 15.97% | 7.1% | 6.61% | 4.52% | 4.22% | 1.01% | 2.01% | 2.75% | −0.36% | 2.59% | 0.27% | −0.35% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Surana Solar insights
61 extracted metrics across FY12–FY27.
Documents
- 25 Jul 2026
- 4 Feb 2025
- 7 Jan 2025
- 30 Nov 2023
- 9 Nov 2022
- 4 Nov 2021
- General announcements 15 Oct 2026
Frequently Asked Questions about Surana Solar
What does Surana Solar Ltd do?
Incorporated in 2006, Surana Solar Ltd is in the business of manufacturing Solar Photovoltic Modules, generation of Wind and Solar Power energy and trading of other solar related products
Where is Surana Solar Ltd (SURANASOL) listed?
Surana Solar Ltd trades as SURANASOL on the NSE and under code 533298 on the BSE.
Which sector does Surana Solar Ltd belong to?
Surana Solar Ltd is classified under the Capital Goods sector, in the Electrical Equipment industry.
What is the 52-week high and low of Surana Solar Ltd?
Over the last 52 weeks Surana Solar Ltd has traded between ₹18.31 and ₹32.5 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Surana Solar Ltd?
Surana Solar Ltd reported a return on equity of -1.88%. Its debt-to-equity ratio is 0.00.
Company Information
Incorporated in 2006, Surana Solar Ltd is in the business of manufacturing Solar Photovoltic Modules, generation of Wind and Solar Power energy and trading of other solar related products
CEO Mr. Baunakar Shekarnath
Employees 33
Listed 7 Jan 2011
Face Value ₹5
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