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Surana Solar

SURANASOL NSE

Key Fundamentals

MicrocapElectrical EquipmentCapital Goods
Market Cap
₹125 Cr
Volatility
Moderate
P/E Ratio
19.62
EBITDA
₹1.60 Cr
Return on Equity
-0.09%
Debt to Equity
0
Book Value
₹11.68
52W High
₹36.5
52W Low
₹18.31

Tapetide Score

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Key Insights

Strengths

2
  • Company is almost debt free.
  • Promoter holding has increased by 1.41% over last quarter.

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: -19.2%

Growth Rate

Revenue Growth
22% higher than 3Y
Net Income Growth
Cash Flow Change
207% higher than 3Y
ROE
ROCE
EBITDA Margin (Avg.)

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
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
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
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%
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
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
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
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
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%
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
EPS in Rs
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
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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 in Rs
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%
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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/OP
-73
231
431
-19
188
197
112
-196
809
24
404
-172
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Beta

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

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Shareholding Pattern

DIIs0.04%Public47.96%FIIs0.15%Others6.09%Promot.45.75%As ofJun 2026

Documents

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[1]
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 Industrials sector, in the Electrical Equipment industry.
What is the market capitalisation of Surana Solar Ltd?
Surana Solar Ltd has a market capitalisation of ₹124.98 Cr, which places it in the Small Cap band.
What is the PE ratio of Surana Solar Ltd?
Surana Solar Ltd trades at a PE ratio of 19.62, against a book value of ₹11.68 per share.
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 ₹36.5.
What is the Return on Equity (ROE) of Surana Solar Ltd?
Surana Solar Ltd reported a return on equity of -0.09%. 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[1]

CEO Mr. Baunakar Shekarnath
Employees 33
Listed 2011-01-07
Face Value ₹ 5
Issued Size 4,92,06,600

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