Surana Solar Limited (IN:SURANASOL)
:SURANASOL
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Surana Solar Limited
(SURANASOL)
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Rating:53Neutral
Price Target:
₹28.00
▼(-0.18% Downside)
Action:ReiteratedDate:05/01/26
The score is held back mainly by volatile profitability and uneven cash-flow quality, partially offset by a strong debt-free balance sheet. Technical momentum is supportive in the near term, but the very high P/E limits the score due to valuation risk.
Positive Factors
Conservative Balance Sheet
A debt-free, equity-heavy balance sheet materially reduces financial risk and gives the company flexibility to fund operations or capex without needing costly external borrowing. This conservatism supports durability through cycles and preserves strategic optionality for growth or partnerships.
Negative Factors
Volatile Revenue
Large swings and recent contraction in revenue undermine predictability of scale benefits and make capacity planning difficult. For a manufacturer dependent on lumpier institutional orders, persistent top-line volatility raises execution risk and weakens confidence in sustainable growth trajectories.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
A debt-free, equity-heavy balance sheet materially reduces financial risk and gives the company flexibility to fund operations or capex without needing costly external borrowing. This conservatism supports durability through cycles and preserves strategic optionality for growth or partnerships.
Read all positive factors
Surana Solar Limited (SURANASOL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.37B
Dividend YieldN/A
Average Volume (3M)35.88K
Price to Earnings (P/E)166.4
Beta (1Y)1.13
Revenue Growth-46.30%
EPS GrowthN/A
CountryIN
Employees36
SectorEnergy
Sector Strength52
IndustrySolar
Share Statistics
EPS (TTM)0.04
Shares Outstanding49,206,600
10 Day Avg. Volume11,305
30 Day Avg. Volume35,882
Financial Highlights & Ratios
PEG Ratio0.43
Price to Book (P/B)2.79
Price to Sales (P/S)61.86
P/FCF Ratio-15.66
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Surana Solar Limited Business Overview & Revenue Model
Company Description
Surana Solar Limited manufactures and sells solar panels and solar photovoltaic modules in India and internationally. The company operates through Solar Products and Wind Power segments. It generates wind and solar power; and trades in solar photo...
How the Company Makes Money
Surana Solar Limited primarily makes money by selling solar photovoltaic (PV) products, with revenue largely driven by the manufacture and sale of solar PV modules to institutional customers (such as EPC contractors, project developers, and other ...
Surana Solar Limited Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
74
Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 178.20M | 208.34M | 388.00M | 177.06M | 421.83M | 248.32M |
| Gross Profit | -11.76M | -16.21M | 40.56M | 56.20M | 13.25M | 55.81M |
| EBITDA | 18.08M | -51.41M | 14.58M | 10.84M | 61.34M | 48.34M |
| Net Income | 1.92M | 12.40M | 585.00K | -12.59M | 22.85M | 8.46M |
Balance Sheet | ||||||
| Total Assets | 721.11M | 673.61M | 598.32M | 588.65M | 594.38M | 685.03M |
| Cash, Cash Equivalents and Short-Term Investments | 67.89M | 67.84M | 68.67M | 83.31M | 60.26M | 586.00K |
| Total Debt | 1.40M | 0.00 | 0.00 | 0.00 | 0.00 | 103.84M |
| Total Liabilities | 150.62M | 98.95M | 36.06M | 26.98M | 20.11M | 133.62M |
| Stockholders Equity | 570.49M | 574.66M | 562.26M | 561.68M | 574.26M | 551.41M |
Cash Flow | ||||||
| Free Cash Flow | -101.80M | -61.62M | 2.70M | 1.13M | 136.92M | -84.70M |
| Operating Cash Flow | 66.45M | 96.45M | 15.13M | 1.13M | 138.89M | -81.63M |
| Investing Cash Flow | -52.57M | -125.35M | 47.03M | -63.00K | -36.26M | 51.56M |
| Financing Cash Flow | -21.04M | 29.68M | -57.24M | 615.00K | -101.48M | 29.54M |
Surana Solar Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹4.91B | 22.77 | ― | 0.25% | 46.83% | 20.61% | |
68 Neutral | ₹46.76B | 14.56 | ― | ― | 92.12% | 373.88% | |
66 Neutral | ₹88.49B | 22.48 | ― | 0.20% | 69.68% | 56.75% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | ₹72.61B | 79.81 | ― | ― | 33.08% | 90.33% | |
53 Neutral | ₹1.37B | 166.44 | ― | ― | -46.30% | ― | |
47 Neutral | ₹48.66B | -11.24 | ― | ― | 19.77% | -479.97% |
* Energy Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.