Surana Solar Limited (IN:SURANASOL)
:SURANASOL
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Surana Solar Limited
(SURANASOL)
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Rating:44Neutral
Price Target:
₹21.50
▼(-23.35% Downside)
Action:ReiteratedDate:04/02/26
The score is held down primarily by weak profitability and volatile cash flows, alongside bearish technicals and a very high P/E. The main offsetting strength is a conservative, debt-free balance sheet that reduces solvency risk.
Positive Factors
Debt-free balance sheet
A zero-debt, equity-heavy balance sheet materially reduces solvency and refinancing risk, giving management flexibility to fund maintenance, small expansions, or weather weak production years without urgent external financing. This durability supports long-term project continuity.
Negative Factors
Weak profitability and negative EBIT
Near-breakeven margins and repeated negative operating profit mean the core business currently struggles to convert revenue into sustainable earnings. Over time this limits reinvestment capacity, weakens buffers against shocks, and undermines prospects for improving returns without structural margin recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt, equity-heavy balance sheet materially reduces solvency and refinancing risk, giving management flexibility to fund maintenance, small expansions, or weather weak production years without urgent external financing. This durability supports long-term project continuity.
Read all positive factors
Surana Solar Limited (SURANASOL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.13B
Dividend YieldN/A
Average Volume (3M)35.88K
Price to Earnings (P/E)166.4
Beta (1Y)1.28
Revenue GrowthN/A
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 Ratio-31.93
Price to Book (P/B)3.45
Price to Sales (P/S)5.00
P/FCF Ratio717.93
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 from selling electricity generated from its solar power assets. Revenue is typically earned by feeding power into the grid or supplying it to off-takers under power sale arrangements (e.g., power purchase...
Surana Solar Limited Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
72
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 178.20M | 388.00M | 177.06M | 421.83M | 248.32M | 279.42M |
| Gross Profit | -11.76M | 40.56M | 56.20M | 13.25M | 55.81M | 73.10M |
| EBITDA | 18.08M | 14.58M | 10.84M | 61.34M | 48.34M | 57.11M |
| Net Income | 1.92M | 585.00K | -12.59M | 22.85M | 8.46M | 2.11M |
Balance Sheet | ||||||
| Total Assets | 721.11M | 598.32M | 588.65M | 594.38M | 685.03M | 639.79M |
| Cash, Cash Equivalents and Short-Term Investments | 67.89M | 68.67M | 83.31M | 60.26M | 586.00K | 49.09M |
| Total Debt | 1.40M | 0.00 | 0.00 | 0.00 | 103.84M | 73.47M |
| Total Liabilities | 150.62M | 36.06M | 26.98M | 20.11M | 133.62M | 96.83M |
| Stockholders Equity | 570.49M | 562.26M | 561.68M | 574.26M | 551.41M | 542.96M |
Cash Flow | ||||||
| Free Cash Flow | -101.80M | 2.70M | 1.13M | 136.92M | -84.70M | 56.40M |
| Operating Cash Flow | 66.45M | 15.13M | 1.13M | 138.89M | -81.63M | 59.07M |
| Investing Cash Flow | -52.57M | 47.03M | -63.00K | -36.26M | 51.56M | -50.96M |
| Financing Cash Flow | -21.04M | -57.24M | 615.00K | -101.48M | 29.54M | -7.86M |
Surana Solar Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹77.09B | 22.48 | ― | 0.20% | 70.67% | 59.54% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | ₹32.11B | 14.56 | ― | ― | 152.12% | ― | |
63 Neutral | ₹3.65B | 22.77 | ― | 0.25% | 64.71% | 48.65% | |
54 Neutral | ₹58.78B | 79.81 | ― | ― | 24.33% | 66.14% | |
44 Neutral | ₹1.13B | 166.44 | ― | ― | ― | ― | |
43 Neutral | ₹38.87B | -446.21 | ― | ― | 112.24% | -474.43% |
* 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.