BSE:533298

Stock Analysis Report

Executive Summary

Surana Solar Limited manufactures and sells solar panels/photo-voltaic cells in India and internationally.

Snowflake

Fundamentals

Mediocre balance sheet with moderate growth potential.

Risks

  • Surana Solar has significant price volatility in the past 3 months.
  • Surana Solar is not covered by any analysts.

Share Price & News

How has Surana Solar's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.8%

BSE:533298

0.06%

IN Semiconductor

-0.7%

IN Market


1 Year Return

-44.5%

BSE:533298

-36.9%

IN Semiconductor

-12.1%

IN Market

533298 underperformed the Semiconductor industry which returned -36.9% over the past year.

533298 underperformed the Market in India which returned -12.1% over the past year.


Share holder returns

533298IndustryMarket
7 Day-1.8%0.06%-0.7%
30 Day-13.3%-9.8%-4.6%
90 Day-10.5%-6.6%-4.3%
1 Year-44.5%-44.5%-36.9%-36.9%-10.3%-12.1%
3 Year-76.4%-76.4%-28.6%-28.6%18.9%12.8%
5 Year-84.5%-85.1%-35.5%-36.8%37.6%24.7%

Price Volatility Vs. Market

How volatile is Surana Solar's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Surana Solar undervalued based on future cash flows and its price relative to the stock market?

35.2x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Surana Solar to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Surana Solar to establish if it is available at substantial discount.


Price Based on Earnings

Surana Solar is overvalued based on earnings compared to the Asia Semiconductor industry average.

Surana Solar is overvalued based on earnings compared to the India market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Surana Solar, we can't assess if its growth is good value.


Price Based on Value of Assets

Surana Solar is good value based on assets compared to the IN Semiconductor industry average.


Next Steps

Future Growth

How is Surana Solar expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

28.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Surana Solar is high growth as no revenue estimate data is available.

Surana Solar's earnings are expected to grow significantly at over 20% yearly.

Unable to compare Surana Solar's revenue growth to the India market average as no estimate data is available.

Surana Solar's earnings growth is expected to exceed the India market average.

Surana Solar's earnings growth is expected to exceed the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Surana Solar will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Surana Solar performed over the past 5 years?

-45.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Surana Solar's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Surana Solar's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Surana Solar's 1-year earnings growth is negative, it can't be compared to the Asia Semiconductor industry average.


Return on Equity

Surana Solar has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Surana Solar used its assets less efficiently than the Asia Semiconductor industry average last year based on Return on Assets.


Return on Capital Employed

Surana Solar's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Surana Solar's financial position?


Financial Position Analysis

Surana Solar is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Surana Solar's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Surana Solar's level of debt (42.1%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (99% vs 42.1% today).

Operating cash flow is negative therefore debt is not well covered.

Interest payments on debt are not well covered by earnings (EBIT is 1x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.8x debt.


Next Steps

Dividend

What is Surana Solar's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Surana Solar's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Surana Solar's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Surana Solar has not reported any payouts.

Unable to verify if Surana Solar's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Surana Solar has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Surana Solar's salary, the management and board of directors tenure and is there insider trading?

9.0yrs

Average board tenure


CEO

Manish Surana (33yo)

₹6,300,000

Compensation

Shri. Manish Surana serves as the Director of Finance & Technical at Surana Solar Limited. Shri. Surana serves as the Chairman of Bhagyanagar Metals Ltd. He has been Whole-Time Director of Surana Solar Lim ...


CEO Compensation Analysis

Manish's remuneration is higher than average for companies of similar size in India.

Manish's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

9.0yrs

Average Tenure

73yo

Average Age

The tenure for the Surana Solar board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

Buy₹1,427,10526 Feb 19
Narender Surana
EntityIndividual
Role
Member of the Board of Directors
Shares170,773
Max Price₹8.36
Buy₹62,82401 Jan 19
Narender Surana
EntityIndividual
Role
Member of the Board of Directors
Shares7,251
Max Price₹8.66
Buy₹176,03925 Dec 18
Narender Surana
EntityIndividual
Role
Member of the Board of Directors
Shares20,032
Max Price₹8.79
Buy₹50,05420 Dec 18
Narender Surana
EntityIndividual
Role
Member of the Board of Directors
Shares5,793
Max Price₹8.64
Buy₹42,17018 Dec 18
Narender Surana
EntityIndividual
Role
Member of the Board of Directors
Shares4,908
Max Price₹8.59
Buy₹1,073,45411 Dec 18
Narender Surana
EntityIndividual
Role
Member of the Board of Directors
Shares122,849
Max Price₹8.74
Buy₹201,36303 Oct 18
Narender Surana
EntityIndividual
Role
Member of the Board of Directors
Shares21,207
Max Price₹9.50
Buy₹147,28420 Sep 18
Narender Surana
EntityIndividual
Role
Member of the Board of Directors
Shares14,472
Max Price₹10.18
Buy₹163,76910 Sep 18
Narender Surana
EntityIndividual
Role
Member of the Board of Directors
Shares15,845
Max Price₹10.34
Buy₹74,29030 Aug 18
Narender Surana
EntityIndividual
Role
Member of the Board of Directors
Shares7,250
Max Price₹10.25

Ownership Breakdown


Management Team

  • Manish Surana (33yo)

    Director of Finance & Technical and Whole-time Director

    • Compensation: 6.30m
  • Swapna Gade

    Company Secretary & Compliance officer

    • Tenure: 1.0yrs

Board Members

  • Onteddu Reddy (89yo)

    Independent Non-Executive Director

    • Tenure: 25.6yrs
    • Compensation: 27.00k
  • Narender Surana (59yo)

    Non-Executive Director

    • Tenure: 3.3yrs
  • Ramasahayam Reddy (88yo)

    Independent Non-Executive Director

    • Tenure: 30.6yrs
    • Compensation: 27.00k
  • G. Surana (89yo)

    Chairman Emeritus

    • Compensation: 24.00k
  • Manish Surana (33yo)

    Director of Finance & Technical and Whole-time Director

    • Tenure: 9.1yrs
    • Compensation: 6.30m
  • R. Sreenath (78yo)

    Independent Non-Executive Director

    • Tenure: 9.0yrs
    • Compensation: 15.00k
  • M. S. Nirmal Jain (73yo)

    Independent Director

    • Tenure: 6.5yrs
    • Compensation: 15.00k
  • Madhumathi Suresh (53yo)

    Independent Non-Executive Woman Director

    • Tenure: 4.4yrs
    • Compensation: 15.00k
  • Devendra Surana (54yo)

    Non-Executive Director

    • Tenure: 11.3yrs

Company Information

Surana Solar Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Surana Solar Limited
  • Ticker: 533298
  • Exchange: BSE
  • Founded: 2006
  • Industry: semiconductors
  • Sector: semiconductors
  • Market Cap: ₹294.748m
  • Shares outstanding: 49.21m
  • Website: Click here

Number of Employees


Location

  • Surana Solar Limited
  • Surya Towers
  • 5th Floor
  • Secunderabad
  • Andhra Pradesh
  • 500003
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
533298BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2011
SURANASOLNSEI (National Stock Exchange of India)YesEquity SharesININRJan 2011

Biography

Surana Solar Limited manufactures and sells solar panels/photo-voltaic cells in India and internationally. The company offers solar photovoltaic modules; home lighting systems and solar street lighting pro ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 13:01
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.