BSE:533298

Stock Analysis Report

Executive Summary

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


Snowflake Analysis

Excellent balance sheet and slightly overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 533298's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

3.8%

533298

-0.6%

IN Semiconductor

-3.9%

IN Market


1 Year Return

-25.7%

533298

-51.8%

IN Semiconductor

-32.2%

IN Market

Return vs Industry: 533298 exceeded the Indian Semiconductor industry which returned -53.4% over the past year.

Return vs Market: 533298 exceeded the Indian Market which returned -29.6% over the past year.


Shareholder returns

533298IndustryMarket
7 Day3.8%-0.6%-3.9%
30 Day-16.5%-26.3%-26.8%
90 Day-14.7%-37.1%-31.7%
1 Year-25.7%-25.7%-51.7%-51.8%-30.8%-32.2%
3 Year-74.9%-74.9%-69.5%-69.5%-19.5%-23.8%
5 Year-91.7%-91.9%-76.5%-76.9%-10.0%-14.9%

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 compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 533298 (₹5.5) is trading below our estimate of fair value (₹14.75)

Significantly Below Fair Value: 533298 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 533298 is poor value based on its PE Ratio (41.5x) compared to the Semiconductor industry average (17.1x).

PE vs Market: 533298 is poor value based on its PE Ratio (41.5x) compared to the Indian market (9.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 533298's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 533298 is overvalued based on its PB Ratio (0.5x) compared to the IN Semiconductor industry average (0.4x).


Next Steps

Future Growth

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

24.1%

Forecasted Semiconductors industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Surana Solar has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Surana Solar performed over the past 5 years?

-50.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 533298 has high quality earnings.

Growing Profit Margin: 533298's current net profit margins (1.9%) are lower than last year (2.9%).


Past Earnings Growth Analysis

Earnings Trend: 533298's earnings have declined by -50.7% per year over the past 5 years.

Accelerating Growth: 533298's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 533298 had negative earnings growth (-37.9%) over the past year, making it difficult to compare to the Semiconductor industry average (-2.7%).


Return on Equity

High ROE: 533298's Return on Equity (1.2%) is considered low.


Next Steps

Financial Health

How is Surana Solar's financial position?


Financial Position Analysis

Short Term Liabilities: 533298's short term assets (₹343.7M) exceed its short term liabilities (₹23.7M).

Long Term Liabilities: 533298's short term assets (₹343.7M) exceed its long term liabilities (₹111.6M).


Debt to Equity History and Analysis

Debt Level: 533298's debt to equity ratio (19.4%) is considered satisfactory.

Reducing Debt: 533298's debt to equity ratio has reduced from 136% to 19.4% over the past 5 years.

Debt Coverage: 533298's debt is well covered by operating cash flow (83%).

Interest Coverage: 533298's interest payments on its debt are not well covered by EBIT (0.6x coverage).


Balance Sheet

Inventory Level: 533298 has a high level of physical assets or inventory.

Debt Coverage by Assets: 533298's debt is covered by short term assets (assets are 3.3x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 533298's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 533298's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 533298's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 533298's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 533298 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 533298's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.8yrs

Average board tenure


CEO

Manish Surana (33yo)

no data

Tenure

₹6,300,000

Compensation

Mr. Manish Surana serves as the Director of Finance & Technical at Surana Solar Limitedand serves as its Chief Financial Officer since April 08, 2019. Shri. Surana serves as the Chairman of Bhagyanagar Met ...


CEO Compensation Analysis

Compensation vs Market: Manish's total compensation ($USD83.67K) is above average for companies of similar size in the Indian market ($USD48.22K).

Compensation vs Earnings: Manish's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Manish Surana
Director of Finance & Technicalno data₹6.30m2.7% 7.3m
Onteddu Reddy
Independent Non-Executive Director26.25yrs₹27.00kno data
Ramasahayam Reddy
Independent Non-Executive Director31.25yrs₹21.00kno data
Narender Surana
Non-Executive Director3.92yrsno data8.79% 23.8m
G. Surana
Chairman Emeritusno data₹12.00k2.72% 7.3m
Devendra Surana
Non-Executive Director12yrsno data8.52% 23.1m
R. Sreenath
Independent Non-Executive Director9.67yrs₹27.00kno data
Madhumathi Suresh
Independent Non-Executive Woman Director5.08yrs₹12.00kno data

9.8yrs

Average Tenure

68.5yo

Average Age

Experienced Board: 533298's board of directors are considered experienced (9.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 533298 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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: ₹270.636m
  • Shares outstanding: 49.21m
  • Website: https://www.suranasolar.com

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. It operates through Solar products, Renewable Energy, and Trading segments. The company offers solar photovoltaic modules; home lighting systems and solar street lighting products; and solar lanterns. It also generates wind and solar power; and trades in other solar related products. The company was formerly known as Surana Ventures Limited. Surana Solar Limited was incorporated in 2006 and is based in Secunderabad, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/02 13:46
End of Day Share Price2020/04/01 00:00
Earnings2019/12/31
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.