Surana Solar Limited manufactures and sells solar panels/photo-voltaic cells in India and internationally.
+ 1 more risk
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.
7 Day Return
1 Year Return
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.
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
Is Surana Solar undervalued compared to its fair value and its price relative to the market?
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).
How is Surana Solar forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine Surana Solar's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Surana Solar competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Semiconductors industry.
How has Surana Solar performed over the past 5 years?
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.
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).
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).
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Manish Surana (33yo)
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.
|Director of Finance & Technical||no data||₹6.30m||2.7% ₹7.3m|
|Independent Non-Executive Director||26.25yrs||₹27.00k||no data|
|Independent Non-Executive Director||31.25yrs||₹21.00k||no data|
|Non-Executive Director||3.92yrs||no data||8.79% ₹23.8m|
|Chairman Emeritus||no data||₹12.00k||2.72% ₹7.3m|
|Non-Executive Director||12yrs||no data||8.52% ₹23.1m|
|Independent Non-Executive Director||9.67yrs||₹27.00k||no data|
|Independent Non-Executive Woman Director||5.08yrs||₹12.00k||no data|
Experienced Board: 533298's board of directors are considered experienced (9.8 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Surana Solar Limited's company bio, employee growth, exchange listings and data sources
- 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
- Surana Solar Limited
- Surya Towers
- 5th Floor
- Andhra Pradesh
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|533298||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Jan 2011|
|SURANASOL||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Jan 2011|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/02 13:46|
|End of Day Share Price||2020/04/01 00:00|
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.