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Surana Solar Limited

Surana Solar Limited

NSE: SURANASOL
SolarTechnologySMALL CAPMCap ₹115.2 Cr
₹23.41₹-0.32 (-1.35%)

Market Closed • NSE

Market cap₹115.2 Cr
Enterprise value₹109.5 Cr
P/E TTM18.01
P/B2.02
EPS TTM₹1.30
Dividend yield0.00%
Face value₹5.00
52W high₹34.51
52W low₹18.31
Price chart(1Y)
1Y Return:-14.44% (₹3.95)
H: ₹30.5L: ₹23.3
1W-2.74%
1M-8.66%
3M-9.26%
6M-0.97%
1Y-25.71%
Today at a glance

Day range

₹23.30₹23.96

52 week range

₹18.31₹34.51
Volume14.4K0.58x 20D avg
Free float50.00%-41.70% volume

Surana Solar Limited closed at INR23.41 (-1.35%) on volume 0.58x its 20-day average, trading 32.16% below its 52-week high.

Technical analysis
RSI (14)34.4Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹0.85High
SMA 20₹24.89BEARISH
SMA 50₹25.57BEARISH
SMA 100₹26.13BEARISH
SMA 200₹25.37BEARISH
CPR bottom₹23.96
Pivot₹23.89
CPR top₹23.81
What changed recently?

2025-Q4

Q4 FY2025 Financial Results

PAT moved +82.6% QoQ

2024-07-15

AGM Announced

Annual General Meeting

2023-09-18

AGM Announced

Annual General Meeting

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PENDING_DATA3/4 criteria
Pending Data
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio–₹115.2 Cr—≤ 33%PENDING_DATA
Non-halal income ratio₹65.4 Lakh₹38.8 Cr1.68%≤ 5%PASS
Illiquid assets ratio₹58.8 Cr₹59.7 Cr98.53%≥ 20%PASS
Receivables ratio–₹59.7 Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E18.0122.80
Forward P/E——
P/B2.023.70
EV/EBITDA—18.00
PEG—2.10
Earnings yield5.604.40
Growth & profitability
RevenuePAT
FY13PAT margin 2.80%
FY23PAT margin 5.40%
FY24PAT margin -7.10%
FY25PAT margin -0.10%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y-2.70%
Revenue CAGR 5Y—
PAT CAGR 3Y—
PAT CAGR 5Y—
Operating margin0.12%
Net margin18.05%
Financial health & cash flow
Net debt–Moderate
Interest coverage-62.60xEBIT / interest
CFO / PAT—x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹1.5 Cr
Capital expenditure–
Free cash flow₹26.9 Lakh
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall53/100
Valuation60/100
Profitability50/100
Financial health50/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Attractive Valuation: P/E of 18.0x trades below sector historical averages

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Solar.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

80%53%27%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
0.04%Institutional holding
55.62%Public holding
5Periods available
0.00%Promoter pledged
1.11LShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
—Annual General MeetingAnnual General Meeting—15 Jul 2024
—Annual General MeetingAnnual General Meeting—18 Sept 2023
—Annual General MeetingAnnual General Meeting—21 Sept 2022
—Annual General MeetingAnnual General Meeting—22 Sept 2021
—Annual General MeetingAnnual General Meeting—22 Sept 2020
—Annual General MeetingAnnual General Meeting—12 Sept 2019
—Annual General MeetingAnnual General Meeting—17 Sept 2018
—Annual General MeetingAnnual General Meeting—19 Sept 2017
—Annual General MeetingAnnual General Meeting—22 Sept 2016
—Dividend₹0.50 / share—23 Sept 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)73.77%-13.98% latest vs average
Highest delivery84.87%on 22 Sept
Average volume (20D)25.4KTrading-session average
Conviction trendWeakening-13.98% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Tata Consultancy Services Limited
Tata Consultancy Services LimitedTCS
Open analysis
₹7.80L15.662.31%₹72,275.00₹13,420.00+13.93%+4.69%
Infosys Limited
Infosys LimitedINFY
Open analysis
₹4.15L13.945.02%₹48,211.00₹7,775.00+14.03%+12.29%
HCL Technologies Limited
HCL Technologies LimitedHCLTECH
Open analysis
₹3.29L18.935.10%₹34,579.00₹4,626.00+13.94%+20.34%
Wipro Limited
Wipro LimitedWIPRO
Open analysis
₹1.61L12.915.05%₹24,236.30₹3,501.80+7.70%-1.90%
Tech Mahindra Limited
Tech Mahindra LimitedTECHM
Open analysis
₹1.34L26.183.41%₹15,712.00₹1,486.00+17.68%+31.62%
LTM Limited
LTM LimitedLTM
Open analysis
₹1.21L23.091.92%₹11,608.00₹1,469.00+17.96%+17.05%
LG ELECTRONICS INDIA LTD
LG ELECTRONICS INDIA LTDLGEINDIA
Open analysis
₹1.19L65.340.00%₹7,233.35₹652.86——
One97 Communications Limited
One97 Communications LimitedPAYTM
Open analysis
₹1.05L163.440.00%₹2,264.00₹184.00+18.41%+134.07%
About Surana Solar Limited
Surana Solar Limited

Incorporated in 2006, Surana Solar Ltd is in the business of manufacturing Solar Photovoltic Modules, generation of Wind and Solar Power energy and trading of other solar related products[1]

IndiaTechnology

Questions investors ask
Is Surana Solar Limited Shariah compliant?

Surana Solar Limited is currently screened as Pending Data under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Interest-bearing debt or Market Cap data unavailable for ratio screening. Financial ratio screening incomplete due to missing balance sheet or market cap data.

What is Surana Solar Limited's current valuation relative to peers?

Surana Solar Limited trades at a P/E of 18.0x compared to the sector median of 22.8x, and a Price-to-Book of 2.0x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of zero debt. Interest coverage is -62.6x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at steady rates while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-09. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.