SURANASOL

Surana Solar Limited

Solar products and renewable energy company within Surana Group

Industrials›Capital Goods›Electrical Equipment›Heavy Electrical Equipment

suranasolar.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹22.96
Market cap
113 Cr
Stock P/E
17.6
P/B
1.97
Dividend yield
0.1%
ROE (FY25)
-0.1%
ROCE (FY25)
0.2%
Operating margin (FY25)
-2.8%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Surana Solar (formerly Surana Ventures) is a Hyderabad-based small company that sells solar products and runs a small renewable energy business, part of the Surana Group.

Company snapshot

37thBy market cap

Ranked among 38 companies in Heavy Electrical Equipment.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 79.4% of revenue

SegmentRevenue shareRevenuePBTAssets
a) Solar Products
20.6%
7 Cr0.57 Cr—
a) Trading
79.4%
29 Cr1 Cr—
b) Renewable Energy—0 Cr0.0061 Cr—

What we see

Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales3 Cr4 Cr4 Cr11 Cr14 Cr11 Cr3 Cr2 Cr3 Cr3 Cr14 Cr17 Cr
Operating expenses (approx.)4 Cr4 Cr4 Cr11 Cr14 Cr10 Cr4 Cr4 Cr5 Cr2 Cr14 Cr17 Cr
EBITDA-1 Cr0.49 Cr0.30 Cr0.47 Cr0.77 Cr0.31 Cr-1.00 Cr-2 Cr-2 Cr0.76 Cr0.09 Cr0.57 Cr
OPM %-52.2%11.2%7.6%4.2%5.4%2.9%-39.6%-79.0%-90.9%29.8%0.6%3.3%
Other income0.32 Cr0.28 Cr0.10 Cr0.32 Cr0.26 Cr0.18 Cr0.42 Cr2 Cr4 Cr0.18 Cr0.71 Cr6 Cr
Interest0.03 Cr0.0054 Cr0.03 Cr0.03 Cr0.07 Cr0.01 Cr0.05 Cr0.04 Cr0.06 Cr0.07 Cr0.06 Cr0.0050 Cr
Depreciation0.54 Cr0.44 Cr0.27 Cr0.44 Cr0.47 Cr0.26 Cr0.36 Cr0.31 Cr0.55 Cr0.58 Cr0.56 Cr0.55 Cr
Profit before tax-2 Cr0.33 Cr0.10 Cr0.32 Cr0.48 Cr0.22 Cr-0.98 Cr0.36 Cr0.73 Cr0.29 Cr0.17 Cr6 Cr
Tax %14.4%67.7%251.1%13.5%32.5%24.7%27.6%23.4%25.7%24.2%-13.1%14.6%
Net profit-1 Cr0.11 Cr-0.15 Cr0.28 Cr0.33 Cr0.17 Cr-0.71 Cr0.28 Cr0.54 Cr0.22 Cr0.20 Cr5 Cr
EPS (₹)₹-0.30₹0.02₹-0.03₹0.06₹0.07₹0.03₹-0.14₹0.06₹0.11₹0.04₹0.04₹1.11

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales84 Cr39 Cr35 Cr33 Cr28 Cr25 Cr42 Cr18 Cr39 Cr21 CrSign in free for the trailing twelve months
Operating expenses (approx.)76 Cr33 Cr30 Cr28 Cr23 Cr21 Cr41 Cr18 Cr38 Cr24 CrSign in free for the trailing twelve months
EBITDA8 Cr6 Cr5 Cr6 Cr5 Cr4 Cr1 Cr-0.07 Cr0.55 Cr-3 CrSign in free for the trailing twelve months
OPM %9.6%15.4%13.9%16.7%19.2%15.9%3.2%-0.4%1.4%-15.1%Sign in free for the trailing twelve months
Other income0.41 Cr0.58 Cr1 Cr1 Cr0.41 Cr0.87 Cr5 Cr1 Cr1 Cr7 CrSign in free for the trailing twelve months
Interest3 Cr2 Cr2 Cr0.86 Cr0.82 Cr0.54 Cr0.19 Cr0.08 Cr0.17 Cr0.23 CrSign in free for the trailing twelve months
Depreciation3 Cr3 Cr3 Cr5 Cr5 Cr3 Cr3 Cr2 Cr2 Cr2 CrSign in free for the trailing twelve months
Profit before tax2 Cr1 Cr1 Cr0.75 Cr0.41 Cr1 Cr3 Cr-0.90 Cr0.04 Cr2 CrSign in free for the trailing twelve months
Tax %31.7%34.2%23.1%21.4%48.1%30.6%31.0%-39.4%-37.3%20.5%Sign in free for the trailing twelve months
Net profit2 Cr0.84 Cr1 Cr0.59 Cr0.21 Cr0.85 Cr2 Cr-1 Cr0.06 Cr1 CrSign in free for the trailing twelve months
EPS (₹)₹0.34₹0.17₹0.20₹0.12₹0.04₹0.17₹0.46₹-0.26₹0.01₹0.25Sign in free for the trailing twelve months
Dividend payout %————26.1%6.7%2.5%—0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital25 Cr25 Cr25 Cr25 Cr25 Cr25 Cr25 Cr25 Cr25 Cr25 Cr
Reserves27 Cr28 Cr29 Cr29 Cr30 Cr31 Cr33 Cr32 Cr32 Cr33 Cr
Borrowings21 Cr25 Cr23 Cr7 Cr7 Cr10 Cr————
Other liabilities12 Cr3 Cr3 Cr4 Cr2 Cr3 Cr2 Cr3 Cr4 Cr10 Cr
Total liabilities85 Cr81 Cr79 Cr64 Cr64 Cr69 Cr59 Cr59 Cr60 Cr67 Cr
Fixed assets (net)29 Cr26 Cr27 Cr31 Cr26 Cr24 Cr20 Cr14 Cr10 Cr25 Cr
CWIP11 Cr11 Cr11 Cr0 Cr—0 Cr0 Cr—1 Cr0 Cr
Investments——0 Cr0 Cr5 Cr0.05 Cr6 Cr8 Cr5 Cr5 Cr
Loans & advances——0.02 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0.0082 Cr0 Cr
Inventories18 Cr27 Cr28 Cr12 Cr8 Cr21 Cr13 Cr18 Cr16 Cr18 Cr
Trade receivables22 Cr3 Cr1 Cr7 Cr8 Cr4 Cr0.34 Cr0.22 Cr0.49 Cr0.55 Cr
Cash & bank4 Cr3 Cr3 Cr0.34 Cr1 Cr0.0052 Cr0.12 Cr0.29 Cr0.78 Cr0.86 Cr
Other assets0.61 Cr10 Cr9 Cr14 Cr15 Cr21 Cr21 Cr18 Cr26 Cr18 Cr
Total assets85 Cr81 Cr79 Cr64 Cr64 Cr69 Cr59 Cr59 Cr60 Cr67 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity34 Cr-2 Cr9 Cr11 Cr6 Cr-8 Cr14 Cr0.11 Cr2 Cr5 Cr
Cash from investing-3 Cr0.12 Cr-4 Cr4 Cr-5 Cr5 Cr-4 Cr-0.0063 Cr4 Cr-8 Cr
Cash from financing-30 Cr1 Cr-3 Cr-17 Cr-0.79 Cr3 Cr-10 Cr0.06 Cr-6 Cr3 Cr
Net cash flow0.33 Cr-0.34 Cr2 Cr-2 Cr0.03 Cr-0.05 Cr0.12 Cr0.17 Cr0.49 Cr0.08 Cr
Free cash flow (OCF − Capex)30 Cr-2 Cr5 Cr10 Cr6 Cr-8 Cr14 Cr0.11 Cr2 Cr5 Cr

Ratios

MetricMar 2025
ROCE %0.2%
ROE %-0.1%
Debtor days5
Inventory days168
Days payable5
Cash conversion cycle167
OCF / EBITDA %n.m.
Debt / equity—
Current ratio9.61
Net debt / EBITDA-1.99