Surana Solar Share Price ₹25 | P/E 19.6

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Surana Solar

Quarter-by-quarter operating performance

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales +	7.80	6.60	2.77	4.40	3.93	11.36	14.28	10.64	2.52	2.09	2.58	2.56	13.61
Expenses +	7.30	6.22	4.21	3.90	3.63	10.89	13.52	10.33	3.52	3.74	4.91	1.80	13.52
Operating Profit	0.50	0.38	-1.44	0.50	0.30	0.47	0.76	0.31	-1.00	-1.65	-2.33	0.76	0.09
OPM %	6.41%	5.76%	-51.99%	11.36%	7.63%	4.14%	5.32%	2.91%	-39.68%	-78.95%	-90.31%	29.69%	0.66%
Other Income +	0.53	0.65	0.32	0.28	0.10	0.32	0.26	0.18	0.42	2.37	3.67	0.18	0.71
Interest	0.01	0.01	0.03	0.01	0.03	0.03	0.07	0.01	0.05	0.04	0.06	0.07	0.06
Depreciation	0.75	0.66	0.54	0.44	0.27	0.44	0.47	0.26	0.36	0.31	0.55	0.58	0.56
Profit before tax	0.27	0.36	-1.69	0.33	0.10	0.32	0.48	0.22	-0.99	0.37	0.73	0.29	0.18
Tax %	7.41%	33.33%	-14.20%	66.67%	260.00%	15.62%	31.25%	22.73%	-27.27%	21.62%	26.03%	24.14%	-11.11%
Net Profit +	0.25	0.24	-1.45	0.11	-0.15	0.28	0.33	0.17	-0.71	0.28	0.54	0.22	0.20
EPS in Rs	0.05	0.05	-0.29	0.02	-0.03	0.06	0.07	0.03	-0.14	0.06	0.11	0.04	0.04

Financials of Surana Solar

Annual income statement trend

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	125.38	121.05	84.09	39.12	34.74	33.17	27.94	24.83	42.18	17.71	38.80	20.83
Expenses +	107.36	111.70	76.03	33.09	29.93	27.62	22.57	20.86	40.80	15.49	38.24	23.97
Operating Profit	18.02	9.35	8.06	6.03	4.81	5.55	5.37	3.97	1.38	2.22	0.56	-3.14
OPM %	14.37%	7.72%	9.58%	15.41%	13.85%	16.73%	19.22%	15.99%	3.27%	12.54%	1.44%	-15.07%
Other Income +	0.38	1.19	0.41	0.58	1.27	1.01	0.41	0.87	4.75	-1.13	1.18	6.93
Interest	5.29	4.44	3.28	2.16	1.94	0.86	0.82	0.54	0.19	0.08	0.17	0.23
Depreciation	2.93	2.99	2.75	3.17	2.84	4.95	4.55	3.08	2.63	1.91	1.53	2.00
Profit before tax	10.18	3.11	2.44	1.28	1.30	0.75	0.41	1.22	3.31	-0.90	0.04	1.56
Tax %	17.19%	31.51%	31.56%	34.38%	23.08%	21.33%	48.78%	30.33%	31.12%	40.00%	-25.00%	20.51%
Net Profit +	8.44	2.13	1.67	0.84	1.00	0.59	0.21	0.85	2.28	-1.26	0.06	1.24
EPS in Rs	1.72	0.43	0.34	0.17	0.20	0.12	0.04	0.17	0.46	-0.26	0.01	0.25
Dividend Payout %	29.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials of Surana Solar

Capital structure and asset base

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	24.60	24.60	24.60	24.60	24.60	24.60	24.60	24.60	24.60	24.60	24.60	24.60
Reserves	23.25	25.37	27.04	27.89	28.89	29.48	29.69	30.54	32.82	31.56	31.62	32.86
Borrowings +	66.18	48.57	22.84	25.11	22.54	6.50	7.35	10.38	0.00	0.00	0.00	0.00
Other Liabilities +	11.83	5.77	10.23	3.06	3.12	3.78	2.34	2.98	2.02	2.71	3.62	9.90
Total Liabilities	125.86	104.31	84.71	80.66	79.15	64.36	63.98	68.50	59.44	58.87	59.84	67.36
Fixed Assets +	29.57	27.20	29.03	25.88	27.06	30.68	26.40	23.61	19.65	13.85	10.41	24.54
CWIP	11.85	12.50	11.45	11.44	11.44	0.00	0.00	0.00	0.00	0.00	1.24	0.00
Investments	0.02	0.00	0.00	0.00	0.00	0.00	4.85	0.05	5.62	8.04	5.06	4.89
Other Assets +	84.42	64.61	44.23	43.34	40.65	33.68	32.73	44.84	34.17	36.98	43.13	37.93
Total Assets	125.86	104.31	84.71	80.66	79.15	64.36	63.98	68.50	59.44	58.87	59.84	67.36

Financials of Surana Solar

Operating, investing and financing cash movement

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	-14.87	20.99	34.12	-1.61	8.67	10.80	5.91	-8.16	9.92	0.11	1.51	5.31
Cash from Investing Activity +	0.18	-1.03	-3.36	0.14	-3.98	3.76	-5.10	5.16	0.29	-0.01	4.70	-7.97
Cash from Financing Activity +	14.34	-20.27	-30.43	1.13	-2.62	-16.81	-0.79	2.95	-10.09	0.06	-5.72	2.74
Net Cash Flow	-0.35	-0.31	0.33	-0.34	2.07	-2.25	0.03	-0.05	0.12	0.17	0.49	0.08
Free Cash Flow	-15.24	19.71	30.60	-1.62	4.66	14.54	5.64	-8.44	11.22	1.71	3.45	-9.26
CFO/OP	-73%	231%	431%	-19%	188%	197%	112%	-196%	809%	24%	402%	-172%

Financials of Surana Solar

Working capital efficiency and return ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	30.60	52.01	95.15	31.72	15.34	78.35	106.47	52.18	2.94	4.53	4.61	9.64
Inventory Days	232.26	159.37	95.62	383.47	415.43	200.10	157.90	418.82	134.50	551.01	165.33	355.80
Days Payable	8.25	3.36	10.92	4.90	8.31	6.78	13.52	16.79	5.19	7.01	5.25	20.94
Cash Conversion Cycle	254.61	208.03	179.84	410.30	422.46	271.67	250.85	454.21	132.24	548.53	164.68	344.50
Working Capital Days	32.43	70.74	53.95	229.90	345.67	262.22	294.98	295.62	193.06	499.79	217.97	341.87
ROCE %	15.97%	7.10%	6.61%	4.52%	4.22%	1.01%	2.01%	2.75%	-0.36%	2.59%	0.27%	3.15%

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Surana Solar Share Price & Earnings Call Analysis