Arthneeti

Surana Solar Q2 FY27 Share Price & Earnings Call Analysis

₹21.10+0.24% today
Market cap
₹104 Cr
P/E
15.71
ROE
-1.88%
Price to sales
2.39
Debt to equity
0.00
52W high / low
₹31.4 / ₹18.8
Sales growth (5Y)
-5.70%
EBITDA margin
5.63%
Net profit margin
-5.14%
Promoter holding
46.39%
Sales (last year)
₹44 Cr

Potential multibaggers · Q2 FY27

Potential multibaggers in Electrical Equipment
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Surana Solar rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Electrical Equipment companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹66,283 Cr16.5
240%+Up 2%+₹464 Cr11.6
340%+Up 0–2%₹12,066 Cr47.0
440%+Up 0–2%₹500 Cr6.7
540%+Flat₹20,621 Cr111.2
640%+Flat₹15,855 Cr11.2

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Pro shows every company guiding 40%+ revenue growth →Full Electrical Equipment ranking

Financials of Surana Solar

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

Shareholder Pattern

Surana Solar

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +62.31%49.94%46.68%42.89%42.89%43.21%43.19%43.32%43.72%44.34%45.75%46.39%
FIIs +0.01%0.01%0.20%0.30%0.03%0.18%0.35%0.00%0.03%0.00%0.15%0.00%
DIIs +0.03%0.03%0.03%0.03%0.03%0.03%0.04%0.04%0.04%0.04%0.04%0.04%
Public +37.65%50.02%53.10%56.77%57.05%56.58%56.41%56.65%56.22%55.62%54.07%53.59%
No. of Shareholders55,68589,6301,02,9311,15,1041,18,5851,19,9281,19,5471,18,5581,14,5551,11,4251,09,5351,06,909

Financials of Surana Solar

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +2.774.403.9311.3614.2810.642.522.092.582.5613.6117.1510.23
Expenses +4.213.903.6310.8913.5210.333.523.744.911.8013.5216.589.20
Operating Profit-1.440.500.300.470.760.31-1.00-1.65-2.330.760.090.571.03
OPM %-51.99%11.36%7.63%4.14%5.32%2.91%-39.68%-78.95%-90.31%29.69%0.66%3.32%10.07%
Other Income +0.320.280.100.320.260.180.422.373.670.180.716.360.54
Interest0.030.010.030.030.070.010.050.040.060.070.060.010.00
Depreciation0.540.440.270.440.470.260.360.310.550.580.560.550.54
Profit before tax-1.690.330.100.320.480.22-0.990.370.730.290.186.371.03
Tax %-14.20%66.67%260.00%15.62%31.25%22.73%-27.27%21.62%26.03%24.14%-11.11%14.60%27.18%
Net Profit +-1.450.11-0.150.280.330.17-0.710.280.540.220.205.440.75
EPS in Rs-0.290.02-0.030.060.070.03-0.140.060.110.040.041.110.15

Financials of Surana Solar

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +125.38121.0584.0939.1234.7433.1727.9424.8342.1817.7138.8020.8343.55
Expenses +107.36111.7076.0333.0929.9327.6222.5720.8640.8015.4938.2423.9741.10
Operating Profit18.029.358.066.034.815.555.373.971.382.220.56-3.142.45
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%5.63%
Other Income +0.381.190.410.581.271.010.410.874.75-1.131.186.937.79
Interest5.294.443.282.161.940.860.820.540.190.080.170.230.14
Depreciation2.932.992.753.172.844.954.553.082.631.911.532.002.23
Profit before tax10.183.112.441.281.300.750.411.223.31-0.900.041.567.87
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 +8.442.131.670.841.000.590.210.852.28-1.260.061.246.61
EPS in Rs1.720.430.340.170.200.120.040.170.46-0.260.010.251.34
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

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital24.6024.6024.6024.6024.6024.6024.6024.6024.6024.6024.6024.6024.60
Reserves23.2525.3727.0427.8928.8929.4829.6930.5432.8231.5631.6232.8639.06
Borrowings +66.1848.5722.8425.1122.546.507.3510.380.000.000.000.000.00
Other Liabilities +11.835.7710.233.063.123.782.342.982.022.713.629.9110.31
Total Liabilities125.86104.3184.7180.6679.1564.3663.9868.5059.4458.8759.8467.3773.97
Fixed Assets +29.5727.2029.0325.8827.0630.6826.4023.6119.6513.8510.4124.5424.04
CWIP11.8512.5011.4511.4411.440.000.000.000.000.001.240.000.00
Investments0.020.000.000.000.000.004.850.055.628.045.064.895.18
Other Assets +84.4264.6144.2343.3440.6533.6832.7344.8434.1736.9843.1337.9444.75
Total Assets125.86104.3184.7180.6679.1564.3663.9868.5059.4458.8759.8467.3773.97

Financials of Surana Solar

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-14.8720.9934.12-1.618.6710.805.91-8.169.920.111.515.31
Cash from Investing Activity +0.18-1.03-3.360.14-3.983.76-5.105.160.29-0.014.70-7.97
Cash from Financing Activity +14.34-20.27-30.431.13-2.62-16.81-0.792.95-10.090.06-5.722.74
Net Cash Flow-0.35-0.310.33-0.342.07-2.250.03-0.050.120.170.490.08
Free Cash Flow-15.2419.7130.60-1.624.6614.545.64-8.4411.221.712.21-9.26
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit-73%231%431%-19%188%197%112%-196%809%24%404%-172%

Financials of Surana Solar

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days30.6052.0195.1531.7215.3478.35106.4752.182.944.534.619.64
Inventory Days232.26159.3795.62383.47415.43200.10157.90418.82134.50551.01165.33355.80
Days Payable8.253.3610.924.908.316.7813.5216.795.197.015.2520.94
Cash Conversion Cycle254.61208.03179.84410.30422.46271.67250.85454.21132.24548.53164.68344.50
Working Capital Days32.4370.7453.95229.90345.67262.22294.98295.62193.06499.79217.97256.18
ROCE %15.97%7.10%6.61%4.52%4.22%1.01%2.01%2.75%-0.36%2.59%0.27%-0.35%

Continue your research

What Surana Solar's management said in earlier quarters

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