Australian Premium Solar (India)
- P/E
- 7.3x
- 52-week range
- 200.5 – 537.75
- ROE
- 46%
- ROCE
- 56%
- Sector
- Electrical Equipment
- Industry
- Heavy Electrical Equipment
- Listed on
- NSE SME
About
Australian Premium Solar (India) Limited is an India-based company operating as a solar manufacturer. It is engaged in the business of manufacturing of monocrystalline and polycrystalline solar panels and engineering, procurement, and construction (EPC) services. Its products include solar PV modules, grid tied inverter, and solar water pump. It sells the solar modules to various customers for residential, commercial, industrial and agricultural purposes. It handles every aspect of the installation process starting from design and planning related concerns to delivery and installation of solar module to residential and commercial users. Under EPC services, it provides installation services for rooftop solar and solar pump. It provides on-grid rooftop installation services to the customers as per the locational requirement. It procures the solar pumps from various manufacturers and install the same along with self-manufactured solar modules, as per client requirements.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Heavy Electrical Equipment: 51 companies →Australian Premium Solar (India) against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)7.3 against a typical 30.6: cheaper than most peers (1st = cheapest).3rd of 50
- Sales growth+417.3% against a typical +23.8% from a year earlier.2nd of 41
- Profit growth+833.3% against a typical +24.6% from a year earlier.2nd of 40
- Share price, 3 months−24.9% against a typical −8.7%.41st of 45
Latest announcements
Exchange filings and their impact on the company.
- 14 Oct 2026Commencement of commercial production/operationsHigh impactVery positivePrice +3.7% that dayAPS started a new 400 MW TopCon line, lifting module capacity 50% to 1.2 GW.
Australian Premium Solar has started full commercial production on a new 400 MW TopCon solar module line at Tajpur, Gujarat from October 13, 2026. Total module manufacturing capacity rises from 800 MW to 1.2 GW, a 50% increase. The company says this strengthens its position in high-efficiency TopCon modules and helps meet growing domestic and export demand.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB by CRISIL- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil BBB | Stable | 16 Oct 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 16 Oct 2025 | Reaffirmed | Crisil BBB | — | CRISIL | ₹ 128 Cr. | |
| 11 Sep 2025 | ▲ Upgrade | Crisil BBB | — | CRISIL | ₹ 50 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 6 Nov 2026Upcoming | Financial Results/Dividend | To consider and approve the financial results for the period ended September 30, 2026 and dividend |
| 22 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 and other business matters |
| 30 Oct 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended September 30, 2025 and dividend |
| 29 Jul 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2025 and other business matters |
| 16 May 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2025 and other business matters |
| 29 Apr 2025 | Fund Raising/Other business matters | To consider Fund Raising and other business matters |
| 13 Feb 2025 | Financial Results | To consider and approve the financial results for the period ended December 31, 2024 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Sales | 47 | 81 | 75 | 164 | 270 | 301 | 388 |
| Expenses | 44 | 77 | 70 | 145 | 233 | 259 | 338 |
| Operating Profit | 3 | 4 | 5 | 19 | 37 | 42 | 50 |
| OPM % | 6% | 5% | 6% | 12% | 14% | 14% | 13% |
| Other Income | 0 | 0 | 0 | 0 | 2 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 1 | 2 | 3 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 4 | 6 |
| Profit before tax | 2 | 3 | 4 | 18 | 35 | 37 | 42 |
| Tax % | 28% | 22% | 25% | 25% | 26% | 25% | 32% |
| Net Profit | 2 | 3 | 3 | 13 | 26 | 28 | 28 |
| EPS in Rs | 825 | 1.8 | 1.56 | 6.65 | 13.2 | 13.95 | 14.08 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 56%
- 3 Years
- 94%
- TTM
- 59%
- 10 Years
- —
- 5 Years
- 99%
- 3 Years
- 158%
- TTM
- 45%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
- 10 Years
- —
- 5 Years
- 44%
- 3 Years
- 46%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Australian Premium Solar (India) | ₹ 208.50 | — | 7.3x | — | 46% | — |
| Premier Energies | ₹ 882.00 | ₹ 39,782 Cr. | 32.3x | 11.3x | 42.4% | 19.3% |
| Emmvee Photovoltaic Power | ₹ 237.80 | ₹ 16,430 Cr. | 20.1x | 6.5x | — | 22.8% |
| RRP Semiconductor | ₹ 8,044.35 | ₹ 10,960 Cr. | — | 1,378.8x | −59.8% | — |
| Vikram Solar | ₹ 127.85 | ₹ 4,633 Cr. | 14.1x | 2.2x | — | 9.8% |
| Saatvik Green Energy | ₹ 350.00 | ₹ 4,469 Cr. | 15.5x | 4.4x | 42.5% | 7.9% |
Management
- Nikunjkumar Chimanlal Patel
- Executive Chairman of the Board
- Kalpesh Virendra Vakharia
- Chief Financial Officer
- Hitesh Nagdev
- Company Secretary, Compliance Officer
- Dhaval Jayeshkumar Suthar
- Whole Time Director
- Chimanbhai Ranchhodbhai Patel
- Non-Executive and Non-Independent Director
Prices are delayed and for information only. Nothing on this page is investment advice.