Surana Solar
- Market cap
- ₹ 111 Cr.
- P/E
- 48.6x
- P/B
- 1.93x
- 52-week range
- 18.31 – 32.89
- ROE
- 2%
- ROCE
- 3.2%
- Dividend yield
- 0%
- Debt / equity
- 0
- Sector
- Electrical Equipment
- Industry
- Heavy Electrical Equipment
- Listed on
- NSE, BSE
About
Surana Solar Limited is an India-based conglomerate company, which is involved in the areas of solar and wind power, telecommunications, metal processing, and infrastructure. The Company is engaged in the business of manufacturing of solar photovoltaic (SPV) modules, generation of wind and solar power energy, and trading of other solar related products. Its segments include Solar Products, Trading, and Renewable Energy. It is also into engineering, procurement and construction (EPC) of power projects on a turnkey basis on a megawatt (MW) scale. It has four Grid Connected Solar Power Plants commissioned in Gujarat and Telangana of five MW each. It provides the engineering, procurement and construction on behalf of its customers within India. Its product offering includes photovoltaic (PV) modules, solar lighting and solar lanterns. Its projects include Charnaka Solar Park, Gujarat; Munnipally, Medak DT., Telangana; Shankapur, Medak DT., Telangana, and Pedumental, RR Dist., Telangana.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Heavy Electrical Equipment: 51 companies →Surana Solar 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)48.6 against a typical 30.4: pricier than most peers (1st = cheapest).33rd of 50
- Sales growth+720.6% against a typical +23.8% from a year earlier.1st of 41
- Profit growth+1,842.9% against a typical +24.6% from a year earlier.1st of 40
- Share price, 3 months−17.9% against a typical −8.7%.32nd of 45
- Size₹ 111.1 Cr. market value against a typical ₹ 5,357.9 Cr. (1st = largest).44th of 47
Latest announcements
Exchange filings and their impact on the company.
- H1 revenue already beat FY26 and profit jumped to Rs 6.2 cr, signalling a sharp turnaround.
Surana Solar reported Q2 FY27 revenue of Rs 10.23 crore, up from Rs 2.58 crore last year, and half-year revenue of Rs 27.38 crore with net profit of Rs 6.19 crore versus Rs 0.82 crore last half. Profit was boosted by a Rs 5.8 crore gain on sale of fixed assets in Q1, but core solar product sales also grew strongly and turned operating margins positive. The strong first half already exceeds last full year's sales and profit, pointing to much higher earnings and net worth over the next year.
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 26 Oct 2026 | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 25 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 29 Apr 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 29 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 29 Oct 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 28 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3 | 4 | 4 | 11 | 14 | 11 | 3 | 2 | 3 | 3 | 14 | 17 |
| Expenses | 4 | 4 | 4 | 11 | 14 | 10 | 4 | 4 | 5 | 2 | 14 | 17 |
| Operating Profit | −1 | 1 | 0 | 0 | 1 | 0 | −1 | −2 | −2 | 1 | 0 | 1 |
| OPM % | −52% | 11.4% | 7.6% | 4.1% | 5.3% | 2.9% | −39.7% | −79% | −90.3% | 29.7% | 0.7% | 3.3% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 4 | 0 | 1 | 6 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | −2 | 0 | 0 | 0 | 0 | 0 | −1 | 0 | 1 | 0 | 0 | 6 |
| Tax % | −14.2% | 66.7% | 260% | 15.6% | 31.3% | 22.7% | −27.3% | 21.6% | 26% | 24.1% | −11.1% | 14.6% |
| Net Profit | −1 | 0 | −0 | 0 | 0 | 0 | −1 | 0 | 1 | 0 | 0 | 5 |
| EPS in Rs | −0.29 | 0.02 | −0.03 | 0.06 | 0.07 | 0.03 | −0.14 | 0.06 | 0.11 | 0.04 | 0.04 | 1.11 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- −16%
- 5 Years
- −6%
- 3 Years
- −21%
- TTM
- 22%
- 10 Years
- −5%
- 5 Years
- 43%
- 3 Years
- 93%
- TTM
- 9,043%
- 10 Years
- 0%
- 5 Years
- 15%
- 3 Years
- 2%
- TTM
- —
- 10 Years
- 1%
- 5 Years
- 1%
- 3 Years
- 2%
- 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.
| Surana Solar | ₹ 21.66 | ₹ 111 Cr. | 48.6x | 1.9x | 2% | — |
| 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
- Mohammed Hafiz Mansoor
- Compliance Officer, Company Secretary
- Baunakar Shekarnath
- Additional Whole-time Director
Prices are delayed and for information only. Nothing on this page is investment advice.