Smarten Power Systems Peer Comparison

NSE: SMARTEN

₹59.80

₹0.45 (0.76%)

As on 28-Aug-2026IST

Market cap

₹114 Cr

Revenue (TTM)

₹202 Cr

P/E Ratio

12.9

P/B Ratio

2.7

Div. Yield

0 %

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	Smarten Power Systems	Oriana Power	Alpex Solar	Solarworld Energy Solutions	Solex Energy
Market cap (₹ Cr)	114	2,640	2,169	1,285	821
Revenue (₹ Cr)	202	987	2,346	1,476	1,619
Net Profit (₹ Cr)	12.77	158.54	199.31	117.71	81.80
Net Margin (%)	6.28	15.88	8.46	7.78	5.03
RoE (%)	39.72	48.35	38.80	14.66	36.21
Price to Earnings	12.91	10.46	10.84	10.98	10.28
Price-To-Book	2.67	5.18	3.61	1.50	3.14

Income Statement
Liabilities
Assets
Cashflow
Ratios

Income Statement (₹ Cr)

	Smarten Power Systems	Oriana Power	Alpex Solar	Solarworld Energy Solutions	Solex Energy
Operating Revenue	201.75	987.17	780.15	544.77	662.22
Total Income	203.20	998.07	783.01	551.09	665.82
Total Expenditure	184.83	752.58	654.86	435.52	589.11
EBITDA	16.92	234.59	125.29	109.25	73.12
Depreciation	0.41	8.49	8.50	0.23	9.23
EBIT	16.51	226.10	116.79	109.02	63.89
Interest	0.81	24.64	7.32	6.23	10.77
Other Income	1.46	10.90	2.86	6.32	3.60
Exceptional Items	--	--	--	-2.12	--
Profit before Tax	17.15	212.36	112.31	106.61	56.71
Provision for Tax	4.38	53.82	28.83	29.56	13.92
Profit after Tax	12.77	158.54	83.48	77.05	42.79

Liabilities (₹ Cr)

	Smarten Power Systems	Oriana Power	Alpex Solar	Solarworld Energy Solutions	Solex Energy
Shareholder's Funds	38.54	509.65	216.41	309.07	160.63
Minority Interest	--	7.98	--	--	0.89
Non-Current Liabilities	3.03	220.42	18.15	60.36	72.35
Current Liabilities	55.42	624.24	235.82	223.74	246.39
Total Liabilities	97.24	1,362.94	473.61	598.02	480.25

Assets (₹ Cr)

	Smarten Power Systems	Oriana Power	Alpex Solar	Solarworld Energy Solutions	Solex Energy
Non-Current Assets	11.25	447.33	113.00	158.17	118.09
Current Assets	85.74	914.96	357.39	434.99	362.16
Total Assets	97.24	1,362.94	473.61	598.02	480.25
Total Debt*	16.59	270.61	72.08	114.55	147.50
Net Current Assets	30.32	290.72	121.56	211.25	115.77
Contingent Liabilities	--	335.40	49.44	73.61	--

Cashflow (₹ Cr)

	Smarten Power Systems	Oriana Power	Alpex Solar	Solarworld Energy Solutions	Solex Energy
Cash From Operating Activities	-2.51	290.49	68.84	53.90	-47.49
Cash Flow from Investing Activities	-5.80	-522.37	-81.90	-273.50	-53.70
Cash from Financing Activities	9.11	269.53	16.27	210.30	113.05
Net Cash Inflow / Outflow	0.80	37.65	3.20	-9.29	11.86

Ratios

Profitability Ratios

	Smarten Power Systems	Oriana Power	Alpex Solar	Solarworld Energy Solutions	Solex Energy
ROCE (%)	41.04	42.70	52.33	40.42	29.96
ROE (%)	39.72	48.35	47.78	40.30	41.37
ROA (%)	14.49	17.89	23.95	20.62	12.36
EBIT Margin (%)	9.11	24.87	16.43	21.21	11.58
Net Margin (%)	6.28	15.88	10.66	13.98	6.43
Cash Profit Margin (%)	6.53	16.92	11.79	14.19	7.86

Growth Ratios

	Smarten Power Systems	Oriana Power	Alpex Solar	Solarworld Energy Solutions	Solex Energy
Revenue Growth (%)	3.36	157.83	89.08	8.73	80.97
EBIT Growth (%)	7.58	193.31	231.76	57.57	151.46
Net Profit Growth (%)	13.11	192.06	186.98	49.06	389.92
EPS Growth (%)	13.11	175.41	186.98	29.96	345.41
Book Value Growth (%)	49.56	248.60	62.68	319.51	247.37

Valuation Ratios

	Smarten Power Systems	Oriana Power	Alpex Solar	Solarworld Energy Solutions	Solex Energy
Price / Earnings	0.00	16.79	16.62	0.00	16.22
Price / Book Value	0.00	5.22	6.41	0.00	4.24
Dividend Yield (%)	--	0.00	0.00	--	0.09
EV/EBITDA	1.54	11.66	11.03	0.21	10.65
Market Cap (₹ Cr)	0.00	2,661.50	1,387.42	0.00	681.82

Solvency Ratios

	Smarten Power Systems	Oriana Power	Alpex Solar	Solarworld Energy Solutions	Solex Energy
Debt to Equity	0.43	0.53	0.33	0.37	0.92
Short term debt to equity ratio	0.36	0.06	0.23	0.16	0.38
Current Ratio	1.55	1.47	1.52	1.94	1.47
Quick Ratio	0.93	1.43	1.08	1.94	0.74
Interest Coverage	22.08	9.62	16.35	18.11	6.27

Operating Efficiency Ratios

	Smarten Power Systems	Oriana Power	Alpex Solar	Solarworld Energy Solutions	Solex Energy
Debtors to sales (%)	18.95	39.93	15.86	26.48	17.54
Asset Turnover	2.29	1.11	2.24	1.46	1.91
Receivable days	73.20	87.38	45.48	58.44	44.87
Inventory Days	51.28	7.01	32.60	1.44	67.77
Payable days	69.59	57.48	35.61	39.81	51.77
Cash Conversion Cycle	54.90	36.92	42.47	20.07	60.87