Surana Solar Key Ratios
NSE: SURANASOL | BSE: 533298
₹23.67
As on 06-Oct-2026IST
Market cap
₹118 Cr
Revenue (TTM)
₹36 Cr
P/E Ratio
18.4
P/B Ratio
1.9
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 25.98 | 722.20 | 21.58 | -3.12 | 4.82 |
| EBIT | 104.21 | 101.02 | -6.54 | -263.16 | -226.45 |
| Net Profit | 2,647.47 | 1,835.94 | 10,060.32 | 117.40 | 66.38 |
| EPS | 2,650.25 | 1,836.25 | 10,063.28 | 117.41 | 66.36 |
| Book Value | -- | -- | 2.21 | 0.02 | 1.14 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| -12.80 | -7.57 | -8.80 | -24.68 | -2.51 |
| Net Margin
| -0.69 | 1.22 | 13.67 | 4.47 | 0.15 |
| Return on equity
| 0.02 | 1.13 | 11.18 | 2.18 | 0.10 |
| Return on Capital
| 0.69 | 2.10 | -- | 3.14 | 0.37 |
| Return on Assets
| -0.03 | 0.95 | 10.06 | 1.95 | 0.10 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.00 | 0.00 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Surana Solar
|
--
|
3.14
|
0.37
|
-1.46
|
5.70
|
|
Peer Median
|
--
|
33.95
|
4.27
|
8.69
|
--
|
ROE
11.18
Lower than Peers by 9.57
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Surana Solar
|
11.18
|
2.18
|
0.10
|
-2.22
|
4.06
|
|
Peer Median
|
20.75
|
30.52
|
4.46
|
6.93
|
--
|
ROA
10.06
Lower than Peers by 5.22
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Surana Solar
|
10.06
|
1.95
|
0.10
|
-2.13
|
3.57
|
|
Peer Median
|
15.29
|
13.92
|
2.23
|
2.81
|
--
|
EBIT Margin
-8.80
Lower than Peers by 25.31
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Surana Solar
|
-8.80
|
-24.68
|
-2.51
|
-11.21
|
-3.02
|
|
Peer Median
|
16.51
|
19.39
|
34.67
|
38.48
|
--
|
Net Margin
13.67
Lower than Peers by 0.58
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Surana Solar
|
13.67
|
4.47
|
0.15
|
-6.67
|
4.87
|
|
Peer Median
|
14.26
|
10.56
|
9.22
|
5.86
|
--
|
Cash Profit Margin
0.00
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Surana Solar
|
0.00
|
15.55
|
4.09
|
3.68
|
11.65
|
|
Peer Median
|
--
|
--
|
0.00
|
--
|
--
|
Revenue Growth
21.58
Lower than Peers by 34.32
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Surana Solar
|
21.58
|
-46.30
|
119.13
|
-58.03
|
69.88
|
|
Peer Median
|
55.90
|
80.17
|
1,122.20
|
4.90
|
--
|
EBIT Growth
-6.54
Lower than Peers by 111.75
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Surana Solar
|
-6.54
|
-428.57
|
51.01
|
-55.62
|
-244.81
|
|
Peer Median
|
105.21
|
100.60
|
321.84
|
1,118.72
|
--
|
Net Profit Growth
10,060.32
Higher than Peers by 9,964.45
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Surana Solar
|
10,060.32
|
2,019.15
|
104.65
|
-155.10
|
170.15
|
|
Peer Median
|
95.87
|
68.47
|
200.45
|
97.52
|
--
|
EPS Growth
10,063.28
Higher than Peers by 9,957.64
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Surana Solar
|
10,063.28
|
2,016.81
|
104.65
|
-155.09
|
170.10
|
|
Peer Median
|
105.64
|
53.55
|
264.89
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Surana Solar
|
--
|
2.20
|
0.10
|
-2.19
|
4.14
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Surana Solar
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
0.06
|
0.51
|
0.58
|
1.21
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Surana Solar
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
3.20
Higher than Peers by 1.42
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Surana Solar
|
3.20
|
3.20
|
9.64
|
14.98
|
19.61
|
|
Peer Median
|
1.77
|
1.77
|
1.60
|
1.65
|
--
|
Quick Ratio
1.33
Lower than Peers by 0.01
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Surana Solar
|
1.33
|
1.33
|
5.11
|
7.24
|
10.87
|
|
Peer Median
|
1.35
|
1.21
|
7.01
|
11.62
|
--
|
Interest Coverage
40.41
Higher than Peers by 30.55
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Surana Solar
|
40.41
|
7.90
|
1.26
|
-10.93
|
18.35
|
|
Peer Median
|
9.86
|
8.36
|
1.27
|
2.62
|
--
|
Operating Efficiency
Debtors to sales
1.54
Lower than Peers by 7.32
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Surana Solar
|
1.54
|
2.66
|
1.26
|
1.24
|
0.80
|
|
Peer Median
|
8.87
|
14.66
|
24.64
|
48.22
|
--
|
Asset Turnover
0.56
Lower than Peers by 0.55
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Surana Solar
|
0.56
|
0.33
|
0.65
|
0.30
|
0.66
|
|
Peer Median
|
1.12
|
1.88
|
0.99
|
0.30
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Surana Solar
|
--
|
9.14
|
3.34
|
5.73
|
16.80
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Surana Solar
|
--
|
297.10
|
159.04
|
322.42
|
146.70
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Surana Solar
|
--
|
15.27
|
3.81
|
11.29
|
6.84
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Surana Solar
|
--
|
290.97
|
158.57
|
316.86
|
156.66
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
18.43
Lower than Peers by 2.19
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Surana Solar
|
18.43
|
73.64
|
2,705.04
|
--
|
36.68
|
|
Peer Median
|
20.61
|
19.35
|
41.83
|
81.94
|
--
|
Price / Book Value
1.88
Lower than Peers by 2.65
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Surana Solar
|
1.88
|
1.59
|
2.82
|
2.79
|
1.46
|
|
Peer Median
|
4.52
|
4.44
|
5.60
|
4.27
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Surana Solar
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
11.61
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Surana Solar
|
11.61
|
23.60
|
90.29
|
144.49
|
13.63
|
|
Peer Median
|
--
|
13.63
|
68.21
|
34.54
|
--
|
Market Cap
118
Lower than Peers by 2,968
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Surana Solar
|
118
|
91
|
158
|
157
|
84
|
|
Peer Median
|
3,086
|
5,304
|
2,139
|
1,938
|
--
|