Surana Solar Limited
Surana Solar Limited manufactures and sells solar panels and solar photovoltaic (PV) modules under the Surana Solar brand in India and internationally. It operates through Renewable Energy and Trading & Others segments. The company engages in generation of wind and solar power energy; trading of other solar related products; and infrastructure leasing activities. It also provides engineering, pro… Read more
Surana Solar Limited (SURANASOL) - Net Assets
Latest net assets as of September 2025: ₹570.49 Million INR
Based on the latest financial reports, Surana Solar Limited (SURANASOL) has net assets worth ₹570.49 Million INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹721.11 Million) and total liabilities (₹150.62 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹570.49 Million |
| % of Total Assets | 79.11% |
| Annual Growth Rate | 20.52% |
| 5-Year Change | 3.56% |
| 10-Year Change | 12.5% |
| Growth Volatility | 138.51 |
Surana Solar Limited - Net Assets Trend (2008–2025)
This chart illustrates how Surana Solar Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Surana Solar Limited (2008–2025)
The table below shows the annual net assets of Surana Solar Limited from 2008 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹562.26 Million | +0.10% |
| 2024-03-31 | ₹561.68 Million | -2.19% |
| 2023-03-31 | ₹574.26 Million | +4.14% |
| 2022-03-31 | ₹551.41 Million | +1.56% |
| 2021-03-31 | ₹542.96 Million | +0.39% |
| 2020-03-31 | ₹540.85 Million | +1.10% |
| 2019-03-31 | ₹534.94 Million | +1.91% |
| 2018-03-31 | ₹524.91 Million | +1.63% |
| 2017-03-31 | ₹516.50 Million | +3.35% |
| 2016-03-31 | ₹499.77 Million | +4.44% |
| 2015-03-31 | ₹478.51 Million | +12.91% |
| 2014-03-31 | ₹423.79 Million | +0.39% |
| 2013-03-31 | ₹422.12 Million | -0.70% |
| 2012-03-31 | ₹425.11 Million | -2.54% |
| 2011-03-31 | ₹436.20 Million | +45.23% |
| 2010-03-31 | ₹300.36 Million | +84.59% |
| 2009-03-31 | ₹162.71 Million | +591.24% |
| 2008-03-31 | ₹23.54 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Surana Solar Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 13568382800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹135.22 Million | 24.05% |
| Common Stock | ₹246.03 Million | 43.76% |
| Other Comprehensive Income | ₹179.89 Million | 31.99% |
| Other Components | ₹1.11 Million | 0.20% |
| Total Equity | ₹562.26 Million | 100.00% |
Surana Solar Limited Competitors by Market Cap
The table below lists competitors of Surana Solar Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AppYea Inc
OTCQB:APYP
|
$7.40 Million |
|
CodeMill AB
ST:CDMIL
|
$7.40 Million |
|
I-Hwa Industrial Co Ltd
TW:1456
|
$7.40 Million |
|
Hong Ha Son La Processing Agricutural Product JSC
VN:HSL
|
$7.40 Million |
|
Turbo Energy, S.A. American Depositary Shares
NASDAQ:TURB
|
$7.39 Million |
|
M2A0
F:M2A0
|
$7.39 Million |
|
Corus Entertainment Inc
PINK:CJREF
|
$7.39 Million |
|
Y/KNOT S.A.
AT:YKNOT
|
$7.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Surana Solar Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 561,676,000 to 562,261,000, a change of 585,000 (0.1%).
- Net income of 585,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 1,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹585.00K | +0.1% |
| Other Comprehensive Income | ₹-1.00K | -0.0% |
| Other Changes | ₹1.00K | +0.0% |
| Total Change | ₹- | 0.10% |
Book Value vs Market Value Analysis
This analysis compares Surana Solar Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.23x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 27.26x to 2.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-03-31 | ₹0.78 | ₹21.39 | x |
| 2009-03-31 | ₹5.42 | ₹21.39 | x |
| 2010-03-31 | ₹16.69 | ₹21.39 | x |
| 2011-03-31 | ₹8.86 | ₹21.39 | x |
| 2012-03-31 | ₹8.64 | ₹21.39 | x |
| 2013-03-31 | ₹8.58 | ₹21.39 | x |
| 2014-03-31 | ₹8.61 | ₹21.39 | x |
| 2015-03-31 | ₹9.72 | ₹21.39 | x |
| 2016-03-31 | ₹10.16 | ₹21.39 | x |
| 2017-03-31 | ₹10.50 | ₹21.39 | x |
| 2018-03-31 | ₹10.67 | ₹21.39 | x |
| 2019-03-31 | ₹10.87 | ₹21.39 | x |
| 2020-03-31 | ₹10.99 | ₹21.39 | x |
| 2021-03-31 | ₹11.03 | ₹21.39 | x |
| 2022-03-31 | ₹11.21 | ₹21.39 | x |
| 2023-03-31 | ₹11.67 | ₹21.39 | x |
| 2024-03-31 | ₹11.41 | ₹21.39 | x |
| 2025-03-31 | ₹9.61 | ₹21.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Surana Solar Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.15%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 1.06x
- Recent ROE (0.10%) is below the historical average (5.53%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -1.84% | 0.00% | 0.00x | 1.19x | ₹-2.79 Million |
| 2009 | -4.50% | 0.00% | 0.00x | 1.20x | ₹-23.60 Million |
| 2010 | 20.68% | 21.17% | 0.51x | 1.90x | ₹32.08 Million |
| 2011 | 37.72% | 16.08% | 1.29x | 1.82x | ₹120.91 Million |
| 2012 | 0.76% | 0.44% | 0.93x | 1.84x | ₹-39.30 Million |
| 2013 | 6.11% | 2.72% | 0.95x | 2.37x | ₹-16.42 Million |
| 2014 | 7.16% | 2.35% | 1.26x | 2.42x | ₹-12.03 Million |
| 2015 | 17.63% | 6.73% | 1.00x | 2.63x | ₹36.50 Million |
| 2016 | 4.25% | 1.80% | 1.13x | 2.09x | ₹-28.72 Million |
| 2017 | 3.24% | 1.99% | 0.99x | 1.64x | ₹-34.92 Million |
| 2018 | 1.61% | 2.15% | 0.49x | 1.54x | ₹-44.06 Million |
| 2019 | 1.88% | 2.89% | 0.44x | 1.48x | ₹-43.46 Million |
| 2020 | 1.09% | 1.78% | 0.52x | 1.19x | ₹-48.18 Million |
| 2021 | 0.39% | 0.76% | 0.44x | 1.18x | ₹-52.19 Million |
| 2022 | 1.53% | 3.41% | 0.36x | 1.24x | ₹-46.68 Million |
| 2023 | 3.98% | 5.42% | 0.71x | 1.04x | ₹-34.58 Million |
| 2024 | -2.24% | -7.11% | 0.30x | 1.05x | ₹-68.76 Million |
| 2025 | 0.10% | 0.15% | 0.65x | 1.06x | ₹-55.64 Million |
Industry Comparison
This section compares Surana Solar Limited's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $4,355,206,667
- Average return on equity (ROE) among peers: 2.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Surana Solar Limited (SURANASOL) | ₹570.49 Million | -1.84% | 0.26x | $7.40 Million |
| BOROSIL RENEWABLES LIMITED (BORORENEW) | $9.43 Billion | 7.39% | 0.73x | $259.05 Million |
| GENSOL ENGINEERING ORD (BSE) (GENSOL) | $464.90 Million | 23.85% | 3.47x | $4.61 Million |
| Premier Energies Limited (PREMIERENE) | $4.04 Billion | -3.55% | 2.32x | $1.08 Billion |
| Ravindra Energy Limited (RELTD) | $3.54 Billion | 6.12% | 0.84x | $14.81K |
| Swelect Energy Systems Limited (SWELECTES) | $7.00 Billion | 3.09% | 0.29x | $33.33 Million |
| Sterling and Wilson Renewable Energy Limited (SWSOLAR) | $9.55 Billion | -22.19% | 3.50x | $241.57 Million |
| Ujaas Energy Limited (UEL) | $1.63 Billion | 22.97% | 2.05x | $74.81 Million |
| Urja Global Limited (URJA) | $32.01 Million | 0.00% | 0.00x | $41.92 Million |
| VIKRAM SOLAR LIMITED (VIKRAMSOLR) | $3.51 Billion | -17.92% | 5.37x | $233.11 Million |