Surana Solar Limited (SURANASOL) - Net Assets

Latest as of September 2025: Rs570.49 Million INR ≈ $6.17 Million USD

Based on the latest financial reports, Surana Solar Limited (SURANASOL) has net assets worth Rs570.49 Million INR (≈ $6.17 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs721.11 Million ≈ $7.80 Million USD) and total liabilities (Rs150.62 Million ≈ $1.63 Million USD). 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. Check SURANASOL asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs570.49 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. Also explore total assets of Surana Solar Limited for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Surana Solar Limited (SURANASOL) market capitalisation.

Year	Net Assets	Change
2025-03-31	Rs562.26 Million ≈ $6.08 Million	+0.10%
2024-03-31	Rs561.68 Million ≈ $6.07 Million	-2.19%
2023-03-31	Rs574.26 Million ≈ $6.21 Million	+4.14%
2022-03-31	Rs551.41 Million ≈ $5.96 Million	+1.56%
2021-03-31	Rs542.96 Million ≈ $5.87 Million	+0.39%
2020-03-31	Rs540.85 Million ≈ $5.85 Million	+1.10%
2019-03-31	Rs534.94 Million ≈ $5.79 Million	+1.91%
2018-03-31	Rs524.91 Million ≈ $5.68 Million	+1.63%
2017-03-31	Rs516.50 Million ≈ $5.59 Million	+3.35%
2016-03-31	Rs499.77 Million ≈ $5.40 Million	+4.44%
2015-03-31	Rs478.51 Million ≈ $5.17 Million	+12.91%
2014-03-31	Rs423.79 Million ≈ $4.58 Million	+0.39%
2013-03-31	Rs422.12 Million ≈ $4.57 Million	-0.70%
2012-03-31	Rs425.11 Million ≈ $4.60 Million	-2.54%
2011-03-31	Rs436.20 Million ≈ $4.72 Million	+45.23%
2010-03-31	Rs300.36 Million ≈ $3.25 Million	+84.59%
2009-03-31	Rs162.71 Million ≈ $1.76 Million	+591.24%
2008-03-31	Rs23.54 Million ≈ $254.57K	--

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	Rs135.22 Million	24.05%
Common Stock	Rs246.03 Million	43.76%
Other Comprehensive Income	Rs179.89 Million	31.99%
Other Components	Rs1.11 Million	0.20%
Total Equity	Rs562.26 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
GigaMedia Limited F:GIFN	$14.87 Million
Dantax CO:DANT	$14.88 Million
INNO-GENE SA ZY -10 F:WQ3	$14.88 Million
Equatorial Resources Ltd AU:EQX	$14.88 Million
Xenora Minerals Ltd AU:XRA	$14.87 Million
Capital Engineering Network Public Company Limited BK:CEN	$14.86 Million
Applied Therapeutics Inc NASDAQ:APLT	$14.86 Million
Kko International SA PA:ALKKO	$14.86 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	Rs585.00K	+0.1%
Other Comprehensive Income	Rs-1.00K	-0.0%
Other Changes	Rs1.00K	+0.0%
Total Change	Rs-	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: 2.91x
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 35.61x to 2.91x 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	Rs0.78	Rs27.94	x
2009-03-31	Rs5.42	Rs27.94	x
2010-03-31	Rs16.69	Rs27.94	x
2011-03-31	Rs8.86	Rs27.94	x
2012-03-31	Rs8.64	Rs27.94	x
2013-03-31	Rs8.58	Rs27.94	x
2014-03-31	Rs8.61	Rs27.94	x
2015-03-31	Rs9.72	Rs27.94	x
2016-03-31	Rs10.16	Rs27.94	x
2017-03-31	Rs10.50	Rs27.94	x
2018-03-31	Rs10.67	Rs27.94	x
2019-03-31	Rs10.87	Rs27.94	x
2020-03-31	Rs10.99	Rs27.94	x
2021-03-31	Rs11.03	Rs27.94	x
2022-03-31	Rs11.21	Rs27.94	x
2023-03-31	Rs11.67	Rs27.94	x
2024-03-31	Rs11.41	Rs27.94	x
2025-03-31	Rs9.61	Rs27.94	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	Rs-2.79 Million
2009	-4.50%	0.00%	0.00x	1.20x	Rs-23.60 Million
2010	20.68%	21.17%	0.51x	1.90x	Rs32.08 Million
2011	37.72%	16.08%	1.29x	1.82x	Rs120.91 Million
2012	0.76%	0.44%	0.93x	1.84x	Rs-39.30 Million
2013	6.11%	2.72%	0.95x	2.37x	Rs-16.42 Million
2014	7.16%	2.35%	1.26x	2.42x	Rs-12.03 Million
2015	17.63%	6.73%	1.00x	2.63x	Rs36.50 Million
2016	4.25%	1.80%	1.13x	2.09x	Rs-28.72 Million
2017	3.24%	1.99%	0.99x	1.64x	Rs-34.92 Million
2018	1.61%	2.15%	0.49x	1.54x	Rs-44.06 Million
2019	1.88%	2.89%	0.44x	1.48x	Rs-43.46 Million
2020	1.09%	1.78%	0.52x	1.19x	Rs-48.18 Million
2021	0.39%	0.76%	0.44x	1.18x	Rs-52.19 Million
2022	1.53%	3.41%	0.36x	1.24x	Rs-46.68 Million
2023	3.98%	5.42%	0.71x	1.04x	Rs-34.58 Million
2024	-2.24%	-7.11%	0.30x	1.05x	Rs-68.76 Million
2025	0.10%	0.15%	0.65x	1.06x	Rs-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: $3,229,727,071
Average return on equity (ROE) among peers: 41.60%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Surana Solar Limited (SURANASOL)	Rs570.49 Million	-1.84%	0.26x	$14.87 Million
BOROSIL RENEWABLES LIMITED (BORORENEW)	$6.24 Billion	5.22%	0.06x	$760.32 Million
GENSOL ENGINEERING ORD (BSE) (GENSOL)	$1.46 Million	249.59%	36.61x	$9.63 Million
Premier Energies Limited (PREMIERENE)	$2.39 Billion	9.82%	3.09x	$4.95 Billion
Swelect Energy Systems Limited (SWELECTES)	$2.93 Billion	11.86%	0.45x	$108.10 Million
Sterling and Wilson Renewable Energy Limited (SWSOLAR)	$8.38 Billion	76.30%	5.44x	$526.17 Million
Urja Global Limited (URJA)	$1.64 Billion	0.63%	0.27x	$64.95 Million
Waaree Energies Limited (WAAREEENER)	$3.41 Billion	13.08%	1.76x	$9.70 Billion
Websol Energy System Limited (WEBELSOLAR)	$859.71 Million	-33.67%	3.09x	$505.10 Million

About Surana Solar Limited

NSE:SURANASOL India Solar

Market Cap

$14.87 Million

Rs1.37 Billion INR

Market Cap Rank

#25869 Global

#1444 in India

Share Price

Rs27.94

Change (1 day)

-1.93%

52-Week Range

Rs18.78 - Rs38.05

All Time High

Rs65.38