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SURANASOL - Surana Solar Share Price

₹9.3 -0.3  -2.7%

Last Trade - 07/05/21

Market Cap £4.48m
Enterprise Value £4.61m
Revenue £2.73m
Position in Universe 2126th / 3107
Bullish
Bearish
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Momentum
Relative Strength (%)
1m +4.34%
3m
6m
1yr
Volume Change (%)
10d / 3m
Price vs... (%)
52w High -36.7%
50d MA
200d MA
Growth & Value
12m Forecast Rolling Industry Market
Valuation (ttm) Industry Market
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Qualifying GuruScreens
Financial Summary
Year End 31st Mar 2016 2017 2018 2019 2020 2021 2022E 2023E CAGR / Avg
1,182 840.9 391.2 347.4 331.7 279.4 -25.1%
-75.8 -21.4 -49.5 +18.7
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Dividends
Balance Sheet
NFA
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FINANCIAL BRIEF: : For the fiscal year ended 31 March 2021, SuranaSolar Ltd revenues decreased 16% to RS279.4M. Net incomedecreased 64% to RS2.1M. Revenues reflect a decrease indemand for the Company's products and services due tounfavorable market conditions. Net income also reflectsBalancing Item - Pretax Income increase from RS0K to RS1K(expense). Basic Earnings per Share excluding ExtraordinaryItems decreased from RS0.12 to RS0.04.
Health Trend(F-Score)
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Recent History
Latest interim period vs. prior period Industry Market
3yr Compound Annual Growth Rate Industry Market
Graphical History

Revenue

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Net Income

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Normalised EPS

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PE Ratio Range

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Dividend Yield Range

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Analyst Forecasts
Price Target:
( below Price)
31st Dec 2021
31st Dec 2022
Est. Long Term Growth Rate: Net Profit
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Strong Sell Sell Hold Buy Strong Buy
EPS 2020 /  2021
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Profile Summary

Surana Solar Limited is engaged in the business of manufacturing of solar panels/photo-voltaic (PV) cells. The Company is also engaged in the generation of wind power energy and trading of other solar related products. The Company operates through two segments: manufacturing of solar Photovoltaic (SPV) modules and generation of wind power energy. The Company's products include PV modules, lighting products and solar lanterns. Its solar lighting product range includes home lighting systems and solar street lighting. Within a range of 1 megawatt (MW) to 15 MW, the Company provides engineering, procurement and construction services on behalf of its customers within India. SPV Modules Manufacturing Plant is setup at Cherlapally with 12 MW installed capacity. The Company has approximately four grid connected solar power plants commissioned in Gujarat and Telangana of over five MW each.

Directors
Last Annual March 31st, 2021
Last Interim March 31st, 2021
Incorporated November 8, 2006
Public Since January 6, 2011
No. of Shareholders: n/a
No. of Employees: 95
Sector Energy
Industry Renewable Energy
Index
Exchange National Stock Exchange of India
Shares in Issue 49,206,600
Free Float (0.0%)
Eligible for
ISAs
SIPPs
SURANASOL Share Price Performance
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Latest News for SURANASOL
Upcoming Events for SURANASOL
Frequently Asked Questions for Surana Solar
What is the Surana Solar share price?

As of 07/05/21, shares in Surana Solar are trading at ₹9.3, giving the company a market capitalisation of £4.48m. This share price information is delayed by 15 minutes.

How has the Surana Solar share price performed this year?

Shares in Surana Solar are currently trading at ₹9.3 and the price has moved by 70.64% over the past 365 days. In terms of relative price strength - which takes into account the overall market trend - the Surana Solar price has moved by 6.09% over the past year.

What are the analyst and broker recommendations for Surana Solar?

Of the analysts with advisory recommendations for Surana Solar, there are there are currently "buy" , "hold" and "sell" recommendations. The overall consensus recommendation for Surana Solar is Not available. You can view the full broker recommendation list by unlocking its StockReport.

When will Surana Solar next release its financial results?

Surana Solar is scheduled to issue upcoming financial results on the following dates:

Interim results are scheduled for: 2022-03-31
What is the Surana Solar dividend yield?

Surana Solar does not currently pay a dividend.

Does Surana Solar pay a dividend?

Surana Solar does not currently pay a dividend.

When does Surana Solar next pay dividends?

Surana Solar does not currently pay a dividend.

How do I buy Surana Solar shares?

To buy shares in Surana Solar you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.

What is the market cap of Surana Solar?

Shares in Surana Solar are currently trading at ₹9.3, giving the company a market capitalisation of £4.48m.

Where are Surana Solar shares listed? Where are Surana Solar shares listed?

Here are the trading details for Surana Solar:

Country of listing: India
Exchange: NSI
Ticker Symbol: SURANASOL
What kind of share is Surana Solar?

Based on an overall assessment of its quality, value and momentum, Surana Solar is currently classified as a Style Neutral. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.

Is there a Surana Solar share price forecast 2021?

We were not able to load any forecast data for Surana Solar.

How can I tell whether the Surana Solar share price will go up?

An important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like Surana Solar. Over the past six months, the relative strength of its shares against the market has been 12.79%. At the current price of ₹9.3, shares in Surana Solar are trading at 12.05% against their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.

What is the Surana Solar PE Ratio?

The Surana Solar PE ratio based on its reported earnings over the past 12 months is 0.233k. The shares are currently trading at ₹9.3.

The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. It is calculated by dividing a company's price per share by its earnings per share.

The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. So in general terms, the higher the PE, the more expensive the stock is.

Who are the key directors of Surana Solar?

Surana Solar's management team is headed by:

G. Mangilal Surana - NEC
R. Surender Reddy - NID
Narender Surana - NED
Devendra Surana - EDR
Manish Surana - FID
Nirmal Jain - IND
Swapna Gade - CCO
Sanjana Jain - IND
Who are the major shareholders of Surana Solar?

Here are the top five shareholders of Surana Solar based on the size of their shareholding:

Surana Group Corporation
Percentage owned: 41.43% (20.4m shares)
Surana (Narender) Individual Investor
Percentage owned: 8.85% (4.35m shares)
Surana (Devendra) Individual Investor
Percentage owned: 8.52% (4.19m shares)
Surana (Manish) Individual Investor
Percentage owned: 2.72% (1.34m shares)
Surana (Advait) Individual Investor
Percentage owned: 2.2% (1.08m shares)
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