Surana Solar Ltd Stock Price Today (NSE: SURANASOL)

Surana Solar Ltd

26.571.05 (3.80%)
Market Closed

Fundamental Score

...

Surana Solar Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Surana Solar Ltd share price today is 26.57, down 3.80% on NSE/BSE as of 7 August 2026. Surana Solar Ltd (SURANASOL) is a Small-cap company in the Heavy Electrical Equipment sector with a market capitalisation of 124.74 (Cr). The 52-week high for SURANASOL share price is 39.08 and the 52-week low is 18.31. At a P/E ratio of 100.60x, SURANASOL is currently trading above its industry average P/E of 38.29x. The company has a Return on Equity (ROE) of 2.18% and a debt-to-equity ratio of 0.00.

Surana Solar Ltd Share Price Chart — NSE/BSE Historical Performance

No data
High
30.50
Low
24.85
Volume
99.7K
Change
-2.91%

Surana Solar Ltd share price chart: -2.91% return over the past month. 52-week high ₹39.08, 52-week low ₹18.31.

Surana Solar Ltd — Last 10 Trading Days

DateOpenHighLowCloseVolume
26.2028.4726.1927.621.87L (Cr)
25.9526.4825.8626.2240.18K (Cr)
26.5326.5925.9025.9549.29K (Cr)
26.4026.4026.0526.2732.61K (Cr)
26.2626.5225.8126.0490.91K (Cr)
26.4527.2926.1326.3775.72K (Cr)
28.3028.4226.6526.831.19L (Cr)
28.5030.5027.6127.9010.17L (Cr)
26.1526.4026.1526.2917.47K (Cr)
25.9126.6025.9126.3134.47K (Cr)

Surana Solar Ltd — Last 12 Months Price History

MonthOpenHighLowCloseChange
26.4028.4725.8627.62+4.62%
26.9730.5024.8526.04-3.45%
26.8228.5025.7026.97+0.56%
27.9129.9424.3327.34-2.04%
19.2132.5019.2127.94+45.45%
20.7123.8018.3118.78-9.32%
24.5325.9022.2022.87-6.77%
27.1028.6422.6523.59-12.95%
29.7629.7626.0226.63-10.52%
31.6631.9828.5029.31-7.42%
32.5734.5131.1031.66-2.79%
30.5239.0829.9732.39+6.13%

AI Research Briefing

Powered by Gemini · 2026-04-09

Micro-cap solar play with weak financials and high execution risk; avoid until significant turnaround.

Research Confidence
4.0/10Low
MICRO-CAP DARK HORSEBreakdown. 1M: -7.93%, 3M: -4.92%, 6M: -20.7%P/E Nonex vs Industry P/E: 47.05x. Cannot compare due to losses.

WHAT'S HAPPENING NOW (last 2-4 weeks)

No major catalysts found after live search. The trading window is closed from April 1, 2026, until 48 hours after the declaration of financial results for the quarter ended March 31, 2026.

CORE STORY (THE REAL GAME)

Surana Solar is a play on India's renewable energy push, manufacturing solar PV modules and offering EPC services. However, it's a micro-cap in a sector dominated by larger players.

Why Now
  • Trading window closed, no immediate triggers
  • Weak financial performance
  • Micro-cap illiquidity risk
Potential Catalysts
  • Significant order wins
  • Government policy changes favoring domestic solar manufacturers
  • Turnaround in financial performance
Key Risks
  • Micro/SME cap: Illiquidity risk
  • Negative free cash flow
  • Weak interest coverage of 0.24x
Institutional Activity

FII decreased holding by 0.35%.

Macro Context

Government focus on renewable energy is a tailwind, but intense competition exists.

Cash Flow Quality

No Free Cash Flow 5Y: ₹None Cr

3–6 Month Outlook

Company needs to demonstrate consistent profitability and secure significant orders to justify investment. 3-6 month outlook is negative.

Primary Thesis Risk

Inability to achieve profitability and generate positive cash flow will lead to collapse.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Poor

Return on Equity (ROE)

2.18%

Profit generated per ₹1 of shareholder equity

Poor

Return on Capital (ROCE)

3.15%

Returns generated on total capital deployed

Poor

Oper. Profit Margin (5Y Avg)

3.46%

Average operating profit margin over 5 years

Dividend Yield

0.00%

Annual dividend as % of current share price

Surana Solar Ltd Valuation Check

Poor

Price to Earnings (P/E)

100.60x

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

38.29x

Average P/E of all peers in this sector

Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Shareholding Pattern

Excellent

Promoter Holding

44.34%

% shares held by company founders/management

Poor

FII Holding

0.00%

% shares held by foreign institutional investors

Poor

DII Holding

0.04%

% held by domestic mutual funds, LIC, banks

Excellent

Promoter Pledged %

0.00%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Excellent

Profit Growth (Quarterly YoY)

128.17%

Net profit growth vs same quarter last year

Excellent

Revenue Growth (Quarterly YoY)

440.08%

Revenue growth vs same quarter last year

Poor

Revenue Growth (5-Year CAGR)

-5.70%

Compounded annual revenue growth over 5 years

Excellent

EPS Growth (5-Year CAGR)

42.64%

Earnings per share growth over 5 years

Excellent

Net Profit Growth (5-Year CAGR)

42.64%

Compounded annual net profit growth over 5 years

Balance Sheet Health

Excellent

Debt to Equity Ratio

0.00x

Total debt ÷ equity. Below 0.5 = financially healthy

Excellent

Interest Coverage Ratio

7.78x

EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably

Free Cash Flow (5-Year Total)

-1.32 (Cr)

Cash left after capex over 5 years. Positive = self-funded growth

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Surana Solar Ltd Fundamental Analysis & Valuation Benchmarking

Educational evaluation of SURANASOL across key market metrics for learning purposes.

Positive Indicators

7 factors identified

Robust Profit Growth (128.17%)

Observation: Strong year-over-year profit expansion demonstrates business momentum.

Analysis: Profit growth >20% indicates effective execution and market opportunity capture.

Strong Revenue Growth (440.08%)

Observation: Healthy sales growth indicates market demand and execution capability.

Analysis: Revenue growth >15% suggests strong market position and growth potential.

Excellent EPS Growth (42.64% CAGR)

Observation: Outstanding 5-year earnings per share compound growth.

Analysis: EPS CAGR >15% indicates strong wealth creation potential.

Strong Profit Growth Track Record (42.64% CAGR)

Observation: Consistent 5-year profit compound annual growth rate.

Analysis: Profit CAGR >15% demonstrates scalable business model.

Debt-Free Balance Sheet (D/E: 0.00)

Observation: Low leverage provides financial flexibility and reduced risk.

Analysis: Conservative debt structure offers resilience during economic downturns.

Strong Interest Coverage (7.78x)

Observation: Earnings comfortably cover interest obligations.

Analysis: Interest coverage >5x indicates low financial distress risk.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

Analysis: Absence of share pledging eliminates potential forced-selling pressure.

Risk Factors

8 factors identified

Below-Average Return on Equity (2.18%)

Observation: Returns on equity are below industry benchmarks.

Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.

Suboptimal ROCE (3.15%)

Observation: Returns on capital employed are below expectations.

Analysis: ROCE <10% suggests potential inefficiencies in capital allocation.

Margin Pressure Concerns (3.46%)

Observation: Operating margins are below industry standards.

Analysis: OPM <5% may indicate pricing pressures or cost management challenges.

Premium Valuation Risk (P/E: 100.60x)

Observation: High valuation multiples may limit upside potential.

Analysis: Elevated P/E ratios require strong growth execution to justify current valuations.

Limited Growth History (-5.70% CAGR)

Observation: Below-average 5-year sales growth trajectory.

Analysis: Low sales CAGR may indicate mature markets or limited growth opportunities.

Negative Free Cash Flow (₹-1.32 Cr over 5Y)

Observation: Cash outflows exceed inflows.

Analysis: Negative FCF requires analysis of capital expenditure cycle.

Limited Institutional Interest (FII+DII: 0.04%)

Observation: Low institutional participation may affect liquidity.

Analysis: Limited institutional interest may indicate size constraints or visibility issues.

No Dividend Distribution

Observation: Company does not currently pay dividends to shareholders.

Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.

Surana Solar Ltd vs Heavy Electrical Equipment Peers

Peer Comparison - Heavy Electrical Equipment

Compare Surana Solar Ltd with 10 other companies in the same sector

11 companies
Company Info
Fundamental
Valuation
Profitability
Financial Health
Growth
Dividend
Company
Company name
Score
Bull Run comprehensive fundamental score based on 20+ metrics
Price
Current trading price of the stock
Market Cap
Total value of all shares in the market
P/E
Price per share divided by earnings per share
ROE
Net income divided by shareholder equity
ROCE
Earnings before interest and tax divided by capital employed
Debt/Eq
Total debt divided by total equity
Profit 5Y
Average annual profit growth over 5 years
Sales 5Y
Average annual sales growth over 5 years
Dividend
Annual dividend per share divided by price per share
47.9/100
27
₹124.74
100.6
Average
2.18%
Poor
3.15%
Poor
0.0
Excellent
42.64%
Excellent
-5.70%
Poor
0.00%
64.2/100
7285
₹152553.18
100.2
Average
22.39%
Excellent
29.93%
Excellent
0.0
Excellent
57.13%
Excellent
17.80%
Excellent
0.55%
72.8/100
32175
₹151500.72
147.4
Average
21.89%
Excellent
29.02%
Excellent
0.0
Excellent
53.66%
Excellent
18.96%
Excellent
0.02%
76.1/100
863
₹146315.18
121.0
Average
20.48%
Excellent
26.71%
Excellent
0.0
Excellent
69.51%
Excellent
33.18%
Excellent
0.14%
63.1/100
407
₹145514.83
91.9
Average
6.23%
Poor
9.14%
Poor
0.3
Excellent
20.93%
Excellent
14.31%
Good
0.33%
Siemens Ltd...
SIEMENS500550
68.4/100
3760
₹127184.63
45.3
Average
19.22%
Good
21.44%
Excellent
0.0
Excellent
29.56%
Excellent
20.09%
Excellent
0.00%
51.3/100
3231
₹124569.80
92.4
Average
50.47%
Excellent
67.75%
Excellent
0.0
Excellent
0.11%
72/100
4323
₹120249.98
94.0
Average
57.32%
Excellent
76.43%
Excellent
0.0
Excellent
85.76%
Excellent
12.45%
Good
0.21%
64.4/100
48
₹71461.81
22.6
Average
40.64%
Excellent
35.07%
Excellent
0.1
Excellent
45.66%
Excellent
37.98%
Excellent
0.00%
Thermax Ltd...
THERMAX500411
50/100
4306
₹54121.84
97.8
Average
10.55%
Average
13.94%
Average
0.4
Excellent
17.66%
Excellent
17.59%
Excellent
0.31%
50.5/100
1355
₹32525.99
145.9
Average
35.61%
Excellent
29.63%
Excellent
0.7
Good
80.08%
Excellent
17.38%
Excellent
0.00%

Surana Solar Ltd PE Ratio History

Historical price-to-earnings ratio for SURANASOL — last 5 years

YearEPS (₹)Price (₹)P/E Ratio
FY 20250.01₹26.632663x
FY 20230.46₹33.3072.4x
FY 20220.17₹22.40131.8x

P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.

Surana Solar Ltd Dividend History

Annual cash dividends paid by SURANASOL — dividend yield N/A

Financial YearDividends Paid (₹ Cr)
FY 20230.06 Cr
FY 20220.06 Cr
FY 20210.06 Cr

Cash dividends from annual cash flow statements. Past dividends do not guarantee future payments. Not investment advice.

Surana Solar Ltd Quarterly Performance

Latest quarterly metrics for SURANASOL — revenue growth and profit growth vs same quarter last year

Revenue Growth (YoY)

440.08%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

128.17%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

-5.70%

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

42.64%

Compounded annual net profit growth over 5 years

Surana Solar Ltd Technical Indicators

SMA 50, SMA 200, RSI and volume signals for SURANASOL — calculated from daily price history

52RSI 14
Neutral — RSI 52

Momentum is balanced — neither overbought nor oversold.

SMA 50
27
▼ Price below SMA 50 — Short-term bearish
SMA 200
27
▼ Price below SMA 200 — Long-term downtrend
30-Day Avg Volume
87K shares/day
Average daily traded volume over last 30 trading sessions

Technical indicators are for educational purposes only. Not investment advice.

Surana Solar Ltd Financial Statements

Annual income statement, balance sheet and cash flow for Surana Solar Ltd (SURANASOL) — sourced from NSE/BSE filings.

Loading Financial Statements...

Fetching financial data for Surana Solar Ltd

About SURANASOL (Surana Solar Ltd)

Surana Solar Ltd is a prominent player in the heavy electrical equipment sector, specifically specializing in renewable energy solutions. As a manufacturer, they are dedicated to t...he production of high-quality solar panels and photovoltaic modules, marketed under their own brand name. Surana Solar's commitment to innovation and sustainability positions them as a key contributor to the growing demand for clean energy alternatives both within India and in global markets. Their focus on advanced technology and reliable products makes them a trusted partner for diverse energy needs, from residential to large-scale commercial applications. The company is constantly striving to optimize its manufacturing processes and expand its product portfolio to meet the evolving demands of the solar energy landscape. The company's operational framework is strategically divided into two distinct segments: Renewable Energy and Trading & Others. This division allows Surana Solar to effectively manage its core business of generating power through wind and solar resources, while also engaging in complementary activities. The "Trading & Others" segment encompasses the trade of various solar-related components, along with infrastructure leasing. This diversification ensures a steady revenue stream and allows the company to capitalize on opportunities within the broader energy ecosystem. Beyond power generation and trading, Surana Solar is committed to providing comprehensive services for the sustainable energy market. Surana Solar's expertise extends to providing end-to-end solutions for power projects, including engineering, procurement, and construction (EPC) services on a turnkey basis. This comprehensive approach allows clients to seamlessly implement solar energy solutions with the support of Surana Solar's expert team. Further solidifying its presence in the renewable energy sector, the company also offers a range of solar lighting products. With their dedication to providing reliable and sustainable energy, Surana Solar plays a vital role in advancing the widespread adoption of solar energy and fostering a greener future.

Company Details

Symbol:SURANASOL
Industry:Heavy Electrical Equipment
Sector:Heavy Electrical Equipment

Key Leadership

Mr. Baunakar Shekarnath
Whole-Time Director
Mr. Anicode Ganeshan Srinath
Chief Financial Officer
Mr. Manish Surana
Director of Technical & Non-Executive Director

Corporate Events

Recent
Ex-Dividend Date

SURANASOL Share Price: Frequently Asked Questions

What is the current share price of Surana Solar Ltd?

Surana Solar Ltd (SURANASOL) trades at ₹26.57 on NSE and BSE. Market cap ₹124.74 (Cr). Educational data only.

What is the P/E ratio of Surana Solar Ltd?

Surana Solar Ltd has a P/E of 100.60x vs industry average 38.29x.

What is the Bull Run score for Surana Solar Ltd?

Surana Solar Ltd has a Bull Run score of 47.9/100 based on 25+ financial parameters.

Does Surana Solar Ltd pay dividends?

Surana Solar Ltd has a dividend yield of 0.00%. Past dividends don't guarantee future payments.

What is the ROE of Surana Solar Ltd?

Surana Solar Ltd has ROE of 2.18%. Higher ROE indicates better use of shareholder equity.

What is the debt-to-equity ratio of Surana Solar Ltd?

Surana Solar Ltd has debt-to-equity of 0.00.

Is Surana Solar Ltd a good investment?

Bull Run gives Surana Solar Ltd a score of 47.9/100. This is not investment advice — consult a SEBI-registered advisor.