SURANASOLIndustrials

Surana Solar Limited

Heavy Electrical Equipment · ISIN INE272L01022 · BSE 533298 · NSE EQ · FV ₹5
Last price
₹25
+0.08%today
What this company does

Surana Solar Limited operates in Heavy Electrical Equipment, part of the Industrials sector. It booked ₹2 cr of revenue in its latest quarter (Q1 FY26) and kept 5.9% of sales as profit.

Their stated mission

to deliver high-quality, reliable renewable energy solutions through the manufacturing of advanced solar panels and the generation of clean power.

In the report:
52out of 100
Equitytale Health Score
Mixed

Healthier than 52% of companies in Industrials, on the 4 of 6 measures we could read for it. Each measure is ranked against the 246–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
40

At close. Not part of the score.

Profitability & returns54

How much profit it earns on the money it employs

Balance sheet62

How much it owes, and whether earnings cover the interest

Valuation2

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: cash quality, growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 46%
No promoter shares pledged
Watch-outs
! Thin 5.9% net margin

What if I invest in SURANASOL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 1% a year, it would become
₹12.62 lakh

The slider starts at 1%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹25 +0.08%
latest close · 2026-09-17
1-year return
+105.2%
52-wk low ₹1252-wk high ₹43
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio208.6High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Net margin5.9%Decent
ThinDecentStrong
EBITDA margin26.9%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Interest cover6.4×Strong
RiskyOkayStrong ▸5×
More figures
Market cap
₹123 cr
Book value
EPS
₹0.03
latest quarter
Net debt
Enterprise value
EBITDA
₹2 cr
annualised
EBIT
₹99 L
annualised
Operating margin
11.9%
Return on assets
Earnings yield
0.48%
P/S
14.76
Sales / share
₹1.7
Tax rate
40.8%
Face value
₹5
Shares
4.9 cr
Working capital
Current assets
Current liabilities
Delivery %
76.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹6₹6, midpoint ₹6

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY26 (consolidated)
Revenue from Operations₹2 cr
Other Income₹2 cr
Total Income₹4 cr
Cost of Materials₹3 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹1.5 L
Employee Benefit Expense₹24.5 L
Finance Costs₹3.9 L
Depreciation & Amortisation₹31.3 L
Other Expenses₹98.6 L
Total Expenses₹4 cr
Profit before Tax₹20.9 L
Tax Expense₹8.5 L
Net Profit₹12.4 L
Net margin on total income2.8%
Where the money goes · Q1 FY26
% of total income
Materials + stock-in-trade₹3 cr59.8%
Employee benefit expense₹24.5 L5.5%
Finance costs₹3.9 L0.9%
Depreciation & amortisation₹31.3 L7.0%
Other expenses₹98.6 L22.1%
Tax expense₹8.5 L1.9%
Profit for the period₹12.4 L2.8%
Total income ₹4 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY25Q1 FY26
Revenue11 cr2 cr
Total income11 cr4 cr
Expenses11 cr4 cr
Profit before tax21.7 L20.9 L
Tax5.5 L8.5 L
Net profit (owners' share)16.2 L12.4 L
Net margin (owners' share, on revenue)1.5%5.9%
EPS (₹)0.030.03
Peer comparison
Heavy Electrical Equipment · by market value
CompanyPriceMarket capP/E
Siemens Limited₹3,764₹8.37 L cr97.6
ABB India Limited₹7,131₹1.51 L cr102.1
Bharat Heavy Electricals Limited₹429₹1.49 L cr99.4
Hitachi Energy India Limited₹31,230₹1.39 L cr118.3
CG Power and Industrial Solutions Limited₹880₹1.39 L cr110.6
GE Vernova T&D India Limited₹4,341₹1.11 L cr76.5
Siemens Energy India Limited₹3,109₹1.11 L cr62.8
Suzlon Energy Limited₹43₹58,505 cr48.3
Thermax Limited₹3,570₹40,210 cr398.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹0.5
ex 23 Sep 2015
ActionDetailEx-date
Dividend₹0.5 / share23 Sep 2015
Stock splitStock Split From Rs.10/- to Rs.5/-25 Nov 2014
Dividend₹1 / share16 Sep 2014
Dividend₹1 / share19 Sep 2013
Dividend₹0.5 / share24 Sep 2012
Who owns it · 2026-06-30
No pledge
Promoter
45.8%
FII / Foreign
0.1%
DII / Domestic
0.0%
Retail / others
54.1%
Promoter stake down 18.8% over the last 12 quarters.
Smart-money activity
Insider trades
SoldSURANA INFOCOM PRIVATE LIMITED · Promoter Group1.18 L · ₹17.5 L20 Jul 21
SoldSURANA INFOCOM PRIVATE LIMITED · Promoter Group18,500 · ₹2.3 L30 Jun 21
BoughtSurana Telecom and Power Ltd · Promoter Group32,096 · ₹2.9 L30 Mar 21
Bulk / block deals
BoughtBAFNA MILIND BHAGCHAND · NSE3.00 L @ ₹42.656 Sep 24
BoughtMULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED · NSE3.00 L @ ₹41.2222 Jul 24
SoldMULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED · NSE1.52 L @ ₹41.2822 Jul 24
Stake changes
SoldNarender Surana alongwith PAc · promoter→ 44.39% · 11.45 L9 Aug 24
SoldNarender Surana alongwith PAC · promoter→ 46.71% · 9.90 L24 Jun 24
SoldNarender Surana alongwith PAC · promoter→ 48.73% · 10.22 L29 Apr 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 30 Sep 2025
See the official result
1
To receive, consider and adopt: a) the Audited Financial Statements of the Company for the financial year ended 31st March, 2025, together with the Report of the Board of Directors and the Auditors thereon; and b) the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2025, together with the Report of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
1.68 L votes for, 640 against · 0% of mutual funds and other big investors said no
2
To appoint a Director in place of Shri. Mangilal Narender Surana, who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
1.68 L votes for, 648 against · 0% of mutual funds and other big investors said no
3
Re-appointment of Smt. Sanjana Jain, DIN-08532420 as Independent Director of the Company
Backed by 100% of shareholders other than promotersneeded 75%
1.68 L votes for, 645 against · 0% of mutual funds and other big investors said no
4
Re-appointment of Shri. N. Krupakar Reddy, DIN- 00006580 as Independent Director of the Company.
Backed by 100% of shareholders other than promotersneeded 75%
1.68 L votes for, 648 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 14 named members
owning 45.8% between them · as of 2026-06-30
SURANA TELECOM AND POWER LIMITED36.44%
ADVAIT SURANA1.85%
NAMRATA SURANA1.45%
SUNITA SURANA1.05%
MANGILAL NARENDER SURANA0.97%
RAHUL SURANA0.93%
MANISH SURANA0.86%
MITALI SURANA SARAOGI0.75%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.