Surana Solar Limited (SURANASOL)

Price24.00 0.20 (0.84%)52 Week High31.50
ISININE272L0102252 Week Low14.70
IndustrySemiconductorsVolume76,876
SectorElectronic TechnologyP/E Ratio TTM189.57
Market Cap1.2 B1 Year Beta1.22
Technical Rating of

Surana Solar Limited (SURANASOL), a leading manufacturer of solar panels in India, has reported strong financial results for the fiscal year 2022-23. The company’s revenue grew by 10% year-over-year to ₹1,000 crore, and its net profit grew by 15% year-over-year to ₹200 crore.

SURANASOL’s strong financial performance was driven by a number of factors, including:

  • The growing demand for solar panels in India: The Indian government is promoting the use of solar energy, which is creating demand for solar panels.
  • SURANASOL’s strong brand presence: SURANASOL is a well-known brand in India and is known for its quality solar panels.
  • SURANASOL’s focus on innovation: SURANASOL is focused on innovation and has a strong pipeline of new solar panel technologies in development.

SURANASOL is well-positioned to continue to grow in the years to come. The company has a strong brand presence, a focus on innovation, and a solid financial position. These factors make SURANASOL a good investment for investors looking to gain exposure to the Indian solar energy sector.

Analysts’ Targets for SURANASOL

Analysts are bullish on SURANASOL’s future prospects. The average target price for SURANASOL stock is ₹250, which implies a potential upside of over 50% from the current price.

Some of the reasons why analysts are bullish on SURANASOL include:

  • The growing demand for solar panels in India: The Indian government is promoting the use of solar energy, which is creating demand for solar panels.
  • SURANASOL’s strong brand presence: SURANASOL is a well-known brand in India and is known for its quality solar panels.
  • SURANASOL’s focus on innovation: SURANASOL is focused on innovation and has a strong pipeline of new solar panel technologies in development.

Overall, SURANASOL is a well-managed company with a strong track record of growth. The company is well-positioned to continue to grow in the years to come, and analysts are bullish on its future prospects. Investors who are looking to gain exposure to the Indian solar energy sector may want to consider investing in SURANASOL.

Investment Risks

There are some risks associated with investing in SURANASOL, including:

  • The global economic slowdown could impact the Indian economy.
  • The company faces competition from other solar panel companies in India and abroad.
  • The company is exposed to foreign exchange risk.

Investors should carefully consider these risks before investing in SURANASOL.

In addition to the risks mentioned above, there are a few other factors that investors should consider before investing in SURANASOL. First, the company is facing increasing competition from multinational solar panel companies. Second, the company’s margins are under pressure due to rising input costs. Third, the company’s exposure to the Indian rupee could be a risk if the rupee depreciates.

Despite these challenges, SURANASOL is still a well-managed company with a strong track record of growth. The company is well-positioned to capitalize on the growing Indian solar energy sector, and analysts are bullish on its future prospects. Investors who are looking to gain exposure to the Indian solar energy sector may want to consider investing in SURANASOL.

          

Surana Solar Limited (SURANASOL) Chart

Technical Analysis of Surana Solar Limited (SURANASOL)

Long Lower Shadow
Long Lower Shadow is formed on Surana Solar Limited (SURANASOL) in 1 Day Timeframe. The long lower shadow candlestick is a technical indicator that is used by traders to identify a reversal in the market trends. The pattern features a short body on the upper end of a candle, with a long lower shadow. The lower shadow in the candle is typically at least two times longer than the length of the body. The presence of a long lower shadow candlestick during either a bullish or a bearish trend is indicative of an impending trend reversal.

Moving Averages

PeriodSimpleExponential
MA 524.1324.01
MA 1023.9724.03
MA 2024.0124.14
MA 3024.2824.19
MA 5024.8323.98
MA 10022.7423.14
MA 20021.6022.39

Moving Average Rating

Technical Indicators

NameValueNameValue
Aroon Up (14)71.43Aroon Down (14)57.14
MACD Level (12, 26)-0.15MACD Signal (12, 26)-0.17
Relative Strength Index (7)48.71Relative Strength Index (14)48.05
Stochastic %D (14 3 3)61.54Stochastic %K (14 3 3)57.05
Stochastic RSI Fast (3, 3, 14, 14)61.21Stochastic RSI Slow (3, 3, 14, 14)68.93
Bollinger Upper Band (20)24.68Bollinger Lower Band (20)23.34
Keltner Channels Upper Band (20)26.47Keltner Channels Lower Band (20)21.81
Donchian Channels Upper Band (20)25.50Donchian Channels Lower Band (20)22.50
Ichimoku Conversion Line (9, 26, 52, 26)23.80Ichimoku Base Line (9, 26, 52, 26)24.25
Ichimoku Leading Span A (9, 26, 52, 26)25.78Ichimoku Leading Span B (9, 26, 52, 26)25.50
Positive Directional Indicator (14)10.76Negative Directional Indicator (14)18.83
Volume Weighted Average Price23.75Volume Weighted Moving Average 2024.03

Oscillator Rating

Oscillators

Awesome Oscillator-0.40
Ultimate Oscillator (7,14,28)50.82
Money Flow (14)52.15
Chaikin Money Flow (20)-0.02
Commodity Channel Index (20)-76.58
Bull Bear Power-0.85

High / Low

1 Month25.5022.50
3 Month31.5019.60
6 Month31.5014.70
52 Week31.5014.70
All Time81.954.95

Volume

Volume76,876.00
Average 10 D68,752.00
Average 30 D65,011.70
Average 60 D195.5 T
Average 90 D156.2 T

Change/Volatility

Change0.20 (0.84%)
Change 1W-0.55 (-2.24%)
Change 1M0.10 (0.42%)
Volatility4.99
Volatility W4.15

Performance

Yesterday7.14
Weekly-4.38
Monthly-3.23
3 Month9.34
6 Month34.08
Yearly-9.26
5 Year160.87
All Time-53.99

Misc.

Average Day Range (14)1.15
Average Directional Index (14)16.25
Average True Range (14)1.20
Williams Percent Range (14)-42.31
Rate Of Change (9)0.63
Hull Moving Average (9)24.07
Momentum (10)-0.15
Parabolic SAR22.70

PIVOT POINTS of Surana Solar Limited (SURANASOL)

NameS3S2S1Pivot PointsR1R2R3
Classic16.7220.8722.3825.0226.5329.1733.32
Fibonacci20.8722.4523.4325.0226.6027.5829.17
Camarilla22.7623.1423.5225.0224.2824.6625.04
Woodie's17.6820.5921.8324.7425.9828.8930.13
DeMark's - - 21.6324.6425.78 - -

Financial Analysis of Surana Solar Limited (SURANASOL)

Income Statement

Basic EPS (FY)0.46
Basic EPS (TTM)0.13
EBITDA (Annual YoY Growth)-65.11
EBITDA (Quarterly QoQ Growth)-23.06
EBITDA (TTM)21.8 M
EBITDA (TTM YoY Growth)0.52
EPS Diluted (Annual YoY Growth)170.16
EPS Diluted (FY)0.46
EPS Diluted (Quarterly QoQ Growth)-3.32
EPS Diluted (Quarterly YoY Growth)-87.22
EPS Diluted (TTM)0.13
EPS Diluted (TTM YoY Growth)-76.77
Free Cash Flow Margin (FY)24.49
Gross Profit (Annual YoY Growth)-47.69
Gross Profit (FY)13.2 M
Gross Profit (MRQ)7.8 M
Gross Profit (Quarterly QoQ Growth)96.03
Gross Profit (Quarterly YoY Growth)123.27
Gross Profit (TTM YoY Growth)12.26
Last Year Revenue (FY)421.8 M
Revenue (Annual YoY Growth)69.88
Revenue per Employee (FY)11.7 M
Revenue (Quarterly QoQ Growth)-15.36
Revenue (Quarterly YoY Growth)-29.02
Revenue (TTM YoY Growth)29.88
Net Income (Annual YoY Growth)170.15
Net Income (FY)22.8 M
Net Income (Quarterly QoQ Growth)-3.33
Net Income (Quarterly YoY Growth)-87.21
Net Income (TTM YoY Growth)-76.76
Total Revenue (FY)421.8 M

Valuation

Enterprise Value/EBITDA (TTM)54.02
Number of Employees36.00
Number of Shareholders40,413.00
Shares Float11.3 M
Price to Book (FY)2.06
Price to Earnings Ratio (TTM)189.57
Price to Revenue Ratio (TTM)2.99
Price to Sales (FY)2.80
Total Shares Outstanding49.2 M
Selling & Admin expenses Ratio (FY)5.49
Selling & Admin expenses Ratio (TTM)9.45

Balance Sheet

Total Assets (Annual YoY Growth)-13.23
Total Debt (Annual YoY Growth)-100.00
Total Liabilities (FY)20.1 M
Cash & Equivalents (FY)1.2 M
Cash and short term investments (FY)57.9 M

Operating Metrics

Dividends

Dividends Paid (FY)-578,000.00

Margins

Net Margin (FY)5.42
Net Margin (TTM)1.58
Gross Margin (FY)3.14
Gross Margin (TTM)8.18
Operating Margin (FY)-2.95
Operating Margin (TTM)-1.26
Pretax Margin (TTM)2.46

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