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Bright Solar
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Bright Solar Limited was originally incorporated as a private limited company with the name 'Bright Solar Private Limited' at Ahmedabad on April 23, 2010. Consequently upon the conversion of the Company into public limited company, the name of the Company was changed to 'Bright Solar Limited' on January 29, 2018.
Founded by Mr. Piyushkumar Thumar in 2010; Bright Solar is an Indias Leading Retail Solar Water Pump Company and the company already Installed over 3000 solar water pumping system in all over India till date.
Since its inception, the company has executed 19 projects for supply, installation and commissioning of solar water pumping systems with an aggregate capacity of 14330.30 KWp. The Company has also supplied and installed solar water pumping systems with an aggregate capacity of 4930.84 KWp through its retail sales channel. Aggregate capacity of solar water pumping systems installed by the company since its inception is more than 18000 KWp.
The Company is a MNRE registered Channel Partner to get direct subsidy for Solar Water Pump System in all over India. The Company is a System Integrator of Solar PV Water Pumping System. The Company has all ISO/CE/BEE/IEC certifications and Valid Test Report as per MNRE specifications.
The Company has well established relationship with leading solar energy players like Waaree, Solex, Kosol, Shivam, El-sol, Vcproject etc. During 2013-14, as a sub-contractor, the company executed a project for design, marketing, supply, installation & commissioning of solar water pumping systems with an aggregate capacity of 2832 KW for Waaree, which was the principal contractor. The Company is also assigned NSIC-D&B-SMERA Rating of SE 2B which indicates High performance capability and moderate financial strength.
The Company's products are ISO 9001:2015 and ISO 14001:2015 certified. Further, Solar water pumps, DC solar pump controllers and solar pump inverters are STQC certified by Electronics and Quality Development Centre (EQDC), Ghandhinagar. The solar water pumping systems are also approved by Ministry of New and Renewable Energy (MNRE), Government of India.
Bright Solar share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Bright Solar indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Bright Solar is valued compared to its competitors.
Bright Solar PE ratio helps investors understand what is the market value of each stock compared to Bright Solar 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Bright Solar evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Bright Solar generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Bright Solar in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Bright Solar shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Bright Solar compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Bright Solar over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Bright Solar helps investors get an insight into when they can enter or exit the stock. Key components of Bright Solar Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Bright Solar shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Bright Solar ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Bright Solar provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Bright Solar highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Bright Solar .
The balance sheet presents a snapshot of Bright Solar ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.