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Surana Solar
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Surana Ventures Ltd is part of the Surana Group Hyderabad, India. The company manufactures Solar Energy Systems with the focus on Solar Photovoltaic PV Modules. They provide high quality Solar PV Modules with the best price performance ration in the Indian market. The company has manufacturing units at Fabcity, SEZ, Hyderabad and Cherlapally, Hyderabad. The company's products are sold under the brand 'Surana Ventures' in the domestic market.
Surana Ventures Ltd was incorporated on November 8, 2006. In the year 2008, the company entered into the business of manufacture of solar energy systems with focus on solar PV Modules. In the same year, the company became joint venture company of Surana Telecom and Power Ltd and Bhagyanagar India Ltd with 49% shareholding each and the remaining 2% was held by promoter group.
During the year 2009-10, the company entered into scheme of arrangement with Surana Telecom and Power Ltd according to which the Solar Business of Surana Telecom and Power Ltd was merged into the company. The company's shares were listed on Bombay Stock Exchange Ltd and National Stock Exchange of India Ltd with effect from January 7, 2011.
The company has undertaken the backward integration by way of installing 35 MW PV Cell line from Germany at a cost of Rs 90 crore. Also, the company has undertaken the installation of fully automated Solar Module Plant at a cost of Rs 10 crore. The company has already placed orders for 35 MW Cell line and the work relating to provision of auxiliary facilities including construction of buildings is in progress.
Surana 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 Surana 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 Surana Solar is valued compared to its competitors.
Surana Solar PE ratio helps investors understand what is the market value of each stock compared to Surana 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 Surana 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 Surana 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 Surana 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 Surana 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 Surana 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 Surana 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 Surana Solar helps investors get an insight into when they can enter or exit the stock. Key components of Surana 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 Surana 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 Surana 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 Surana 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 Surana 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 Surana Solar .
The balance sheet presents a snapshot of Surana 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.
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