Bright Solar Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: BRIGHT | Compressors / Pumps | Small Cap

BSE Share Price
Not Listed

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Bright Solar stock performance -

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P/E Ratio (SA):
0.00
Market Cap:
20.9 Cr.
52-wk low:
0
52-wk high:
0

Is Bright Solar Ltd an attractive stock to invest in?

1. Is Bright Solar Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Bright Solar Ltd is a average quality company.

2. Is Bright Solar Ltd undervalued or overvalued?

The key valuation ratios of Bright Solar Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Bright Solar Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bright Solar Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Bright Solar:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Bright Solar Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 19.4%53.8%14.8%24.8%65.1%15%3.1%1.5%-20.2%0.3%-
Value Creation
Index
0.42.80.10.83.70.1-0.8-0.9-2.4-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 28.247.8151839.657.423.424.57.223.610
Sales YoY Gr.-69.6%-68.6%20%119.5%45.1%-59.2%4.5%-70.6%228%-
Adj EPS 21.71.90.51.14.11.20.30.1-3.70-2.4
YoY Gr.--91.4%-74.7%142.6%262.3%-72.2%-78.3%-72%-5314.3%NA-
BVPS (₹) 48.63.95.86.810.718.118.318.51515.114.2
Adj Net
Profit
0.520.71.76.22.30.50.1-7.40.1-6
Cash Flow from Ops. 5.3-4.731.25.9-11.62.10.11-7.6-
Debt/CF from Ops. 0.1-1.31.12.20.2-00.33.63.5-0.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -2%-9.8%0.3%228%
Adj EPS -54%-65.6%-56.9%NA
BVPS-12.2%7.1%-6.2%0.9%
Share Price - -12.5% 18.6% 32.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
62.873.91118.246.68.61.30.4-21.60.2-16.4
Op. Profit
Mgn %
278.616.924.36.64.81.8-104.4-1NAN
Net Profit
Mgn %
1.94.14.79.515.74.12.20.6-103.50.2-62.9
Debt to
Equity
0.61.50.40.30.10000.10.1-
Working Cap
Days
1661706824872632347006401,8935600
Cash Conv.
Cycle
415093329311912225921130

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years 0.26%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Bright Solar Ltd.

Standalone Consolidated
TTM EPS (₹) -2.4 -
TTM Sales (₹ Cr.) 9.5 -
BVPS (₹.) 14.2 -
Reserves (₹ Cr.) 10 -
P/BV 0.59 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 20.9
Equity (₹ Cr.) 25
Face Value (₹) 10
Industry PE 50.2

Management X-Ray of Bright Solar:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Bright Solar

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales28.1847.7915.0318.0339.5857.4123.4024.467.1923.58
Operating Expenses 27.6244.4513.7514.9929.9653.6122.2924.0114.6923.81
Manufacturing Costs0.310.130.140.080.010.250.110.340.080.02
Material Costs25.5343.2412.6514.2029.2350.0917.9121.0312.9222.49
Employee Cost 0.520.340.190.040.220.891.791.270.590.33
Other Costs 1.260.750.770.670.502.392.481.381.110.97
Operating Profit 0.563.341.293.049.623.801.120.45-7.50-0.24
Operating Profit Margin (%) 2.0%7.0%8.6%16.9%24.3%6.6%4.8%1.8%-104.0%-1.0%
Other Income 0.290.050.440.100.290.430.170.260.300.45
Interest 0.030.310.600.530.330.080.090.300.060.04
Depreciation 0.080.110.080.060.040.130.130.120.110.11
Exceptional Items 00000.0100000
Profit Before Tax 0.742.981.052.569.554.021.070.29-7.380.06
Tax 0.201.010.340.853.351.680.550.1100.01
Profit After Tax 0.541.970.711.716.202.340.520.18-7.370.05
PAT Margin (%) 1.9%4.1%4.7%9.5%15.7%4.1%2.2%0.7%-102.0%0.2%
Adjusted EPS (₹)2.21.90.51.14.11.20.30.1-3.60.0
Dividend Payout Ratio (%)0%7%21%9%2%9%40%12%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 1.224.128.6610.1916.3937.9338.2038.1730.7730.83
Share Capital 0.251.061.501.501520.4020.4020.4020.4020.40
Reserves 0.973.067.168.691.3917.5317.8017.7710.3710.43
Minority Interest0000000000
Debt0.726.163.342.671.410.390.480.363.551.74
Long Term Debt0.724.700.830.671.410.390.480.360.560.45
Short Term Debt01.462.51200002.991.29
Trade Payables1.9725.794.6411.509.369.959.404.282.789.58
Others Liabilities 4.282.845.478.242.592.415.257.503.755.14
Total Liabilities 8.1938.9122.1032.6129.7550.6753.3250.3140.8447.29

Fixed Assets

Gross Block0.470.450.470.470.530.964.874.885.054.98
Accumulated Depreciation0.080.180.260.320.140.270.400.520.630.68
Net Fixed Assets0.390.270.200.150.390.694.464.354.424.30
CWIP 0000000000
Investments 0.260.130.850000.230.280.940.72
Inventories0.561.040.8303.325.019.989.422.194.93
Trade Receivables5.8035.754.8614.8413.0910.7218.079.076.3312.58
Cash Equivalents 0.800.822.552.821.682.744.032.982.912.27
Others Assets0.380.9112.7914.8011.2731.5216.5524.2124.0522.48
Total Assets 8.1938.9122.1032.6129.7550.6753.3250.3140.8447.29

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 5.30-4.663.011.245.93-11.592.060.141.02-7.63
PBT 0.742.981.052.569.554.021.070.29-7.380.06
Adjustment 0.080.330.560.480.270.070.350.290.270.27
Changes in Working Capital 4.55-7.761.76-1.49-1.51-13.531.860.278.35-7.83
Tax Paid -0.07-0.21-0.36-0.30-2.39-2.15-1.22-0.70-0.22-0.13
Cash Flow From Investing Activity -0.420.05-0.630-7.55-6.76-0.45-0.86-1.237.53
Capex -0.330.02-0.020-0.27-0.43-3.91-0.01-0.170.01
Net Investments -0.11-0.02-0.730-6.29-4.623.32-0.16-0.587.93
Others 0.010.050.110-0.99-1.700.13-0.70-0.47-0.41
Cash Flow From Financing Activity -4.644.62-0.64-0.760.2218.09-0.19-0.420.11-0.15
Net Proceeds from Shares 0.151.0540019.440000
Net Proceeds from Borrowing -4.773.98-3.870000000
Interest Paid -0.02-0.28-0.60-0.43-0.33-0.08-0.04-0.10-0.06-0.04
Dividend Paid 0-0.13-0.17-0.18-0.18-0.25-0.25-0.20-0.020
Others 000-0.150.74-1.020.10-0.120.19-0.11
Net Cash Flow 0.240.011.740.48-1.40-0.251.42-1.15-0.10-0.24
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)62.9273.811.0418.1547.168.841.390.47-21.620.18
ROCE (%)19.3553.814.7624.8265.0614.963.061.54-20.210.32
Asset Turnover Ratio2.012.030.490.661.271.430.450.470.160.54
PAT to CFO Conversion(x)9.81-2.374.240.730.96-4.953.960.78N/A-152.6
Working Capital Days
Receivable Days12415949319912976224202391146
Inventory Days246230312611714429555
Payable Days10511743920813070197119100100

Bright Solar Ltd Stock News

Bright Solar Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bright Solar on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of Bright Solar stood at ₹20.87.
The latest P/E ratio of Bright Solar as of 01-Jan-1970 05:30 is 0.00.
The latest P/B ratio of Bright Solar as of 01-Jan-1970 05:30 is 0.59.
The 52-week high of Bright Solar is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bright Solar is ₹9.54 ( Cr.) .

About Bright Solar Ltd

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