BSE: 0 | NSE: APS | Electronics - Components | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Australian Premium Solar (India) Ltd is a average quality company.
The key valuation ratios of Australian Premium Solar (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Australian Premium Solar (India) Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 22.7% | 30.5% | 32.1% | 22.9% | - |
| Value Creation Index ⓘ | 0.6 | 1.2 | 1.3 | 0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 74.2 | 98.1 | 94.6 | 150 | 150 |
| Sales YoY Gr. | - | 32.3% | -3.6% | 58.3% | - |
| Adj EPS ⓘ | 1.2 | 1.8 | 2.2 | 3.1 | 3.1 |
| YoY Gr. | - | 55.2% | 22.2% | 40% | - |
| BVPS (₹) ⓘ | 5.8 | 7.7 | 10.1 | 24.4 | 24.4 |
| Adj Net Profit ⓘ | 1.7 | 2.6 | 3.2 | 6.1 | 6 |
| Cash Flow from Ops. ⓘ | 5.1 | 2.7 | 2 | -5.3 | - |
| Debt/CF from Ops. ⓘ | 0.7 | 1.1 | 1.1 | -1.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 26.4% | 58.3% | ||||
| Adj EPS ⓘ | NA | NA | 38.5% | 40% | ||||
| BVPSⓘ | NA | NA | 61.1% | 142.2% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 20 | 26.6 | 24.9 | 19.4 | 12.8 |
| Op. Profit Mgn % ⓘ | 4.8 | 5.3 | 6.2 | 6.2 | NAN |
| Net Profit Mgn % ⓘ | 2.3 | 2.7 | 3.4 | 4.1 | 4.1 |
| Debt to Equity ⓘ | 0.4 | 0.3 | 0.2 | 0.2 | - |
| Working Cap Days ⓘ | 0 | 88 | 95 | 81 | 0 |
| Cash Conv. Cycle ⓘ | 0 | -28 | -25 | -4 | 0 |
Sales growth is growing at healthy rate in last 3 years 26.37%
Net Profit is growing at healthy rate in last 3 years 38.47%
Return on Equity has declined versus last 3 years average to 12.80%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.1 | - |
| TTM Sales (₹ Cr.) | 150 | - |
| BVPS (₹.) ⓘ | 24.4 | - |
| Reserves (₹ Cr.) ⓘ | 28 | - |
| P/BV ⓘ | 21.42 | - |
| PE ⓘ | 167.38 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 1,030 |
| Equity (₹ Cr.) | 19.7 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 217.4 |
| Pledged * | 0.00 | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 74 | 98 | 95 | 150 |
| Operating Expenses ⓘ | 71 | 93 | 89 | 140 |
| Manufacturing Costs | 5 | 4 | 2 | 3 |
| Material Costs | 59 | 79 | 78 | 125 |
| Employee Cost | 3 | 4 | 4 | 5 |
| Other Costs ⓘ | 4 | 6 | 5 | 7 |
| Operating Profit ⓘ | 4 | 5 | 6 | 9 |
| Operating Profit Margin (%) | 4.8% | 5.3% | 6.2% | 6.2% |
| Other Income ⓘ | 0 | 0 | 0 | 1 |
| Interest ⓘ | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 1 | 1 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 2 | 4 | 5 | 8 |
| Tax ⓘ | 1 | 1 | 1 | 2 |
| Profit After Tax | 2 | 3 | 3 | 6 |
| PAT Margin (%) | 2.4% | 2.8% | 3.5% | 4.1% |
| Adjusted EPS (₹) | 1.2 | 1.9 | 2.3 | 3.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 8 | 11 | 15 | 48 | ||||||
| Share Capital ⓘ | 0 | 0 | 0 | 20 | ||||||
| Reserves ⓘ | 8 | 11 | 15 | 28 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 3 | 2 | 2 | 10 | ||||||
| Long Term Debt | 3 | 2 | 2 | 9 | ||||||
| Short Term Debt | 0 | 0 | 0 | 0 | ||||||
| Trade Payables | 19 | 14 | 19 | 16 | ||||||
| Others Liabilities ⓘ | 5 | 7 | 4 | 6 | ||||||
| Total Liabilities ⓘ | 35 | 35 | 39 | 80 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 11 | 11 | 13 | 26 | ||||||
| Accumulated Depreciation | 3 | 4 | 6 | 7 | ||||||
| Net Fixed Assetsⓘ | 8 | 7 | 7 | 19 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 1 | 1 | 0 | 0 | ||||||
| Inventories | 8 | 6 | 5 | 4 | ||||||
| Trade Receivables | 3 | 3 | 10 | 16 | ||||||
Cash Equivalents  ⓘ
| 2 | 4 | 5 | 21 | ||||||
| Others Assetsⓘ | 13 | 14 | 13 | 20 | ||||||
| Total Assets ⓘ | 35 | 35 | 39 | 80 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 5 | 3 | 2 | -5 |
| PBT ⓘ | 2 | 4 | 5 | 8 |
| Adjustment ⓘ | 1 | 2 | 2 | 1 |
| Changes in Working Capital ⓘ | 2 | -2 | -3 | -14 |
| Tax Paid ⓘ | 0 | 0 | -1 | -1 |
| Cash Flow From Investing Activity ⓘ | -6 | -1 | -1 | -13 |
| Capex | -4 | 0 | -2 | -14 |
| Net Investments | -1 | -1 | 0 | 0 |
| Others ⓘ | -1 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 2 | -1 | -1 | 35 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 27 |
| Net Proceeds from Borrowing ⓘ | 0 | -1 | -1 | 7 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 2 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 1 | 2 | 0 | 16 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 21.26 | 27.6 | 25.66 | 19.63 | ||||||
| ROCE (%) | 22.68 | 30.54 | 32.1 | 22.88 | ||||||
| Asset Turnover Ratio | 2.12 | 2.82 | 2.62 | 2.57 | ||||||
| PAT to CFO Conversion(x) | 2.5 | 1 | 0.67 | -0.83 | Working Capital Days | |||||
| Receivable Days | 14 | 10 | 24 | 31 | ||||||
| Inventory Days | 41 | 27 | 21 | 11 | ||||||
| Payable Days | 118 | 77 | 78 | 51 | ||||||
Australian Premium Solar (India) was originally incorporated as ‘Australian Solar Panel (India) Private Limited’ as a private limited company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated May 23, 2013 issued by Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Subsequently, the name of the company was changed from ‘Australian Solar Panel (India) Private Limited’ to ‘Australian Premium Solar (India) Private Limited’, pursuant to a special resolution passed by its Shareholders in the Extra-Ordinary General Meeting held on November 27, 2013, vide Certificate of Incorporation dated November 28, 2013, issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Further, the company was converted from a private limited company to public limited company pursuant to special resolution passed in the Extra-Ordinary General Meeting of the company dated July 24, 2023 and consequently, the name of the company was changed from ‘Australian Solar Panel (India) Private Limited’ to ‘Australian Premium Solar (India) Limited’ and a fresh certificate of incorporation dated August 03, 2023 was issued to the company by the Registrar of Companies, Ahmedabad.
The company is one of the recognised brands in the solar industry, which is in the business of manufacturing of Monocrystalline and Polycrystalline Solar Panels and Engineering, procurement, and construction (EPC) services thereof. The company has modern manufacturing facility at Tajpur, Sabarkantha, Gujarat that helps in delivering quality and latest technology products in the industry. The products manufactured by the company are used in residential, agricultural and commercial installations. It is certified with ISO 9001: 2015 by M/s. OSS Certification Services Private Limited for Quality Management System demonstrating it is an organization which delivers quality products and services to its end users, having direct relationship with reputation, customer satisfaction and long-term success.
The company is primarily engaged in the manufacturing of Solar Panels and EPC Services of solar systems. The industry term for solar panel is PV Module (Photovoltaic Module) which refers to setup for generating electricity from sunlight, using semiconductor materials in devices called photovoltaic cells or solar cells. Currently in the solar panel segment, the company manufactures both monocrystalline and polycrystalline solar panels at its manufacturing facility located at Sabarkantha, Gujarat.
Business area of the company
The company is primarily engaged in the manufacturing of Solar Panels and installation of solar panels and solar modules. The industry term for solar panel is PV Module (Photovoltaic Module) which refers to setup for generating electricity from sunlight, using semiconductor materials in devices called photovoltaic cells or solar cells.
Products of the company
History and milestones
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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