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Surana Solar Limited (SURANASOL) Fair Value & Analysis

Technology · IN · Market cap ₹1.3B

SS Surana Solar Limited SURANASOL · NSE
Price₹26.92
Fair Value₹4.28
Upside-84.1%
Quality50/100
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Evidence: Medium Range ₹3.21 – ₹5.35

Fair value as of: Jul 3, 2026

From 9 valuation models · updated today

Share price −0.2% over the past month.

Price vs Fair Value (12 months)

₹36.71 ₹18.78 Fair Value ₹4.28 Jul 2025 Jul 2026

12‑month range ₹18.78 – ₹36.71 · fair‑value band ₹3.21 – ₹5.35 · the ₹26.92 price screens above the ₹4.28 fair value. As of Jul 3, 2026.

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Analysis

Surana Solar Limited (SURANASOL) currently trades at ₹26.92, while our model-based Fair Value estimate is ₹4.28 — implying the stock looks roughly 84.1% overvalued today. We read business quality at 50/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, Surana Solar Limited generated revenue of ₹208M at a net margin of 6.0%. It earns a return on equity of 2.2%. The balance sheet holds a net cash position of ₹18.9M. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹208M
Revenue growth (YoY) +440%
Net margin 6.0%
Return on equity 2.2%
Free cash flow −₹61.6M FY2026
P/E ratio 682.0
More key figures
Operating margin -3.5%
EPS (TTM) ₹0.0400
EPS growth (YoY) +6.0%
Net cash ₹18.9M FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Surana Solar Limited manufactures and sells solar panels and solar photovoltaic (PV) modules under the Surana Solar brand in India and internationally. It operates through Renewable Energy and Trading & Others segments. The company engages in generation of wind and solar power energy; trading of other solar related products; and infrastructure leasing activities. It also provides engineering, procurement, and construction services for power projects on turnkey basis; solar lighting products, including home lighting systems and solar street lighting products; and solar lanterns for use in street, industrial site, travelling, and house and garden application. In addition, the company operates manufacturing unit at cherlapally with installed capacity of 40 MW and the fabcity with installed capacity of 20 mw for manufacture of solar photovoltaic modules. The company was formerly known as Surana Ventures Limited. Surana Solar Limited was incorporated in 2006 and is based in Hyderabad, …

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Surana Solar Limited reported revenue of ₹208M in FY2026 versus ₹248M in FY2022, a compound −4.3%/yr. Reported net income was ₹12.4M in FY2026, compounding +10.0%/yr from FY2022.

Revenue −4.3%/yr
FY22 ₹248M
FY23 ₹422M
FY24 ₹177M
FY25 ₹388M
FY26 ₹208M
Net income +10.0%/yr
FY22 ₹8.5M
FY23 ₹22.8M
FY24 −₹12.6M
FY25 ₹585K
FY26 ₹12.4M

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Similar stocks

6 more Solar stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).

Stock Price Fair Value vs Fair Value
First Solar, Inc FSLR $263.11 $284.45 +8%
Nextpower Inc NXT $111.95 $79.08 -29%
Waaree Energies Limited WAAREEENER ₹3,053 ₹4,337 +42%
Tongwei Co 600438 ¥13.70 ¥29.90 +118%
Enphase Energy, Inc ENPH $52.41 $22.20 -58%
Jinko Solar Co 688223 ¥5.15 ¥7.41 +44%

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Frequently asked questions

Is Surana Solar Limited (SURANASOL) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹4.28 versus a price of ₹26.92 — about −84% (overvalued). Model-based estimate, not financial advice.
What is the fair value of SURANASOL?
Our model-based fair value for Surana Solar Limited is ₹4.28 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹26.92.
What is the quality score of SURANASOL?
Surana Solar Limited has a Quality Score of 50/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Surana Solar Limited (SURANASOL)?
Surana Solar Limited reported trailing-twelve-month revenue of about ₹208M (latest available figure, as of Jul 3, 2026).
What is the net profit margin of SURANASOL?
The net profit margin of Surana Solar Limited is about 6.0%, meaning it keeps roughly 6.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.