Solar Stocks In India: the best thing about investing in solar stocks in India is that they are future technology and government is also providing different kinds of subsidies to help solar companies, making Solar Stocks In India perfect for long term investment
5 Best Solar Stocks In India
5 Best Solar Stocks In India
5 Best Solar Stocks In India are as follows:
Waa Solar Ltd
Solar Stocks In India: WAA Solar is a company in the other electric equipment/products sector. The total valuation (market value) of the company is ₹0. The price of one share of the company is ₹ 41.50 in the BSE market and is not listed on the NSE market. WAA Solar was established in the year 2009.
As per the report provided by the company, the total income for the last year was Rs 36.238 crore and the total sales were Rs 24.996 crore. The company’s net profit stood at Rs 10.291 crore. WAA Solar has paid tax of Rs -2.18 crore in the current year.
PROS
- Company has reduced debt.
CONS
- Company has low interest coverage ratio.
- Promoters have pledged 64.66% of their holding.
Websol Energy System
Solar Stocks In India: Websol Energy Systems Limited (Websol Energy System) is another Other Electric Equipment / Products company. The total valuation (market value) of the company is ₹360 crore. The price of one share of the company is ₹97.05 in the BSE market and ₹98.20 in the NSE market. Websol Energy System was established in the year 1990.
As per the report provided by the company, the total income for the last year was Rs. 85.845 crores and the total sales were Rs. 68.558 crores. The company’s net profit stood at Rs-28.946 crore. Webel-SL-Energy Systems Limited has paid tax of Rs.-0.594 crore in the current year.
PROS
- Company has reduced debt.
- Company is expected to give good quarter
- Company has delivered good profit growth of 30.16% CAGR over last 5 years
CONS
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -11.30% over past five years.
- Promoter holding is low: 25.37%
- Company has a low return on equity of -1.34% for last 3 years.
- Company’s cost of borrowing seems high
Synergy Green Industries Ltd
Solar Stocks In India: Synergy Green Industries (Synergy Green Inds.) is a company in the other industrial products sector. The total valuation (market value) of the company is ₹0. The price of one share of the company is ₹ 175.40 in the BSE market and ₹ 178.55 in the NSE market. Synergy Green Industries was established in the year 2010.
As per the report provided by the company, the total income for the last year stood at Rs.208.533 crores and the total sales were Rs.207.875 crores. The company’s net profit stood at Rs 3.328 crore. Synergy Green Industries has paid tax of -1.471 crores in the current year.
PROS
—
CONS
- Stock is trading at 7.41 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 10.78% for last 3 years.
- Company’s cost of borrowing seems high
Ujaas Energy Limited
Solar Stocks In India: Ujas Energy Limited is a company in the heavy electrical equipment sector. The total valuation (market value) of the company is ₹85 crore. The price of one share of the company is ₹4.10 in the BSE market and ₹4.10 in the NSE market. Ujas Energy Limited was established in the year 1999.
As per the report provided by the company, the total income for the last year was Rs.161.748 crores and the total sales were Rs.156.002 crores. The company’s net profit stood at Rs 6.608 crore. Ujas Energy Limited has paid tax of -0.553 crore rupees in the current year.
PROS
- Stock is trading at 0.83 times its book value
- Company is expected to give good quarter
CONS
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -33.85% over past five years.
- Promoter holding is low: 0.01%
Surana Solar Limited
Solar Stocks In India: Surana Ventures Limited (Surana Solar) is a company in the electrical equipment sector. The total valuation (market value) of the company is ₹113 crore. The price of one share of the company is ₹22.25 in the BSE market and ₹22.40 in the NSE market. Surana Ventures Limited was established in the year 2006.
As per the report provided by the company, the total income for the last year stood at Rs 34.175 crore and total sales stood at Rs 33.169 crore. The company’s net profit stood at Rs 0.59 crore. Surana Ventures Limited has paid tax of -0.122 crores in the current year.
PROS
- Debtor days have improved from 79.00 to 52.18 days.
CONS
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -1.67%
- The company has delivered a poor sales growth of -21.65% over past five years.
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