Australian Premium Solar Jumps 3% After Securing ₹33 Cr Solar Module Order
Stock Surges Amid Major Order Win
Australian Premium Solar: The shares of Australian Premium Solar (India) Limited, one of India’s leading solar panel manufacturers, surged nearly 3% during Monday’s trading session after the company announced securing a purchase order worth ₹33.2 crores for the supply of solar PV modules.
With this order, the company continues to strengthen its position in India’s renewable energy sector, capitalizing on the growing demand for high-quality solar panels.
Stock Price Movement
Australian Premium Solar’s stock jumped 3% on the NSE, reaching an intraday high of ₹506.5, compared to its previous closing price of ₹491.55. The company currently holds a market capitalization of ₹962.2 crores, reflecting strong investor confidence in its growth trajectory.
Details of the Order
As per regulatory filings, the company secured a new order valued at ₹33.2 crores from an undisclosed client. The order involves supplying solar PV modules with capacities of 500 Wp, 520 Wp, and 535 Wp. The completion date for this project is set for May 31, 2025.
This development marks another milestone for the company, reinforcing its commitment to manufacturing high-performance Monocrystalline and Topcon solar panels.
Previous Orders & Strategic Expansion
Australian Premium Solar has been actively expanding its operations and securing large-scale orders. Here’s a look at its recent developments:
- February 4, 2025: The company won a ₹25.4 crore order for Mono Crystalline DCR Mono Facial Solar PV Modules (540 Watts, 144 Cells).
- December 17, 2024: The company announced a proposed capital increase to strengthen its financial position and support growth in the renewable energy sector.
- Authorized share capital raised from ₹20 crore to ₹22 crore.
- Issued 3,83,500 equity shares at ₹527 per share to non-promoter shareholders.
- Issued 94,750 fully convertible warrants to promoters at the same price.
This capital expansion aims to accelerate the company’s expansion into the EPC (Engineering, Procurement, and Construction) sector for solar systems and solar pumps, segments that offer higher profit margins compared to its core manufacturing business.
Financial Performance
The company has shown remarkable financial growth, driven by increasing demand for solar energy solutions.
| Financial Metric | H1 FY24 | H1 FY25 | YoY Growth |
|---|---|---|---|
| Revenue from Operations | ₹47.5 Cr | ₹69 Cr | +45.3% |
| Net Profit | ₹1.65 Cr | ₹3.55 Cr | +115.2% |
This significant 115.2% increase in net profit highlights the company’s strong execution and growing presence in India’s renewable energy market.
About Australian Premium Solar (India) Limited
Founded in 2013, Australian Premium Solar specializes in the manufacturing of solar modules and EPC services for solar rooftops and solar pumps. The company serves residential, commercial, industrial, and agricultural sectors, offering high-quality Monocrystalline and Topcon solar panels.
A majority (67.71%) of its revenue comes from the manufacturing of solar modules, generating around ₹64.03 crores. However, with a growing focus on EPC services, the company aims to capitalize on new opportunities in the solar market.
Key Financial Ratios & Market Performance
| Metric | Value |
|---|---|
| Market Cap | ₹951 Cr. |
| Current Price | ₹482 |
| 52-Week High / Low | ₹670 / ₹196 |
| Stock P/E | 57.0 |
| Book Value | ₹31.0 |
| Dividend Yield | 0.00% |
| ROCE (Return on Capital Employed) | 22.3% |
| ROE (Return on Equity) | 19.6% |
| Debt to Equity Ratio | 0.14 |
| Industry P/E | 53.2 |
| Total Debt | ₹8.73 Cr. |
| Intrinsic Value | ₹214 |
| Graham Number | ₹76.8 |
| Piotroski Score | 3.00 |
| Price to Book Value | 15.5 |
With a low debt-to-equity ratio (0.14) and a strong ROE (19.6%), Australian Premium Solar is financially well-positioned for future growth. However, the stock currently trades at a high P/E ratio (57.0), suggesting it is priced at a premium compared to industry peers.
Future Outlook & Investment Potential
The company’s latest order win aligns with India’s ambitious renewable energy goals, including achieving 500 GW of non-fossil fuel capacity by 2030. With increasing government support, incentives, and a rising demand for solar energy, Australian Premium Solar is well-positioned to benefit from the industry’s growth.
Moreover, its expansion into EPC services and planned capital raise could further drive profitability, making it an attractive long-term investment for those looking to gain exposure to the clean energy sector.
Conclusion
Australian Premium Solar’s 3% stock surge following the ₹33.2 crore order win reflects growing investor confidence in its ability to scale operations and drive revenue growth. With a strong financial position, a diversified product portfolio, and ambitious expansion plans, the company remains a key player in India’s renewable energy space.
Investors should keep an eye on future order wins, financial performance, and strategic expansions, as Australian Premium Solar continues to capture market opportunities in the fast-growing solar industry.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.