Surana Solar Share Price Target 2024-2030 Today Update, Business Profile, Fundamentals & Quarterly Results

Surana Ventures Limited (SVL) is a leader Organization of Surana Gathering that was laid out in 2006. The organization’s significant creation is in Solar oriented Photovoltaic (PV) Modules. They sell the Solar oriented PV Modules at serious costs contrasted with the expressed quality they offer in the Indian market. The homegrown market buys the items under the brand Surana Ventures since they are made at various spots which are found at Fabcity, SEZ and Cherlapally in Hyderabad. It is a very diverse group that focuses on infrastructure, telecommunications, metallurgy, solar and wind power, and other fields.

Surana Solar Share Price Target 2024-2030

Surana Solar ltd. is one of the listed companies that will soon secure a stable position on stock exchanges because the company’s performance is expected to improve and the share prices are expected to rise in the future. Different cases are being seen when the offer costs were falling yet it gets concealed by the organization because of its presentation. The interest for these offers is presently not that much however a fair interest exists for them.

Surana Solar Share Price Target Today Update

Surana Solar Share Price Target One recorded business that is supposed to rapidly lay out a steady situation on stock trades is Surana Solar powered Ltd.; the organization’s presentation is supposed to improve, and its portion costs will rise going ahead. Numerous instances of declining share costs that the organization decided to hide because of its presentation have been seen.

Surana Solar Business Profile

Surana Group is SSL produces Solar oriented Photovoltaic Modules and is additionally associated with Power Ventures EPC executed on turnkey conditions at MW scale. It gives matrix off and lattice associated Photovoltaic Power plants in open regions, going from 1 MW to 15 MW it likewise gives designing, obtainment and development administrations.

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Product

• PV Modules –Solar photovoltaic modules with mono- or multi-crystalline cells are produced by the company.
• Solar Lanterns –Solar LED lanterns were produced by the company, and their names were Surana Family Lantern, Surana Handy Lantern, and Surana Clever Lantern, respectively.

Production Capacity

The Organization makes modules at its two plants in Hyderabad which can create a sum of 80 MW. At present, for wind division of the organization, it has 1.65 MW of introduced limit at Khatav Taluka, Satara Locale, Maharashtra.

Recent Developments

• By partnering with solar rooftops under EPC terms, this company participates in numerous government and non-government contracts as part of its strategy.
• A sum of 4.2 MW of roof solar capacity has been introduced by the organization for various clients in Telangana State through the EPC course The organization expects to foster a 25MW module producing office, two 10MW solar based power age projects and a joint endeavor with a notable person in Sri Lanka to keep up with Drove and Solar oriented lights.
• They expect to set up a 25 MW Module Assembling plant, 10 MW two tasks each for age of solar based Power and Drove and solar oriented Lights in Joint Endeavor with rumored Individual place of Sri Lanka.
• According to the proposal, the joint venture (JV) will be a subsidiary of SSL with a 51 percent equity stake.

Surana Solar Fundamentals & Quarterly Results

Market Cap	₹ 190 Cr.
Current Price	₹ 38.7
High / Low	₹ 48.0 / 19.6
Stock P/E	–
Book Value	₹ 11.4
Dividend Yield	0.00 %
ROCE	-1.44 %
ROE	-2.22 %
Face Value	₹ 5.00
Debt to equity	0.00
Debt Capacity	0.11
Debt preceding year	₹ 0.00 Cr.
Debt	₹ 0.00 Cr.
Reserves	₹ 31.6 Cr.
EPS	₹ -0.26
EPS last year	₹ -0.26
Pledged percentage	0.00 %
FCF Prev Ann	₹ 11.4 Cr.
EVEBITDA	174
Industry PE	58.0
PEG Ratio	–
Piotroski score	4.00
Earnings yield	-0.43 %
Sales growth 5 Years	-12.6 %

Surana Solar Quarterly Results

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Sales	9.30	11.18	13.90	7.80	6.60	2.77	4.40	3.93
Expenses	9.74	10.58	13.21	7.30	6.22	4.21	3.90	3.63
Operating Profit	-0.44	0.60	0.69	0.50	0.38	-1.44	0.50	0.30
OPM %	-4.73%	5.37%	4.96%	6.41%	5.76%	-51.99%	11.36%	7.63%
Other Income	3.88	0.21	0.16	0.53	0.65	0.32	0.28	0.10
Interest	0.12	0.03	0.03	0.01	0.01	0.03	0.01	0.03
Depreciation	0.61	0.64	0.63	0.75	0.66	0.54	0.44	0.27
Profit before tax	2.71	0.14	0.19	0.27	0.36	-1.69	0.33	0.10
Tax %	29.52%	28.57%	89.47%	7.41%	33.33%	14.20%	66.67%	260.00%
Net Profit	1.91	0.10	0.03	0.25	0.24	-1.45	0.11	-0.15
EPS (₹)	0.39	0.02	0.01	0.05	0.05	-0.29	0.02	-0.03

CAGR Report

	10 Years	5 Years	3 Years	1 Year/TTM
Compounded Sales Growth	-18%	-13%	-14%	-58%
Compounded Profit Growth	%	%	%	-425%
Stock Price CAGR	8%	40%	48%	81%
Return on Equity	3%	0%	0%	-2%

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Surana Solar Shareholding Pattern

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Promoters	70.61%	65.98%	67.66%	69.09%	70.19%	65.23%	64.85%	49.94%
FIIs	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%
DIIs	0.24%	0.23%	0.04%	0.05%	0.04%	0.04%	0.03%	0.03%
Public	29.14%	33.77%	32.30%	30.86%	29.77%	34.74%	35.12%	50.02%
No. of Shareholders	13,071	15,053	14,002	13,590	15,544	40,413	40,379	89,630

Surana Solar Share Price Target 2024-2030 Forecast

Year	Target
2024	43.10
2025	52.48
2026	63.94
2027	72.81
2028	92.43
2029	110.46
2030	131.34

Surana Solar Share Price Target 2025

Months	Target Prices
January	43.21
February	43.59
March	44.01
April	44.89
May	45.29
June	46.07
July	46.23
August	47.29
September	48.75
October	49.29
November	50.09
December	52.48

Surana Solar Share Price Target 2026

Months	Target Prices
January	52.37
February	53.39
March	54.07
April	54.23
May	55.89
June	56.23
July	57.74
August	58.98
September	59.06
October	60.23
November	61.28
December	63.94

Surana Solar Share Price Target 2027

Months	Target Prices
January	62.92
February	63.02
March	63.87
April	64.41
May	65.23
June	66.78
July	67.58
August	68.45
September	69.78
October	70.09
November	71.45
December	72.81

Surana Solar Share Price Target 2028

Months	Target Prices
January	74.82
February	76.85
March	78.48
April	80.6
May	82.45
June	84.98
July	86.15
August	88.74
September	90.05
October	90.87
November	91.02
December	92.43

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Surana Solar Share Price Target 2029

Months	Target Prices
January	88.17
February	90.02
March	92.25
April	94.45
May	96.87
June	98.41
July	100.25
August	101.05
September	104.26
October	105.89
November	110.2
December	110.46

Surana Solar Share Price Target 2030

Months	Target Prices
January	102.97
February	104.02
March	106.28
April	108.97
May	110.66
June	115.84
July	118.54
August	119.56
September	124.55
October	130.26
November	131.02
December	131.34

Points Before investing in Surana Solar ltd:-

• The sum to be put resources into the stocks not entirely set in stone with the discussion of a monetary counsel in advance and it shouldn’t get impacted by any of the variables.
• The financials of the organization is to be checked including the monetary record, monetary proportions, articulation of benefit and misfortune, there patterns in regards to the benefits and profits to be seen also.
• It is necessary to verify the company’s available funds for investment, as well as their availability and returns.
• Because their ignorance can result in losses, the risk factors that must be engaged alongside the shares must be noted and constantly checked.
• The Expense rates to be inferred on shares should be checked and their rates to be seen also.

Final Words

The Surana Solar ltd is one of the recorded organizations on stock trades, the costs of these offers are for the most part seen as expanding, the offer cost of the organization is considered as a fair worth according to its presentation on stock trades. However, despite the recent drop in share prices, forecasts and predictions suggested that the company would cover it up because of its improved performance. In accordance with the anticipated values and target prices, the stock prices will rise in the future.