⚡ At a Glance
Australian Premium Solar (India) Ltd (APS) has pulled off a sun-charged sprint from ₹50 crore in FY20 revenue to ₹438.87 crore in FY25 — that’s nearly a9x topline jump, and aPAT explosion of 870% YoYin FY25 alone.
The Gujarat-based company has also announced a ₹1,000 Cr CapEx plan for a 1 GW solar cell plant by FY27 — all while maintainingROCE of 70.6%andROE of 57.5%. But can this SME keep its shine, or is it about to get eclipsed?
☀️ 1. About the Company
- Founded in 2013, APS manufacturesmonocrystalline and polycrystalline solar modules.
- OffersEPC servicesacross:
- Residential
- Agricultural
- Commercial solar rooftop and ground-mounted projects.
It isn’t just selling panels, it’s selling“premium” sunshine— complete with warranties and after-sales service.
👔 2. Key Managerial Highlights
- Promoters hold~73% stake
- , but trimmed it slightly in June 2025 (–0.67%) — possibly to raise funds via preferential allotment.
- Recent issue:3.5 lakh shares + 70,000 warrants at ₹433, even though CMP is now ₹633. Early birds catching the returns?
Also, shareholders have jumped from1,126 to 4,117in just over a year — the retail solar FOMO is real. 🔆📈
💰 3. Financials (5-Year Summary)
| FY | Revenue (₹ Cr) | Net Profit (₹ Cr) | OPM (%) | EPS (₹) |
|---|---|---|---|---|
| FY20 | 50 | 1 | 5% | ₹610 (Pre-split) |
| FY21 | 74 | 2 | 5% | ₹900 |
| FY22 | 98 | 3 | 5% | ₹1,350 |
| FY23 | 95 | 3 | 6% | ₹1,650 |
| FY24 | 150 | 6 | 6% | ₹3.12 |
| FY25 | 438.87 | 39 | 13% | ₹19.67 |
🚀 Key Trends
- TTM Revenue Growth: 189%
- PAT Growth (YoY): 870%
- 5-Year Profit CAGR: 100%
APS is nowprinting money like the sun prints photons.
🧮 4. Forward-Looking Fair Value (FV) Estimate
FY26
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