Bright Solar Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 10, 2025, 12:40 pm

Market Cap	7.00 Cr.
Current Price	2.80
High / Low	9.65/2.80
Stock P/E
Book Value	11.8
Dividend Yield	0.00 %
ROCE	10.9 %
ROE	11.5 %
Face Value	10.0
PEG Ratio	0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Bright Solar Ltd

Competitors of Bright Solar Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Hawa Engineers Ltd	45.8 Cr.	130	338/105	28.6	56.2	0.00 %	14.6 %	8.41 %	10.0
Shakti Pumps (India) Ltd	10,277 Cr.	855	1,398/391	25.2	96.6	0.08 %	55.3 %	42.6 %	10.0
Latteys Industries Ltd	125 Cr.	21.7	48.6/14.4	77.0	3.40	0.00 %	11.8 %	9.00 %	2.00
Bright Solar Ltd	7.00 Cr.	2.80	9.65/2.80		11.8	0.00 %	10.9 %	11.5 %	10.0
Kirloskar Brothers Ltd	14,593 Cr.	1,838	2,685/1,422	34.7	264	0.33 %	28.2 %	22.1 %	2.00
Industry Average	9,740.25 Cr	608.25		44.08	86.23	0.15%	24.10%	18.55%	6.00

All Competitor Stocks of Bright Solar Ltd

Quarterly Result

Metric	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024
Sales	3.27	20.20	13.99	10.54	1.49	5.70	4.52	19.06	0.52	9.02
Expenses	2.61	19.46	13.39	10.61	4.11	10.30	4.45	19.15	1.05	12.08
Operating Profit	0.66	0.74	0.60	-0.07	-2.62	-4.60	0.07	-0.09	-0.53	-3.06
OPM %	20.18%	3.66%	4.29%	-0.66%	-175.84%	-80.70%	1.55%	-0.47%	-101.92%	-33.92%
Other Income	0.05	0.12	0.05	0.21	0.05	0.25	0.50	-0.05	-2.51	0.20
Interest	0.04	0.04	0.04	0.06	0.01	0.05	0.02	0.02	0.02	0.01
Depreciation	0.21	0.22	0.20	0.20	0.19	0.21	0.16	0.16	0.04	0.03
Profit before tax	0.46	0.60	0.41	-0.12	-2.77	-4.61	0.39	-0.32	-3.10	-2.90
Tax %	28.26%	70.00%	26.83%	0.00%	0.00%	0.00%	23.08%	-25.00%	0.00%	0.00%
Net Profit	0.34	0.18	0.30	-0.12	-2.77	-4.61	0.30	-0.24	-3.10	-2.90
EPS in Rs	0.14	0.07	0.12	-0.05	-1.11	-1.85	0.12	-0.10	-1.24	-1.16

Last Updated: March 3, 2025, 5:09 pm

Below is a detailed analysis of the quarterly data for Bright Solar Ltd based on the most recent figures (Mar 2024) and their trends compared to the previous period:

For Sales, as of Mar 2024, the value is 9.02 Cr.. The value appears strong and on an upward trend. It has increased from 0.52 Cr. (Sep 2023) to 9.02 Cr., marking an increase of 8.50 Cr..
For Expenses, as of Mar 2024, the value is 12.08 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1.05 Cr. (Sep 2023) to 12.08 Cr., marking an increase of 11.03 Cr..
For Operating Profit, as of Mar 2024, the value is -3.06 Cr.. The value appears to be declining and may need further review. It has decreased from -0.53 Cr. (Sep 2023) to -3.06 Cr., marking a decrease of 2.53 Cr..
For OPM %, as of Mar 2024, the value is -33.92%. The value appears strong and on an upward trend. It has increased from -101.92% (Sep 2023) to -33.92%, marking an increase of 68.00%.
For Other Income, as of Mar 2024, the value is 0.20 Cr.. The value appears strong and on an upward trend. It has increased from -2.51 Cr. (Sep 2023) to 0.20 Cr., marking an increase of 2.71 Cr..
For Interest, as of Mar 2024, the value is 0.01 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 0.02 Cr. (Sep 2023) to 0.01 Cr., marking a decrease of 0.01 Cr..
For Depreciation, as of Mar 2024, the value is 0.03 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 0.04 Cr. (Sep 2023) to 0.03 Cr., marking a decrease of 0.01 Cr..
For Profit before tax, as of Mar 2024, the value is -2.90 Cr.. The value appears strong and on an upward trend. It has increased from -3.10 Cr. (Sep 2023) to -2.90 Cr., marking an increase of 0.20 Cr..
For Tax %, as of Mar 2024, the value is 0.00%. The value remains steady. There is no change compared to the previous period (Sep 2023) which recorded 0.00%.
For Net Profit, as of Mar 2024, the value is -2.90 Cr.. The value appears strong and on an upward trend. It has increased from -3.10 Cr. (Sep 2023) to -2.90 Cr., marking an increase of 0.20 Cr..
For EPS in Rs, as of Mar 2024, the value is -1.16. The value appears strong and on an upward trend. It has increased from -1.24 (Sep 2023) to -1.16, marking an increase of 0.08.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 4:39 pm

Metric	Mar 2011	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	0.04	1.48	47.76	14.99	18.03	39.58	57.41	23.40	24.39	7.19	23.58	9.54
Expenses	0.11	1.45	44.45	13.71	14.99	29.89	53.32	21.98	23.66	14.40	23.60	13.11
Operating Profit	-0.07	0.03	3.31	1.28	3.04	9.69	4.09	1.42	0.73	-7.21	-0.02	-3.57
OPM %	-175.00%	2.03%	6.93%	8.54%	16.86%	24.48%	7.12%	6.07%	2.99%	-100.28%	-0.08%	-37.42%
Other Income	0.08	0.00	0.05	0.44	0.10	0.30	0.43	0.17	0.26	0.30	0.45	-2.32
Interest	0.00	0.00	0.28	0.60	0.53	0.33	0.08	0.10	0.30	0.06	0.04	0.03
Depreciation	0.00	0.00	0.11	0.08	0.06	0.11	0.42	0.42	0.40	0.40	0.32	0.07
Profit before tax	0.01	0.03	2.97	1.04	2.55	9.55	4.02	1.07	0.29	-7.37	0.07	-5.99
Tax %	0.00%	33.33%	34.01%	32.69%	33.33%	35.08%	41.79%	51.40%	37.93%	0.00%	14.29%	0.00%
Net Profit	0.01	0.02	1.97	0.71	1.71	6.20	2.34	0.52	0.18	-7.37	0.05	-6.00
EPS in Rs			15.15	3.94	9.50	3.39	0.94	0.21	0.07	-2.96	0.02	-2.40
Dividend Payout %	0.00%	0.00%	6.73%	21.13%	0.00%	2.42%	8.72%	39.23%	11.33%	0.00%	0.00%	0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2011-2012	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	100.00%	-63.96%	140.85%	262.57%	-62.26%	-77.78%	-65.38%	-4194.44%	100.68%	-12100.00%
Change in YoY Net Profit Growth (%)	0.00%	-163.96%	204.80%	121.73%	-324.83%	-15.52%	12.39%	-4129.06%	4295.12%	-12200.68%

Bright Solar Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2011-2012 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	-30%
3 Years:	-27%
TTM:	-60%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-7020%

Stock Price CAGR
10 Years:	%
5 Years:	-12%
3 Years:	-19%
1 Year:	-67%

Return on Equity
10 Years:	%
5 Years:	-6%
3 Years:	-11%
Last Year:	-11%

Last Updated: Unknown

Balance Sheet

Last Updated: October 15, 2024, 4:02 pm

Month	Mar 2011	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0.01	0.01	1.06	1.50	1.50	15.00	20.40	20.40	20.40	20.40	20.40	25.00
Reserves	0.01	0.03	3.06	7.16	8.69	1.39	17.53	17.80	17.77	10.37	10.43	4.43
Borrowings	0.16	1.24	6.16	3.34	2.67	1.41	0.48	0.70	0.51	3.62	1.83	0.63
Other Liabilities	0.01	2.05	28.64	10.12	19.78	11.98	12.31	14.47	11.69	6.51	14.70	7.01
Total Liabilities	0.19	3.33	38.92	22.12	32.64	29.78	50.72	53.37	50.37	40.90	47.36	37.07
Fixed Assets	0.00	0.01	0.27	0.20	0.15	0.39	0.69	4.46	4.35	4.42	4.30	0.38
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.13	0.85	0.00	0.00	0.00	0.23	0.28	0.94	0.72	0.49
Other Assets	0.19	3.32	38.52	21.07	32.49	29.39	50.03	48.68	45.74	35.54	42.34	36.20
Total Assets	0.19	3.33	38.92	22.12	32.64	29.78	50.72	53.37	50.37	40.90	47.36	37.07

Below is a detailed analysis of the balance sheet data for Bright Solar Ltd based on the most recent figures (Mar 2024) and their trends compared to the previous period:

For Equity Capital, as of Mar 2024, the value is 25.00 Cr.. The value appears strong and on an upward trend. It has increased from 20.40 Cr. (Mar 2023) to 25.00 Cr., marking an increase of 4.60 Cr..
For Reserves, as of Mar 2024, the value is 4.43 Cr.. The value appears to be declining and may need further review. It has decreased from 10.43 Cr. (Mar 2023) to 4.43 Cr., marking a decrease of 6.00 Cr..
For Borrowings, as of Mar 2024, the value is 0.63 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 1.83 Cr. (Mar 2023) to 0.63 Cr., marking a decrease of 1.20 Cr..
For Other Liabilities, as of Mar 2024, the value is 7.01 Cr.. The value appears to be improving (decreasing). It has decreased from 14.70 Cr. (Mar 2023) to 7.01 Cr., marking a decrease of 7.69 Cr..
For Total Liabilities, as of Mar 2024, the value is 37.07 Cr.. The value appears to be improving (decreasing). It has decreased from 47.36 Cr. (Mar 2023) to 37.07 Cr., marking a decrease of 10.29 Cr..
For Fixed Assets, as of Mar 2024, the value is 0.38 Cr.. The value appears to be declining and may need further review. It has decreased from 4.30 Cr. (Mar 2023) to 0.38 Cr., marking a decrease of 3.92 Cr..
For CWIP, as of Mar 2024, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2023) which recorded 0.00 Cr..
For Investments, as of Mar 2024, the value is 0.49 Cr.. The value appears to be declining and may need further review. It has decreased from 0.72 Cr. (Mar 2023) to 0.49 Cr., marking a decrease of 0.23 Cr..
For Other Assets, as of Mar 2024, the value is 36.20 Cr.. The value appears to be declining and may need further review. It has decreased from 42.34 Cr. (Mar 2023) to 36.20 Cr., marking a decrease of 6.14 Cr..
For Total Assets, as of Mar 2024, the value is 37.07 Cr.. The value appears to be declining and may need further review. It has decreased from 47.36 Cr. (Mar 2023) to 37.07 Cr., marking a decrease of 10.29 Cr..

Notably, the Reserves (4.43 Cr.) exceed the Borrowings (0.63 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2011	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	0.00	0.00	-4.66	3.01	1.24	5.93	-11.59	2.06	0.14	1.02	-7.63	-5.20
Cash from Investing Activity +	0.00	0.00	0.05	-0.63	0.00	-7.55	-6.76	-0.45	-0.86	-1.23	7.53	2.01
Cash from Financing Activity +	0.00	0.00	4.62	-0.64	-0.76	0.22	18.09	-0.19	-0.42	0.11	-0.15	4.49
Net Cash Flow	0.00	0.00	0.01	1.74	0.48	-1.40	-0.25	1.42	-1.15	-0.10	-0.24	1.31

Free Cash Flow

Month	Mar 2011	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-0.23	-1.21	-2.85	-2.06	0.37	8.28	3.61	0.72	0.22	-10.83	-1.85	-4.20

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2011	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	365.00	231.82	273.22	118.34	300.42	120.71	68.16	281.86	135.73	321.34	194.73	379.16
Inventory Days			8.78	23.95	0.00	41.46				110.56		145.79
Days Payable			217.70	133.88		116.88				140.35		346.39
Cash Conversion Cycle	365.00	231.82	64.29	8.41	300.42	45.29	68.16	281.86	135.73	291.56	194.73	178.56
Working Capital Days	730.00	293.48	69.24	203.56	129.97	47.49	121.69	279.52	275.06	668.57	300.45	763.29
ROCE %		4.11%		14.72%	24.78%	64.38%	14.59%	3.03%	1.52%	-20.01%	0.33%	-10.91%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Apr 2023	Sep 2023	Dec 2023	Sep 2024
Promoters	70.02%	70.02%	66.96%	62.24%	24.73%	0.24%	0.24%	0.24%	0.20%	0.20%	0.20%	0.20%
Public	29.98%	29.98%	33.04%	37.76%	75.28%	99.77%	99.76%	99.76%	99.79%	99.80%	99.80%	99.80%
No. of Shareholders	481	479	557	643	1,702	3,140	3,006	2,716	2,688	3,303	3,303	4,048

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	-2.42	0.03	-3.61	0.09	0.25
Diluted EPS (Rs.)	-2.42	0.03	-3.61	0.09	0.25
Cash EPS (Rs.)	-2.37	0.18	-3.42	0.28	0.45
Book Value[Excl.RevalReserv]/Share (Rs.)	11.77	15.11	15.08	18.71	18.72
Book Value[Incl.RevalReserv]/Share (Rs.)	11.77	15.11	15.08	18.71	18.72
Dividend / Share (Rs.)	0.00	0.00	0.00	0.01	0.10
Revenue From Operations / Share (Rs.)	3.82	11.56	3.52	12.02	11.50
PBDIT / Share (Rs.)	-1.34	0.21	-3.39	0.38	0.77
PBIT / Share (Rs.)	-1.37	0.05	-3.58	0.18	0.56
PBT / Share (Rs.)	-2.40	0.03	-3.62	0.13	0.52
Net Profit / Share (Rs.)	-2.40	0.02	-3.61	0.08	0.25
PBDIT Margin (%)	-35.18	1.81	-96.17	3.21	6.70
PBIT Margin (%)	-35.96	0.44	-101.74	1.56	4.90
PBT Margin (%)	-62.86	0.27	-102.62	1.16	4.54
Net Profit Margin (%)	-62.86	0.22	-102.61	0.71	2.19
Return on Networth / Equity (%)	-20.38	0.17	-23.96	0.46	1.35
Return on Capital Employeed (%)	-11.51	0.33	-23.34	0.99	2.96
Return On Assets (%)	-16.17	0.11	-18.02	0.34	0.96
Long Term Debt / Equity (X)	0.01	0.01	0.01	0.01	0.01
Total Debt / Equity (X)	0.02	0.05	0.11	0.01	0.01
Asset Turnover Ratio (%)	0.22	0.53	0.15	0.47	0.45
Current Ratio (X)	4.21	2.26	2.36	2.79	2.51
Quick Ratio (X)	4.02	1.96	2.13	2.00	1.83
Dividend Payout Ratio (NP) (%)	0.00	0.00	0.00	115.72	47.68
Dividend Payout Ratio (CP) (%)	0.00	0.00	0.00	35.15	26.21
Earning Retention Ratio (%)	0.00	0.00	0.00	-15.72	52.32
Cash Earning Retention Ratio (%)	0.00	0.00	0.00	64.85	73.79
Interest Coverage Ratio (X)	-116.18	10.74	-110.17	7.92	18.34
Interest Coverage Ratio (Post Tax) (X)	-118.73	2.35	-116.54	2.77	7.01
Enterprise Value (Cr.)	17.34	10.88	12.24	21.15	15.95
EV / Net Operating Revenue (X)	1.82	0.46	1.70	0.86	0.67
EV / EBITDA (X)	-5.16	25.39	-1.77	26.82	10.13
MarketCap / Net Operating Revenue (X)	2.14	0.48	1.60	0.96	0.82
Retention Ratios (%)	0.00	0.00	0.00	-15.72	52.31
Price / BV (X)	0.69	0.36	0.37	0.62	0.50
Price / Net Operating Revenue (X)	2.14	0.48	1.60	0.96	0.82
EarningsYield	-0.29	0.00	-0.63	0.01	0.02

After reviewing the key financial ratios for Bright Solar Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is -2.42. This value is below the healthy minimum of 5. It has decreased from 0.03 (Mar 23) to -2.42, marking a decrease of 2.45.
For Diluted EPS (Rs.), as of Mar 24, the value is -2.42. This value is below the healthy minimum of 5. It has decreased from 0.03 (Mar 23) to -2.42, marking a decrease of 2.45.
For Cash EPS (Rs.), as of Mar 24, the value is -2.37. This value is below the healthy minimum of 3. It has decreased from 0.18 (Mar 23) to -2.37, marking a decrease of 2.55.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 11.77. It has decreased from 15.11 (Mar 23) to 11.77, marking a decrease of 3.34.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 11.77. It has decreased from 15.11 (Mar 23) to 11.77, marking a decrease of 3.34.
For Dividend / Share (Rs.), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 1. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 3.82. It has decreased from 11.56 (Mar 23) to 3.82, marking a decrease of 7.74.
For PBDIT / Share (Rs.), as of Mar 24, the value is -1.34. This value is below the healthy minimum of 2. It has decreased from 0.21 (Mar 23) to -1.34, marking a decrease of 1.55.
For PBIT / Share (Rs.), as of Mar 24, the value is -1.37. This value is below the healthy minimum of 0. It has decreased from 0.05 (Mar 23) to -1.37, marking a decrease of 1.42.
For PBT / Share (Rs.), as of Mar 24, the value is -2.40. This value is below the healthy minimum of 0. It has decreased from 0.03 (Mar 23) to -2.40, marking a decrease of 2.43.
For Net Profit / Share (Rs.), as of Mar 24, the value is -2.40. This value is below the healthy minimum of 2. It has decreased from 0.02 (Mar 23) to -2.40, marking a decrease of 2.42.
For PBDIT Margin (%), as of Mar 24, the value is -35.18. This value is below the healthy minimum of 10. It has decreased from 1.81 (Mar 23) to -35.18, marking a decrease of 36.99.
For PBIT Margin (%), as of Mar 24, the value is -35.96. This value is below the healthy minimum of 10. It has decreased from 0.44 (Mar 23) to -35.96, marking a decrease of 36.40.
For PBT Margin (%), as of Mar 24, the value is -62.86. This value is below the healthy minimum of 10. It has decreased from 0.27 (Mar 23) to -62.86, marking a decrease of 63.13.
For Net Profit Margin (%), as of Mar 24, the value is -62.86. This value is below the healthy minimum of 5. It has decreased from 0.22 (Mar 23) to -62.86, marking a decrease of 63.08.
For Return on Networth / Equity (%), as of Mar 24, the value is -20.38. This value is below the healthy minimum of 15. It has decreased from 0.17 (Mar 23) to -20.38, marking a decrease of 20.55.
For Return on Capital Employeed (%), as of Mar 24, the value is -11.51. This value is below the healthy minimum of 10. It has decreased from 0.33 (Mar 23) to -11.51, marking a decrease of 11.84.
For Return On Assets (%), as of Mar 24, the value is -16.17. This value is below the healthy minimum of 5. It has decreased from 0.11 (Mar 23) to -16.17, marking a decrease of 16.28.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.01. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 23) which recorded 0.01.
For Total Debt / Equity (X), as of Mar 24, the value is 0.02. This value is within the healthy range. It has decreased from 0.05 (Mar 23) to 0.02, marking a decrease of 0.03.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.22. It has decreased from 0.53 (Mar 23) to 0.22, marking a decrease of 0.31.
For Current Ratio (X), as of Mar 24, the value is 4.21. This value exceeds the healthy maximum of 3. It has increased from 2.26 (Mar 23) to 4.21, marking an increase of 1.95.
For Quick Ratio (X), as of Mar 24, the value is 4.02. This value exceeds the healthy maximum of 2. It has increased from 1.96 (Mar 23) to 4.02, marking an increase of 2.06.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 20. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 20. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Earning Retention Ratio (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 40. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 40. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Interest Coverage Ratio (X), as of Mar 24, the value is -116.18. This value is below the healthy minimum of 3. It has decreased from 10.74 (Mar 23) to -116.18, marking a decrease of 126.92.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is -118.73. This value is below the healthy minimum of 3. It has decreased from 2.35 (Mar 23) to -118.73, marking a decrease of 121.08.
For Enterprise Value (Cr.), as of Mar 24, the value is 17.34. It has increased from 10.88 (Mar 23) to 17.34, marking an increase of 6.46.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.82. This value is within the healthy range. It has increased from 0.46 (Mar 23) to 1.82, marking an increase of 1.36.
For EV / EBITDA (X), as of Mar 24, the value is -5.16. This value is below the healthy minimum of 5. It has decreased from 25.39 (Mar 23) to -5.16, marking a decrease of 30.55.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 2.14. This value is within the healthy range. It has increased from 0.48 (Mar 23) to 2.14, marking an increase of 1.66.
For Retention Ratios (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 30. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Price / BV (X), as of Mar 24, the value is 0.69. This value is below the healthy minimum of 1. It has increased from 0.36 (Mar 23) to 0.69, marking an increase of 0.33.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 2.14. This value is within the healthy range. It has increased from 0.48 (Mar 23) to 2.14, marking an increase of 1.66.
For EarningsYield, as of Mar 24, the value is -0.29. This value is below the healthy minimum of 5. It has decreased from 0.00 (Mar 23) to -0.29, marking a decrease of 0.29.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Bright Solar Ltd as of May 24, 2025 is: 16.61

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of May 24, 2025, Bright Solar Ltd is Undervalued by 493.21% compared to the current share price 2.80

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of Bright Solar Ltd as of May 24, 2025 is: 12.85

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of May 24, 2025, Bright Solar Ltd is Undervalued by 358.93% compared to the current share price 2.80

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -22.64%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (8.22 cr) compared to borrowings (1.90 cr), indicating strong financial stability. The company has shown consistent growth in sales (22.28 cr) and profit (0.69 cr) over the years.	The stock has a low average ROCE of 8.05%, which may not be favorable. The stock has a high average Working Capital Days of 323.53, which may not be favorable. The stock has a high average Cash Conversion Cycle of 180.49, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Bright Solar Ltd:
1. Net Profit Margin: -62.86%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: -11.51% (Industry Average ROCE: 24.1%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: -20.38% (Industry Average ROE: 18.55%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): -118.73
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 4.02
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 0 (Industry average Stock P/E: 44.08)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.02
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

No data availabale for About the Company

INDUSTRY	ADDRESS	CONTACT
Industry not found	Address not found	Contact not found

Management Data not Available

FAQ

What is the intrinsic value of Bright Solar Ltd?

Bright Solar Ltd's intrinsic value (as of 10 April 2025) is ₹16.61 — 493.21% higher the current market price of 2.80, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 7.00 Cr. market cap, FY2025-2026 high/low of ₹9.65/2.80, reserves of 4.43 Cr, and liabilities of 37.07 Cr.

What is the Market Cap of Bright Solar Ltd?

The Market Cap of Bright Solar Ltd is 7.00 Cr..

What is the current Stock Price of Bright Solar Ltd as on 10 April 2025?

The current stock price of Bright Solar Ltd as on 10 April 2025 is 2.80.

What is the High / Low of Bright Solar Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Bright Solar Ltd stocks is ₹9.65/2.80.

What is the Stock P/E of Bright Solar Ltd?

The Stock P/E of Bright Solar Ltd is .

What is the Book Value of Bright Solar Ltd?

The Book Value of Bright Solar Ltd is 11.8.

What is the Dividend Yield of Bright Solar Ltd?

The Dividend Yield of Bright Solar Ltd is 0.00 %.

What is the ROCE of Bright Solar Ltd?

The ROCE of Bright Solar Ltd is 10.9 %.

What is the ROE of Bright Solar Ltd?

The ROE of Bright Solar Ltd is 11.5 %.

What is the Face Value of Bright Solar Ltd?

The Face Value of Bright Solar Ltd is 10.0.