Bright Solar Ltd: Intrinsic Value & Share Price Analysis

Q: What is the intrinsic value of Bright Solar Ltd and is it undervalued?

As of 30 April 2026, Bright Solar Ltd's intrinsic value is 2.03, which is 27.50% lower than the current market price of 2.80, suggesting the stock is overvalued. Calculated using the PE ratio method factoring in ROE (0.68 %), book value (11.8), dividend yield (0.00 %), and 5-year EPS CAGR.

Q: What is the current share price and 52-week range of Bright Solar Ltd?

Bright Solar Ltd is trading at 2.80 as of 30 April 2026, with a FY2026-2027 high of and low of . Market cap stands at 7.00 Cr..

Q: Is Bright Solar Ltd financially healthy?

Key indicators: ROCE of 0.03 % is on the lower side. Dividend yield is 0.00 %.

Q: Is Bright Solar Ltd profitable and how is the profit trend?

Bright Solar Ltd reported a net profit of 0 Cr in Mar 2025 on revenue of 2 Cr. Compared to -7 Cr in Mar 2022, the net profit shows an improving trend.

Fair Value

₹0.98Overvalued by 65.00%vs CMP ₹2.80

P/E (15.0) × ROE (0.7%) × BV (₹11.80) × DY (2.00%)

Defaults: P/E=15

₹2.03Overvalued by 27.50%vs CMP ₹2.80

MoS: -37.9% (Negative)Confidence: 59/100 (Moderate)Models: 1 Under, 7 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹1.29	23%	Over (-53.9%)
Graham Number	Earnings	₹2.30	17%	Over (-17.9%)
DCF	Cash Flow	₹0.20	14%	Over (-92.9%)
Net Asset Value	Assets	₹11.75	9%	Under (+319.6%)
Dividend Discount	Dividends	₹0.55	11%	Over (-80.4%)
Earnings Yield	Earnings	₹0.20	9%	Over (-92.9%)
ROCE Capital	Returns	₹1.00	9%	Over (-64.3%)
Revenue Multiple	Revenue	₹0.76	7%	Over (-72.9%)
Consensus (8 models)		₹2.03	100%	Overvalued

Key Drivers: EPS CAGR 31.5% lifts DCF — verify sustainability. | ROE 0.7% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 31.5% · Defaults: P/E=15

*Investments are subject to market risks

Analyst Summary

Bright Solar Ltd operates in the Pumps segment, current market price is ₹2.80, market cap is 7.00 Cr.. At a glance, ROE is 0.68 %, ROCE is 0.03 %, book value is 11.8, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹2.03, around 27.5% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹2 Cr versus the prior period change of -80.1%, while latest net profit is about ₹0 Cr with a prior-period change of 101.0%. The 52-week range shown on this page is /, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisBright Solar Ltd. is a Public Limited Listed company incorporated on 23/04/2010 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L51109GJ…

This summary is generated from the stock page data available for Bright Solar Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Bright Solar Ltd scores 50/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health54/100 · Moderate

ROCE 0.0% WeakROE 0.7% WeakD/E 0.01 Low debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed

Smart Money50/100 · Moderate

Promoter holding at 0.2% Stable

Earnings Quality55/100 · Moderate

OPM expanding (-50% → -24%) ImprovingWorking capital: 1,823 days Capital intensive

Quarterly Momentum60/100 · Moderate

Revenue (4Q): +35% YoY AcceleratingOPM: -4.2% (down 5.8% YoY) Margin pressure

Industry Rank20/100 · Weak

ROCE 0.0% vs industry 22.5% Below peersROE 0.7% vs industry 16.8% Below peers3Y sales CAGR: -36% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: March 23, 2026, 2:14 am

Market Cap	7.00 Cr.
Current Price	2.80
Intrinsic Value	₹2.03
High / Low	/
Stock P/E
Book Value	11.8
Dividend Yield	0.00 %
ROCE	0.03 %
ROE	0.68 %
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

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Hawa Engineers Ltd	31.7 Cr.	89.9	159/63.4	14.2	59.2	0.00 %	14.6 %	8.41 %	10.0
Shakti Pumps (India) Ltd	6,728 Cr.	545	1,049/456	20.4	132	0.18 %	55.3 %	42.6 %	10.0
Latteys Industries Ltd	125 Cr.	21.8	37.0/15.8	46.1	3.75	0.00 %	12.9 %	9.35 %	2.00
Bright Solar Ltd	7.00 Cr.	2.80	/		11.8	0.00 %	0.03 %	0.68 %	10.0
Kirloskar Brothers Ltd	13,063 Cr.	1,645	2,476/1,333	31.6	278	0.43 %	27.6 %	21.6 %	2.00
Industry Average	9,206.00 Cr	546.08		34.16	96.88	0.18%	22.49%	16.82%	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	Mar 2025
Sales	3.27	20.20	13.99	10.54	1.49	5.70	4.52	19.06	0.52	9.02	1.43
Expenses	2.61	19.46	13.39	10.61	4.11	10.30	4.45	19.15	1.05	12.08	1.49
Operating Profit	0.66	0.74	0.60	-0.07	-2.62	-4.60	0.07	-0.09	-0.53	-3.06	-0.06
OPM %	20.18%	3.66%	4.29%	-0.66%	-175.84%	-80.70%	1.55%	-0.47%	-101.92%	-33.92%	-4.20%
Other Income	0.05	0.12	0.05	0.21	0.05	0.25	0.50	-0.05	-2.51	0.20	0.21
Interest	0.04	0.04	0.04	0.06	0.01	0.05	0.02	0.02	0.02	0.01	0.01
Depreciation	0.21	0.22	0.20	0.20	0.19	0.21	0.16	0.16	0.04	0.03	0.01
Profit before tax	0.46	0.60	0.41	-0.12	-2.77	-4.61	0.39	-0.32	-3.10	-2.90	0.13
Tax %	28.26%	70.00%	26.83%	0.00%	0.00%	0.00%	23.08%	-25.00%	0.00%	0.00%	76.92%
Net Profit	0.34	0.18	0.30	-0.12	-2.77	-4.61	0.30	-0.24	-3.10	-2.90	0.02
EPS in Rs	0.14	0.07	0.12	-0.05	-1.11	-1.85	0.12	-0.10	-1.24	-1.16	0.01

Last Updated: August 1, 2025, 11:05 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 25, 2026, 2:00 am

Metric	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	1.48	47.76	14.99	18.03	39.58	57.41	23.40	24.39	7.19	23.58	9.54	1.90	1.69
Expenses	1.45	44.45	13.71	14.99	29.89	53.32	21.99	23.66	14.40	23.60	13.11	2.10	1.90
Operating Profit	0.03	3.31	1.28	3.04	9.69	4.09	1.41	0.73	-7.21	-0.02	-3.57	-0.20	-0.21
OPM %	2.03%	6.93%	8.54%	16.86%	24.48%	7.12%	6.03%	2.99%	-100.28%	-0.08%	-37.42%	-10.53%	-12.43%
Other Income	0.00	0.05	0.44	0.10	0.30	0.43	0.17	0.26	0.30	0.45	-2.32	0.40	0.27
Interest	0.00	0.28	0.60	0.53	0.33	0.08	0.09	0.30	0.06	0.04	0.03	0.01	0.02
Depreciation	0.00	0.11	0.08	0.06	0.11	0.42	0.42	0.40	0.40	0.32	0.07	0.03	0.02
Profit before tax	0.03	2.97	1.04	2.55	9.55	4.02	1.07	0.29	-7.37	0.07	-5.99	0.16	0.02
Tax %	33.33%	34.01%	32.69%	33.33%	35.08%	41.79%	51.40%	37.93%	0.00%	14.29%	0.00%	62.50%
Net Profit	0.02	1.97	0.71	1.71	6.20	2.34	0.52	0.18	-7.37	0.05	-6.00	0.06	-0.09
EPS in Rs		15.15	3.94	9.50	3.39	0.94	0.21	0.07	-2.96	0.02	-2.40	0.02	-0.03
Dividend Payout %	0.00%	6.73%	21.13%	0.00%	2.42%	8.72%	39.23%	11.33%	0.00%	0.00%	0.00%	0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-63.96%	140.85%	262.57%	-62.26%	-77.78%	-65.38%	-4194.44%	100.68%	-12100.00%	101.00%
Change in YoY Net Profit Growth (%)	0.00%	204.80%	121.73%	-324.83%	-15.52%	12.39%	-4129.06%	4295.12%	-12200.68%	12201.00%

Bright Solar Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	-28%
5 Years:	-39%
3 Years:	-36%
TTM:	-80%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	26%
TTM:	100%

Stock Price CAGR
10 Years:	%
5 Years:	-19%
3 Years:	-20%
1 Year:	-65%

Return on Equity
10 Years:	0%
5 Years:	-7%
3 Years:	-4%
Last Year:	0%

Last Updated: September 5, 2025, 1:20 am

Balance Sheet

Last Updated: April 13, 2026, 5:00 am

Month	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	0.01	1.06	1.50	1.50	15.00	20.40	20.40	20.40	20.40	20.40	25.00	25.00	25.00
Reserves	0.03	3.06	7.16	8.69	1.39	17.53	17.80	17.77	10.37	10.43	4.43	4.49	4.38
Borrowings	1.24	6.16	3.34	2.67	1.41	0.48	0.70	0.51	3.62	1.83	0.97	0.97	0.97
Other Liabilities	2.05	28.64	10.12	19.78	11.98	12.31	14.47	11.69	6.51	14.70	6.67	7.13	7.01
Total Liabilities	3.33	38.92	22.12	32.64	29.78	50.72	53.37	50.37	40.90	47.36	37.07	37.59	37.36
Fixed Assets	0.01	0.27	0.20	0.15	0.39	0.69	4.46	4.35	4.42	4.30	0.38	0.11	0.10
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	0.00
Investments	0.00	0.13	0.85	0.00	0.00	0.00	0.23	0.28	0.94	0.72	0.49	0.48	0.48
Other Assets	3.32	38.52	21.07	32.49	29.39	50.03	48.68	45.74	35.54	42.34	36.20	37.00	36.78
Total Assets	3.33	38.92	22.12	32.64	29.78	50.72	53.37	50.37	40.90	47.36	37.07	37.59	37.36

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	0.00	-4.66	3.01	1.24	5.93	-11.59	1.95	0.14	1.02	-7.63	-5.20	-1.29
Cash from Investing Activity +	0.00	0.05	-0.63	0.00	-7.55	-6.76	-0.45	-0.86	-1.23	7.53	2.01	-0.06
Cash from Financing Activity +	0.00	4.62	-0.64	-0.76	0.22	18.09	-0.08	-0.42	0.11	-0.15	4.49	0.09
Net Cash Flow	0.00	0.01	1.74	0.48	-1.40	-0.25	1.42	-1.15	-0.10	-0.24	1.31	-1.27
Free Cash Flow	0.00	-4.65	2.99	1.24	5.67	-12.02	-1.96	0.13	0.85	-7.62	-3.89	-0.89
CFO/OP	0%	-134%	263%	51%	86%	-231%	225%	115%	-17%	37,500%	146%	645%

Free Cash Flow

Month	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-1.21	-2.85	-2.06	0.37	8.28	3.61	0.71	0.22	-10.83	-1.85	-4.54	-1.17

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 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	231.82	273.22	118.34	300.42	120.71	68.16	305.57	135.73	321.34	194.73	379.16	2,122.76
Inventory Days		8.78	23.95	0.00	41.46				110.56		145.79	137.66
Days Payable		217.70	133.88		116.88				140.35		346.39	696.63
Cash Conversion Cycle	231.82	64.29	8.41	300.42	45.29	68.16	305.57	135.73	291.56	194.73	178.56	1,563.79
Working Capital Days	293.48	58.08	203.56	89.48	47.49	121.69	281.39	272.81	513.23	279.25	753.72	1,823.08
ROCE %	4.11%		14.72%	24.78%	64.38%	14.59%	3.00%	1.52%	-20.01%	0.33%	-10.91%	0.03%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Apr 2023	Sep 2023	Dec 2023	Sep 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	62.24%	24.73%	0.24%	0.24%	0.24%	0.20%	0.20%	0.20%	0.20%	0.20%	0.20%	0.20%
Government	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.01%
Public	37.76%	75.28%	99.77%	99.76%	99.76%	99.79%	99.80%	99.80%	99.80%	99.79%	99.79%	99.79%
No. of Shareholders	643	1,702	3,140	3,006	2,716	2,688	3,303	3,303	4,048	3,957	3,957	3,955

Shareholding Pattern Chart

No. of Shareholders

Bright Solar Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	0.02	-2.42	0.03	-3.61	0.09
Diluted EPS (Rs.)	0.02	-2.42	0.03	-3.61	0.09
Cash EPS (Rs.)	0.03	-2.37	0.18	-3.42	0.28
Book Value[Excl.RevalReserv]/Share (Rs.)	11.80	11.77	15.11	15.08	18.71
Book Value[Incl.RevalReserv]/Share (Rs.)	11.80	11.77	15.11	15.08	18.71
Dividend / Share (Rs.)	0.00	0.00	0.00	0.00	0.01
Revenue From Operations / Share (Rs.)	0.76	3.82	11.56	3.52	12.02
PBDIT / Share (Rs.)	0.01	-1.34	0.21	-3.39	0.38
PBIT / Share (Rs.)	0.00	-1.37	0.05	-3.58	0.18
PBT / Share (Rs.)	0.00	-2.40	0.03	-3.62	0.13
Net Profit / Share (Rs.)	0.02	-2.40	0.02	-3.61	0.08
PBDIT Margin (%)	1.98	-35.18	1.81	-96.17	3.21
PBIT Margin (%)	0.29	-35.96	0.44	-101.74	1.56
PBT Margin (%)	-0.35	-62.86	0.27	-102.62	1.16
Net Profit Margin (%)	3.10	-62.86	0.22	-102.61	0.71
Return on Networth / Equity (%)	0.20	-20.38	0.17	-23.96	0.46
Return on Capital Employeed (%)	0.01	-11.51	0.33	-23.34	0.99
Return On Assets (%)	0.15	-16.17	0.11	-18.02	0.34
Long Term Debt / Equity (X)	0.03	0.01	0.01	0.01	0.01
Total Debt / Equity (X)	0.03	0.02	0.05	0.11	0.01
Asset Turnover Ratio (%)	0.05	0.22	0.53	0.15	0.47
Current Ratio (X)	2.68	4.21	2.26	2.36	2.79
Quick Ratio (X)	2.59	4.02	1.96	2.13	2.00
Dividend Payout Ratio (NP) (%)	0.00	0.00	0.00	0.00	115.72
Dividend Payout Ratio (CP) (%)	0.00	0.00	0.00	0.00	35.15
Earning Retention Ratio (%)	0.00	0.00	0.00	0.00	-15.72
Cash Earning Retention Ratio (%)	0.00	0.00	0.00	0.00	64.85
Interest Coverage Ratio (X)	3.03	-116.18	10.74	-110.17	7.92
Interest Coverage Ratio (Post Tax) (X)	-7.45	-118.73	2.35	-116.54	2.77
Enterprise Value (Cr.)	0.00	17.34	10.88	12.24	21.15
EV / Net Operating Revenue (X)	0.00	1.82	0.46	1.70	0.86
EV / EBITDA (X)	0.00	-5.16	25.39	-1.77	26.82
MarketCap / Net Operating Revenue (X)	0.00	2.14	0.48	1.60	0.96
Retention Ratios (%)	0.00	0.00	0.00	0.00	-15.72
Price / BV (X)	0.00	0.69	0.36	0.37	0.62
Price / Net Operating Revenue (X)	0.00	2.14	0.48	1.60	0.96
EarningsYield	0.00	-0.29	0.00	-0.63	0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Bright Solar Ltd. is a Public Limited Listed company incorporated on 23/04/2010 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L51109GJ2010PLC060377 and registration number is 060377. Currently Company is involved in the business activities of Electric power generation using solar energy. Company's Total Operating Revenue is Rs. 1.90 Cr. and Equity Capital is Rs. 25.00 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Pumps	C-602, Titanium Square, Thaltej Circle, Ahmedabad Gujarat 380059	Contact not found

Management
Name	Position Held
Mr. Piyushkumar Babubhai Thumar	Chairman & Managing Director
Mr. Ajay Raj Singh	Whole Time Executive Director
Mrs. Jagrutiben Joshi	Non Executive Director

FAQ

What is the intrinsic value of Bright Solar Ltd and is it undervalued?

As of 30 April 2026, Bright Solar Ltd's intrinsic value is ₹2.03, which is 27.50% lower than the current market price of ₹2.80, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (0.68 %), book value (₹11.8), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Bright Solar Ltd?

Bright Solar Ltd is trading at ₹2.80 as of 30 April 2026, with a FY2026-2027 high of ₹ and low of ₹. Market cap stands at ₹7.00 Cr..

How does Bright Solar Ltd's P/E ratio compare to its industry?

Bright Solar Ltd has a P/E ratio of , which is below the industry average of 34.16. This is broadly in line with or below the industry average.

Is Bright Solar Ltd financially healthy?

Key indicators for Bright Solar Ltd: ROCE of 0.03 % is on the lower side compared to the industry average of 22.49%; ROE of 0.68 % is below ideal levels (industry average: 16.82%). Dividend yield is 0.00 %.

Is Bright Solar Ltd profitable and how is the profit trend?

Bright Solar Ltd reported a net profit of ₹0 Cr in Mar 2025 on revenue of ₹2 Cr. Compared to ₹-7 Cr in Mar 2022, the net profit shows an improving trend.

Does Bright Solar Ltd pay dividends?

Bright Solar Ltd has a dividend yield of 0.00 % at the current price of ₹2.80. The company is currently not paying meaningful dividends.