AUSR—56

Australian Premium Solar (India) Ltd

Renewable Energy Equipment & ServicesVerified

Score breakdown

Profitability+35Sentiment+30Risk penalty-3Missing signals-3

Quality breakdown

Key fields100Profile38Conclusion93AI synthesis40Observations3

Australian Premium Solar (India) Ltd maintains a conservative capital structure, with a debt-to-equity ratio of 0.1 and a current ratio of 1.6, indicating strong short-term liquidity [doc:HA-latest]. Free cash flow of INR 290.89 million and operating cash flow of INR 244.00 million support operational flexibility, though capital expenditures of INR -149.94 million suggest ongoing investment in production capacity [doc:HA-latest]. Profitability metrics are robust, with a return on equity of 45.48% and return on assets of 18.96%, outperforming the industry median for renewable energy equipment and services [doc:HA-latest]. Gross profit of INR 890.16 million and operating income of INR 525.63 million reflect efficient cost management and pricing power in its core solar manufacturing and EPC services [doc:HA-latest]. The company’s revenue is derived from solar PV modules, grid-tied inverters, and solar water pumps, with a focus on residential, commercial, and agricultural customers. Geographic exposure is concentrated in India, with no disclosed international revenue streams [doc:HA-latest]. Revenue growth is projected to accelerate, with a current FY outlook of +12.5% and a next FY outlook of +18.0%, driven by increased demand for rooftop solar and government incentives for renewable energy adoption [doc:HA-latest]. Risk factors include medium liquidity risk due to negative net cash after subtracting total debt, and potential dilution from future capital raises, though the current dilution risk is assessed as low [doc:HA-latest]. Recent filings and transcripts highlight the company’s expansion into solar pump installations and its procurement strategy for third-party solar pumps to meet client demand [doc:HA-latest].

Profile

CompanyAustralian Premium Solar (India) Ltd

TickerAUSR.NS

SectorEnergy

BusinessRenewable Energy

Industry groupRenewable Energy

IndustryRenewable Energy Equipment & Services

AI analysis

Business. Australian Premium Solar (India) Ltd is a solar manufacturer engaged in the production of monocrystalline and polycrystalline solar panels and the provision of engineering, procurement, and construction (EPC) services for residential, commercial, and agricultural solar installations [doc:HA-latest].

Classification. The company is classified under the Energy economic sector, Renewable Energy business sector, and Renewable Energy Equipment & Services industry, with a confidence level of 0.92 [doc:verified market data].

Key takeaways

Strong profitability with ROE of 45.48% and ROA of 18.96% [doc:HA-latest].
Conservative leverage with a debt-to-equity ratio of 0.1 [doc:HA-latest].
Revenue growth is expected to accelerate in the next fiscal year [doc:HA-latest].
Geographic and product concentration in India and solar modules poses diversification risk [doc:HA-latest].
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Financial snapshot

PeriodHA-latest

CurrencyINR

Revenue$4.39B

Gross profit$890.2M

Operating income$525.6M

Net income$400.9M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow$244.0M

CapEx-$149.9M

Free cash flow$290.9M

Total assets$2.12B

Total liabilities$1.23B

Total equity$881.5M

Cash & equivalents—

Long-term debt$84.3M

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY0$4.39B$525.6M$400.9M$290.9M

FY-1$1.50B$78.7M$61.5M-$60.8M

FY-2$945.6M$43.3M$33.3M$30.6M

FY-3$981.2M$36.8M$27.0M$40.7M

FY-4$741.6M$23.5M$18.0M-$14.2M

PeriodGross %Op %Net %FCF %

FY0————

FY-1————

FY-2————

FY-3————

FY-4————

PeriodAssetsEquityCashDebt

FY0$2.12B$881.5M——

FY-1$803.8M$480.8M——

FY-2$391.9M$144.7M——

FY-3$346.8M$111.3M——

FY-4$350.2M$84.7M——

PeriodOCFCapExFCFSBC

FY0$244.0M-$149.9M$290.9M—

FY-1-$53.4M-$137.0M-$60.8M—

FY-2$25.3M-$15.7M$30.6M—

FY-3$26.7M-$435.0k$40.7M—

FY-4$50.4M-$43.5M-$14.2M—

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

FQ0————

FQ-1$1.53B$201.2M$147.0M$118.8M

FQ-2————

FQ-3$1.21B$153.8M$114.2M$27.7M

FQ-4————

FQ-5$818.8M$86.2M$65.4M—

FQ-6————

FQ-7————

PeriodGross %Op %Net %FCF %

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4————

FQ-5————

FQ-6————

FQ-7————

PeriodAssetsEquityCashDebt

FQ0————

FQ-1$2.24B$1.04B$260.7M—

FQ-2————

FQ-3$1.60B$725.8M$417.0M—

FQ-4————

FQ-5————

FQ-6————

FQ-7————

PeriodOCFCapExFCFSBC

FQ0————

FQ-1-$130.3M-$39.0M$118.8M—

FQ-2————

FQ-3$341.2M-$121.2M$27.7M—

FQ-4————

FQ-5————

FQ-6————

FQ-7————

Valuation

Market price—

Market cap—

Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$881.5M

Net cash-$84.3M

Current ratio1.6

Debt/Equity0.1

ROA19.0%

ROE45.5%

Cash conversion61.0%

CapEx/Revenue-3.4%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Renewable Energy · cohort 101 companies

MetricAUSRActivity

Op margin12.0%1.8% medp25 -60.1% · p75 10.9%top quartile

Net margin9.1%-2.0% medp25 -67.9% · p75 7.0%top quartile

Gross margin20.3%19.3% medp25 8.0% · p75 34.7%above median

CapEx / revenue-3.4%-6.2% medp25 -22.7% · p75 -1.3%above median

Debt / equity10.0%25.9% medp25 4.3% · p75 71.5%below median

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

Company fundamentalsperiod FQ-7 · history via verified-market-data

no public URL

2026-05-04 01:08 UTC#10d9afd7

Source: analysis-pipeline (hybrid)Generated: 2026-05-04 01:09 UTCJob: 6a6bd6c2