Surana Solar Share Price

Surana Solar Limited, with its corporate operations in Hyderabad, functions as a renewable energy company in India. The company manufactures solar photovoltaic modules and provides engineering, procurement, and construction services for solar power projects . Surana Solar has a substantial reach with manufacturing units at Cherlapally and Fabcity in Hyderabad . The company also operates grid-connected solar power plants in Gujarat and Telangana .

Surana Solar share price on NSE and BSE signifies how market participants react to the company’s operational performance and the overall developments in the renewable energy sector. The company’s financial health depends on factors like solar module manufacturing volumes, EPC project wins, power generation from its solar plants, and the company’s ability to manage operational costs. Surana Solar stock price gets influenced by various factors such as earnings reports, changes in government policies regarding solar power, and trends in domestic and international demand for renewable energy. In the longer run, strategies such as capacity expansion, new solar plant installations, and EPC contract wins affect the stock market sentiments. All these factors need monitoring to have an idea about the company’s stock price movements.

Surana Solar live share price provides real-time information about the last price traded, bid and ask prices, and volume traded. These indicators represent market activity and liquidity, reflecting investor response to corporate announcements, economic conditions, and sector news. Constant monitoring of the Surana Solar stock price movements helps in observing short term price volatility and shows how a stock moves relative to the broader renewable energy index. Furthermore, monitoring Surana Solar live price helps investors understand real-time market sentiment, price fluctuations, and trading behaviour. It allows them to evaluate short-term performance and respond to news, quarterly results, or sector trends that may influence the company’s valuation.

Surana Solar Limited Company Fundamentals

(A) Company Background

Surana Solar Limited was incorporated in 2006 as Surana Ventures Limited and later renamed Surana Solar Limited following its strategic focus on solar energy-related businesses. The company is headquartered in Cherlapally, Hyderabad, Telangana. It is engaged in the manufacturing of solar photovoltaic modules and development of solar power projects. The company operates through solar module manufacturing facilities and solar power generation assets located in India. Over time, it has expanded its capabilities into solar EPC services and renewable energy generation. The company is listed on Indian stock exchanges, including the BSE and NSE.

(B) Company Product Lines

• Solar Photovoltaic Modules
  Manufacturing of solar PV modules including mono and polycrystalline modules, and newer generation high-efficiency modules used in utility-scale and rooftop solar projects.

• Solar EPC and Project Development
  Execution of turnkey solar power projects including engineering, procurement, construction, and commissioning of grid-connected and off-grid solar installations.

• Solar Power Generation Assets
  Ownership and operation of solar power plants supplying electricity under long-term power purchase agreements (PPAs) with state utilities and other off-takers.

• Solar Lighting and Small Solar Systems
  Supply of solar lanterns, street lighting systems, and small-scale solar solutions for rural and semi-urban applications.

(C) Company Revenue Model

• Revenue is generated from manufacturing and sale of solar PV modules to EPC contractors, developers, and industrial customers.

• Additional revenue comes from EPC contracts for solar project execution.

• The company earns recurring revenue from power generation through its operational solar plants under long-term PPAs.

• Revenue structure includes both product-based income (module sales) and service/asset-based income (EPC and power generation).

• Financial performance is influenced by solar module demand, project execution cycles, and renewable energy policy frameworks in India.

(D) Geographic Presence

• Headquarters: Cherlapally, Hyderabad, Telangana, India

• Manufacturing Presence:

• • Hyderabad, Telangana (solar PV module manufacturing facility)

• Solar Project Presence (India):

• • Solar power plants located across multiple Indian states including Telangana and other regions where projects have been developed and commissioned over time

• Domestic Market:

• • Supply and execution presence across India through EPC projects and module sales

• International Presence:

• • Limited export activity of solar modules to select international markets depending on demand and project contracts

(E) Key Milestones

• 2006: Incorporated as Surana Ventures Limited.

• 2010: Solar business operations consolidated under the company following restructuring.

• 2011: Listed on Indian stock exchanges (BSE and NSE).

• 2012–2017: Commissioning of multiple solar power projects across India.

• 2017: Renamed Surana Solar Limited.

• 2020s: Expansion in solar module manufacturing and EPC execution capabilities.

• Recent years: Focus on higher-efficiency solar module technologies and expansion of manufacturing capacity in Hyderabad region.

(F) Industry Perspective

India’s solar energy sector is driven by national renewable energy targets, policy support mechanisms such as solar park development, competitive bidding for utility-scale projects, and domestic manufacturing incentives. The sector has seen increasing adoption of higher-efficiency technologies such as mono PERC and TOPCon modules, along with growing integration of battery storage in selected projects. Government policies including the Production Linked Incentive (PLI) scheme and Approved List of Models and Manufacturers (ALMM) framework have supported domestic manufacturing growth and reduced import dependency. The sector remains highly competitive and capital intensive, with performance influenced by raw material costs, module pricing trends, and execution timelines for solar projects. Within this environment, Surana Solar Limited operates as an integrated solar manufacturing and power generation company with exposure to both project execution and asset-based revenue streams. 

Surana Solar Stock Market Presence: Listings & Index Representation

Surana Solar Limited is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Surana Solar share price is available for trading on the NSE under the symbol SURANASOL and on the BSE with the scrip code 533298 . The company’s market presence is primarily within the small-cap segment of the market . Due to its size and sector focus, Surana Solar stock price is generally tracked by investors interested in the renewable energy and solar products industry.

Surana Solar is part of several broad-based and sector-specific stock market indices, reflecting its position as a small-cap renewable energy company in India. Surana Solar share price is a constituent of wider market indices such as the BSE SmallCap and BSE AllCap indices. In addition, the company is included in multiple BSE indices which capture companies across small and mid-cap segments.

Surana Solar Stock Performance and Share Price History

Surana Solar share price on NSE reflects its status as a solar PV module manufacturer and EPC service provider in India. Performance gets driven by factors like solar module production volumes, EPC project execution, power generation from solar plants, and the company’s ability to manage operational costs effectively. Investors compare Surana Solar share price today with other renewable energy companies to gauge relative performance within the sector.

These underlying factors often appear through real market movements across different periods. Broader sector strength has played a role in supporting Surana Solar share price. In addition to operational and sector-led factors, corporate actions such as the merger of Surana Telecom’s solar undertaking into the company can also have a significant impact on Surana Solar share price movements. This shows how corporate actions can trigger short-term swings, even within a competitive renewable energy framework influenced by government policies and solar module price cycles.

While short-term movements reflect events and announcements, longer-term valuation trends become visible through Surana Solar share price 52-week high and low, providing context beyond daily or weekly changes. Highs indicate strong module demand and stable margins, while lows align with market corrections or sector volatility. These levels capture the impacts of government policies, solar tariff trends, and earnings visibility, providing context for the stock’s historical performance.

Surana Solar stock performance reflects the trading behaviour of a small-cap renewable energy company operating within India’s competitive solar industry. The company’s operations across solar module manufacturing, EPC services, and power generation have shaped its Surana Solar share price history. Over time, the stock has shown periods of growth and phases of consolidation. The company was incorporated in 2006 and was formerly known as Surana Ventures Limited.

Surana Solar stock performance over time has closely followed India’s solar power adoption cycles and government renewable energy policies. The company operates manufacturing units with an installed capacity at Cherlapally and at Fabcity for solar photovoltaic modules . Over longer investment horizons, the stock has delivered mixed returns, with a five-year return showing positive growth but one-year returns showing significant decline. The stock reached a 52-week high at a certain level and a 52-week low at a different level, reflecting the volatility inherent in the solar manufacturing business .

Despite COVID-19 disruptions, Surana Solar shares showed resilience during certain periods. While the broader economy faced challenges with lockdowns and supply chain disruptions, the company’s focus on renewable energy as a priority sector helped the stock maintain operations. The company’s manufacturing facilities continued to operate with necessary approvals during lockdowns.

Surana Solar share price has seen decreases due to several recurring reasons. A decline in solar module sales or a slowdown in EPC project wins directly impacts revenue and leads to selling pressure. Changes in government policy, such as alterations in solar import duties or changes in renewable purchase obligations, can also cause the stock to fall. Furthermore, any increase in operational costs like raw material procurement costs for solar cells without a matching rise in module prices squeezes the company’s margins, making the stock less attractive. Periods of economic slowdown that reduce renewable energy investments raise concerns about order volumes, leading to a drop in Surana Solar share price. The stock is also sensitive to competitive intensity in the solar module manufacturing space; if larger players gain market share through aggressive pricing, it can lead to a decrease in Surana Solar stock price as investors adjust expectations for future profitability . Broader market sell-offs in small-cap renewable energy stocks also pull the price down, regardless of the company’s individual performance. The company’s total income for the financial year 2025 decreased significantly compared to the previous year, with net sales dropping to over thirty eight crore rupees from over ninety four crore rupees . This decline directly affected market sentiment and contributed to a decrease in Surana Solar share price. A decrease in EPC revenue or lower power generation from solar plants directly hurts the company’s revenue, resulting in a lower valuation for Surana Solar share price .

Surana Solar Investor Relevance and Role in Portfolio

Surana Solar is a holding in renewable energy and small-cap portfolios, offering exposure to solar PV module manufacturing, EPC services, and solar power generation. Inclusion in small-cap indices underscores its importance in India’s solar energy space. The company’s integrated operations across module manufacturing and power generation make it a consideration for long-term allocations.

Surana Solar equity is held by a broad mix of promoters and public shareholders, reflecting its standing in India’s renewable energy sector. Promoter holding remains stable at around forty three point seven percent . Other institutional investors include foreign institutional investors and domestic institutional investors, with the remaining shares held by public investors . This broad investor base with institutional participation underscores the company’s role as a holding in both domestic and global portfolios focused on renewable energy.

Beyond fundamentals and ownership, Surana Solar share price is actively monitored by market participants. The stock is available for trading in the futures and options segment on the NSE, allowing investors to take positions based on their outlook for the renewable energy sector. Market participants watch derivative indicators such as open interest and rollover patterns to gauge sentiment around quarterly results and policy announcements.

Technical indicators such as RSI, MACD, and MFI provide additional insight into short-term momentum shifts in the company’s stock price. While these indicators are primarily used for near-term trading decisions, they also help investors and portfolio managers understand broader market sentiment and anticipate potential volatility, especially around key events or announcements.

Surana Solar stock price has exhibited certain volatility patterns. Surana Solar beta has generally remained at levels reflecting its position as a small-cap renewable energy stock with limited institutional participation and business fundamentals tied to solar industry cycles. The beta has been observed around negative values, indicating varying sensitivity to broader market movements. Over shorter timeframes, the stock has shown relatively moderate volatility. During the three-month period, this sensitivity appears more balanced, suggesting a stable trading pattern. Across longer durations, the beta trends in a manner indicating correlation with overall market fluctuations. This behaviour is typical for companies in the solar manufacturing sector with exposure to technology and policy cycles. Overall, these variations across different timeframes highlight that while Surana Solar may experience short-term fluctuations, its longer-term volatility remains characteristic of a small-cap renewable energy stock.

Surana Solar Sectoral Relevance and Peer Positioning

Surana Solar sector relevance stems from its scale in solar PV module manufacturing and its presence across EPC services and solar power generation segments. Peer comparisons with companies like ABB, Siemens, CG Power and Industrial Solutions, Bharat Heavy Electricals, and Siemens Energy focus on manufacturing capacity, EPC project execution, and geographical presence rather than short-term stock moves. These benchmarks help investors assess operational scale, efficiency, and regulatory adherence. Institutional tracking of government solar policies, import duty structures, and renewable energy targets further highlights Surana Solar positioning within India’s broader solar manufacturing market.

Surana Solar market cap history shows the company’s position within the renewable energy sector. Since its incorporation in 2006, the market capitalization has grown as the company established its solar module manufacturing operations . The company’s focus on EPC services and its own solar power generation contributed to a re-evaluation by the market. This transition from a pure module manufacturer to an integrated solar company has been a key factor in how the company’s overall valuation has evolved over time. The company currently maintains a market capitalization in the small-cap range .

Surana Solar earnings history demonstrates the impact of its strategic business decisions and external market conditions. For the financial year 2025, the company reported a net loss of over zero point zero five crore rupees compared to a net profit of over two point five eight crore rupees in the previous financial year . The company’s total income declined significantly due to lower solar module sales. However, for the quarter ended September 2025, the company reported a net profit of over zero point fifty four crore rupees, showing a turnaround from the annual loss . The company’s operating profit margin stood at over one percent for the financial year 2025 .

Surana Solar EPS provides insight into its operational performance and income generation from solar module sales, EPC services, and power generation. Over the years, earnings per share have shown variation in line with the company’s business cycle and industry conditions. The company reported a basic earnings per share of over zero point eleven rupees for the quarter ended September 2025 . The annual EPS for the financial year 2025 stood at negative zero point zero one rupees . Quarterly performance reflects the ongoing earnings from manufacturing and EPC operations, with the renewable energy segment contributing to the overall per-share earnings picture.

Surana Solar P/E ratio reflects how investors perceive the company’s earnings relative to its business model. The company’s price-to-earnings ratio has been observed at negative values due to the net loss reported for the financial year 2025, with the ratio reported at negative two thousand one hundred ninety four times . This ratio has moved in response to how investors view the company’s prospects in areas like capacity expansion and new solar project installations. The company’s P/E ratio has fluctuated based on earnings performance and market sentiment. These changes highlight how market sentiment has evolved alongside the company’s business transformation and expansion strategy.

Summary

Surana Solar Limited manufactures solar photovoltaic modules and provides EPC services for solar power projects across India. Surana Solar share price on the NSE and BSE reflects trading activity within the renewable energy industry. The company has a notable presence in domestic markets. Surana Solar stock price is influenced by solar module demand, government policies, raw material costs, and broader economic factors. The company’s focus on integrated solar operations remains a key aspect of its business profile.