Australian Premium Solar (India) Limited, incorporated in 2013, is a recognized leader in the solar industry. The company specializes in the manufacturing of monocrystalline and polycrystalline solar panel modules and provides comprehensive engineering, procurement, and construction (EPC) services. These services cater to a diverse range of applications, including residential, agricultural, and commercial sectors.
Originally established as "Australian Solar Panel (India) Private Limited" on May 23, 2013, the company underwent several strategic name changes, ultimately becoming "Australian Premium Solar (India) Limited" on August 03, 2023. Based in Sabarkantha, India, the company has positioned itself as a key player in India's rapidly expanding renewable energy landscape.
Australian Premium Solar operates primarily in two interconnected segments of the solar energy market: manufacturing and services.
The company manufactures two main types of high-quality solar panels:
* Monocrystalline Solar Panels: These panels utilize highly efficient solar cells with a darker, uniform appearance. Their monocrystalline structure allows for strategic placement of busbars without significantly impacting aesthetics.
* Polycrystalline Solar Panels: Characterized by a blue or speckled appearance due to their multiple crystal structures, these cells require busbars to be positioned to accommodate their less uniform look.
Beyond manufacturing, Australian Premium Solar offers comprehensive installation services. This includes:
* Solar Panel Installation: Services for both household and industrial end-users.
* Solar Pump Installation: Specialized services for agricultural end-users, facilitating the supply and installation of their manufactured solar panels along with solar pumps.
The company boasts an annual manufacturing capacity of 500 MW for solar panels. It serves residential, commercial, and industrial sectors across India and also exports to key international markets, actively promoting sustainable energy solutions.
Australian Premium Solar has established a strong market presence across various segments of the solar energy sector. As of August 31, 2023, the company had served over 10,000 customers for solar module installations. This includes more than 9,500 rooftop installations for residential use and over 1,300 solar pump installations for agricultural purposes. This diverse customer base underscores the company's broad reach and expertise.
The company has demonstrated robust financial performance and maintains a healthy financial position.
* Market Capitalization: ₹1,089.28 crore (as of July 11, 2025)
* Revenue: ₹433 crore
* Profit: ₹38.8 crore
* Q4 FY25 Net Profit: ₹15.30 crore (jumped 893.51% year-over-year)
* Quarterly Net Profit Growth: 33.98%
* Annual Revenue Growth: 193% (outstanding)
* Pre-tax Margin: 12% (healthy)
* Return on Equity (ROE): 45% (exceptional)
* 5-Year CAGR Profit Growth: 99.8%
* Debt Status: Almost debt-free with a reasonable debt-to-equity ratio of 9%, signaling a strong balance sheet.
* P/E Ratio: 24.08 times (as on May 22, 2025), representing a 23% discount to its peers' median range of 31.09 times.
* Price-to-Book Value: 12.4 times
* Promoter Holding: 73.0%
* 52-Week High: ₹669.9
* 52-Week Low: ₹140
The company has successfully secured significant orders, further solidifying its market position and contribution to India's renewable energy sector. In April 2025, Australian Premium Solar was awarded a ₹10.77 crore order for 633 solar water pumping systems from TREDA (Telangana Renewable Energy Development Corporation Limited), enhancing its role in vital national energy initiatives.
Australian Premium Solar's Initial Public Offering (IPO) saw strong investor interest. Bidding took place from January 11, 2024, to January 15, 2024, with allotment finalized on January 16, 2024. The shares were listed on the NSE SME exchange on January 18, 2024, at an IPO price band of ₹54 per share. Since its listing in January 2024, the stock has demonstrated robust market performance, rising by 215%.
Australian Premium Solar is strategically positioned within India's rapidly growing renewable energy sector. The company has showcased impressive growth, with sales surging by 64% and net profits increasing by 143% over the past three years. Aligning with India's ambitious green agenda, the company is actively expanding its capacity, including establishing a new facility for advanced TOPCon solar panels.
The company's dual focus on both manufacturing high-quality solar panels and providing comprehensive EPC services positions it advantageously to capitalize on India's ambitious renewable energy targets and the increasing demand for solar solutions across residential, commercial, and agricultural sectors. Its commitment to innovation and expansion indicates a promising future in the sustainable energy landscape.
