Recent Price Movement and Market Context
On 5 December 2025, Surana Solar’s share price touched Rs.26.35, the lowest level recorded in the past year. This price point represents a decline of 0.75% on the day, underperforming its sector by 0.84%. The stock has been on a losing streak for three consecutive days, cumulatively returning -4.95% during this period. Notably, the share price is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling persistent bearish momentum.
In contrast, the broader market has shown relative resilience. The Sensex opened lower at 85,125.48 points, down 139.84 points or 0.16%, and was trading marginally lower at 85,226.48 points by midday, a decline of 0.05%. The Sensex remains close to its 52-week high of 86,159.02, just 1.09% away, and is supported by bullish moving averages with the 50-day moving average positioned above the 200-day moving average.
Long-Term Performance Comparison
Surana Solar’s one-year performance shows a return of -48.11%, a stark contrast to the Sensex’s positive return of 4.29% over the same period. The stock’s 52-week high was Rs.54.99, indicating that the current price is less than half of its peak value within the last year. This underperformance extends beyond the short term, with the stock lagging behind the BSE500 index over the last three years, one year, and three months.
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Financial Metrics Reflecting Current Challenges
Surana Solar’s financial data for the nine months ended September 2025 reveals a contraction in net sales, which stood at Rs.7.19 crores, representing a decline of 75.68% compared to the previous period. The company reported a PBDIT (Profit Before Depreciation, Interest and Taxes) of Rs.-2.33 crores in the latest quarter, marking one of the lowest levels recorded. Similarly, the Profit Before Tax excluding other income was Rs.-2.94 crores, indicating continued pressure on profitability.
The company’s earnings before interest and taxes (EBIT) to interest ratio averaged at -1.64, signalling difficulties in servicing debt obligations. Return on Equity (ROE) averaged 1.34%, which points to limited profitability generated from shareholders’ funds. These figures highlight the financial strain Surana Solar is experiencing, contributing to the subdued investor sentiment reflected in the stock price.
Risk Profile and Valuation Considerations
Surana Solar’s stock is considered to carry elevated risk relative to its historical valuation levels. Over the past year, profits have declined by approximately 29%, compounding the negative returns of 48.11% generated by the stock. This combination of falling earnings and share price depreciation underscores the challenges faced by the company in maintaining financial stability and market confidence.
The majority of the company’s shares are held by non-institutional investors, which may influence liquidity and trading dynamics. The heavy electrical equipment sector, in which Surana Solar operates, has seen mixed performance, but the company’s specific metrics have lagged behind sector averages.
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Summary of Key Concerns
The stock’s recent decline to Rs.26.35 marks a continuation of a downward trajectory that has persisted over several months. The combination of weak sales growth, negative earnings before interest and taxes, and a low return on equity has contributed to the subdued market valuation. Trading below all major moving averages further emphasises the current bearish trend.
While the broader market indices maintain a relatively stable position near their highs, Surana Solar’s performance remains distinctly below benchmark levels. The company’s ability to generate consistent profits and service its debt remains under pressure, as reflected in its financial ratios and recent quarterly results.
Conclusion
Surana Solar’s fall to a 52-week low of Rs.26.35 highlights the challenges faced by the company in the current market environment. The stock’s performance over the past year and recent quarters illustrates a period of financial strain and subdued operational outcomes. Investors and market participants will continue to monitor the company’s financial disclosures and market movements as the stock remains under close observation within the heavy electrical equipment sector.
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