Bright Solar

how big is Bright Solar?

As of Jun 05, Bright Solar Ltd has a market capitalization of 7.00 Cr, classifying it as a Micro Cap company. There is no available financial data for the latest four quarters, but as of March 2024, Shareholder's Funds are 29.43 Cr and Total Assets are 37.00 Cr.

Market Cap: As of Jun 05, Bright Solar Ltd has a market capitalization of 7.00 Cr, which classifies it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: There is no valid Consolidated or Standalone financial data available for the latest four quarters, including Net Sales and Net Profit figures.<BR><BR>Balance Sheet Snapshot: This is Standalone data for the reporting period of March 2024. The Shareholder's Funds amount to 29.43 Cr, and the Total Assets are valued at 37.00 Cr.

When is the next results date for Bright Solar?

No Upcoming Board Meetings

Has Bright Solar declared dividend?

No Dividend History Available

Who are the peers of the Bright Solar?

Bright Solar's peers include Cummins India, Elgi Equipments, KSB, and others, with management and growth risks rated below average for Bright Solar. In terms of returns, Bright Solar has a 1-year return of 0.00%, while Shakti Pumps leads at 102.57% and Kirloskar Oil lags at -33.51%.

Peers: The peers of Bright Solar are Cummins India, Elgi Equipments, KSB, Kirl. Brothers, Kirloskar Oil, Ingersoll-Rand, Shakti Pumps, Kirl.Pneumatic, Swaraj Engines, and Greaves Cotton.<BR><BR>Quality Snapshot: Excellent management risk is observed at Cummins India and Ingersoll-Rand, while Good management risk is found at Elgi Equipments, KSB, Kirl. Brothers, Kirloskar Oil, Shakti Pumps, Kirl.Pneumatic, and Swaraj Engines, and the rest. Below Average management risk is attributed to Bright Solar. Excellent growth is seen at Cummins India and Shakti Pumps, while Good growth is noted at Elgi Equipments, KSB, Kirl. Brothers, Kirloskar Oil, Ingersoll-Rand, Kirl.Pneumatic, and the rest. Below Average growth is attributed to Bright Solar. Excellent capital structure is observed at Cummins India, Elgi Equipments, KSB, Kirl. Brothers, Ingersoll-Rand, Shakti Pumps, Kirl.Pneumatic, Swaraj Engines, and the rest, while Below Average capital structure is noted for Kirloskar Oil.<BR><BR>Return Snapshot: Shakti Pumps has the highest 1-year return at 102.57%, while Kirloskar Oil has the lowest at -33.51%. Bright Solar's 1-year return is 0.00%, which is below both extremes. Additionally, Kirloskar Oil, Kirl. Brothers, Ingersoll-Rand, and Greaves Cotton have negative six-month returns.

Is Bright Solar overvalued or undervalued?

As of March 7, 2025, Bright Solar is considered risky and overvalued due to a negative PE ratio of -2.02, an EV to EBITDA of -1.10, and a ROCE of -13.87%, significantly underperforming compared to industry peers and the market.

As of 7 March 2025, Bright Solar's valuation grade has moved from does not qualify to risky, indicating a significant deterioration in its financial outlook. The company is currently assessed as overvalued, given its negative PE ratio of -2.02, an EV to EBITDA of -1.10, and a ROCE of -13.87%. These ratios suggest that Bright Solar is struggling to generate positive returns and is not performing well relative to its peers.<BR><BR>In comparison to its industry peers, Bright Solar's metrics are starkly unfavorable. For instance, ELGI Equipments Ltd. has a PE ratio of 47.88 and an EV to EBITDA of 31.31, while KSB Ltd. shows a PE of 59.09 and an EV to EBITDA of 42.75, both indicating robust valuations. Additionally, Bright Solar's stock has underperformed significantly, with a year-to-date return of -31.71%, contrasting sharply with the Sensex's gain of 6.23% over the same period. This further reinforces the conclusion that Bright Solar is overvalued in its current state.

What is the technical trend for Bright Solar?

As of March 4, 2025, Bright Solar's trend is neutral with a current price of 2.80 at a 52-week low, reflecting a year-to-date decline of 31.71% and a one-year decline of 66.86%, indicating a lack of upward momentum.

As of 4 March 2025, the technical trend for Bright Solar has changed from mildly bearish to does not qualify. The current price is at the 52-week low of 2.80, indicating a lack of upward momentum. The stock has shown significant declines over various time frames, with a year-to-date return of -31.71% and a one-year return of -66.86%. The absence of technical summary data limits further analysis, but the overall stance remains neutral due to the lack of qualifying indicators.

Who are in the management team of Bright Solar?

As of March 2022, the management team of Bright Solar includes Piyushkumar Thumar (Chairman & Managing Director), Jagrutiben Joshi (Director), Ajay Raj Singh (Whole-time Director), and independent directors Viren Rajeshkumar Makwana and Shivangi Bipinchandra Gajjar, along with Company Secretary Ritendrasinh K Rathod.

As of March 2022, the management team of Bright Solar includes:<BR><BR>1. Piyushkumar Thumar - Chairman & Managing Director<BR>2. Jagrutiben Joshi - Director<BR>3. Ajay Raj Singh - Whole-time Director<BR>4. Viren Rajeshkumar Makwana - Independent Director<BR>5. Shivangi Bipinchandra Gajjar - Independent Director<BR>6. Ritendrasinh K Rathod - Company Secretary<BR><BR>These individuals play key roles in the governance and operations of the company.

What does Bright Solar do?

Bright Solar Ltd, a Micro Cap company in the Compressors, Pumps & Diesel Engines industry, was incorporated in 2010 and became public in 2018. It has a market cap of INR 7 Cr, with no recent revenue or profit data available.

Overview:<BR>Bright Solar Ltd operates in the Compressors, Pumps & Diesel Engines industry and is categorized as a Micro Cap company.<BR><BR>History:<BR>Bright Solar Limited was originally incorporated as a private limited company named "Bright Solar Private Limited" in Ahmedabad in 2010. The company transitioned to a public limited company and changed its name to "Bright Solar Limited" on January 29, 2018. Revenue and profit data for the latest quarter are not available.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: N/A<BR>Market-cap value: INR 7 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A<BR>Industry P/E: 13<BR>Dividend Yield: 0.00%<BR>Debt Equity: -0.10<BR>Return on Equity: -11.76%<BR>Price to Book: 0.25<BR><BR>Contact Details:<BR>Address: C-1103 Titanium Square Thaltej, Circle SG Highway Thaltej Ahmedabad Gujarat : 380059<BR>Tel: 91-79-48926868<BR>Website: http://www.brightsolarltd.com

Who are the top shareholders of the Bright Solar?

The top shareholders of Bright Solar are primarily individual investors, holding 91.92% of the shares. The largest promoter, Jogani Kalpesh Kalidas, has a stake of 0.16%, with no institutional holdings or pledged shares.

The top shareholders of Bright Solar primarily consist of individual investors, who hold a significant 91.92% of the company's shares. The promoter with the highest holding is Jogani Kalpesh Kalidas, with a stake of 0.16%. There are no institutional holdings from mutual funds or foreign institutional investors (FIIs), and there are no pledged promoter holdings. Overall, the majority of the ownership is in the hands of non-institutional shareholders.

How has been the historical performance of Bright Solar?

Bright Solar has experienced significant financial decline, with net sales dropping from 57.41 Cr in Mar'19 to 1.90 Cr in Mar'25, and operating profit remaining negative. The company has faced challenges with decreasing revenues, profitability, and negative cash flow from operations in recent years.

Answer:<BR>The historical performance of Bright Solar shows significant fluctuations in its financial metrics over the years.<BR><BR>Breakdown:<BR>Bright Solar's net sales have experienced a notable decline from 57.41 Cr in Mar'19 to just 1.90 Cr in Mar'25, reflecting a downward trend in revenue generation. The total operating income followed a similar pattern, decreasing from 57.41 Cr in Mar'19 to 1.90 Cr in Mar'25. The company's total expenditure, excluding depreciation, also decreased from 53.32 Cr in Mar'19 to 2.11 Cr in Mar'25, indicating a reduction in operational costs. However, the operating profit (PBDIT) has remained negative in recent years, with a loss of 0.21 Cr in Mar'25 compared to a profit of 4.52 Cr in Mar'19. The profit before tax showed a decline from 4.02 Cr in Mar'19 to a mere 0.16 Cr in Mar'25, while the profit after tax fluctuated, ending at 0.06 Cr in Mar'25 after a loss of 6.00 Cr in Mar'24. The company's total assets decreased from 50.67 Cr in Mar'19 to 37.00 Cr in Mar'24, and total liabilities also fell from 50.31 Cr in Mar'21 to 37.00 Cr in Mar'24. Cash flow from operating activities has been negative in recent years, with a cash outflow of 5.00 Cr in Mar'24, while cash flow from financing activities showed a positive inflow of 4.00 Cr in the same year. Overall, Bright Solar's financial performance indicates a challenging period with declining revenues and profitability.

Why is Bright Solar Ltd falling/rising?

As of 04-Mar, Bright Solar Ltd's stock price is at 2.80, unchanged, and has underperformed its sector by 3.37%. The stock is trading below all key moving averages and has reached a new low, indicating a downward trend and declining investor participation.

As of 04-Mar, Bright Solar Ltd's stock price is currently at 2.80, showing no change (0.00%). The stock has underperformed its sector by 3.37% today and has not traded on 4 out of the last 20 days, indicating erratic trading behavior. Additionally, the stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a downward trend in its price performance.<BR><BR>Investor participation has also declined, with a delivery volume of 54,000 on February 17, which is down by 19.64% compared to the 5-day average delivery volume. Furthermore, the stock has reached a new 52-week and all-time low of Rs. 2.80 today. <BR><BR>Overall, these factors contribute to the stock's falling performance, as evidenced by its significant underperformance against the benchmark Sensex, which has declined by 3.93% over the past week and 5.03% over the past month.

Which are the latest news on Bright Solar?