Price
Financials
Standalone, Rs crore| Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.48 | 47.76 | 14.99 | 18.03 | 39.58 | 57.41 | 23.40 | 24.39 | 7.19 | 23.58 | 9.54 | 1.90 |
| Expenses | 1.45 | 44.45 | 13.71 | 14.99 | 29.89 | 53.32 | 21.99 | 23.66 | 14.40 | 23.60 | 13.11 | 2.10 |
| Operating Profit | 0.03 | 3.31 | 1.28 | 3.04 | 9.69 | 4.09 | 1.41 | 0.73 | -7.21 | -0.02 | -3.57 | -0.20 |
| OPM % | 2.03% | 6.93% | 8.54% | 16.86% | 24.48% | 7.12% | 6.03% | 2.99% | -100.28% | -0.08% | -37.42% | -10.53% |
| Other Income | 0.00 | 0.05 | 0.44 | 0.10 | 0.30 | 0.43 | 0.17 | 0.26 | 0.30 | 0.45 | -2.32 | 0.40 |
| Interest | 0.00 | 0.28 | 0.60 | 0.53 | 0.33 | 0.08 | 0.09 | 0.30 | 0.06 | 0.04 | 0.03 | 0.01 |
| Depreciation | 0.00 | 0.11 | 0.08 | 0.06 | 0.11 | 0.42 | 0.42 | 0.40 | 0.40 | 0.32 | 0.07 | 0.03 |
| Profit before tax | 0.03 | 2.97 | 1.04 | 2.55 | 9.55 | 4.02 | 1.07 | 0.29 | -7.37 | 0.07 | -5.99 | 0.16 |
| Tax % | 33.33% | 34.01% | 32.69% | 33.33% | 35.08% | 41.79% | 51.40% | 37.93% | 0.00% | 14.29% | 0.00% | 62.50% |
| Net Profit | 0.02 | 1.97 | 0.71 | 1.71 | 6.20 | 2.34 | 0.52 | 0.18 | -7.37 | 0.05 | -6.00 | 0.06 |
| EPS in Rs | 15.15 | 3.94 | 9.50 | 3.39 | 0.94 | 0.21 | 0.07 | -2.96 | 0.02 | -2.40 | 0.02 | |
| Dividend Payout % | 0.00% | 6.73% | 21.13% | 0.00% | 2.42% | 8.72% | 39.23% | 11.33% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -28% | -39% | -36% | -82% | ||
| Compounded Profit Growth | % | % | 25% | 97% | ||
| Stock Price CAGR | % | -11% | -20% | % | ||
| Return on Equity | 0% | -7% | -4% | -1% |
| Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 1.06 | 1.50 | 1.50 | 15.00 | 20.40 | 20.40 | 20.40 | 20.40 | 20.40 | 25.00 | 25.00 |
| Reserves | 0.03 | 3.06 | 7.16 | 8.69 | 1.39 | 17.53 | 17.80 | 17.77 | 10.37 | 10.43 | 4.43 | 4.49 |
| Borrowings | 1.24 | 6.16 | 3.34 | 2.67 | 1.41 | 0.48 | 0.70 | 0.51 | 3.62 | 1.83 | 0.97 | 0.97 |
| Other Liabilities | 2.05 | 28.64 | 10.12 | 19.78 | 11.98 | 12.31 | 14.47 | 11.69 | 6.51 | 14.70 | 6.67 | 7.13 |
| Total Liabilities | 3.33 | 38.92 | 22.12 | 32.64 | 29.78 | 50.72 | 53.37 | 50.37 | 40.90 | 47.36 | 37.07 | 37.59 |
| Fixed Assets | 0.01 | 0.27 | 0.20 | 0.15 | 0.39 | 0.69 | 4.46 | 4.35 | 4.42 | 4.30 | 0.38 | 0.11 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.13 | 0.85 | 0.00 | 0.00 | 0.00 | 0.23 | 0.28 | 0.94 | 0.72 | 0.49 | 0.48 |
| Other Assets | 3.32 | 38.52 | 21.07 | 32.49 | 29.39 | 50.03 | 48.68 | 45.74 | 35.54 | 42.34 | 36.20 | 37.00 |
| Total Assets | 3.33 | 38.92 | 22.12 | 32.64 | 29.78 | 50.72 | 53.37 | 50.37 | 40.90 | 47.36 | 37.07 | 37.59 |
| Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0.00 | -4.66 | 3.01 | 1.24 | 5.93 | -11.59 | 1.95 | 0.14 | 1.02 | -7.63 | -5.20 | -1.29 |
| Cash from Investing Activity | 0.00 | 0.05 | -0.63 | 0.00 | -7.55 | -6.76 | -0.45 | -0.86 | -1.23 | 7.53 | 2.01 | -0.06 |
| Cash from Financing Activity | 0.00 | 4.62 | -0.64 | -0.76 | 0.22 | 18.09 | -0.08 | -0.42 | 0.11 | -0.15 | 4.49 | 0.09 |
| Net Cash Flow | 0.00 | 0.01 | 1.74 | 0.48 | -1.40 | -0.25 | 1.42 | -1.15 | -0.10 | -0.24 | 1.31 | -1.27 |
| Free Cash Flow | 0.00 | -4.65 | 2.99 | 1.24 | 5.67 | -12.02 | -1.96 | 0.13 | 0.85 | -7.62 | -3.89 | -0.89 |
| CFO/OP | 0% | -134% | 263% | 51% | 86% | -231% | 225% | 115% | -17% | 37,500% | 146% | 645% |
| Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 231.82 | 273.22 | 118.34 | 300.42 | 120.71 | 68.16 | 305.57 | 135.73 | 321.34 | 194.73 | 379.16 | 2,122.76 |
| Inventory Days | 8.78 | 23.95 | 0.00 | 41.46 | 110.56 | 42.25 | 137.66 | |||||
| Days Payable | 217.70 | 133.88 | 116.88 | 140.35 | 100.39 | 696.63 | ||||||
| Cash Conversion Cycle | 231.82 | 64.29 | 8.41 | 300.42 | 45.29 | 68.16 | 305.57 | 135.73 | 291.56 | 194.73 | 321.02 | 1,563.79 |
| Working Capital Days | 293.48 | 58.08 | 203.56 | 89.48 | 47.49 | 121.69 | 281.39 | 272.81 | 513.23 | 279.25 | 320.62 | 1,825.00 |
| ROCE % | 4.11% | 14.72% | 24.78% | 64.38% | 14.59% | 3.00% | 1.52% | -20.01% | 0.33% | -10.85% | 0.03% |
| Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Apr 2023 | Sep 2023 | Dec 2023 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 24.73% | 0.24% | 0.24% | 0.24% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% |
| Government | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 75.28% | 99.77% | 99.76% | 99.76% | 99.79% | 99.80% | 99.80% | 99.80% | 99.79% | 99.79% | 99.79% | 99.79% |
| No. of Shareholders | 1,702 | 3,140 | 3,006 | 2,716 | 2,688 | 3,303 | 3,303 | 4,048 | 3,957 | 3,957 | 3,955 | 3,956 |
Fundamentals
Market Cap₹ 7.00 Cr.
Current Price₹ 2.80
Book Value₹ 11.8
ROCE0.03 %
ROE-0.68 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-82%
Compounded Profit Growth (TTM)97%
Standalone figures.
Valuation
Market capRs 7 Cr
Enterprise valueRs 5 Cr
P/E (TTM)116.66x
Price to book0.24x
Price to sales3.68x
EV / EBITDA27.40x
EV / EBIT32.23x
EV / sales2.88x
Earnings yield0.86%
P/E, 3-year average171.55x
P/B, 3-year average0.43x
P/E, 5-year average160.49x
P/B, 5-year average0.47x
Profitability
Operating margin (excl. other income)-10.53%
Operating margin (incl. other income)10.53%
EBITDA margin10.53%
Pre-tax margin8.42%
Net profit margin3.16%
ROE0.20%
ROCE0.56%
ROA0.16%
ROE, 3-year average-6.52%
ROCE, 3-year average-6.01%
ROA, 3-year average-4.65%
ROE, 5-year average-8.09%
ROCE, 5-year average-7.30%
ROA, 5-year average-5.95%
ROIC (approx.)0.23%
Tax rate62.50%
Other income / net worth1.36%
Growth
Sales growth (latest year)-80.08%
Sales CAGR, 3 years-35.83%
Sales CAGR, 5 years-39.48%
Profit CAGR, 5 years-35.07%
Per share
EPS (TTM)Rs 0.02
EPS (latest year)Rs 0.02
EPS, 3-year averageRs -0.78
EPS, 5-year averageRs -1.18
Book value per shareRs 11.80
Sales per shareRs 0.76
Cash flow per shareRs -0.52
Free cash flow per shareRs -0.36
Dividend per share, 5-year averageRs 0.01
Dividends
Dividend payout, 5-year average11.11%
Efficiency
Asset turnover0.05x
Fixed asset turnover17.27x
Inventory turnover2.65x
Inventory days138 days
Debtor days2123 days
Debtors turnover0.17x
Creditor days697 days
Cash conversion cycle1564 days
Working capital days1825 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 2 Cr
Net debtRs -2 Cr
Debt to equity0.03x
Net debt / EBITDA-7.60x
Interest coverage17.00x
Owners' fund to total sources78.45%
Debt to assets2.58%
Cash flow
Cash from Operating Activity (latest year)Rs -1 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs 0 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs -1 Cr
FCFE (approx.: FCF + change in debt)Rs -1 Cr
Statement figures
Net sales (TTM)Rs 2 Cr
Net sales (latest year)Rs 2 Cr
Operating profit excl. other income (latest year)Rs -0 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 0 Cr
PBDT (TTM)Rs 0 Cr
Profit before tax (TTM)Rs 0 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs 0 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 2 Cr
Total expenditure (latest year)Rs 2 Cr
Total income (latest year)Rs 2 Cr
Share capitalRs 25 Cr
ReservesRs 4 Cr
Shareholders' fundsRs 29 Cr
Total assetsRs 38 Cr
Net blockRs 0 Cr
InvestmentsRs 0 Cr
ReceivablesRs 11 Cr
InventoryRs 1 Cr
Other liabilitiesRs 7 Cr
Shares outstanding (crore)2.50
Ownership
Promoter holding0.20% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 0.24 is the lowest in 6.6 years (median 0.54).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | BRIGHT | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -21.1% | -2.8% | -18.3 pts |
| 1 month | -57.3% | -6.8% | -50.5 pts |
| 3 months | -67.1% | -7.6% | -59.4 pts |
| 6 months | -68.7% | +0.4% | -69.1 pts |
| 1 year | -49.1% | -9.9% | -39.2 pts |
| 2 years | -50.0% | -13.6% | -36.4 pts |
| 3 years | -55.2% | +14.2% | -69.4 pts |
| 5 years | -80.1% | +27.9% | -108.0 pts |
Red flags
F-score 5 of 8| explain | Receivables outrunning sales Receivables grew 12% vs sales -80% in 2025 |
| look | Profit leans on other income Other income was 250% of pre-tax profit in 2025 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
No quarterly results published.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Bright Solar Ltd?
Bright Solar Ltd (BRIGHT) has a market capitalisation of Rs 7.00 Cr. at the 2025-02-24 close.