Bright Solar Ltd.
Snapshot View

5.70 -0.10 ▼-1.7%

05 August 2021, 03:31:22 P.M.
Volume: 390,000

Overview View Details

Sector Capital Goods Compare with Sector peers
Industry Compressors / Pumps Compare with Industry peers
Website http://www.brightsolar.in
Financial Indicators
Market Cap 11.83 Cr.
Earnings per share (EPS) 0.09 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 66.85 Trailing Twelve Months Ending 2021-03
Industry PE 36.11 Trailing Twelve Months Ending 2021-03
Book Value / Share 18.72 Trailing Twelve Months Ending 2021-03
Price to Book Value 0.31 Calculated using Price: 5.80
Dividend Yield 0.17 Period Ending 2020-03
No. of Shares Subscribed 2.04 Cr. 20,400,000 Shares
FaceValue 10
Company Profile

The Company was originally incorporated as ‘Bright Solar Private Limited’ at Ahmedabad on April 23, 2010, under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issued by the Assistant Registrar of Companies, Gujarat, Dadra and Nagar Haveli, Gujarat, Dadra and Nagar Havelli. Consequently upon the conversion of Company into public limited company, the name of Company was changed to ‘Bright Solar Limited’ and fresh Certificate of Incorporation dated January 29, 2018 was issued by the Assistant Registrar of Companies, Ahmedabad.

Business area of the Company:

The company is engaged in assembling of DC/AC Solar Pumps and Solar Pump Systems under the registered brand name of ‘PUMPMAN’, ‘BRIGHT SOLAR’, and ‘BRIGHT SOLAR WATER PUMP’. The company is also engaged in EPC contracts of Solar Photovoltaic Water pumps which include supplying, installing and commissioning of the pump system along with comprehensive maintenance contract for a specific period of 1-5 years. In solar pump system they are having wide range of products of DC Solar Pump, Solar Pump Inverter and AC Solar Pump.  

Major Events and Mile Stones:

  • 2017-18: Bright started Consultancy Business in Renewable Energy, Water & Infra EPC & PPP Projects.
  • 2017-18: Bright started New Water Treatment Plant & Mini Pipe Rural Water Supply Scheme Project on Sub-Contract basis.
  • 2017-18: Bright submitted MOU to International Solar Alliance (ISA) For Export of Solar Pumps in Senegal, Benin, Burundi, Cameron, Cape Verde, Congo, Ethiopia, Gambia, Niger and Tanzania.
  • 2015-16: Bright was awarded with one of the biggest Bihar State project for commissioning of 281 Nos. Solar Dual Pump Project (amounting to Rs 21.50 Crore) in 11 districts of Bihar State by Public Health Engineering Department.
  • 2015-16: Certificate of Registration issued from The National Small Industries Corporation Limited (NSIC).
  • 2015-16: Bright got approval from Bureau of Energy Efficiency to use the BEE Label in ‘PUMPMAN’ Submersible Pump Set.
  • 2014-15: Rating agency CARE assigned Solar Grading SP2C (High Performance & Moderate Financial) to Bright Solar.
  • 2014-15: Bright awarded from Bihar State Fisheries Department to Supply Solar Water Pumps to Fisherman.
  • 2014-15: Bright awarded order from Agriculture Engineering Department - Chennai of 200 nos. (Approx 8.8 Crore) Solar Water Pumping system for Agriculture purpose in all over Tamilnadu State.
  • 2014-15: Bright got sanction of Central Finance Assistance (Subsidy) of Rs 3.70 Crore from Ministry of New & Renewable Energy (MNRE), for installation of 174 numbers of SPV Power Pumps with agreegate capacity of 746.4kWp in twenty district of Gujarat at a project cost of Rs 12.32 Crores.
  • 2014-15: NSIC - Ahmedabad entered MOU for Tender Participation with Bright.
  • 2014-15: Bright made Rate Contract with Central Stores & Purchase Organization (CSPO) to Supply Solar U.V. Water Purifier in all over Gujarat State.
  • 2014-15: Factory License granted from Directorate Industrial Safety & Health Gujarat state to Bright. 2014-15: Bright Solar registered as a Manufacturer with Central Stores & Purchase Organization (CSPO).
  • 2014-15: Bright registered as a ‘1’ Class contractor in Bihar State Public Health Engineering Department up to 5 Years.
  • 2014-15: Bright became a Member of Solar Energy Society of India (SESI).
  • 2014-15: Bright became Empanelled Manufacturer for Solar Pumping Programme to be implemented through NABARD.
  • 2013-14: Bright became Accredited Channel Partner of Ministry of New and Renewable Energy (MNRE) - New Delhi for Solar PV Systems.
  • 2013-14: Bright Solar become Channel Partner of Tamilnadu Energy Development Agency (TEDA- Chennai) & NREDCAP - Hyderabad .
  • 2013-14: Gujarat Government 4 Nos. Discoms First Pilot Project of Solar Water Pumping System awarded to Bright Solar.
  • 2013-14: Bright executed Rajasthan RHDS Project - 3, 1150 Nos. solar water pumping system with Waaree energy.
  • 2013-14: Bright started own & first DC Submersible Pump assembling Unit - PUMPMAN Brand with more than 99 Models.
  • 2012-13: Bright executed Sabras – Salt Agariya Project in Little Run of Kutch. 
  • 2011-12: The Promoters took a Solar Systems training at GERMI - Gandhinagar.
  • 2011-12: Bright became authorized Premier Sales & Service Partner of Lorentz-Germany for DC Solar Pumps till December 31, 2012.
  • 2010-11: Bright Solar was incorporated as Bright Solar Private Limited with primary business object of Solar PV Water Pumping System & Solutions.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-1.72%
1 Week
+8.57%
1 Month
-8.06%
3 Month
-44.12%
6 Month
-40.93%
1 Year
-53.85%
2 Year
-39.36%
5 Year
8 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 74.46 62.92 73.80 11.04 18.15 47.16 8.84 1.39
Return on Capital Employed (%) 8.59 19.35 53.80 14.76 24.82 65.06 14.96 3.06
Return on Assets (%) 1.92 3.88 8.36 2.31 6.25 19.90 5.82 0.99

Balance Sheet View Details

Particulars 8 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 1 1 4 9 10 16 38 38
Non Curr. Liab. 5 1 5 1 1 1 0 1
Curr. Liab. 14 6 30 13 22 12 12 15
Minority Int.
Equity & Liab. 20 8 39 22 33 30 51 53
Non Curr. Assets 0 1 0 1 4 11 15 16
Curr. Assets 20 8 39 21 29 19 34 37
Misc. Exp. not W/O 0 1 1
Total Assets 20 8 39 22 33 30 51 53

Profit Loss View Details

Particulars 8 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 22 28 48 15 18 40 57 23
Other Income 1 0 0 0 0 0 0 0
Total Income 22 28 48 15 18 40 58 24
Total Expenditure -22 -28 -44 -14 -15 -30 -54 -22
PBIDT 1 1 3 2 3 10 4 1
Interest 0 0 0 -1 -1 0 0 0
Depreciation 0 0 0 0 0 0 0 0
Taxation 0 0 -1 0 -1 -3 -2 -1
Exceptional Items 0
PAT 0 1 2 1 2 6 2 1

Cash Flow View Details

Particulars 8 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. -4 5 -5 3 1 6 -12 2
Cash Fr. Inv. 0 0 0 -1 -8 -7 0
Cash Fr. Finan. 4 -5 5 -1 -1 0 18 0
Net Change 0 0 0 2 0 -1 0 1
Cash & Cash Eqvt 1 1 1 3 2 1 0 2

Shareholding Pattern View Details

7 Qtrs 2017-09 (%) 2018-09 (%) 2019-03 (%) 2019-09 (%) 2020-03 (%) 2020-09 (%) 2021-03 (%)
Promoter 96.90 68.93 69.17 70.02 70.02 66.96 62.24
Public 3.10 31.07 30.83 29.98 29.98 33.04 37.76
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

No Corporate Announcement found.

Technical Scans View Details

Wed, 04 Aug 2021
High Delivery Percentage High Delivery Percentage
Opening at High Opening at High
Closing Above Previous High Closing Above Previous High
Increasing Relative Strength - Sectoral Index Increasing Relative Strength - Sectoral Index
Tue, 03 Aug 2021
High Delivery Percentage High Delivery Percentage

Related Stocks View Details

Stock Name Market Cap(Rs. Cr.) LTP Chg %
Havells India Ltd. 77,270.14 1,215.95 -1.5%
Siemens Ltd. 72,766.05 2,061.40 +0.9%
Bharat Electronics Ltd. 42,750.02 176.70 +0.7%
L&T Technology Services Ltd. 38,190.27 3,684.25 +1.4%
ABB India Ltd. 34,718.01 1,654.00 +1.0%
Bharat Heavy Electricals Ltd. 20,195.97 57.20 -1.4%
AIA Engineering Ltd. 18,732.03 1,946.35 -1.7%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
Havells India Ltd. Consolidated 2021-06 63.54 1,215.95 -1.5%
Siemens Ltd. Consolidated 2021-03 75.94 2,061.40 +0.9%
Bharat Electronics Ltd. Consolidated 2021-03 20.37 176.70 +0.7%
L&T Technology Services Ltd. Consolidated 2021-06 50.10 3,684.25 +1.4%
ABB India Ltd. Standalone 2021-06 94.69 1,654.00 +1.0%
Bharat Heavy Electricals Ltd. Consolidated 2021-06 0.00 57.20 -1.4%
AIA Engineering Ltd. Consolidated 2021-03 33.09 1,946.35 -1.7%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
Havells India Ltd. Consolidated 2021-06 14.28 1,215.95 -1.5%
Siemens Ltd. Consolidated 2021-03 7.36 2,061.40 +0.9%
Bharat Electronics Ltd. Consolidated 2021-03 3.87 176.70 +0.7%
L&T Technology Services Ltd. Consolidated 2021-06 10.43 3,684.25 +1.4%
ABB India Ltd. Standalone 2021-06 9.32 1,654.00 +1.0%
Bharat Heavy Electricals Ltd. Consolidated 2021-06 0.79 57.20 -1.4%
AIA Engineering Ltd. Consolidated 2021-03 4.41 1,946.35 -1.7%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
Havells India Ltd. Consolidated 2021-03 0.10 1,215.95 -1.5%
Siemens Ltd. Consolidated 2020-09 0.00 2,061.40 +0.9%
Bharat Electronics Ltd. Consolidated 2020-03 0.00 176.70 +0.7%
L&T Technology Services Ltd. Consolidated 2021-03 0.00 3,684.25 +1.4%
ABB India Ltd. Standalone 2020-12 0.00 1,654.00 +1.0%
Bharat Heavy Electricals Ltd. Consolidated 2020-03 0.18 57.20 -1.4%
AIA Engineering Ltd. Consolidated 2020-03 0.03 1,946.35 -1.7%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Havells India Ltd. Consolidated 2021-03 22.02 1,215.95 -1.5%
Siemens Ltd. Consolidated 2020-09 8.29 2,061.40 +0.9%
Bharat Electronics Ltd. Consolidated 2020-03 18.59 176.70 +0.7%
L&T Technology Services Ltd. Consolidated 2021-03 21.58 3,684.25 +1.4%
ABB India Ltd. Standalone 2020-12 6.15 1,654.00 +1.0%
Bharat Heavy Electricals Ltd. Consolidated 2020-03 -5.02 57.20 -1.4%
AIA Engineering Ltd. Consolidated 2020-03 16.36 1,946.35 -1.7%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
Havells India Ltd. Consolidated 2021-03 30.49 1,215.95 -1.5%
Siemens Ltd. Consolidated 2020-09 11.82 2,061.40 +0.9%
Bharat Electronics Ltd. Consolidated 2020-03 25.73 176.70 +0.7%
L&T Technology Services Ltd. Consolidated 2021-03 30.06 3,684.25 +1.4%
ABB India Ltd. Standalone 2020-12 8.80 1,654.00 +1.0%
Bharat Heavy Electricals Ltd. Consolidated 2020-03 -0.21 57.20 -1.4%
AIA Engineering Ltd. Consolidated 2020-03 19.55 1,946.35 -1.7%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
Havells India Ltd. Consolidated 2021-03 10,457.30 1,215.95 -1.5%
Siemens Ltd. Consolidated 2020-09 10,617.80 2,061.40 +0.9%
Bharat Electronics Ltd. Consolidated 2020-03 12,967.67 176.70 +0.7%
L&T Technology Services Ltd. Consolidated 2021-03 5,449.70 3,684.25 +1.4%
ABB India Ltd. Standalone 2020-12 5,820.95 1,654.00 +1.0%
Bharat Heavy Electricals Ltd. Consolidated 2020-03 21,490.01 57.20 -1.4%
AIA Engineering Ltd. Consolidated 2020-03 2,969.97 1,946.35 -1.7%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
Havells India Ltd. Consolidated 2021-03 1,044.31 1,215.95 -1.5%
Siemens Ltd. Consolidated 2020-09 768.60 2,061.40 +0.9%
Bharat Electronics Ltd. Consolidated 2020-03 1,792.63 176.70 +0.7%
L&T Technology Services Ltd. Consolidated 2021-03 666.50 3,684.25 +1.4%
ABB India Ltd. Standalone 2020-12 219.22 1,654.00 +1.0%
Bharat Heavy Electricals Ltd. Consolidated 2020-03 -1,494.07 57.20 -1.4%
AIA Engineering Ltd. Consolidated 2020-03 590.32 1,946.35 -1.7%