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Australian Premium Solar (India) Limited IPO Review

Australian Premium Solar (India) Limited IPO was engaged in specialize in making Solar Panels and providing EPC Services for solar systems. Solar Panels are also known as PV Modules, generating electricity from sunlight through photovoltaic cells. australian premium solar (India) private limited manufacturing facility in Sabar kantha, Gujarat, covers 25,375 square meters, producing both monocrystalline and polycrystalline solar panels with an annual capacity of 200 MW.   

australian premium solar (India) pvt. ltd Business Strategy are Expanding EPC vertical, Improve Domestic Presence, Leveraging their market skills and relationship, Optimal Utilization of Resources, Customer Satisfaction. In addition to making solar panels, their company offers complete installation services to bring the advantages of solar energy directly to their customers. Their team takes care of everything during the installation, from addressing design and planning issues to delivering and setting up solar modules for homes and businesses. Each installation is customized to meet the specific needs and preferences of their clients.

Australian Premium Solar (India) Limited Products and Services

Australian Premium Solar (India) Limited make two kinds of solar panels: (i) Monocrystalline Solar Panels, and (ii) Polycrystalline Solar Panels. The main difference lies in their core material, the solar cell, typically made from semiconductor materials like silicon wafers. In Monocrystalline Panels, the solar cells are more efficient and look darker and even due to their single-crystal structure, allowing for strategic placement of bus bars. In Polycrystalline solar cells, they have a bluish or speckled appearance because of multiple crystal structures, and bus bars may need to be positioned to accommodate their less uniform look.

Australian Premium Solar (India) Limited soffer installation services for both solar panels and solar pumps. They handle installations for households and industries in this category, providing solar pump installations specifically for agricultural users. Australian Premium Solar (India) Limited Products allows them to supply Their manufactured solar panels along with solar pumps. As of August 31, 2023, they have served over 10,000 unique customers for solar module installations. This includes over 9,500 rooftop installations for residential use and more than 1,300 installations of solar pumps for agricultural use. They think having a team of motivated and skilled employees is crucial to staying ahead in the competition. Their dedicated management and key personnel work together to achieve high levels of client satisfaction.

Financial Overview

Financial performance over the last three fiscal years, the company recorded a total revenue/net profit of Rs. 74.44 cr. / Rs. 1.80 cr. in FY21, Rs. 98.33 cr. / Rs. 2.70 cr. in FY22, and Rs. 94.96 cr. / Rs. 3.33 cr. in FY23. For the first four months of FY24, it achieved a net profit of Rs. 1.13 cr. with a total revenue of Rs. 50.27 cr. The company experienced fluctuations in its revenue, but the net profit consistently increased. Company operates in the solar power industry, providing various related services. It should vary revenue figures with consistently increasing profits during the mentioned periods. Considering the high annualized earnings projected for FY24, the stock seems to be priced aggressively. The company operates in a fiercely competitive and fragmented market. Informed investors may consider investing for potential long-term gains.