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MUNDRA SOLAR ENERGY LIMITED

Active
Updated: 20 Oct 2024

Mundra Solar Energy Limited, is an unlisted public company incorporated on 18 October, 2019. It is classified as a State government company and is located in Ahmedabad, Gujarat. It's authorized share capital is INR 141.00 cr and the total paid-up capital is INR 141.00 cr.

Mundra Solar Energy Limited's operating revenue range is Over INR 500 cr for the financial year ending on 31 March, 2023. It's book networth has increased by 157.63%.

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Industry

Manufacturing (Machinery & Equipments)
Products
  • Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment
Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales
83.16%
₹ 4,983.2
EBITDA
367.41%
₹ 1,482.0
Net Profit
407.72%
₹ 1,108.2
Networth
291.43%
₹ 1,488.8
Borrowings
-45.7%
₹ 1,019.5
Assets
18.7%
₹ 4,759.9
Gross Margin
18.76
42.3 %
Operating Margin
18.09
29.7 %
Net Profit Margin
13.71
21.7 %
Return on Equity
17.05
74.4 %
ROCE
37.77
51.8 %
Debt to Equity
-4.26
0.7
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (8)
State Type Address

location icon Locations on Map

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Tofler Score

Very Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • No risks identified
Moderate Risk
  • No risks identified
Low Risk
  • No risks identified
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales - - - 2,720.8 4,983.2
Operating profit - - -1.1 317.1 1,482.0
Net profit - - 0.1 218.3 1,108.2
Gross margin - - - 23.6 42.3
Operating margin - - - 11.7 29.7
Net margin - 42.5 10.5 8.0 21.7
Networth - - 147.6 380.3 1,488.8
Borrowings 0.5 6.2 628.6 1,877.7 1,019.5
Assets 0.5 6.2 1,114.0 4,010.1 4,759.9
Debt to equity 94.1 881.2 4.3 4.9 0.7
Current ratio 0.3 0.0 1.2 1.4 1.6
ROE -107.1 31.3 0.1 57.4 74.4
Days payable - - - 80.0 19.0
WC days - - - 88.0 90.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital - - 141.0 141.0 141.0
Reserves - - 6.6 239.3 1,347.8
Borrowings + 0.5 6.2 628.6 1,877.7 1,019.5
Long term borrowings - - 501.0 1,443.2 888.9
Short term borrowings 0.5 6.2 127.6 434.5 130.6
Trade payables + - - 197.7 456.3 148.3
Days payable - - - 80.0 19.0
Other liabilities + - - 337.8 1,752.1 2,251.7
Other non-current liabilities - - 30.6 300.0 311.0
Other current liabilities - - 109.4 995.8 1,792.3
Total liabilities 0.5 6.2 1,114.0 4,010.1 4,759.9
Fixed Assets + 0.3 - 490.0 1,462.4 1,456.2
Tangible assets - - 90.0 1,460.3 1,455.7
CWIP 0.3 - 399.9 1.9 0.3
Intangible assets - - - 0.2 0.2
LT loans and advances - - - - -
Other non-current assets - 6.1 111.1 3.2 4.7
Current assets + 0.1 - 512.9 2,544.6 3,299.1
Inventories - - 265.9 1,216.2 1,366.6
Trade receivables - - 128.8 646.8 353.3
Cash and cash equivalents - - 10.5 145.2 35.8
ST loans and advances - - - - 0.6
Other current assets - - 107.6 536.3 1,542.8
Total assets 0.5 6.2 1,114.0 4,010.1 4,759.9
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Total assets

Profit & Loss

%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + - - - 2,720.8 4,983.2
Sales growth % None None None None 83.16
Expenses + - - 1.1 2,464.7 3,774.7
Cost of goods - - - 2,080.1 2,874.7
Employee cost - - - 14.3 64.7
Other costs - - 1.1 309.3 561.8
Operating profit + - - -1.1 317.1 1,482.0
Operating margin % - - - 11.7 29.7
Other income - - 1.3 15.7 125.7
Interest - - - 40.7 180.7
Depreciation - - - 20.3 92.8
Exceptional items - - - - -
Profit before tax - - 0.1 271.8 1,334.2
Tax - - - 53.5 226.0
Profit - disc. ops - - - - -
Net profit - - 0.1 218.3 1,108.2
Net margin % - 42.5 10.5 8.0 21.7
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Revenue from operations

Ratios

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity 94.1 881.2 4.3 4.9 0.7
Net Debt/Equity 87.2 874.6 4.2 4.6 0.7
Total Debt/Assets 1.0 1.0 0.6 0.5 0.2
Total Assets/Equity 96.3 882.9 7.5 10.5 3.2
Liquidity +
Current Ratio 0.3 0.0 1.2 1.4 1.6
Quick Ratio 0.3 0.0 0.6 0.7 0.9
Interest Coverage -13.6 -5.7 - 7.8 8.2
Performance
Gross Margin - - - 23.6 42.3
Operating Margin - - - 11.7 29.7
Net Margin - 42.5 10.5 8.0 21.7
Return +
Return on Equity -107.1 31.3 0.1 57.4 74.4
Pre-tax ROCE -206.8 0.0 -0.2 14.0 51.8
Return on Assets -1.1 0.0 0.0 5.4 23.3
Pre-tax ROIC -1.1 -0.0 -0.1 14.1 56.2
Efficiency +
Days Payable - - - 80.0 19.0
Days Inventory - - - 213.0 174.0
Days Receivable 0.0 0.0 - 87.0 26.0
Fixed Asset Turnover 0.0 0.0 0.0 1.9 3.4
Total Asset Turnover 0.0 0.0 0.0 0.7 1.1
Working Capital
Cash Conversion Cycle 0.0 0.0 - 220.0 181.0
Working Capital Days - - - 88.0 90.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

Catalyst Trusteeship Limited

No. of Loans: 1

Total Amount : 1,950.0 cr

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Charges

Catalyst Trusteeship Limited

People

Designation Name DIN/PAN Tenure
Managing Director Anil Kumar Gupta 06859132 3 years
CFO Dharmesh Arvindbhai Parekh <HIDDEN> 2 years
Additional Director Dharmesh Arvindbhai Parekh 08256576 2 years
Director Harsh Vardhan Govil 08388344 6 years
Additional Director Gaurav Surinder Vesasi 09848221 2 years

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
ADANI TRANSMISSION STEP-ONE LIMITED
Active
1.0 L 1 Gujarat
ADANI INFRASTRUCTURE PRIVATE LIMITED
Active
5.0 L 3 Gujarat
MUNDRA SOLAR PV LIMITED
Active
918.4 Cr 2 Gujarat
ADANI TRADECOM LIMITED
Active
5.0 L 1 Gujarat
MUNDRA SOLAR TECHNOLOGY LIMITED
Active
1.0 L 2 Gujarat
ADANI TRADECOM LLP
Converted to CMP and Dissolved
5.0 L 1 Gujarat
VISHAKHA RENEWABLES PRIVATE LIMITED
Active
12.7 Cr 2 Gujarat
VISHAKHA SOLAR FILMS PRIVATE LIMITED
Amalgamated
10.8 Cr 2 Gujarat
MUNDRA SOLAR LIMITED
Active
5.0 L 2 Gujarat
MUNDRA SOLAR TECHNOPARK PRIVATE LIMITED
Active
5.0 Cr 2 Gujarat
VISHAKHA METALS PRIVATE LIMITED
Active
25.0 Cr 1 Gujarat
MUNDRA LPG TERMINAL PRIVATE LIMITED
Active
10.2 L 1 Gujarat
GOPALPUR PORTS LIMITED
Active
227.3 Cr 1 Odisha

Registered Details

CIN

U29308GJ2019SGC110395

PAN

AANCM0140K

Incorporation

2019, 5.5 years

Company Email

PRAGNESH.DARJI@adani.com

Paid up Capital

₹ 141.0 Cr

Authorised Capital

₹ 141.0 Cr

AGM

Jun 2024

Type

Public
State Government Company

FAQ - MUNDRA SOLAR ENERGY LIMITED

What is the incorporation date of MUNDRA SOLAR ENERGY LIMITED?

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The incorporation date of MUNDRA SOLAR ENERGY LIMITED is 18 October, 2019

What is the authorized share capital of MUNDRA SOLAR ENERGY LIMITED?

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The authorized share capital of MUNDRA SOLAR ENERGY LIMITED is INR ₹ 141.0 Cr.

What is the paid-up capital of MUNDRA SOLAR ENERGY LIMITED?

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The paid-up capital of MUNDRA SOLAR ENERGY LIMITED is INR ₹ 141.0 Cr.

What is the registered address of MUNDRA SOLAR ENERGY LIMITED?

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The registered address of MUNDRA SOLAR ENERGY LIMITED is Adani Corporate House, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar Ahmedabad Ahmedabad Gujarat - 382421

What is the CIN number of MUNDRA SOLAR ENERGY LIMITED?

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The CIN number of MUNDRA SOLAR ENERGY LIMITED is U29308GJ2019SGC110395.

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