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MUNDRA SOLAR PV LIMITED

Active
Updated: 23 Oct 2024

The company is engaged in manufacturing of solar panels

Mundra Solar Pv Limited, is an unlisted public company incorporated on 01 June, 2015. It is classified as a public limited company and is located in , Gujarat. It's authorized share capital is INR 1,000.00 cr and the total paid-up capital is INR 918.37 cr.

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Industry

Business Services
Products
  • bifacial solar panel, Multi solar panel, mono solar panel
Key Metrics

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

Sales
96.06%
₹ 3,122.2
EBITDA
940.67%
₹ 434.3
Net Profit
-
₹ 188.7
Networth
124.96%
₹ 1,136.4
Borrowings
55.04%
₹ 1,857.5
Assets
135.17%
₹ 6,488.2
Gross Margin
7.56
27.8 %
Operating Margin
11.29
13.9 %
Net Profit Margin
27.26
5.8 %
Return on Equity
86.17
16.6 %
ROCE
21.07
12.0 %
Debt to Equity
-0.74
1.6
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (23)
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
  • HIGH LEVERAGE
Low Risk
  • HIGH INVENTORY
  • GROSS MARGINS DETERIORATING
  • ROCE DETERIORATING
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 2,355.3 2,924.9 2,572.0 1,592.5 3,122.2
Operating profit 285.4 792.0 336.7 41.7 434.3
Net profit 36.5 418.1 93.4 -351.4 188.7
Gross margin 39.2 44.7 32.2 20.2 27.8
Operating margin 12.1 27.1 13.1 2.6 13.9
Net margin 1.5 14.1 3.6 -21.5 5.8
Networth 346.4 764.4 857.4 505.2 1,136.4
Borrowings 1,605.1 1,522.3 1,531.1 1,198.1 1,857.5
Assets 3,024.0 3,410.4 2,946.6 2,758.9 6,488.2
Debt to equity 4.6 2.0 1.8 2.4 1.6
Current ratio 1.0 1.1 1.2 0.5 1.2
ROE 10.5 54.7 10.9 -69.6 16.6
Days payable 108.0 108.0 20.0 34.0 34.0
WC days 3.0 21.0 32.0 -200.0 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 300.0 300.0 300.0 300.0 918.4
Reserves 46.4 464.4 557.4 205.2 218.0
Borrowings + 1,605.1 1,522.3 1,531.1 1,198.1 1,857.5
Long term borrowings 1,178.9 719.6 562.5 399.0 1,155.2
Short term borrowings 426.2 802.6 968.6 799.1 702.4
Trade payables + 423.1 477.9 97.5 117.3 211.6
Days payable 108.0 108.0 20.0 34.0 34.0
Other liabilities + 1,072.5 1,123.8 558.1 1,055.7 3,494.3
Other non-current liabilities 385.0 390.9 380.6 268.8 920.7
Other current liabilities 264.4 254.9 80.0 669.6 2,361.9
Total liabilities 3,024.0 3,410.4 2,946.6 2,758.9 6,488.2
Fixed Assets + 1,763.0 1,664.4 1,555.5 1,685.9 2,283.8
Tangible assets 1,732.6 1,640.3 1,553.8 801.1 2,251.8
CWIP 28.2 21.9 0.3 883.9 30.9
Intangible assets 2.3 2.1 1.4 0.9 1.1
LT loans and advances 1.7 6.6 - - -
Other non-current assets 124.1 34.3 22.2 361.2 156.4
Current assets + 1,135.2 1,705.1 1,368.9 711.9 4,048.1
Inventories 273.5 300.2 263.3 136.4 1,950.8
Trade receivables 509.7 813.2 742.2 341.6 491.3
Cash and cash equivalents 0.3 62.4 8.2 20.6 279.6
ST loans and advances 13.2 1.5 0.7 0.4 0.5
Other current assets 338.5 527.8 354.6 212.7 1,325.8
Total assets 3,024.0 3,410.4 2,946.6 2,758.9 6,488.2
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Total assets

Profit & Loss

%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 2,355.3 2,924.9 2,572.0 1,592.5 3,122.2
Sales growth % 68.78 24.18 -12.07 -38.08 96.06
Expenses + 2,359.9 2,428.5 2,492.2 1,793.8 2,909.9
Cost of goods 1,431.9 1,617.3 1,744.1 1,270.9 2,255.8
Employee cost 120.3 110.3 72.4 31.3 50.7
Other costs 517.6 405.3 418.8 248.6 381.4
Operating profit + 285.4 792.0 336.7 41.7 434.3
Operating margin % 12.1 27.1 13.1 2.6 13.9
Other income 18.1 35.9 44.0 44.6 131.8
Interest 181.4 182.1 141.0 127.4 153.1
Depreciation 108.6 113.5 115.9 115.7 68.8
Exceptional items - - - -309.4 -88.0
Profit before tax 13.5 532.3 123.8 -466.2 256.1
Tax -23.0 114.2 30.4 -114.8 67.4
Profit - disc. ops - - - - -
Net profit 36.5 418.1 93.4 -351.4 188.7
Net margin % 1.5 14.1 3.6 -21.5 5.8
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Revenue from operations

Ratios

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity 4.6 2.0 1.8 2.4 1.6
Net Debt/Equity 4.6 1.9 1.8 2.3 1.4
Total Debt/Assets 0.5 0.5 0.5 0.4 0.3
Total Assets/Equity 8.7 4.5 3.4 5.5 5.7
Liquidity +
Current Ratio 1.0 1.1 1.2 0.5 1.2
Quick Ratio 0.8 0.9 1.0 0.4 0.6
Interest Coverage 1.6 4.3 2.4 0.3 2.8
Performance
Gross Margin 39.2 44.7 32.2 20.2 27.8
Operating Margin 12.1 27.1 13.1 2.6 13.9
Net Margin 1.5 14.1 3.6 -21.5 5.8
Return +
Return on Equity 10.5 54.7 10.9 -69.6 16.6
Pre-tax ROCE 9.9 37.0 12.4 -9.1 12.0
Return on Assets 1.2 12.3 3.2 -12.7 2.9
Pre-tax ROIC 9.1 30.5 9.3 -4.4 13.5
Efficiency +
Days Payable 108.0 108.0 20.0 34.0 34.0
Days Inventory 70.0 68.0 55.0 39.0 316.0
Days Receivable 79.0 101.0 105.0 78.0 57.0
Fixed Asset Turnover 1.3 1.8 1.6 0.9 1.4
Total Asset Turnover 0.8 0.9 0.9 0.6 0.5
Working Capital
Cash Conversion Cycle 41.0 61.0 140.0 83.0 339.0
Working Capital Days 3.0 21.0 32.0 -200.0 90.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

PNB INVESTMENT SERVICES LIMITED

No. of Loans: 4

Total Amount : 2,152.6 cr

2

PNB Investment Services Limited

No. of Loans: 1

Total Amount : 1,121.1 cr

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Charges

PNB INVESTMENT SERVICES LIMITED
PNB Investment Services Limited

People

Designation Name DIN/PAN Tenure
Director Rajesh Kumar Jha 03387711 10 years
Managing Director Anil Kumar Gupta 06859132 3 years
Director Sushama Oza 07145540 9 years
Whole-time Director Harsh Vardhan Govil 08388344 6 years
Kmp Surender Singh Rathore <HIDDEN> 1 years
Kmp Manish Ramchand Daulani <HIDDEN> 2 years

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
DHAMRA INFRASTRUCTURE PRIVATE LIMITED
Active
50.1 Cr 1 Odisha
MUNDRA SYNENERGY LIMITED
Active
5.0 L 1 Gujarat
ADANI VIZHINJAM PORT PRIVATE LIMITED
Active
897.0 Cr 1 Gujarat
DIGHI ROHA RAIL LIMITED
Active
10.0 L 1 Delhi
ADANI TRANSMISSION STEP-ONE LIMITED
Active
1.0 L 1 Gujarat
ADANI INFRASTRUCTURE PRIVATE LIMITED
Active
5.0 L 2 Gujarat
MUNDRA SOLAR ENERGY LIMITED
Active
141.0 Cr 2 Gujarat
WARDHA SOLAR (MAHARASHTRA) PRIVATE LIMITED
Active
277.0 Cr 1 Gujarat
MAHAN ENERGEN LIMITED
Active
847.0 Cr 1 Gujarat
ADANI RENEWABLE ENERGY (RJ) LIMITED
Active
97.7 Cr 1 Gujarat
ADANI POWER MAHARASHTRA LIMITED
Amalgamated
2,854.7 Cr 1 Gujarat
ADANI POWER RAJASTHAN LIMITED
Amalgamated
1,200.0 Cr 1 Gujarat
KRISHNAPATNAM OILS & FATS PRIVATE LIMITED
Amalgamated
32.0 Cr 1 Gujarat
PARAMPUJYA SOLAR ENERGY PRIVATE LIMITED
Active
395.8 Cr 1 Gujarat
SATYA SAI AGROILS PRIVATE LIMITED
Amalgamated
149.7 Cr 1 Gujarat
ADIMAHESH SEVA FOUNDATION
Active
1.0 L 1 Gujarat
ADANI RENEWABLE ENERGY PARK RAJASTHAN LIMITED
Active
80.6 Cr 1 Rajasthan
ADANI DEFENCE SYSTEMS AND TECHNOLOGIES LIMITED
Active
50.1 Cr 1 Gujarat
MUNDRA SOLAR TECHNOLOGY LIMITED
Active
1.0 L 1 Gujarat
VISHAKHA RENEWABLES PRIVATE LIMITED
Active
12.7 Cr 1 Gujarat
VISHAKHA METALS PRIVATE LIMITED
Active
25.0 Cr 1 Gujarat
VISHAKHA SOLAR FILMS PRIVATE LIMITED
Amalgamated
10.8 Cr 1 Gujarat
MUNDRA SOLAR LIMITED
Active
5.0 L 1 Gujarat
MUNDRA SOLAR TECHNOPARK PRIVATE LIMITED
Active
5.0 Cr 1 Gujarat

Registered Details

CIN

U74999GJ2015PLC083378

PAN

AAJCM7672A

Incorporation

2015, 9.9 years

Company Email

PRAGNESH.DARJI@adani.com

Paid up Capital

₹ 918.4 Cr

Authorised Capital

₹ 1,000.0 Cr

AGM

Jun 2024

Type

Public
Non-government Company

FAQ - MUNDRA SOLAR PV LIMITED

What is the incorporation date of MUNDRA SOLAR PV LIMITED?

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The incorporation date of MUNDRA SOLAR PV LIMITED is 01 June, 2015

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

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The authorized share capital of MUNDRA SOLAR PV LIMITED is INR ₹ 1,000.0 Cr.

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

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The paid-up capital of MUNDRA SOLAR PV LIMITED is INR ₹ 918.4 Cr.

What is the registered address of MUNDRA SOLAR PV LIMITED?

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

What is the CIN number of MUNDRA SOLAR PV LIMITED?

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The CIN number of MUNDRA SOLAR PV LIMITED is U74999GJ2015PLC083378.

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