Australian Premium Solar (India) share price today

Australian Premium Solar (India) Ltd's share price was ₹224.50 at the close on 6 November 2026. It has been falling for 45 weeks. That is 29.6% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 24 weeks running.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Australian Premium Solar (India) Ltd is in stage 4. The phase helps read everything below.

In the last 52 weeks it traded between ₹206 and ₹467, and at that close it sat 7% of the way up from that low.

Over the last 2.8 years the share price moved +39% while the NIFTY 500 moved +13%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 12 June 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

For January to March 2026 (the quarter ended 31 March 2026), Australian Premium Solar (India) reported revenue of ₹405 crore, up 47.3% from ₹275 crore a year earlier, and a profit of ₹29.0 crore, up 7.4% from ₹27.0 crore.

Australian Premium Solar (India) results: January to March 2026 against a year earlier

The next results, for April to June 2026, were due by 14 August 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). This page shows them once our weekly data update has read them.

Australian Premium Solar (India)'s management discussed these results on a call held on 27 May 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 31 March 2026). Revenue and profit in ₹ crore.

Australian Premium Solar (India) closed at ₹224.50 on 6 November 2026, down 52.9% from ₹476.15 a year earlier (7 November 2025). Its highest weekly close since January 2024 was ₹632.60 on 6 June 2025.

Australian Premium Solar (India) share price: then and now

Weekly closing prices. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

153 weekly closes from 20 January 2024 to 6 November 2026.

6 Nov 2026: Australian Premium Solar (India) closed at ₹224.50, up 9.2% on the week and up 0.9% on the month. 27 May 2026: Australian Premium Solar (India) held its results call for January to March 2026. Management guided: FY27 revenue growth 30-35%.

Earlier

• Results for January to March 2026: Revenue up 47.3% and profit up 7.4% on a year earlier.

Australian Premium Solar (India) has paid no dividend on the NSE since its first NSE close in our records (20 January 2024), the start of the period we checked.

No. Australian Premium Solar (India) Ltd paid out 0% of its profit as dividends in each of its last 7 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 7 November 2026.

On the call for January to March 2026, held on 27 May 2026, Australian Premium Solar (India)'s management guided: FY27 revenue growth 30-35%.

“We believe there is no need for APS to enter the solar cell business; we better invest where we manage financial discipline and future growth”Nikunj Patel, explaining strategic pivot away from backward integration, on the call for January to March 2026

What management guided

• Pump revenue expected 35-40% of consolidated by FY27 versus 43% H2 FY26.
• Segment operating margin guidance: pump 12-14%; wholesale 7-9%; retail and C&I 13-15%.
• Topcon expansion 400 MW to be operational by August 2026.
• Minimum net asset growth goal 30% per annum for next 3 years.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for January to March 2026, 27 May 2026.

When Australian Premium Solar (India) reports April to June 2026, these are the 4 checks that show whether the story is still on course. First: 400 MW Topcon line operational by August 2026 - per management execution timeline; will unlock second phase capacity and margin improvement per 10-15 rupee per panel cost reduction guidance.

Australian Premium Solar (India) is not on any of our India lists this week.

Australian Premium Solar (India) Ltd earned ₹29.0 Cr of net profit in the Mar 2026 quarter, +7.4% on the same quarter a year earlier. That is the 5th quarter in a row of profit growth. Full-year FY26 profit was ₹58.0 Cr. Over 6 years profit has grown 96.7% a year on average. That is 7.2% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹6.0 Cr.

For the full year, FY26 profit was ₹58.0 Cr (+45.0% on the year before).

Why profit moved: revenue changed +47.3% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +203.4% and revenue +125.1%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Australian Premium Solar (India) Ltd reported ₹405 Cr of revenue in the Mar 2026 quarter, +47.3% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 6 years it has grown 55.5% a year on average. The last full year, FY26, came in at ₹708 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹708 Cr, +61.3% on the year before.

Recent pace: the last four quarters grew +125.1% on average, against 55.5% a year over the longer run, so this year is growing faster than its own long-run rate.

Australian Premium Solar (India) Ltd's operating margin was 13.0% in the Mar 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Over the last four quarters it has moved +7.0 percentage points. Across 7 years it has been between 5.0% and 13.0%.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

The latest quarter is within that range.

Why the margin moved: operating margin changed −0.7 percentage points on the year while gross margin changed +7.4 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

Over the last 3 years, 13% of Australian Premium Solar (India) Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 its operations used ₹5.0 Cr of cash, against ₹58.0 Cr of profit. After ₹46.0 Cr of spending on assets, free cash was −₹51.0 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 13% of profit came in as cash: the cash cycle got 96 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 96 days longer. The next section looks at where the cash is stuck.

Australian Premium Solar (India) Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 43 days in FY26, up from −53 days in FY21. It spent ₹74.0 Cr on assets over the last 3 years. Customers take 87 days to pay, and stock sits for 40 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹708 Cr, each day of that cycle ties up about ₹1.9 Cr, so roughly ₹83.0 Cr is tied up in the business at any time.

FY26: customers took 87 days to pay and stock sat for 40 days, about 1.3 months of sales sitting as stock, for a full cycle of 43 days, longer than FY21's −53.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 40 days. Customers pay about 87 days after that. Suppliers are paid at 84 days. Together that makes the 43-day cycle.

Spending on assets: ₹74.0 Cr over the last 3 years, against ₹14.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Australian Premium Solar (India) Ltd's P/E is 7.8×, about the lowest it has ever been. Its usual P/E (the middle reading) is 20.8×, over 2.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.

Why the multiple is where it is: over the past year earnings per share moved +41.4% while the price moved −52.9%. Earnings did better than the price, which pulled the multiple down within its own range.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

A quarterly PEG curve, which only the second data source has, is not shown on this page: its two data sources disagree by up to 66% on reported income across 6 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Australian Premium Solar (India) Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 5 quarters of 1 measure, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Australian Premium Solar (India) Ltd earned a ROCE of 56% in FY26. That is up from a low of 23% in FY24. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 8.2% net margin and 1.83× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 8.2% net margin × 1.83× asset turnover × 2.36× leverage (assets divided by equity) ≈ 35.4% on equity. The margin does its share; borrowing is a big part of it.

The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 66% on reported income across 6 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Australian Premium Solar (India) Ltd had ₹45.0 Cr of borrowings against ₹164 Cr of equity in FY26, so its debt is 0.27× its equity. Its operating profit is 19 times its interest bill. Over 5 years borrowings went from ₹3.0 Cr to ₹45.0 Cr. Over the last 3 of those years it spent ₹74.0 Cr on assets.

Debt-to-equity shows how much of the business is paid for with borrowed money. Interest cover shows how many times operating profit pays the interest bill. Low debt and high cover are the safe combination.

Part of the spending on assets is being paid for with borrowed money.

The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 66% on reported income across 6 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Domestic institutions cut their stake in Australian Premium Solar (India) Ltd by 3.0 percentage points over 6 quarters, the biggest change among its owners. Domestic institutions now own 0.5% of the company. Foreign institutions moved −1.4 points over the same period, to 0.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Domestic institutions: −3.0 points over 6 quarters, to 0.5%; Foreign institutions: −1.4 points over 6 quarters, to 0.0%; Promoters: −1.0 points over 6 quarters, to 72.6%.

Why the owners changed: domestic institutions drove it (−3.0 points), together with foreign institutions (−1.4 points). They reduced their stake.

For Australian Premium Solar (India) Ltd, the Z-score is left out, because it comes from the second data source we could not check, and a safety score is not worth showing when two sources disagree. It estimates how far the balance sheet is from trouble; it is not a forecast of failure.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

56.8 out of 100, rank 6 of 7 in Capital Goods - Solar, with 22% of the evidence available. It is provisional, so it is ranked below companies with full evidence.

Australian Premium Solar (India) Ltd scores 56.8 out of 100 against the 7 companies it is compared with in Capital Goods - Solar, ranking 6. Some evidence is missing, so the score is pulled toward the middle on purpose.

The three scored parts add up to the total exactly: 21.9 + 21.3 + 13.6 = 56.8 (no relative-strength reading this week; its 20 points are shared across the other three). This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Australian Premium Solar (India) ranks 6 of 7 Capital Goods - Solar companies on the 4-Factor Sector Score, with 56.8 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Capital Goods - Solar, all 7 compared on one page.

Australian Premium Solar (India) is the 6th largest of 7 Capital Goods - Solar companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Waaree Energies, Premier Energies, Vikram Solar, Websol Energy System and Solex Energy. Just below it: Bright Solar.

Capital Goods - Solar companies close in size

1. Waaree Energies Ltd ₹66,275 crore
2. Premier Energies Ltd ₹39,766 crore
3. Vikram Solar Ltd ₹4,540 crore
4. Websol Energy System Ltd ₹2,849 crore
5. Solex Energy Ltd ₹580 crore
6. Australian Premium Solar (India) Ltd ₹474 crore
7. Bright Solar Ltd ₹7 crore

All 7 Capital Goods - Solar companies, largest first

Companies close in size in other industries

2084. High Energy Batteries (India) Ltd ₹476 crore · Aerospace & Defence - Equipments
2085. Laxmi India Finance Ltd ₹476 crore · NBFC - Others
2086. Australian Premium Solar (India) Ltd ₹474 crore
2087. DIC India Ltd ₹474 crore · Speciality Chemicals
2088. Ksolves India Ltd ₹474 crore · IT - Software

Sector Alpha, written by code from the published numbers. Data as of 6 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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