Bright Solar
BRIGHT NSE
Bright Solar
IndustrialsNSE: BRIGHT Industrial Products
Key Fundamentals
P/E Ratio
0
Return on Equity
0%
Debt to Equity
0.03
Book Value
₹0
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company is almost debt free.
- Stock is trading at 0.24 times its book value
Weaknesses
6- The company has delivered a poor sales growth of -39.5% over past five years.
- Promoter holding is low: 0.20%
- Company has a low return on equity of -3.99% over last 3 years.
- Contingent liabilities of Rs.2.20 Cr.
- Company has high debtors of 2,123 days.
- Working capital days have increased from 808 days to 1,825 days
Growth Rate
Revenue Growth
-82% lower than
3Y
Net Income Growth
97% higher than
3Y
Quarterly Results
| Particulars | Sep 2019 | Mar 2020 | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3.27 | 20.2 | 13.99 | 10.54 | 1.49 | 5.7 | 4.52 | 19.06 | 0.52 | 9.02 | 0.47 | 1.43 | 0.26 |
| Expenses | 2.61 | 19.46 | 13.39 | 10.61 | 4.11 | 10.3 | 4.45 | 19.15 | 1.05 | 12.08 | 0.61 | 1.49 | 0.41 |
| Operating Profit | 0.66 | 0.74 | 0.6 | -0.07 | -2.62 | -4.6 | 0.07 | -0.09 | -0.53 | -3.06 | -0.14 | -0.06 | -0.15 |
| OPM % | 20.18% | 3.66% | 4.29% | -0.66% | -175.84% | -80.7% | 1.55% | -0.47% | -101.92% | -33.92% | -29.79% | -4.2% | -57.69% |
| Other Income | 0.05 | 0.12 | 0.05 | 0.21 | 0.05 | 0.25 | 0.5 | -0.05 | -2.51 | 0.2 | 0.19 | 0.21 | 0.06 |
| Interest | 0.04 | 0.04 | 0.04 | 0.06 | 0.01 | 0.05 | 0.02 | 0.02 | 0.02 | 0.01 | 0 | 0.01 | 0.01 |
| Depreciation | 0.21 | 0.22 | 0.2 | 0.2 | 0.19 | 0.21 | 0.16 | 0.16 | 0.04 | 0.03 | 0.02 | 0.01 | 0.01 |
| PBT | 0.46 | 0.6 | 0.41 | -0.12 | -2.77 | -4.61 | 0.39 | -0.32 | -3.1 | -2.9 | 0.03 | 0.13 | -0.11 |
| Tax % | 28.26% | 70% | 26.83% | 0% | 0% | 0% | 23.08% | -25% | 0% | 0% | 0% | 76.92% | 0% |
| Net Profit | 0.34 | 0.18 | 0.3 | -0.12 | -2.77 | -4.61 | 0.3 | -0.24 | -3.1 | -2.9 | 0.03 | 0.02 | -0.11 |
| EPS in Rs | 0.14 | 0.07 | 0.12 | -0.05 | -1.11 | -1.85 | 0.12 | -0.1 | -1.24 | -1.16 | 0.01 | 0.01 | -0.04 |
Profit & Loss
| Particulars | Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.48 | 47.76 | 14.99 | 18.03 | 39.58 | 57.41 | 23.4 | 24.39 | 7.19 | 23.58 | 9.54 | 1.9 |
| Expenses | 1.45 | 44.45 | 13.71 | 14.99 | 29.89 | 53.32 | 21.99 | 23.66 | 14.4 | 23.6 | 13.11 | 2.1 |
| Operating Profit | 0.03 | 3.31 | 1.28 | 3.04 | 9.69 | 4.09 | 1.41 | 0.73 | -7.21 | -0.02 | -3.57 | -0.2 |
| OPM % | 2.03% | 6.93% | 8.54% | 16.86% | 24.48% | 7.12% | 6.03% | 2.99% | -100.28% | -0.08% | -37.42% | -10.53% |
| Other Income | 0 | 0.05 | 0.44 | 0.1 | 0.3 | 0.43 | 0.17 | 0.26 | 0.3 | 0.45 | -2.32 | 0.4 |
| Interest | 0 | 0.28 | 0.6 | 0.53 | 0.33 | 0.08 | 0.09 | 0.3 | 0.06 | 0.04 | 0.03 | 0.01 |
| Depreciation | 0 | 0.11 | 0.08 | 0.06 | 0.11 | 0.42 | 0.42 | 0.4 | 0.4 | 0.32 | 0.07 | 0.03 |
| PBT | 0.03 | 2.97 | 1.04 | 2.55 | 9.55 | 4.02 | 1.07 | 0.29 | -7.37 | 0.07 | -5.99 | 0.16 |
| Tax % | 33.33% | 34.01% | 32.69% | 33.33% | 35.08% | 41.79% | 51.4% | 37.93% | 0% | 14.29% | 0% | 62.5% |
| Net Profit | 0.02 | 1.97 | 0.71 | 1.71 | 6.2 | 2.34 | 0.52 | 0.18 | -7.37 | 0.05 | -6 | 0.06 |
| EPS in Rs | — | 15.15 | 3.94 | 9.5 | 3.39 | 0.94 | 0.21 | 0.07 | -2.96 | 0.02 | -2.4 | 0.02 |
| Div. Payout % | 0% | 6.73% | 21.13% | 0% | 2.42% | 8.72% | 39.23% | 11.33% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 1.06 | 1.5 | 1.5 | 15 | 20.4 | 20.4 | 20.4 | 20.4 | 20.4 | 25 | 25 |
| Reserves | 0.03 | 3.06 | 7.16 | 8.69 | 1.39 | 17.53 | 17.8 | 17.77 | 10.37 | 10.43 | 4.43 | 4.49 |
| Borrowings | 1.24 | 6.16 | 3.34 | 2.67 | 1.41 | 0.48 | 0.7 | 0.51 | 3.62 | 1.83 | 0.97 | 0.97 |
| Other Liabilities | 2.05 | 28.64 | 10.12 | 19.78 | 11.98 | 12.31 | 14.47 | 11.69 | 6.51 | 14.7 | 6.67 | 7.13 |
| Total Liabilities | 3.33 | 38.92 | 22.12 | 32.64 | 29.78 | 50.72 | 53.37 | 50.37 | 40.9 | 47.36 | 37.07 | 37.59 |
| Fixed Assets | 0.01 | 0.27 | 0.2 | 0.15 | 0.39 | 0.69 | 4.46 | 4.35 | 4.42 | 4.3 | 0.38 | 0.11 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0.13 | 0.85 | 0 | 0 | 0 | 0.23 | 0.28 | 0.94 | 0.72 | 0.49 | 0.48 |
| Other Assets | 3.32 | 38.52 | 21.07 | 32.49 | 29.39 | 50.03 | 48.68 | 45.74 | 35.54 | 42.34 | 36.2 | 37 |
| Total Assets | 3.33 | 38.92 | 22.12 | 32.64 | 29.78 | 50.72 | 53.37 | 50.37 | 40.9 | 47.36 | 37.07 | 37.59 |
Cash Flow
| Particulars | Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 0 | -4.66 | 3.01 | 1.24 | 5.93 | -11.59 | 1.95 | 0.14 | 1.02 | -7.63 | -5.2 | -1.29 |
| Investing | 0 | 0.05 | -0.63 | 0 | -7.55 | -6.76 | -0.45 | -0.86 | -1.23 | 7.53 | 2.01 | -0.06 |
| Financing | 0 | 4.62 | -0.64 | -0.76 | 0.22 | 18.09 | -0.08 | -0.42 | 0.11 | -0.15 | 4.49 | 0.09 |
| Net Cash Flow | 0 | 0.01 | 1.74 | 0.48 | -1.4 | -0.25 | 1.42 | -1.15 | -0.1 | -0.24 | 1.31 | -1.27 |
| Free Cash Flow | 0 | -4.65 | 2.99 | 1.24 | 5.67 | -12.02 | -1.96 | 0.13 | 0.85 | -7.62 | -3.89 | -0.89 |
| CFO/OP | 0 | -134 | 263 | 51 | 86 | -231 | 225 | 115 | -17 | 37,500 | 146 | 645 |
Ratios
| Particulars | Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 232 | 273 | 118 | 300 | 121 | 68.16 | 306 | 136 | 321 | 195 | 379 | 2,123 |
| Inventory Days | — | 8.78 | 23.95 | 0 | 41.46 | — | — | — | 111 | — | 42.25 | 138 |
| Days Payable | — | 218 | 134 | — | 117 | — | — | — | 140 | — | 100 | 697 |
| Cash Conversion Cycle | 232 | 64.29 | 8.41 | 300 | 45.29 | 68.16 | 306 | 136 | 292 | 195 | 321 | 1,564 |
| Working Capital Days | 293 | 58.08 | 204 | 89.48 | 47.49 | 122 | 281 | 273 | 513 | 279 | 321 | 1,825 |
| ROCE % | 4.11% | — | 14.72% | 24.78% | 64.38% | 14.59% | 3% | 1.52% | -20.01% | 0.33% | -10.85% | 0.03% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Bright Solar insights
29 extracted metrics + investor summaries across FY12–FY25.
Documents
1
Resignation of Director/KMP/SMP
13 Aug - Bright Solar Limited has informed about Resignation of Director/KMP/SMP 13 Aug - Bright Solar Limited has informed about Resignation of Director/KMP/SMP
2
Resignation of Director/KMP/SMP
13 Aug - Bright Solar Limited has informed about Resignation of Director/KMP/SMP 13 Aug - Bright Solar Limited has informed about Resignation of Director/KMP/SMP
3
Resignation
13 Aug - Tejas Ashokkumar Shah resigned as Whole-time Director and CFO effective 13 August 2026. 13 Aug - Tejas Ashokkumar Shah resigned as Whole-time Director and CFO effective 13 August 2026.
4
Resignation of Director/KMP/SMP
13 Aug - Bright Solar Limited has informed about Resignation of Director/KMP/SMP 13 Aug - Bright Solar Limited has informed about Resignation of Director/KMP/SMP
5
General Updates
23 Jul - Company Secretary and Compliance Officer Anand Lohia ceased from 13 July 2026, citing career opportunities. 23 Jul - Company Secretary and Compliance Officer Anand Lohia ceased from 13 July 2026, citing career opportunities.
Frequently Asked Questions about Bright Solar
What does Bright Solar Ltd do?
Incorporated in 2010, Bright Solar Ltd is into assembling of DC/AC Solar Pumps and Solar Pump Systems, EPC contracts of Solar Photo voltaic Water pumps, consulting of Projects
and tenders, Water supply and Sewerage
Infra Project[1]
Where is Bright Solar Ltd (BRIGHT) listed?
Bright Solar Ltd trades as BRIGHT on the NSE.
Which sector does Bright Solar Ltd belong to?
Bright Solar Ltd is classified under the Industrials sector, in the Industrial Products industry.
What is the PE ratio of Bright Solar Ltd?
Bright Solar Ltd trades at a PE ratio of 0.00, against a book value of ₹0 per share.
Does Bright Solar Ltd pay dividends?
Bright Solar Ltd has a dividend yield of 0.36%.
What is the Return on Equity (ROE) of Bright Solar Ltd?
Bright Solar Ltd reported a return on equity of 0.00%. Its debt-to-equity ratio is 0.03.
Company Information
Incorporated in 2010, Bright Solar Ltd is into assembling of DC/AC Solar Pumps and Solar Pump Systems, EPC contracts of Solar Photo voltaic Water pumps, consulting of Projects and tenders, Water supply and Sewerage Infra Project[1]
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