Get 3 FREE Trade Ideas
SEBI registered experts • Ends Today
Australian Premium Solar (India) CMP Rs 236 (19 Oct 2026). Market cap Rs 475 Cr. ROE 35.24%. P/E 8.18x versus Industry P/E 44.36x.
Updated: 19 Oct 2026 • 10:13 am
Posted by: Neeraj Pandey
Quick Answer
Australian Premium Solar (India) is one of the names investors compare when screening the Solar Equipment sector. Whether it is the best stock in its sector depends on whether an investor prioritises return ratios, valuation or balance sheet strength. This article sets it against two named peers and the sector benchmark so you can judge for yourself.
Is Australian Premium Solar (India) the best stock in its sector? The stock trades on the NSE at Rs 236 as of 19 October 2026, within its 52-week range of Rs 213.70 to Rs 543.95. The sections below cover the business, the key ratios, a peer comparison and a closer look at valuation.
Also read – Is Abbott India the Best Stock in Its Sector? A Look at the Numbers
Click Here – Get Free Investment Predictions
Table of Contents
Australian Premium Solar (India) Ltd, incorporated in 2013, is a solar panel and inverter manufacturer and an EPC services provider. It manufactures monocrystalline and TOPCon solar modules and serves residential, commercial, industrial and agricultural customers. A company announcement dated 16 October said a new 400 MW TOPCon line began commercial production on 13 October, raising module capacity from 800 MW to 1.2 GW. At a market capitalisation of Rs 475 Cr, it is tracked as part of the Solar Equipment sector on Univest.
Australian Premium Solar (India) makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, backed by its return on equity. Australian Premium Solar (India)’s 8.18x P/E is below the 44.36x Industry P/E, Premier Energies at 24.70x and Vikram Solar at 14.89x, while its 35.24% ROE is higher than Premier Energies at 35.05% and Vikram Solar at 14.85%, and its debt to equity ratio of 0.28 is below Premier Energies at 0.86, though above Vikram Solar at 0.20.
Compare Australian Premium Solar (India) Against Other Solar Equipment Sector Stocks
The table below sets Australian Premium Solar (India) against 2 other Solar Equipment sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
Measured against the peer averages, Australian Premium Solar (India)’s P/E is 59 percent below the 19.80x average, and its ROE is 10.29 percentage points above the 24.95% average. An average of just two companies is a rough guide, so treat the gap as a pointer for further research and not as a verdict.
At a P/B ratio of 2.89, the market pays about Rs 2.89 for every rupee of book value, and the EPS (TTM) of Rs 28.80 is the earnings base behind the P/E. The stock trades about 57 percent below its 52-week high and about 10 percent above its 52-week low. The company does not currently show a dividend yield, so returns for shareholders depend mainly on the share price. As with any single stock, investors should weigh these figures against their own valuation discipline and risk appetite rather than the sector label alone.
Also read – Is Oracle Financial Services Software the Best Stock in Its Sector? A Look at the Numbers
Download the Univest iOS App or Univest Android App to track Australian Premium Solar (India) and other Solar Equipment sector stocks.
Before deciding whether Australian Premium Solar (India) deserves its label as the best stock in its sector for your own portfolio, compare it directly against Solar Equipment sector peers using the steps below.
Australian Premium Solar (India) gives investors a clear set of numbers to work with, from returns and valuation to leverage and peer standing. Whether it earns the label of best stock in Solar Equipment depends on how much weight you give each of them and on how the business executes from here. Because the stock trades below its sector benchmark, the open question is whether earnings growth will close that gap or whether the discount is deserved. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Ans. There is no single definitive answer, because the best stock in a sector depends on whether an investor is prioritising returns, valuation or balance sheet strength. Australian Premium Solar (India) has a 35.24% ROE and trades at 8.18x P/E against a 44.36x Industry P/E. Against the 2 peers compared in this article, its ROE is above the 24.95% peer average and its P/E is below the 19.80x peer average. Its debt to equity ratio of 0.28 is below the 0.53 peer average, which matters because borrowing can inflate returns and add risk when business conditions weaken. These figures are best read together rather than in isolation, and they work as a starting point for your own research and not as a verdict.
Ans. Australian Premium Solar (India) was trading at Rs 235.70 on the NSE as of 19 October 2026, and its 52-week range runs from Rs 213.70 to Rs 543.95. That leaves the share price 57 percent short of the 52-week high and 10 percent clear of the 52-week low. Its market capitalisation is Rs 475 Cr and its EPS (TTM) is Rs 28.80, which is the earnings figure behind the 8.18x P/E. Share prices change through the trading day, so check the live quote on Univest before acting on any number here.
Ans. Australian Premium Solar (India) is classified under the Solar Equipment sector on Univest, and that group of listed companies is the reference point for the 44.36x Industry P/E used in this article. The 2 named peers compared here are Premier Energies and Vikram Solar, chosen as comparable listed names so that the P/E, ROE and debt figures come from the same live data source. Investors who want a wider view can compare more Solar Equipment sector stocks on the Univest Screener, since no two companies in a sector have exactly the same business mix.
Ans. Australian Premium Solar (India)’s P/E of 8.18x is below the 19.80x average of the 2 named peers, with Premier Energies at 24.70x and Vikram Solar at 14.89x. It also sits below the 44.36x Industry P/E, which is the benchmark for the wider Solar Equipment sector. A P/E that is below a peer average can reflect a valuation discount or premium, but it can also reflect different growth or return expectations, so it should be read alongside ROE and debt. Its P/B ratio of 2.89 gives one more view of how the market values its book value.
Ans. Australian Premium Solar (India) reported a return on equity of 35.24%, which is above the 24.95% average of its named peers, with Premier Energies at 35.05% and Vikram Solar at 14.85%. ROE shows how much profit a company generates on every rupee of shareholders’ equity, so a higher figure generally points to more efficient use of capital. ROE is easier to trust when leverage is modest, and here the debt to equity ratio is 0.28 against a peer average of 0.53. It is worth checking whether the ROE has been stable over several years rather than relying on a single reading.
Ans. Sector position is only one input into an investment decision. Australian Premium Solar (India) has a 35.24% ROE and a 8.18x P/E, which make it worth researching further, and its dividend yield is 0.00%. You should also weigh its business outlook, earnings consistency, debt levels, your investment horizon and your own risk appetite before buying. Spreading money across several stocks and sectors reduces concentration risk, and this article is educational content, not investment advice. For personalised guidance, consult a SEBI-registered advisor.
Is Viviana Power Tech the Best Stock in Its Sector? A Look at the Numbers
19 October 2026
Is Gaja Alternative Asset Management the Best Stock in Its Sector? A Look at the Numbers
19 October 2026
Is German Green Steel and Power the Best Stock in Its Sector? A Look at the Numbers
19 October 2026
Is Akiko Global Services the Best Stock in Its Sector? A Look at the Numbers
19 October 2026
Note: This blog is for information purpose only. Investments and trading are subject to market risks, read all scheme related documents carefully.
Recent Posts
Is Viviana Power Tech the Best Stock in Its Sector? A Look at the Numbers
Is Gaja Alternative Asset Management the Best Stock in Its Sector? A Look at the Numbers
Is German Green Steel and Power the Best Stock in Its Sector? A Look at the Numbers
Is Akiko Global Services the Best Stock in Its Sector? A Look at the Numbers
Is Sunlite Recycling Industries the Best Stock in Its Sector? A Look at the Numbers
Uniresearch Global Pvt Ltd
Research Analyst
SEBI Registration Number — INH000013776
Uniresearch is a subsidiary of Univest Communication Technologies Private Limited
Company Address: Registered Address: Ground Floor, Unitech Commercial Tower 2, Block B, Greenwood City, Unit 1-3, Sector 45, Gurugram, Haryana 122003
Write to us : support@univest.in, compliance@univest.in
PRO MEMBERSHIPS
Your money deserves clarity,
not chaos.
RESEARCH ANALYST
Get 3 FREE Trades Ideas
for Startups Accelerator 2024
Trusted by 1Cr Indians
Awarded No.1 by Economic Times
RESEARCH ANALYST
Get 3 FREE Trade Ideas
for Startups Accelerator 2024
Trusted by 1Cr Indians
Awarded No.1 by Economic Times
GET THE APP
SEBI Registered Analyst-backed Picks. Free Demat. One App
100% Safe and Secure Platform
Univest encrypts all data and transactions to ensure a completely secure experience for our members.
Products
Company
Support
Research.
Invest.
Grow.
Copyright
2026 Univest. All rights reserved. |
Designed with ❤️ in India

source