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Mundra Solar Pv Limited
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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.

Industry

Business Services

Products

mono solar panel, bifacial solar panel, Multi solar panel

Key Metrics

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

Total Revenue

98.77%

₹ 3,254.0

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

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Locations

India (23)

State	Type	Address

Locations on Map

Tofler Score

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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.

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

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

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	9.92	8.8	10.18	10.87	14.15
Reserves	1.53	13.62	18.92	7.44	3.36
Borrowings +	53.08	44.64	51.96	43.43	28.63
Long term borrowings	38.99	21.1	19.09	14.46	17.8
Short term borrowings	14.09	23.54	32.87	28.96	10.83
Trade payables	13.99	14.01	3.31	4.25	3.26
Other liabilities +	35.47	32.95	18.94	38.26	53.86
Other non-current liabilities	12.73	11.46	12.92	9.74	14.19
Other current liabilities	8.74	7.48	2.72	24.27	36.4
Total liabilities
Fixed Assets +	58.3	48.8	52.79	61.11	35.2
Tangible assets	57.29	48.1	52.73	29.04	34.71
CWIP	0.93	0.64	0.01	32.04	0.48
Intangible assets	0.08	0.06	0.05	0.03	0.02
LT loans and advances	0.06	0.19	0.0	0.0	0.0
Other non-current assets	4.1	1.01	0.75	13.09	2.41
Current assets +	37.54	50.0	46.46	25.8	62.39
Inventories	9.04	8.8	8.93	4.95	30.07
Trade receivables	16.85	23.85	25.19	12.38	7.57
Cash and cash equivalents	0.01	1.83	0.28	0.75	4.31
ST loans and advances	0.44	0.04	0.02	0.02	0.01
Other current assets	11.19	15.47	12.03	7.71	20.43
Total assets

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

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.24	98.79	98.32	97.28	95.95
Expenses +	99.43	82.02	95.27	109.58	89.42
Cost of goods	60.33	54.62	66.67	77.63	69.32
Employee cost	5.07	3.73	2.77	1.91	1.56
Other costs	21.81	13.69	16.01	15.19	11.72
Operating profit	12.03	26.75	12.87	2.55	13.35
Other income	0.76	1.21	1.68	2.72	4.05
Interest	7.64	6.15	5.39	7.78	4.71
Depreciation	4.58	3.83	4.43	7.07	2.12
Exceptional items	0.0	0.0	0.0	-18.9	-2.7
Profit before tax	0.57	17.98	4.73	-28.48	7.87
Tax	-0.97	3.86	1.16	-7.01	2.07
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	1.54	14.12	3.57	-21.46	5.8

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

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

PNB INVESTMENT SERVICES LIMITED

No. of Loans: 4

Total Amount : 2,152.6 cr

PNB Investment Services Limited

No. of Loans: 1

Total Amount : 1,121.1 cr

Charge Holder	Amount	Date of creation/modification
PNB INVESTMENT SERVICES LIMITED	666.0 cr	27 Dec, 2023
PNB Investment Services Limited	1,121.1 cr	22 Dec, 2023
PNB INVESTMENT SERVICES LIMITED	1,121.0 cr	14 Dec, 2023
PNB INVESTMENT SERVICES LIMITED	200.0 cr	14 Dec, 2023
PNB INVESTMENT SERVICES LIMITED	165.6 cr	14 Dec, 2023

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, 10.0 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?

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

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

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?

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

What is the registered address of MUNDRA SOLAR PV LIMITED?

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?

The CIN number of MUNDRA SOLAR PV LIMITED is U74999GJ2015PLC083378.

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