BRIGHT

Bright Solar Share PriceBright Solar

₹7.15
0.65 (10%)
As on 07 December, 2023 | 03:27 BSE: NSE: BRIGHTISIN: INE684Z01010

Bright Solar Performance

Day Range

  • Low 6.05
  • High 7.15
₹ 7.15

52 Week Range

  • Low 4.65
  • High 10.48
₹ 7.15
  • Open Price7.10
  • Previous Close6.50
  • Volume1464000

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Bright Solar Share Price

  • Over 1 Month 41.58%
  • Over 3 Month 30%
  • Over 6 Month 44.44%
  • Over 1 Year 28.83%

Bright Solar Key Statistics

P/E Ratio
PEG Ratio
Market Cap Cr 18
Price to Book Ratio 0.6
EPS 0
Dividend 0
Relative Strength Index 86
Money Flow Index 96.72
MACD Signal 0.12
Average True Range 0.33

Bright Solar Investment Rating

  • Master Rating:
  • Bright Solar has an operating revenue of Rs. 78.76 Cr. on a trailing 12-month basis. An annual revenue growth of 221% is outstanding, Pre-tax margin of 0% needs improvement, ROE of 0% is poor and needs improvement. The company has a reasonable debt to equity of 1%, which signals a healthy balance sheet. From an O'Neil Methodology perspective, the stock has an EPS Rank of 39 which is a POOR score indicating inconsistency in earnings, a RS Rating of 51 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at A+ which is evident from recent demand for the stock, Group Rank of 47 indicates it belongs to a fair industry group of Bldg-Heavy Construction and a Master Score of D is close to being the worst. Overall, the stock has poor technical strength and poor fundamentals, there are superior stocks in the current market environment. Please note that this is a thinly traded stock.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Bright Solar Financials
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 247
Operating Expenses Annual Cr 2414
Operating Profit Annual in Cr 0-7
Depreciation Cr 00
Interest Annual Cr 00
Tax Annual Cr 00
Net Profit Annual Cr 0-7
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 1
Cash from Investing Activity Annual Cr -1
Cash from Financing Annual Activity Cr 0
Net Cash Flow Annual Cr 0
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 3131
Fixed Assets Annual Cr 44
Total Non Current Assets Annual Cr 1118
Total Current Assets Annual Cr 3623
Total Assets Annual Cr 4741
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 1515
ROE Annual % 0-24
ROCE Annual % 0-23
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 2-96
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr
Operating Expenses Annual Cr
Operating Profit Annual in Cr
Depreciation Cr
Interest Annual Cr
Tax Annual Cr
Net Profit Annual Cr
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr
Cash from Investing Activity Annual Cr
Cash from Financing Annual Activity Cr
Net Cash Flow Annual Cr
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr
Fixed Assets Annual Cr
Total Non Current Assets Annual Cr
Total Current Assets Annual Cr
Total Assets Annual Cr
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs
ROE Annual %
ROCE Annual %
Total Debt to Total Equity Annual --
EBDIT Annual Margin %

Bright Solar Technicals

EMA & SMA

Current Price
₹7.15
0.65 (10%)
pointer
  • Bullish Moving Average
  • ___
  • 16
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • ₹5.62
  • 50 Day
  • ₹5.39
  • 100 Day
  • ₹5.33
  • 200 Day
  • ₹5.41
  • 20 Day
  • ₹5.46
  • 50 Day
  • ₹5.32
  • 100 Day
  • ₹5.18
  • 200 Day
  • ₹5.48

Bright Solar Resistance and Support

PIVOT
₹6.79
Resistance
First Resistance 7.52
Second Resistance 7.88
Third Resistance 8.62
RSI 86.00
MFI 96.72
MACD Single Line 0.12
MACD 0.30
Support
First Resistance 6.42
Second Resistance 5.68
Third Resistance 5.32

Bright Solar Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 1,464,000 129,900,720 88.73
Week 765,000 67,801,950 88.63
1 Month 259,429 22,671,463 87.39
6 Month 168,456 14,231,163 84.48

Bright Solar Result Highlights

Bright Solar Synopsis

NSE-Bldg-Heavy Construction

Bright Solar is involved in the business activities of Electric power generation using solar energy. Company’s Total Operating Revenue is Rs. 23.58 Cr. and Equity Capital is Rs. 20.40 Cr. for the Year ended 31/03/2023. Bright Solar Ltd. is a Public Limited Listed company incorporated on 23/04/2010 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L51109GJ2010PLC060377 and registration number is 060377.
Market Cap 18
Sales 24
Shares in Float 2.49
No of funds
Yield 0.22
Book Value 0.47
U/D Vol ratio 3
LTDebt / Equity 1
Alpha 0.03
Beta 0.64

Bright Solar

Owner NameSep-23Apr-23Mar-23
Promoters 0.2%0.2%0.24%
Individual Investors 91.17%85.15%89.31%
Others 8.63%14.65%10.45%

Bright Solar Management

Name Designation
Mr. Piyushkumar Babubhai Thumar Chairman & Managing Director
Mr. Ajay Raj Singh Executive Director
Ms. Jagrutiben Joshi Non Executive Director
Mr. Viren Rajeshkumar Makwana Independent Director
Mrs. Shivangi Gajjar Independent Director

Bright Solar Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Bright Solar Corporate Action

Date Purpose Remarks
2023-05-31 Audited Results (Revised) issue of equity shares of Rs. 10/- in the ratio of 2:9 @ par.
2023-01-11 Others To consider, Fund raising through issue of equity shares of the Company on Rights basis to the existing equity shareholders of the Company and other business matters. issue of equity shares of Rs. 10/- in the ratio of 2:9 @ par.
2022-11-15 Quarterly Results (Revised) issue of equity shares of Rs. 10/- in the ratio of 2:9 @ par.
2021-11-11 Quarterly Results
2021-06-17 Audited Results & Dividend (Revised) issue of equity shares of Rs. 10/- in the ratio of 2:9 @ par.
Date Purpose Remarks
2021-09-17 FINAL Recommended Final Dividend of 0.01 per equity share

Bright Solar FAQs

What is Share Price of Bright Solar ?

Bright Solar share price is ₹7 As on 07 December, 2023 | 03:13

What is the Market Cap of Bright Solar ?

The Market Cap of Bright Solar is ₹17.8 Cr As on 07 December, 2023 | 03:13

What is the P/E ratio of Bright Solar ?

The P/E ratio of Bright Solar is As on 07 December, 2023 | 03:13

What is the PB ratio of Bright Solar ?

The PB ratio of Bright Solar is 0.6 As on 07 December, 2023 | 03:13

Q2FY23