Surana Solar Limited (SURANASOL.NS)

Surana Solar Limited (SURANASOL.NS) — VMCI valuation read

Headline read on SURANASOL.NS: VMCI of 39/100 versus a Energy sector median of 50. The 11-point below-median position is what makes Surana Solar Limited a relative-value laggard in the mid-cap cohort, before any pillar-level review.

Form 4 filings on SURANASOL.NS: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on SURANASOL.NS: value (SURANASOL.NS trades at 21.0x earnings, 17% above the Energy median of 18.0x), quality (ROIC of 11.0% sits 1.0pp above the Energy median (10.0%)), and risk (net debt to EBITDA of 2.6x is the rate-sensitivity line to watch). The value read also implies an EV/EBITDA gap of +4.0x against the Energy 12.0x baseline.

SURANASOL.NS rose 2.7% over the trailing 7 days, with a -18.8% read on a 30-day basis.