Jupiter International Unlisted Shares
Jupiter International Ltd.
INE467C01019
Listing Status: DRHP Not Filed
About Jupiter International Unlisted Shares
Overview of Jupiter International Unlisted Shares
Company Overview:
Name: Jupiter International Ltd.
Industry: Solar Energy
Headquarters: Kolkata, West Bengal
Key Focus:
Jupiter International Ltd. is a prominent player in the solar energy market in Ethiopia. The company is involved in various aspects of the solar industry, including:
1. Solar Power Solutions: They provide comprehensive solar power solutions, including the design, installation, and maintenance of solar energy systems for both residential and commercial clients.
2. Solar Products: Jupiter International offers a range of solar products such as photovoltaic panels, solar inverters, batteries, and other related equipment necessary for effective solar power generation and storage.
3. Sustainability Initiatives: Jupiter International Ltd. is committed to promoting renewable energy and sustainability. Their projects often aim to reduce reliance on fossil fuels and decrease carbon emissions.
Product & Services:
Product Category |
Product Description |
Multi-Crystalline Photovoltaic Cells |
Photovoltaic cells made from multi-crystalline silicon, featuring a diamond wire saw cut, blue antireflective coating, and soldering pads. |
Multi-Crystalline Modules |
High-efficiency, reliable, and optimal output modules with approximately 16% efficiency and a fill factor over 75%. |
Roof Top Solutions |
Solar solutions for rooftops, including Grid Tied, Grid Interactive, and Off-Grid systems, driven by government subsidies and incentives. |
Off-Grid Solutions |
Solar systems that convert sunlight directly to electricity, independent of local utility grids, beneficial for areas without grid access. |
Ground Mounted Solutions |
Solar plants connected to the Utility Grid to feed surplus electricity, making it a source of income for the owner; suitable for home, industrial. |
Subsidiaries:
Jupiter Solar Power Limited
Sector: Renewable Energy (Solar)
Key Operations: Manufacturing of solar cells and modules, solar power generation.
Percentage of shareholding: 58.98%
PAT: 12.11 Cr
Funding Details:
Announced Date |
Money Raised |
Investor |
16 July, 2024 |
300 Cr |
Value Quest Advisors |
13 March, 2022 |
170 Cr |
Edelweiss Alternative Asset Advisors |
Expansion Plans: With the new investment, Jupiter International plans to establish a new manufacturing facility with a capacity of 1.8 GW for solar cells and 1.2 GW for solar modules. In addition to this, the company has entered into a joint venture with AmpIn Energy, aimed at developing an integrated solar cell and module capacity of 1.2 GW each. This expansion is expected to significantly bolster Jupiter International's position in the renewable energy sector.
Current Operations: Jupiter International is headquartered in Kolkata and operates a state-of-the-art solar cell manufacturing facility in Baddi, Himachal Pradesh, which currently has a production capacity of 800 MW per year. The company, which was incorporated in 2009, has made substantial strides in the renewable energy sector under the leadership of its promoter, Alok Garodia.
Management Team:
Devki Nandan Rajkumar Garodia Alok Garodia
VP - Operations Chairman Managing Director
Insights of Jupiter International Unlisted Shares
Particulars |
FY23 |
FY22 |
Revenue |
429.99 |
301 |
EBITDA |
21.64 |
48.69 |
PAT |
-35.89 |
34.49 |
PAT Margin |
-8.35% |
11.46% |
EPS |
-22.86 |
21.97 |
Key Takeaways:
- The company experienced significant revenue growth, increasing from ₹301 crore in FY22 to ₹429.99 crore in FY23, reflecting a 42.85% growth.
- EBITDA dropped sharply from ₹48.69 crore in FY22 to ₹21.64 crore in FY23, indicating a 55.56% decline. This suggests a deterioration in operating performance or increased operating costs.
- The company moved from a profit of ₹34.49 crore in FY22 to a loss of ₹35.89 crore in FY23. This indicates a significant decline in overall profitability.
Industry Overview
Global Solar Industry Growth:
- The global solar power industry is experiencing significant growth due to increasing focus on renewable energy, environmental sustainability, and reducing carbon emissions.
- According to various reports, the global solar power market is expected to grow at a CAGR of over 20% during the next decade, driven by both developed and developing countries transitioning to greener energy sources.
Rising Demand for Solar Power:
- Demand for solar energy has been driven by declining costs of solar photovoltaic (PV) technology and increasing electricity demand. The rise of grid parity (where solar becomes as affordable as traditional power sources) has further accelerated adoption.
- There is a growing demand for solar cells and modules, with key sectors such as residential, commercial, and industrial facilities increasingly installing solar energy systems.
India’s Renewable Energy Push:
- India, where Jupiter International operates, is rapidly advancing its renewable energy capacity, aiming for 500 GW of non-fossil fuel capacity by 2030.
- The Indian government has introduced various incentives, subsidies, and favorable policies to promote the adoption of solar energy. This includes initiatives like the Production-Linked Incentive (PLI) scheme for solar manufacturing and the development of large solar parks.
Competitive Market Landscape:
- India’s solar sector is highly competitive, with both domestic and international players, such as Adani Solar, Vikram Solar, and Waaree Energies, contributing to the solar module manufacturing space.
- Jupiter International faces competition from larger integrated solar companies that have well-established supply chains, economies of scale, and a strong market presence.
Peer Comparision:
Particulars |
Jupiter International Limited |
Modern Insulators ltd |
Revenue |
429.99 |
443 |
PAT |
-35.89 |
34.49 |
Net Profit Margin |
-8.35% |
11.46% |
CMP |
1675 |
138 |
MCAP |
2627.2 |
653 |
P/E Ratio |
-73.20 |
17.83 |
P/B Ratio |
51.22 |
1.53 |
Key Strenghts:
Presence of over a decade of group in solar cell manufacturing business: Jupiter group is an established player in the solar cell manufacturing sector, with an operational track record of over a decade. Mr. Alok Garodia (MD), son of Mr. R. K Garodia, with experience of more than a decade in solar industry is actively involved in the family business and looks after the day-to-day affairs of the group. A team of qualified and experienced personnel assist the directors to oversee the business.
Deterioration
in financial performance of FY23 albeit improvement witnessed from Q2FY24
onwards on the back of stabilization of newly commissioned unit: The
company's performance deteriorated in FY19 due to price reductions by Chinese
solar manufacturers, leading to liquidity issues and NPA status. Government
support in FY20 and FY21 improved financials, but raw material cost hikes
caused a significant drop in PBILDT margin in FY22. Despite a 43% revenue
increase in FY23, profitability suffered due to delays in commissioning a new
plant and losses from asset sales. However, profitability has improved from
Q2FY24 with the stabilization of the new unit.
Key weakness:
Volatility in raw material prices and finished goods: Silicon wafer is the primary raw material for manufacturing SPV cells which is imported from China. Since raw material prices are volatile in nature, the profitability margin of the company is susceptible to input price fluctuation. Further, the company imports its major raw materials leading to susceptibility of profitability to forex fluctuation risk.
Highly regulated industry: India imports majority of solar equipment from China, Malaysia, Vietnam, and Thailand. In order to promote domestic solar manufacturers, Government of India has launched various schemes viz. Rooftop Program, Central public sector undertaking scheme (CPSU) and PM Kusum Scheme, which emphasizes on using domestic manufactured modules and solar cells. Along with these schemes, Product Linked Incentive (PLI) and imposition of Basic Custom Duty (BCD) augurs well for small sized solar project developers, rooftop power projects and residential customers who rely largely on domestic solar modules. With the focus of government to encourage domestic cell manufacturers, Jupiter group is expected to reap benefits out of the scheme & incentives along with the increase in demand for cells.
Customer concentration risk albeit reputed clientele: The customer profile of the company is concentrated with top 10 customers accounting for around 80% of the total sales in FY22 as against 76% in FY21. However, the customer profile comprises of reputed solar module manufacturers.
Financial Charts of Jupiter International Unlisted Shares
Balance Sheet of Jupiter International Unlisted Shares
Profit and Loss of Jupiter International Unlisted Shares
Ancillary of Jupiter International Unlisted Shares
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Jupiter International Unlisted Shares
-
How to buy Jupiter International Ltd.?
Below are three ways through which you can purchase Jupiter International Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Jupiter International Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
-
How to sell Jupiter International Ltd.?
Below are three ways through which you can sell Jupiter International Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Jupiter International Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
-
What is the price of Jupiter International Ltd.?
We provide a two way quote on all the shares we deal in. Your buy price for Jupiter International Ltd. is ₹ and your sell price for Jupiter International Ltd. is ₹. The price is based on our estimates and market conditions.
-
What is the lock-in period of Jupiter International Ltd.?
The lock-in period for Jupiter International Ltd. varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Jupiter International Ltd.
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Jupiter International Ltd.
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
-
How is the Jupiter International Ltd. price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Jupiter International Ltd.. The price is also determined from the most recent funding round for Jupiter International Ltd.. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
-
What are the lot sizes of Jupiter International Ltd.?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Jupiter International Ltd. with us kindly click here.
-
What are the financials of Jupiter International Ltd.?
The financials of Jupiter International Ltd. which includes the P/L of Jupiter International Ltd. and the Balance Sheet of Jupiter International Ltd. is in the financials section (Click on link).
-
Where can I find the annual report of Jupiter International Ltd.?
The annual report of Jupiter International Ltd. is available in the annual report section (Click on link).
-
Is buying Jupiter International Ltd. legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
-
Short-term Capital Gain taxes to be paid on Jupiter International Ltd.?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
-
Long-term Capital Gain taxes to be paid on Jupiter International Ltd. and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
-
Applicability of Taxes on Jupiter International Ltd. once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Jupiter International Ltd.?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Jupiter International Ltd. from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
Press of Jupiter International Unlisted Shares
Featured Blogs of Jupiter International Unlisted Shares
Annual Report of Jupiter International Unlisted Shares
Company Information of Jupiter International Unlisted Shares
Featured Companies
Stay Connected.
Registered Address
73A, GC Avenue, Kolkata -13Corporate Address
Y-19, 90 DEGREES Magnus, EP Block,Sec V, Kolkata 700091Chennai Office
19/10, Guru Vappa Chetty Street, Chintadripet, Chennai - 600002
Dubai Office
2701, Executive Tower G, Business Bay, Dubai, UAE
Andhra Pradesh & Telangana Office
54-19-25/1, Flat no.101, Sai Residency, Nelson Mandela Park Road, LIC Colony, Vijayawada (Urban), Andhra Pradesh - 520008Altius Investech