Market Research Report : Photovoltaic Generator Market in India 2012
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The document provides an overview of the photovoltaic generator market in India as of December 2012, highlighting the current manufacturing capacities and expected growth in installed solar PV capacity. It discusses the drivers, challenges, and trends within the industry, along with information about major players and government initiatives promoting solar energy. The document indicates significant investments and developments planned for the power sector to address India's energy deficiency.
Market Research Report : Photovoltaic Generator Market in India 2012
- 1. Insert Cover Image using Slide Master View Do not distort Photovoltaic Generator Market – India December 2012
- 2. Executive Summary Solar module manufacturing capacity in India presently stands at xx MW Solar cell manufacturing capacity in India at present is yy MW Market Solar PV installed capacity was ‐‐ MW as of FY2012 Installed capacity of solar PV is expected to reach ‐‐GW by 20‐‐ LE Drivers Challenges Feasible Geographical Location P Capital Intensive Nature Fall in Prices of PV Modules Depleting Coal Reserves Competition from Chinese Firms M Drivers & India Remains Energy Deficient Lack of Awareness A Challenges Dropping Solar Power Rates S Increasing Cost of Electricity from Conventional Sources Time of Commissioning Production of Portable Solar PV Generators Investments in Domestic Solar PV Power Producing Industry Trends Solar Hybrid Generators Rooftop Power Generation Major Government Bodies Overseeing the Sector Rural Electrification Programme Research and Developments Initiatives Government Jawaharlal Nehru National Solar Mission (JNNSM) Subsidies and Incentives Major Players Competition Company A Company B Company C Company D Company E Company F PHOTOVOLTAIC GENERATOR MARKET IN INDIA 2012.PPT 2
- 3. •Introduction •Market Overview LE P •Drivers & Challenges •Trends M S A •Applications of Solar PV •Government Participation •Competition •Strategic Recommendations •Appendix PHOTOVOLTAIC GENERATOR MARKET IN INDIA 2012.PPT 3
- 4. India is among the top energy consuming countries in the world… India – Energy Scenario Region – Wise Installed Capacity • India is the sixth largest energy consumer in the world • Residential energy demand consists of more than 45% of India’s final energy consumption LE 2.45 GW • India consumes 3.7% of the world’s commercial energy MP 56.99 GW A • The Planning commission hopes that the power year period ( 2012‐2017) S sector will grow at a rate of 8.1% to fuel the economy’s planned growth of 9% in the 12th five • In the 11th Plan Period, the Government of India had planned to spend INR 10.3 tn on the power 26.84 GW sector • In the next Five Year Plan Period i.e. 12th Plan Period, an investment worth INR 15 tn will be expected to be made on the power sector 54.11 GW • This spend is planned to be split between Power Generation and Power T&D, in an approximate x:y 68.8 GW ratio Note: As of October 2012 PHOTOVOLTAIC GENERATOR MARKET IN INDIA 2012.PPT 4
- 5. Solar photovoltaic market in India is still at a nascent stage but has huge potential to grow Overview – Solar PV Generator Market Market Size and Growth‐ Solar PV • Solar PV market in India is mostly organized MW Cumulative Annual • Solar module manufacturing capacity in India stood LE a5 at xx MW in 2011 as compared to x1 MW in 2009 X% a4 P • Solar cell manufacturing capacity in India was yy MW a3 in 2011 while that in 2009 was y1MW M a2 b5 a1 b3 b4 • As at the end of June, India had grid interactive solar a b2 A b1 S PV installed capacity of x GW • Around 50% of the costs are from PV module and FY2011 FY2012 FY2013e FY2014e FY2015e FY2016e cells, the rest curtails the balance of systems (inverters, transformers, monitoring systems, wires Segmentation of Modules Used and cables), the civil support infrastructure and the cost of installation Crystalline Thin Film • At current prices it costs around INR aa bn to set up a 1 MW solar PV power plant b% • This cost is around 4 times more than that of conventional power projects like Thermal, Coal, and a% Hydro PHOTOVOLTAIC GENERATOR MARKET IN INDIA 2012.PPT 5
- 6. Drivers & Challenges – Summary Drivers LE Feasible Geographical Location MP Challenges A Fall in Prices of PV Modules Dropping Solar Power Rates Depleting Coal Reserves S Capital Intensive Nature Competition from Chinese Firms Lack of Awareness India Remains Energy Deficient Increasing Cost of Electricity from Conventional Sources Time of Commissioning PHOTOVOLTAIC GENERATOR MARKET IN INDIA 2012.PPT 6
- 7. Trends – Summary Investments in Domestic Production of Portable Solar Solar PV Power Producing PV Generators Industry Key Trends Rooftop Power Generation Solar Hybrid Generators AMP LE S PHOTOVOLTAIC GENERATOR MARKET IN INDIA 2012.PPT 7
- 8. Major Public Companies ‐ Summary Net Profit/Loss Size of the Bubble represents Market Capitalization in INR mn LE 0 Company C MP A Company A S Company B 0 Total income Company A Company B Company C Note: All figures are in INR mn and are based on the latest financials available PHOTOVOLTAIC GENERATOR MARKET IN INDIA 2012.PPT 8
- 9. Public: Domestic Company – Indosolar Ltd. (1/3) Company Information Offices and Centres – India Corporate Address Address Tel No. +91‐11‐1234 1375 LE P Fax No. +91‐11‐12343949 New Delhi Website www.xyz.co.in Year of Incorporation Ticker Symbol Stock Exchange 20‐‐ ‐‐ BSE S AM Head Office Products and Services Category Products/Services Solar PV Product a Key People Name Designation Person A Executive Chairman Person B MD Person C CEO Person D Chief Financial Officer PHOTOVOLTAIC GENERATOR MARKET IN INDIA 2012.PPT 9
- 10. Public: Domestic Company – Indosolar Ltd. (1/3) Financial Snapshot Key Ratios y‐o‐y change Total Income Particulars 2012 2011 2010 2009 INR mn (2012‐11) INR mn Net Profit/Loss 0 Profitability Ratios LE Operating Margin Net Margin Profit Before Tax Margin P Return on Equity Return on Capital Employed M Return on Working Capital 2009 2010 2011 2012 Return on Assets SA Financial Summary Return on Fixed Assets Cost Ratios • The company incurred a net loss of INR ‐‐ mn in FY 2012, as Operating costs (% of Sales) compared to net loss of INR ‐‐ mn in FY 2011 Administration costs (% of • The company reported total income of INR ‐‐ mn in FY 2012, Sales) registering a decrease of ‐‐% over FY 2011 Interest costs (% of Sales) • The company earned an operating margin of ‐‐‐% in FY 2012, a Liquidity Ratios Current Ratio decrease of ‐‐ percentage points over FY 2011 Cash Ratio • The company reported debt to equity ratio of ‐‐ in FY 2011, an Leverage Ratios increase of ‐‐% over FY 2011 Debt to Equity Ratio Key Financial Performance Indicators Debt to Capital Ratio Interest Coverage Ratio Indicators Value (11/12/2012) Efficiency Ratios Market Capitalization (INR mn) ‐‐ Fixed Asset Turnover Total Enterprise Value (INR mn) ‐‐ Asset Turnover EPS (INR) Current Asset Turnover ‐‐ Working Capital Turnover PE Ratio (Absolute) ‐‐ Capital Employed Turnover Improved Decline PHOTOVOLTAIC GENERATOR MARKET IN INDIA 2012.PPT 10
- 11. Public: Domestic Company – Indosolar Ltd. (1/3) Key Business Segments Key Geographic Segments Manufacture and Sale of Photovoltaic Solar Cells India Overseas 100% 100% The company has been 100% LE 6% 2% 36% P 50% operating solely 50% 98% 94% in PV cells 64% 0% 2012 Business Highlights S AM 0% 2010 2011 2012 Description News • Manufactures and sells poly crystalline solar PV cells made from silicon wafers Overview Collaborations • It has a tie‐up with firm A which has supplied it. a ‐‐MW cell manufacturing line • The last expansion was undertaken in 20‐‐when INR xx mn IPO was offered to set up an Expansion Plans extra yy MW line PHOTOVOLTAIC GENERATOR MARKET IN INDIA 2012.PPT 11
- 12. Appendix Ratio Calculations Ratio Calculations (Operating Current Assets / Current Operating Margin Current Ratio Income/Revenues)*100 Liabilities Net Margin (Net Profit / Revenues) *100 {(Cash & Bank Balance + Cash Ratio Marketable Securities) / Current (Income Before Tax / Revenues Liabilities)} Profit Before Tax Margin *100 Total Liabilities / Shareholders Debt to Equity (Net Income / Shareholders Equity Return on Equity (ROE) Equity)*100 {Total Debt / (Shareholders Debt to Capital Ratio EBIT / (Total Assets – Current Equity + Total Debt)} Return on Capital (ROCE) Liabilities)*100 Interest Coverage Ratio EBIT / Interest Expense (Net Income / Working Capital) Return on Working Capital *100 Fixed Asset Turnover Sales / Fixed Assets Return on Assets (Net Income / Total Assets)*100 Asset Turnover Sales / Total Assets Return on Fixed Assets (Net Income / Fixed Assets) *100 (Operating Expenses / Sales) Current Asset Turnover Sales / Current Assets Operating Costs (% of Sales) *100 Administration Costs (% of (Administrative Expenses / Sales) Working Capital Turnover Sales / Working Capital Sales) *100 Capital Employed Turnover Sales / Shareholders Equity Interest Costs (% of Sales) (Interest Expenses / Sales) *100 PHOTOVOLTAIC GENERATOR MARKET IN INDIA 2012.PPT 12
- 13. Thank you for the attention Photovoltaic Generator Market – India 2012 report is a part of Netscribes, Inc.’s Energy and Utilities Series. For the complete market research report, contact us at: Phone: +91 33 4027 6214/6215 E‐Mail: [email protected] Follow us on: About Netscribes Inc. Netscribes is a knowledge‐consulting and solutions firm with clientele across the globe. The company’s expertise spans areas of investment & business research, business & corporate intelligence, content‐management services, and knowledge‐software services. At its core lies a true value proposition that draws upon a vast knowledge base. Netscribes is a one‐stop shop designed to fulfil clients’ profitability and growth objectives. Disclaimer: This report is published for general information only. Although high standards have been used in the preparation, “Netscribes” is not responsible for any loss or damage arising from use of this document. This document is the sole property of Netscribes and prior permission is required for guidelines on reproduction. PHOTOVOLTAIC GENERATOR MARKET IN INDIA 2012.PPT 13