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Market Research Report : Photovoltaic Generator Market in India 2012

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Dropping solar power tariff rate is spurring the Indian photovoltaic generator market.
The report begins with an introduction into the energy scenario in India. Installed capacity, demand supply gap of power prevailing in India and hence the need for renewable sources of energy is showcased. It gives a clear overview of the components of a solar PV plant and the production chain of PV technology. The market overview section provides an insight into the photovoltaic market which includes the growth and size of PV market in India. The breakup of types of PV modules that are used are also shown. It concludes with a representation of a solar PV value chain.
An analysis of the drivers explains the factors for growth of the industry which includes feasible geographical location of India, fall in prices of PV modules, depleting coal reserves, energy deficiency condition in India, dropping solar power rates, increasing cost of electricity from conventional sources, and time of commissioning of PV projects. However few challenges plague the solar PV sector in India which includes competition from Chinese firms, lack of consumer awareness and the capital intensive nature of solar PV projects.
Key trends in this sector like production of portable solar PV generators, investments in domestic solar PV power producing industry, rooftop power generation, and solar hybrid generators are also highlighted. Upcoming applications of solar PV in the telecom towers and rural ATM’s are also mentioned.

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Market Research Report : Photovoltaic Generator Market in India 2012

  1. 1. Insert Cover Image using Slide Master View Do not distortPhotovoltaic Generator Market – IndiaDecember 2012
  2. 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 InitiativesGovernment  Jawaharlal Nehru National Solar Mission (JNNSM)  Subsidies and Incentives Major PlayersCompetition Company A Company B Company C Company D Company E Company F PHOTOVOLTAIC GENERATOR  MARKET IN INDIA 2012.PPT 2
  3. 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. 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. 5. Solar photovoltaic market in India is still at a nascent stage but has huge potential to growOverview – 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. 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. 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. 8. Major Public Companies ‐ SummaryNet 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. 9. Public: Domestic Company – Indosolar Ltd. (1/3)Company Information Offices and Centres – IndiaCorporate Address AddressTel No. +91‐11‐1234 1375 LE   PFax No. +91‐11‐12343949  New Delhi  Website of IncorporationTicker SymbolStock Exchange 20‐‐ ‐‐ BSE S AM Head OfficeProducts and ServicesCategory Products/ServicesSolar 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. 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 SAFinancial 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 RatioKey Financial Performance Indicators Debt to Capital Ratio Interest Coverage Ratio Indicators Value (11/12/2012) Efficiency RatiosMarket Capitalization (INR mn) ‐‐ Fixed Asset TurnoverTotal Enterprise Value (INR mn) ‐‐ Asset TurnoverEPS (INR) Current Asset Turnover ‐‐ Working Capital TurnoverPE Ratio (Absolute) ‐‐ Capital Employed Turnover Improved Decline PHOTOVOLTAIC GENERATOR  MARKET IN INDIA 2012.PPT 10
  11. 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% 2012Business Highlights S AM 0% 2010 2011 2012Description  News • Manufactures and sells poly crystalline solar PV cells made from silicon wafersOverviewCollaborations • 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. 12. AppendixRatio 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. 13. Thank you for the attentionPhotovoltaic 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 6214/6215E‐Mail: info@netscribes.comFollow 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