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Last Updated: February 25, 2026, 7:47 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532725 | NSE: SOLARINDS

Solar Industries India Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: February 25, 2026, 7:47 am

Market Cap 1,20,162 Cr.
Current Price 13,279
Intrinsic Value₹15,494.66
High / Low 17,820/8,479
Stock P/E82.8
Book Value 565
Dividend Yield0.08 %
ROCE38.1 %
ROE32.6 %
Face Value 2.00
PEG Ratio3.08

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Solar Industries India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Premier Explosives Ltd 2,617 Cr. 487 684/30955.8 51.30.10 %16.9 %12.2 % 2.00
GOCL Corporation Ltd 1,247 Cr. 252 418/2445.06 5643.98 %7.02 %7.45 % 2.00
Solar Industries India Ltd 1,20,162 Cr. 13,279 17,820/8,47982.8 5650.08 %38.1 %32.6 % 2.00
Industry Average41,342.00 Cr4,672.6747.89393.431.39%20.67%17.42%2.00

All Competitor Stocks of Solar Industries India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1,8121,9291,6821,3471,4291,6111,6851,7161,9732,1672,1542,0822,548
Expenses 1,4621,5711,3591,0121,0741,2571,2351,2711,4471,6291,6201,5301,840
Operating Profit 350357323335355354449445527537535552708
OPM % 19%19%19%25%25%22%27%26%27%25%25%26%28%
Other Income 7118811202636107292925
Interest 25312525283227303129273134
Depreciation 32353434393740444750566163
Profit before tax 299302272285299305408407459464481490636
Tax % 27%27%26%27%26%21%26%25%26%25%27%26%27%
Net Profit 219221202209222243301304338346353361467
EPS in Rs 22.6122.7821.8222.1222.4725.9831.6631.5934.8035.6137.4338.1249.31

Last Updated: February 6, 2026, 10:47 pm

Below is a detailed analysis of the quarterly data for Solar Industries India Ltd based on the most recent figures (Dec 2025) and their trends compared to the previous period:

  • For Sales, as of Dec 2025, the value is 2,548.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,082.00 Cr. (Sep 2025) to 2,548.00 Cr., marking an increase of 466.00 Cr..
  • For Expenses, as of Dec 2025, the value is 1,840.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,530.00 Cr. (Sep 2025) to 1,840.00 Cr., marking an increase of 310.00 Cr..
  • For Operating Profit, as of Dec 2025, the value is 708.00 Cr.. The value appears strong and on an upward trend. It has increased from 552.00 Cr. (Sep 2025) to 708.00 Cr., marking an increase of 156.00 Cr..
  • For OPM %, as of Dec 2025, the value is 28.00%. The value appears strong and on an upward trend. It has increased from 26.00% (Sep 2025) to 28.00%, marking an increase of 2.00%.
  • For Other Income, as of Dec 2025, the value is 25.00 Cr.. The value appears to be declining and may need further review. It has decreased from 29.00 Cr. (Sep 2025) to 25.00 Cr., marking a decrease of 4.00 Cr..
  • For Interest, as of Dec 2025, the value is 34.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 31.00 Cr. (Sep 2025) to 34.00 Cr., marking an increase of 3.00 Cr..
  • For Depreciation, as of Dec 2025, the value is 63.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 61.00 Cr. (Sep 2025) to 63.00 Cr., marking an increase of 2.00 Cr..
  • For Profit before tax, as of Dec 2025, the value is 636.00 Cr.. The value appears strong and on an upward trend. It has increased from 490.00 Cr. (Sep 2025) to 636.00 Cr., marking an increase of 146.00 Cr..
  • For Tax %, as of Dec 2025, the value is 27.00%. The value appears to be increasing, which may not be favorable. It has increased from 26.00% (Sep 2025) to 27.00%, marking an increase of 1.00%.
  • For Net Profit, as of Dec 2025, the value is 467.00 Cr.. The value appears strong and on an upward trend. It has increased from 361.00 Cr. (Sep 2025) to 467.00 Cr., marking an increase of 106.00 Cr..
  • For EPS in Rs, as of Dec 2025, the value is 49.31. The value appears strong and on an upward trend. It has increased from 38.12 (Sep 2025) to 49.31, marking an increase of 11.19.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 1:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,0731,2761,4491,5801,9162,4622,2372,5163,9486,9186,0707,5408,952
Expenses 8681,0221,1441,2561,5051,9601,8032,0013,1995,5824,5885,5146,620
Operating Profit 2052543043244125024345157481,3361,4822,0262,332
OPM % 19%20%21%20%21%20%19%20%19%19%24%27%26%
Other Income 1-21313129412119-16-681090
Interest 20182027335055455090109116121
Depreciation 2231333951598594109128143182230
Profit before tax 1642032642713404023363976071,1021,1611,7392,071
Tax % 21%23%33%28%31%31%17%27%25%26%25%26%
Net Profit 1301561781952342772792884558118751,2881,527
EPS in Rs 13.0916.2918.0820.6124.3728.9129.5530.5448.7783.6892.38133.65160.47
Dividend Payout % 0%21%25%24%25%24%20%20%15%10%9%7%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)20.00%14.10%9.55%20.00%18.38%0.72%3.23%57.99%78.24%7.89%47.20%
Change in YoY Net Profit Growth (%)0.00%-5.90%-4.55%10.45%-1.62%-17.65%2.50%54.76%20.26%-70.35%39.31%

Solar Industries India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:19%
5 Years:28%
3 Years:24%
TTM:32%
Compounded Profit Growth
10 Years:23%
5 Years:36%
3 Years:42%
TTM:36%
Stock Price CAGR
10 Years:35%
5 Years:67%
3 Years:59%
1 Year:27%
Return on Equity
10 Years:27%
5 Years:30%
3 Years:33%
Last Year:33%

Last Updated: September 4, 2025, 9:45 pm

Balance Sheet

Last Updated: December 4, 2025, 12:52 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 18181818181818181818181818
Reserves 6437587879101,0661,2201,3621,5611,8962,5923,2884,3685,098
Borrowings 4843713985015186037088088881,1951,138975876
Other Liabilities 2072433092923874113935728271,1041,1342,7443,025
Total Liabilities 1,3521,3891,5121,7221,9882,2532,4812,9593,6294,9095,5778,1069,017
Fixed Assets 4915857037779231,0431,2091,2881,4931,7022,0282,6923,240
CWIP 81613091107178165293230282490707790
Investments 253740531733211899370676278
Other Assets 7557067398019401,0001,1051,3781,8882,8262,6904,0304,709
Total Assets 1,3521,3891,5121,7221,9882,2532,4812,9593,6294,9095,5778,1069,017

Below is a detailed analysis of the balance sheet data for Solar Industries India Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

  • For Equity Capital, as of Sep 2025, the value is 18.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 18.00 Cr..
  • For Reserves, as of Sep 2025, the value is 5,098.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,368.00 Cr. (Mar 2025) to 5,098.00 Cr., marking an increase of 730.00 Cr..
  • For Borrowings, as of Sep 2025, the value is 876.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 975.00 Cr. (Mar 2025) to 876.00 Cr., marking a decrease of 99.00 Cr..
  • For Other Liabilities, as of Sep 2025, the value is 3,025.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,744.00 Cr. (Mar 2025) to 3,025.00 Cr., marking an increase of 281.00 Cr..
  • For Total Liabilities, as of Sep 2025, the value is 9,017.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 8,106.00 Cr. (Mar 2025) to 9,017.00 Cr., marking an increase of 911.00 Cr..
  • For Fixed Assets, as of Sep 2025, the value is 3,240.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,692.00 Cr. (Mar 2025) to 3,240.00 Cr., marking an increase of 548.00 Cr..
  • For CWIP, as of Sep 2025, the value is 790.00 Cr.. The value appears strong and on an upward trend. It has increased from 707.00 Cr. (Mar 2025) to 790.00 Cr., marking an increase of 83.00 Cr..
  • For Investments, as of Sep 2025, the value is 278.00 Cr.. The value appears to be declining and may need further review. It has decreased from 676.00 Cr. (Mar 2025) to 278.00 Cr., marking a decrease of 398.00 Cr..
  • For Other Assets, as of Sep 2025, the value is 4,709.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,030.00 Cr. (Mar 2025) to 4,709.00 Cr., marking an increase of 679.00 Cr..
  • For Total Assets, as of Sep 2025, the value is 9,017.00 Cr.. The value appears strong and on an upward trend. It has increased from 8,106.00 Cr. (Mar 2025) to 9,017.00 Cr., marking an increase of 911.00 Cr..

Notably, the Reserves (5,098.00 Cr.) exceed the Borrowings (876.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1702302431182543143253572986561,4062,468
Cash from Investing Activity + -161-149-141-170-174-254-260-253-338-614-1,022-1,660
Cash from Financing Activity + 31-177-9253-53-52-34-26-45118-370-476
Net Cash Flow 41-961102793277-8516014331

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-279.00-117.00-94.00-177.00-106.00-101.00-274.00-293.00-140.000.000.00-973.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 635568746959606650445160
Inventory Days 94836773807499119113929797
Days Payable 243145364943467873413746
Cash Conversion Cycle 13410690111100901131089095111111
Working Capital Days 155134273217213341313937
ROCE %18%19%23%22%24%26%19%19%25%36%32%38%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 73.15%73.15%73.15%73.15%73.15%73.15%73.15%73.15%73.15%73.15%73.15%73.15%
FIIs 6.63%5.79%5.89%5.90%6.10%7.56%7.53%7.23%5.82%6.79%7.11%6.74%
DIIs 14.32%15.01%15.24%15.05%14.52%12.74%12.68%12.78%14.10%13.59%12.90%12.91%
Public 5.91%6.04%5.71%5.88%6.22%6.54%6.64%6.82%6.92%6.47%6.84%7.20%
No. of Shareholders 51,94351,19950,10357,92664,37772,85378,40283,95995,38097,7121,05,0141,13,869

Shareholding Pattern Chart

No. of Shareholders

Solar Industries India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Equity Hybrid Fund 1,790,000 2.97 2412.922,778,6562025-12-08 00:51:45-35.58%
SBI Focused Fund 1,100,000 3.45 1482.8N/AN/AN/A
Kotak Flexicap Fund 1,000,000 2.39 1348N/AN/AN/A
Kotak Midcap Fund 985,817 2.25 1328.88N/AN/AN/A
HDFC Defence Fund 615,157 10.64 829.23N/AN/AN/A
Axis Midcap Fund 372,310 1.62 501.87409,8112026-02-23 05:38:10-9.15%
Edelweiss Mid Cap Fund 184,763 1.8 249.06180,5472026-02-23 05:38:102.34%
Canara Robeco Large and Mid Cap Fund 183,604 1 247.5148,6042026-01-26 00:40:5823.55%
Mirae Asset Large Cap Fund 181,526 0.61 244.7N/AN/AN/A
PGIM India Midcap Fund 176,582 2.21 238.03219,0602026-01-26 00:40:58-19.39%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 133.6592.3883.6848.7730.54
Diluted EPS (Rs.) 133.6592.3883.6848.7730.54
Cash EPS (Rs.) 161.75112.51103.83114.7942.17
Book Value[Excl.RevalReserv]/Share (Rs.) 484.68378.70303.94222.64181.45
Book Value[Incl.RevalReserv]/Share (Rs.) 484.68378.70303.94222.64181.45
Revenue From Operations / Share (Rs.) 833.18670.66764.92436.20277.97
PBDIT / Share (Rs.) 224.44156.21145.90143.6559.23
PBIT / Share (Rs.) 204.39140.36131.7479.1948.89
PBT / Share (Rs.) 191.51128.28121.7567.1243.88
Net Profit / Share (Rs.) 141.7096.6789.6650.3331.83
NP After MI And SOA / Share (Rs.) 133.6492.3783.6748.7630.54
PBDIT Margin (%) 26.9323.2919.0732.9321.30
PBIT Margin (%) 24.5320.9217.2218.1517.58
PBT Margin (%) 22.9819.1215.9115.3815.78
Net Profit Margin (%) 17.0014.4111.7211.5311.45
NP After MI And SOA Margin (%) 16.0313.7710.9311.1710.98
Return on Networth / Equity (%) 27.5725.2829.0023.0517.49
Return on Capital Employeed (%) 30.0829.9835.0227.4920.01
Return On Assets (%) 14.6314.5715.0311.849.12
Long Term Debt / Equity (X) 0.080.170.180.220.27
Total Debt / Equity (X) 0.210.330.440.450.39
Asset Turnover Ratio (%) 1.081.131.581.000.76
Current Ratio (X) 1.951.761.531.491.50
Quick Ratio (X) 1.461.200.850.840.95
Inventory Turnover Ratio (X) 7.992.794.204.613.88
Dividend Payout Ratio (NP) (%) 6.358.658.9612.3019.64
Dividend Payout Ratio (CP) (%) 5.537.397.665.2914.67
Earning Retention Ratio (%) 93.6591.3591.0487.7080.36
Cash Earning Retention Ratio (%) 94.4792.6192.3494.7185.33
Interest Coverage Ratio (X) 17.4412.9314.6111.9011.81
Interest Coverage Ratio (Post Tax) (X) 12.019.009.985.177.35
Enterprise Value (Cr.) 102107.2180453.1134676.5926241.0212075.53
EV / Net Operating Revenue (X) 13.5413.265.016.654.80
EV / EBITDA (X) 50.2756.9126.2620.1822.53
MarketCap / Net Operating Revenue (X) 13.4913.104.866.434.60
Retention Ratios (%) 93.6491.3491.0387.6980.35
Price / BV (X) 23.2024.0512.8813.257.32
Price / Net Operating Revenue (X) 13.4913.104.866.434.60
EarningsYield 0.010.010.020.010.02

After reviewing the key financial ratios for Solar Industries India Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 25, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 2.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is 133.65. This value is within the healthy range. It has increased from 92.38 (Mar 24) to 133.65, marking an increase of 41.27.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 133.65. This value is within the healthy range. It has increased from 92.38 (Mar 24) to 133.65, marking an increase of 41.27.
  • For Cash EPS (Rs.), as of Mar 25, the value is 161.75. This value is within the healthy range. It has increased from 112.51 (Mar 24) to 161.75, marking an increase of 49.24.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 484.68. It has increased from 378.70 (Mar 24) to 484.68, marking an increase of 105.98.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 484.68. It has increased from 378.70 (Mar 24) to 484.68, marking an increase of 105.98.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 833.18. It has increased from 670.66 (Mar 24) to 833.18, marking an increase of 162.52.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 224.44. This value is within the healthy range. It has increased from 156.21 (Mar 24) to 224.44, marking an increase of 68.23.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 204.39. This value is within the healthy range. It has increased from 140.36 (Mar 24) to 204.39, marking an increase of 64.03.
  • For PBT / Share (Rs.), as of Mar 25, the value is 191.51. This value is within the healthy range. It has increased from 128.28 (Mar 24) to 191.51, marking an increase of 63.23.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 141.70. This value is within the healthy range. It has increased from 96.67 (Mar 24) to 141.70, marking an increase of 45.03.
  • For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 133.64. This value is within the healthy range. It has increased from 92.37 (Mar 24) to 133.64, marking an increase of 41.27.
  • For PBDIT Margin (%), as of Mar 25, the value is 26.93. This value is within the healthy range. It has increased from 23.29 (Mar 24) to 26.93, marking an increase of 3.64.
  • For PBIT Margin (%), as of Mar 25, the value is 24.53. This value exceeds the healthy maximum of 20. It has increased from 20.92 (Mar 24) to 24.53, marking an increase of 3.61.
  • For PBT Margin (%), as of Mar 25, the value is 22.98. This value is within the healthy range. It has increased from 19.12 (Mar 24) to 22.98, marking an increase of 3.86.
  • For Net Profit Margin (%), as of Mar 25, the value is 17.00. This value exceeds the healthy maximum of 10. It has increased from 14.41 (Mar 24) to 17.00, marking an increase of 2.59.
  • For NP After MI And SOA Margin (%), as of Mar 25, the value is 16.03. This value is within the healthy range. It has increased from 13.77 (Mar 24) to 16.03, marking an increase of 2.26.
  • For Return on Networth / Equity (%), as of Mar 25, the value is 27.57. This value is within the healthy range. It has increased from 25.28 (Mar 24) to 27.57, marking an increase of 2.29.
  • For Return on Capital Employeed (%), as of Mar 25, the value is 30.08. This value is within the healthy range. It has increased from 29.98 (Mar 24) to 30.08, marking an increase of 0.10.
  • For Return On Assets (%), as of Mar 25, the value is 14.63. This value is within the healthy range. It has increased from 14.57 (Mar 24) to 14.63, marking an increase of 0.06.
  • For Long Term Debt / Equity (X), as of Mar 25, the value is 0.08. This value is below the healthy minimum of 0.2. It has decreased from 0.17 (Mar 24) to 0.08, marking a decrease of 0.09.
  • For Total Debt / Equity (X), as of Mar 25, the value is 0.21. This value is within the healthy range. It has decreased from 0.33 (Mar 24) to 0.21, marking a decrease of 0.12.
  • For Asset Turnover Ratio (%), as of Mar 25, the value is 1.08. It has decreased from 1.13 (Mar 24) to 1.08, marking a decrease of 0.05.
  • For Current Ratio (X), as of Mar 25, the value is 1.95. This value is within the healthy range. It has increased from 1.76 (Mar 24) to 1.95, marking an increase of 0.19.
  • For Quick Ratio (X), as of Mar 25, the value is 1.46. This value is within the healthy range. It has increased from 1.20 (Mar 24) to 1.46, marking an increase of 0.26.
  • For Inventory Turnover Ratio (X), as of Mar 25, the value is 7.99. This value is within the healthy range. It has increased from 2.79 (Mar 24) to 7.99, marking an increase of 5.20.
  • For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 6.35. This value is below the healthy minimum of 20. It has decreased from 8.65 (Mar 24) to 6.35, marking a decrease of 2.30.
  • For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 5.53. This value is below the healthy minimum of 20. It has decreased from 7.39 (Mar 24) to 5.53, marking a decrease of 1.86.
  • For Earning Retention Ratio (%), as of Mar 25, the value is 93.65. This value exceeds the healthy maximum of 70. It has increased from 91.35 (Mar 24) to 93.65, marking an increase of 2.30.
  • For Cash Earning Retention Ratio (%), as of Mar 25, the value is 94.47. This value exceeds the healthy maximum of 70. It has increased from 92.61 (Mar 24) to 94.47, marking an increase of 1.86.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is 17.44. This value is within the healthy range. It has increased from 12.93 (Mar 24) to 17.44, marking an increase of 4.51.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 12.01. This value is within the healthy range. It has increased from 9.00 (Mar 24) to 12.01, marking an increase of 3.01.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 102,107.21. It has increased from 80,453.11 (Mar 24) to 102,107.21, marking an increase of 21,654.10.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 13.54. This value exceeds the healthy maximum of 3. It has increased from 13.26 (Mar 24) to 13.54, marking an increase of 0.28.
  • For EV / EBITDA (X), as of Mar 25, the value is 50.27. This value exceeds the healthy maximum of 15. It has decreased from 56.91 (Mar 24) to 50.27, marking a decrease of 6.64.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 13.49. This value exceeds the healthy maximum of 3. It has increased from 13.10 (Mar 24) to 13.49, marking an increase of 0.39.
  • For Retention Ratios (%), as of Mar 25, the value is 93.64. This value exceeds the healthy maximum of 70. It has increased from 91.34 (Mar 24) to 93.64, marking an increase of 2.30.
  • For Price / BV (X), as of Mar 25, the value is 23.20. This value exceeds the healthy maximum of 3. It has decreased from 24.05 (Mar 24) to 23.20, marking a decrease of 0.85.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 13.49. This value exceeds the healthy maximum of 3. It has increased from 13.10 (Mar 24) to 13.49, marking an increase of 0.39.
  • For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Solar Industries India Ltd as of February 25, 2026 is: ₹12,210.51

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of February 25, 2026, Solar Industries India Ltd is Overvalued by 8.05% compared to the current share price ₹13,279.00

Intrinsic Value of Solar Industries India Ltd as of February 25, 2026 is: ₹15,494.66

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of February 25, 2026, Solar Industries India Ltd is Undervalued by 16.69% compared to the current share price ₹13,279.00

Last 5 Year EPS CAGR: 26.90%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 25.08%, which is a positive sign.
  2. The company has higher reserves (1,965.31 cr) compared to borrowings (727.92 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (3.15 cr) and profit (229.92 cr) over the years.
  1. The stock has a high average Working Capital Days of 31.50, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 104.92, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Solar Industries India Ltd:
    1. Net Profit Margin: 17%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 30.08% (Industry Average ROCE: 20.67%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 27.57% (Industry Average ROE: 17.42%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 12.01
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.46
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 82.8 (Industry average Stock P/E: 47.89)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.21
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Solar Industries India Ltd. is a Public Limited Listed company incorporated on 24/02/1995 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L74999MH1995PLC085878 and registration number is 085878. Currently Company is involved in the business activities of Manufacture of explosives, ammunition and fire works. Company's Total Operating Revenue is Rs. 4456.60 Cr. and Equity Capital is Rs. 18.10 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Industrial ExplosivesSolar House, 14, Kachimet, Nagpur Maharashtra 440023Contact not found
Management
NamePosition Held
Mr. Satyanarayan NuwalChairman & Non-Exe.Director
Mr. Manish NuwalManaging Director & CEO
Mr. Suresh MenonExecutive Director
Mr. Milind DeshmukhExecutive Director
Mr. Natrajan RamkrishnaInd. Non-Executive Director
Mr. Jagdish Chandra BelwalInd. Non-Executive Director
Mrs. Rashmi PrasadInd. Non-Executive Director
Mr. Dinesh Kumar BatraInd. Non-Executive Director

FAQ

What is the intrinsic value of Solar Industries India Ltd?

Solar Industries India Ltd's intrinsic value (as of 25 February 2026) is ₹15494.66 which is 16.69% higher the current market price of ₹13,279.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's ₹1,20,162 Cr. market cap, FY2025-2026 high/low of ₹17,820/8,479, reserves of ₹5,098 Cr, and liabilities of ₹9,017 Cr.

What is the Market Cap of Solar Industries India Ltd?

The Market Cap of Solar Industries India Ltd is 1,20,162 Cr..

What is the current Stock Price of Solar Industries India Ltd as on 25 February 2026?

The current stock price of Solar Industries India Ltd as on 25 February 2026 is ₹13,279.

What is the High / Low of Solar Industries India Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Solar Industries India Ltd stocks is ₹17,820/8,479.

What is the Stock P/E of Solar Industries India Ltd?

The Stock P/E of Solar Industries India Ltd is 82.8.

What is the Book Value of Solar Industries India Ltd?

The Book Value of Solar Industries India Ltd is 565.

What is the Dividend Yield of Solar Industries India Ltd?

The Dividend Yield of Solar Industries India Ltd is 0.08 %.

What is the ROCE of Solar Industries India Ltd?

The ROCE of Solar Industries India Ltd is 38.1 %.

What is the ROE of Solar Industries India Ltd?

The ROE of Solar Industries India Ltd is 32.6 %.

What is the Face Value of Solar Industries India Ltd?

The Face Value of Solar Industries India Ltd is 2.00.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Solar Industries India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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