Share Price and Basic Stock Data
Last Updated: November 28, 2025, 7:24 am
| PEG Ratio | 3.74 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Solar Industries India Ltd operates in the industrial explosives sector, reported a share price of ₹13,448 and a market capitalization of ₹1,21,691 Cr. The company has demonstrated significant revenue growth, with sales rising from ₹1,073 Cr in March 2014 to ₹6,918 Cr in March 2023. However, a slight decline to ₹6,070 Cr was recorded for March 2024, before rebounding to ₹7,540 Cr for March 2025. The trailing twelve months (TTM) revenue stood at ₹8,376 Cr, indicating strong post-pandemic recovery and resilience in demand for explosives, particularly due to infrastructure projects and mining activities. Quarterly sales figures showed fluctuations, with peak sales of ₹1,929 Cr in March 2023, followed by a decrease to ₹1,347 Cr in September 2023. This reflects seasonal trends in industrial activity, typical for the sector, where demand can vary based on project cycles and weather conditions.
Profitability and Efficiency Metrics
In terms of profitability, Solar Industries reported a net profit of ₹1,398 Cr, yielding a robust return on equity (ROE) of 32.6% and return on capital employed (ROCE) of 38.1%. The operating profit margin (OPM) stood at 25%, which is commendably higher than typical sector margins, indicating effective cost management and pricing strategies. The company’s interest coverage ratio (ICR) at 17.44x signifies a strong ability to meet interest obligations, enhancing financial stability. Operating profits for the most recent quarter in June 2025 were reported at ₹535 Cr, reflecting a consistent ability to generate profits despite fluctuating sales. Additionally, the company’s earnings per share (EPS) saw a significant increase, reaching ₹133.65 for March 2025, up from ₹48.77 in March 2022, showcasing strong earnings growth over the period.
Balance Sheet Strength and Financial Ratios
Solar Industries’ balance sheet reflects solid financial health, with total assets recorded at ₹8,106 Cr and total borrowings at ₹975 Cr, resulting in a low debt-to-equity ratio of 0.21. This indicates prudent financial management and a conservative approach to leveraging. The company has reserves amounting to ₹4,368 Cr, which provides a cushion for future investments and potential downturns. The price-to-book value (P/BV) ratio stood at 23.20x, reflecting high market expectations of future growth, although it is elevated compared to typical industry levels. The current ratio of 1.95 suggests good short-term liquidity, while the cash conversion cycle (CCC) of 111 days indicates efficient management of receivables and inventory. However, the increasing trend in depreciation, which rose to ₹182 Cr for March 2025, may impact future profit margins as asset values decline.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Solar Industries indicates strong promoter confidence with a consistent stake of 73.15%. Institutional investors, including Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs), accounted for 7.11% and 12.90% of shares, respectively, reflecting a balanced distribution of ownership. The number of shareholders has grown significantly from 49,247 in December 2022 to 1,05,014 by March 2025, highlighting increasing retail investor interest and confidence in the company’s growth prospects. This growth in the shareholder base, coupled with a declining dividend payout ratio of 6.35% for March 2025, suggests that the company is prioritizing reinvestment over immediate shareholder returns, which could fuel further expansion and innovation in the long term.
Outlook, Risks, and Final Insight
Looking ahead, Solar Industries is well-positioned to capitalize on the growing demand for industrial explosives driven by infrastructure projects and mining activities. However, risks such as fluctuations in raw material prices and regulatory changes in the explosives industry could impact profitability. Additionally, the company’s high valuation metrics, such as the P/BV ratio of 23.20x, may raise concerns among value-focused investors. Despite these risks, the solid financial performance and robust operational efficiency suggest a positive outlook. The potential for expansion into new markets and product lines, combined with effective cost management strategies, could enhance long-term shareholder value. Overall, Solar Industries presents a compelling investment opportunity, albeit with inherent sector-specific risks that investors should monitor closely.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Solar Industries India Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Premier Explosives Ltd | 2,884 Cr. | 536 | 684/309 | 57.6 | 51.3 | 0.09 % | 16.9 % | 12.2 % | 2.00 |
| GOCL Corporation Ltd | 1,529 Cr. | 309 | 421/245 | 13.6 | 564 | 3.24 % | 7.02 % | 7.45 % | 2.00 |
| Solar Industries India Ltd | 1,20,939 Cr. | 13,353 | 17,820/8,479 | 91.6 | 565 | 0.07 % | 38.1 % | 32.6 % | 2.00 |
| Industry Average | 41,784.00 Cr | 4,732.67 | 54.27 | 393.43 | 1.13% | 20.67% | 17.42% | 2.00 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,616 | 1,567 | 1,812 | 1,929 | 1,682 | 1,347 | 1,429 | 1,611 | 1,685 | 1,716 | 1,973 | 2,167 | 2,154 |
| Expenses | 1,333 | 1,268 | 1,462 | 1,571 | 1,359 | 1,012 | 1,074 | 1,257 | 1,235 | 1,271 | 1,447 | 1,629 | 1,620 |
| Operating Profit | 283 | 299 | 350 | 357 | 323 | 335 | 355 | 354 | 449 | 445 | 527 | 537 | 535 |
| OPM % | 18% | 19% | 19% | 19% | 19% | 25% | 25% | 22% | 27% | 26% | 27% | 25% | 25% |
| Other Income | 9 | 4 | 7 | 11 | 8 | 8 | 11 | 20 | 26 | 36 | 10 | 7 | 29 |
| Interest | 14 | 19 | 25 | 31 | 25 | 25 | 28 | 32 | 27 | 30 | 31 | 29 | 27 |
| Depreciation | 31 | 30 | 32 | 35 | 34 | 34 | 39 | 37 | 40 | 44 | 47 | 50 | 56 |
| Profit before tax | 247 | 254 | 299 | 302 | 272 | 285 | 299 | 305 | 408 | 407 | 459 | 464 | 481 |
| Tax % | 26% | 26% | 27% | 27% | 26% | 27% | 26% | 21% | 26% | 25% | 26% | 25% | 27% |
| Net Profit | 183 | 189 | 219 | 221 | 202 | 209 | 222 | 243 | 301 | 304 | 338 | 346 | 353 |
| EPS in Rs | 18.81 | 19.49 | 22.61 | 22.78 | 21.82 | 22.12 | 22.47 | 25.98 | 31.66 | 31.59 | 34.80 | 35.61 | 37.43 |
Last Updated: August 20, 2025, 2:35 pm
Below is a detailed analysis of the quarterly data for Solar Industries India Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 2,154.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,167.00 Cr. (Mar 2025) to 2,154.00 Cr., marking a decrease of 13.00 Cr..
- For Expenses, as of Jun 2025, the value is 1,620.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 1,629.00 Cr. (Mar 2025) to 1,620.00 Cr., marking a decrease of 9.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 535.00 Cr.. The value appears to be declining and may need further review. It has decreased from 537.00 Cr. (Mar 2025) to 535.00 Cr., marking a decrease of 2.00 Cr..
- For OPM %, as of Jun 2025, the value is 25.00%. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 25.00%.
- For Other Income, as of Jun 2025, the value is 29.00 Cr.. The value appears strong and on an upward trend. It has increased from 7.00 Cr. (Mar 2025) to 29.00 Cr., marking an increase of 22.00 Cr..
- For Interest, as of Jun 2025, the value is 27.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 29.00 Cr. (Mar 2025) to 27.00 Cr., marking a decrease of 2.00 Cr..
- For Depreciation, as of Jun 2025, the value is 56.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 50.00 Cr. (Mar 2025) to 56.00 Cr., marking an increase of 6.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 481.00 Cr.. The value appears strong and on an upward trend. It has increased from 464.00 Cr. (Mar 2025) to 481.00 Cr., marking an increase of 17.00 Cr..
- For Tax %, as of Jun 2025, the value is 27.00%. The value appears to be increasing, which may not be favorable. It has increased from 25.00% (Mar 2025) to 27.00%, marking an increase of 2.00%.
- For Net Profit, as of Jun 2025, the value is 353.00 Cr.. The value appears strong and on an upward trend. It has increased from 346.00 Cr. (Mar 2025) to 353.00 Cr., marking an increase of 7.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 37.43. The value appears strong and on an upward trend. It has increased from 35.61 (Mar 2025) to 37.43, marking an increase of 1.82.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: November 15, 2025, 5:52 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,073 | 1,276 | 1,449 | 1,580 | 1,916 | 2,462 | 2,237 | 2,516 | 3,948 | 6,918 | 6,070 | 7,540 | 8,376 |
| Expenses | 868 | 1,022 | 1,144 | 1,256 | 1,505 | 1,960 | 1,803 | 2,001 | 3,199 | 5,582 | 4,588 | 5,514 | 6,226 |
| Operating Profit | 205 | 254 | 304 | 324 | 412 | 502 | 434 | 515 | 748 | 1,336 | 1,482 | 2,026 | 2,150 |
| OPM % | 19% | 20% | 21% | 20% | 21% | 20% | 19% | 20% | 19% | 19% | 24% | 27% | 26% |
| Other Income | 1 | -2 | 13 | 13 | 12 | 9 | 41 | 21 | 19 | -16 | -68 | 10 | 76 |
| Interest | 20 | 18 | 20 | 27 | 33 | 50 | 55 | 45 | 50 | 90 | 109 | 116 | 118 |
| Depreciation | 22 | 31 | 33 | 39 | 51 | 59 | 85 | 94 | 109 | 128 | 143 | 182 | 215 |
| Profit before tax | 164 | 203 | 264 | 271 | 340 | 402 | 336 | 397 | 607 | 1,102 | 1,161 | 1,739 | 1,894 |
| Tax % | 21% | 23% | 33% | 28% | 31% | 31% | 17% | 27% | 25% | 26% | 25% | 26% | |
| Net Profit | 130 | 156 | 178 | 195 | 234 | 277 | 279 | 288 | 455 | 811 | 875 | 1,288 | 1,398 |
| EPS in Rs | 13.09 | 16.29 | 18.08 | 20.61 | 24.37 | 28.91 | 29.55 | 30.54 | 48.77 | 83.68 | 92.38 | 133.65 | 145.96 |
| Dividend Payout % | 0% | 21% | 25% | 24% | 25% | 24% | 20% | 20% | 15% | 10% | 9% | 7% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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: July 25, 2025, 3:43 pm
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
| Reserves | 643 | 758 | 787 | 910 | 1,066 | 1,220 | 1,362 | 1,561 | 1,896 | 2,592 | 3,288 | 4,368 |
| Borrowings | 484 | 371 | 398 | 501 | 518 | 603 | 708 | 808 | 888 | 1,195 | 1,138 | 975 |
| Other Liabilities | 207 | 243 | 309 | 292 | 387 | 411 | 393 | 572 | 827 | 1,104 | 1,134 | 2,744 |
| Total Liabilities | 1,352 | 1,389 | 1,512 | 1,722 | 1,988 | 2,253 | 2,481 | 2,959 | 3,629 | 4,909 | 5,577 | 8,106 |
| Fixed Assets | 491 | 585 | 703 | 777 | 923 | 1,043 | 1,209 | 1,288 | 1,493 | 1,702 | 2,028 | 2,692 |
| CWIP | 81 | 61 | 30 | 91 | 107 | 178 | 165 | 293 | 230 | 282 | 490 | 707 |
| Investments | 25 | 37 | 40 | 53 | 17 | 33 | 2 | 1 | 18 | 99 | 370 | 676 |
| Other Assets | 755 | 706 | 739 | 801 | 940 | 1,000 | 1,105 | 1,378 | 1,888 | 2,826 | 2,690 | 4,030 |
| Total Assets | 1,352 | 1,389 | 1,512 | 1,722 | 1,988 | 2,253 | 2,481 | 2,959 | 3,629 | 4,909 | 5,577 | 8,106 |
Below is a detailed analysis of the balance sheet data for Solar Industries India Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 18.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 18.00 Cr..
- For Reserves, as of Mar 2025, the value is 4,368.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,288.00 Cr. (Mar 2024) to 4,368.00 Cr., marking an increase of 1,080.00 Cr..
- For Borrowings, as of Mar 2025, the value is 975.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 1,138.00 Cr. (Mar 2024) to 975.00 Cr., marking a decrease of 163.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 2,744.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,134.00 Cr. (Mar 2024) to 2,744.00 Cr., marking an increase of 1,610.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 8,106.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 5,577.00 Cr. (Mar 2024) to 8,106.00 Cr., marking an increase of 2,529.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 2,692.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,028.00 Cr. (Mar 2024) to 2,692.00 Cr., marking an increase of 664.00 Cr..
- For CWIP, as of Mar 2025, the value is 707.00 Cr.. The value appears strong and on an upward trend. It has increased from 490.00 Cr. (Mar 2024) to 707.00 Cr., marking an increase of 217.00 Cr..
- For Investments, as of Mar 2025, the value is 676.00 Cr.. The value appears strong and on an upward trend. It has increased from 370.00 Cr. (Mar 2024) to 676.00 Cr., marking an increase of 306.00 Cr..
- For Other Assets, as of Mar 2025, the value is 4,030.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,690.00 Cr. (Mar 2024) to 4,030.00 Cr., marking an increase of 1,340.00 Cr..
- For Total Assets, as of Mar 2025, the value is 8,106.00 Cr.. The value appears strong and on an upward trend. It has increased from 5,577.00 Cr. (Mar 2024) to 8,106.00 Cr., marking an increase of 2,529.00 Cr..
Notably, the Reserves (4,368.00 Cr.) exceed the Borrowings (975.00 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.
Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | -279.00 | -117.00 | -94.00 | -177.00 | -106.00 | -101.00 | -274.00 | -293.00 | -140.00 | 0.00 | 0.00 | -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.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 63 | 55 | 68 | 74 | 69 | 59 | 60 | 66 | 50 | 44 | 51 | 60 |
| Inventory Days | 94 | 83 | 67 | 73 | 80 | 74 | 99 | 119 | 113 | 92 | 97 | 97 |
| Days Payable | 24 | 31 | 45 | 36 | 49 | 43 | 46 | 78 | 73 | 41 | 37 | 46 |
| Cash Conversion Cycle | 134 | 106 | 90 | 111 | 100 | 90 | 113 | 108 | 90 | 95 | 111 | 111 |
| Working Capital Days | 15 | 51 | 34 | 27 | 32 | 17 | 21 | 33 | 41 | 31 | 39 | 37 |
| ROCE % | 18% | 19% | 23% | 22% | 24% | 26% | 19% | 19% | 25% | 36% | 32% | 38% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| SBI Equity Hybrid Fund | 2,778,656 | 3.89 | 2784.44 | 2,778,656 | 2025-04-22 15:16:47 | 0% |
| SBI Focused Equity Fund | 1,527,190 | 4.37 | 1530.37 | 1,527,190 | 2025-04-22 15:17:21 | 0% |
| HDFC Mid-Cap Opportunities Fund - Regular Plan | 1,279,548 | 1.82 | 1282.21 | 1,279,548 | 2025-04-22 13:31:13 | 0% |
| Kotak Emerging Equity Fund - Regular Plan | 1,146,237 | 2.34 | 1148.62 | 1,146,237 | 2025-04-22 17:25:44 | 0% |
| Kotak Flexicap Fund - Regular Plan | 1,000,000 | 1.96 | 1002.08 | 1,000,000 | 2025-04-22 14:53:35 | 0% |
| Axis Midcap Fund | 350,469 | 1.17 | 351.2 | 350,469 | 2025-04-22 17:25:44 | 0% |
| Kotak Small Cap Fund - Regular Plan | 238,715 | 1.43 | 239.21 | 238,715 | 2025-04-22 17:25:44 | 0% |
| PGIM India Midcap Opportunities Fund | 236,523 | 2.14 | 237.02 | 236,523 | 2025-04-22 17:25:44 | 0% |
| Edelweiss Mid Cap Fund | 169,704 | 2.57 | 170.06 | 169,704 | 2025-04-22 17:25:44 | 0% |
| Kotak Balanced Advantage Fund | 147,883 | 0.91 | 148.19 | 147,883 | 2025-04-22 17:25:44 | 0% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Basic EPS (Rs.) | 133.65 | 92.38 | 83.68 | 48.77 | 30.54 |
| Diluted EPS (Rs.) | 133.65 | 92.38 | 83.68 | 48.77 | 30.54 |
| Cash EPS (Rs.) | 161.75 | 112.51 | 103.83 | 114.79 | 42.17 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 484.68 | 378.70 | 303.94 | 222.64 | 181.45 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 484.68 | 378.70 | 303.94 | 222.64 | 181.45 |
| Revenue From Operations / Share (Rs.) | 833.18 | 670.66 | 764.92 | 436.20 | 277.97 |
| PBDIT / Share (Rs.) | 224.44 | 156.21 | 145.90 | 143.65 | 59.23 |
| PBIT / Share (Rs.) | 204.39 | 140.36 | 131.74 | 79.19 | 48.89 |
| PBT / Share (Rs.) | 191.51 | 128.28 | 121.75 | 67.12 | 43.88 |
| Net Profit / Share (Rs.) | 141.70 | 96.67 | 89.66 | 50.33 | 31.83 |
| NP After MI And SOA / Share (Rs.) | 133.64 | 92.37 | 83.67 | 48.76 | 30.54 |
| PBDIT Margin (%) | 26.93 | 23.29 | 19.07 | 32.93 | 21.30 |
| PBIT Margin (%) | 24.53 | 20.92 | 17.22 | 18.15 | 17.58 |
| PBT Margin (%) | 22.98 | 19.12 | 15.91 | 15.38 | 15.78 |
| Net Profit Margin (%) | 17.00 | 14.41 | 11.72 | 11.53 | 11.45 |
| NP After MI And SOA Margin (%) | 16.03 | 13.77 | 10.93 | 11.17 | 10.98 |
| Return on Networth / Equity (%) | 27.57 | 25.28 | 29.00 | 23.05 | 17.49 |
| Return on Capital Employeed (%) | 30.08 | 29.98 | 35.02 | 27.49 | 20.01 |
| Return On Assets (%) | 14.63 | 14.57 | 15.03 | 11.84 | 9.12 |
| Long Term Debt / Equity (X) | 0.08 | 0.17 | 0.18 | 0.22 | 0.27 |
| Total Debt / Equity (X) | 0.21 | 0.33 | 0.44 | 0.45 | 0.39 |
| Asset Turnover Ratio (%) | 1.08 | 1.13 | 1.58 | 1.00 | 0.76 |
| Current Ratio (X) | 1.95 | 1.76 | 1.53 | 1.49 | 1.50 |
| Quick Ratio (X) | 1.46 | 1.20 | 0.85 | 0.84 | 0.95 |
| Inventory Turnover Ratio (X) | 3.58 | 2.79 | 4.20 | 4.61 | 3.88 |
| Dividend Payout Ratio (NP) (%) | 6.35 | 8.65 | 8.96 | 12.30 | 19.64 |
| Dividend Payout Ratio (CP) (%) | 5.53 | 7.39 | 7.66 | 5.29 | 14.67 |
| Earning Retention Ratio (%) | 93.65 | 91.35 | 91.04 | 87.70 | 80.36 |
| Cash Earning Retention Ratio (%) | 94.47 | 92.61 | 92.34 | 94.71 | 85.33 |
| Interest Coverage Ratio (X) | 17.44 | 12.93 | 14.61 | 11.90 | 11.81 |
| Interest Coverage Ratio (Post Tax) (X) | 12.01 | 9.00 | 9.98 | 5.17 | 7.35 |
| Enterprise Value (Cr.) | 102107.21 | 80453.11 | 34676.59 | 26241.02 | 12075.53 |
| EV / Net Operating Revenue (X) | 13.54 | 13.26 | 5.01 | 6.65 | 4.80 |
| EV / EBITDA (X) | 50.27 | 56.91 | 26.26 | 20.18 | 22.53 |
| MarketCap / Net Operating Revenue (X) | 13.49 | 13.10 | 4.86 | 6.43 | 4.60 |
| Retention Ratios (%) | 93.64 | 91.34 | 91.03 | 87.69 | 80.35 |
| Price / BV (X) | 23.20 | 24.05 | 12.88 | 13.25 | 7.32 |
| Price / Net Operating Revenue (X) | 13.49 | 13.10 | 4.86 | 6.43 | 4.60 |
| EarningsYield | 0.01 | 0.01 | 0.02 | 0.01 | 0.02 |
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 3.58. This value is below the healthy minimum of 4. It has increased from 2.79 (Mar 24) to 3.58, marking an increase of 0.79.
- 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.
Strength and Weakness
| Strength | Weakness |
|---|---|
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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:
- 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.
- 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.
- 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.
- 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.
- 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.
- Stock P/E: 91.6 (Industry average Stock P/E: 54.27)
- 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.
- 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.
Stock Rating: - Net Profit Margin: 17%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Industrial Explosives | Solar House, 14, Kachimet, Nagpur Maharashtra 440023 | solar@solargroup.com http://www.solargroup.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Satyanarayan Nuwal | Chairman & Non-Exe.Director |
| Mr. Manish Nuwal | Managing Director & CEO |
| Mr. Suresh Menon | Executive Director |
| Mr. Milind Deshmukh | Executive Director |
| Mr. Natrajan Ramkrishna | Ind. Non-Executive Director |
| Mr. Jagdish Chandra Belwal | Ind. Non-Executive Director |
| Mrs. Rashmi Prasad | Ind. Non-Executive Director |
| Mr. Dinesh Kumar Batra | Ind. Non-Executive Director |
FAQ
What is the intrinsic value of Solar Industries India Ltd?
Solar Industries India Ltd's intrinsic value (as of 29 November 2025) is 13506.89 which is 1.15% higher the current market price of 13,353.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 1,20,939 Cr. market cap, FY2025-2026 high/low of 17,820/8,479, reserves of ₹4,368 Cr, and liabilities of 8,106 Cr.
What is the Market Cap of Solar Industries India Ltd?
The Market Cap of Solar Industries India Ltd is 1,20,939 Cr..
What is the current Stock Price of Solar Industries India Ltd as on 29 November 2025?
The current stock price of Solar Industries India Ltd as on 29 November 2025 is 13,353.
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 91.6.
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 0.07 %.
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.