Share Price and Basic Stock Data
Last Updated: December 19, 2025, 7:57 pm
| PEG Ratio | 3.33 |
|---|
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, a market characterized by steady demand due to its applications in mining, construction, and infrastructure development. The company’s revenue trajectory has been impressive, with sales growing from ₹1,073 Cr in FY 2014 to ₹6,918 Cr in FY 2023, showing a compounded annual growth rate (CAGR) that reflects robust operational performance. The latest figures indicate a slight decline to ₹6,070 Cr for FY 2024, yet the trailing twelve months (TTM) revenue stands at ₹8,010 Cr, suggesting a rebound in activity. This volatility in revenue, particularly in the last fiscal year, can be attributed to cyclical factors in the industry, but the overall trend remains upward, signaling strong market positioning and adaptability. Furthermore, the company’s sales in the latest quarter (June 2024) reached ₹1,685 Cr, indicating resilience in the face of macroeconomic challenges.
Profitability and Efficiency Metrics
Profitability metrics for Solar Industries reveal a robust operational model. The reported operating profit margin (OPM) stood at 25% in FY 2025, an increase from 19% in FY 2022, showcasing improved cost management and operational efficiency. The net profit margin has also seen a positive trajectory, rising from 11.72% in FY 2023 to 17% in FY 2025, underscoring effective pricing strategies and cost controls. Return on equity (ROE) at 32.6% and return on capital employed (ROCE) at 38.1% are particularly noteworthy, indicating the company’s ability to generate substantial returns on shareholder investments. The interest coverage ratio (ICR) of 17.44x further illustrates financial stability, enabling the company to meet its interest obligations comfortably. However, the high price-to-earnings (P/E) ratio of 85.3 might suggest that the stock is priced for significant growth, which could be a double-edged sword if earnings do not meet lofty expectations.
Balance Sheet Strength and Financial Ratios
Examining Solar Industries’ balance sheet reveals a solid financial foundation. With total borrowings recorded at ₹876 Cr against reserves of ₹5,098 Cr, the company appears well-capitalized to support its growth initiatives without over-leveraging. The current ratio stands at 1.95, indicating a comfortable liquidity position, which is essential for operational flexibility. Furthermore, the debt-to-equity ratio of 0.21 suggests prudent financial management, allowing the company to leverage growth opportunities while maintaining a conservative approach to debt. The increase in fixed assets from ₹1,493 Cr in FY 2022 to ₹2,692 Cr in FY 2025 highlights ongoing investments in capacity expansion and modernization. However, the high price-to-book value (P/BV) ratio of 23.20x may raise concerns about valuation relative to tangible assets, suggesting the market may be pricing in future growth expectations.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Solar Industries reflects a stable and confident investor base. Promoters hold a significant 73.15% stake, which not only indicates strong internal confidence but also aligns their interests closely with those of minority shareholders. Institutional investors have a combined holding of 19.01% (7.11% FIIs and 12.90% DIIs), which is a positive sign of institutional confidence in the company’s future prospects. The number of shareholders has increased significantly, from 49,247 in December 2022 to 1,05,014 by September 2025, suggesting growing retail interest. This expanding shareholder base could lead to increased liquidity and stability in the stock. However, the relatively high promoter holding could also raise concerns about governance and the potential for limited minority shareholder influence on corporate decisions, a factor that investors should consider.
Outlook, Risks, and Final Insight
Looking ahead, Solar Industries appears well-positioned to capitalize on the growth in infrastructure and mining sectors, which are likely to drive demand for industrial explosives. However, investors should be mindful of several risks, including the cyclical nature of the industry, which can lead to revenue fluctuations. Additionally, the company’s high valuation metrics could pose a risk if earnings growth does not meet market expectations, potentially leading to corrections in share price. Regulatory changes in the explosives sector could also introduce unforeseen challenges. In this context, investors should weigh the company’s strong fundamentals against the backdrop of market volatility. Overall, while Solar Industries presents a compelling growth story, due diligence and a cautious approach are advisable, especially considering the current economic landscape and sector-specific risks.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Premier Explosives Ltd | 2,643 Cr. | 492 | 684/309 | 52.8 | 51.3 | 0.10 % | 16.9 % | 12.2 % | 2.00 |
| GOCL Corporation Ltd | 1,452 Cr. | 293 | 418/245 | 13.0 | 564 | 3.41 % | 7.02 % | 7.45 % | 2.00 |
| Solar Industries India Ltd | 1,07,757 Cr. | 11,911 | 17,820/8,479 | 81.6 | 565 | 0.08 % | 38.1 % | 32.6 % | 2.00 |
| Industry Average | 37,284.00 Cr | 4,232.00 | 49.13 | 393.43 | 1.20% | 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: December 15, 2025, 5:44 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: December 4, 2025, 12:52 am
| 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 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 18 | 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 | 5,098 |
| Borrowings | 484 | 371 | 398 | 501 | 518 | 603 | 708 | 808 | 888 | 1,195 | 1,138 | 975 | 876 |
| Other Liabilities | 207 | 243 | 309 | 292 | 387 | 411 | 393 | 572 | 827 | 1,104 | 1,134 | 2,744 | 3,025 |
| 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 | 9,017 |
| Fixed Assets | 491 | 585 | 703 | 777 | 923 | 1,043 | 1,209 | 1,288 | 1,493 | 1,702 | 2,028 | 2,692 | 3,240 |
| CWIP | 81 | 61 | 30 | 91 | 107 | 178 | 165 | 293 | 230 | 282 | 490 | 707 | 790 |
| Investments | 25 | 37 | 40 | 53 | 17 | 33 | 2 | 1 | 18 | 99 | 370 | 676 | 278 |
| Other Assets | 755 | 706 | 739 | 801 | 940 | 1,000 | 1,105 | 1,378 | 1,888 | 2,826 | 2,690 | 4,030 | 4,709 |
| 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 | 9,017 |
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.
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 | 1,790,000 | 2.86 | 2375.69 | 2,778,656 | 2025-12-08 00:51:45 | -35.58% |
| SBI Focused Fund | 1,100,000 | 3.41 | 1459.92 | N/A | N/A | N/A |
| Kotak Flexicap Fund | 1,000,000 | 2.33 | 1327.2 | N/A | N/A | N/A |
| Kotak Midcap Fund | 985,817 | 2.16 | 1308.38 | N/A | N/A | N/A |
| Axis Midcap Fund | 409,811 | 1.69 | 543.9 | 350,469 | 2025-12-07 03:40:01 | 16.93% |
| PGIM India Midcap Fund | 219,060 | 2.52 | 290.74 | 244,398 | 2025-12-15 00:37:44 | -10.37% |
| Edelweiss Mid Cap Fund | 180,547 | 1.82 | 239.62 | 169,704 | 2025-12-07 03:40:01 | 6.39% |
| Kotak Balanced Advantage Fund | 153,082 | 1.13 | 203.17 | 147,883 | 2025-12-07 02:42:04 | 3.52% |
| Canara Robeco Large and Mid Cap Fund | 148,604 | 0.75 | 197.23 | 129,266 | 2025-12-15 00:37:44 | 14.96% |
| Kotak Large Cap Fund | 123,721 | 1.48 | 164.2 | N/A | N/A | N/A |
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) | 7.99 | 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 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.
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: 81.6 (Industry average Stock P/E: 49.13)
- 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 20 December 2025) is 12033.54 which is 1.03% higher the current market price of 11,911.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 1,07,757 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 1,07,757 Cr..
What is the current Stock Price of Solar Industries India Ltd as on 20 December 2025?
The current stock price of Solar Industries India Ltd as on 20 December 2025 is 11,911.
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 81.6.
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 0.08 %.
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.