Share Price and Basic Stock Data
Last Updated: February 3, 2026, 1:47 am
| PEG Ratio | 3.68 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Solar Industries India Ltd, operating in the industrial explosives sector, reported a current price of ₹13,199 and a market capitalization of ₹1,19,305 Cr. The company’s revenue from operations has shown significant growth, increasing from ₹1,073 Cr in March 2014 to ₹6,918 Cr in March 2023. For the trailing twelve months (TTM), revenue stood at ₹8,376 Cr. Quarterly sales figures indicate fluctuations, with the latest sales reported at ₹1,347 Cr for September 2023, reflecting a decline from ₹1,929 Cr in March 2023. The company’s sales trajectory illustrates a compound annual growth rate (CAGR) that highlights its strong market position in the explosives segment, driven by demand in sectors like mining and construction. Solar Industries has also expanded its operations internationally, enhancing its competitive edge and market reach. The sales performance, coupled with a robust operational framework, positions the company favorably against industry peers, although recent quarterly declines warrant close monitoring to ascertain future growth sustainability.
Profitability and Efficiency Metrics
Solar Industries has demonstrated commendable profitability metrics, with a reported net profit of ₹1,398 Cr and a net profit margin of 17% for FY 2025. The operating profit margin (OPM) stood at 26%, indicating efficient cost management and operational effectiveness. Over the past fiscal years, the company has consistently maintained high return ratios, with return on equity (ROE) at 32.6% and return on capital employed (ROCE) at 38.1%, both significantly above industry averages. The interest coverage ratio (ICR) of 17.44x further underscores the company’s ability to meet its interest obligations comfortably. However, the fluctuations in quarterly sales and a slight dip in OPM in the latest quarters raise concerns about the consistency of profitability. The company’s ability to sustain these margins amidst fluctuating sales will be crucial for maintaining investor confidence and market standing.
Balance Sheet Strength and Financial Ratios
Solar Industries reported total assets of ₹9,017 Cr as of September 2025, with a healthy equity base reflected in reserves amounting to ₹5,098 Cr. The company’s total borrowings stood at ₹876 Cr, resulting in a low total debt to equity ratio of 0.21, indicating strong leverage management. The current ratio of 1.95 and quick ratio of 1.46 suggest solid liquidity positions, enabling the company to cover its short-term liabilities effectively. Additionally, the book value per share rose to ₹484.68 in March 2025, reflecting an increase in shareholder value over time. However, the price-to-book value ratio at 23.20x signals that the stock may be overvalued compared to its book value, a factor that potential investors should consider. The overall financial health, combined with efficient asset management as indicated by an asset turnover ratio of 1.08, positions the company well against its peers in the industrial sector.
Shareholding Pattern and Investor Confidence
The shareholding structure of Solar Industries remains robust, with promoters holding a significant 73.15% stake, indicating strong control and commitment from the founding members. Institutional investors, including Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs), account for 7.11% and 12.90% of the shareholding, respectively. This distribution illustrates a balanced interest from institutional players, which can enhance market stability. The total number of shareholders increased to 1,05,014 as of September 2025, reflecting growing retail investor interest. However, the declining trend in FII participation from 6.72% in December 2022 to 5.79% in June 2023 could signal potential concerns regarding the stock’s attractiveness to international investors. The strong promoter holding combined with increasing retail participation suggests a solid foundation of investor confidence, albeit with caution warranted regarding changing institutional sentiment.
Outlook, Risks, and Final Insight
While Solar Industries has shown impressive growth and profitability metrics, several risks loom on the horizon. Fluctuations in quarterly sales and profitability margins may indicate vulnerability to market dynamics, particularly in the cyclical industrial sector. Additionally, the high price-to-earnings ratio of 90.3 raises questions about valuation sustainability, especially if earnings do not grow at expected rates. On the upside, the company’s strong balance sheet, low debt levels, and high return ratios provide a solid foundation for future growth. If Solar Industries can maintain its operational efficiency and adapt to market changes, it could continue to thrive. Conversely, a slowdown in construction and mining activities could adversely affect revenue, necessitating a keen focus on market conditions. Overall, while the company shows strong potential, its future performance hinges on navigating these risks effectively.
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 | 2,621 Cr. | 488 | 684/309 | 52.4 | 51.3 | 0.10 % | 16.9 % | 12.2 % | 2.00 |
| GOCL Corporation Ltd | 1,267 Cr. | 256 | 418/244 | 11.3 | 564 | 3.90 % | 7.02 % | 7.45 % | 2.00 |
| Solar Industries India Ltd | 1,19,305 Cr. | 13,199 | 17,820/8,479 | 90.3 | 565 | 0.08 % | 38.1 % | 32.6 % | 2.00 |
| Industry Average | 41,064.33 Cr | 4,647.67 | 51.33 | 393.43 | 1.36% | 20.67% | 17.42% | 2.00 |
Quarterly Result
| Metric | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,567 | 1,812 | 1,929 | 1,682 | 1,347 | 1,429 | 1,611 | 1,685 | 1,716 | 1,973 | 2,167 | 2,154 | 2,082 |
| Expenses | 1,268 | 1,462 | 1,571 | 1,359 | 1,012 | 1,074 | 1,257 | 1,235 | 1,271 | 1,447 | 1,629 | 1,620 | 1,530 |
| Operating Profit | 299 | 350 | 357 | 323 | 335 | 355 | 354 | 449 | 445 | 527 | 537 | 535 | 552 |
| OPM % | 19% | 19% | 19% | 19% | 25% | 25% | 22% | 27% | 26% | 27% | 25% | 25% | 26% |
| Other Income | 4 | 7 | 11 | 8 | 8 | 11 | 20 | 26 | 36 | 10 | 7 | 29 | 29 |
| Interest | 19 | 25 | 31 | 25 | 25 | 28 | 32 | 27 | 30 | 31 | 29 | 27 | 31 |
| Depreciation | 30 | 32 | 35 | 34 | 34 | 39 | 37 | 40 | 44 | 47 | 50 | 56 | 61 |
| Profit before tax | 254 | 299 | 302 | 272 | 285 | 299 | 305 | 408 | 407 | 459 | 464 | 481 | 490 |
| Tax % | 26% | 27% | 27% | 26% | 27% | 26% | 21% | 26% | 25% | 26% | 25% | 27% | 26% |
| Net Profit | 189 | 219 | 221 | 202 | 209 | 222 | 243 | 301 | 304 | 338 | 346 | 353 | 361 |
| EPS in Rs | 19.49 | 22.61 | 22.78 | 21.82 | 22.12 | 22.47 | 25.98 | 31.66 | 31.59 | 34.80 | 35.61 | 37.43 | 38.12 |
Last Updated: January 2, 2026, 5:04 pm
Below is a detailed analysis of the quarterly data for Solar Industries India Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Sales, as of Sep 2025, the value is 2,082.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,154.00 Cr. (Jun 2025) to 2,082.00 Cr., marking a decrease of 72.00 Cr..
- For Expenses, as of Sep 2025, the value is 1,530.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 1,620.00 Cr. (Jun 2025) to 1,530.00 Cr., marking a decrease of 90.00 Cr..
- For Operating Profit, as of Sep 2025, the value is 552.00 Cr.. The value appears strong and on an upward trend. It has increased from 535.00 Cr. (Jun 2025) to 552.00 Cr., marking an increase of 17.00 Cr..
- For OPM %, as of Sep 2025, the value is 26.00%. The value appears strong and on an upward trend. It has increased from 25.00% (Jun 2025) to 26.00%, marking an increase of 1.00%.
- For Other Income, as of Sep 2025, the value is 29.00 Cr.. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 29.00 Cr..
- For Interest, as of Sep 2025, the value is 31.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 27.00 Cr. (Jun 2025) to 31.00 Cr., marking an increase of 4.00 Cr..
- For Depreciation, as of Sep 2025, the value is 61.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 56.00 Cr. (Jun 2025) to 61.00 Cr., marking an increase of 5.00 Cr..
- For Profit before tax, as of Sep 2025, the value is 490.00 Cr.. The value appears strong and on an upward trend. It has increased from 481.00 Cr. (Jun 2025) to 490.00 Cr., marking an increase of 9.00 Cr..
- For Tax %, as of Sep 2025, the value is 26.00%. The value appears to be improving (decreasing) as expected. It has decreased from 27.00% (Jun 2025) to 26.00%, marking a decrease of 1.00%.
- For Net Profit, as of Sep 2025, the value is 361.00 Cr.. The value appears strong and on an upward trend. It has increased from 353.00 Cr. (Jun 2025) to 361.00 Cr., marking an increase of 8.00 Cr..
- For EPS in Rs, as of Sep 2025, the value is 38.12. The value appears strong and on an upward trend. It has increased from 37.43 (Jun 2025) to 38.12, marking an increase of 0.69.
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 | 2.65 | 2193.11 | 2,778,656 | 2025-12-08 00:51:45 | -35.58% |
| SBI Focused Fund | 1,100,000 | 3.12 | 1347.72 | N/A | N/A | N/A |
| Kotak Flexicap Fund | 1,000,000 | 2.17 | 1225.2 | N/A | N/A | N/A |
| Kotak Midcap Fund | 985,817 | 1.99 | 1207.82 | N/A | N/A | N/A |
| HDFC Defence Fund | 615,157 | 10.2 | 753.69 | N/A | N/A | N/A |
| Axis Midcap Fund | 409,811 | 1.58 | 502.1 | 350,469 | 2025-12-07 03:40:01 | 16.93% |
| Edelweiss Mid Cap Fund | 180,547 | 1.82 | 239.62 | 169,704 | 2025-12-07 03:40:01 | 6.39% |
| Canara Robeco Large and Mid Cap Fund | 183,604 | 0.88 | 224.95 | 148,604 | 2026-01-26 00:40:58 | 23.55% |
| PGIM India Midcap Fund | 176,582 | 1.92 | 216.35 | 219,060 | 2026-01-26 00:40:58 | -19.39% |
| Kotak Balanced Advantage Fund | 153,082 | 1.05 | 187.56 | 147,883 | 2025-12-07 02:42:04 | 3.52% |
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: 90.3 (Industry average Stock P/E: 51.33)
- 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 | Contact not found |
| 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 04 February 2026) is ₹16580.87 which is 25.62% higher the current market price of ₹13,199.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's ₹1,19,305 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 1,19,305 Cr..
What is the current Stock Price of Solar Industries India Ltd as on 04 February 2026?
The current stock price of Solar Industries India Ltd as on 04 February 2026 is ₹13,199.
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 90.3.
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.