Nifty

:

23366.70

Sensex

:

74243.34

-49.85 (-0.21%)
-116.67 (-0.16%)

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Nifty
Sensex

:
:

23366.70
74243.34

-49.85 (-0.21%)
-116.67 (-0.16%)

Solar Industries India Ltd.

Explosives

Rating :

82/99

BSE: 532725 | NSE: SOLARINDS

Watchlist

NSE BSE

18441.00

05-Jun-2026

Open
High
Low
Previous Close

18380
18745
18350
18293.00

Volume
Traded Value (lacs)
52 Week High
52 Week Low

102618
1901184351
18874
11646

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

1,66,792.63
99.43
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

1,66,680.50
0.06%
26.57

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

17.94
24.55
2.89

EBITDA CAGR (%)

10 Years
5 Years
3 Years

20.43
30.43
8.55

PAT CAGR (%)

10 Years
5 Years
3 Years

22.14
34.35
16.89

P:E (Median)

8 Years
5 Years
3 Years

54.57
73.49
92.12

P:BV (Average)

8 Years
5 Years
3 Years

15.22
19.66
23.80

EV:EBITDA (Average)

8 Years
5 Years
3 Years

36.46
45.28
53.23

Earnings Forecasts:

(Updated: 30-05-2026)

Description 2024 2025 2026 2027
Adj EPS 186.9 263.72 322.58 383.27
P/E Ratio 98.67 69.93 57.17 48.11
Revenue 9829.86 13527.6 16623.5 20115.6
EBITDA 2614.49 3660.77 4544.09 5656.83
Net Income 1678.54 2352.24 2887.49 2645.65
ROA 23.36 25.15 23.13 22.03
P/B Ratio 27.93 19.61 14.67 11.53
ROE 32.24 32.3 29.5 28.33
FCFF -289.72 860.92 930.19 1416.95
FCFF Yield -0.17 0.51 0.56 0.85
Net Debt 859.42 668.18 370.3
BVPS 660.29 940.39 1256.83 1598.93

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var%
Net Sales 1,573.71 1,299.28 21.12% 1,492.78 1,207.24 23.65% 1,125.22 905.49 24.27% 1,387.15 1,044.59 32.79%
Expenses 1,116.62 981.00 13.82% 1,056.13 917.67 15.09% 835.33 674.37 23.87% 1,011.61 786.45 28.63%
EBITDA 457.09 318.28 43.61% 436.65 289.57 50.79% 289.89 231.12 25.43% 375.54 258.14 45.48%
EBIDTM 29.05% 24.50% 29.25% 23.99% 25.76% 25.52% 27.07% 24.71%
Other Income 83.48 14.53 474.54% 37.51 11.80 217.88% 56.58 31.64 78.82% 29.67 25.78 15.09%
Interest 7.34 8.08 -9.16% 5.68 7.88 -27.92% 6.26 6.73 -6.98% 6.74 6.24 8.01%
Depreciation 26.42 20.75 27.33% 25.43 19.10 33.14% 24.73 17.86 38.47% 23.13 16.93 36.62%
PBT 506.81 303.98 66.72% 443.05 274.39 61.47% 315.48 238.17 32.46% 375.34 260.75 43.95%
Tax 129.03 76.95 67.68% 113.60 69.97 62.36% 80.53 60.71 32.65% 95.82 66.55 43.98%
PAT 377.78 227.03 66.40% 329.45 204.42 61.16% 234.95 177.46 32.40% 279.52 194.20 43.93%
PATM 24.01% 17.47% 22.07% 16.93% 20.88% 19.60% 20.15% 18.59%
EPS 41.74 25.09 66.36% 36.40 22.59 61.13% 25.96 19.61 32.38% 30.89 21.46 43.94%

Description Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var%
Net Sales 3,052.75 2,166.55 40.90% 2,548.32 1,973.08 29.15% 2,082.22 1,715.83 21.35% 2,154.45 1,684.80 27.88%
Expenses 2,226.78 1,626.88 36.87% 1,840.12 1,446.54 27.21% 1,529.43 1,271.06 20.33% 1,619.60 1,235.42 31.10%
EBITDA 825.97 539.67 53.05% 708.20 526.54 34.50% 552.79 444.77 24.29% 534.85 449.38 19.02%
EBIDTM 27.06% 24.91% 27.79% 26.69% 26.55% 25.92% 24.83% 26.67%
Other Income 44.47 6.55 578.93% 25.07 9.54 162.79% 29.18 30.45 -4.17% 29.26 24.29 20.46%
Interest 41.27 28.78 43.40% 34.38 30.51 12.68% 30.89 29.74 3.87% 27.43 27.47 -0.15%
Depreciation 71.42 50.49 41.45% 62.85 47.42 32.54% 60.62 43.61 39.00% 55.98 39.98 40.02%
PBT 757.75 466.95 62.28% 636.04 458.15 38.83% 490.46 401.87 22.04% 480.70 406.22 18.33%
Tax 203.00 118.26 71.66% 169.37 121.61 39.27% 128.07 103.19 24.11% 128.14 107.75 18.92%
PAT 554.75 348.69 59.10% 466.67 336.54 38.67% 362.39 298.68 21.33% 352.56 298.47 18.12%
PATM 18.17% 16.09% 18.31% 17.06% 17.40% 17.41% 16.36% 17.72%
EPS 60.51 35.61 69.92% 49.31 34.79 41.74% 38.12 31.59 20.67% 37.43 31.65 18.26%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone

Right to Left

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Net Sales 5,578.86 4,456.60 3,717.52 4,162.25 2,528.34 1,584.40 1,511.54 1,663.22 1,273.27 1,137.31 1,016.36 Net Sales Growth 25.18% 19.88% -10.68% 64.62% 59.58% 4.82% -9.12% 30.63% 11.95% 11.90% Cost Of Goods Sold 2,936.36 2,579.81 2,301.45 3,004.82 1,782.18 1,023.40 960.44 1,075.68 821.95 753.29 699.54 Gross Profit 2,642.50 1,876.79 1,416.07 1,157.43 746.16 561.00 551.10 587.54 451.32 384.02 316.82 GP Margin 47.37% 42.11% 38.09% 27.81% 29.51% 35.41% 36.46% 35.33% 35.45% 33.77% 31.17% Total Expenditure 4,019.69 3,359.49 2,882.86 3,540.78 2,168.56 1,312.32 1,248.32 1,350.05 1,046.05 920.47 833.96 Power & Fuel Cost - 51.11 42.42 45.89 30.56 22.91 22.05 22.26 16.46 14.02 13.29 % Of Sales - 1.15% 1.14% 1.10% 1.21% 1.45% 1.46% 1.34% 1.29% 1.23% 1.31% Employee Cost - 204.94 164.88 135.20 111.06 88.91 85.01 82.22 69.00 54.35 43.41 % Of Sales - 4.60% 4.44% 3.25% 4.39% 5.61% 5.62% 4.94% 5.42% 4.78% 4.27% Manufacturing Exp. - 121.05 106.39 96.28 79.69 60.45 62.85 58.23 40.13 33.23 26.79 % Of Sales - 2.72% 2.86% 2.31% 3.15% 3.82% 4.16% 3.50% 3.15% 2.92% 2.64% General & Admin Exp. - 89.43 70.46 49.18 60.05 35.44 35.64 33.37 30.66 27.47 20.79 % Of Sales - 2.01% 1.90% 1.18% 2.38% 2.24% 2.36% 2.01% 2.41% 2.42% 2.05% Selling & Distn. Exp. - 272.38 160.73 155.93 70.04 45.26 50.86 44.29 35.71 18.44 16.01 % Of Sales - 6.11% 4.32% 3.75% 2.77% 2.86% 3.36% 2.66% 2.80% 1.62% 1.58% Miscellaneous Exp. - 40.77 36.53 53.48 34.98 35.95 31.47 34.00 32.14 19.67 16.01 % Of Sales - 0.91% 0.98% 1.28% 1.38% 2.27% 2.08% 2.04% 2.52% 1.73% 1.39% EBITDA 1,559.17 1,097.11 834.66 621.47 359.78 272.08 263.22 313.17 227.22 216.84 182.40 EBITDA Margin 27.95% 24.62% 22.45% 14.93% 14.23% 17.17% 17.41% 18.83% 17.85% 19.07% 17.95% Other Income 207.24 83.75 58.34 63.20 51.53 25.64 35.35 21.22 18.52 13.38 15.66 Interest 26.02 28.93 29.58 27.57 8.85 6.52 12.17 11.92 14.23 13.79 7.66 Depreciation 99.71 74.64 63.37 57.02 49.44 37.98 33.96 28.93 26.09 19.28 17.72 PBT 1,640.68 1,077.29 800.05 600.08 353.02 253.22 252.44 293.54 205.42 197.15 172.68 Tax 418.98 274.18 203.75 154.69 91.50 64.15 39.04 96.02 71.16 64.57 63.82 Tax Rate 25.54% 25.45% 25.47% 25.78% 25.92% 25.33% 15.47% 33.40% 34.64% 32.75% 36.96% PAT 1,221.70 803.11 596.30 445.39 261.52 189.07 213.40 191.47 134.26 132.58 108.86 PAT before Minority Interest 1,221.70 803.11 596.30 445.39 261.52 189.07 213.40 191.47 134.26 132.58 108.86 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 21.90% 18.02% 16.04% 10.70% 10.34% 11.93% 14.12% 11.51% 10.54% 11.66% 10.71% PAT Growth 52.12% 34.68% 33.88% 70.31% 38.32% -11.40% 11.45% 42.61% 1.27% 21.79% EPS 134.99 88.74 65.89 49.21 28.90 20.89 23.58 21.16 14.84 14.65 12.03

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Net Sales 9,837.74 7,540.26 6,069.52 6,922.53 3,947.61 2,515.63 2,237.30 2,461.57 1,916.12 1,579.99 1,448.62 Net Sales Growth 30.47% 24.23% -12.32% 75.36% 56.92% 12.44% -9.11% 28.47% 21.27% 9.07% Cost Of Goods Sold 4,845.12 3,907.29 3,196.17 4,342.37 2,327.33 1,346.77 1,215.00 1,400.94 1,063.58 907.22 876.97 Gross Profit 4,992.62 3,632.97 2,873.35 2,580.16 1,620.28 1,168.86 1,022.30 1,060.63 852.54 672.77 571.65 GP Margin 50.75% 48.18% 47.34% 37.27% 41.04% 46.46% 45.69% 43.09% 44.49% 42.58% 39.46% Total Expenditure 7,215.93 5,598.13 4,700.31 5,633.61 3,213.05 2,001.03 1,802.98 1,959.63 1,515.30 1,256.10 1,145.99 Power & Fuel Cost - 81.90 60.09 61.64 42.59 32.12 30.64 28.90 20.76 18.59 17.66 % Of Sales - 1.09% 0.99% 0.89% 1.08% 1.28% 1.37% 1.17% 1.08% 1.18% 1.22% Employee Cost - 547.02 400.45 330.60 267.47 221.97 195.95 174.06 133.48 104.31 87.63 % Of Sales - 7.25% 6.60% 4.78% 6.78% 8.82% 8.76% 7.07% 6.97% 6.60% 6.05% Manufacturing Exp. - 186.45 151.68 133.00 106.71 76.56 81.44 75.31 99.34 64.93 53.53 % Of Sales - 2.47% 2.50% 1.92% 2.70% 3.04% 3.64% 3.06% 5.18% 4.11% 3.70% General & Admin Exp. - 198.50 145.10 109.39 105.77 70.62 65.55 59.96 60.89 45.83 40.50 % Of Sales - 2.63% 2.39% 1.58% 2.68% 2.81% 2.93% 2.44% 3.18% 2.90% 2.80% Selling & Distn. Exp. - 496.37 363.97 367.51 225.22 155.78 139.35 137.65 70.25 44.57 33.80 % Of Sales - 6.58% 6.00% 5.31% 5.71% 6.19% 6.23% 5.59% 3.67% 2.82% 2.33% Miscellaneous Exp. - 180.60 382.85 289.10 137.96 97.21 75.05 82.81 67.00 70.65 33.80 % Of Sales - 2.40% 6.31% 4.18% 3.49% 3.86% 3.35% 3.36% 3.50% 4.47% 2.48% EBITDA 2,621.81 1,942.13 1,369.21 1,288.92 734.56 514.60 434.32 501.94 400.82 323.89 302.63 EBITDA Margin 26.65% 25.76% 22.56% 18.62% 18.61% 20.46% 19.41% 20.39% 20.92% 20.50% 20.89% Other Income 127.98 89.06 44.47 31.52 32.36 21.42 41.05 14.72 22.83 13.21 14.87 Interest 133.97 116.50 109.37 90.38 50.25 45.39 55.04 49.87 32.72 26.89 20.44 Depreciation 250.87 181.50 143.38 128.21 109.25 93.53 84.53 58.89 51.29 38.74 32.82 PBT 2,364.95 1,733.19 1,160.93 1,101.85 607.42 397.10 335.80 407.90 339.64 271.47 264.24 Tax 628.58 450.81 286.05 290.41 151.95 109.03 57.13 125.05 106.05 76.74 86.74 Tax Rate 26.58% 26.01% 24.64% 26.36% 25.02% 27.46% 17.01% 31.12% 31.22% 28.27% 32.83% PAT 1,736.37 1,209.44 835.93 757.19 441.28 276.35 267.43 261.61 220.55 186.54 163.66 PAT before Minority Interest 1,677.28 1,287.93 875.23 811.17 455.47 288.07 278.67 276.80 233.59 194.73 177.50 Minority Interest -59.09 -78.49 -39.30 -53.98 -14.19 -11.72 -11.24 -15.19 -13.04 -8.19 -13.84 PAT Margin 17.65% 16.04% 13.77% 10.94% 11.18% 10.99% 11.95% 10.63% 11.51% 11.81% 11.30% PAT Growth 35.40% 44.68% 10.40% 71.59% 59.68% 3.34% 2.22% 18.62% 18.23% 13.98% EPS 191.86 133.64 92.37 83.67 48.76 30.54 29.55 28.91 24.37 20.61 18.08

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Shareholder's Funds 3,066.96 2,346.47 1,767.45 1,365.59 1,156.81 1,021.38 885.05 759.21 658.64 548.29 Share Capital 18.10 18.10 18.10 18.10 18.10 18.10 18.10 18.10 18.10 18.10 Total Reserves 3,048.86 2,328.37 1,749.35 1,347.49 1,138.71 1,003.28 866.95 741.11 640.54 530.19 Non-Current Liabilities 488.04 329.20 290.60 204.79 147.30 136.04 127.89 156.96 148.42 155.15 Secured Loans 79.91 154.56 147.36 118.56 74.65 63.45 36.89 75.22 80.30 96.67 Unsecured Loans 13.65 38.49 35.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Current Liabilities 880.72 559.58 711.12 438.70 296.34 227.04 279.27 184.66 242.51 196.34 Trade Payables 581.41 333.45 393.91 335.35 187.42 106.33 86.27 59.27 36.99 77.88 Other Current Liabilities 288.50 219.02 170.28 99.29 85.22 78.52 142.50 101.57 107.41 61.68 Short Term Borrowings 0.00 0.00 142.36 0.00 20.00 38.74 45.22 21.26 96.72 56.78 Short Term Provisions 10.81 7.11 4.57 4.06 3.70 3.45 5.28 2.56 1.39 0.00 Total Liabilities 4,435.72 3,235.25 2,769.17 2,009.08 1,600.45 1,384.46 1,292.21 1,100.83 1,049.57 899.78 Net Block 1,138.73 811.24 779.30 706.19 557.76 544.80 470.35 420.18 402.75 351.07 Gross Block 1,512.04 1,110.56 1,025.54 902.33 710.91 661.94 553.99 476.68 433.80 451.59 Accumulated Depreciation 373.31 299.32 246.24 196.14 153.15 117.14 83.64 56.50 31.05 100.52 Non Current Assets 2,496.92 1,837.39 1,492.53 1,256.57 1,004.71 887.31 805.25 714.22 611.17 553.80 Capital Work in Progress 112.67 219.15 78.41 40.91 129.69 32.34 73.88 34.56 15.97 12.12 Non Current Investment 686.46 453.89 206.41 145.79 128.53 129.85 62.10 57.67 58.24 60.80 Long Term Loans & Adv. 547.26 351.49 428.41 363.68 188.73 180.32 198.04 200.86 132.42 129.04 Other Non Current Assets 11.80 1.62 0.00 0.00 0.00 0.00 0.88 0.95 1.79 0.77 Current Assets 1,938.80 1,397.86 1,276.64 749.60 595.74 497.15 486.43 385.01 438.40 345.98 Current Investments 172.50 213.44 20.00 0.00 0.00 0.02 30.08 7.85 44.26 5.55 Inventories 396.97 264.11 460.05 273.87 142.75 100.28 93.57 90.66 77.83 69.46 Sundry Debtors 786.52 605.12 539.46 297.75 294.80 205.96 185.49 157.64 177.81 132.33 Cash & Bank 196.17 65.18 60.95 25.24 47.63 64.98 27.31 9.94 9.71 6.32 Other Current Assets 386.64 27.17 10.97 15.49 110.56 125.91 149.98 118.92 128.79 132.32 Short Term Loans & Adv. 335.36 222.84 185.21 137.25 101.00 116.60 144.17 114.37 121.95 120.36 Net Current Assets 1,058.08 838.28 565.52 310.90 299.40 270.11 207.16 200.35 195.89 149.64 Total Assets 4,435.72 3,235.25 2,769.17 2,006.17 1,600.45 1,384.46 1,291.68 1,099.23 1,049.57 899.78

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Shareholder's Funds 4,386.34 3,305.60 2,610.34 1,914.28 1,579.41 1,380.09 1,238.33 1,083.86 928.59 805.45 Share Capital 18.10 18.10 18.10 18.10 18.10 18.10 18.10 18.10 18.10 18.10 Total Reserves 4,368.24 3,287.50 2,592.24 1,896.18 1,561.31 1,361.99 1,220.23 1,065.76 910.49 787.35 Non-Current Liabilities 1,455.04 648.37 525.72 496.63 497.89 317.04 242.60 290.75 226.40 211.07 Secured Loans 320.98 472.72 390.99 397.76 401.18 219.06 115.17 162.71 147.34 134.07 Unsecured Loans 72.90 110.83 81.72 38.10 32.03 33.74 36.39 33.39 0.62 0.64 Long Term Provisions 5.32 3.44 2.64 1.00 0.91 1.92 0.15 0.18 0.00 0.00 Current Liabilities 2,113.88 1,501.42 1,632.32 1,117.88 819.43 732.15 724.47 565.98 526.50 447.89 Trade Payables 887.13 552.65 488.48 464.94 286.08 154.43 163.30 143.33 89.32 108.03 Other Current Liabilities 931.12 715.72 733.83 382.50 310.70 208.67 234.60 175.08 172.04 130.91 Short Term Borrowings 218.77 198.88 333.01 237.07 193.98 357.27 314.27 229.28 260.99 208.95 Short Term Provisions 76.86 34.17 77.00 33.37 28.67 11.78 12.30 18.29 4.15 0.00 Total Liabilities 8,105.54 5,577.04 4,908.74 3,629.42 2,959.42 2,480.79 2,252.95 1,987.97 1,721.75 1,512.21 Net Block 2,692.01 2,027.72 1,701.83 1,492.73 1,287.53 1,208.55 1,042.88 923.28 776.77 702.79 Gross Block 3,472.73 2,614.55 2,210.20 1,923.56 1,622.57 1,455.90 1,213.56 1,037.78 839.76 861.51 Accumulated Depreciation 780.72 586.83 508.37 430.83 335.04 247.35 170.68 114.50 62.99 158.72 Non Current Assets 3,979.03 2,928.66 2,407.39 1,965.56 1,733.76 1,497.29 1,290.45 1,169.29 989.82 863.21 Capital Work in Progress 706.98 489.79 282.03 230.37 292.88 164.97 177.56 107.40 90.93 30.44 Non Current Investment 147.30 156.47 78.51 18.22 0.97 2.33 2.56 3.04 3.50 9.17 Long Term Loans & Adv. 429.79 254.52 345.02 220.21 149.64 119.80 65.51 134.62 116.83 119.57 Other Non Current Assets 2.95 0.16 0.00 4.03 2.74 1.64 1.94 0.95 1.79 1.24 Current Assets 4,122.53 2,648.38 2,501.35 1,660.95 1,225.66 983.50 961.97 817.08 731.93 649.00 Current Investments 528.97 213.44 20.00 0.00 0.00 0.02 30.08 14.01 49.75 30.92 Inventories 1,039.98 846.82 1,097.99 718.87 440.49 330.98 282.74 232.42 181.07 159.86 Sundry Debtors 1,238.58 844.85 825.28 541.10 455.48 370.32 399.04 363.58 319.06 270.98 Cash & Bank 725.48 287.26 260.09 98.75 181.20 120.14 91.76 69.46 39.39 36.71 Other Current Assets 589.52 69.05 31.33 35.24 148.49 162.04 158.35 137.61 142.66 150.53 Short Term Loans & Adv. 469.33 386.96 266.66 266.99 123.00 149.99 149.98 119.88 124.60 119.62 Net Current Assets 2,008.65 1,146.96 869.03 543.07 406.23 251.35 237.50 251.10 205.43 201.11 Total Assets 8,101.56 5,577.04 4,908.74 3,626.51 2,959.42 2,480.79 2,252.42 1,986.37 1,721.75 1,512.21

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Cash From Operating Activity 1,053.91 769.70 132.72 294.01 147.77 194.93 209.77 212.75 70.16 174.02 PBT 1,077.29 800.05 600.08 353.02 253.22 252.44 287.49 205.42 197.15 172.68 Adjustment 43.03 63.15 33.47 16.06 41.06 25.52 53.44 31.55 25.92 17.25 Changes in Working Capital 195.67 93.05 -361.18 -2.18 -82.08 -17.55 -44.16 34.58 -105.38 16.25 Cash after chg. in Working capital 1,315.99 956.25 272.37 366.90 212.20 260.41 296.77 271.55 117.69 206.18 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -262.08 -186.55 -139.65 -72.89 -64.43 -65.48 -87.00 -58.80 -47.53 -32.16 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -691.25 -549.29 -270.73 -280.21 -99.33 -9.93 -129.22 -78.26 -100.02 -109.09 Net Fixed Assets -295.00 -225.76 -160.71 -102.64 -146.32 -66.41 -116.63 -61.47 13.94 -72.03 Net Investments -191.63 -440.92 -80.62 -17.26 1.34 -37.69 -26.66 36.98 -36.15 -7.75 Others -204.62 117.39 -29.40 -160.31 45.65 94.17 14.07 -53.77 -77.81 -29.31 Cash from Financing Activity -231.81 -216.50 173.04 -36.02 -65.95 -142.08 -64.65 -138.64 35.84 -64.84 Net Cash Inflow / Outflow 130.85 3.91 35.03 -22.22 -17.51 42.92 15.90 -4.15 5.98 0.09 Opening Cash & Equivalents 62.07 58.16 23.13 45.35 62.86 19.94 4.04 8.19 2.21 2.12 Closing Cash & Equivalent 192.92 62.07 58.16 23.13 45.35 62.86 19.94 4.04 8.19 2.21

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Cash From Operating Activity 2,467.56 1,406.01 656.48 297.80 356.68 324.81 313.75 254.10 117.62 243.28 PBT 1,733.19 1,160.93 1,101.85 607.42 397.10 335.80 401.85 339.64 271.47 264.24 Adjustment 323.05 364.21 335.76 162.27 168.94 130.31 142.72 104.26 16.94 51.51 Changes in Working Capital 814.38 180.42 -526.72 -312.29 -105.27 -33.35 -101.40 -100.35 -111.76 -25.52 Cash after chg. in Working capital 2,870.62 1,705.56 910.89 457.40 460.77 432.76 443.17 343.55 176.65 290.23 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -403.06 -299.55 -254.41 -159.60 -104.09 -107.95 -129.42 -89.45 -59.03 -46.95 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -1,593.21 -727.34 -518.97 -303.05 -250.74 -212.24 -202.26 -174.33 -170.40 -140.83 Net Fixed Assets -295.00 -225.76 -160.71 -102.64 -146.32 -66.41 -116.63 -61.47 13.94 -72.03 Net Investments -191.63 -440.92 -80.62 -17.26 1.34 -37.69 -26.66 36.98 -36.15 -7.75 Others -1,106.58 -60.66 -277.64 -183.15 -105.76 -108.14 -58.97 -149.84 -148.19 -61.05 Cash from Financing Activity -476.36 -370.28 118.16 -45.40 -26.07 -33.62 -51.74 -53.21 53.27 -91.62 Net Cash Inflow / Outflow 397.99 308.39 255.67 -50.65 79.87 78.95 59.75 26.56 0.49 10.83 Opening Cash & Equivalents 258.98 245.04 84.67 169.93 92.56 61.00 52.49 25.93 25.44 14.61 Closing Cash & Equivalent 590.43 258.98 245.04 84.67 169.93 92.56 61.00 52.49 25.93 25.44

Financial Ratios

Consolidated /

Standalone

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Book Value (Rs.) 338.89 259.28 195.30 150.89 127.82 112.86 97.80 83.89 72.78 60.58 ROA 20.94% 19.86% 18.64% 14.49% 12.67% 15.95% 16.00% 12.49% 13.60% 12.86% ROE 29.67% 28.99% 28.43% 20.74% 17.36% 22.39% 23.29% 18.94% 21.97% 20.31% ROCE 37.37% 34.23% 33.85% 25.83% 21.35% 23.98% 30.43% 24.19% 25.91% 25.72% Fixed Asset Turnover 3.43 3.52 4.39 3.18 2.36 2.49 3.23 2.87 2.83 2.74 Receivable days 56.42 55.57 36.11 42.19 56.47 47.26 37.65 46.90 45.16 40.20 Inventory Days 26.80 35.16 31.66 29.66 27.41 23.41 20.21 23.56 21.45 18.77 Payable days 20.55 27.78 23.22 27.46 40.96 27.04 20.20 17.15 23.25 25.82 Cash Conversion Cycle 62.68 62.95 44.55 44.38 42.92 43.63 37.67 53.30 43.37 33.15 Total Debt/Equity 0.06 0.13 0.24 0.11 0.11 0.13 0.19 0.20 0.37 0.32 Interest Cover 38.24 28.05 22.77 40.89 39.84 21.74 25.12 15.44 15.30 23.54

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Book Value (Rs.) 484.68 365.26 288.44 211.52 174.52 152.50 136.83 119.76 102.61 89.00 ROA 18.83% 16.69% 19.00% 13.83% 10.59% 11.77% 13.05% 12.59% 12.04% 12.24% ROE 33.49% 29.59% 35.86% 26.07% 19.47% 21.29% 23.84% 23.21% 22.46% 22.46% ROCE 38.11% 31.03% 36.34% 25.56% 19.87% 19.89% 26.24% 24.57% 22.67% 24.24% Fixed Asset Turnover 2.48 2.52 3.35 2.25 1.66 1.68 2.19 2.08 2.01 2.00 Receivable days 50.43 50.22 36.02 45.64 59.10 62.76 56.54 63.84 62.93 53.60 Inventory Days 45.67 58.48 47.90 53.10 55.21 50.06 38.19 38.67 36.36 37.65 Payable days 38.09 37.92 25.49 38.93 51.02 31.41 29.72 28.88 29.94 28.20 Cash Conversion Cycle 58.00 70.78 58.43 59.82 63.30 81.41 65.01 73.63 69.34 63.05 Total Debt/Equity 0.21 0.33 0.45 0.45 0.50 0.51 0.49 0.48 0.54 0.49 Interest Cover 15.92 11.62 13.19 13.09 9.75 7.10 9.06 11.38 11.10 13.93

Top Investors:

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Annual Reports:

News Update:

Solar Industries along with arm bags export orders worth Rs 1076 crore
29th May 2026, 12:39 PM

The orders involve supply of Defence Products
Read More
Solar Industries India reports 70% jump in Q4 consolidated net profit
16th May 2026, 18:00 PM

Consolidated total income of the company increased by 42.53% at Rs 3,097.22 crore for Q4FY26
Read More
Solar Industries - Quarterly Results
16th May 2026, 00:00 AM

Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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