Solar Industries India, 532725, SOLARINDS Share Price, Rating, Research, Analysis, Fundamental & Historical Data

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

1,24,456.40
94.23
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

1,24,984.31
0.07%
24.33

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

50.83
64.29
86.64

P:BV (Average)

8 Years
5 Years
3 Years

14.32
18.01
22.36

EV:EBITDA (Average)

8 Years
5 Years
3 Years

34.66
42.23
49.26

Earnings Forecasts:

(Updated: 21-11-2025)

Description 2024 2025 2026 2027
Adj EPS 133.65 188.63 243.58 285.78
P/E Ratio 102.94 72.94 56.48 48.14
Revenue 7540.26 10077.7 12838.2 15380
EBITDA 1960.36 2662.45 3447.38 4151.26
Net Income 1209.44 1708.08 2203.43 2617.59
ROA 17.28 23.34 23.98 23
P/B Ratio 28.38 20.92 15.40 12.06
ROE 31.45 32.82 31.3 28.13
FCFF 1468.83 -472.24 344.36 756.63
FCFF Yield 1.17 -0.38 0.27 0.6
Net Debt -279.5 935.75 848.72 812.63
BVPS 484.73 657.51 893.37 1140.99

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var%
Net Sales 1,125.22 905.49 24.27% 1,387.15 1,044.59 32.79% 1,299.28 1,001.67 29.71% 1,207.24 902.25 33.80%
Expenses 835.33 674.37 23.87% 1,011.61 786.45 28.63% 981.00 751.43 30.55% 917.67 710.35 29.19%
EBITDA 289.89 231.12 25.43% 375.54 258.14 45.48% 318.28 250.24 27.19% 289.57 191.90 50.90%
EBIDTM 25.76% 25.52% 27.07% 24.71% 24.50% 24.98% 23.99% 21.27%
Other Income 56.58 31.64 78.82% 29.67 25.78 15.09% 14.53 13.18 10.24% 11.80 17.68 -33.26%
Interest 6.26 6.73 -6.98% 6.74 6.24 8.01% 8.08 7.88 2.54% 7.88 7.73 1.94%
Depreciation 24.73 17.86 38.47% 23.13 16.93 36.62% 20.75 16.20 28.09% 19.10 16.13 18.41%
PBT 315.48 238.17 32.46% 375.34 260.75 43.95% 303.98 239.34 27.01% 274.39 185.72 47.74%
Tax 80.53 60.71 32.65% 95.82 66.55 43.98% 76.95 59.95 28.36% 69.97 47.40 47.62%
PAT 234.95 177.46 32.40% 279.52 194.20 43.93% 227.03 179.39 26.56% 204.42 138.32 47.79%
PATM 20.88% 19.60% 20.15% 18.59% 17.47% 17.91% 16.93% 15.33%
EPS 25.96 19.61 32.38% 30.89 21.46 43.94% 25.09 19.82 26.59% 22.59 15.28 47.84%

Description Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var%
Net Sales 2,082.22 1,715.83 21.35% 2,154.45 1,684.80 27.88% 2,166.55 1,610.71 34.51% 1,973.08 1,429.14 38.06%
Expenses 1,529.43 1,271.06 20.33% 1,619.60 1,235.42 31.10% 1,626.88 1,257.01 29.42% 1,446.54 1,072.90 34.83%
EBITDA 552.79 444.77 24.29% 534.85 449.38 19.02% 539.67 353.70 52.58% 526.54 356.24 47.80%
EBIDTM 26.55% 25.92% 24.83% 26.67% 24.91% 21.96% 26.69% 24.93%
Other Income 29.18 30.45 -4.17% 29.26 24.29 20.46% 6.55 17.65 -62.89% 9.54 10.91 -12.56%
Interest 30.89 29.74 3.87% 27.43 27.47 -0.15% 28.78 31.52 -8.69% 30.51 28.29 7.85%
Depreciation 60.62 43.61 39.00% 55.98 39.98 40.02% 50.49 37.01 36.42% 47.42 38.60 22.85%
PBT 490.46 401.87 22.04% 480.70 406.22 18.33% 466.95 302.82 54.20% 458.15 300.26 52.58%
Tax 128.07 103.19 24.11% 128.14 107.75 18.92% 118.26 62.67 88.70% 121.61 76.99 57.96%
PAT 362.39 298.68 21.33% 352.56 298.47 18.12% 348.69 240.15 45.20% 336.54 223.27 50.73%
PATM 17.40% 17.41% 16.36% 17.72% 16.09% 14.91% 17.06% 15.62%
EPS 38.12 31.59 20.67% 37.43 31.65 18.26% 35.61 25.97 37.12% 34.79 22.47 54.83%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Net Sales 5,018.89 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 30.23% 19.88% -10.68% 64.62% 59.58% 4.82% -9.12% 30.63% 11.95% 11.90% Cost Of Goods Sold 2,793.86 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 2,225.03 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 44.33% 42.11% 38.09% 27.81% 29.51% 35.41% 36.46% 35.33% 35.45% 33.77% 31.17% Total Expenditure 3,745.61 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 51.82 54.23 49.40 32.77 27.58 22.33 % Of Sales - 2.72% 2.86% 2.31% 3.15% 3.27% 3.59% 2.97% 2.57% 2.43% 2.20% 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 53.89 59.48 53.12 43.07 24.09 20.47 % Of Sales - 6.11% 4.32% 3.75% 2.77% 3.40% 3.94% 3.19% 3.38% 2.12% 2.01% Miscellaneous Exp. - 40.77 36.53 53.48 34.98 35.95 31.47 34.00 32.14 19.67 20.47 % Of Sales - 0.91% 0.98% 1.28% 1.38% 2.27% 2.08% 2.04% 2.52% 1.73% 1.39% EBITDA 1,273.28 1,097.11 834.66 621.47 359.78 272.08 263.22 313.17 227.22 216.84 182.40 EBITDA Margin 25.37% 24.62% 22.45% 14.93% 14.23% 17.17% 17.41% 18.83% 17.85% 19.07% 17.95% Other Income 112.58 83.75 58.34 63.20 51.53 25.64 35.35 21.22 18.52 13.38 15.66 Interest 28.96 28.93 29.58 27.57 8.85 6.52 12.17 11.92 14.23 13.79 7.66 Depreciation 87.71 74.64 63.37 57.02 49.44 37.98 33.96 28.93 26.09 19.28 17.72 PBT 1,269.19 1,077.29 800.05 600.08 353.02 253.22 252.44 293.54 205.42 197.15 172.68 Tax 323.27 274.18 203.75 154.69 91.50 64.15 39.04 96.02 71.16 64.57 63.82 Tax Rate 25.47% 25.45% 25.47% 25.78% 25.92% 25.33% 15.47% 33.40% 34.64% 32.75% 36.96% PAT 945.92 803.11 596.30 445.39 261.52 189.07 213.40 191.47 134.26 132.58 108.86 PAT before Minority Interest 945.92 803.11 596.30 445.39 261.52 189.07 213.40 191.47 134.26 132.58 108.86 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 18.85% 18.02% 16.04% 10.70% 10.34% 11.93% 14.12% 11.51% 10.54% 11.66% 10.71% PAT Growth 37.22% 34.68% 33.88% 70.31% 38.32% -11.40% 11.45% 42.61% 1.27% 21.79% EPS 104.52 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 8,376.30 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 30.06% 24.23% -12.32% 75.36% 56.92% 12.44% -9.11% 28.47% 21.27% 9.07% Cost Of Goods Sold 4,276.41 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 4,099.89 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 48.95% 48.18% 47.34% 37.27% 41.04% 46.46% 45.69% 43.09% 44.49% 42.58% 39.46% Total Expenditure 6,222.45 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 67.44 71.81 65.01 90.52 57.63 47.66 % Of Sales - 2.47% 2.50% 1.92% 2.70% 2.68% 3.21% 2.64% 4.72% 3.65% 3.29% 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. - 496.37 363.97 367.51 225.22 164.90 148.98 147.95 79.07 51.87 39.67 % Of Sales - 6.58% 6.00% 5.31% 5.71% 6.56% 6.66% 6.01% 4.13% 3.28% 2.74% Miscellaneous Exp. - 180.60 382.85 289.10 137.96 97.21 75.05 82.81 67.00 70.65 39.67 % Of Sales - 2.40% 6.31% 4.18% 3.49% 3.86% 3.35% 3.36% 3.50% 4.47% 2.48% EBITDA 2,153.85 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 25.71% 25.76% 22.56% 18.62% 18.61% 20.46% 19.41% 20.39% 20.92% 20.50% 20.89% Other Income 74.53 89.06 44.47 31.52 32.36 21.42 41.05 14.72 22.83 13.21 14.87 Interest 117.61 116.50 109.37 90.38 50.25 45.39 55.04 49.87 32.72 26.89 20.44 Depreciation 214.51 181.50 143.38 128.21 109.25 93.53 84.53 58.89 51.29 38.74 32.82 PBT 1,896.26 1,733.19 1,160.93 1,101.85 607.42 397.10 335.80 407.90 339.64 271.47 264.24 Tax 496.08 450.81 286.05 290.41 151.95 109.03 57.13 125.05 106.05 76.74 86.74 Tax Rate 26.16% 26.01% 24.64% 26.36% 25.02% 27.46% 17.01% 31.12% 31.22% 28.27% 32.83% PAT 1,400.18 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 1,323.27 1,287.93 875.23 811.17 455.47 288.07 278.67 276.80 233.59 194.73 177.50 Minority Interest -76.91 -78.49 -39.30 -53.98 -14.19 -11.72 -11.24 -15.19 -13.04 -8.19 -13.84 PAT Margin 16.72% 16.04% 13.77% 10.94% 11.18% 10.99% 11.95% 10.63% 11.51% 11.81% 11.30% PAT Growth 32.02% 44.68% 10.40% 71.59% 59.68% 3.34% 2.22% 18.62% 18.23% 13.98% EPS 154.72 133.64 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

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. 474.15 290.98 332.51 277.02 130.43 163.64 190.31 179.81 113.70 113.27 Other Non Current Assets 84.91 62.13 95.90 86.66 58.30 16.68 8.61 22.00 20.51 16.54 Current Assets 1,938.80 1,397.86 1,276.64 749.60 595.74 497.15 486.96 386.61 438.40 345.98 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 99.22 22.00 63.30 110.56 125.91 150.51 120.52 128.79 132.32 Short Term Loans & Adv. 253.12 150.79 174.18 89.44 53.50 47.79 69.06 77.20 89.10 90.64 Net Current Assets 1,058.08 838.28 565.52 310.90 299.40 270.11 207.69 201.95 195.89 149.64 Total Assets 4,435.72 3,235.25 2,769.17 2,006.17 1,600.45 1,384.46 1,292.21 1,100.83 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 320.98 472.73 391.05 397.89 401.41 252.80 151.56 196.10 147.96 134.07 Unsecured Loans 72.90 110.82 81.66 37.97 31.80 0.00 0.00 0.00 0.00 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 931.12 715.98 735.10 382.76 310.70 208.57 235.95 175.08 172.04 130.91 Short Term Borrowings 218.77 198.62 331.74 236.81 193.98 357.37 312.92 229.28 260.99 208.95 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. 300.00 154.75 195.05 95.88 67.83 98.24 54.30 106.67 94.22 101.67 Other Non Current Assets 132.74 99.93 149.97 128.36 84.55 23.20 13.15 28.90 24.40 19.14 Current Assets 4,122.53 2,648.38 2,501.35 1,660.95 1,225.66 983.50 962.50 818.68 731.93 649.00 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 589.52 183.66 46.53 99.95 148.49 162.04 158.88 139.21 142.66 150.53 Short Term Loans & Adv. 326.35 272.35 251.46 202.28 63.04 65.95 55.27 73.67 78.65 81.65 Net Current Assets 2,008.65 1,146.96 869.03 543.07 406.23 251.35 238.03 252.70 205.43 201.11 Total Assets 8,101.56 5,577.04 4,908.74 3,626.51 2,959.42 2,480.79 2,252.95 1,987.97 1,721.75 1,512.21

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone

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

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:

sbi equity hybrid fund

kotak flexicap fund

axis mutual fund trustee limited a/c axis mutual fund a/c axis midcap fund

Annual Reports:

News Update:

Solar Industries bags order worth Rs 1400 crore along with subsidiary
18th Nov 2025, 14:51 PM

The order is to be delivered over a period of 4 years
Read More
Solar Industries reports 21% rise in Q2 consolidated net profit
11th Nov 2025, 14:40 PM

The consolidated total income of the company increased by 20.91% at Rs 2,111.40 crore for Q2FY26
Read More
Solar Industries - Quarterly Results
11th Nov 2025, 00:00 AM

Read More
Solar Industries India bags order worth Rs 483 crore
8th Oct 2025, 17:11 PM

The order is for supply of Bulk Explosives
Read More

Solar Industries India Ltd.

Explosives

BSE: 532725 | NSE: SOLARINDS

Stock Summary

Chart

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

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Consolidated Figures in Rs. Crores /

Annual Results

Consolidated Figures in Rs. Crores /

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Cash Flow

Consolidated Figures in Rs. Crores /

Financial Ratios

Consolidated /

Top Investors:

Annual Reports:

News Update:

Solar Industries India Ltd.

Explosives

BSE: 532725 | NSE: SOLARINDS

Stock Summary

Shareholding Pattern

Chart

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

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Consolidated Figures in Rs. Crores /

Annual Results

Consolidated Figures in Rs. Crores /

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Cash Flow

Consolidated Figures in Rs. Crores /

Financial Ratios

Consolidated /

Top Investors:

Annual Reports:

News Update: