Nifty

:

25077.65

Sensex

:

81790.12

183.40 (0.74%)
582.95 (0.72%)

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Nifty
Sensex

:
:

25077.65
81790.12

183.40 (0.74%)
582.95 (0.72%)

Solar Industries India Ltd.

Explosives

Rating :

78/99

BSE: 532725 | NSE: SOLARINDS

Watchlist

NSE BSE

14140.00

06-Oct-2025

Open
High
Low
Previous Close

13980
14190
13830
13853.00

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

137175
1928969189
17820
8482.5

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

1,27,984.61
99.31
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

1,28,198.72
0.07%
26.44

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

49.95
62.59
80.07

P:BV (Average)

8 Years
5 Years
3 Years

14.05
17.49
21.97

EV:EBITDA (Average)

8 Years
5 Years
3 Years

34.16
41.28
48.42

Earnings Forecasts:

(Updated: 04-10-2025)

Description 2024 2025 2026 2027
Adj EPS 133.65 188.31 246.73 294.21
P/E Ratio 103.65 73.56 56.15 47.09
Revenue 7540.26 10137.9 12978.8 15717.6
EBITDA 1960.36 2647.61 3450.2 4210.8
Net Income 1209.44 1702.46 2231.36 2698.9
ROA 17.28 22.05 23.51 23.9
P/B Ratio 28.58 21.04 15.43 12.04
ROE 31.45 32.18 31.15 28.11
FCFF 1468.83
FCFF Yield 1.16
Net Debt -279.5 793.77 698.13 805.2
BVPS 484.73 658.33 897.74 1150.17

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var%
Net Sales 1,387.15 1,044.59 32.79% 1,299.28 1,001.67 29.71% 1,207.24 902.25 33.80% 905.49 830.34 9.05%
Expenses 1,011.61 786.45 28.63% 981.00 751.43 30.55% 917.67 710.35 29.19% 674.37 631.15 6.85%
EBITDA 375.54 258.14 45.48% 318.28 250.24 27.19% 289.57 191.90 50.90% 231.12 199.19 16.03%
EBIDTM 27.07% 24.71% 24.50% 24.98% 23.99% 21.27% 25.52% 23.99%
Other Income 29.67 25.78 15.09% 14.53 13.18 10.24% 11.80 17.68 -33.26% 31.64 13.56 133.33%
Interest 6.74 6.24 8.01% 8.08 7.88 2.54% 7.88 7.73 1.94% 6.73 6.33 6.32%
Depreciation 23.13 16.93 36.62% 20.75 16.20 28.09% 19.10 16.13 18.41% 17.86 15.72 13.61%
PBT 375.34 260.75 43.95% 303.98 239.34 27.01% 274.39 185.72 47.74% 238.17 190.70 24.89%
Tax 95.82 66.55 43.98% 76.95 59.95 28.36% 69.97 47.40 47.62% 60.71 49.52 22.60%
PAT 279.52 194.20 43.93% 227.03 179.39 26.56% 204.42 138.32 47.79% 177.46 141.18 25.70%
PATM 20.15% 18.59% 17.47% 17.91% 16.93% 15.33% 19.60% 17.00%
EPS 30.89 21.46 43.94% 25.09 19.82 26.59% 22.59 15.28 47.84% 19.61 15.60 25.71%

Description Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var%
Net Sales 2,154.45 1,694.78 27.12% 2,166.55 1,610.71 34.51% 1,973.08 1,429.14 38.06% 1,715.83 1,347.46 27.34%
Expenses 1,619.60 1,245.40 30.05% 1,626.88 1,257.01 29.42% 1,446.54 1,072.90 34.83% 1,271.06 1,011.31 25.68%
EBITDA 534.85 449.38 19.02% 539.67 353.70 52.58% 526.54 356.24 47.80% 444.77 336.15 32.31%
EBIDTM 24.83% 26.52% 24.91% 21.96% 26.69% 24.93% 25.92% 24.95%
Other Income 29.26 24.29 20.46% 6.55 17.65 -62.89% 9.54 10.91 -12.56% 30.45 7.72 294.43%
Interest 27.43 27.47 -0.15% 28.78 31.52 -8.69% 30.51 28.29 7.85% 29.74 24.89 19.49%
Depreciation 55.98 39.98 40.02% 50.49 37.01 36.42% 47.42 38.60 22.85% 43.61 33.67 29.52%
PBT 480.70 406.22 18.33% 466.95 302.82 54.20% 458.15 300.26 52.58% 401.87 285.31 40.85%
Tax 128.14 107.75 18.92% 118.26 62.67 88.70% 121.61 76.99 57.96% 103.19 75.54 36.60%
PAT 352.56 298.47 18.12% 348.69 240.15 45.20% 336.54 223.27 50.73% 298.68 209.77 42.38%
PATM 16.36% 17.61% 16.09% 14.91% 17.06% 15.62% 17.41% 15.57%
EPS 37.43 31.65 18.26% 35.61 25.97 37.12% 34.79 22.47 54.83% 31.59 22.11 42.88%

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 4,799.16 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 27.00% 19.88% -10.68% 64.62% 59.58% 4.82% -9.12% 30.63% 11.95% 11.90% Cost Of Goods Sold 2,715.23 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 2,083.93 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 43.42% 42.11% 38.09% 27.81% 29.51% 35.41% 36.46% 35.33% 35.45% 33.77% 31.17% Total Expenditure 3,584.65 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 1,214.51 1,097.11 834.66 621.47 359.78 272.08 263.22 313.17 227.22 216.84 182.40 EBITDA Margin 25.31% 24.62% 22.45% 14.93% 14.23% 17.17% 17.41% 18.83% 17.85% 19.07% 17.95% Other Income 87.64 83.75 58.34 63.20 51.53 25.64 35.35 21.22 18.52 13.38 15.66 Interest 29.43 28.93 29.58 27.57 8.85 6.52 12.17 11.92 14.23 13.79 7.66 Depreciation 80.84 74.64 63.37 57.02 49.44 37.98 33.96 28.93 26.09 19.28 17.72 PBT 1,191.88 1,077.29 800.05 600.08 353.02 253.22 252.44 293.54 205.42 197.15 172.68 Tax 303.45 274.18 203.75 154.69 91.50 64.15 39.04 96.02 71.16 64.57 63.82 Tax Rate 25.46% 25.45% 25.47% 25.78% 25.92% 25.33% 15.47% 33.40% 34.64% 32.75% 36.96% PAT 888.43 803.11 596.30 445.39 261.52 189.07 213.40 191.47 134.26 132.58 108.86 PAT before Minority Interest 888.43 803.11 596.30 445.39 261.52 189.07 213.40 191.47 134.26 132.58 108.86 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 18.51% 18.02% 16.04% 10.70% 10.34% 11.93% 14.12% 11.51% 10.54% 11.66% 10.71% PAT Growth 36.03% 34.68% 33.88% 70.31% 38.32% -11.40% 11.45% 42.61% 1.27% 21.79% EPS 98.17 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 8,009.91 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 31.70% 24.23% -12.32% 75.36% 56.92% 12.44% -9.11% 28.47% 21.27% 9.07% Cost Of Goods Sold 4,131.51 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 3,878.40 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 48.42% 48.18% 47.34% 37.27% 41.04% 46.46% 45.69% 43.09% 44.49% 42.58% 39.46% Total Expenditure 5,964.08 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 2,045.83 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 25.54% 25.76% 22.56% 18.62% 18.61% 20.46% 19.41% 20.39% 20.92% 20.50% 20.89% Other Income 75.80 89.06 44.47 31.52 32.36 21.42 41.05 14.72 22.83 13.21 14.87 Interest 116.46 116.50 109.37 90.38 50.25 45.39 55.04 49.87 32.72 26.89 20.44 Depreciation 197.50 181.50 143.38 128.21 109.25 93.53 84.53 58.89 51.29 38.74 32.82 PBT 1,807.67 1,733.19 1,160.93 1,101.85 607.42 397.10 335.80 407.90 339.64 271.47 264.24 Tax 471.20 450.81 286.05 290.41 151.95 109.03 57.13 125.05 106.05 76.74 86.74 Tax Rate 26.07% 26.01% 24.64% 26.36% 25.02% 27.46% 17.01% 31.12% 31.22% 28.27% 32.83% PAT 1,336.47 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 1,258.14 1,287.93 875.23 811.17 455.47 288.07 278.67 276.80 233.59 194.73 177.50 Minority Interest -78.33 -78.49 -39.30 -53.98 -14.19 -11.72 -11.24 -15.19 -13.04 -8.19 -13.84 PAT Margin 16.69% 16.04% 13.77% 10.94% 11.18% 10.99% 11.95% 10.63% 11.51% 11.81% 11.30% PAT Growth 37.55% 44.68% 10.40% 71.59% 59.68% 3.34% 2.22% 18.62% 18.23% 13.98% EPS 147.68 133.64 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. 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

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

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