5nance5nance
5nance5nance
HomeScreens
LOGINGET FREE ACCOUNT

Solar Industries India Ltd.

•
solargroup.comBSE: 532725NSE: SOLARINDS
Market Cap₹ 2,01,861 Cr.
Current Price
High / Low₹ 22,625 / 11,646
Stock P/E101.4
Book Value₹ 766
Price to Book17.40
Dividend Yield0.05 %
ROCE38.2 %
ROE32.5 %
Face Value₹ 2

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2014 • Explosives: 99.1% • Trading: 0.8% • Others: 0.1%

AI Sector View

AI GENERATED

Chemicals

Hold

The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.

Confidence
55%
View full sector analysis →

PROS

  • Company has delivered good profit growth of 43.2% CAGR over last 5 years
  • Company has a healthy return on capital (ROCE) of 35.7%
  • Company has a good return on equity (ROE) track record: 3 Years ROE 31.8%
  • Company has consistently been profitable over the last 5 years
  • Latest quarter profit grew 89.0% YoY, showing strong momentum
  • Company has delivered good sales growth of 31.4% CAGR over last 5 years

CONS

  • Receivables are growing faster than sales - a possible quality concern
  • Total debt has risen sharply - up 56.2% year on year
  • Stock is trading at 17.4x its book value
  • Though reporting repeated profits, the company pays out little dividend (5.9%)
  • Growth is decelerating - 3Y profit CAGR (28.9%) trails the 5Y trend (43.2%)
  • Expensive relative to growth - PEG of 3.5

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ChemicalsChemicalsChemicals
Part ofNIFTY NEXT 50NIFTY ALPHA 50NIFTY100 QUALTY30NIFTYLARGEMIDCAP250NIFTY100 EQL WGT
S.No.Name
1.SOLARINDS22307.50101.37201860.690.05666.3788.983668.2070.2638.1627.91
2.PIDILITIND1567.4560.23159547.551.378835.101202.8645515.501112.7432.3826.28
3.SRF2483.0034.0573602.280.36758.8775.535033.2634.6314.2124.57
4.FLUOROCHEM4771.7585.2352417.670.06219.0019.021588.0023.979.5826.83
5.NAVINFLUOR8541.1055.4943822.770.18243.31107.671045.0844.0721.3934.17
6.GODREJIND1127.0032.2937963.110.00523.36-27.855448.0922.1610.6412.82
7.AETHER1672.9594.4122204.700.0062.7533.45326.5627.4911.6531.47
8.DEEPAKNTR1587.1027.6421646.940.47345.01207.362577.6036.3911.5820.96
9.ATUL6244.5523.1118385.050.48253.9391.851847.9525.0315.0521.41
10.AARTIIND492.1533.6217851.590.20155.00260.472387.0042.426.9516.00
11.DEEPAKFERT1320.4517.0016725.200.76490.04100.953256.2622.4712.1225.96
12.BASF3665.1524.6715864.840.68360.29162.224824.2624.5715.2310.46
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
1,6821,3471,4291,6111,6851,7161,9732,1672,1542,0822,5483,0533,668
1,3591,0111,0731,2571,2351,2711,4471,6271,6201,5291,8402,2272,774
Operating Profit323336356354449445527540535553708826894
OPM %19.21%24.95%24.93%21.96%26.67%25.92%26.69%24.91%24.83%26.55%27.79%27.06%24.38%
8811182430107292925449
Interest25252832273031292731344141
Depreciation34343937404447505661637180
Profit before Tax273285300303406402458467481490636758911
Tax %26.00%26.48%25.64%20.70%26.53%25.68%26.54%25.33%26.66%26.11%26.63%26.79%26.89%
Net Profit0000301304338346353361467556666
21.8222.1222.4725.9831.6631.5934.8035.6137.4338.1249.3160.5272.11

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
1,5801,9162,4622,2372,5163,9486,9236,0707,5409,83811,351
1,2561,5151,9601,8032,0013,2135,6344,7005,5987,2168,370
Operating Profit3244015024345157351,2891,3691,9422,6222,981
OPM %20.50%20.92%20.39%19.41%20.46%18.61%18.62%22.56%25.76%26.65%26.26%
13239412132324489128107
Interest27335055455090109116134148
Depreciation3951598594109128143182251275
Profit before Tax2713404023363976071,1021,1611,7392,3652,796
Tax %28.27%31.22%31.12%17.01%27.46%25.02%26.36%24.63%25.93%26.58%26.67%
Net Profit1952342772792884558118751,2881,7372,050
EPS20.4924.3728.9129.5530.5448.7783.6892.37133.64185.36—
Dividend Payout %24.26%24.62%24.22%20.30%19.65%15.38%9.56%9.20%7.48%5.93%—

COMPOUNDED SALES GROWTH

10 Years:
21%
5 Years:
31%
3 Years:
12%

COMPOUNDED PROFIT GROWTH

10 Years:
26%
5 Years:
43%
3 Years:
30%

STOCK PRICE CAGR

10 Years:
43%
5 Years:
66%
3 Years:
70%
1 Year:
59%

RETURN ON EQUITY

10 Years:
27%
5 Years:
31%
3 Years:
32%
Last Year:
32%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2026

Jul 28

₹ 5.50

Rs.11.0000 per share(550%)Final Dividend

2025

Jul 8

₹ 5

Rs.10.0000 per share(500%)Final Dividend

2024

Jul 4

₹ 4.25

Rs.8.5000 per share(425%)Final Dividend

2023

Jun 9

₹ 4

Rs.8.0000 per share(400%)Final Dividend

2022

May 27

₹ 3.75

Rs.7.5000 per share(375%)Final Dividend

2021

Aug 18

₹ 3

Rs.6.0000 per share(300%)Final Dividend

2018

Jul 18

₹ 3

Rs.6.0000 per share(300%)Final Dividend

2017

Aug 9

₹ 1.50

Rs.3.0000 per share(150%)Final Dividend

2017

Feb 20

₹ 1

Interim Dividend

2016

Mar 16

₹ 1.35

Rs.13.5000 per share (135%) Second Interim Dividend

2015

Nov 9

₹ 0.90

Rs.9.0000 per share(90%)Interim Dividend

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital18181818181818181818
Minority Interest4047485263101140122160272
9101,0661,2201,3621,5611,8962,5923,2884,3956,259
5015186057178048841,1858381,6321,939
Trade Payables89143163154286465488553887917
1621951981782282664847591,0501,328
Total Liabilities1,7221,9882,2532,4812,9593,6294,9095,5778,14210,733
7779231,0431,2091,2881,4931,7022,0282,7294,006
Capital Work in Progress9197166152282221279487703692
531733211899370676183
1812322833314407191,0988471,0401,742
00000008451,2391,858
Cash & Bank39699212018199260287725584
5806496376677671,0801,4717131,0301,668
Total Assets1,7221,9882,2532,4812,9593,6294,9095,5778,14210,733

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
1773444434334614579111,4062,468621
Cash from Investing-170-174-202-212-251-303-519-727-1,593-1,164
Cash from Financing53-53-52-34-26-45118-370-476209
027607980-51256308398-334

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
73.1573.1573.1573.1573.1573.1573.1573.1573.15
7.567.537.235.826.797.116.746.596.39
12.7412.6812.7814.1013.5812.8912.9012.8913.36
Government0.000.000.000.000.000.000.000.000.00
6.556.656.846.926.486.857.217.357.10

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-04
Credit Rating

2026-09-04 - Solar Industries India Limited has informed the Exchange about Credit Rating

2026-09-03
News Verification

2026-09-03 - The Exchange has sought clarification from Solar Industries India Limited with respect to recent news item captioned Solar Industries likely to acquire big global firm in South Africa, reports CNBC-Awaaz; shares rise 4.5%. The response from the Company is attached.

2026-09-03
News Verification

2026-09-03 - The Exchange has sought clarification from Solar Industries India Limited with respect to recent news item captioned Solar Industries likely to acquire big global firm in South Africa, reports CNBC-Awaaz; shares rise 4.5%. The response from the Company is awaited.

2026-08-15
Copy of Newspaper Publication

2026-08-15 - Solar Industries India Limited has informed the Exchange about Copy of Newspaper Publication for the Unaudited Financial Results for the quarter ended on June 30, 2026

2026-08-13
Updates

2026-08-13 - Solar Industries India Limited has informed the Exchange regarding Presentation on Unaudited Financial Results for the quarter ended on June 30, 2026.

2026-08-13
Press Release

2026-08-13 - Solar Industries India Limited has informed the Exchange regarding a press release dated August 13, 2026, titled "Updates on the Unaudited Financial Result (Standalone & Consolidated) of the Company for the quarter ended on June 30, 2026.".

2026-08-13
Integrated Filing- Financial

2026-08-13 - The unaudited financial result (standalone & consolidated) of the Company for the quarter ended on June 30, 2026.

2026-08-13
Outcome of Board Meeting

2026-08-13 - Solar Industries India Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-08-12
Shareholders meeting

2026-08-12 - Solar Industries India Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 11, 2026. Further, the company has informed the Exchange regarding voting results.

News

Recent coverage and analyst commentary for SOLARINDS

Loading news…

🤖

AI Stock Analyst

Solar Industries India Ltd.

🔒

Sign in to Chat with AI

Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.

✨ Sign In to Chat

Free 5nance Account

5nance5nance

Stock analysis and screening tool

5nanceAI © 2020-2026

Made with ❤️ in India.

Data provided by Accord Fintech

Terms & Privacy.

Product

PremiumWhat's new?Learn

Team

About usSupport

Theme

5nance5nance

Product

PremiumWhat's new?Learn

Team

About usSupport

Theme

5nanceAI © 2020-2026

Data provided by Accord Fintech

Made with ❤️ in India.

HomeScreens
Login