Solar Industries
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Solar Industries share price

Solar Industries India Ltd.

NSE: SOLARINDS BSE: 532725 SECTOR: Chemicals  132k   676   69

8650.85
+133.35 (1.57%)
NSE: Today, 03:14 PM

Price Summary

Today's High

₹ 8837.6

Today's Low

₹ 8498.6

52 Week High

₹ 9449

52 Week Low

₹ 3453.35

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 78281.59 Cr.

Enterprise Value

₹ 78641.56 Cr.

No. of Shares

9.05 Cr.

P/E

136.15

P/B

37.07

Face Value

₹ 2

Div. Yield

0.09 %

Book Value (TTM)

₹  233.39

CASH

₹ 60.95 Cr.

DEBT

₹ 420.92 Cr.

Promoter Holding

73.15 %

EPS (TTM)

₹  63.54

Sales Growth

64.62%

ROE

28.43 %

ROCE

33.85%

Profit Growth

70.31 %

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* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Index Presence

The company is present in 19 Indices.

NMID150Q50

NIFTY Midcap150 Quality 50
20672.05078125
  27.1507812499985 (0.1315132611444%)

NIFTY500

Nifty 500
20656.25
  81.4000000000015 (0.395628643708235%)

NIFTYMIDCAP150

Nifty Midcap 150
18424.80078125
  190.500781250001 (1.04473865873655%)

NIFTYMIDSMALL400

Nifty MidSmallcap 400
17417.80078125
  176.900781249999 (1.02605305552494%)

NY500MUL50:25:25

Nifty500 Multicap 50:25:25
14318.2998046875
  85.9998046875007 (0.604257953299903%)

NIFTYLGEMID250

NIFTY LargeMidcap 250
14240
  86.8999999999996 (0.613999759769945%)

NIFTYMFG

Nifty Manufacturing
12613.0498046875
  0.399804687500364 (0.00316987062591867%)

NIFTYTOTALMCAP

Nifty Total Market index
11614.0498046875
  47.9498046874996 (0.414571935981001%)

NIFTYINDEFENCE

Nifty India Defence Index
5153.74
  35.2299999999996 (0.688286239550173%)

MIDCAP

S&P Bse Mid Cap
40586.17
  211.32 (0.52339513335653%)

BSE500

S&P Bse 500
32595.28
  105.399999999998 (0.324408708188506%)

MID150

S&P Bse 150 MidCap
13789.32
  92.5699999999997 (0.675853760928691%)

MSL400

S&P Bse 400 MidSmallCap
10573.62
  82.6200000000008 (0.787532170431815%)

BSE200

S&P Bse 200
10200.72
  21.4200000000001 (0.210427043116912%)

LMI250

S&P Bse 250 LargeMidCap
9670.85
  24.7900000000009 (0.256996120695918%)

ALLCAP

S&P Bse Allcap
9514.89
  35.4099999999999 (0.373543696489675%)

BASMTR

S&P Bse Basic Materials
6979.73
  37.5699999999997 (0.541186028555951%)

S&P LARGEMIDCAP

S&P Bse Large MidCap
9596.93
  88.6100000000006 (0.931920675787112%)

S&P MIDSMLCAP

S&P Bse MidSmallCap
11534.18
  125.800000000001 (1.10269819203077%)

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year64.62%
3 Year40.16%
5 Year26.73%

Profit Growth

1 Year70.31%
3 Year27.8%
5 Year27.1%

ROE%

1 Year28.43%
3 Year22.18%
5 Year22.44%

ROCE %

1 Year33.85%
3 Year27.01%
5 Year27.09%

Debt/Equity

0.2382

Price to Cash Flow

589.83

Interest Cover Ratio

22.765687341313

CFO/PAT (5 Yr. Avg.)

0.752738593996233

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 73.15 0.55
Dec 2023 73.15 0
Sep 2023 73.15 0
Jun 2023 73.15 0
Mar 2023 73.15 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 27.795437455678% for the Past 3 years.
  • The company has shown a good revenue growth of 40.1634265759197% for the Past 3 years.
  • Company has been maintaining healthy ROE of 22.1759677266408% over the past 3 years.
  • Company has been maintaining healthy ROCE of 27.009220027555% over the past 3 years.
  • Company has a healthy Interest coverage ratio of 22.765687341313.
  • The company has an efficient Cash Conversion Cycle of 44.5494536719019 days.
  • The company has a high promoter holding of 73.15%.

 Limitations

  • Promoter pledging has increased from 0% to 0.55% in 1 quarter.
  • Company has contingent liabilities of 817.51 Cr.
  • The company is trading at a high PE of 136.15.
  • The company is trading at a high EV/EBITDA of 89.4786.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 1058.69 1253.46 983.26 830.34 902.25
Total Expenditure 903.21 1015.75 789.93 631.15 710.35
Operating Profit 155.48 237.71 193.33 199.19 191.9
Other Income 22.34 3.18 13.92 13.56 17.68
Interest 9.11 11.63 7.64 6.33 7.73
Depreciation 14.41 14.73 15.32 15.72 16.13
Exceptional Items 0 0 0 0 0
Profit Before Tax 154.3 214.53 184.29 190.7 185.72
Tax 38.74 56.47 46.88 49.52 47.4
Profit After Tax 115.56 158.06 137.41 141.18 138.32
Adjusted EPS (Rs) 12.77 17.47 15.18 15.6 15.28

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 1663.22 1511.54 1584.4 2528.34 4162.25
Total Expenditure 1350.05 1248.32 1312.32 2168.56 3540.78
Operating Profit 313.17 263.22 272.08 359.78 621.47
Other Income 21.22 35.35 25.64 51.53 63.2
Interest 11.92 12.17 6.52 8.85 27.57
Depreciation 28.93 33.96 37.98 49.44 57.02
Exceptional Items -6.05 0 0 0 0
Profit Before Tax 287.49 252.44 253.22 353.02 600.08
Tax 96.02 39.04 64.15 91.5 154.69
Net Profit 191.47 213.4 189.07 261.52 445.39
Adjusted EPS (Rs.) 21.16 23.58 20.89 28.9 49.21

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 18.1 18.1 18.1 18.1 18.1
Total Reserves 866.95 1003.28 1138.71 1347.49 1749.35
Borrowings 36.89 63.45 74.65 118.56 182.47
Other N/C liabilities 91 72.59 72.65 86.23 108.13
Current liabilities 279.27 227.04 296.34 438.7 711.12
Total Liabilities 1292.21 1384.46 1600.45 2009.08 2769.17
Assets
Net Block 470.35 544.8 557.76 706.19 779.3
Capital WIP 72.98 30.43 127.4 40.78 76.04
Intangible WIP 0.9 1.91 2.29 0.13 2.37
Investments 62.1 129.85 128.53 145.79 206.41
Loans & Advances 190.31 163.64 130.43 277.02 332.51
Other N/C Assets 9.14 16.68 58.3 89.57 95.9
Current Assets 486.43 497.15 595.74 749.6 1276.64
Total Assets 1292.21 1384.46 1600.45 2009.08 2769.17
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 287.49 252.44 253.22 353.02 600.08
Adjustment 53.44 25.52 41.06 16.06 33.47
Changes in Assets & Liabilities -44.16 -17.55 -82.08 -2.18 -361.18
Tax Paid -87 -65.48 -64.43 -72.89 -139.65
Operating Cash Flow 209.77 194.93 147.77 294.01 132.72
Investing Cash Flow -129.22 -9.93 -99.33 -280.21 -270.73
Financing Cash Flow -64.65 -142.08 -65.95 -36.02 173.04
Net Cash Flow 15.9 42.92 -17.51 -22.22 35.03

Corporate Actions

Investors Details

PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
promoters 73.15 73.15 73.15 73.15 73.15
indira kailashchandra nuw... 6.15 6.15 6.15 6.15 6.15
kailash chandra nuwal 23.08 23.08 23.08 23.08 23.08
manish satyanarayan nuwal... 38.93 38.93 38.93 38.93 38.93
rahul nuwal 0.03 0.03 0.03 0.03 0.03
satyanarayan nandlalji nu... 3.58 3.58 3.58 3.58 3.58
seema manish nuwal 1.37 1.37 1.37 1.37 1.37
PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
investors 26.85 26.85 26.85 26.85 26.85
hdfc mutual fund- hdfc mi... - - - - 1.83
kotak emergency equity sc... - - - - 4.45
llp - 0.02 0.02 0.02 0.02
sbi equity hybrid fund - - 6.22 6.10 5.58
hdfc mutual fund - hdfc m... - - 1.99 1.90 -
kotak emerging equity sch... 4.51 4.64 4.66 4.47 -
hdfc trustee company ltd ... 1.65 1.65 - - -
sbi focused equity fund 7.05 6.38 - - -
fidelityemerging markets ... 1.42 - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Solar Industries India informs about receipt of order 11 Mar 2024, 5:16PM Solar Industries receives export order worth Rs 455 crore11 Mar 2024, 3:56PM Solar Industries India informs about newspaper publication8 Feb 2024, 5:17PM Solar Industries - Quaterly Results7 Feb 2024, 2:24PM Solar Industries - Quaterly Results7 Feb 2024, 2:24PM Solar Industries - Quaterly Results7 Feb 2024, 2:24PM Solar Industries India bags export orders worth Rs 994 crore8 Jan 2024, 2:45PM Solar Industries India informs about conference call6 Nov 2023, 2:17PM Solar Industries - Quaterly Results2 Nov 2023, 12:00PM Solar Industries - Quaterly Results2 Nov 2023, 12:00PM Solar Industries - Quaterly Results2 Nov 2023, 12:00PM Solar Industries bags orders worth Rs 1853 crore7 Oct 2023, 3:59PM Solar Industries India informs about earnings call transcript8 Aug 2023, 1:12PM Solar Industries - Quaterly Results3 Aug 2023, 2:20PM Solar Industries - Quaterly Results3 Aug 2023, 2:20PM Solar Industries - Quaterly Results3 Aug 2023, 2:20PM Solar Industries India informs about conference call29 Jul 2023, 11:02AM Solar Industries India informs about annual secretarial compliance report9 May 2023, 5:11PM Solar Industries India informs about transcript of conference call8 May 2023, 2:14PM Solar Industries India informs about book closure6 May 2023, 3:04PM Solar Industries India informs about presentation 3 May 2023, 5:10PM Solar Industries - Quaterly Results3 May 2023, 2:58PM Solar Industries - Quaterly Results3 May 2023, 2:58PM Solar Industries - Quaterly Results3 May 2023, 2:58PM Solar Industries India informs about updates 24 Apr 2023, 12:27PM Solar Industries’ arm signs contract for supply of Loiterinq Munition with Ministry of Defense21 Apr 2023, 12:13PM Solar Industries India's arm to make investment in Rajasthan Explosives and Chemicals11 Apr 2023, 5:39PM Solar Industries India informs about compliance certificate4 Apr 2023, 11:48AM Solar Industries India informs about transcript of conference call28 Jan 2023, 10:27AM Solar Industries India informs about newspaper clippings 27 Jan 2023, 5:25PM Solar Industries - Quaterly Results25 Jan 2023, 2:05PM Solar Industries - Quaterly Results25 Jan 2023, 2:05PM Solar Industries - Quaterly Results25 Jan 2023, 2:05PM Solar Industries India informs about submission of voting results and scrutinisers report 16 Jan 2023, 5:03PM Solar Industries India informs about trading window closure31 Dec 2022, 3:31PM Solar Industries India informs about outcome of committee meeting23 Dec 2022, 12:22PM Solar Industries planning to raise Rs 60 crore through NCDs20 Dec 2022, 10:10AM Solar Industries India informs about analyst meet 19 Dec 2022, 11:34AM Solar Industries India informs about press release14 Dec 2022, 4:34PM Solar Industries India informs about disclosure of related party transactions16 Nov 2022, 1:13PM Solar Industries India informs about analyst meet 8 Nov 2022, 3:48PM Solar Industries - Quaterly Results4 Nov 2022, 2:14PM Solar Industries - Quaterly Results4 Nov 2022, 2:14PM Solar Industries - Quaterly Results4 Nov 2022, 2:14PM Solar Industries India informs about resignation of director 20 Oct 2022, 2:58PM Solar Industries India informs about for issuance and listing of commercial paper19 Oct 2022, 4:33PM Solar Industries - Quaterly Results25 Jul 2022, 2:19PM Solar Industries - Quaterly Results25 Jul 2022, 2:19PM Solar Industries - Quaterly Results25 Jul 2022, 2:19PM Solar Industries India informs about conference call23 Jul 2022, 12:32PM

Solar Industries Stock Price Analysis and Quick Research Report. Is Solar Industries an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a LOW P/E are undervalued (it depends on other factors too). Solar Industries has a PE ratio of 138.17131363748 which is high and comparatively overvalued .

  • Share Price: - The current share price of Solar Industries is Rs 8779.35. One can use valuation calculators of ticker to know if Solar Industries share price is undervalued or overvalued.

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Solar Industries has ROA of 18.6423899963376 % which is a good sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Solar Industries has a Current ratio of 1.79525255934301 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Solar Industries has a ROE of 28.4318106375916 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Solar Industries has a D/E ratio of 0.2382 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Solar Industries has an Inventory turnover ratio of 11.5292129932418 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Solar Industries has reported revenue growth of 64.6238243274243 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Solar Industries for the current financial year is 14.9311069733918 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Solar Industries is Rs 8 and the yield is 0.0939 %.

Last Updated on:
Brief about Solar Industries

Solar Industries India Ltd. Financials: Check Share Price, Balance Sheet, Annual Report and Quarterly Results for Company Analysis

Welcome to our comprehensive stock analysis page for Solar Industries India Ltd., where long-term investors can find valuable insights and resources to make informed investment decisions. In this article, we will explore various aspects of Solar Industries India Ltd.'s stock analysis, including share price, balance sheet, annual report, dividend, quarterly result, stock price, price chart, news, concall, transcripts, investor presentations, promoters, and shareholders.

Solar Industries India Ltd. Share Price Analysis

Analyzing share prices is crucial for long-term investors to gain insights into a company's growth potential and future outlook. At our platform, we provide access to Solar Industries India Ltd.'s historical share price data through our pre-built screening tools. By tracking the trends over different time periods, investors can identify patterns and evaluate the stock's valuation based on key financial metrics. This enables investors to make well-informed decisions about investing in Solar Industries India Ltd.

Solar Industries India Ltd. Balance Sheet Evaluation

Understanding a company's financial health and stability is an essential aspect of stock analysis for long-term investors. Our platform offers pre-built screening tools that allow investors to assess Solar Industries India Ltd.'s balance sheet. By analyzing crucial financial metrics such as the Debt-to-Equity ratio and Liquidity ratio, investors can make informed judgments about the company's financial stability, growth potential, and viability. These insights assist investors in formulating their investment strategies.

Solar Industries India Ltd. Annual Report Analysis

Solar Industries India Ltd.'s annual reports provide a comprehensive overview of the company's performance and growth potential. At our platform, we provide downloadable PDF files of Solar Industries India Ltd.'s annual reports, complemented by expert reviews and analysis. These reports offer valuable insights into the company's business strategy, competitive landscape, and management outlook. Combined with our pre-built screening tools, investors can gain a deep understanding of Solar Industries India Ltd.'s growth potential and other factors that impact its stock price.

Solar Industries India Ltd. Dividend Analysis

Assessing a company's dividend payments is equally crucial for long-term investors. Our stock analysis page provides easy access to Solar Industries India Ltd.'s dividend history. By analyzing the company's profitability and growth potential, investors can calculate essential dividend metrics such as the payout ratio and dividend yield. These metrics offer insights into the company's approach to distributing profits to shareholders, helping investors make informed decisions about their investment in Solar Industries India Ltd.

Solar Industries India Ltd. Quarterly Results Review

Understanding a company's short-term performance is essential for long-term investors. At our platform, we provide downloadable PDF files of Solar Industries India Ltd.'s quarterly results, allowing investors to evaluate the company's recent performance and identify trends. This information, combined with our pre-built screening tools, enables investors to make informed decisions about buying or selling Solar Industries India Ltd.'s stock based on its quarterly financial performance.

Solar Industries India Ltd. Stock Price Trends

Being aware of stock price trends is crucial for long-term investors to gain insights into a company's growth potential and viability. Our pre-built screening tools enable investors to track Solar Industries India Ltd.'s stock price trends, helping them identify both short-term and long-term patterns. By analyzing these trends, investors can adjust their investment strategies and make informed decisions about Solar Industries India Ltd.'s stock.

Solar Industries India Ltd. Price Chart Analysis

Technical analysis is another tool that long-term investors can utilize to understand Solar Industries India Ltd.'s stock. At our platform, we provide dynamic price charts that display historical price movements, technical indicators, and patterns. These charts help investors identify potential entry and exit points, support and resistance levels, and trend reversals. By leveraging these insights, investors can make informed investment decisions based on Solar Industries India Ltd.'s price chart analysis.

Solar Industries India Ltd. News Updates

Staying updated on the latest developments and news regarding Solar Industries India Ltd. is essential for long-term investors. Our website provides comprehensive and timely information about the company sourced from reliable news channels. By studying these articles and news updates, investors can gain insights into Solar Industries India Ltd.'s trends, market position, and future outlook. This information assists investors in making informed decisions about their long-term investments in Solar Industries India Ltd.'s stock.

Solar Industries India Ltd. Conference Calls

Solar Industries India Ltd.'s conference calls offer valuable insights into the company's operations, financial performance, and future plans. Our platform provides a searchable collection of Solar Industries India Ltd.'s conference calls and their recordings. Listening to these calls enables investors to gain a deeper understanding of the company's growth potential, strategies, and market outlook. This information empowers investors to make well-informed decisions about their long-term investments in Solar Industries India Ltd.'s stock.

Solar Industries India Ltd. Transcripts

Transcripts of conference calls provide a comprehensive record of important discussions and insights. At our website, we offer downloadable transcripts that capture in-depth analyses of Solar Industries India Ltd.'s operating results, financial performance, future plans, and market trends. Reviewing these transcripts offers valuable insights into the company's strategies, financial position, and long-term potential. This information empowers investors to make informed decisions about their long-term investments in Solar Industries India Ltd.'s stock.

Solar Industries India Ltd. Investor Presentations

Solar Industries India Ltd.'s investor presentations offer detailed information about the company's financial performance, strategic initiatives, and future plans. Our platform provides access to these investor presentations, enabling investors to gain insights beyond the numbers. In addition, we offer premium features such as DCF Analysis, BVPS Analysis, Earnings multiple approach, and DuPont Analysis. By utilizing these tools and studying the investor presentations, investors can conduct comprehensive stock analysis and make well-informed decisions.

Solar Industries India Ltd. Promoters and Shareholders

Assessing the ownership structure of Solar Industries India Ltd. provides insights into the company's strength, growth potential, and long-term viability. Our pre-built screening tools enable investors to assess promoter holdings and analyze the company's shareholder base. Understanding the stability and growth potential of the company's ownership structure is critical for making well-informed investment decisions. Our platform provides the necessary tools to analyze Solar Industries India Ltd.'s promoters and shareholders.

Solar Industries India Limited ROCE

ROCE stands for Return on Capital Employed. It is an important financial ratio used in measuring the profitability and efficiency of a company's capital investments. This ratio determines the ability of a company to generate profit from the capital employed. You can find the ROCE of Solar Industries India Limited on our stock analysis page in the financials table or ratio section.

Solar Industries India Limited EBITDA

EBITDA or Earnings before Interest, Taxes, Depreciation, and Amortization is a measure of company performance. EBITDA takes into account a company's profitability before the impacts of various accounting and financing decisions. You can access the EBITDA of Solar Industries India Limited on our stock analysis page in the financials table or ratio section.

Solar Industries India Limited DPS

DPS refers to Dividends per Share. This ratio calculates the amount of dividends a company pays out for each share. Dividends are the portion of a company's earnings that are distributed to shareholders as a return. You can easily find the DPS of Solar Industries India Limited on our stock analysis page in the financials table or ratio section.

Solar Industries India Limited EPS

EPS or Earnings per Share is a financial ratio that measures a company's profitability per share. It is calculated by dividing a company's net income by the total number of outstanding shares. The EPS ratio shows how much profit the shareholders of a company are earning on a per-share basis. You can find the EPS of Solar Industries India Limited on our stock analysis page in the financials table or ratio section.

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