Solar Industries India Ltd.

NSE: SOLARINDS BSE: 532725 SECTOR: Chemicals  46k   360   23

2756.65
-7.90 (-0.29%)
NSE: 24 Jun 03:54 PM

Price Summary

Today's High

₹ 2774.95

Today's Low

₹ 2736.95

52 Week High

₹ 3189.95

52 Week Low

₹ 1550

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

24944.94 Cr.

Enterprise Value

25022.71 Cr.

No. of Shares

9.05 Cr.

P/E

95.38

P/B

18.27

Face Value

₹ 2

Div. Yield

0.27 %

Book Value (TTM)

₹  150.91

CASH

47.63 Cr.

DEBT

125.4 Cr.

Promoter Holding

73.15 %

EPS (TTM)

₹  28.9

Sales Growth

4.82%

ROE

17.36 %

ROCE

21.35%

Profit Growth

-11.4 %

* 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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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.
* 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

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* 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 Year59.58%
3 Year14.98%
5 Year17.33%

Profit Growth

1 Year38.32%
3 Year10.95%
5 Year14.55%

ROE%

1 Year20.74%
3 Year20.16%
5 Year20.54%

ROCE %

1 Year25.83%
3 Year23.72%
5 Year25.16%

Debt/Equity

0.1132

Price to Cash Flow

168.81

Interest Cover Ratio

39.8374233128834

CFO/PAT (5 Yr. Avg.)

0.970491879458166

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2022 73.15 0
Dec 2021 73.15 0
Sep 2021 73.15 0
Jun 2021 73.15 0
Mar 2021 73.15 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company has been maintaining healthy ROE of 20.1611622606085% over the past 3 years.
  • Company has been maintaining healthy ROCE of 23.7200982115805% over the past 3 years.
  • Company has a healthy Interest coverage ratio of 39.8374233128834.
  • The company has an efficient Cash Conversion Cycle of 44.7103386443907 days.
  • Company has a healthy liquidity position with current ratio of 2.0103259769184.
  • The company has a high promoter holding of 73.15%.

 Limitations

  • The company has shown a poor revenue growth of 7.55933513907538% for the Past 3 years.
  • Company has contingent liabilities of 620.25 Cr.
  • The company is trading at a high PE of 95.38.
  • The company is trading at a high EV/EBITDA of 60.8379.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
Net Sales 546.04 533.07 435.06 643.83 916.38
Total Expenditure 446.11 437.25 383.24 559.92 772.78
Operating Profit 99.93 95.82 51.82 83.91 143.6
Other Income 5.39 9.98 4.82 6.83 14.54
Interest 1.37 1.11 1.73 2.71 3.3
Depreciation 9.75 10.34 11.86 12.29 14.95
Exceptional Items 0 0 0 0 0
Profit Before Tax 94.2 94.35 43.05 75.74 139.89
Tax 24.35 24.17 11.04 18.75 37.54
Profit After Tax 69.85 70.18 32.01 56.99 102.35
Adjusted EPS (Rs) 7.72 7.75 3.54 6.3 11.31

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

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 1273.27 1663.22 1511.54 1584.4 2528.34
Total Expenditure 1046.05 1350.05 1248.32 1312.32 2168.56
Operating Profit 227.22 313.17 263.22 272.08 359.78
Other Income 18.52 21.22 35.35 25.64 51.53
Interest 14.23 11.92 12.17 6.52 8.85
Depreciation 26.09 28.93 33.96 37.98 49.44
Exceptional Items 0 -6.05 0 0 0
Profit Before Tax 205.42 287.49 252.44 253.22 353.02
Tax 71.16 96.02 39.04 64.15 91.5
Net Profit 134.26 191.47 213.4 189.07 261.52
Adjusted EPS (Rs.) 14.84 21.16 23.58 20.89 28.9

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 18.1 18.1 18.1 18.1 18.1
Total Reserves 741.11 866.95 1003.28 1138.71 1347.49
Borrowings 75.22 36.89 63.45 74.65 118.56
Other N/C liabilities 81.74 91 72.59 72.65 86.23
Current liabilities 184.66 279.27 227.04 296.34 438.7
Total Liabilities 1100.83 1292.21 1384.46 1600.45 2009.08
Assets
Net Block 420.18 470.35 544.8 557.76 706.19
Capital WIP 34.56 72.98 30.43 127.4 40.78
Intangible WIP 0 0.9 1.91 2.29 0.13
Investments 57.67 62.1 129.85 128.53 145.79
Loans & Advances 179.81 190.31 163.64 130.43 277.02
Other N/C Assets 22 8.61 16.68 58.3 86.66
Current Assets 386.61 486.96 497.15 595.74 752.51
Total Assets 1100.83 1292.21 1384.46 1600.45 2009.08
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 205.42 287.49 252.44 253.22 353.02
Adjustment 31.55 53.44 25.52 41.06 16.06
Changes in Assets & Liabilities 34.58 -44.16 -17.55 -82.08 -2.18
Tax Paid -58.8 -87 -65.48 -64.43 -72.89
Operating Cash Flow 212.75 209.77 194.93 147.77 294.01
Investing Cash Flow -78.26 -129.22 -9.93 -99.33 -280.21
Financing Cash Flow -138.64 -64.65 -142.08 -65.95 -36.02
Net Cash Flow -4.15 15.9 42.92 -17.51 -22.22

Corporate Actions

Investors Details

PARTICULARS Mar 2021% Jun 2021% Sep 2021% Dec 2021% Mar 2022%
Promoters 73.15 73.15 73.15 73.15 73.15
manish satyanaraya... 18.41 4.93 4.93 4.93 4.93
kailashchandra nan... 19.60 19.60 19.60 19.60 19.60
satyanarayan nandl... 22.48 22.48 - 22.48 22.48
satyanarayan nandl... - - 22.48 - -
indira kailashchan... - - 6.15 - -
indra kailashchand... 6.15 6.15 - 6.15 6.15
leeladevi satyanar... - 5.61 5.61 5.61 5.61
sohandevi nandlal ... - 5.14 5.14 5.14 5.14
kailashchandra nuw... 2.77 2.77 - 2.77 2.77
kailashchandra nuw... - - 2.77 - -
satyanarayan n nuw... - 2.73 - 2.73 2.73
satyanarayan nuwal... - - 2.73 - -
nandlalji bodulalj... 2.33 2.33 - 2.33 2.33
nandlalji bodulalj... - - 2.33 - -
seema manish nuwal 1.37 1.37 1.37 1.37 1.37
rahul kailashchand... 0.03 0.03 0.03 0.03 0.03
PARTICULARS Mar 2021% Jun 2021% Sep 2021% Dec 2021% Mar 2022%
Investors 26.85 26.85 26.85 26.85 26.85
hdfc trustee compa... - 7.09 7.38 7.32 7.12
sbi equity hybrid ... 4.67 4.67 - - 4.67
hdfc trustee compa... 7.01 - - - -
hdfc trustee compa... - - - - -
kotak emerging equ... - - - - -
sbi magnum balance... - - 4.67 4.67 -
kotak standard mul... 3.03 2.88 - - 2.79
hdfc trustee compa... - - - - -
kotak select focus... - - 2.43 2.69 -
dsp midcap fund 1.83 - - - -
icici prudential l... 2.11 2.24 2.08 2.04 2.21
dsp blackrock midc... - 1.83 - 1.83 2.04
dsp blackrock micr... - - 1.88 - -
fidelity eerging e... - - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Solar Industries India plans to make strategic investment in Rajasthan Explosives and Chemicals7 Jun 2022, 11:39AM Solar Industries India informs about outcome of board meeting6 Jun 2022, 3:57PM Solar Industries India informs about trading window closure6 Jun 2022, 11:05AM Solar Industries India informs about annual secretarial compliance report9 May 2022, 11:50AM Solar Industries India, subsidiary bag orders worth Rs 1563 crore6 May 2022, 10:30AM Solar Industries India informs about receipt of orders6 May 2022, 10:11AM Solar Industries - Quaterly Results3 May 2022, 1:23PM Solar Industries - Quaterly Results3 May 2022, 1:23PM Solar Industries India informs about analyst meet 30 Apr 2022, 12:28PM Solar Industries India informs about credit ratings19 Mar 2022, 3:22PM Solar Industries India informs about closure of trading window29 Dec 2021, 4:40PM Solar Industries India informs about disclosure7 Dec 2021, 2:09PM Solar Industries India informs about credit rating1 Dec 2021, 4:21PM Solar Industries India informs about analyst meet23 Nov 2021, 4:20PM Solar Industries places commercial paper worth Rs 50 crore in favor of Axis Bank23 Nov 2021, 11:51AM Solar Industries India informs about credit rating16 Nov 2021, 4:46PM Solar Industries India informs about compliance certificate13 Oct 2021, 1:19PM Solar Industries secures orders worth Rs 1471 crore 11 Oct 2021, 10:25AM Solar Industries India informs about transcription of conference call3 Aug 2021, 1:26PM Solar Industries India informs about business updates11 Jun 2021, 2:26PM Solar Industries India informs about conference call26 May 2021, 9:28AM Solar Industries redeems Commercial paper of Rs 50 crore23 Mar 2021, 4:55PM Solar Industries India informs about disclosure27 Feb 2021, 12:43PM Solar Industries India informs about issuance of listing of CP23 Dec 2020, 4:33PM Solar Industires India informs about credit rating23 Dec 2020, 3:07PM Solar Industries India informs about credit rating16 Dec 2020, 2:14PM Solar Industries receives orders from SCCL9 Oct 2020, 10:55AM Solar Industries (India) informs about issuance and listing of CP23 Sep 2020, 3:49PM Solar Industries raises Rs 50 crore through Commercial Paper23 Sep 2020, 3:29PM Solar Industries’ arm resumes manufacturing operations at Sawanga plant10 Jun 2020, 2:11PM Solar Industries partially restarts manufacturing operations6 Apr 2020, 3:19PM Solar Industries India informs about partial resumption of manufacturing operations6 Apr 2020, 3:11PM

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 95.3844929481945 which is high and comparatively 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 12.6683886616347 % which is a bad 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 2.0103259769184 .

  • 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 17.3602853745541 % .(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 0.1084 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 13.0387194996502 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 4.82024954681981 % which is poor 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 17.1724312042414 %.

  • 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 6 and the yield is 0.2726 %.

Brief about Solar Industries

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