WEBSITE BSE:532725 NSE: SOLAR IND Inc. Year: 1995 Industry: Chemicals My Bucket: Add Stock
Last updated: 15:59
Solar Industries India Ltd is an explosives manufacturing agency. The Company manufactures, supplies and exports business explosives and starting up structures. It manufactures numerous explosives products, along with Slurry and emulsion base explosives, bulk explosives, detonators, pentaerythritol tetranitrate (PETN) and accessories. The Company's merchandise consist of Large Dia slurry Explosives, Small Dia Emulsion, Small Dia Slurry Explosives, Solar Detonators, Supreme Detonators, Supreme Electric Detonators, Economic Sod, Eco Det, Cord Rel...Read More
Solar Industries India Ltd is an explosives manufacturing agency. The Company manufactures, supplies and exports business explosives and starting up structures. It manufactures numerous explosives products, along with Slurry and emulsion base explosives, bulk explosives, detonators, pentaerythritol tetranitrate (PETN) and accessories. The Company's merchandise consist of Large Dia slurry Explosives, Small Dia Emulsion, Small Dia Slurry Explosives, Solar Detonators, Supreme Detonators, Supreme Electric Detonators, Economic Sod, Eco Det, Cord Relay, Cast Booster and Detonating Fuse. Its merchandise are used across mining and infrastructure sectors. It additionally offers high melting explosive (HMX) and HMX Compounded products to the defense zone. The Company has 25 manufacturing plant in 8 states of India and 3 in overseas places. The Company gives its merchandise to 42 international locations throughout the globe. The Company has manufacturing centers at Zambia, Nigeria and Turkey. ...Read Less
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Market Cap ₹136540 Cr.
Stock P/E 106
P/B 24.5
Current Price ₹15089
Book Value ₹ 616.9
Face Value 2
52W High ₹17805
Dividend Yield 0.07%
52W Low ₹ 11641.1
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1347 | 1429 | 1611 | 1685 | 1716 | 1973 | 2167 | 2154 | 2082 | 2548 |
| Other Income | 8 | 11 | 18 | 24 | 30 | 10 | 7 | 29 | 29 | 25 |
| Total Income | 1355 | 1440 | 1628 | 1709 | 1746 | 1983 | 2173 | 2184 | 2111 | 2573 |
| Total Expenditure | 1011 | 1073 | 1257 | 1235 | 1271 | 1447 | 1627 | 1620 | 1529 | 1840 |
| Operating Profit | 344 | 367 | 371 | 474 | 475 | 536 | 546 | 564 | 582 | 733 |
| Interest | 25 | 28 | 32 | 27 | 30 | 31 | 29 | 27 | 31 | 34 |
| Depreciation | 34 | 39 | 37 | 40 | 44 | 47 | 50 | 56 | 61 | 63 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 285 | 300 | 303 | 406 | 402 | 458 | 467 | 481 | 490 | 636 |
| Provision for Tax | 76 | 77 | 63 | 108 | 103 | 122 | 118 | 128 | 128 | 169 |
| Profit After Tax | 210 | 223 | 240 | 298 | 299 | 337 | 349 | 353 | 362 | 467 |
| Adjustments | -10 | -20 | -5 | -12 | -13 | -22 | -26 | -14 | -17 | -20 |
| Profit After Adjustments | 200 | 203 | 235 | 286 | 286 | 315 | 322 | 339 | 345 | 446 |
| Adjusted Earnings Per Share | 22.1 | 22.5 | 26 | 31.7 | 31.6 | 34.8 | 35.6 | 37.4 | 38.1 | 49.3 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1352 | 1449 | 1580 | 1916 | 2462 | 2237 | 2516 | 3948 | 6923 | 6070 | 7540 | 8951 |
| Other Income | 8 | 15 | 13 | 23 | 15 | 41 | 21 | 32 | 32 | 44 | 89 | 90 |
| Total Income | 1360 | 1463 | 1593 | 1939 | 2476 | 2278 | 2537 | 3980 | 6954 | 6114 | 7629 | 9041 |
| Total Expenditure | 1098 | 1146 | 1256 | 1515 | 1960 | 1803 | 2001 | 3213 | 5634 | 4700 | 5598 | 6616 |
| Operating Profit | 262 | 318 | 337 | 424 | 517 | 475 | 536 | 767 | 1320 | 1414 | 2031 | 2425 |
| Interest | 18 | 20 | 27 | 33 | 50 | 55 | 45 | 50 | 90 | 109 | 117 | 121 |
| Depreciation | 31 | 33 | 39 | 51 | 59 | 85 | 94 | 109 | 128 | 143 | 182 | 230 |
| Exceptional Income / Expenses | -10 | 0 | 0 | 0 | -6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 203 | 264 | 271 | 340 | 402 | 336 | 397 | 607 | 1102 | 1161 | 1739 | 2074 |
| Provision for Tax | 46 | 87 | 77 | 106 | 125 | 57 | 109 | 152 | 290 | 286 | 451 | 543 |
| Profit After Tax | 156 | 178 | 195 | 234 | 277 | 279 | 288 | 455 | 811 | 875 | 1288 | 1531 |
| Adjustments | -9 | -14 | -8 | -13 | -15 | -11 | -12 | -14 | -54 | -39 | -78 | -77 |
| Profit After Adjustments | 147 | 164 | 187 | 221 | 262 | 267 | 276 | 441 | 757 | 836 | 1209 | 1452 |
| Adjusted Earnings Per Share | 16.3 | 18.1 | 20.6 | 24.4 | 28.9 | 29.6 | 30.5 | 48.8 | 83.7 | 92.4 | 133.6 | 160.4 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 24% | 24% | 28% | 19% |
| Operating Profit CAGR | 44% | 38% | 34% | 23% |
| PAT CAGR | 47% | 41% | 36% | 24% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 23% | 58% | 64% | 36% |
| ROE Average | 33% | 33% | 29% | 25% |
| ROCE Average | 38% | 35% | 30% | 26% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 776 | 805 | 929 | 1084 | 1238 | 1380 | 1579 | 1914 | 2610 | 3306 | 4386 |
| Minority's Interest | 47 | 48 | 40 | 47 | 48 | 52 | 63 | 101 | 140 | 122 | 150 |
| Borrowings | 156 | 135 | 148 | 196 | 152 | 253 | 433 | 436 | 473 | 584 | 394 |
| Other Non-Current Liabilities | 46 | 76 | 78 | 95 | 91 | 64 | 65 | 61 | 53 | 65 | 1061 |
| Total Current Liabilities | 365 | 448 | 527 | 566 | 724 | 732 | 819 | 1118 | 1632 | 1501 | 2114 |
| Total Liabilities | 1389 | 1512 | 1722 | 1988 | 2253 | 2481 | 2959 | 3629 | 4909 | 5577 | 8106 |
| Fixed Assets | 585 | 703 | 777 | 923 | 1043 | 1209 | 1288 | 1493 | 1702 | 2028 | 2692 |
| Other Non-Current Assets | 194 | 160 | 213 | 246 | 248 | 289 | 446 | 473 | 706 | 901 | 1287 |
| Total Current Assets | 610 | 649 | 732 | 817 | 962 | 984 | 1226 | 1661 | 2501 | 2648 | 4123 |
| Total Assets | 1389 | 1512 | 1722 | 1988 | 2253 | 2481 | 2959 | 3629 | 4909 | 5577 | 8106 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 133 | 15 | 25 | 26 | 52 | 61 | 93 | 170 | 85 | 245 | 259 |
| Cash Flow from Operating Activities | 230 | 243 | 118 | 254 | 314 | 325 | 357 | 298 | 656 | 1406 | 2468 |
| Cash Flow from Investing Activities | -149 | -141 | -170 | -174 | -202 | -212 | -251 | -303 | -519 | -727 | -1593 |
| Cash Flow from Financing Activities | -177 | -92 | 53 | -53 | -52 | -34 | -26 | -45 | 118 | -370 | -476 |
| Net Cash Inflow / Outflow | -96 | 11 | 0 | 27 | 60 | 79 | 80 | -51 | 256 | 308 | 398 |
| Closing Cash & Cash Equivalent | 37 | 25 | 26 | 52 | 61 | 93 | 170 | 85 | 245 | 259 | 590 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 16.29 | 18.08 | 20.61 | 24.37 | 28.91 | 29.55 | 30.54 | 48.76 | 83.67 | 92.37 | 133.64 |
| CEPS(Rs) | 20.75 | 23.24 | 25.8 | 31.48 | 37.09 | 40.13 | 42.17 | 62.4 | 103.8 | 112.55 | 162.37 |
| DPS(Rs) | 3.4 | 4.5 | 5 | 6 | 7 | 6 | 6 | 7.5 | 8 | 8.5 | 10 |
| Book NAV/Share(Rs) | 85.67 | 89 | 102.61 | 119.76 | 136.83 | 152.5 | 174.52 | 211.52 | 288.44 | 365.26 | 484.68 |
| Core EBITDA Margin(%) | 17.36 | 19.23 | 18.93 | 20.42 | 20.08 | 19.07 | 20.18 | 18.43 | 18.62 | 22.56 | 25.76 |
| EBIT Margin(%) | 15.07 | 18.09 | 17.43 | 18.97 | 18.07 | 17.16 | 17.35 | 16.51 | 17.22 | 20.93 | 24.6 |
| Pre Tax Margin(%) | 13.85 | 16.79 | 15.86 | 17.3 | 16.08 | 14.75 | 15.57 | 15.24 | 15.91 | 19.13 | 23.06 |
| PAT Margin (%) | 10.69 | 11.28 | 11.38 | 11.9 | 11.07 | 12.24 | 11.3 | 11.43 | 11.72 | 14.42 | 17.08 |
| Cash Profit Margin (%) | 12.84 | 13.36 | 13.64 | 14.51 | 13.43 | 15.95 | 14.97 | 14.17 | 13.57 | 16.78 | 19.49 |
| ROA(%) | 11.4 | 12.24 | 12.04 | 12.59 | 13.05 | 11.77 | 10.59 | 13.83 | 19 | 16.69 | 18.83 |
| ROE(%) | 21.82 | 22.46 | 22.46 | 23.21 | 23.84 | 21.29 | 19.47 | 26.07 | 35.86 | 29.59 | 33.49 |
| ROCE(%) | 19.28 | 24.24 | 22.67 | 24.57 | 26.23 | 19.88 | 19.87 | 25.56 | 36.33 | 31.02 | 38.11 |
| Receivable days | 46.99 | 53.6 | 62.93 | 63.47 | 55.68 | 61.65 | 59.1 | 45.64 | 36.02 | 50.22 | 50.43 |
| Inventory Days | 39.64 | 37.65 | 36.36 | 38.44 | 37.61 | 49.18 | 55.21 | 53.1 | 47.9 | 58.48 | 45.67 |
| Payable days | 25.41 | 35.51 | 39.7 | 39.92 | 39.94 | 46.37 | 51.02 | 38.93 | 25.49 | 37.92 | 38.09 |
| PER(x) | 41.66 | 38.4 | 37.77 | 44.03 | 37.23 | 30.79 | 41.86 | 57.5 | 44.41 | 95.12 | 84.12 |
| Price/Book(x) | 7.92 | 7.8 | 7.59 | 8.96 | 7.87 | 5.97 | 7.32 | 13.25 | 12.88 | 24.05 | 23.2 |
| Dividend Yield(%) | 0.5 | 0.65 | 0.64 | 0.56 | 0.65 | 0.66 | 0.47 | 0.27 | 0.22 | 0.1 | 0.09 |
| EV/Net Sales(x) | 4.79 | 4.59 | 4.75 | 5.3 | 4.17 | 3.94 | 4.84 | 6.62 | 4.99 | 13.24 | 13.52 |
| EV/Core EBITDA(x) | 24.72 | 20.93 | 22.27 | 23.98 | 19.85 | 18.56 | 22.71 | 34.09 | 26.16 | 56.82 | 50.2 |
| Net Sales Growth(%) | 19.32 | 7.15 | 9.07 | 21.27 | 28.47 | -9.11 | 12.44 | 56.92 | 75.36 | -12.32 | 24.23 |
| EBIT Growth(%) | 19.5 | 29.12 | 4.81 | 24.8 | 21.31 | -13.48 | 13.22 | 48.63 | 81.24 | 6.6 | 46.01 |
| PAT Growth(%) | 20.72 | 13.53 | 9.71 | 19.96 | 18.5 | 0.68 | 3.37 | 58.11 | 78.1 | 7.9 | 47.15 |
| EPS Growth(%) | 24.44 | 11.02 | 13.98 | 18.23 | 18.62 | 2.22 | 3.34 | 59.68 | 71.59 | 10.4 | 44.68 |
| Debt/Equity(x) | 0.48 | 0.49 | 0.54 | 0.48 | 0.49 | 0.51 | 0.5 | 0.45 | 0.45 | 0.33 | 0.21 |
| Current Ratio(x) | 1.67 | 1.45 | 1.39 | 1.44 | 1.33 | 1.34 | 1.5 | 1.49 | 1.53 | 1.76 | 1.95 |
| Quick Ratio(x) | 1.22 | 1.09 | 1.05 | 1.03 | 0.94 | 0.89 | 0.96 | 0.84 | 0.86 | 1.2 | 1.46 |
| Interest Cover(x) | 12.35 | 13.93 | 11.1 | 11.38 | 9.06 | 7.1 | 9.75 | 13.09 | 13.19 | 11.62 | 15.92 |
| Total Debt/Mcap(x) | 0.06 | 0.06 | 0.07 | 0.05 | 0.06 | 0.09 | 0.07 | 0.03 | 0.03 | 0.01 | 0.01 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 73.15 | 73.15 | 73.15 | 73.15 | 73.15 | 73.15 | 73.15 | 73.15 | 73.15 | 73.15 |
| FII | 5.9 | 6.1 | 7.57 | 7.53 | 7.23 | 5.82 | 6.79 | 7.11 | 6.74 | 6.6 |
| DII | 15.06 | 14.52 | 12.73 | 12.68 | 12.78 | 14.1 | 13.58 | 12.89 | 12.9 | 12.9 |
| Public | 5.89 | 6.23 | 6.55 | 6.65 | 6.84 | 6.93 | 6.48 | 6.86 | 7.21 | 7.35 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 6.62 | 6.62 | 6.62 | 6.62 | 6.62 | 6.62 | 6.62 | 6.62 | 6.62 | 6.62 |
| FII | 0.53 | 0.55 | 0.68 | 0.68 | 0.65 | 0.53 | 0.61 | 0.64 | 0.61 | 0.6 |
| DII | 1.36 | 1.31 | 1.15 | 1.15 | 1.16 | 1.28 | 1.23 | 1.17 | 1.17 | 1.17 |
| Public | 0.53 | 0.56 | 0.59 | 0.6 | 0.62 | 0.63 | 0.59 | 0.62 | 0.65 | 0.67 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9.05 | 9.05 | 9.05 | 9.05 | 9.05 | 9.05 | 9.05 | 9.05 | 9.05 | 9.05 |
* The pros and cons are machine generated.
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