Solar Industries India Limited, Fundamental analysis

Solar Industries India Limited - Technical chart

consolidated in Rs/Cr.

Industry Industry name	Aerospace & Defence
Variance Full Year Net Profit Variance	39
Equity Latest Equity	18.1
Face Value Latest Face Value	2
Reserves Total Reserve	6259.1
Dividend Full Year Dividend %	550
Sales Turnover Full Year Net Sales	9837.74
Net Profit Full Year Net Profit	1746.87
Full Year CPS Full Year Cash Per Share	220.8
Earning Per Share Full Year Earning Per Share	193
Quarter CPS Latest quarter Cash Per Share	0
Latest Quarter Date Latest Quarter Yrc	Mar 1, 2026
Latest Quarter Sales Latest Quarter Net Sales	3052.75
Previous EPS Previous earnings per share	0
Book Value Book value	693.7
Networth Full Year Return on Networth	32.49
Price/Book Value Price to Book value	26.652732
Yearly PE ratio Full Year Price to Earning per share	95.8
Yearly PC ratio Full Year Price to Cash Per Share	83.7
Bse value BSE Value in lakhs	553.23
Nse value NSE Value in lakhs	14010.88
High 52 week high	19161
Low 52 week low	11641
Price NSE Current market price	18494
CPM Current market price	18489

Market cap BSE / NSE Market Cap	167308.42
Net profit Latest Quarter Net Profit	547.63
Net profit variance Latest Quarter Net Profit variance	70
Result year Trailing latest month	Mar 1, 2026
TTM Sales Trailing Twelve 12 month Net Sales	6440.48
TTM OP Trailing Twelve 12 month Operating Profit	1.11
TTM OPM Trailing Twelve 12 month Operating Profit Margin	0.02
TTM GP Trailing Twelve 12 month Gross Profit	2616.09
TTM GPM Trailing Twelve 12 month Gross Profit Margin	26.59
TTM NP Trailing Twelve 12 month Net Profit	1010.72
TTM NPV Trailing Twelve 12 month Net Profit Variane	38.83
TTM EPS Trailing Twelve 12 month EPS	193.05
TTM PE Trailing Twelve 12 month PE	95.77
TTM CPS Trailing Twelve 12 month CPS	0
Month CPS Month Cash Per Share	0
TTM Depreciation Trailing Twelve 12 month Depreciation	159.2
Equity Latest Equity	18.1
LTP Latest Price (BSE/NSE)	18489
Gross block Latest Gross Block	4979.98
Loans Total loans	263.33
Advances Latest Advances for Banks	0
Net profit asset Latest Assets	0
Year OPM Full Year Operating Profit Margin	27.6
Year GPM Full Year Gross Profit Margin	27.5
Quarter OPM Latest quater Operation Profit Margin	27.1

Quarterly Results (consolidated, figures in Rs Cr.)

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
+ Sales	1,685	1,716	1,973	2,167	2,154	2,082	2,548	3,053
YOY Sales Growth %	0%	27%	38%	35%	28%	21%	29%	41%
Gross Sales	1,685	1,716	1,973	2,167	2,154	2,082	2,548	3,053
+ Expenses	1,235	1,271	1,447	1,629	1,620	1,530	1,840	2,227
Material Cost %	51%	43%	46%	40%	47%	47%	45%	50%
Raw Material Cost	814	682	912	927	995	936	1,116	1,435
Change in Inventory	40	51	-13	-52	23	43	34	78
Manufacturing Cost %	14%	17%	12%	13%	16%	15%	15%	15%
Employee Cost %	8%	8%	8%	8%	9%	9%	8%	8%
Other Cost %	1%	6%	8%	13%	4%	2%	4%	0%
Raw Materials %	48%	40%	46%	43%	46%	45%	44%	47%
Purchase of Finished Goods %	6%	12%	7%	9%	6%	6%	6%	5%
Stock Adjustments %	-2%	-3%	1%	2%	-1%	-2%	-1%	-3%
Other Manufacturing Expenses %	14%	17%	12%	13%	16%	15%	15%	15%
Operating Profit	449	445	527	537	535	552	708	826
OPM %	27%	26%	27%	25%	25%	27%	28%	27%
+ Other Income	26	36	11	7	29	29	25	46
Miscellaneous Income	26	36	11	7	29	29	25	46
Interest	27	30	31	29	27	31	34	41
Depreciation	40	44	47	50	56	61	63	71
Profit before tax	408	407	459	464	481	490	636	759
+ Tax %	26%	25%	26%	25%	27%	26%	27%	27%
Current Tax	108	105	116	98	121	123	164	204
Deferred Tax	0	-2	6	21	7	5	5	-1
+ Net Profit	301	304	338	346	353	361	467	556
Minority Interest (After Tax)	-14	-18	-23	-24	-14	-16	-20	-8
Net Profit After Minority Interest	286	286	315	322	339	345	446	548
EPS in Rs	31.66	31.59	34.80	35.61	37.43	38.12	49.31	60.52

Profit & Loss (consolidated, figures in Rs Cr.)

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
+ Sales	1,711	1,951	2,462	2,237	2,516	3,948	6,923	6,070	7,540	9,838
Sales Growth %		14%	26%	-9%	12%	57%	75%	-12%	24%	30%
Gross Sales	1,449	1,881	2,462	2,237	2,516	3,948	6,923	6,070	7,540	9,838
Excise Duty	131	35	0	0	0	0	0	0	0	0
+ Expenses	1,387	1,540	1,966	1,803	2,001	3,200	5,634	4,700	5,580	7,216
Material Cost %	53%	55%	57%	54%	54%	59%	63%	53%	53%	50%
Raw Material Cost	924	1,101	1,391	1,257	1,384	2,367	4,380	3,113	4,005	5,072
Change in Inventory	-17	-37	10	-42	-38	-40	-37	84	-26	-178
Manufacturing Cost %	3%	3%	3%	3%	3%	2%	2%	2%	3%	3%
Employee Cost %	6%	7%	7%	9%	9%	7%	5%	7%	7%	8%
Other Cost %	19%	15%	13%	15%	14%	13%	12%	16%	11%	13%
Raw Materials %	54%	56%	57%	56%	55%	60%	63%	51%	53%	52%
Purchase of Finished Goods %	1%	2%	6%	7%	8%	6%	9%	7%	8%	6%
Stock Adjustments %	1%	2%	-0%	2%	1%	1%	1%	-1%	0%	2%
Power & Fuel %	1%	1%	1%	1%	1%	1%	1%	1%	1%	1%
Other Manufacturing Expenses %	2%	2%	2%	2%	1%	1%	1%	1%	1%	2%
Selling & Administration %	8%	10%	10%	11%	11%	10%	8%	10%	10%	11%
Miscellaneous Expenses %	4%	3%	4%	3%	4%	3%	4%	6%	2%	2%
Operating Profit	324	412	496	434	515	747	1,289	1,369	1,960	2,622
OPM %	19%	21%	20%	19%	20%	19%	19%	23%	26%	27%
+ Other Income	13	12	15	41	21	20	32	45	76	128
Miscellaneous Income	16	12	17	41	21	20	32	47	79	129
Interest	27	33	50	55	45	50	90	109	117	134
Depreciation	39	51	59	85	94	109	128	143	182	251
Profit before tax	271	340	402	336	397	607	1,102	1,161	1,739	2,365
+ Tax %	28%	31%	31%	17%	27%	25%	26%	25%	26%	27%
Current Tax	70	88	125	95	126	164	314	306	427	612
Deferred Tax	6	18	0	-38	-17	-12	-24	-20	24	17
+ Net Profit	195	234	277	279	288	455	811	875	1,288	1,737
Profit Growth %		20%	18%	1%	3%	58%	78%	8%	47%	35%
Extraordinary Income / Expense	0	0	-6	0	0	0	0	0	0	0
Exceptional Item	0	0	-6	0	0	0	0	0	0	0
Minority Interest (After Tax)	-8	-13	-15	-11	-12	-14	-54	-39	-78	-59
Net Profit After Minority Interest	187	221	262	267	276	441	757	836	1,209	1,678
EPS in Rs	21.11	25.81	30.59	30.79	31.83	50.33	89.63	96.71	142.31	191.89

Balance Sheet (consolidated, figures in Rs Cr.)

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	18	18	18	18	18	18	18	18	31	18
Reserves	910	1,066	1,220	1,362	1,561	1,896	2,592	3,288	4,395	6,259
+ Borrowings	501	518	603	708	808	888	1,195	1,138	962	1,524
Secured Borrowings	347	427	426	543	786	673	1,009	969	846	1,261
Unsecured Borrowings	154	90	177	165	21	215	186	168	116	263
Deferred Credit	0	33	0	34	28	25	0	0	0	0
+ Other Liabilities	292	387	411	393	572	827	1,104	1,134	2,754	2,931
Current Liabilities	282	374	420	409	611	835	1,107	1,201	1,799	2,071
Provisions	4	18	12	12	29	33	77	34	77	61
Minority Interest	40	47	48	52	63	101	140	122	160	272
Other liability items	0	1	1	11	2	1	3	3	974	791
Total Liabilities	1,722	1,988	2,253	2,481	2,959	3,629	4,909	5,577	8,142	10,733
+ Fixed Assets	777	923	1,043	1,209	1,288	1,493	1,702	2,028	2,729	4,006
Gross Block	840	1,038	1,214	1,461	1,618	1,924	2,210	2,609	3,482	4,980
Accumulated Depreciation	63	115	171	252	330	431	508	581	754	974
CWIP	91	107	178	165	293	230	282	490	707	731
Investments	53	17	33	2	1	18	99	370	676	183
+ Other Assets	801	940	1,000	1,105	1,378	1,888	2,826	2,690	4,030	5,813
Inventories	181	232	283	331	440	719	1,098	847	1,040	1,742
Trade receivables	319	364	399	370	455	541	825	845	1,239	1,858
Cash Equivalents	39	69	92	120	181	99	260	287	725	584
Loans n Advances	173	174	216	241	251	411	445	649	769	1,056
Other asset items	88	101	11	43	49	118	198	62	257	573
Total Assets	1,722	1,988	2,253	2,481	2,959	3,629	4,909	5,577	8,142	10,733

Cash Flow (consolidated, figures in Rs Cr.)

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
+ Cash from Operating Activity	118	254	314	325	357	298	656	1,406	2,468	621
Profit from Operations	288	444	545	466	566	770	1,438	1,525	2,056	2,861
Working Capital Changes	-112	-100	-101	-33	-105	-312	-527	180	814	-1,577
Profit Before Tax & Extraordinary Items	271	340	402	336	397	607	1,102	1,161	1,733	2,365
Depreciation	39	51	59	85	94	109	128	143	182	251
Interest (Net)	27	33	50	55	45	50	90	107	117	134
Dividend Received	-7	-4	-4	-4	-3	-13	-16	-29	-26	-30
Profit / Loss on Sale of Assets	0	0	1	0	-1	5	1	-1	0	-1
Profit / Loss on Sale of Investments	-5	-3	0	0	0	0	48	112	65	95
Provisions & Write-offs (Net)	10	19	13	18	37	-4	63	33	-12	28
Profit / Loss in Forex	-46	9	12	-22	-4	16	24	8	6	38
Receivables	-57	-60	-46	33	-119	-73	-323	-51	-317	-634
Inventories	-21	-51	-50	-48	-112	-279	-389	262	-188	-701
Trade Payables	-18	38	10	-8	132	178	24	56	299	21
Direct Taxes Paid	-59	-89	-129	-108	-104	-160	-254	-300	-403	-662
+ Cash from Investing Activity	-170	-174	-254	-260	-253	-338	-614	-1,022	-1,660	-951
Purchase of Fixed Assets	-174	-224	-252	-239	-265	-287	-479	-560	-1,006	-1,739
Sale of Fixed Assets	0	2	2	1	4	7	6	11	5	46
Purchase of Investments	-9	0	-14	0	0	-18	-46	-187	-284	0
Sale of Investments	0	39	0	31	1	0	0	0	0	548
Interest Received	0	0	0	0	0	0	0	9	7	20
Dividend Received	7	3	4	3	1	1	6	0	0	0
Acquisition of Companies	0	0	0	-1	-11	-2	0	0	-208	-37
Others	6	6	6	-55	16	-39	-101	-295	-174	211
+ Cash from Financing Activity	53	-53	-52	-34	-26	-45	118	-370	-476	209
Proceeds from Other Long-Term Borrowings	101	162	187	262	343	198	409	340	116	796
Proceeds from Short-Term Borrowings	53	0	83	44	0	43	95	0	2	62
Repayment of Long-Term Borrowings	-56	-114	-195	-210	-99	-175	-225	-304	-357	-369
Repayment of Short-Term Borrowings	0	-32	0	0	-163	0	0	-191	0	0
Repayment of Financial Liabilities	0	0	0	-5	-4	-5	-6	-7	-18	-19
Dividend Paid	-18	-31	-73	-76	-54	-54	-68	-72	-101	-114
Interest Paid	-20	-28	-53	-57	-49	-52	-87	-131	-118	-147
Others	-7	-11	-2	7	0	0	0	-4	0	0
Net Cash Flow	0	27	9	32	77	-85	160	14	331	-121