Solar Industries India Limited

Solar Industries India Limited (SOLARINDS) financial statements and selected valuation metrics from NSE/BSE exchange filings through 30 June 2026.

Commodities›Chemicals›Chemicals & Petrochemicals›Explosives

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Key metrics

Price as of 2026-09-02

Stock price
₹20600.00
Market cap
1,86,417 Cr
Stock P/E
86.5
P/B
28.46
Dividend yield
0.1%

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Share price

NSE closing price from historical market data.

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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales1,347 Cr1,429 Cr1,611 Cr1,695 Cr1,716 Cr1,973 Cr2,167 Cr2,154 Cr2,082 Cr2,548 Cr3,053 Cr3,668 Cr
Operating expenses (approx.)1,011 Cr1,073 Cr1,257 Cr1,245 Cr1,271 Cr1,447 Cr1,627 Cr1,620 Cr1,529 Cr1,840 Cr2,227 Cr2,653 Cr
EBITDA336 Cr356 Cr354 Cr449 Cr445 Cr527 Cr540 Cr535 Cr553 Cr708 Cr826 Cr1,015 Cr
OPM %24.9%24.9%22.0%26.5%25.9%26.7%24.9%24.8%26.5%27.8%27.1%27.7%
Other income8 Cr11 Cr18 Cr24 Cr30 Cr10 Cr7 Cr29 Cr29 Cr25 Cr44 Cr9 Cr
Interest25 Cr28 Cr32 Cr27 Cr30 Cr31 Cr29 Cr27 Cr31 Cr34 Cr41 Cr41 Cr
Depreciation34 Cr39 Cr37 Cr40 Cr44 Cr47 Cr50 Cr56 Cr61 Cr63 Cr71 Cr80 Cr
Profit before tax285 Cr299 Cr305 Cr408 Cr407 Cr459 Cr464 Cr481 Cr490 Cr636 Cr759 Cr911 Cr
Tax %26.5%25.8%20.5%26.4%25.4%26.5%25.5%26.7%26.1%26.6%26.7%26.9%
Net profit209 Cr222 Cr243 Cr301 Cr304 Cr338 Cr346 Cr353 Cr362 Cr467 Cr556 Cr666 Cr
EPS (₹)₹22.12₹22.47₹25.98₹31.66₹31.59₹0.00₹35.61₹37.43₹38.12₹49.31₹60.52₹72.11

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019Mar 2020BSE balance sheet (this exchange's own filing had none for this period)Mar 2021BSE balance sheet (this exchange's own filing had none for this period)Mar 2022BSE balance sheet (this exchange's own filing had none for this period)Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,462 Cr2,237 Cr2,516 Cr3,948 Cr6,923 Cr6,070 Cr7,540 Cr9,838 CrSign in for TTM
Operating expenses (approx.)1,960 Cr1,803 Cr2,001 Cr3,200 Cr5,634 Cr4,700 Cr5,580 Cr7,216 CrSign in for TTM
EBITDA502 Cr434 Cr515 Cr747 Cr1,289 Cr1,369 Cr1,960 Cr2,622 CrSign in for TTM
OPM %20.4%19.4%20.5%18.9%18.6%22.6%26.0%26.7%Sign in for TTM
Other income15 Cr41 Cr21 Cr20 Cr32 Cr44 Cr71 Cr128 CrSign in for TTM
Interest50 Cr55 Cr45 Cr50 Cr90 Cr109 Cr117 Cr134 CrSign in for TTM
Depreciation59 Cr85 Cr94 Cr109 Cr128 Cr143 Cr182 Cr251 CrSign in for TTM
Profit before tax402 Cr336 Cr397 Cr607 Cr1,102 Cr1,161 Cr1,739 Cr2,365 CrSign in for TTM
Tax %31.1%17.0%27.5%25.0%26.4%24.6%25.9%26.6%Sign in for TTM
Net profit277 Cr279 Cr288 Cr455 Cr811 Cr875 Cr1,288 Cr1,737 CrSign in for TTM
EPS (₹)₹28.91₹5.52₹30.54₹48.77₹83.68₹92.38₹133.65₹185.39Sign in for TTM
Dividend payout %———11.9%8.4%8.8%6.0%6.6%Sign in for TTM
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Trailing twelve months totals and margin rows

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019Mar 2020BSE balance sheet (this exchange's own filing had none for this period)Mar 2021BSE balance sheet (this exchange's own filing had none for this period)Mar 2022BSE balance sheet (this exchange's own filing had none for this period)Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital18 Cr18 Cr18 Cr18 Cr18 Cr18 Cr18 Cr18 Cr
Reserves1,220 Cr1,362 Cr1,561 Cr1,896 Cr2,592 Cr3,288 Cr4,368 Cr6,259 Cr
Borrowings469 Cr610 Cr627 Cr866 Cr1,169 Cr1,105 Cr940 Cr1,468 Cr
Other liabilities528 Cr491 Cr760 Cr843 Cr1,116 Cr1,205 Cr2,785 Cr2,902 Cr
Total liabilities2,282 Cr2,532 Cr3,030 Cr3,724 Cr5,036 Cr5,737 Cr8,261 Cr10,919 Cr
Fixed assets (net)1,005 Cr1,147 Cr1,216 Cr1,416 Cr1,614 Cr1,919 Cr2,470 Cr3,716 Cr
CWIP166 Cr152 Cr282 Cr221 Cr279 Cr487 Cr703 Cr692 Cr
Investments33 Cr2 Cr0.97 Cr18 Cr99 Cr370 Cr676 Cr183 Cr
Loans & advances2 Cr6 Cr4 Cr8 Cr12 Cr3 Cr2 Cr4 Cr
Inventories283 Cr331 Cr440 Cr719 Cr1,098 Cr847 Cr1,040 Cr1,742 Cr
Trade receivables399 Cr370 Cr455 Cr541 Cr825 Cr845 Cr1,239 Cr1,858 Cr
Cash & bank61 Cr93 Cr170 Cr85 Cr245 Cr260 Cr590 Cr469 Cr
Other assets333 Cr431 Cr460 Cr716 Cr864 Cr1,006 Cr1,541 Cr2,255 Cr
Total assets2,282 Cr2,532 Cr3,030 Cr3,724 Cr5,036 Cr5,737 Cr8,261 Cr10,919 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019Mar 2020BSE balance sheet (this exchange's own filing had none for this period)Mar 2021BSE balance sheet (this exchange's own filing had none for this period)Mar 2022BSE balance sheet (this exchange's own filing had none for this period)Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity———298 Cr656 Cr1,406 Cr2,468 Cr621 Cr
Cash from investing———-303 Cr-519 Cr-726 Cr-1,593 Cr-1,164 Cr
Cash from financing———-45 Cr118 Cr-370 Cr-476 Cr209 Cr
Net cash flow———-85 Cr160 Cr15 Cr398 Cr-121 Cr
Free cash flow (OCF − Capex)———10 Cr177 Cr846 Cr1,462 Cr-1,118 Cr

Ratios

Ratios as reported or derived per annual period.

MetricMar 2019Mar 2020BSE balance sheet (this exchange's own filing had none for this period)Mar 2021BSE balance sheet (this exchange's own filing had none for this period)Mar 2022BSE balance sheet (this exchange's own filing had none for this period)Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %25.7%28.3%28.0%34.4%30.4%28.0%33.9%31.2%
ROE %20.3%19.4%17.5%23.1%27.5%0.0%26.7%25.6%
Debtor days5960665043516069
Inventory days82109135127105114112141
Days payable4751888247745351
Cash conversion cycle941191139510190119158
Debt / equity0.380.000.400.450.450.330.210.23
Current ratio1.341.341.501.491.531.771.952.06
Net debt / EBITDA0.810.000.000.000.720.620.180.38

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