Solar Industries India shares experienced a decline of 2.15% to Rs 13,986.00 in Thursday's trading session, with the stock featuring among the top losers on the Nifty Midcap 150 index. This decline reflects bearish investor sentiment, as indicated by a recent Moneycontrol analysis. At 10:50 am, the stock was trading lower compared to its previous close.
Financial Snapshot:
The following tables provide an overview of Solar Industries India's financial performance. The data is consolidated.
Income Statement (Quarterly)
| Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | |
|---|---|---|---|---|---|
| Sales | Rs 2,154 Crore | Rs 2,166 Crore | Rs 1,973 Crore | Rs 1,715 Crore | Rs 1,694 Crore |
| Other Income | Rs 29 Crore | Rs 6 Crore | Rs 9 Crore | Rs 30 Crore | Rs 24 Crore |
| Total Income | Rs 2,183 Crore | Rs 2,173 Crore | Rs 1,982 Crore | Rs 1,746 Crore | Rs 1,719 Crore |
| Total Expenditure | Rs 1,675 Crore | Rs 1,677 Crore | Rs 1,493 Crore | Rs 1,314 Crore | Rs 1,285 Crore |
| EBIT | Rs 508 Crore | Rs 495 Crore | Rs 488 Crore | Rs 431 Crore | Rs 433 Crore |
| Interest | Rs 27 Crore | Rs 28 Crore | Rs 30 Crore | Rs 29 Crore | Rs 27 Crore |
| Tax | Rs 128 Crore | Rs 118 Crore | Rs 121 Crore | Rs 103 Crore | Rs 107 Crore |
| Net Profit | Rs 352 Crore | Rs 348 Crore | Rs 336 Crore | Rs 298 Crore | Rs 298 Crore |
Income Statement (Yearly)
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Sales | Rs 7,540 Crore | Rs 6,069 Crore | Rs 6,922 Crore | Rs 3,947 Crore | Rs 2,515 Crore |
| Other Income | Rs 70 Crore | Rs 44 Crore | Rs 31 Crore | Rs 19 Crore | Rs 21 Crore |
| Total Income | Rs 7,611 Crore | Rs 6,113 Crore | Rs 6,954 Crore | Rs 3,967 Crore | Rs 2,537 Crore |
| Total Expenditure | Rs 5,761 Crore | Rs 4,843 Crore | Rs 5,761 Crore | Rs 3,250 Crore | Rs 2,094 Crore |
| EBIT | Rs 1,849 Crore | Rs 1,270 Crore | Rs 1,192 Crore | Rs 716 Crore | Rs 442 Crore |
| Interest | Rs 116 Crore | Rs 109 Crore | Rs 90 Crore | Rs 109 Crore | Rs 45 Crore |
| Tax | Rs 450 Crore | Rs 286 Crore | Rs 290 Crore | Rs 151 Crore | Rs 109 Crore |
| Net Profit | Rs 1,282 Crore | Rs 874 Crore | Rs 811 Crore | Rs 455 Crore | Rs 288 Crore |
Cash Flow
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Operating Activities | Rs 2,467 Crore | Rs 1,406 Crore | Rs 656 Crore | Rs 297 Crore | Rs 356 Crore |
| Investing Activities | Rs -1,593 Crore | Rs -726 Crore | Rs -518 Crore | Rs -303 Crore | Rs -250 Crore |
| Financing Activities | Rs -476 Crore | Rs -370 Crore | Rs 118 Crore | Rs -45 Crore | Rs -26 Crore |
| Others | Rs -66 Crore | Rs -294 Crore | Rs -95 Crore | Rs -34 Crore | Rs -2 Crore |
| Net Cash Flow | Rs 331 Crore | Rs 14 Crore | Rs 160 Crore | Rs -85 Crore | Rs 77 Crore |
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Share Capital | Rs 18 Crore | Rs 18 Crore | Rs 18 Crore | Rs 18 Crore | Rs 18 Crore |
| Reserves & Surplus | Rs 4,368 Crore | Rs 3,287 Crore | Rs 2,592 Crore | Rs 1,896 Crore | Rs 1,561 Crore |
| Current Liabilities | Rs 2,113 Crore | Rs 1,501 Crore | Rs 1,632 Crore | Rs 1,117 Crore | Rs 819 Crore |
| Other Liabilities | Rs 1,761 Crore | Rs 930 Crore | Rs 793 Crore | Rs 692 Crore | Rs 630 Crore |
| Total Liabilities | Rs 8,261 Crore | Rs 5,737 Crore | Rs 5,036 Crore | Rs 3,724 Crore | Rs 3,029 Crore |
| Fixed Assets | Rs 3,288 Crore | Rs 2,487 Crore | Rs 1,973 Crore | Rs 1,713 Crore | Rs 1,570 Crore |
| Current Assets | Rs 4,126 Crore | Rs 2,648 Crore | Rs 2,501 Crore | Rs 1,663 Crore | Rs 1,225 Crore |
| Other Assets | Rs 846 Crore | Rs 601 Crore | Rs 561 Crore | Rs 347 Crore | Rs 233 Crore |
| Total Assets | Rs 8,261 Crore | Rs 5,737 Crore | Rs 5,036 Crore | Rs 3,724 Crore | Rs 3,029 Crore |
| Contingent Liabilities | Rs 449 Crore | Rs 190 Crore | Rs 218 Crore | Rs 53 Crore | Rs 55 Crore |
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 133.65 | 92.38 | 83.68 | 48.77 | 30.54 |
| Diluted Eps (Rs.) | 133.65 | 92.38 | 83.68 | 48.77 | 30.54 |
| Book Value /Share (Rs.) | 484.68 | 378.70 | 303.94 | 222.64 | 181.45 |
| Dividend/Share (Rs.) | 10.00 | 8.50 | 8.00 | 7.50 | 6.00 |
| Face Value | 2 | 2 | 2 | 2 | 2 |
| Gross Profit Margin (%) | 26.93 | 23.29 | 19.07 | 32.93 | 21.30 |
| Operating Margin (%) | 24.53 | 20.92 | 17.22 | 18.15 | 17.58 |
| Net Profit Margin (%) | 17.00 | 14.41 | 11.72 | 11.53 | 11.45 |
| Return on Networth / Equity (%) | 27.57 | 25.28 | 29.00 | 23.05 | 17.49 |
| ROCE (%) | 30.08 | 29.98 | 35.02 | 27.49 | 20.01 |
| Return On Assets (%) | 14.63 | 14.57 | 15.03 | 11.84 | 9.12 |
| Current Ratio (X) | 1.95 | 1.76 | 1.53 | 1.49 | 1.50 |
| Quick Ratio (X) | 1.46 | 1.20 | 0.86 | 0.85 | 0.96 |
| Debt to Equity (x) | 0.21 | 0.33 | 0.45 | 0.45 | 0.40 |
| Interest Coverage Ratios (X) | 17.44 | 12.93 | 14.61 | 11.90 | 9.75 |
| Asset Turnover Ratio (%) | 1.08 | 1.13 | 1.58 | 1.00 | 83.03 |
| Inventory Turnover Ratio (X) | 3.58 | 2.79 | 4.20 | 4.61 | 5.71 |
| 3 Yr CAGR Sales (%) | 38.21 | 55.33 | 75.90 | 26.64 | 14.58 |
| 3 Yr CAGR Net Profit (%) | 67.79 | 74.27 | 70.64 | 28.28 | 11.05 |
| P/E (x) | 84.13 | 95.06 | 45.32 | 57.34 | 42.00 |
| P/B (x) | 23.20 | 24.05 | 12.88 | 13.25 | 7.32 |
| EV/EBITDA (x) | 50.27 | 56.91 | 26.26 | 20.18 | 22.53 |
| P/S (x) | 13.49 | 13.10 | 4.86 | 6.43 | 4.60 |
Solar Industries India announced a final dividend of Rs 10 per share (500%) on May 20, 2025, with an effective date of July 8, 2025. Prior dividends include Rs 8.50 per share (425%) on May 16, 2024, Rs 8 per share (400%) on May 3, 2023, Rs 7.50 per share (375%) on May 4, 2022 and Rs 6 per share (300%) on May 27, 2021.
The company had a stock split on July 13, 2016, where the face value changed from Rs 10 to Rs 2.
This decline reflects bearish investor sentiment, as indicated by a recent Moneycontrol analysis.
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