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 |
The revenue for the quarter ending June 2025 stood at Rs 2,154.45 Crore, compared to Rs 2,166.55 Crore for the quarter ending March 2025. Net profit for the quarter ending June 2025 was Rs 352.56 Crore, up from Rs 348.69 Crore in the previous quarter.
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 |
The annual revenue for the year ending March 2025 increased to Rs 7,540.26 Crore, compared to Rs 6,069.52 Crore for the year ending March 2024. The net profit for the year ending March 2025 was Rs 1,282.38 Crore, up from Rs 874.88 Crore in the previous year.
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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