Shares of Solar Industries India declined by 2% to Rs 13,948 at 12:14 pm on Thursday. The stock's movement comes amid trading in the main session. The stock is part of the Nifty Midcap 150 index.
Quarterly Financial Performance:
Here's a look at the consolidated quarterly financial performance of Solar Industries India:
| Heading | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 1,694.78 Crore | Rs 1,715.83 Crore | Rs 1,973.08 Crore | Rs 2,166.55 Crore | Rs 2,154.45 Crore |
| Net Profit | Rs 298.47 Crore | Rs 298.68 Crore | Rs 336.54 Crore | Rs 348.69 Crore | Rs 352.56 Crore |
| EPS | 31.66 | 31.59 | 34.80 | 35.61 | 37.43 |
The company has demonstrated consistent growth in revenue and net profit over the last five quarters. Revenue increased from Rs 1,694.78 Crore in June 2024 to Rs 2,154.45 Crore in June 2025. Net profit also rose from Rs 298.47 Crore in June 2024 to Rs 352.56 Crore in June 2025. Earnings per share (EPS) have increased from 31.66 in June 2024 to 37.43 in June 2025.
Annual Financial Performance:
The consolidated annual financial performance is as follows:
| Heading | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 2,515.63 Crore | Rs 3,947.61 Crore | Rs 6,922.53 Crore | Rs 6,069.52 Crore | Rs 7,540.26 Crore |
| Net Profit | Rs 288.07 Crore | Rs 455.47 Crore | Rs 811.44 Crore | Rs 874.88 Crore | Rs 1,282.38 Crore |
| EPS | 30.54 | 48.77 | 83.68 | 92.38 | 133.65 |
| BVPS | 181.45 | 222.64 | 303.94 | 378.70 | 484.68 |
| ROE | 17.49 | 23.05 | 29.00 | 25.28 | 27.57 |
| Debt to Equity | 0.40 | 0.45 | 0.45 | 0.33 | 0.21 |
The annual financial performance shows a strong growth trajectory. Revenue increased from Rs 2,515.63 Crore in 2021 to Rs 7,540.26 Crore in 2025. Net profit also significantly rose from Rs 288.07 Crore in 2021 to Rs 1,282.38 Crore in 2025. Earnings per share (EPS) have grown from 30.54 in 2021 to 133.65 in 2025. The company's Debt to Equity ratio has decreased from 0.40 in 2021 to 0.21 in 2025.
Annual Income Statement:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Sales | 7,540 | 6,069 | 6,922 | 3,947 | 2,515 |
| Other Income | 70 | 44 | 31 | 19 | 21 |
| Total Income | 7,611 | 6,113 | 6,954 | 3,967 | 2,537 |
| Total Expenditure | 5,761 | 4,843 | 5,761 | 3,250 | 2,094 |
| EBIT | 1,849 | 1,270 | 1,192 | 716 | 442 |
| Interest | 116 | 109 | 90 | 109 | 45 |
| Tax | 450 | 286 | 290 | 151 | 109 |
| Net Profit | 1,282 | 874 | 811 | 455 | 288 |
Quarterly Income Statement:
| Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | |
|---|---|---|---|---|---|
| Sales | 2,154 | 2,166 | 1,973 | 1,715 | 1,694 |
| Other Income | 29 | 6 | 9 | 30 | 24 |
| Total Income | 2,183 | 2,173 | 1,982 | 1,746 | 1,719 |
| Total Expenditure | 1,675 | 1,677 | 1,493 | 1,314 | 1,285 |
| EBIT | 508 | 495 | 488 | 431 | 433 |
| Interest | 27 | 28 | 30 | 29 | 27 |
| Tax | 128 | 118 | 121 | 103 | 107 |
| Net Profit | 352 | 348 | 336 | 298 | 298 |
Cash Flow:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Operating Activities | 2,467 | 1,406 | 656 | 297 | 356 |
| Investing Activities | -1,593 | -726 | -518 | -303 | -250 |
| Financing Activities | -476 | -370 | 118 | -45 | -26 |
| Others | -66 | -294 | -95 | -34 | -2 |
| Net Cash Flow | 331 | 14 | 160 | -85 | 77 |
Balance Sheet:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Share Capital | 18 | 18 | 18 | 18 | 18 |
| Reserves & Surplus | 4,368 | 3,287 | 2,592 | 1,896 | 1,561 |
| Current Liabilities | 2,113 | 1,501 | 1,632 | 1,117 | 819 |
| Other Liabilities | 1,761 | 930 | 793 | 692 | 630 |
| Total Liabilities | 8,261 | 5,737 | 5,036 | 3,724 | 3,029 |
| Fixed Assets | 3,288 | 2,487 | 1,973 | 1,713 | 1,570 |
| Current Assets | 4,126 | 2,648 | 2,501 | 1,663 | 1,225 |
| Other Assets | 846 | 601 | 561 | 347 | 233 |
| Total Assets | 8,261 | 5,737 | 5,036 | 3,724 | 3,029 |
| Contingent Liabilities | 449 | 190 | 218 | 53 | 55 |
Financial Ratios:
| 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 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 |
Corporate Actions:
Solar Industries India has announced several corporate actions, including:
The company has also declared dividends over the past five years. The most recent dividend was announced on May 20, 2025, for Rs 10.00 per share (500%) as a final dividend, with an effective date of July 8, 2025.
Additionally, Solar Industries India underwent a stock split where the old face value of Rs 10 was split into a new face value of Rs 2. The ex-split date was July 13, 2016.
Moneycontrol analysis, as of August 22, 2025, suggests a very bullish sentiment on the stock.
With the stock's last traded price at Rs 13,948, Solar Industries India shows a downward movement in today's session.
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