Shares of Solar Industries India were trading higher in Friday's session, with the stock priced at Rs 14,277. This represents a 2.09% increase from the previous close. The stock is a constituent of the Nifty Midcap 150 index.
Financial Performance:
Solar Industries India has demonstrated robust financial performance, as indicated by both quarterly and yearly results. Here's an overview of the company's financials:
Consolidated Quarterly Performance:
The company's consolidated quarterly performance shows consistent growth in both revenue and net profit.
| 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 |
Consolidated Yearly Performance:
The consolidated yearly performance reveals significant growth over the past five years.
| 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 |
Income Statement:
The income statement provides a detailed breakdown of the company's financial performance.
| 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 cash flow statement illustrates the movement of cash both into and out of the company.
| 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 |
The balance sheet provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
| 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 |
The financial ratios provide insights into the company's profitability, efficiency, and solvency.
| 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 [Excl. Reval Reserve]/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 has announced several corporate actions, including dividend payouts and a stock split in the past.
Recent Moneycontrol analysis suggests a bearish sentiment for Solar Industries India as of September 12, 2025.
With the stock's last traded price at Rs 14,277, Solar Industries India has seen a rise of 2.09% from the previous close.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
