SOLAR INDUSTRIES (I) LTD·CHEMICALS 61.52·Chemicals & Petrochemicals Companies

Price

17,428

-2.45%
O:17864
H:18041
L:17344
C:17428

52W Range

1164618874
+50%/-8%

Market Cap

₹1,57,706.07 Cr

Traded: ₹184.79 Cr (0.12%) 0.0x

Free Float: ₹11,591.40 Cr (1.59% of FF traded)

Volume · 60D trend

1.05 L 0.0x

Delivery: % 0.0x

View Delivery Data

Returns

1W:+0% 1M:-5% 3M:+11% 6M:+30% 12M:+24%

Valuation

P/E94.0
P/B25.1
P/S16.0
EV/EBIT58.5

Business Strength

ROE32.6%
ROCE38.1%
OPM26.6%
NPM17.7%

Growth (3Y CAGR)

EPS+38.7%
Sales+12.0%
Profit+29.0%
3Y Return+66.0%

Balance Sheet

Debt/Equity0.2
Debt1,468 Cr
Pledge1.8%
CWIP/Fixed Asset17.1%

Cash Position

CFO/NP35.8%
FCF-1,072 Cr
FCF 3Y Avg1,252 Cr
Cash/MCap--

Others

Div Yield0.1%
Div Payout6.0%
Cash Conv. Cycle152 days
Tradeable Free Float7.3%

MTF Exposure Trend

60 sessions · funded amount, % of FF, daily delta

Current
₹ 283.72 Cr
2.45% FF
60d high
₹ 466.91 Cr
60d low
₹ 244.79 Cr
60d mean
₹ 345.25 Cr
vs mean
▼ 17.82%

Growth Trends

Metric10Y5Y3Y1YTTMTrend
Sales
+21.0%
+31.0%
+12.0%
--
+30.0%
Stable
Profit
+26.0%
+43.0%
+29.0%
--
+34.0%
Stable
Return
+38.0%
+70.0%
+66.0%
+25.0%
--
Decelerating
ROE
+29.0%
+31.0%
+32.0%
--
--
Accelerating

Quarterly Results

Mar 2026

15 May
Rev
3.1K Cr
+41% YoY+20% QoQ
OPM27.0%
NPM18.2%
PAT
+70% YoY556 Cr
EPS
+70% YoY60.5

Dec 2025

3 Feb
Rev
2.5K Cr
+29% YoY+22% QoQ
OPM28.0%
NPM18.3%
PAT
+42% YoY467 Cr
EPS
+42% YoY49.3

Sep 2025

Rev
2.1K Cr
+21% YoY-3% QoQ
OPM26.0%
NPM17.3%
PAT
+21% YoY361 Cr
EPS
+21% YoY38.1

Jun 2025

Rev
2.2K Cr
+28% YoY-1% QoQ
OPM25.0%
NPM16.4%
PAT
+18% YoY353 Cr
EPS
+18% YoY37.4

Mar 2025

Rev
2.2K Cr
+35% YoY+10% QoQ
OPM25.0%
NPM16.0%
PAT
+37% YoY346 Cr
EPS
+37% YoY35.6

Dec 2024

Rev
2.0K Cr
+38% YoY+15% QoQ
OPM27.0%
NPM17.1%
PAT
+55% YoY338 Cr
EPS
+55% YoY34.8

Sep 2024

Rev
1.7K Cr
+27% YoY+2% QoQ
OPM26.0%
NPM17.7%
PAT
+43% YoY304 Cr
EPS
+43% YoY31.6

Jun 2024

Rev
1.7K Cr
+0% YoY+5% QoQ
OPM27.0%
NPM17.9%
PAT
+45% YoY301 Cr
EPS
+45% YoY31.7

Mar 2024

Rev
1.6K Cr
-16% YoY+13% QoQ
OPM22.0%
NPM15.1%
PAT
+14% YoY243 Cr
EPS
+14% YoY26.0

Dec 2023

Rev
1.4K Cr
-21% YoY+6% QoQ
OPM25.0%
NPM15.5%
PAT
-1% YoY222 Cr
EPS
-1% YoY22.5

Sep 2023

Rev
1.3K Cr
-14% YoY-20% QoQ
OPM25.0%
NPM15.5%
PAT
+13% YoY209 Cr
EPS
+13% YoY22.1

Jun 2023

Rev
1.7K Cr
---13% QoQ
OPM19.0%
NPM12.0%
PAT
+16% YoY202 Cr
EPS
--21.8

Mar 2023

Rev
1.9K Cr
--+6% QoQ
OPM19.0%
NPM11.5%
PAT
+23% YoY221 Cr
EPS
--22.8

Dec 2022

Rev
1.8K Cr
--+16% QoQ
OPM19.0%
NPM12.1%
PAT
+100% YoY219 Cr
EPS
--22.6

Sep 2022

Rev
1.6K Cr
----
OPM19.0%
NPM12.1%
PAT
+139% YoY189 Cr
EPS
--19.5

Revenue & Margin Trends

Annual

Quarterly

Balance Sheet Health

Leverage

Debt / Equity0.24
Interest Coverage8.9x
Promoter Pledge1.8%
Borrowings1.5K Cr

Efficiency

Receivable Days69 days
Inventory Days130 days
Payable Days47 days
Cash Conversion cycle152 days

Cash Position

Operating Cash Flow621 Cr
Investing Cash Flow-1.2K Cr
Financing Cash Flow209 Cr
Free Cash Flow-1.1K Cr

Detailed Financials

Mar 2026
Dec 2025
Sep 2025
Jun 2025
Mar 2025
Dec 2024
Sep 2024
Jun 2024
Mar 2024
Dec 2023
Sep 2023
Jun 2023
Mar 2023
Dec 2022
Sep 2022
Sales3,0532,5482,0822,1542,1671,9731,7161,6851,6111,4291,3471,6821,9291,8121,567
Expenses2,2271,8401,5301,6201,6291,4471,2711,2351,2571,0741,0121,3591,5711,4621,268
Operating Profit826708552535537527445449354355335323357350299
OPM %27.0%28.0%26.0%25.0%25.0%27.0%26.0%27.0%22.0%25.0%25.0%19.0%19.0%19.0%19.0%
Other Income4625292971036262011881174
Interest413431272931302732282525312519
Depreciation716361565047444037393434353230
Profit Before Tax759636490481464459407408305299285272302299254
Tax %27.0%27.0%26.0%27.0%25.0%26.0%25.0%26.0%21.0%26.0%27.0%26.0%27.0%27.0%26.0%
Net Profit556467361353346338304301243222209202221219189
Exceptional Items------------------------------
EPS (Rs)60.549.338.137.435.634.831.631.726.022.522.121.822.822.619.5
Sales Growth (YoY)40.9%29.1%21.3%27.8%34.5%38.1%27.4%0.2%-16.5%-21.1%-14.0%--------
Sales Growth (QoQ)19.8%22.4%-3.3%-0.6%9.8%15.0%1.8%4.6%12.7%6.1%-19.9%-12.8%6.5%15.6%--
OP Growth (YoY)53.8%34.3%24.0%19.2%51.7%48.5%32.8%39.0%-0.8%1.4%12.0%--------
OP Growth (QoQ)16.7%28.3%3.2%-0.4%1.9%18.4%-0.9%26.8%-0.3%6.0%3.7%-9.5%2.0%17.1%--
Profit Growth (YoY)70.0%42.0%21.0%18.0%37.0%55.0%43.0%45.0%14.0%-1.0%13.0%16.0%23.0%100.0%139.0%
EPS Growth (YoY)70.0%41.7%20.7%18.2%37.1%54.9%42.8%45.1%14.1%-0.6%13.5%--------
EPS Growth (QoQ)22.7%29.4%1.8%5.1%2.3%10.2%-0.2%21.9%15.6%1.6%1.4%-4.2%0.8%16.0%--
OP Margin27.1%27.8%26.5%24.8%24.8%26.7%25.9%26.6%22.0%24.8%24.9%19.2%18.5%19.3%19.1%
Net Margin18.2%18.3%17.3%16.4%16.0%17.1%17.7%17.9%15.1%15.5%15.5%12.0%11.5%12.1%12.1%
Material Cost %49.8%48.7%48.8%50.8%53.8%53.5%49.1%51.6%51.5%52.6%48.4%57.2%61.7%63.5%59.6%
Employee Cost %8.3%8.4%9.3%8.5%8.0%7.6%8.4%7.8%7.4%7.8%7.7%6.0%5.2%5.1%5.5%
P/S16.0316.8514.59------------------------
P/E94.01103.8592.52------------------------
P/B25.1229.4823.89------------------------

Shareholding Pattern

Shareholders:1.2L (+123.2%)
Current MixMar 2026

Exchange Filings

50
Company Update19 Jun 2026

Intimation of issuance of commercial paper amounting to Rs. 75 crores.

Company Update02 Jun 2026

Intimation of participating in the India Investment Forum 2026

Company Update29 May 2026

Intimation of Receipt of Export Order for Supply of Defence Products of INR 1076 Crores.

Company Update18 May 2026

Transcription of Conference Call with reference to the audited financial results for the quarter and year ended on March 31, 2026, with the management of the Company.

Company Update16 May 2026

Submission of newspaper clippings for the audited financial results for the quarter and year ended on March 31, 2026.

Company Update16 May 2026

Audio recording of earning conference call of audited financial results of the Company for the quarter and year ended March 31, 2026.

Company Update15 May 2026

Intimation of Appointment of an Additional Director (Non-Executive Independent Director).

Company Update15 May 2026

Updates on Audited Financial Results (Standalone and Consolidated) for the quarter and year ended on March 31, 2026.

Company Update15 May 2026

Presentation on Audited Financial Results for the quarter and year ended March 31, 2026.

Result15 May 2026

Audited Financial Results (Standalone and Consolidated) of the Company for the quarter and year ended on March 31, 2026.

Board Meeting15 May 2026

Outcome of the Board Meeting dated May 15, 2026.

Company Update14 May 2026

Intimation of Corporate Meeting

Company Update12 May 2026

Revised Intimation of Conference Call under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company Update08 May 2026

Intimation of Conference Call under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting08 May 2026

Solar Industries India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 15/05/2026 ,inter alia, to consider and approve 1. the Audited Standalone ....

Company Update06 May 2026

Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 relating to resignation of Additional Non- Executive Independent Director of the Company

Company Update24 Apr 2026

submission of newspaper clippings for the notice of transfer of equity shares of the company to Investor Education and Protection Fund (IEPF).

Company Update24 Apr 2026

Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 - Credit Rating.

Others20 Apr 2026

<b>Format of the Annual Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=''1px''> <tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> ....

Others20 Apr 2026

<b>Format of Initial Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=''1px''><tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> <td><b>Details</b></td> ....

Company Update07 Apr 2026

Certificate under Regulation 74(5) of SEBI Depository Regulation (Depositories and Participation) Regulation, 2018 for quarter ended Meach 31, 2026.

Insider Trading / SAST01 Apr 2026

The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(i)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....

Company Update01 Apr 2026

Completion of Tenure of Shri Dinesh Kumar Batra (DIN: 08773363) as a Non-Executive Independent Director of the Company.

Company Update31 Mar 2026

Intimation of Appointment of an Additional Director (Non-executive Independent Director).

Insider Trading / SAST26 Mar 2026

Intimation of Closure of Trading Window

Others23 Mar 2026

Certificate confirming fulfilment of payment obligation with respect to the commercial paper issued dated December 23, 2025 by Solar Industries India Limited.

Insider Trading / SAST11 Mar 2026

The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sohan Devi Nand Lal Nuwal Family Trust & PACs

Insider Trading / SAST11 Mar 2026

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sohan Devi Nand Lal Nuwal Family Trust

Insider Trading / SAST11 Mar 2026

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sohan Devi Nand Lal Nuwal Family Trust

Insider Trading / SAST10 Mar 2026

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sohan Devi Nand Lal Nuwal Family Trust & PACs

Insider Trading / SAST10 Mar 2026

The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sohan Devi Nand Lal Nuwal Family Trust & PACs

Insider Trading / SAST10 Mar 2026

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sohan Devi Nand Lal Nuwal Family Trust & PACs

Company Update08 Mar 2026

Intimation of Bhoomi Pujan for upcoming Robotics and UAV Manufacturing facility

AGM/EGM24 Feb 2026

Submission of the Voting results and Scrutiniser''s Report of Postal Ballot

Others09 Feb 2026

Certificate confirming fulfilment of payment obligation with respect to Commercial paper issued dated November 11, 2025 by Solar Industries India Limited.

Company Update09 Feb 2026

Transcription of Conference Call with reference to the Unaudited Financial Results for the quarter and nine months ended on December 31, 2025, with the Management of the Company.

Company Update04 Feb 2026

Audio recording of earning conference call of Un-audited Financial Results of the Company for the quarter and nine months ended on December 31, 2025.

Company Update04 Feb 2026

Submission of Newspaper clipping for the Unaudited Financial Results for the quarter and nine months ended on December 31, 2025.

Result03 Feb 2026

Outcome of the Board Meeting dated February 3, 2026

Company Update03 Feb 2026

Presentation on Unaudited Presentation Results for the quarter and nine months ended as on December 31, 2025

Company Update03 Feb 2026

Updates on unaudited Financial Results (Standalone and Consolidated ) for the quarter and nine months ended on 31 December 2025

Board Meeting03 Feb 2026

Outcome of Board Meeting dated February 3, 2026

Company Update02 Feb 2026

Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015

Company Update30 Jan 2026

Intimation for Receipt of export order for Supply of Defence Products of INR 589 Crores

Company Update30 Jan 2026

Intimation for Receipt of Export order for Supply of Defence products of INR 830 Crores

Company Update28 Jan 2026

Intimation of Conference Call under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting27 Jan 2026

Solar Industries India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/02/2026 ,inter alia, to consider and approve The Unaudited Standalone ....

Company Update24 Jan 2026

Intimation regarding completion of dispatch of postal ballot notice and Publication of Newspaper Publication

AGM/EGM23 Jan 2026

Submission of Postal Ballot Notice

Company Update19 Jan 2026

Visit of Hon''ble Raksha Mantri - Shri Rajnath Singh Ji to Solar Defence and Aerospace Limited

Annual Reports

15

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

Credit Ratings

6
icraRating update
28 Nov 2025Report
crisilRating update
24 Apr 2025Report
icraRating update
17 Feb 2025Report
icraRating update
28 Nov 2024Report
crisilRating update
03 Sept 2024Report
icraRating update

Concalls

40

Feb 2026

28 Feb 2026

Nov 2025

30 Nov 2025

Sep 2025

30 Sept 2025

Aug 2025

31 Aug 2025

May 2025

31 May 2025

Feb 2025

28 Feb 2025

Nov 2024

30 Nov 2024

Aug 2024

31 Aug 2024

May 2024

31 May 2024

Feb 2024

29 Feb 2024

Nov 2023

30 Nov 2023

Aug 2023

31 Aug 2023

May 2023

31 May 2023

Jan 2023

31 Jan 2023

Nov 2022

30 Nov 2022

Jul 2022

31 Jul 2022

May 2022

31 May 2022

Feb 2022

28 Feb 2022

Nov 2021

30 Nov 2021

Aug 2021

31 Aug 2021

Jun 2021

30 Jun 2021

Feb 2021

28 Feb 2021

Nov 2020

30 Nov 2020

Sep 2020

30 Sept 2020

Jul 2020

31 Jul 2020

Feb 2020

29 Feb 2020

Feb 2020

29 Feb 2020

Feb 2020

29 Feb 2020

Nov 2019

30 Nov 2019

Jul 2019

31 Jul 2019

May 2019

31 May 2019

Jan 2019

31 Jan 2019

Oct 2018

31 Oct 2018

Aug 2018

31 Aug 2018

Jul 2018

31 Jul 2018

May 2018

31 May 2018

Feb 2018

28 Feb 2018

Nov 2017

30 Nov 2017

Feb 2017

28 Feb 2017

Sep 2016

30 Sept 2016

Held by ETFs

43 ETFs hold solarinds · sorted by weight

#ETFWeight %
1

DEFENCE

MIRAEAMC - DEFENCE

13.64%
2

GROWWDEFNC

GROWWAMC - GROWWDEFNC

12.89%
3

MODEFENCE

MOTILALAMC - MODEFENCE

12.87%
4

GROWWCHEM

GROWWAMC - GROWWCHEM

12.25%
5

CHEMICAL

KOTAKMAMC - CHEMICAL

12.29%
6

HDFCQUAL

HDFCAMC - HDFCQUAL

3.53%
7

ALPHAETF

MIRAEAMC - ALPHAETF

2.59%
8

MOALPHA50

MOTILALAMC - MOALPHA50

1.87%
9

ALPHA

KOTAKMAMC - KOTAKALPHA

1.87%
10

MONEXT50

MOTILALAMC - MONEXT50

1.79%
11

AONETMMQ50

AONEAMC - AONETMMQ50

2.54%
12

ENEXT50

EDELAMC - ENEXT50

1.77%
13

ABSLNN50ET

BIRLASLAMC - ABSLNN50ET

1.76%
14

NEXT50IETF

ICICIPRAMC - ICICINXT50

1.77%
15

NEXT50

MIRAEAMC - MANXT50

1.77%
16

NEXT50BETA

UTIAMC-NEXT50BETA

1.76%
17

SETFNN50

SBI-ETF NIFTY NEXT 50

1.76%
18

JUNIORBEES

NIP IND ETF JUNIOR BEES

1.76%
19

NEXT50ADD

DSPAMC - NEXT50ADD

1.76%
20

NEXT50ETF

KOTAKMAMC - NEXT50ETF

1.75%
21

EMULTIMQ

EDELAMC - EMULTIMQ

1.66%
22

NIFTY100EW

KOTAKMAMC - NIFTY100EW

1.29%
23

GROWWNXT50

GROWWAMC - GROWWNXT50

1.75%
24

MAKEINDIA

MIRAEAMC - MAMFGETF

1.12%
25

MOMGF

MOTILALAMC - MOMGF

1.15%
26

EQUAL200

MIRAEAMC - EQUAL200

0.58%
27

MSCIADD

DSPAMC - MSCIADD

0.34%
28

MANUFGBEES

NIPPONAMC - MANUFGBEES

1.10%
29

TOP100CASE

ZERODHAAMC - TOP100CASE

0.33%
30

NIF100IETF

ICICI PRUD NIFTY 100 ETF

0.33%
31

NIF100BEES

NIP IND ETF NIFTY 100

0.33%
32

MONIFTY100

MOTILALAMC - MONIFTY100

0.33%
33

LICNFNHGP

LICNAMC - LICNFNHGP

0.33%
34

HDFCNIF100

HDFCAMC - HDFCNIF100

0.33%
35

ABSLMSCIN

BIRLASLAMC - ABSLMSCIN

0.31%
36

MSCIINDIA

KOTAKMAMC - MSCIINDIA

0.32%
37

GROWWN200

GROWWAMC - GROWWN200

0.26%
38

BSE500IETF

ICICIPRAMC - ICICI500

0.24%
39

HDFCBSE500

HDFCAMC - HDFCBSE500

0.23%
40

AONETOTAL

AONEAMC - AONETOTAL

0.22%
41

MONIFTY500

MOTILALAMC - MONIFTY500

0.23%
42

ELM250

EDELAMC - ELM250

0.17%
43

MULTICAP

MIRAEAMC - MULTICAP

0.16%

Held by Mutual Funds

1 schemes hold solarinds · sorted by weight

#SchemeWeight %
1

Motilal Oswal Nifty India Defence Index Fund

Motilal Oswal Mutual Fund

11.06%