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Solar Industries

  • Market Cap: Large Cap
  • Industry: Chemicals
  • ISIN: INE343H01029
  • NSEID: SOLARINDS
  • BSEID: 532725
INR
11,363.05
423.05 (3.87%)
BSENSE

Apr 11, 12:53 PM

BSE+NSE Vol: 62.47 k

Click here to access the older version
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

11,084.8511,400.00

52 Week

7,889.9513,300.00
Valuation
Technical
Day's Volume

CASH

62.47 k (39.15%) Volume

Shareholding (Dec 2024)

FII

7.23%

Held by 351 FIIs

DII

12.79%

Held by 24 DIIs

Promoter

73.15%

iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy
Dashboard
1

Strong Long Term Fundamental Strength with an average Return on Capital Employed (ROCE) of 26.08%

  • Healthy long term growth as Net Sales has grown by an annual rate of 24.21% and Operating profit at 31.43%
  • Strong ability to service debt as the company has a low Debt to EBITDA ratio of 0.93 times
2

With a growth in Net Profit of 50.73%, the company declared Very Positive results in Dec 24

3

Technical trend is Sideways signifying no clear price momentum

4

With ROCE of 31, it has a Very Expensive valuation with a 21.4 Enterprise value to Capital Employed

stock-summaryMojo Parameters
Mojo Parameters
Loading Valuation Snapshot...
Stock DNA
stock-summary
Industry

Chemicals

stock-summary
Market cap

INR 102,824 Cr (Large Cap)

stock-summary
P/E

88.00

stock-summary
Industry P/E

41

stock-summary
Dividend Yield

0.08%

stock-summary
Debt Equity

0.23

stock-summary
Return on Equity

26.64%

stock-summary
Price to Book

26.09

Revenue and Profits (1 Year):
Net Sales:
1,973 Cr
(Quarterly Results - Dec 2024)
Net Profit:
315 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0.08%)
TimePeriod
Price Return
Dividend Return
Total Return
6 Months
-0.15%
0%
-0.15%
1 Year
31.59%
0.10%
31.69%
2 Years
198.63%
0.44%
199.07%
3 Years
276.65%
0.86%
277.51%
4 Years
783.39%
2.46%
785.85%
5 Years
1136.26%
4.04%
1140.3%

Latest dividend: 8.5 per share ex-dividend date: Jul-04-2024

Risk Adjusted Returns v/s Sensex stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
24.21%
EBIT Growth (5y)
31.43%
EBIT to Interest (avg)
11.64
Debt to EBITDA (avg)
1.09
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
1.43
Tax Ratio
25.02%
Dividend Payout Ratio
9.20%
Pledged Shares
0.55%
Institutional Holding
20.02%
ROCE (avg)
27.43%
ROE (avg)
23.81%
Valuation key factors
Factor
Value
P/E Ratio
88
Industry P/E
41
Price to Book Value
26.09
EV to EBIT
62.17
EV to EBITDA
56.28
EV to Capital Employed
21.40
EV to Sales
14.30
PEG Ratio
2.26
Dividend Yield
0.08%
ROCE (Latest)
30.96%
ROE (Latest)
26.64%
Tecnicals key factors
Indicator
Weekly
Monthly
MACD
Bullish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Mildly Bearish (Daily)
KST
Mildly Bullish
Mildly Bearish
Dow Theory
Mildly Bullish
Mildly Bullish
OBV
Mildly Bullish
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2024stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

0.5507

Mutual Funds

Held by 28 Schemes (11.74%)

FIIs

Held by 351 FIIs (7.23%)

Promoter with highest holding

Manish Satyanarayan Nuwal (38.93%)

Highest Public shareholder

Sbi Equity Hybrid Fund (4.39%)

Individual Investors Holdings

5.2%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Dec'24 - YoY",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in quarter ended Dec 2024 is 38.06% vs -21.12% in Dec 2023",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in quarter ended Dec 2024 is 54.86% vs -0.61% in Dec 2023",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "1,973.08",
          "val2": "1,429.14",
          "chgp": "38.06%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "526.54",
          "val2": "356.24",
          "chgp": "47.80%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "30.51",
          "val2": "28.29",
          "chgp": "7.85%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "314.87",
          "val2": "203.33",
          "chgp": "54.86%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "26.69%",
          "val2": "24.93%",
          "chgp": "1.76%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Consolidated) - Sep'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2024 is 12.24% vs -4.79% in Sep 2023",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": " Growth in half year ended Sep 2024 is 43.97% vs 14.70% in Sep 2023",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Sep'24",
        "Sep'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "3,400.63",
          "val2": "3,029.67",
          "chgp": "12.24%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "894.15",
          "val2": "659.27",
          "chgp": "35.63%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "57.21",
          "val2": "49.56",
          "chgp": "15.44%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "572.34",
          "val2": "397.55",
          "chgp": "43.97%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "26.29%",
          "val2": "21.76%",
          "chgp": "4.53%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Consolidated) - Dec'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is 20.52% vs -10.72% in Dec 2023",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is 47.65% vs 9.02% in Dec 2023",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "5,373.71",
          "val2": "4,458.81",
          "chgp": "20.52%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "1,420.69",
          "val2": "1,015.51",
          "chgp": "39.90%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "87.72",
          "val2": "77.85",
          "chgp": "12.68%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "887.21",
          "val2": "600.88",
          "chgp": "47.65%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "26.44%",
          "val2": "22.78%",
          "chgp": "3.66%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Mar'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2024 is -12.32% vs 75.36% in Mar 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2024 is 10.40% vs 71.59% in Mar 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'24",
        "Mar'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "6,069.52",
          "val2": "6,922.53",
          "chgp": "-12.32%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "1,369.21",
          "val2": "1,288.92",
          "chgp": "6.23%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "109.37",
          "val2": "90.38",
          "chgp": "21.01%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "835.93",
          "val2": "757.19",
          "chgp": "10.40%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "22.56%",
          "val2": "18.62%",
          "chgp": "3.94%",
          "chgp_class": "positive"
        }
      ]
    }
  }
]
Quarterly Results Snapshot (Consolidated) - Dec'24 - YoYstock-summary
Dec'24
Dec'23
Change(%)
Net Sales
1,973.08
1,429.14
38.06%
Operating Profit (PBDIT) excl Other Income
526.54
356.24
47.80%
Interest
30.51
28.29
7.85%
Exceptional Items
0.00
0.00
Consolidate Net Profit
314.87
203.33
54.86%
Operating Profit Margin (Excl OI)
26.69%
24.93%
1.76%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in quarter ended Dec 2024 is 38.06% vs -21.12% in Dec 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in quarter ended Dec 2024 is 54.86% vs -0.61% in Dec 2023

All Quarterly Resultsstock-summary
Half Yearly Results Snapshot (Consolidated) - Sep'24stock-summary
Sep'24
Sep'23
Change(%)
Net Sales
3,400.63
3,029.67
12.24%
Operating Profit (PBDIT) excl Other Income
894.15
659.27
35.63%
Interest
57.21
49.56
15.44%
Exceptional Items
0.00
0.00
Consolidate Net Profit
572.34
397.55
43.97%
Operating Profit Margin (Excl OI)
26.29%
21.76%
4.53%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

Growth in half year ended Sep 2024 is 12.24% vs -4.79% in Sep 2023

Direction Arrows
Consolidated Net Profit

Growth in half year ended Sep 2024 is 43.97% vs 14.70% in Sep 2023

All Half Yearly Resultsstock-summary
Nine Monthly Results Snapshot (Consolidated) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
5,373.71
4,458.81
20.52%
Operating Profit (PBDIT) excl Other Income
1,420.69
1,015.51
39.90%
Interest
87.72
77.85
12.68%
Exceptional Items
0.00
0.00
Consolidate Net Profit
887.21
600.88
47.65%
Operating Profit Margin (Excl OI)
26.44%
22.78%
3.66%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in nine months ended Dec 2024 is 20.52% vs -10.72% in Dec 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in nine months ended Dec 2024 is 47.65% vs 9.02% in Dec 2023

All Nine Monthly Resultsstock-summary
Annual Results Snapshot (Consolidated) - Mar'24stock-summary
Mar'24
Mar'23
Change(%)
Net Sales
6,069.52
6,922.53
-12.32%
Operating Profit (PBDIT) excl Other Income
1,369.21
1,288.92
6.23%
Interest
109.37
90.38
21.01%
Exceptional Items
0.00
0.00
Consolidate Net Profit
835.93
757.19
10.40%
Operating Profit Margin (Excl OI)
22.56%
18.62%
3.94%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2024 is -12.32% vs 75.36% in Mar 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Mar 2024 is 10.40% vs 71.59% in Mar 2023

All Annual Resultsstock-summary
stock-summaryCompany CV
About Solar Industries India Ltd stock-summary
stock-summary
Solar Industries India Ltd
Large Cap
Chemicals
Solar Industries India Limited is engaged in manufacturing of complete range of industrial explosives and explosive initiating devices. It manufactures various types of packaged emulsion explosives, bulk explosives and explosive initiating systems. The Company has also forayed into manufacturing of ammunition for military applications. It has the world's largest packaged explosives manufacturing facility at a single location in Nagpur, India.
Company Coordinates stock-summary
Company Details
Solar House 14 Kachimet, Amravati Road Nagpur Maharashtra : 440023
stock-summary
Tel: 91-0712-2561000/2560010/6681888
stock-summary
http://www.solargroup.com
stock-summary
solar@solargroup.com
Registrar Details
Link Intime India Pvt Ltd, C-13 Pannalal Silk Compound, L B S Marg, Bhandup , Mumbai
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