Solar Industries India Ltd.

NSE: SOLARINDS · Chemicals

₹18,608.00+0.48%06 Nov 2026

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Instant answers about Solar Industries India Ltd. — computed from its filings, no language model

Market cap₹1,68,402 cr

Current price₹18,608.00

High / Low₹22,455 / ₹11,772

P/E74.4

P/B21.95

Book value₹847.9

ROE29.5%

ROCE35.7%

Debt / equity0.22

Dividend yield0.07%

EPS (TTM)₹250.10

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY18	FY20	FY21	FY22	FY23	FY24	FY26
Revenue	1,951	2,237	2,516	3,948	6,923	6,070	9,838
EBITDA	412	434	515	747	1,289	1,369	2,622
Operating margin	21.1%	19.4%	20.5%	18.9%	18.6%	22.6%	26.7%
Interest	33	55	45	50	90	109	134
Depreciation	51	85	94	109	128	143	251
Profit before tax	340	336	397	607	1,102	1,161	2,365
Tax	106	57	109	152	290	286	629
Net profit	221	267	276	441	757	0	1,678
EPS ₹	25.81	5.52	30.54	48.77	83.68	92.38	185.39
Operating cash flow	—	—	—	298	656	1,406	621
Capex	—	—	—	287	479	560	1,739
Dividend paid	—	—	—	54	68	77	114
Total assets	1,995	2,532	3,030	3,724	5,036	5,737	10,918
Equity	1,084	1,380	1,579	1,914	2,610	3,306	6,277

Quarterly performance

last 30 quarters · ₹ crore

showing latest 8 of 30 periods

	MAR '18	SEP '18	DEC '18	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	575	521	653	507	561	547	491	587	646	791	825	788	1,018	1,317	1,567	1,812	1,929	1,682	1,347	1,429	1,611	1,695	1,716	1,973	2,154	2,082	2,548	3,053	3,668	3,519
Operating profit	118	107	121	107	113	90	92	126	132	165	175	132	178	263	299	350	357	323	336	356	354	449	445	527	535	553	708	826	1,015	1,006
Operating margin	20.5%	20.6%	18.6%	21.1%	20.2%	16.4%	18.7%	21.4%	20.5%	20.8%	21.2%	16.7%	17.5%	20.0%	19.1%	19.3%	18.5%	19.2%	24.9%	24.9%	22.0%	26.5%	25.9%	26.7%	24.8%	26.5%	27.8%	27.1%	27.7%	28.6%
Other income	4	4	3	6	9	20	4	2	13	2	1	11	7	1	4	7	11	8	8	11	18	24	30	10	29	29	25	44	9	15
Interest	8	13	15	14	14	14	12	12	11	10	10	12	13	15	19	25	31	25	25	28	32	27	30	31	27	31	34	41	41	55
Depreciation	12	15	15	21	22	22	23	24	24	23	25	27	27	30	30	32	35	34	34	39	37	40	44	47	56	61	63	71	80	88
Profit before tax	101	83	95	78	87	73	61	92	110	134	140	104	144	219	254	299	302	273	285	300	303	406	402	458	481	490	636	758	903	878
Tax	33	28	22	-9	22	20	17	25	29	39	39	29	39	44	65	80	81	71	76	77	63	108	103	122	128	128	169	203	245	227
Net profit	66	55	69	84	62	50	42	65	78	91	98	74	102	168	176	205	206	197	200	203	0	286	8	315	339	345	446	548	653	617
EPS ₹	7.49	5.74	7.57	9.32	6.85	5.52	4.65	7.20	8.62	10.06	10.78	8.15	11.28	18.55	19.49	22.61	22.78	21.82	22.12	22.47	25.98	31.66	31.59	0.00	37.43	38.12	49.31	60.52	72.11	68.19
Revenue YoY	—	—	—	-2.7%	-14.1%	—	—	15.9%	15.1%	44.6%	68.0%	34.1%	57.6%	66.4%	98.9%	78.0%	46.5%	—	-14.0%	-21.1%	-16.5%	0.7%	27.3%	38.1%	27.1%	21.4%	29.2%	—	70.3%	69.0%
Profit YoY	—	—	—	53.4%	-9.6%	—	—	-22.7%	25.9%	82.2%	131.6%	13.2%	31.1%	84.5%	139.0%	100.0%	22.8%	—	13.5%	-0.6%	-100.0%	45.1%	-96.1%	54.9%	18.2%	4345.5%	41.7%	—	92.7%	78.9%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Solar Industries India Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	421	484	534	733	887	904	1,015	1,090	1,302
Operating profit	49	50	69	90	110	123	155	182	217
Operating margin	11.6%	10.3%	12.9%	12.2%	12.4%	13.6%	15.3%	16.7%	16.7%
Other income	15	19	25	25	18	17	20	10	13
Interest	22	13	11	24	22	14	7	8	14
Depreciation	4	6	7	8	10	13	18	18	19
Profit before tax	37	49	76	79	85	103	140	167	197
Tax	12	18	25	18	9	19	32	56	65
Net profit	25	31	50	61	76	84	108	111	133

Quarters

showing latest 8 of 42 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	34	48	48	63	99	113	146	130	90	125	139	139	115	126	154	189	153	184	206	226	183	218	260	204	210	212	278	262	214	249	290	273	229	270	318	345	245	334	378	347	252	313
Operating profit	5	8	8	12	9	17	11	19	10	12	10	18	14	17	20	21	15	24	30	31	22	28	29	27	27	30	38	39	32	40	45	45	40	43	55	58	39	56	64	59	43	49
Operating margin	13.5%	15.8%	17.5%	18.6%	9.1%	15.4%	7.5%	14.5%	10.6%	9.5%	7.0%	13.2%	12.0%	13.4%	12.9%	11.1%	9.8%	12.9%	14.4%	13.6%	11.9%	12.9%	11.3%	13.5%	13.0%	13.9%	13.8%	15.0%	14.8%	16.0%	15.5%	16.3%	17.2%	16.1%	17.3%	16.8%	15.9%	16.8%	17.0%	16.9%	17.2%	15.8%
Other income	3	3	4	2	3	2	8	1	5	5	7	2	13	4	5	4	13	4	5	5	11	1	0	1	11	1	3	0	15	1	4	1	1	3	5	3	5	2	4	4	5	4
Interest	2	2	3	4	3	9	7	5	4	2	2	3	1	2	5	2	5	9	7	9	6	7	0	3	5	3	3	2	2	2	2	2	2	2	2	3	3	4	4	—	4	—
Depreciation	1	1	1	1	1	1	1	1	2	2	2	2	2	2	2	2	2	2	2	2	3	3	3	3	3	3	3	4	4	4	7	4	4	4	4	5	5	5	5	6	7	7
Profit before tax	6	8	9	10	8	9	11	14	9	13	13	16	25	17	18	20	21	17	22	24	25	20	17	23	30	25	25	31	39	33	38	40	34	40	53	53	36	49	59	57	37	47
Tax	2	3	4	3	3	3	3	5	3	5	5	6	6	6	7	7	4	5	2	5	3	4	-2	5	5	6	2	7	8	7	10	12	11	14	18	19	10	11	25	19	13	16
Net profit	4	6	4	6	5	6	8	9	5	9	8	10	18	11	11	13	17	11	20	19	22	16	18	18	25	19	22	24	31	26	28	28	23	26	35	34	26	38	34	38	24	30
EPS ₹	2.37	3.20	2.59	3.54	2.94	3.47	18.28	19.80	3.15	20.21	19.60	5.85	10.56	6.47	6.16	31.08	9.63	6.48	11.27	11.19	12.55	9.07	10.37	9.85	13.77	10.33	12.37	13.19	16.88	14.29	15.27	15.22	12.47	14.20	19.58	18.83	11.44	16.92	3.75	4.21	2.66	3.37
Revenue YoY	—	—	—	—	186.7%	135.0%	204.3%	106.9%	-9.2%	10.4%	-4.9%	6.9%	28.4%	1.1%	10.5%	35.8%	32.5%	46.5%	34.3%	19.4%	19.7%	18.3%	26.2%	-9.6%	14.7%	-2.7%	6.8%	28.4%	2.3%	17.2%	4.1%	4.3%	6.9%	8.4%	9.6%	26.4%	6.9%	23.7%	19.0%	0.6%	2.8%	-6.2%
Profit YoY	—	—	—	—	24.1%	8.5%	76.4%	39.8%	7.3%	45.6%	7.1%	18.2%	235.0%	28.0%	25.7%	32.8%	-8.8%	0.3%	83.2%	44.2%	32.0%	42.5%	-5.7%	-8.0%	13.3%	16.9%	21.6%	33.9%	22.5%	38.3%	23.4%	15.4%	-26.1%	-0.7%	28.3%	23.7%	15.0%	49.2%	-3.5%	11.7%	-7.4%	-20.5%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 18 periods

	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '26	JUN '26	SEP '26
ROE	17.3%	15.9%	17.0%	17.5%	21.0%	21.5%	23.1%	23.1%	30.1%	28.3%	28.2%	18.2%	20.9%	13.1%	16.1%	26.7%	31.7%	29.5%
ROCE	17.7%	18.3%	19.4%	18.7%	22.0%	22.5%	24.0%	23.7%	32.5%	32.6%	32.7%	28.8%	31.9%	30.9%	34.1%	32.3%	37.9%	35.7%
Net margin	11.3%	10.0%	10.4%	11.0%	11.6%	11.2%	10.7%	11.2%	11.2%	11.9%	12.6%	9.9%	11.3%	7.7%	8.7%	17.1%	17.5%	17.7%
EBITDA margin	19.1%	19.2%	19.4%	20.5%	21.0%	19.8%	19.0%	18.9%	19.0%	20.2%	21.5%	22.6%	24.6%	24.9%	25.4%	26.7%	27.3%	27.8%
Debt / equity	0.44	0.44	0.44	0.50	0.50	0.50	0.50	0.45	0.45	0.36	0.36	0.33	0.33	0.31	0.31	0.23	0.23	0.22
Interest coverage	6.39	6.95	7.81	9.75	11.99	12.22	12.36	13.09	12.19	11.91	11.64	11.61	12.54	13.06	14.16	18.65	19.85	19.43
Asset turnover	0.83	0.86	0.90	0.83	0.94	1.01	1.13	1.06	1.39	1.31	1.24	1.06	1.06	0.97	1.05	0.90	1.04	0.97

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 17 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	SEP '25	MAR '26	SEP '26
Share capital	18	18	18	18	18	18	18	18	18	18	18	18	18	18	18	18	18
Other equity / reserves	643	758	787	910	1,066	1,220	1,362	1,561	1,896	2,169	2,592	2,841	3,288	3,776	5,098	6,259	7,655
Total equity	662	776	805	929	1,084	1,238	1,380	1,579	1,914	2,187	2,610	2,859	3,306	3,794	5,116	6,277	7,673
Borrowings	443	328	344	409	425	464	610	786	866	1,172	1,169	1,029	1,105	1,158	1,128	1,468	1,705
Current liabilities	472	365	—	526	566	724	732	819	1,118	1,454	1,632	1,478	1,501	2,010	2,208	2,449	3,025
Non-current liabilities	181	201	—	232	298	272	369	568	592	776	653	703	809	769	1,478	1,921	2,152
Total assets	1,352	1,389	1,513	1,727	1,995	2,282	2,532	3,030	3,724	4,544	5,036	5,154	5,737	6,678	9,017	10,918	13,163
Property, plant & equipment	484	585	698	762	894	1,004	1,147	1,216	1,416	1,480	1,614	1,692	1,919	2,136	2,952	3,716	4,055
Capital work-in-progress	81	—	30	91	97	166	152	282	221	213	279	307	487	560	790	692	965
Investments	25	37	40	53	17	33	2	1	18	75	99	78	370	192	278	183	526
Inventories	153	165	160	181	232	283	331	440	719	972	1,098	955	847	1,069	1,424	1,742	2,259
Receivables	185	191	271	319	364	399	370	455	541	838	825	808	845	1,218	1,395	1,858	2,340
Cash & equivalents	—	37	25	26	52	61	93	170	85	128	245	225	260	257	194	469	509

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 10 periods

	FY15‡	FY16‡	FY17‡	FY18‡	FY19‡	FY21‡	FY22	FY23	FY24	FY26
Cash from operations	230	215	118	254	258	357	298	656	1,406	621
Cash from investing	-149	-149	-170	-174	-198	-251	-303	-519	-726	-1,164
Cash from financing	-177	-66	53	-53	-52	-26	-45	118	-370	209
Capex	—	—	174	224	253	265	287	479	560	1,739
Free cash flow	—	—	-57	30	6	92	10	177	846	-1,118
Dividends paid	31	41	18	27	54	—	54	68	77	114

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹4,055 cr31%

CWIP

₹965 cr7%

Investments

₹526 cr4%

Inventories

₹2,259 cr17%

Receivables

₹2,340 cr18%

Cash & equivalents

₹509 cr4%

Other assets

₹2,507 cr19%

Peer comparison

largest in Chemicals · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Solar Industries India Ltd.	1,68,402	18,608.00	74.4	21.95	29.5%
Pidilite Industries Ltd.	1,60,821	1,579.00	59.9	14.34	23.9%
SRF Ltd.	72,931	2,460.40	143.2	4.77	3.3%
Linde India Ltd.	58,496	6,859.00	755.3	13.33	1.8%
Coromandel International Ltd.	53,808	1,824.00	31.8	428.48	1349.1%
Gujarat Fluorochemicals Ltd.	51,320	4,665.50	75.6	6.12	8.1%
Fertilisers and Chemicals Travancore Ltd.	48,546	750.25	—	35.30	-3.1%
Navin Fluorine International Ltd.	46,221	9,010.00	50.8	10.36	20.4%
UPL Ltd.	45,199	534.90	23.9	1.30	5.4%
Himadri Speciality Chemical Ltd.	28,669	568.15	33.5	5.58	16.6%

StoxGud checklist: Bullish setup · 7/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-7.2%

6 months+17.1%

1 year+33.3%

3Y CAGR+49.3%

5Y CAGR+49.7%

10Y CAGR+39.4%

50-day avg₹19,884.24

200-day avg₹17,053.51

RSI (14)37

Long-term financials (FY12–FY14)

from published annual reports

Year	Revenue	Profit before tax	Net profit
FY14	₹90,403 Cr	₹10,265 Cr	₹8,384 Cr
FY13	₹88,699 Cr	₹8,529 Cr	₹7,582 Cr
FY12	₹72,375 Cr	₹7,918 Cr	₹6,089 Cr

Years before FY17 follow the older Indian GAAP standard, so they are not exactly comparable with recent years.

Compare Solar Industries India Ltd. with

Solar Industries India vs Pidilite Industries Solar Industries India vs SRF Solar Industries India vs Linde India Solar Industries India vs Coromandel International

FAQs

What is the share price of Solar Industries India Ltd.?

Solar Industries India Ltd. (SOLARINDS) closed at ₹18,608.00 on NSE on 06 Nov 2026.

What is the market cap of Solar Industries India Ltd.?

₹1,68,402 crore at the latest close.

What is the P/E ratio of Solar Industries India Ltd.?

74.4, on trailing-twelve-month earnings from its filings.

How fast is Solar Industries India Ltd. growing?

Solar Industries India Ltd.: revenue has compounded at 35.6% a year over three years; net profit at 56.1% a year. Latest-quarter revenue is up 69.0% year on year, profit up 78.9%.

How profitable is Solar Industries India Ltd.?

On a trailing-twelve-month basis return on equity is 29.5%, return on capital employed 35.7%, operating margin 27.8%, net margin 17.7%.

How much debt does Solar Industries India Ltd. have?

Solar Industries India Ltd. is lightly geared: debt to equity is 0.22 with borrowings of ₹1,705 cr against cash of ₹509 cr (balance sheet of 2026-09-30). Operating profit covers interest 19.4 times.

Financials parsed from Solar Industries India Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.