Chemicals · NIFTY 500
Solar Industries India Limited
₹19,276.00 +305.00 (+1.61%) Updated 12 Nov, 8:49 pm IST
Today
- Open
- ₹19,044.00
- Prev close
- ₹18,971.00
- Day high
- ₹19,359.00
- Day low
- ₹18,900.00
- Volume
- 1.06 L
- Value traded
- ₹204.71 Cr
- Upper circuit
- ₹19,742.00
- Lower circuit
- ₹18,592.00
- 52W high
- ₹22,700.00
- 52W low
- ₹11,646.00
- 1 month
- -6.35%
- 6 months
- +14.42%
Ratios
Key numbers
Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.
Quarterly results
Results for each quarter
Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.
Revenue and net profit
Revenue · QoQ (vs last quarter)
Revenue · YoY (vs a year ago)
Net profit · QoQ (vs last quarter)
Net profit · YoY (vs a year ago)
EPS (₹) · YoY (vs a year ago)
| ₹ Cr | Dec 23 | Mar 24 | Jun 24 | Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,429 | 1,611 | 1,695 | 1,716 | 1,973 | 2,167 | 2,154 | 2,082 | 2,548 | 3,053 | 3,668 | 3,519 |
| Other income | 10.9 | 17.7 | 24.3 | 30.5 | 9.5 | 6.6 | 29.3 | 29.2 | 25.1 | 44.5 | 8.5 | 15.4 |
| Total income | 1,440 | 1,628 | 1,719 | 1,746 | 1,983 | 2,173 | 2,184 | 2,111 | 2,573 | 3,097 | 3,677 | 3,534 |
| Raw material | 635 | 745 | 814 | 641 | 885 | 927 | 995 | 908 | 1,116 | 1,435 | 1,787 | 1,605 |
| Purchases | 130 | 48.9 | 96.6 | 253 | 130 | 186 | 122 | 122 | 159 | 165 | 105 | 178 |
| Employee cost | 111 | 119 | 131 | 145 | 151 | 174 | 184 | 195 | 214 | 253 | 256 | 266 |
| Other expenses | 210 | 309 | 244 | 283 | 267 | 288 | 341 | 347 | 385 | 453 | 540 | 571 |
| Total expenses | 1,140 | 1,326 | 1,313 | 1,344 | 1,524 | 1,706 | 1,703 | 1,621 | 1,937 | 2,339 | 2,774 | 2,656 |
| Operating profit | 356 | 354 | 449 | 445 | 527 | 540 | 535 | 552 | 708 | 826 | 1,015 | 1,006 |
| OPM % | 24.9% | 22.0% | 26.5% | 25.9% | 26.7% | 24.9% | 24.8% | 26.5% | 27.8% | 27.1% | 27.7% | 28.6% |
| Finance cost | 28.3 | 31.5 | 27.5 | 29.7 | 30.5 | 28.8 | 27.4 | 30.9 | 34.4 | 41.3 | 41.3 | 55.4 |
| Depreciation | 38.6 | 37.0 | 40.0 | 43.6 | 47.4 | 50.5 | 56.0 | 60.6 | 62.9 | 71.4 | 79.7 | 88.0 |
| Exceptional items | — | — | — | — | — | — | 0.1 | -0.9 | — | — | — | — |
| Profit before tax | 300 | 303 | 406 | 402 | 458 | 467 | 481 | 490 | 636 | 758 | 903 | 878 |
| Tax | 77.0 | 62.7 | 108 | 103 | 122 | 118 | 128 | 128 | 169 | 203 | 245 | 227 |
| Net profit | 222 | 243 | 301 | 304 | 338 | 346 | 353 | 362 | 467 | 556 | 666 | 650 |
| Profit to shareholders | 203 | 0.0 | 286 | 7.8 | 315 | 322 | 339 | 345 | 446 | 548 | 653 | 617 |
| EPS (₹) | 22.47 | 25.98 | 31.66 | 31.59 | 0.00 | 35.61 | 37.43 | 38.12 | 49.31 | 60.52 | 72.11 | 68.19 |
Profit & loss
Results for each year
8 financial years (April to March), consolidated, ₹ crore.
Sales, operating profit and net profit
Revenue · YoY (vs a year ago)
Net profit · YoY (vs a year ago)
| ₹ Cr | FY18 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,951 | 2,237 | 2,516 | 3,948 | 6,923 | 6,070 | 7,540 | 9,838 |
| Other income | 12.1 | 41.1 | 21.4 | 19.7 | 31.5 | 44.5 | 70.8 | 128 |
| Total expenses | 1,624 | 1,943 | 2,140 | 3,360 | 5,852 | 4,953 | 5,878 | 7,601 |
| Employee cost | 133 | 207 | 231 | 290 | 353 | 433 | 600 | 845 |
| Operating profit | 412 | 434 | 515 | 747 | 1,289 | 1,369 | 1,960 | 2,622 |
| OPM % | 21.1% | 19.4% | 20.5% | 18.9% | 18.6% | 22.6% | 26.0% | 26.7% |
| Finance cost | 32.7 | 55.0 | 45.4 | 50.3 | 90.4 | 109 | 117 | 134 |
| Depreciation | 51.3 | 84.5 | 93.5 | 109 | 128 | 143 | 182 | 251 |
| Profit before tax | 340 | 336 | 397 | 607 | 1,102 | 1,161 | 1,733 | 2,365 |
| Tax | 106 | 57.1 | 109 | 152 | 290 | 286 | 451 | 629 |
| Tax rate % | 31.2% | 17.0% | 27.5% | 25.0% | 26.4% | 24.6% | 26.0% | 26.6% |
| Net profit | 234 | 279 | 288 | 455 | 811 | 875 | 1,288 | 1,737 |
| Profit to shareholders | 221 | 267 | 276 | 441 | 757 | 0.0 | 1,209 | 1,678 |
| Net margin % | 11.3% | 12.0% | 11.0% | 11.2% | 10.9% | 0.0% | 16.0% | 17.1% |
| EPS (₹) | 25.81 | 5.52 | 30.54 | 48.77 | 83.68 | 92.38 | 133.65 | 185.39 |
Balance sheet
Assets and debt
At each year end (and the latest half year), ₹ crore.
Equity, debt and assets
Shareholders' equity · YoY (vs a year ago)
| ₹ Cr | Mar 23 | Mar 24 | Mar 25 | Mar 26 | Sep 26 |
|---|---|---|---|---|---|
| Shareholders' equity | 2,610 | 3,306 | 4,386 | 6,277 | 7,673 |
| Long-term borrowings | 473 | 584 | 394 | 820 | 1,013 |
| Short-term borrowings | 697 | 521 | 546 | 647 | 692 |
| Total borrowings | 1,169 | 1,105 | 940 | 1,468 | 1,705 |
| Current liabilities | 1,632 | 1,501 | 2,114 | 2,449 | 3,025 |
| Fixed assets (PPE) | 1,614 | 1,919 | 2,470 | 3,716 | 4,055 |
| Inventories | 1,098 | 847 | 1,040 | 1,742 | 2,259 |
| Trade receivables | 825 | 845 | 1,239 | 1,858 | 2,340 |
| Cash & equivalents | 245 | 260 | 590 | 469 | 509 |
| Current assets | 2,501 | 2,657 | 4,123 | 5,037 | 6,069 |
| Total assets | 5,036 | 5,737 | 8,261 | 10,919 | 13,163 |
| Debt / equity | 0.45 | 0.33 | 0.21 | 0.23 | 0.22 |
Cash flow
Cash coming in and going out
For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.
Operating, investing and financing cash
Operations · YoY (vs a year ago)
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 298 | 656 | 1,406 | 2,468 | 621 |
| Cash from investing | -303 | -519 | -726 | -1,593 | -1,164 |
| Cash from financing | -45.4 | 118 | -370 | -476 | 209 |
| Spent on fixed assets | -287 | -479 | -560 | -1,006 | -1,739 |
| Free cash flow | 10.4 | 177 | 846 | 1,462 | -1,118 |
| Net cash flow | -50.7 | 256 | 309 | 398 | -334 |
Shareholding
Who holds the shares
Promoter and public holding at each quarter end, as filed with NSE.
Holding over time
Latest (30 Sep 2026)
- Promoter & group
- 73.15%
- Public (FIIs, mutual funds, retail…)
- 26.85%
- Promoter change, last quarter
- 0.00 pts
Dividends & news
Latest dividends and announcements
Dividends & corporate actions
- Dividend - Rs 11 Per Share
- Annual General Meeting/Dividend - Rs 10 Per Share
- Annual General Meeting/Dividend - Rs 8.50 Per Share
- Annual General Meeting/Dividend - Rs 8 Per Share
- Annual General Meeting/ Dividend - Rs 7.50 Per Share
- Annual General Meeting/Dividend - Rs 6 Per Share
- Annual General Meeting/Dividend - Rs 6 Per Share
- Annual General Meeting/ Dividend - Rs 7 Per Share
Board meetings
- the financial results for the period ended September 30, 2026
- Solar Industries India Limited has informed the Exchange about Board Meeting to be held on 03-Nov-2026 to inter-alia consider and approve the Unaudit…
- Solar Industries India Limited has informed the Exchange about Board Meeting to be held on 13-Aug-2026 to inter-alia consider and approve the Unaudit…
- the Yearly Audited Financial results of the Company for the period ended March 2026 and Dividend.
- the financial results for the period ended March 31, 2026 and dividend
Filings with NSE
- Analysts/Institutional Investor Meet/Con. Call Updates
- Analysts/Institutional Investor Meet/Con. Call Updates
- Copy of Newspaper Publication
- Change in Auditors
- Investor Presentation
- Press Release
- Integrated Filing- Financial
Latest news
Solar Industries India (NSEI:SOLARINDS) - Stock AnalysisSimply Wall St · 9 Nov, 1:32 pmSolar Ind soars 5%, stock up 79% from Mar low; market cap nears ₹2 trillionBusiness Standard · 3 Sep, 12:30 pmSolar Industries India shares rally 5% to hit 52-week high; here's whyUpstox · 3 Sep, 12:30 pmSolar Industries India shares gain 2.10% to trade at Rs 19,124Moneycontrol.com · 13 Aug, 12:30 pmWhy Solar Industries Share Price is RisingEquitymaster · 3 Sep, 12:30 pmIndian billionaire wins 99.97% backing for $1.3 billion takeover that could end South African industrial giant’s 46-year JSE runBusiness Insider Africa · 10 Nov, 11:53 amSolar Industries India Share Price up today: price actionUnivest · 12 Oct, 12:30 pmBest Solar Energy Stocks to Buy in IndiaGroww · 20 Apr, 12:30 pmAbout
About Solar Industries India Limited
Solar Industries India Limited is listed on the NSE under the symbol SOLARINDS and belongs to the Chemicals sector.
Company details
- Company name
- Solar Industries India Limited
- NSE symbol
- SOLARINDS
- BSE scrip code
- 532725
- ISIN
- INE343H01029
- Listed on
- NSE, BSE
- Series
- EQ (normal equity)
- Listed on NSE since
- 3 Apr 2006
- Face value
- ₹2 per share
- Market lot
- 1 share
- Shares issued
- 9.05 crore
- Index
- NIFTY 500
- Sector (NSE)
- Chemicals
- Industry
- Industrial Specialties
- Managing director / CEO
- Manish Satyanarayan Nuwal
- Chair
- Satyanarayan Nandlal Nuwal
- Headquarters
- Nagpur, IN
- Registered address
- "Solar" House,14, Kachimet, Amravati Road, Nagpur - 440023
- Founded
- 1995
- Employees
- 7,446
- Financial year
- April to March
- Results basis
- Consolidated
- Website
- solargroup.com
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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.