Shares of Solar Industries India gained 2.14% to trade at Rs 14,904.00 in Wednesday’s session. The stock is a constituent of the Nifty Midcap 150 index.
Financial Snapshot:
The following table summarizes the key financial figures for Solar Industries India:
| Financial Year | Revenue (Rs Crore) | Net Profit (Rs Crore) | EPS | BVPS | ROE | Debt to Equity |
|---|---|---|---|---|---|---|
| 2021 | 2,515.63 | 288.07 | 30.54 | 181.45 | 17.49 | 0.40 |
| 2022 | 3,947.61 | 455.47 | 48.77 | 222.64 | 23.05 | 0.45 |
| 2023 | 6,922.53 | 811.44 | 83.68 | 303.94 | 29.00 | 0.45 |
| 2024 | 6,069.52 | 874.88 | 92.38 | 378.70 | 25.28 | 0.33 |
| 2025 | 7,540.26 | 1,282.38 | 133.65 | 484.68 | 27.57 | 0.21 |
The revenue for the year 2025 increased by approximately 24.23% compared to 2024, rising from Rs 6,069.52 Crore to Rs 7,540.26 Crore. Net profit also saw a significant increase, jumping by 46.58% from Rs 874.88 Crore in 2024 to Rs 1,282.38 Crore in 2025. EPS increased from Rs 92.38 in 2024 to Rs 133.65 in 2025.
Quarterly Financials:
| Quarter | Revenue (Rs Crore) | Net Profit (Rs Crore) | EPS |
|---|---|---|---|
| Jun 2024 | 1,694.78 | 298.47 | 31.66 |
| Sep 2024 | 1,715.83 | 298.68 | 31.59 |
| Dec 2024 | 1,973.08 | 336.54 | 34.80 |
| Mar 2025 | 2,166.55 | 348.69 | 35.61 |
| Jun 2025 | 2,154.45 | 352.56 | 37.43 |
The company’s revenue for the quarter-ending June 2025 stood at Rs 2,154.45 Crore, slightly lower compared to the quarter-ending March 2025, which saw revenue of Rs 2,166.55 Crore. The net profit for the quarter-ending June 2025 was Rs 352.56 Crore, an increase from Rs 348.69 Crore in the previous quarter. EPS for the quarter-ending June 2025 was Rs 37.43, up from Rs 35.61 in the quarter-ending March 2025.
Income Statement (Yearly):
| Sales | 7,540 | 6,069 | 6,922 | 3,947 | 2,515 |
| Other Income | 70 | 44 | 31 | 19 | 21 |
| Total Income | 7,611 | 6,113 | 6,954 | 3,967 | 2,537 |
| Total Expenditure | 5,761 | 4,843 | 5,761 | 3,250 | 2,094 |
| EBIT | 1,849 | 1,270 | 1,192 | 716 | 442 |
| Interest | 116 | 109 | 90 | 109 | 45 |
| Tax | 450 | 286 | 290 | 151 | 109 |
| Net Profit | 1,282 | 874 | 811 | 455 | 288 |
Income Statement (Quarterly):
| Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | |
|---|---|---|---|---|---|
| Sales | 2,154 | 2,166 | 1,973 | 1,715 | 1,694 |
| Other Income | 29 | 6 | 9 | 30 | 24 |
| Total Income | 2,183 | 2,173 | 1,982 | 1,746 | 1,719 |
| Total Expenditure | 1,675 | 1,677 | 1,493 | 1,314 | 1,285 |
| EBIT | 508 | 495 | 488 | 431 | 433 |
| Interest | 27 | 28 | 30 | 29 | 27 |
| Tax | 128 | 118 | 121 | 103 | 107 |
| Net Profit | 352 | 348 | 336 | 298 | 298 |
Cash Flow:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Operating Activities | 2,467 | 1,406 | 656 | 297 | 356 |
| Investing Activities | -1,593 | -726 | -518 | -303 | -250 |
| Financing Activities | -476 | -370 | 118 | -45 | -26 |
| Others | -66 | -294 | -95 | -34 | -2 |
| Net Cash Flow | 331 | 14 | 160 | -85 | 77 |
Balance Sheet:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Share Capital | 18 | 18 | 18 | 18 | 18 |
| Reserves & Surplus | 4,368 | 3,287 | 2,592 | 1,896 | 1,561 |
| Current Liabilities | 2,113 | 1,501 | 1,632 | 1,117 | 819 |
| Other Liabilities | 1,761 | 930 | 793 | 692 | 630 |
| Total Liabilities | 8,261 | 5,737 | 5,036 | 3,724 | 3,029 |
| Fixed Assets | 3,288 | 2,487 | 1,973 | 1,713 | 1,570 |
| Current Assets | 4,126 | 2,648 | 2,501 | 1,663 | 1,225 |
| Other Assets | 846 | 601 | 561 | 347 | 233 |
| Total Assets | 8,261 | 5,737 | 5,036 | 3,724 | 3,029 |
| Contingent Liabilities | 449 | 190 | 218 | 53 | 55 |
Key Financial Ratios:
| 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 /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 |
Corporate Actions
The company announced the transcript of Conference call with reference to the Unaudited Financial Results for the quarter ended June 30, 2025 with the management of the Company on August 11, 2025. Additionally, the audio recording of the earning conference call of Unaudited Financial Results of the Company for the quarter ended June 30, 2025, was announced on August 8, 2025. The submission of Newspaper clippings for the Unaudited Financial Result for the quarter ended on June 30, 2025, was announced on August 8, 2025.
Solar Industries India announced a final dividend of Rs 10 per share (500%) on May 20, 2025, with an effective date of July 8, 2025. Prior to this, a final dividend of Rs 8.50 per share (425%) was announced on May 16, 2024, effective from July 4, 2024.
The company had a stock split, where the face value changed from Rs 10 to Rs 2. The ex-split date for this corporate action was July 13, 2016.
