Solar Industries India Limited

Web: solargroup.com NSE: SOLARINDS BSE: 532725 SECTOR: Chemicals - Chemicals & Petrochemicals | Add Note | View Notes

19259 544(-3%)

Volume

96k as on 16, Oct

Open

19,970

High

19,990

Low

19,810

19,803

VWAP

20,044

52 Week High

22,700

52 Week Low

11,646

Viand Research Rating

Quality Score

96/100

Growth Score

90/100

Valuation Score

25/100

Momentum Score

45/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

1,74,275

No. of Shares

9.05

P/E

89.36

P/B

37.05

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

26.01

ROCE

Profit Growth

Listing Date

03-Apr-06

Rank/Sector Rank

#49/#1

Promoter Holding

73.15%

FII Holding

6.39%

DII Holding

13.36%

Price Chart

Price Performance

1 Week0%

1 Month6%

3 Months9%

6 Months33%

1 Year42%

YTD64%

Moving Average

5 Day SMA20,094

10 Day SMA20,000

20 Day SMA19,678

30 Day SMA20,163

50 Day SMA19,998

61 Day SMA19,721

80 Day SMA19,383

200 Day SMA16,606

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	20,531	19,976	20,398	20,558
Resistance 2	20,398	19,939	20,246	20,411
Resistance 1	20,132	19,903	20,151	20,158
Pivot Point	19,999	19,866	19,999	20,012
Support 1	19,733	19,829	19,847	19,760
Support 2	19,600	19,793	19,752	19,613
Support 3	19,334	19,756	19,600	19,360

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	SOLARINDS	1,74,275	19259	0%	6%	33%	42%	89	47.8	0.24	1737
2	PIDILITIND	1,51,243	1485	1%	3%	13%	2%	62	47.8	0.04	2471
3	SRF	68,326	2305	2%	0%	1%	22%	0	47.8	0.36	1835
4	COROMANDEL	52,671	1785	3%	9%	15%	19%	0	47.8	0.12	1898
5	LINDEINDIA	50,113	5876	3%	2%	14%	1%	0	47.8	0.02	551
6	FLUOROCHEM	47,796	4351	2%	3%	30%	18%	0	47.8	0.35	574
7	FACT	45,392	702	1%	2%	16%	17%	0	47.8	2.95	-40
8	UPL	43,433	514	9%	3%	19%	21%	0	47.8	0.68	2220
9	NAVINFLUOR	41,152	8023	2%	0%	31%	58%	0	47.8	0.01	488
10	PIIND	31,906	2103	3%	3%	30%	38%	0	47.8	0.01	1435
Load More

Shareholding Pattern (%)

	Jun 2026	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	Jun 2022	Mar 2022	Dec 2021	Sep 2021
Promoters	(0.01) 73.15%	(0.01) 73.15%	(0.01) 73.15%	(0.01) 73.15%	(0.01) 73.15%	(0.01) 73.15%	(0.01) 73.15%	(0.01) 73.15%	(0.01) 73.15%	(0.01) 73.15%	(0.01) 73.15%	(0.01) 73.15%	(0.01) 73.15%	(0.01) 73.15%	(0.01) 73.15%	(0.01) 73.15%	(0.01) 73.15%	(0.01) 73.15%	(0.01) 73.15%	(0.01) 73.15%
FIIs	(-0.21) 6.39%	(-0.21) 6.59%	(-0.41) 6.74%	(0.31) 7.11%	(1.01) 6.79%	(-1.41) 5.82%	(-0.31) 7.23%	(0.01) 7.53%	(1.51) 7.56%	(0.21) 6.10%	(0.01) 5.90%	(0.11) 5.89%	(-0.81) 5.79%	(-0.11) 6.63%	(0.11) 6.72%	(0.01) 6.64%	(0.41) 6.63%	(-0.11) 6.28%	(0.61) 6.37%	(0.01) 5.81%
DIIs	(0.51) 13.36%	(0.01) 12.89%	(0.01) 12.91%	(-0.71) 12.90%	(-0.51) 13.59%	(1.31) 14.10%	(0.11) 12.78%	(-0.11) 12.68%	(-1.81) 12.74%	(-0.51) 14.52%	(-0.21) 15.05%	(0.21) 15.24%	(0.71) 15.01%	(-0.11) 14.32%	(-0.21) 14.45%	(-0.11) 14.60%	(-0.41) 14.73%	(-0.31) 15.16%	(-0.81) 15.43%	(0.01) 16.19%
Public	7.10%	7.35%	7.20%	6.84%	6.47%	6.92%	6.82%	6.64%	6.54%	6.22%	5.88%	5.71%	6.04%	5.91%	5.67%	5.61%	5.50%	5.41%	5.05%	4.85%
No. of Shareholders	116,877	115,917	113,869	105,014	97,712	95,380	83,959	78,402	72,853	64,377	57,926	50,103	51,199	51,943	49,247	39,404	31,872	28,759	33,496	25,070

Quarterly Results

	Jun 2026	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	Jun 2022	Mar 2022	Dec 2021	Sep 2021	Jun 2021
Sales	3668	3053	2548	2082	2154	2167	1973	1716	1685	1611	1429	1347	1682	1929	1812	1567	1616	1317	1018	788	825
Sales Growth % (YoY)	70%	41%	29%	21%	28%	35%	38%	27%	-	-16%	-21%	-14%	4%	46.4%	78%	98.9%	95.8%	66.4%	57.6%	34.1%	68%
Sales Growth % (QoQ)	20.1%	19.8%	22.4%	-3.3%	-0.6%	9.8%	15%	1.8%	4.6%	12.7%	6.1%	-19.9%	-12.8%	6.5%	15.6%	-3%	22.7%	29.4%	29.2%	-4.5%	-
Expenses	2653	2227	1840	1530	1620	1629	1447	1271	1235	1257	1074	1012	1359	1571	1462	1268	1333	1054	840	656	651
Operating Profit	1015	826	708	552	535	537	527	445	449	354	355	335	323	357	350	299	283	263	178	132	175
OPM %	28	27	28	26	25	25	27	26	27	22	25	25	19	19	19	19	18	20	17	17	21
Other Income	17	46	25	29	29	7	10	36	26	20	11	8	8	11	7	4	9	1	7	11	1
Interest	41	41	34	31	27	29	31	30	27	32	28	25	25	31	25	19	14	15	13	12	10
Depreciation	80	71	63	61	56	50	47	44	40	37	39	34	34	35	32	30	31	30	27	27	25
Profit before tax	911	759	636	490	481	464	459	407	408	305	299	285	272	302	299	254	247	219	144	104	140
Tax %	27	27	27	26	27	25	26	25	26	21	26	27	26	27	27	26	26	20	27	28	28
Net Profit	666	556	467	361	353	346	338	304	301	243	222	209	202	221	219	189	183	175	105	75	101
Net Profit Growth % (QoQ)	19.8%	19.1%	29.4%	2.3%	2%	2.4%	11.2%	1%	23.9%	9.5%	6.2%	3.5%	-8.6%	0.9%	15.9%	3.3%	4.6%	66.7%	40%	-25.7%	-
Net Profit Growth % (YoY)	88.7%	60.7%	38.2%	18.8%	17.3%	42.4%	52.3%	45.5%	49%	10%	1.4%	10.6%	10.4%	26.3%	108.6%	152%	81.2%	-	-	-	-
TTM Net Profit	2050	1737	1527	1398	1341	1289	1186	1070	975	876	854	851	831	812	766	652	538	456	281	176	0
EPS in Rs	72.11	60.52	49.31	38.12	37.43	35.61	34.8	31.59	31.66	25.98	22.47	22.12	21.82	22.78	22.61	19.49	18.81	18.55	11.28	8.15	10.78

Profit and Loss

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Sales	9838	7540	6070	6918	3948	2516	2237	2462	1916	1580	1449	1276	1073	1053
Sales Growth %	30.5%	24.2%	-12.3%	75.3%	56.9%	12.4%	-9.1%	28.5%	21.3%	9.1%	13.5%	18.9%	2%	15.7%
Expenses	7120	5514	4588	5582	3199	2001	1803	1960	1505	1256	1144	1022	868	870
Operating Profit	2717	2026	1482	1336	748	515	434	502	412	324	304	254	205	183
OPM %	28	27	24	19	19	20	19	20	21	20	21	20	19	17
Other Income	33	10	-68	-16	19	21	41	9	12	13	13	-2	1	4
Interest	134	116	109	90	50	45	55	50	33	27	20	18	20	18
Depreciation	251	182	143	128	109	94	85	59	51	39	33	31	22	17
Profit before tax	2365	1739	1161	1102	607	397	336	402	340	271	264	203	164	152
Tax %	27	26	25	26	25	27	17	31	31	28	33	23	21	17
Net Profit	1737	1288	875	811	455	288	279	277	234	195	178	156	130	126
Net Profit Growth %	34.9%	47.2%	7.9%	78.2%	58%	3.2%	0.7%	18.4%	20%	9.6%	14.1%	20%	3.2%	-
EPS in Rs	185.38	133.65	92.38	83.68	48.77	30.54	29.55	28.91	24.37	20.61	18.08	16.29	13.09	12.85
Dividend Payout %	6	7	9	10	15	20	20	24	25	24	25	21	0	17

Cash Flows

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Cash from Operating Activity	621	2468	1406	656	298	357	325	314	254	118	243	230	170	113
Cash from Investing Activity	-951	-1660	-1022	-614	-338	-253	-260	-254	-174	-170	-141	-149	-161	-155
Cash from Financing Activity	209	-476	-370	118	-45	-26	-34	-52	-53	53	-92	-177	31	72
Net Cash Flow	-121	331	14	160	-85	77	32	9	27	0	11	-96	41	29

Balance Sheet

	Mar 2026	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Equity Capital	18	18	18	18	18	18	18	18	18	18	18	18	18	18	18	18
Reserves	6259	5098	4395	3776	3288	2592	1896	1561	1362	1220	1066	910	787	758	643	555
Borrowings	1524	876	975	1198	1138	1195	888	808	708	603	518	501	398	371	484	372
Other Liabilities	2931	3025	2754	1685	1134	1104	827	572	393	411	387	292	309	243	207	163
Total Liabilities	10733	9017	8142	6678	5577	4909	3629	2959	2481	2253	1988	1722	1512	1389	1352	1108
Fixed Assets	4006	3240	2729	2336	2028	1702	1493	1288	1209	1043	923	777	703	585	491	372
CWIP	731	790	707	560	490	282	230	293	165	178	107	91	30	61	81	61
Investments	183	278	676	192	370	99	18	1	2	33	17	53	40	37	25	49
Other Assets	5813	4709	4030	3589	2690	2826	1888	1378	1105	1000	940	801	739	706	755	626
Total Assets	10733	9017	8142	6678	5577	4909	3629	2959	2481	2253	1988	1722	1512	1389	1352	1108

Delivery

Delivery Data: SOLARINDS

#	Date	18480 23% 22700	Value (Cr)	Q/T 5	Del 35	Del 447
1	21-Oct	19259	294	4	49	144
2	19-Oct	19803	182	3	44	81
3	16-Oct	20011	193	4	45	86
4	15-Oct	19866	266	5	48	127
5	14-Oct	20170	234	4	41	96
6	13-Oct	20087	193	4	35	68
7	12-Oct	20334	256	4	36	91
8	9-Oct	20000	187	3	39	73
9	8-Oct	19870	265	4	43	113
10	7-Oct	20050	317	4	42	134
11	6-Oct	20071	352	5	36	128
12	5-Oct	19540	223	4	40	88
13	1-Oct	19400	393	5	36	141
14	30-Sep	19700	591	5	38	224
15	29-Sep	18650	433	5	52	226
16	28-Sep	19150	308	4	46	140
17	25-Sep	19745	237	3	32	77
18	24-Sep	19480	237	4	27	64
19	23-Sep	19730	633	6	43	275
20	22-Sep	19890	788	6	40	316
21	21-Sep	19265	413	5	34	142
22	18-Sep	18555	383	5	46	177
23	17-Sep	18815	405	5	32	131
24	16-Sep	18900	989	5	27	268
25	15-Sep	19250	2631	7	33	858
26	11-Sep	22290	333	4	47	156
27	10-Sep	22370	131	4	40	53
28	9-Sep	22355	211	5	52	110
29	8-Sep	22455	485	5	37	180
30	7-Sep	21950	498	5	35	174
31	4-Sep	21445	274	5	40	110
32	3-Sep	21500	1032	6	38	391
33	2-Sep	20600	282	5	43	121
34	1-Sep	20060	189	4	48	90
35	31-Aug	20108	204	4	50	101
36	28-Aug	20400	264	6	49	128
37	27-Aug	20580	394	5	33	129
38	26-Aug	20097	195	5	44	85
39	25-Aug	19800	114	3	32	36
40	24-Aug	19925	136	4	32	43
41	21-Aug	19900	178	4	32	56
42	20-Aug	19760	185	4	32	59
43	19-Aug	19721	389	5	38	147
44	18-Aug	20280	360	5	34	124
45	17-Aug	20000	309	4	25	78
46	14-Aug	19969	970	4	17	166
47	13-Aug	20324	1385	5	20	275

Daily Market Cap

Date	Total Market Cap	Change	Chg %
21-Oct	1,74,275c	4,923c	2.75
19-Oct	1,79,198c	1,882c	1.04
17-Oct	1,81,080c	0	0
16-Oct	1,81,080c	1,312c	0.73
15-Oct	1,79,768c	3,855c	2.10
14-Oct	1,83,622c	1,855c	1.02
13-Oct	1,81,767c	2,235c	1.21
12-Oct	1,84,003c	4,307c	2.40
09-Oct	1,79,695c	109c	0.06
08-Oct	1,79,804c	3,945c	2.24
05-Oct	1,75,858c	471c	0.27
01-Oct	1,75,388c	3,593c	2.09
29-Sep	1,71,795c	1,493c	0.86
28-Sep	1,73,289c	4,660c	2.62
25-Sep	1,77,949c	1,086c	0.61
24-Sep	1,79,035c	950c	0.53
22-Sep	1,79,985c	9,773c	5.74
17-Sep	1,70,212c	32,622c	16.08
10-Sep	2,02,834c	3,212c	1.61
07-Sep	1,99,621c	0	0

Stock Checklist

Price is above from 52 week high low average: 69%

Stock is trading above all short term SMAs: YES

Stock is trading above all long term SMAs: YES

Stock is Consistently Improving Long Term: YES

FII purchased in last quarter: NO

Promoters are buying the stock: NO

Mutual Fund Holdings

Held by 496 fund scheme(s) across 46 fund house(s) as of Oct26 · Total value ₹41,842 Cr · 272 increasing / 127 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
SBI Mutual Fund	24	2.75%	+0.10%	13508.3
Kotak Mahindra Mutual Fund	32	1.82%	+0.08%	9216.5
Axis Mutual Fund	36	1.29%	+0.12%	4070.7
HDFC Mutual Fund	24	2.46%	-0.38%	2992.1
Motilal Oswal Mutual Fund	22	3.98%	+0.85%	2547.6
Canara Robeco Mutual Fund	16	1.39%	-0.01%	1911.9
Edelweiss Mutual Fund	33	1.20%	+0.05%	1543.1
UTI Mutual Fund	16	1.18%	+0.09%	999.5
ICICI Prudential Mutual Fund	16	0.55%	-	904.1
Tata Mutual Fund	14	1.46%	+0.01%	700.5
PGIM India Mutual Fund	24	1.42%	+0.12%	611.3
Aditya Birla Sun Life Mutual Fund	8	1.29%	-0.09%	533.1
Mahindra Manulife Mutual Fund	6	1.25%	+0.77%	328.3
WhiteOak Capital Mutual Fund	22	0.50%	-0.18%	318.9
Union Mutual Fund	30	1.22%	+0.02%	300.1
DSP Mutual Fund	8	1.16%	+0.11%	271.1
ITI Mutual Fund	14	1.64%	-0.19%	261.7
Baroda BNP Paribas Mutual Fund	10	0.85%	-	190
LIC Mutual Fund	14	3.20%	+0.29%	174.4
Bandhan Mutual Fund	20	0.48%	+0.03%	116.5
ICICI Prudential Asset Management Company Limited	1	0.39%	-0.12%	79.5
Navi Mutual Fund	6	1.88%	+0.04%	52.2
360 ONE Mutual Fund	2	3.30%	+0.17%	51.1
Samco Mutual Fund	10	1.97%	+0.78%	45.3
Mirae Asset Mutual Fund	10	0.24%	-0.09%	36.1
The Wealth Company Mutual Fund	6	1.74%	-0.47%	19.4
Bajaj Finserv Mutual Fund	6	0.66%	-0.37%	17.5
Invesco Mutual Fund	2	0.03%	-0.32%	16.5
Jio BlackRock Mutual Fund	3	0.43%	+0.17%	15.1
Groww Mutual Fund	8	0.96%	+2.94%	8.7
JM Financial Mutual Fund	2	1.19%	+0.09%	8.5
PPFAS Mutual Fund	4	0.18%	+0.01%	7.8
Bank of India Mutual Fund	2	1.63%	-	7.4
HSBC Mutual Fund	2	1.97%	+0.03%	7.2
PGIM India Asset Management Private Limite	2	1.03%	+0.04%	6.9
Franklin Templeton Mutual Fund	4	0.14%	+3.89%	5
Taurus Mutual Fund	4	1.35%	+0.96%	3.6
Zerodha Mutual Fund	3	0.19%	+0.01%	3.5
NJ Mutual Fund	4	0.05%	-0.01%	3.4
Angel One Mutual Fund	4	1.47%	+0.25%	2.8
Sundaram Mutual Fund	2	0.97%	-0.14%	2.7
Choice Mutual Fund	2	1.95%	+0.15%	0.8
Unifi Mutual Fund	2	0.03%	+0.03%	0.8
Trust Mutual Fund	4	0.00%	-0.94%	0
Helios Mutual Fund	4	0.00%	-1.73%	0
Nippon India Mutual Fund	8	-0.24%	+0.07%	-59.3

Solar Industries India Limited

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