Solar Financials
NSE: SOLARINDS | BSE: 532725
₹22,455.00
₹505.00
(2.30%)
As on 08-Sep-2026IST
Market cap
₹2,03,340 Cr
Revenue (TTM)
₹11,351 Cr
P/E Ratio
102.1
P/B Ratio
29.3
Div. Yield
0 %
Income Statement (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Operating Revenue
|
11,351.49
|
9,837.74
|
7,540.26
|
6,069.52
|
6,922.53
|
3,947.61
|
|
|
|
|
|
|
Total Income
|
11,458.73
|
9,965.72
|
7,629.32
|
6,113.99
|
6,954.05
|
3,979.97
|
|
|
|
|
|
|
Total Expenditure
|
8,249.34
|
7,215.93
|
5,598.13
|
4,700.31
|
5,633.61
|
3,213.05
|
|
|
|
|
|
|
EBITDA
|
3,102.15
|
2,621.81
|
1,942.13
|
1,369.21
|
1,288.92
|
734.56
|
|
|
|
|
|
|
Depreciation
|
274.63
|
250.87
|
181.50
|
143.38
|
128.21
|
109.25
|
|
|
|
|
|
|
EBIT
|
2,827.52
|
2,370.94
|
1,760.63
|
1,225.83
|
1,160.71
|
625.31
|
|
|
|
|
|
|
Interest
|
147.80
|
133.97
|
116.50
|
109.37
|
90.38
|
50.25
|
|
|
|
|
|
|
Other Income
|
107.24
|
127.98
|
89.06
|
44.47
|
31.52
|
32.36
|
|
|
|
|
|
|
Exceptional Items
|
--
|
--
|
--
|
--
|
--
|
--
|
|
|
|
|
|
|
Profit before Tax
|
2,786.96
|
2,365.22
|
1,738.74
|
1,161.28
|
1,101.58
|
607.42
|
|
|
|
|
|
|
Provision for Tax
|
745.53
|
628.58
|
450.81
|
286.05
|
290.41
|
151.95
|
|
|
|
|
|
|
Profit after Tax
|
2,041.43
|
1,736.64
|
1,287.93
|
875.23
|
811.17
|
455.47
|
|
|
|
|
|
|
Minority Interest
|
-58.99
|
-59.09
|
-78.49
|
-39.30
|
-53.98
|
-14.19
|
|
|
|
|
|
|
Share of Associate
|
8.96
|
--
|
--
|
--
|
--
|
--
|
|
|
|
|
|
|
Consolidated Profit
|
1,991.40
|
1,677.55
|
1,209.44
|
835.93
|
757.19
|
441.28
|
|
|
|
|
|
Liabilities (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Shareholder's Funds
|
6,277.20
|
6,277.20
|
4,413.22
|
3,305.60
|
2,610.34
|
1,914.28
|
|
|
|
|
|
|
Minority Interest
|
-58.99
|
271.70
|
160.16
|
121.65
|
140.36
|
100.63
|
|
|
|
|
|
|
Non-Current Liabilities
|
1,920.71
|
1,734.92
|
1,455.04
|
648.37
|
525.72
|
496.63
|
|
|
|
|
|
|
Current Liabilities
|
2,448.89
|
2,448.89
|
2,113.88
|
1,501.42
|
1,632.32
|
1,117.88
|
|
|
|
|
|
|
Total Liabilities
|
10,918.50
|
10,732.71
|
8,142.30
|
5,577.04
|
4,908.74
|
3,629.42
|
|
|
|
|
|
Assets (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Non-Current Assets
|
5,079.69
|
5,695.25
|
4,015.79
|
2,928.66
|
2,407.39
|
1,965.56
|
|
|
|
|
|
|
Current Assets
|
5,037.46
|
5,037.46
|
4,122.53
|
2,648.38
|
2,501.35
|
1,660.95
|
|
|
|
|
|
|
Total Assets
|
10,918.50
|
10,732.71
|
8,142.30
|
5,577.04
|
4,908.74
|
3,629.42
|
|
|
|
|
|
|
Total Debt*
|
--
|
1,467.84
|
939.59
|
1,105.23
|
1,170.50
|
866.37
|
|
|
|
|
|
|
Net Current Assets
|
2,588.57
|
2,588.57
|
2,008.65
|
1,146.96
|
869.03
|
543.07
|
|
|
|
|
|
|
Contingent Liabilities
|
--
|
15.27
|
18.61
|
21.99
|
8.03
|
8.53
|
|
|
|
|
|
Cashflow (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Cash From Operating Activities
|
--
|
620.87
|
2,467.56
|
1,406.01
|
656.48
|
297.80
|
|
|
|
|
|
|
Cash Flow from Investing Activities
|
--
|
-1,163.83
|
-1,593.21
|
-727.34
|
-518.97
|
-303.05
|
|
|
|
|
|
|
Cash from Financing Activities
|
--
|
209.46
|
-476.36
|
-370.28
|
118.16
|
-45.40
|
|
|
|
|
|
|
Net Cash Inflow / Outflow
|
--
|
-333.50
|
397.99
|
308.39
|
255.67
|
-50.65
|
|
|
|
|
|
Financials Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Adjusted EPS (₹)
|
220.07
|
185.36
|
133.64
|
92.37
|
83.67
|
48.76
|
|
|
|
|
|
|
Cash EPS (₹)
|
220.07
|
219.61
|
162.37
|
112.55
|
103.80
|
62.40
|
|
|
|
|
|
|
Adjusted Book Value (₹)
|
766.36
|
693.61
|
487.65
|
365.26
|
288.44
|
211.52
|
|
|
|
|
|
|
Dividend per Share (₹)
|
0.05
|
11.00
|
10.00
|
8.50
|
8.00
|
7.50
|
|
|
|
|
|
|
Cash Flow per Share (₹)
|
--
|
68.60
|
272.66
|
155.36
|
72.54
|
32.91
|
|
|
|
|
|
|
Free Cash Flow per Share (₹)
|
--
|
-146.84
|
141.20
|
70.64
|
-7.34
|
-3.87
|
|
|
|
|
|
Profitability Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
ROCE (%)
|
--
|
38.16
|
38.00
|
31.02
|
36.33
|
25.56
|
|
|
|
|
|
|
ROE (%)
|
34.96
|
32.49
|
33.37
|
29.59
|
35.86
|
26.07
|
|
|
|
|
|
|
ROA (%)
|
21.29
|
18.40
|
18.78
|
16.69
|
19.00
|
13.83
|
|
|
|
|
|
|
EBIT Margin (%)
|
24.91
|
24.10
|
23.35
|
20.20
|
16.77
|
15.84
|
|
|
|
|
|
|
Net Margin (%)
|
17.82
|
17.43
|
16.88
|
14.32
|
11.66
|
11.44
|
|
|
|
|
|
|
Cash Profit Margin (%)
|
--
|
20.20
|
19.49
|
16.78
|
13.57
|
14.17
|
|
|
|
|
|
Growth Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Revenue Growth (%)
|
41.72
|
30.47
|
24.23
|
-12.32
|
75.36
|
56.92
|
|
|
|
|
|
|
EBIT Growth (%)
|
52.98
|
34.66
|
43.63
|
5.61
|
85.62
|
48.50
|
|
|
|
|
|
|
Net Profit Growth (%)
|
57.84
|
34.84
|
47.15
|
7.90
|
78.10
|
58.11
|
|
|
|
|
|
|
EPS Growth (%)
|
57.84
|
38.70
|
44.68
|
10.40
|
71.59
|
59.68
|
|
|
|
|
|
|
Book Value Growth (%)
|
--
|
42.24
|
33.51
|
26.63
|
36.36
|
21.20
|
|
|
|
|
|
Valuation Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Price / Earnings
|
102.11
|
65.12
|
84.12
|
95.12
|
44.41
|
57.50
|
|
|
|
|
|
|
Price / Book Value
|
29.32
|
17.40
|
23.05
|
24.05
|
12.88
|
13.25
|
|
|
|
|
|
|
Dividend Yield (%)
|
0.05
|
0.09
|
0.09
|
0.10
|
0.22
|
0.27
|
|
|
|
|
|
|
EV/EBITDA
|
63.63
|
40.05
|
50.20
|
56.82
|
26.16
|
34.09
|
|
|
|
|
|
|
Close Price (₹)
|
18,696.00
|
12,076.00
|
11,244.00
|
8,781.75
|
3,792.50
|
2,796.50
|
|
|
|
|
|
|
High Price (₹)
|
18,880.00
|
17,820.00
|
13,300.00
|
9,449.00
|
4,538.00
|
2,938.00
|
|
|
|
|
|
|
Low Price (₹)
|
11,641.10
|
9,888.40
|
7,888.25
|
3,453.35
|
2,470.00
|
1,198.45
|
|
|
|
|
|
|
Market Cap (₹ Cr)
|
2,03,339.75
|
1,09,239.25
|
1,01,742.99
|
79,513.75
|
33,626.88
|
25,372.87
|
|
|
|
|
|
Solvency Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Debt to Equity
|
0.13
|
0.23
|
0.21
|
0.33
|
0.45
|
0.45
|
|
|
|
|
|
|
Short term debt to equity ratio
|
--
|
0.04
|
0.05
|
0.06
|
0.13
|
0.12
|
|
|
|
|
|
|
Current Ratio
|
2.06
|
2.06
|
1.95
|
1.76
|
1.53
|
1.49
|
|
|
|
|
|
|
Quick Ratio
|
1.35
|
1.35
|
1.46
|
1.20
|
0.86
|
0.84
|
|
|
|
|
|
|
Interest Coverage
|
19.86
|
18.65
|
15.92
|
11.62
|
13.19
|
13.09
|
|
|
|
|
|
Operating Efficiency Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Debtors to sales (%)
|
16.37
|
18.89
|
16.43
|
13.92
|
11.92
|
13.71
|
|
|
|
|
|
|
Asset Turnover
|
1.18
|
1.04
|
1.10
|
1.16
|
1.62
|
1.21
|
|
|
|
|
|
|
Receivable days
|
--
|
57.44
|
50.43
|
50.22
|
36.02
|
45.64
|
|
|
|
|
|
|
Inventory Days
|
--
|
51.61
|
45.67
|
58.48
|
47.90
|
53.10
|
|
|
|
|
|
|
Payable days
|
--
|
41.93
|
37.40
|
37.92
|
25.49
|
38.93
|
|
|
|
|
|
|
Cash Conversion Cycle
|
--
|
67.12
|
58.69
|
70.78
|
58.43
|
59.82
|
|
|
|
|
|
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
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