Solar Peer Comparison

NSE: SOLARINDS | BSE: 532725

₹18,608.00

₹88.00 (0.48%)

As on 06-Nov-2026IST

Market cap

₹1,68,302 Cr

Revenue (TTM)

₹12,788 Cr

P/E Ratio

74.4

P/B Ratio

21.9

Div. Yield

0.1 %

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	Solar	GOCL	Linde India	Gujarat FluoroChem	Navin Fluorine
Market cap (₹ Cr)	1,68,302	1,637	58,473	51,164	46,225
Revenue (₹ Cr)	12,788	13	2,733	5,853	4,066
Net Profit (₹ Cr)	2,329.43	366.32	437.31	673.00	910.57
Net Margin (%)	18.08	68.43	15.87	11.43	21.94
RoE (%)	32.45	8.90	11.42	8.53	21.72
Price to Earnings	74.36	4.47	118.32	75.35	50.77
Price-To-Book	21.93	0.53	13.32	6.10	10.36

Income Statement (₹ Cr)

	Solar	GOCL	Linde India	Gujarat FluoroChem	Navin Fluorine
Operating Revenue	9,837.74	9.76	2,530.64	4,996.03	3,313.90
Total Income	9,965.72	425.57	2,558.98	5,126.27	3,379.19
Total Expenditure	7,215.93	41.15	1,631.62	3,793.90	2,232.22
EBITDA	2,621.81	-31.39	899.02	1,202.13	1,081.68
Depreciation	250.87	2.38	234.87	366.84	149.20
EBIT	2,370.94	-33.77	664.15	835.29	932.48
Interest	133.97	48.54	14.50	138.19	117.85
Other Income	127.98	415.81	28.34	130.24	65.29
Exceptional Items	--	13.00	--	-19.53	-6.75
Profit before Tax	2,365.22	346.51	733.48	806.70	873.17
Provision for Tax	628.58	66.92	184.51	232.94	209.61
Profit after Tax	1,736.64	279.59	548.97	573.76	663.56

	Solar	GOCL	Linde India	Gujarat FluoroChem	Navin Fluorine
Shareholder's Funds	6,277.20	3,142.94	4,266.55	7,865.52	3,974.58
Minority Interest	271.70	--	--	47.17	--
Non-Current Liabilities	1,734.92	98.09	1,421.22	1,386.50	1,574.11
Current Liabilities	2,448.89	313.08	1,329.66	2,560.14	1,297.71
Total Liabilities	10,732.71	3,555.12	7,017.43	11,859.33	6,846.40

	Solar	GOCL	Linde India	Gujarat FluoroChem	Navin Fluorine
Non-Current Assets	5,695.25	110.32	5,856.27	7,451.79	3,831.36
Current Assets	5,037.46	3,366.41	1,161.16	4,407.54	3,015.04
Total Assets	10,732.71	3,555.12	7,017.43	11,859.33	6,846.40
Total Debt*	1,467.84	0.00	0.00	2,626.84	1,226.35
Net Current Assets	2,588.57	3,053.32	-168.50	1,847.40	1,717.33
Contingent Liabilities	15.27	11.26	75.10	698.40	8.87

	Solar	GOCL	Linde India	Gujarat FluoroChem	Navin Fluorine
Cash From Operating Activities	620.87	-33.52	785.50	960.55	893.57
Cash Flow from Investing Activities	-1,163.83	1,081.93	-704.73	-1,168.22	-1,234.91
Cash from Financing Activities	209.46	-1,046.22	-115.69	367.40	344.21
Net Cash Inflow / Outflow	-333.50	2.20	-34.93	159.73	2.87

	Solar	GOCL	Linde India	Gujarat FluoroChem	Navin Fluorine
ROCE (%)	38.16	13.60	18.50	9.58	21.39
ROE (%)	32.49	11.85	13.59	7.65	20.24
ROA (%)	18.40	8.39	8.32	5.11	10.94
EBIT Margin (%)	27.95	3,937.50	36.65	26.67	34.61
Net Margin (%)	17.43	65.70	21.45	11.19	19.64
Cash Profit Margin (%)	20.20	2,888.07	30.97	18.78	24.53

	Solar	GOCL	Linde India	Gujarat FluoroChem	Navin Fluorine
Revenue Growth (%)	30.47	-46.33	1.82	5.46	41.05
EBIT Growth (%)	35.38	48.39	11.34	9.69	98.63
Net Profit Growth (%)	34.84	162.48	20.69	5.09	129.92
EPS Growth (%)	38.70	869.26	20.69	5.73	122.53
Book Value Growth (%)	42.24	99.37	11.67	8.36	52.04

	Solar	GOCL	Linde India	Gujarat FluoroChem	Navin Fluorine
Price / Earnings	65.12	0.82	105.77	57.69	47.55
Price / Book Value	17.40	0.40	13.62	4.27	7.98
Dividend Yield (%)	0.09	11.85	0.18	0.10	0.25
EV/EBITDA	40.05	3.11	62.49	26.71	28.50
Market Cap (₹ Cr)	1,09,239.25	1,254.68	58,065.53	33,305.03	31,554.29

	Solar	GOCL	Linde India	Gujarat FluoroChem	Navin Fluorine
Debt to Equity	0.23	0.00	0.00	0.34	0.31
Short term debt to equity ratio	0.04	0.00	--	0.20	0.05
Current Ratio	2.06	10.75	0.87	1.72	2.32
Quick Ratio	1.35	10.75	0.78	0.97	1.98
Interest Coverage	18.65	8.14	51.59	6.84	8.41

	Solar	GOCL	Linde India	Gujarat FluoroChem	Navin Fluorine
Debtors to sales (%)	18.89	10.22	20.07	25.66	22.69
Asset Turnover	1.04	0.00	0.38	0.45	0.55
Receivable days	57.44	41.37	64.39	90.33	73.48
Inventory Days	51.61	31.15	16.56	136.77	42.29
Payable days	41.93	6,334.81	359.37	135.55	116.22
Cash Conversion Cycle	67.12	-6,262.30	-278.42	91.55	-0.45

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.