Solar Peer Comparison

NSE: SOLARINDS | BSE: 532725

₹20,000.00

₹130.00 (0.65%)

As on 09-Oct-2026IST

Market cap

₹1,80,025 Cr

Revenue (TTM)

₹11,351 Cr

P/E Ratio

90.4

P/B Ratio

Div. Yield

0.1 %

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	Solar	Premier Explosives	GOCL	Keltech Energies	Indo Gulf
Market cap (₹ Cr)	1,80,025	3,694	1,774	1,321	3
Revenue (₹ Cr)	11,351	349	11	572	195
Net Profit (₹ Cr)	2,041.43	33.55	339.85	28.54	-4.32
Net Margin (%)	17.82	8.67	67.06	4.93	-2.21
RoE (%)	34.96	12.18	8.95	17.96	-36.80
Price to Earnings	90.40	110.15	5.22	46.27	--
Price-To-Book	25.96	12.64	0.56	8.20	0.39

Income Statement (₹ Cr)

	Solar	Premier Explosives	GOCL	Keltech Energies	Indo Gulf
Operating Revenue	9,837.74	388.34	9.76	532.06	247.02
Total Income	9,965.72	430.48	425.57	538.67	247.45
Total Expenditure	7,215.93	349.71	41.15	491.19	235.34
EBITDA	2,621.81	38.63	-31.39	40.87	11.68
Depreciation	250.87	11.69	2.38	7.63	2.49
EBIT	2,370.94	26.95	-33.77	33.24	9.19
Interest	133.97	3.38	48.54	4.18	0.57
Other Income	127.98	42.14	415.81	6.61	0.43
Exceptional Items	--	-5.20	13.00	3.18	--
Profit before Tax	2,365.22	60.49	346.51	38.85	9.04
Provision for Tax	628.58	14.68	66.92	10.18	2.51
Profit after Tax	1,736.64	45.82	279.59	28.66	6.54

	Solar	Premier Explosives	GOCL	Keltech Energies	Indo Gulf
Shareholder's Funds	6,277.20	289.07	3,142.94	152.95	11.25
Minority Interest	271.70	1.36	--	--	--
Non-Current Liabilities	1,734.92	35.99	98.09	50.77	12.01
Current Liabilities	2,448.89	170.60	313.08	160.44	33.53
Total Liabilities	10,732.71	497.01	3,555.12	364.16	56.80

	Solar	Premier Explosives	GOCL	Keltech Energies	Indo Gulf
Non-Current Assets	5,695.25	224.83	110.32	186.16	45.88
Current Assets	5,037.46	272.19	3,366.41	178.00	10.92
Total Assets	10,732.71	497.01	3,555.12	364.16	56.80
Total Debt*	1,467.84	32.33	0.00	71.69	11.53
Net Current Assets	2,588.57	101.59	3,053.32	17.55	-22.62
Contingent Liabilities	15.27	83.54	11.26	43.87	5.34

	Solar	Premier Explosives	GOCL	Keltech Energies	Indo Gulf
Cash From Operating Activities	620.87	-1.27	-33.52	48.50	17.31
Cash Flow from Investing Activities	-1,163.83	-26.65	1,081.93	-75.03	-13.69
Cash from Financing Activities	209.46	-14.39	-1,046.22	29.88	-3.78
Net Cash Inflow / Outflow	-333.50	-42.31	2.20	3.35	-0.16

	Solar	Premier Explosives	GOCL	Keltech Energies	Indo Gulf
ROCE (%)	38.16	21.02	13.60	22.21	45.20
ROE (%)	32.49	17.13	11.85	20.66	81.86
ROA (%)	18.40	8.89	8.39	8.80	12.54
EBIT Margin (%)	27.95	20.80	3,937.50	8.92	4.90
Net Margin (%)	17.43	10.64	65.70	5.32	2.64
Cash Profit Margin (%)	20.20	14.81	2,888.07	6.82	3.65

	Solar	Premier Explosives	GOCL	Keltech Energies	Indo Gulf
Revenue Growth (%)	30.47	-6.97	-46.33	8.71	37.81
EBIT Growth (%)	35.38	34.42	48.39	7.24	170.89
Net Profit Growth (%)	34.84	59.45	162.48	14.93	342.27
EPS Growth (%)	38.70	59.65	869.26	14.93	342.26
Book Value Growth (%)	42.24	17.60	99.37	22.74	138.58

	Solar	Premier Explosives	GOCL	Keltech Energies	Indo Gulf
Price / Earnings	65.12	44.73	0.82	10.48	0.00
Price / Book Value	17.40	7.09	0.40	1.96	0.00
Dividend Yield (%)	0.09	0.13	11.85	0.05	--
EV/EBITDA	40.05	25.03	3.11	7.43	0.96
Market Cap (₹ Cr)	1,09,239.25	2,049.36	1,254.68	300.45	0.00

	Solar	Premier Explosives	GOCL	Keltech Energies	Indo Gulf
Debt to Equity	0.23	0.11	0.00	0.47	1.03
Short term debt to equity ratio	0.04	0.04	0.00	0.15	0.12
Current Ratio	2.06	1.60	10.75	1.11	0.33
Quick Ratio	1.35	0.99	10.75	0.80	0.21
Interest Coverage	18.65	18.87	8.14	10.30	16.74

	Solar	Premier Explosives	GOCL	Keltech Energies	Indo Gulf
Debtors to sales (%)	18.89	13.76	10.22	11.57	0.59
Asset Turnover	1.04	0.75	0.00	1.63	4.74
Receivable days	57.44	43.01	41.37	40.59	2.63
Inventory Days	51.61	120.54	31.15	31.33	6.43
Payable days	41.93	128.88	6,334.81	88.45	35.18
Cash Conversion Cycle	67.12	34.67	-6,262.30	-16.53	-26.13

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