Solar Industries India Limited

Chemicals · Chemicals & Petrochemicals

NSE: SOLARINDS BSE: 532725

₹19700.00

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Chemicals & Petrochemicals

The largest companies in the same industry by market cap. This company ranks #1 of 221. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Solar Industries India Limited (this stock)	178,265	137.1	26.5%	47.3%	—	95	7	50
Pidilite Industries Limited	149,114	58.1	22.4%	-0.7%	0.78%	91	0	27
SRF Limited	73,291	38.7	13.1%	-14.9%	0.40%	73	8	14
Linde India Limited	53,925	98.3	12.9%	0.9%	0.06%	74	0	50
Gujarat Fluorochemicals Limited	48,392	69.5	7.3%	18.6%	0.07%	75	0	30
Navin Fluorine International Limited	42,290	74.7	16.7%	78.1%	—	83	33	48
Himadri Speciality Chemical Limited	34,198	43.0	15.9%	51.2%	0.12%	84	25	67
Aether Industries Limited	22,552	123.9	8.9%	125.9%	—	81	0	85

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹178,157 Cr

EV / EBITDA

94.9x

EV / Sales

30.46x

Market cap / Sales

30.48x

Earnings yield

0.73%

Quarterly Financials

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Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 1,686 Cr, up 19.0% YoY.

↑ Positive

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 358 Cr, up 28.2% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	1,656	482	358	₹39.6000
March 31, 2026	1,574	507	378	₹41.7500
Dec. 31, 2025	1,493	443	329	₹36.4100
Sept. 30, 2025	1,125	315	235	₹25.9600
June 30, 2025	1,387	375	280	₹30.8900
March 31, 2025	1,299	304	227	₹25.0900
Dec. 31, 2024	1,207	274	204	₹22.5900
Sept. 30, 2024	905	238	177	₹19.6100
June 30, 2024	1,045	261	194	₹21.4600
March 31, 2024	1,002	239	179	₹19.8200
Dec. 31, 2023	902	186	138	₹15.2900
Sept. 30, 2023	830	191	141	₹15.6000
June 30, 2023	983	184	137	₹15.1900

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	1,686	1,657	1,530	1,182	1,417	1,314	1,219	937	1,070	1,015	920	844	997
Operating revenue	1,656	1,574	1,493	1,125	1,387	1,299	1,207	905	1,045	1,002	902	830	983
Other income	30	83	38	57	30	15	12	32	26	13	18	14	14
Operating expenses	1,169	1,117	1,056	835	1,012	981	918	674	786	751	710	631	790
Operating profit	487	457	437	290	376	318	290	231	258	250	192	199	193
Operating profit margin	29.4%	29.0%	29.3%	25.8%	27.1%	24.5%	24.0%	25.5%	24.7%	25.0%	21.3%	24.0%	19.7%
Depreciation	28	26	25	25	23	21	19	18	17	16	16	16	15
Interest	7	7	6	6	7	8	8	7	6	8	8	6	8
Exceptional items, gain / (loss)	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit before tax	482	507	443	315	375	304	274	238	261	239	186	191	184
Tax	124	129	114	81	96	77	70	61	67	60	47	50	47
Net profit	358	378	329	235	280	227	204	177	194	179	138	141	137
EPS	39.60	41.75	36.41	25.96	30.89	25.09	22.59	19.61	21.46	19.82	15.29	15.60	15.19
Net profit (TTM)	1,301	1,222	1,071	946	888	803	755	689	653	596	575	552	503
EPS (TTM)	143.72	135.01	118.35	104.53	98.18	88.75	83.48	76.18	72.17	65.90	63.55	61.03	55.59

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	5,579	1,641	1,222
March 31, 2025	4,457	1,077	803

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	11.1%	29.2%	5,786^†	4,540^†	3,776^†	4,218^†	2,565^†	1,610^†	1,545^†	1,687^†	1,324^†	1,315^†
Operating revenue	10.3%	28.6%	5,579	4,457	3,718^†	4,162^†	2,528^†	1,584^†	1,510^†	1,663^†	1,305^†	1,302^†
Other income	—	—	207^†	84^†	58^†	56^†	36^†	26^†	35^†	24^†	18^†	13^†
Operating expenses	—	—	4,020^†	3,359^†	2,883^†	3,533^†	2,153^†	1,312^†	1,246^†	—	—	1,075^†
Operating profit	35.3%	41.8%	1,559^†	1,097^†	835^†	629^†	375^†	272^†	263^†	—	—	227^†
Operating profit margin	—	—	27.9%^†	24.6%^†	22.5%^†	15.1%^†	14.8%^†	17.2%^†	17.4%^†	—	—	17.4%^†
Depreciation	—	—	100^†	75^†	63^†	57^†	49^†	38^†	34^†	29^†	26^†	19^†
Interest	—	—	26^†	29^†	30^†	28^†	9^†	7^†	12^†	—	—	14^†
Exceptional items, gain / (loss)	—	—	0^†	0^†	0^†	0^†	0^†	0^†	0^†	-6^†	0^†	0^†
Profit before tax	39.8%	45.3%	1,641	1,077	800^†	600^†	353^†	253^†	252^†	287^†	205^†	197^†
Tax	—	—	419^†	274^†	204^†	155^†	92^†	64^†	39^†	96^†	71^†	65^†
Net profit	40.0%	45.2%	1,222	803	596^†	445^†	262^†	189^†	213^†	191^†	134^†	133^†
EPS	40.0%	45.2%	135.01^†	88.75^†	65.90^†	49.23^†	—	20.90^†	23.59^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	27.9%^†	24.6%^†	22.5%^†	15.1%^†	14.8%^†	17.2%^†	17.4%^†	—	—	17.4%^†
EBIT margin	29.9%^†	24.8%^†	22.3%^†	15.1%^†	14.3%^†	16.4%^†	17.5%^†	—	—	16.2%^†
PBT margin	29.4%	24.2%	21.5%^†	14.4%^†	14.0%^†	16.0%^†	16.7%^†	17.3%^†	15.7%^†	15.1%^†
Net margin	21.9%	18.0%	16.0%^†	10.7%^†	10.3%^†	11.9%^†	14.1%^†	11.5%^†	10.3%^†	10.2%^†
Interest coverage	64.05x^†	38.24x^†	28.05x^†	22.77x^†	40.89x^†	39.84x^†	21.74x^†	—	—	15.30x^†
Dividend payout	—	—	—	—	—	—	—	—	—	—
Earnings retention	—	—	—	—	—	—	—	—	—	—
Current ratio	2.21x	2.20x	—	—	—	—	—	—	—	—
Quick ratio	1.77x	1.75x	—	—	—	—	—	—	—	—
Debt to equity	0.03x	0.06x	—	—	—	—	—	—	—	—
Return on equity	28.9%	26.2%	—	—	—	—	—	—	—	—
Return on assets	22.1%	18.1%	—	—	—	—	—	—	—	—
Return on capital employed	36.1%^†	31.1%^†	—	—	—	—	—	—	—	—
Asset turnover	1.01x	1.00x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	927	-682	-188	409	519
March 31, 2025	1,054	-691	-232	278	776

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	5,529	4,227	4,209	63	79	2,012	909	250	1,361	405
March 31, 2025	4,436	3,067	3,049	101	94	1,939	881	193	1,124	397

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.