Solar Industries India Ltd
Solar Industries India Ltd (SOLARINDS) last reported results for the quarter ended Jun 2026, with sales of ₹3,668 crore and net profit of ₹666 crore. The stock last traded at ₹19,737, a market capitalisation of ₹1,78,600 crore, on a P/E of 89.7. Over the past 52 weeks the stock has ranged between ₹11,641 and ₹22,700. Figures are as of 6 Oct 2026 and are not real time.
Solar Industries India Ltd share price and key metrics
- Current price
- ₹19,737
- Market cap
- ₹1,78,600 cr
- Stock P/E
- 89.7
- Book value
- ₹694
- ROE
- 32.6%
- ROCE
- 38.1%
- Dividend yield
- 0.06%
- 52w high / low
- 22700/11641
Metrics as of 6 Oct 2026. Not real time.
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Solar Industries India Ltd growth and returns
- 10 Years
- 21%
- 5 Years
- 31%
- 3 Years
- 12%
- TTM
- 42%
- 10 Years
- 27%
- 5 Years
- 45%
- 3 Years
- 30%
- TTM
- 58%
- 10 Years
- 40%
- 5 Years
- 53%
- 3 Years
- 56%
- 1 Year
- 38%
- 10 Years
- 29%
- 5 Years
- 32%
- 3 Years
- 32%
- Last Year
- 33%
Solar Industries India Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹3,668 cr, up 70.3% from ₹2,154 cr a year earlier. Net profit was ₹666 cr, up 88.7% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,716 | 1,973 | 2,167 | 2,154 | 2,082 | 2,548 | 3,053 | 3,668 |
| Expenses | 1,271 | 1,447 | 1,629 | 1,620 | 1,530 | 1,840 | 2,227 | 2,653 |
| Operating profit | 445 | 527 | 537 | 535 | 552 | 708 | 826 | 1,015 |
| OPM % | 26% | 27% | 25% | 25% | 26% | 28% | 27% | 28% |
| Other income | 36 | 10 | 7 | 29 | 29 | 25 | 46 | 17 |
| Interest | 30 | 31 | 29 | 27 | 31 | 34 | 41 | 41 |
| Depreciation | 44 | 47 | 50 | 56 | 61 | 63 | 71 | 80 |
| Profit before tax | 407 | 459 | 464 | 481 | 490 | 636 | 759 | 911 |
| Tax % | 25% | 26% | 25% | 27% | 26% | 27% | 27% | 27% |
| Net profit | 304 | 338 | 346 | 353 | 361 | 467 | 556 | 666 |
| EPS (₹) | 31.59 | 34.80 | 35.61 | 37.43 | 38.12 | 49.31 | 60.52 | 72.11 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Solar Industries India Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,580 | 1,916 | 2,462 | 2,237 | 2,516 | 3,948 | 6,918 | 6,070 | 7,540 | 9,838 | 11,351 |
| Operating profit | 324 | 412 | 502 | 434 | 515 | 748 | 1,336 | 1,482 | 2,026 | 2,717 | 3,101 |
| OPM % | 20% | 21% | 20% | 19% | 20% | 19% | 19% | 24% | 27% | 28% | 27% |
| Net profit | 195 | 234 | 277 | 279 | 288 | 455 | 811 | 875 | 1,288 | 1,737 | 2,050 |
| EPS (₹) | 20.61 | 24.37 | 28.91 | 29.55 | 30.54 | 48.77 | 83.68 | 92.38 | 133.65 | 185.38 | 220.06 |
TTM is the trailing twelve months to the most recent quarter.
Solar Industries India Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
| Reserves | 910 | 1,066 | 1,220 | 1,362 | 1,561 | 1,896 | 2,592 | 3,288 | 4,395 | 6,259 |
| Borrowings | 501 | 518 | 603 | 708 | 808 | 888 | 1,195 | 1,138 | 975 | 1,524 |
| Other liabilities | 292 | 387 | 411 | 393 | 572 | 827 | 1,104 | 1,134 | 2,754 | 2,931 |
| Total liabilities | 1,722 | 1,988 | 2,253 | 2,481 | 2,959 | 3,629 | 4,909 | 5,577 | 8,142 | 10,733 |
| Fixed assets | 777 | 923 | 1,043 | 1,209 | 1,288 | 1,493 | 1,702 | 2,028 | 2,729 | 4,006 |
| CWIP | 91 | 107 | 178 | 165 | 293 | 230 | 282 | 490 | 707 | 731 |
| Investments | 53 | 17 | 33 | 2 | 1 | 18 | 99 | 370 | 676 | 183 |
| Other assets | 801 | 940 | 1,000 | 1,105 | 1,378 | 1,888 | 2,826 | 2,690 | 4,030 | 5,813 |
| Total assets | 1,722 | 1,988 | 2,253 | 2,481 | 2,959 | 3,629 | 4,909 | 5,577 | 8,142 | 10,733 |
As reported by the company. Total assets equal total liabilities by construction.
Solar Industries India Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 118 | 254 | 314 | 325 | 357 | 298 | 656 | 1,406 | 2,468 | 621 |
| Cash from investing | -170 | -174 | -254 | -260 | -253 | -338 | -614 | -1,022 | -1,660 | -951 |
| Cash from financing | 53 | -53 | -52 | -34 | -26 | -45 | 118 | -370 | -476 | 209 |
| Net cash flow | 0 | 27 | 9 | 32 | 77 | -85 | 160 | 14 | 331 | -121 |
| Free cash flow | -56 | 31 | 64 | 87 | 96 | 17 | 183 | 858 | 1,466 | -1,072 |
| CFO / operating profit | 55% | 83% | 88% | 100% | 90% | 61% | 68% | 115% | 142% | 47% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Solar Industries India Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 22% | 24% | 26% | 19% | 19% | 25% | 36% | 32% | 38% | 38% |
| Debtor days | 74 | 69 | 59 | 60 | 66 | 50 | 44 | 51 | 60 | 69 |
| Inventory days | 73 | 80 | 74 | 99 | 119 | 113 | 92 | 97 | 95 | 130 |
| Days payable | 36 | 49 | 43 | 46 | 78 | 73 | 41 | 37 | 45 | 47 |
| Cash conversion cycle | 111 | 100 | 90 | 113 | 108 | 90 | 95 | 111 | 110 | 152 |
| Working capital days | 27 | 32 | 17 | 21 | 33 | 41 | 31 | 39 | 37 | 74 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Solar Industries India Ltd shareholding pattern
Promoters held 73.15% at Jun 2026, broadly unchanged since Jun 2025. FIIs 6.39% and DIIs 13.36%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 73.15% | 73.15% | 73.15% | 73.15% | 73.15% | 73.15% | 73.15% | 73.15% |
| FIIs | 7.53% | 7.23% | 5.82% | 6.79% | 7.11% | 6.74% | 6.59% | 6.39% |
| DIIs | 12.68% | 12.78% | 14.10% | 13.59% | 12.90% | 12.91% | 12.89% | 13.36% |
| Public | 6.64% | 6.82% | 6.92% | 6.47% | 6.84% | 7.20% | 7.35% | 7.10% |
| No. of shareholders | 78,402 | 83,959 | 95,380 | 97,712 | 1,05,014 | 1,13,869 | 1,15,917 | 1,16,877 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Solar Industries India Ltd corporate filings
- Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for quarter ended September 30, 2026.Company Updatelow impact
- SEBI regulatory filing indicates Solar Industries India Limited has incorporated a new subsidiary in Botswana, Solar Explochem Proprietary Limited, with a 65% stake at an initial investment of USD 3.25 lakh (approx. INR 2.4 crore).Company Updatehigh impact
Cruxal's analysis: Solar Industries India Limited has announced the incorporation of a new subsidiary in…
Read the full analysis - Intimation of Closure of Trading WindowInsider Trading / SASTlow impact
- Solar Industries India Limited maintains [ICRA]A1+ rating on 500 crore commercial paper amid pending acquisition of Omnia HoldingsCompany Updatemedium impact
Cruxal's analysis: Solar Industries India Limited has received a reaffirmation of its [ICRA]A1+ rating for…
Read the full analysis - Solar Industries India Limited placed on 'Rating Watch with Developing Implications' by CRISIL following proposed 12,951 crore acquisition of Omnia HoldingsCompany Updatehigh impact
Cruxal's analysis: Solar Industries India Limited has been placed on 'Rating Watch with Developing…
Read the full analysis - Solar Industries India confirms repayment of Commercial Paper issued on June 19, 2026Otherslow impact
Cruxal's analysis: Solar Industries India Limited has issued a certificate confirming the successful…
Read the full analysis - Solar Industries India Limited Announces Strategic Acquisition of South Africa's Omnia Holdings LimitedCompany Updatehigh impact
Cruxal's analysis: Solar Industries India Limited has signed definitive agreements to acquire South…
Read the full analysis - Solar Industries India Limited discloses audio recording of analyst call regarding proposed acquisition of Omnia Holdings LimitedCompany Updatemedium impact
Cruxal's analysis: Solar Industries India Limited has made available the audio recording of the analyst…
Read the full analysis - Solar Industries India Ltd announces analyst/investor conference callCompany Updatelow impact
Cruxal's analysis: Solar Industries India Ltd has issued an intimation regarding a scheduled…
Read the full analysis - Solar Industries India Limited to acquire 100% of South Africa-based Omnia Holdings for USD 1.355 billion (approx. 11,300 crore INR)Company Updatehigh impact
Cruxal's analysis: Solar Industries India Limited has entered into a definitive agreement to acquire 100% of…
Read the full analysis - Solar Industries India to Acquire South Africa's Omnia Holdings for INR 12,951 Crore in Transformational All-Cash DealCompany Updatehigh impact
Cruxal's analysis: Solar Industries India Limited has announced a definitive agreement to acquire Omnia…
Read the full analysis - ICRA Reaffirms [ICRA]A1+ Rating on Solar Industries India Limited's 500 Crore Commercial Paper ProgrammeCompany Updatelow impact
Cruxal's analysis: Solar Industries India Limited has received a reaffirmation of its [ICRA]A1+ credit…
Read the full analysis - Solar Industries India Ltd clarifies on media reports under Regulation 30(11)Otherslow impact
Cruxal's analysis: Solar Industries India Ltd has issued a clarification in compliance with Regulation…
Read the full analysis - Solar Industries India Limited Reports Strong Q1 FY27 Financial Results with Significant YoY GrowthCompany Updatehigh impact
Cruxal's analysis: Solar Industries India Limited has released its unaudited financial results for the…
Read the full analysis - Solar Industries India Reports Record Q1 FY2027 Performance with 70% Revenue Growth and Strong Defence MomentumCompany Updatehigh impact
Cruxal's analysis: Solar Industries India Limited (SIIL) delivered a stellar Q1 FY2027 performance…
Read the full analysis - Solar Industries India Limited Reports Robust Q1 FY27 Performance with 70% Revenue Growth and 89% PAT SurgeCompany Updatehigh impact
Cruxal's analysis: Solar Industries India Limited has delivered a stellar performance for the quarter ended…
Read the full analysis - Solar Industries India Limited Reports Strong Q1 FY27 Consolidated Revenue of 3,888.20 crore and Net Profit of 666.37 croreBoard Meetinghigh impact
Cruxal's analysis: Solar Industries India Limited has announced its unaudited financial results for the…
Read the full analysis - Solar Industries India Limited Announces Voting Results of 31st Annual General MeetingAGM/EGMlow impact
Cruxal's analysis: Solar Industries India Limited has disclosed the voting results for its 31st Annual…
Read the full analysis - Solar Industries India Limited concludes 31st Annual General Meeting; approves final dividend of INR 11 per shareAGM/EGMlow impact
Cruxal's analysis: Solar Industries India Limited has successfully concluded its 31st Annual General Meeting…
Read the full analysis - Solar Industries India Limited schedules Board Meeting for June 2026 quarterly results on August 13, 2026Board Meetinglow impact
Cruxal's analysis: Solar Industries India Limited has formally intimated the stock exchanges regarding a…
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