SOLAR INDUSTRIES (I) LTD (SOLARINDS) financials

SOLAR INDUSTRIES (I) LTD (SOLARINDS) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Solar Industries is one of the largest domestic manufacturers of bulk and cartridge explosives, detonators, detonating cords and components which find applications in the mining, infrastructure and construction industries.Company manufactures high-energy explosives, delivery systems, ammunition filling and pyros fuses for the defence sector.[1]

Market Cap: ₹1,84,002Cr.
Current Price: ₹20,334
Stock P/E: 141
ROE: 33.5%
ROCE: 43.6%
Book Value: ₹467
Dividend Yield: 0.05%
52W High / Low: ₹22,700/11,641

In Jun 2026, SOLAR INDUSTRIES (I) LTD (SOLARINDS) reported sales ₹1,656 Cr and net profit ₹358 Cr.

Annual TTM: sales ₹5,848 Cr, net profit ₹1,301 Cr.

Shareholding: Promoters 73.15% (Jun 2026), FIIs 6.39% (Jun 2026), DIIs 13.36% (Jun 2026), Public 7.10% (Jun 2026), No. of Shareholders 1,16,877% (Jun 2026).

SOLARINDS quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	905	1,207	1,299	1,387	1,125	1,493	1,574	1,656
Expenses	674	918	981	1,012	835	1,056	1,117	1,169
Operating Profit	231	290	318	376	290	437	457	487
OPM %	26%	24%	24%	27%	26%	29%	29%	29%
Other Income	32	12	15	30	57	38	83	30
Interest	7	8	8	7	6	6	7	7
Depreciation	18	19	21	23	25	25	26	28
Profit before tax	238	274	304	375	315	443	507	482
Tax %	25%	26%	25%	26%	26%	26%	25%	26%
Net Profit	177	204	227	280	235	329	378	358
EPS in Rs	19.61	22.59	25.09	30.89	25.96	36.41	41.75	39.60
Raw PDF	—	—	—	—	—	—	—	—

SOLARINDS profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,512	1,584	2,528	4,160	3,718	4,457	5,579	5,848
Expenses	1,248	1,312	2,153	3,529	2,882	3,359	4,020	4,177
Operating Profit	263	272	375	631	836	1,097	1,559	1,671
OPM %	17%	17%	15%	15%	22%	25%	28%	29%
Other Income	35	26	36	54	57	84	207	207
Interest	12	7	9	28	30	29	26	26
Depreciation	34	38	49	57	63	75	100	105
Profit before tax	252	253	353	600	800	1,077	1,641	1,747
Tax %	15%	25%	26%	26%	25%	25%	26%	—
Net Profit	213	189	262	445	596	803	1,222	1,301
EPS in Rs	23.58	20.89	28.90	49.22	65.90	88.75	135.01	143.72
Dividend Payout %	25%	29%	26%	16%	13%	11%	8%	—

SOLARINDS balance sheet (₹ Cr.)
Category	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
Reserves	867	1,003	1,139	1,347	1,749	2,328	3,049	4,209
Borrowings	171	129	127	156	424	318	200	149
Other Liabilities	236	234	317	488	577	571	1,169	1,153
Total Liabilities	1,292	1,384	1,600	2,009	2,769	3,235	4,436	5,529
Fixed Assets	470	545	558	706	779	811	1,139	1,377
CWIP	74	32	130	41	78	219	113	147
Investments	92	130	129	146	226	667	859	867
Other Assets	656	677	784	1,116	1,685	1,538	2,325	3,138
Total Assets	1,292	1,384	1,600	2,009	2,769	3,235	4,436	5,529

SOLARINDS cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	210	195	148	294	133	770	1,054	927
Cash from Investing Activity	-129	-10	-99	-280	-271	-549	-691	-682
Cash from Financing Activity	-65	-142	-66	-36	173	-216	-232	-188
Net Cash Flow	16	43	-18	-22	35	4	131	57
Free Cash Flow	96	122	21	165	-33	533	777	530
CFO/OP	95%	99%	78%	98%	43%	114%	120%	84%

SOLARINDS shareholding pattern (%)
Category	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

SOLARINDS key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	41	50	68	43	47	59	64	64
Inventory Days	32	38	51	56	56	42	56	50
Days Payable	29	40	67	69	48	16	26	25
Cash Conversion Cycle	43	47	52	30	55	85	94	90
Working Capital Days	33	50	58	41	43	55	56	56
ROCE %	31%	24%	21%	26%	34%	34%	37%	44%

SOLARINDSUpdated 13 Oct 2026, 6:06

Solar Industries (i) Ltd

SOLARINDSUpdated 13 Oct 2026, 6:06

Market Cap

₹1,84,002Cr.

Current Price

₹20,334

High / Low

₹22,700/11,641

Stock P/E

141

ROE33.5%

ROCE43.6%

Book Value₹467

Face Value₹2.00

Dividend Yield0.05%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	983	8	790	14	15	184	25	137	15.19
Sep 2023	830	6	631	14	16	191	26	141	15.6
Dec 2023	902	8	710	18	16	186	26	138	15.29
Mar 2024	1002	8	751	13	16	239	25	179	19.82
Jun 2024	1045	6	786	26	17	261	26	194	21.46
Sep 2024	905	7	674	32	18	238	25	177	19.61
Dec 2024	1207	8	918	12	19	274	26	204	22.59
Mar 2025	1299	8	981	15	21	304	25	227	25.09
Jun 2025	1387	7	1012	30	23	375	26	280	30.89
Sep 2025	1125	6	835	57	25	315	26	235	25.96
Dec 2025	1493	6	1056	38	25	443	26	329	36.41
Mar 2026	1574	7	1117	83	26	507	25	378	41.75
Jun 2026	1656	7	1169	30	28	482	26	358	39.6

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	950	7	794	10	18	140	23	108	11.92
Mar 2016	1016	8	832	14	18	173	37	109	12.03
Mar 2017	1137	14	920	13	19	197	33	133	14.65
Mar 2018	1273	14	1046	18	26	205	35	134	14.84
Mar 2019	1663	12	1350	15	29	287	33	191	21.16
Mar 2020	1512	12	1248	35	34	252	15	213	23.58
Mar 2021	1584	7	1312	26	38	253	25	189	20.89
Mar 2022	2528	9	2153	36	49	353	26	262	28.9
Mar 2023	4160	28	3529	54	57	600	26	445	49.22
Mar 2024	3718	30	2882	57	63	800	25	596	65.9
Mar 2025	4457	29	3359	84	75	1077	25	803	88.75
Mar 2026	5579	26	4020	207	100	1641	26	1222	135.01
TTM	5848	26	4177	207	105	1747	—	1301	143.72

Shareholding pattern

As of Jun 2026%

Holder	Share
Promoters	73.15%
FIIs	6.39%
DIIs	13.36%
Public	7.1%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Sep 2023	73.15%	5.89%	15.24%	5.71%
Dec 2023	73.15%	5.9%	15.05%	5.88%
Mar 2024	73.15%	6.1%	14.52%	6.22%
Jun 2024	73.15%	7.56%	12.74%	6.54%
Sep 2024	73.15%	7.53%	12.68%	6.64%
Dec 2024	73.15%	7.23%	12.78%	6.82%
Mar 2025	73.15%	5.82%	14.1%	6.92%
Jun 2025	73.15%	6.79%	13.59%	6.47%
Sep 2025	73.15%	7.11%	12.9%	6.84%
Dec 2025	73.15%	6.74%	12.91%	7.2%
Mar 2026	73.15%	6.59%	12.89%	7.35%
Jun 2026	73.15%	6.39%	13.36%	7.1%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	18	506	155	114	793	288	20	59	426	793
Mar 2016	18	530	176	176	900	351	12	66	470	900
Mar 2017	18	641	246	145	1050	403	16	102	528	1050
Mar 2018	18	741	152	190	1101	420	35	66	581	1101
Mar 2019	18	867	171	236	1292	470	74	92	656	1292
Mar 2020	18	1003	129	234	1384	545	32	130	677	1384
Mar 2021	18	1139	127	317	1600	558	130	129	784	1600
Mar 2022	18	1347	156	488	2009	706	41	146	1116	2009
Mar 2023	18	1749	424	577	2769	779	78	226	1685	2769
Mar 2024	18	2328	318	571	3235	811	219	667	1538	3235
Mar 2025	18	3049	200	1169	4436	1139	113	859	2325	4436
Mar 2026	18	4209	149	1153	5529	1377	147	867	3138	5529

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	150	-53	-118	-21
Mar 2016	174	-109	-65	0
Mar 2017	70	-100	36	6
Mar 2018	213	-78	-139	-4
Mar 2019	210	-129	-65	16
Mar 2020	195	-10	-142	43
Mar 2021	148	-99	-66	-18
Mar 2022	294	-280	-36	-22
Mar 2023	133	-271	173	35
Mar 2024	770	-549	-216	4
Mar 2025	1054	-691	-232	131
Mar 2026	927	-682	-188	57

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	44	48	57	45	41	50	68	43	47	59	64	64
Inventory Days	27	36	38	40	32	38	51	56	56	42	56	50
Days Payable	23	41	18	26	29	40	67	69	48	16	26	25
Cash Conversion Cycle	49	43	77	59	43	47	52	30	55	85	94	90
Working Capital Days	51	49	46	52	33	50	58	41	43	55	56	56
ROCE %	23%	26%	26%	24%	31%	24%	21%	26%	34%	34%	37%	44%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of SOLAR INDUSTRIES (I) LTD (SOLARINDS)?

The reported market capitalisation for SOLAR INDUSTRIES (I) LTD (SOLARINDS) is ₹1,84,002Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of SOLARINDS?

The current price shown for SOLAR INDUSTRIES (I) LTD (SOLARINDS) on Fincrux is ₹20,334 with a 52-week high/low of ₹22,700/11,641.

What is the P/E ratio of SOLAR INDUSTRIES (I) LTD (SOLARINDS)?

The stock P/E for SOLAR INDUSTRIES (I) LTD (SOLARINDS) is 141 on Fincrux, with ROE at 33.5% and ROCE at 43.6%.

What were SOLARINDS latest quarterly results?

For Jun 2026, SOLAR INDUSTRIES (I) LTD (SOLARINDS) reported sales ₹1,656 Cr and net profit ₹358 Cr (figures in ₹ crore unless noted).

What are SOLARINDS annual sales and net profit?

For TTM, SOLAR INDUSTRIES (I) LTD (SOLARINDS) shows sales of ₹5,848 Cr and net profit of ₹1,301 Cr on the Fincrux profit & loss statement.

Who owns SOLAR INDUSTRIES (I) LTD (SOLARINDS)?

Latest shareholding for SOLAR INDUSTRIES (I) LTD (SOLARINDS) on Fincrux: Promoters 73.15% (Jun 2026), FIIs 6.39% (Jun 2026), DIIs 13.36% (Jun 2026), Public 7.10% (Jun 2026), No. of Shareholders 1,16,877% (Jun 2026).

Where can I find SOLAR INDUSTRIES (I) LTD (SOLARINDS) financials?

SOLAR INDUSTRIES (I) LTD (SOLARINDS) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show SOLARINDS balance sheet and cash flow?

Yes. The SOLAR INDUSTRIES (I) LTD (SOLARINDS) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 13 October 2026 at 6:06