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Solar Industries India Ltd

Updated on May 18, 2019

Stock/Share Code - SOLARINDS

Solar Industries India is primarily involved in manufacturing of complete range of industrial explosives and explosive initiated devices. It manufactures various types of packaged emulsion explosives, bulk explosives and explosive initiating systems.

Below is the details of SOLARINDS Solar Industries India Ltd

Market Cap₹8,523 Cr.
Current Price ₹1,132.95 as on 23 May 19
52 Week High / Low Price₹1,320 / ₹923.6
Face Value₹2
Stock P/E48.70
Book Value₹86.31
Dividend Yield0.64 %
ROCE23.96 %
ROE18.74 %
Sales Growth (3yrs)8.14 %
SectorChemicals
IndustryChemicals
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company has reduced debt. Company has been maintaining a healthy dividend payout of 37.33%
Cons: Stock is trading at 10.91 times its book value The company has delivered a poor growth of 7.64% over past five years.

Solar Industries India Ltd Price Chart

Solar Industries India Ltd Price Chart

Solar Industries India Ltd Peer Comparison in Chemicals

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. Tata Chemicals ₹616.35 7.33 ₹14,173.57 Cr. 3.96 ₹219.48 Cr. -65.94 10.02 2831.87 11.38
2. Pidilite Inds. ₹1,199.6 62.69 ₹58,541.96 Cr. 0.52 ₹219.47 Cr. -8.49 19.79 1848.30 37.64
3. Guj Fluorochem ₹1,006.8 12.70 ₹9,995.95 Cr. 0.38 ₹138.19 Cr. 96.85 53.77 1490.03 7.94
4. Castrol India ₹144.75 21.60 ₹15,296.77 Cr. 4.53 ₹211.9 Cr. 7.73 6.50 1033.40 105.28
5. Godrej Inds. ₹6.7 38.16 ₹16,585.43 Cr. 0.35 ₹77.41 Cr. 91.56 17.76 2473.24 9.33
6. Aarti Inds. ₹562.2 26.31 ₹11,301.52 Cr. 0.07 ₹132.65 Cr. 47.08 28.07 1268.15 16.30
7. Phillips Carbon ₹135.5 6.90 ₹2,678.99 Cr. 1.54 ₹108.58 Cr. 91.87 53.80 945.89 17.38
8. Solar Inds. ₹6.9 48.70 ₹8,523.26 Cr. 0.64 ₹46.21 Cr. 51.51 39.25 435.88 23.96

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Solar Industries India Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018
Sales298295214284343315252313393388357436
YOY Sales Growth %2.78%9.29%-5.37%6.59%15.27%6.66%17.44%10.11%14.61%23.27%41.86%39.25%
Expenses244237175231279253209260324312296363
Material Cost %68.24%67.31%64.92%67.44%65%64.98%62.48%65.94%64.44%65.01%64.37%65.45%
Employee Cost %3.84%4.38%5.69%4.81%4.53%5.54%7.18%6.44%4.49%5.63%6.12%5.35%
Operating Profit545839546462435369776273
OPM %18%20%18%19%19%20%17%17%18%20%17%17%
Other Income935444545884
Interest243443444334
Depreciation455556777777
Profit before tax565336495957374764755966
Tax %45%35%28%22%42%33%35%35%35%35%35%30%
Net Profit313426383438243042493846
NotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018TTM
Sales1221694164715287248818981,0071,0161,1371,2731,575
Sales Growth %35.35%38.84%145.9%13.12%12.23%37.03%21.73%1.94%12.11%0.94%11.9%11.95%%
Expenses1111433794284596417827768518329201,0461,294
Material Cost %71.56%64.54%69.05%67.27%57.72%62.89%62.59%59.71%62.03%68.79%66.2%64.55%%
Manufacturing Cost %2.39%2.18%1.95%2.37%6.38%5.91%5.62%2.58%6.05%2.66%2.77%2.87%%
Employee Cost %3.27%3.24%2.35%2.95%3.57%3.34%3.66%4.31%4.01%4.27%4.78%5.42%%
Other Cost %13.51%14.77%17.85%18.37%19.22%16.47%16.9%19.75%12.47%6.14%7.19%9.28%%
Operating Profit11263743698299123155184217228281
OPM %9%15%9%9%13%11%11%14%15%18%19%18%18%
Other Income101329252525871014131825
Interest5823121220111478141413
Depreciation23567810131818192628
Profit before tax14283749767985103140173197205264
Tax %26%35%33%36%34%23%11%18%23%37%33%35%
Net Profit1018253150617684108109133134175
EPS in Rs1.141.982.763.375.676.868.169.0311.5610.7514.2414.23
Dividend Payout %25%29%31%39%28%28%26%26%29%37%34%40%

Compounded Sales Growth

  • 10 Years:: 22.36%
  • 5 Years:: 7.64%
  • 3 Years:: 8.14%
  • TTM:: 28.76%

Compounded Profit Growth

  • 10 Years:: 22.28%
  • 5 Years:: 9.65%
  • 3 Years:: 4.69%
  • TTM:: 38.01%

Return on Equity

  • 10 Years:: 21.29%
  • 5 Years:: 20.93%
  • 3 Years:: 20.09%
  • TTM:: 18.74%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Sep 2018
Share Capital17171717171718181818181818
Equity Capital17.3217.3217.3217.3217.3217.3218.118.118.118.118.118.1
Reserves122127158175210252378438506530641741763
Borrowings75887910313723523225415517624615291
Other Liabilities191914715712012582112114181152189305
Trade Payables5.875.48119.13118.1678.1563.8817.8239.7239.0178.9937.5953.3674.32
Total Liabilities2332514024524856297098217939051,0561,1001,177
Fixed Assets41438888120179233275288351403420440
Gross Block5054.7108.37115.42153.54216.51281.22334.84371.34451.59433.81476.68
Accumulated Depreciation8.7711.6120.6126.9333.0637.6547.8960.2783.7100.5231.0656.5
CWIP1131618191782012163561
Investments233425366968816959661026657
Other Assets168173287312277362378469426475535580618
Inventories9.1520.0220.1831.5726.572.5265.3270.5846.369.4677.8390.6689.65
Trade receivables31.4823.6788.1976.1176.293.08104.93139.87115.56132.33177.81150.44187.61
Cash Equivalents82.7463.5168.3373.8136.4419.4210.0940.1518.996.329.719.958.43
Loans n Advances37.4765.15108.77128.9331.568.53100.65118.72137.18137.28135.35125.74212.17
Total Assets2332514024524856297098217939051,0561,1001,177

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Cash from Operating Activity-26-2853830-30-48215017470213
Profit from operations21.3338.7565.2467.5293.4186.72104.89129.2156.14189.93223.07236.97
Working Capital Changes-43.79-30.9532.3-11.21-38.07-101.23-98.05-31.7118.6216.25-105.3834.45
Taxes paid-3.55-9.85-12.17-17.92-25.42-15.5-10.32-17.57-25.02-32.16-47.53-58.8
Cash from Investing Activity-11-17-21-31-73-46-52-39-53-109-100-78
Fixed Assets Purchased-6.83-4.28-21.38-20.1-39.37-74.42-64.86-53.94-36.55-74.75-79.17-66.9
Fixed Assets Sold00000.313.250.080.1201.90.241.55
Capital WIP000-0.58-0.0702.19.19-12.2000
Investments purchased-0.1-11.410-10.71-33.530-0.7-0.630-4.95-33.840
Investments sold000.79000.730010.6911.93039.03
Cash from Financing Activity36-0-66-2105946-13-118-6536-139
Proceeds from Shares0000007200000
Proceeds from Borrowings51.9131.97038.2465.47103026.5238.94-3.3290.6150.04
Repayment of Borrowings-8.25-18.87-35.1-14.88-30.58-5.47-30.630.02-91.3318.37-22.3-142.21
Interest Paid-5.33-8.05-23.03-12.01-11.06-20.09-10.95-14.48-7.24-7.66-10.69-13.8
Dividends Paid-3.04-6.08-9.12-12.13-13.86-17.32-9.05-9.05-30.77-68.62-18.1-27.15
Net Cash Flow-1-19-15-32-17-930-2106-4

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Ratios

Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
ROCE %10%16%25%22%26%23%19%19%23%26%26%24%
Debtor Days945177595347435742485743
Inventory Turnover12.7311.6020.7018.1918.1914.6212.7813.2217.2317.5615.4415.11

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