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Solar Industries India Ltd.

18,836.25−591.75 (−3.05%)

BSE · 30 Oct, 4:01 PM

: ₹1,70,449.33 Cr
: 85.59
: 2,823
: ₹19,435.00 - ₹18,824.00
: ₹22,630.05 - ₹11,641.10

Solar Industries India Ltd. (SOLARINDS) share price closed at ₹18,836.25 on the BSE on Friday, October 30, 2026, down by 3.05% from its of ₹19,428.00. In that session SOLARINDS reached a of 19,435.00 and of 18,824.00. The for the session was 18,970.54. The stands at 19,956.55 and is at 16,903.12. Looking at , the stock ended the session in Downtrend.

Stock Overview

₹19,435.00

₹19,428.00

₹18,970.54

₹19,956.55

Price 5.61% below

₹16,903.12

Price 11.44% above

Key Fundamentals

: 1,70,449.33 Cr₹1.70 Lakh Crore
: 220.07
: 85.59
: 24.58
: 766.36
: 3,209.39 Cr₹3.21 Thousand Crore
: 0.06 %
Sector
Industry: Chemicals
: 32.49
: 0.23

Industry Comparison

Ratio	Company	Sector
	85.59	22.15
	0.23	0.21
	24.58	2.07
	2.06	1.78
	0.06 %	0.43 %
Operating Margin	26.65 %	10.79 %

Sector figures are the median of 163 listed Chemicals companies.

Peer Comparison

Name
Solar Industries India Ltd. SOLARINDS	18,836.25	85.59	1,70,449.33	0.06	666.37	88.98%	3,668.20	70.26%	38.16
PIDILITE PIDILITIND	1,460.00	55.40	1,48,706.43	1.47	626.46	7.16%	4,297.59	20.91%	32.38
SRF LIMITED SRF	2,344.00	30.44	69,481.98	0.38	509.12	31.16%	4,904.20	34.72%	14.21
FLUOROCHEM FLUOROCHEM	4,221.00	75.93	46,367.69	0.07	219.00	20.33%	1,588.00	23.97%	9.58
NAVIN FLUORI NAVINFLUOR	8,676.35	48.91	44,537.10	0.17	269.23	81.46%	1,190.74	57.00%	21.39
GODREJ IND GODREJIND	905.95	25.94	30,517.02	0.00	523.36	-27.85%	5,448.09	22.16%	10.64
AETHER AETHER	1,599.40	86.30	21,228.49	0.00	68.00	26.02%	347.22	23.96%	11.65
DEEPAKNTR DEEPAKNTR	1,510.00	19.51	20,595.35	0.49	397.68	234.89%	3,076.37	61.75%	11.58

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,610.71	1,684.80	1,715.83	1,973.08	2,166.55	2,154.45	2,082.22	2,548.32	3,052.75	3,668.20
Expenses	1,257.01	1,235.42	1,271.06	1,446.54	1,626.88	1,619.60	1,529.43	1,840.12	2,226.78	2,653.01
	353.70	449.38	444.77	526.54	539.67	534.85	552.79	708.20	825.97	1,015.19
	21.96%	26.67%	25.92%	26.69%	24.91%	24.83%	26.55%	27.79%	27.06%	27.68%
	17.65	24.29	30.45	9.54	6.55	29.26	29.18	25.07	44.47	8.52
Interest	31.52	27.47	29.74	30.51	28.78	27.43	30.89	34.38	41.27	41.26
	37.01	39.98	43.61	47.42	50.49	55.98	60.62	62.85	71.42	79.74
	305.38	408.29	406.97	459.11	464.37	480.76	489.52	635.91	759.03	911.46
	20.52%	26.39%	25.36%	26.49%	25.47%	26.65%	26.16%	26.63%	26.74%	26.89%
	235.05	286.46	285.88	314.87	322.23	338.70	344.97	446.25	547.63	652.55
	25.97	31.65	31.59	34.79	35.61	37.43	38.12	49.31	60.51	72.11

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
	3,984.67	6,922.53	6,069.52	7,540.26	9,837.74
	3,947.61	6,922.53	6,069.52	7,540.26	9,837.74
EXPENDITURE :
Increase/Decrease in Stock	-40.05	-37.39	83.62	-25.51	-177.98
Raw Material Consumed	2,367.38	4,379.76	3,112.55	4,004.50	5,071.70
Power & Fuel Cost	42.59	61.64	60.09	81.90	122.51
Employee Cost	267.47	330.60	400.45	547.02	765.64
Other Manufacturing Expenses	106.71	133.00	151.68	197.65	271.12
General and Administration Expenses	105.77	109.39	145.10	210.51	313.52
Selling and Distribution Expenses	225.22	367.51	363.97	424.67	630.26
Miscellaneous Expenses	137.96	289.10	382.85	157.39	219.16
	3,213.05	5,633.61	4,700.31	5,598.13	7,215.93
Operating Profit (Excl OI)	734.56	1,288.92	1,369.21	1,942.13	2,621.81
	32.36	31.52	44.47	89.06	127.98
	766.92	1,320.44	1,413.68	2,031.19	2,749.79
Interest	50.25	90.38	109.37	116.50	133.97
PBDT	716.67	1,230.06	1,304.31	1,914.69	2,615.82
	109.25	128.21	143.38	181.50	250.87
Profit Before Taxation & Exceptional Items	607.42	1,101.85	1,160.93	1,733.19	2,364.95
	607.42	1,101.58	1,161.28	1,738.74	2,365.22
Provision for Tax	151.95	290.41	286.05	450.81	628.58
	455.47	811.17	875.23	1,287.93	1,736.64
Extra items			0.00	0.00	0.00
Minority Interest	-14.19	-53.98	-39.30	-78.49	-59.09
Consolidated Net Profit	441.28	757.19	835.93	1,209.44	1,677.55
Profit Balance B/F	820.35	1,092.26	1,681.50	2,392.53	3,446.62
Appropriations	1,261.63	1,849.45	2,517.43	3,601.97	5,124.17
Equity Dividend %	375.00%	400.00%	425.00%	500.00%	550.00%
	48.76	83.67	92.37	133.64	185.36
Adjusted EPS	48.76	83.67	92.37	133.64	185.36

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	18.10	18.10	18.10	18.10	18.10
Total Reserves	1,896.18	2,592.24	3,287.50	4,395.12	6,259.10
Reserve excluding Revaluation Reserve	1,896.18	2,592.24	3,287.50	4,395.12	6,259.10
Revaluation reserve	0.00			0.00
	1,914.28	2,610.34	3,305.60	4,413.22	6,277.20
Minority Interest	100.63	140.36	121.65	160.16	271.70
Secured Loans	397.76	390.99	472.72	320.98	791.64
Unsecured Loans	38.10	81.72	110.83	72.90	28.72
Deferred Tax Assets / Liabilities	42.26	31.42	37.62	63.21	85.75
Other Long Term Liabilities	17.51	18.95	23.76	992.63	825.96
Long Term Provisions	1.00	2.64	3.44	5.32	2.85
Total Non-Current Liabilities	496.63	525.72	648.37	1,455.04	1,734.92
Trade Payables	464.94	488.48	552.65	887.13	916.97
Other Current Liabilities	382.50	733.83	715.72	931.12	1,189.47
Short Term Borrowings	237.07	333.01	198.88	218.77	281.09
Short Term Provisions	33.37	77.00	34.17	76.86	61.36
Total Current Liabilities	1,117.88	1,632.32	1,501.42	2,113.88	2,448.89
Total Liabilities	3,629.42	4,908.74	5,577.04	8,142.30	10,732.71
Gross Block	1,923.56	2,210.20	2,614.55	3,503.83	5,022.64
Less: Accumulated Depreciation	430.83	508.37	586.83	775.06	1,016.41
	1,492.73	1,701.83	2,027.72	2,728.77	4,006.23
	221.13	279.40	487.36	703.38	691.84
Non Current Investments	18.22	78.51	156.47	147.30	182.69
Long Term Investment	18.22	78.51	156.47	147.30	182.69
Long Term Loans & Advances	220.21	345.02	254.52	429.79	748.93
Other Non Current Assets	4.03		0.16	2.95	26.57
Total Non-Current Assets	1,965.56	2,407.39	2,928.66	4,015.79	5,695.25
Currents Investments		20.00	213.44	528.97
Inventories	718.87	1,097.99	846.82	1,039.98	1,741.86
Sundry Debtors	541.10	825.28	844.85	1,238.58	1,857.86
Cash and Bank	98.75	260.09	287.26	725.48	584.14
Other Current Assets	35.24	31.33	69.05	120.19	152.54
Short Term Loans and Advances	266.99	266.66	386.96	469.33	701.06
Total Current Assets	1,660.95	2,501.35	2,648.38	4,122.53	5,037.46
Net Current Assets (Including Current Investments)	543.07	869.03	1,146.96	2,008.65	2,588.57
Total Assets	3,629.42	4,908.74	5,577.04	8,142.30	10,732.71
	8.53	8.03	21.99	18.61	15.27
Total Debt	866.37	1,170.50	1,105.23	939.59	1,467.84
	211.52	288.44	365.26	487.65	693.61
Adjusted Book Value	211.52	288.44	365.26	487.65	693.61

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	607.42	1,101.85	1,160.93	1,733.19	2,364.95
Adjustment	162.27	335.76	364.21	323.05	495.64
Changes In working Capital	-312.29	-526.72	180.42	814.38	-1,577.27
Cash Flow after changes in Working Capital	457.40	910.89	1,705.56	2,870.62	1,283.32
Cash Flow from Operating Activities	297.80	656.48	1,406.01	2,467.56	620.87
Cash Flow from Investing Activities	-303.05	-518.97	-727.34	-1,593.21	-1,163.83
Cash Flow from Financing Activitie	-45.40	118.16	-370.28	-476.36	209.46
Net Cash Inflow / Outflow	-50.65	255.67	308.39	397.99	-333.50
Opening Cash & Cash Equivalents	169.93	84.67	245.04	258.98	590.43
Cash & Cash Equivalent on Amalgamation / Take over / Merger		-23.65	-62.73	-26.46	-46.77
Cash & Cash Equivalent of Subsidiaries under liquidations			0.29	15.36
Effect of Foreign Exchange Fluctuations	-34.61	-71.65	-232.01	-55.44	259.28
Closing Cash & Cash Equivalent	84.67	245.04	258.98	590.43	469.44

Ratios

Valuation

85.59

24.58

53.38

15.02

220.07

766.36

Profitability

32.49

38.16

18.40

26.65

17.65

Leverage & Liquidity

0.23

2.06

18.65

Returns

0.06

1.04

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26	Sep '26
	73.15	73.15	73.15	73.15	73.15	73.15	73.15	73.15	73.15	73.15
	20.30	20.21	20.01	19.93	20.37	20.00	19.64	19.50	19.76	19.68
	6.55	6.65	6.84	6.92	6.48	6.85	7.21	7.35	7.10	7.16
	26.85	26.85	26.85	26.85	26.85	26.85	26.85	26.85	26.85	26.85
No. of Shareholders	72,853	78,402	83,959	95,380	97,712	1,05,014	1,13,869	1,15,917	1,16,877	1,39,491

Mutual Funds Invested(312)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 178 active funds hold 10.80% in Solar Industries India Ltd., contributing to ₹19.26K Cr of holdings

Fund				As of
SB SBI Aggressive Hybrid Fund - Growth - Direct PlanHybrid - Aggressive Hybrid Fund	3,497.73	4.06	17,75,495	Sep '26
SB SBI Focused Fund - Growth - Direct PlanEquity - Focused Fund	2,167.00	4.32	11,00,000	Sep '26
KO Kotak Flexi Cap Fund - Growth - Direct PlanFlexi Cap Fund	1,970.00	3.71	10,00,000	Sep '26
KO Kotak Mid Cap Fund - Growth - Direct PlanMid Cap Fund	1,602.43	2.41	8,13,415	Sep '26
HD HDFC Defence Fund - Growth - Direct PlanEquity - Thematic Fund - Other	1,182.00	10.28	6,00,000	Sep '26
MO Motilal Oswal Nifty India Defence Index Fund - Growth - Direct PlanIndex Funds - Other	647.09	11.91	3,28,470	Sep '26
AX Axis Midcap Fund - Growth - Direct PlanMid Cap Fund	622.29	1.86	3,15,883	Sep '26
MO Motilal Oswal Large & Midcap Fund - Growth - Direct PlanLarge & Mid Cap	480.88	2.42	2,44,100	Sep '26
CR Canara Robeco Large and Mid Cap Fund - Growth - Direct PlanLarge & Mid Cap	475.19	1.93	2,41,215	Sep '26
ED Edelweiss Mid Cap Fund - Growth - Direct PlanMid Cap Fund	401.74	2.09	2,03,930	Sep '26

Corporate Actions

Showing: All

Date	Type	Details
2026-10-27	Board Meeting	Quarterly Results
2026-08-06	Board Meeting	Quarterly Results
2026-05-27	AGM

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

ChemicalsChemicals

Solar Industries India Ltd. operates in the Chemicals sector under the Chemicals industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

10 members across the board and senior leadership

Khushboo Pasari

Company Secretary & Compliance Officer

—

Satyanarayan Nuwal

Chairman

—

Ramesh Bhujang

Non Executive Independent Director

₹1.00 L

Mar '26

Manish Nuwal

Managing Director & Chief Executive Officer

₹38.59 Cr

Mar '26

Rashmi Prasad

Non Executive Independent Director

₹9.50 L

Mar '25

Viswanathan Lakshmanan

Non Executive Independent Director

₹5.00 L

Mar '26

Girija Balakrishnan

Non Executive Independent Director

₹5.40 L

Mar '26

Milind Deshmukh

Whole Time Director

₹1.17 Cr

Mar '26

Suresh Menon

Whole Time Director

₹1.53 Cr

Mar '26

Reena Jha Tripathi

Non Executive Independent Director

—

SOLARINDS Latest News

News

9 of 9 articles

EQUITY16 Oct 2026 · 11:35

Solar Industries India rises as its arm to acquire 100% stake in Sivasakthi

The transaction is expected to be completed within a period of 12 months

COMPANY16 Oct 2026 · 11:19

Solar Industries India’s arm to acquire 100% stake in Sivasakthi

The transaction is expected to be completed within a period of 12 months.

COMPANY15 Sept 2026 · 11:19

Solar Industries India’s arm to acquire Omnia Holdings for Rs 12,951 crore

Solar SA and Omnia Holdings have inked definitive agreements for the acquisition

EQUITY15 Jul 2026 · 15:07

Solar Industries India informs about newspaper clippings

COMPANY29 May 2026 · 12:39

Solar Industries along with arm bags export orders worth Rs 1076 crore

The orders involve supply of Defence Products

EQUITY18 May 2026 · 11:35

Solar Industries India surges on reporting 70% jump in Q4 consolidated net profit

Consolidated total income of the company increased by 42.53% at Rs 3,097.22 crore for Q4FY26

COMPANY16 May 2026 · 18:00

Solar Industries India reports 70% jump in Q4 consolidated net profit

Consolidated total income of the company increased by 42.53% at Rs 3,097.22 crore for Q4FY26

EQUITY16 May 2026 · 12:35

Solar Industries India informs about audio recording of earnings call

EQUITY15 May 2026 · 14:45

Solar Industries reports Profit after tax of Rs 3777.80 Mln, in the March 2026 quarter

Solar Industries India Ltd.

Stock Overview

Price chart

Peer Comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Valuation

Profitability

Leverage & Liquidity

Returns

Shareholding Pattern

Mutual Funds Invested(312)

Corporate Actions

Insider Trading

Sector Overview

Company Profile

Key Management

SOLARINDS Latest News

News