Solar Industries India Ltd
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.
- Market Cap ₹ 10,637 Cr.
- Current Price ₹ 1,175
- High / Low ₹ 1,350 / 772
- Stock P/E 62.4
- Book Value ₹ 116
- Dividend Yield 0.51 %
- ROCE 23.9 %
- ROE 22.4 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 32.99%
Cons
- Stock is trading at 10.17 times its book value
- The company has delivered a poor sales growth of 9.74% over past five years.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
313 | 393 | 388 | 357 | 436 | 482 | 403 | 329 | 385 | 392 | 301 | 348 | |
260 | 324 | 312 | 296 | 363 | 383 | 324 | 270 | 319 | 334 | 252 | 283 | |
Operating Profit | 53 | 69 | 77 | 62 | 73 | 98 | 80 | 60 | 66 | 58 | 49 | 66 |
OPM % | 17% | 18% | 20% | 17% | 17% | 20% | 20% | 18% | 17% | 15% | 16% | 19% |
Other Income | 4 | 5 | 8 | 8 | 4 | -1 | 7 | 9 | 8 | 12 | 8 | 4 |
Interest | 4 | 4 | 3 | 3 | 4 | 2 | 2 | 4 | 4 | 2 | 2 | 2 |
Depreciation | 7 | 7 | 7 | 7 | 7 | 8 | 8 | 9 | 9 | 9 | 9 | 9 |
Profit before tax | 47 | 64 | 75 | 59 | 66 | 88 | 76 | 56 | 61 | 59 | 46 | 59 |
Tax % | 35% | 35% | 35% | 35% | 30% | 34% | 34% | -28% | 23% | 24% | 23% | 26% |
Net Profit | 30 | 42 | 49 | 38 | 46 | 58 | 50 | 72 | 47 | 44 | 35 | 44 |
EPS in Rs | 3.37 | 4.60 | 5.39 | 4.25 | 5.11 | 6.42 | 5.52 | 7.95 | 5.20 | 4.92 | 3.89 | 4.82 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
389 | 437 | 490 | 682 | 832 | 856 | 950 | 1,016 | 1,137 | 1,273 | 1,663 | 1,512 | 1,426 | |
352 | 394 | 421 | 599 | 733 | 733 | 794 | 832 | 920 | 1,046 | 1,350 | 1,248 | 1,187 | |
Operating Profit | 37 | 43 | 69 | 82 | 99 | 123 | 155 | 184 | 217 | 228 | 313 | 263 | 239 |
OPM % | 9% | 10% | 14% | 12% | 12% | 14% | 16% | 18% | 19% | 18% | 19% | 17% | 17% |
Other Income | 29 | 25 | 25 | 25 | 8 | 7 | 10 | 14 | 13 | 18 | 15 | 35 | 32 |
Interest | 23 | 12 | 12 | 20 | 11 | 14 | 7 | 8 | 14 | 14 | 12 | 12 | 10 |
Depreciation | 5 | 6 | 7 | 8 | 10 | 13 | 18 | 18 | 19 | 26 | 29 | 34 | 36 |
Profit before tax | 37 | 49 | 76 | 79 | 85 | 103 | 140 | 173 | 197 | 205 | 287 | 252 | 225 |
Tax % | 33% | 36% | 34% | 23% | 11% | 18% | 23% | 37% | 33% | 35% | 33% | 15% | |
Net Profit | 25 | 31 | 50 | 61 | 76 | 84 | 108 | 109 | 133 | 134 | 191 | 213 | 170 |
EPS in Rs | 8.38 | 9.26 | 11.92 | 12.03 | 14.65 | 14.84 | 21.16 | 23.58 | 18.83 | ||||
Dividend Payout % | 31% | 39% | 28% | 28% | 26% | 26% | 29% | 37% | 34% | 40% | 33% | 25% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 10% |
3 Years: | 10% |
TTM: | -14% |
Compounded Profit Growth | |
---|---|
10 Years: | 21% |
5 Years: | 13% |
3 Years: | 18% |
TTM: | -26% |
Stock Price CAGR | |
---|---|
10 Years: | 26% |
5 Years: | 13% |
3 Years: | 1% |
1 Year: | -0% |
Return on Equity | |
---|---|
10 Years: | 22% |
5 Years: | 22% |
3 Years: | 22% |
Last Year: | 22% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
17 | 17 | 17 | 17 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | |
Reserves | 158 | 175 | 210 | 252 | 378 | 438 | 506 | 530 | 641 | 741 | 867 | 1,003 | 1,028 |
Borrowings | 79 | 103 | 137 | 235 | 232 | 254 | 155 | 176 | 246 | 152 | 171 | 129 | 165 |
147 | 157 | 120 | 125 | 82 | 112 | 114 | 176 | 145 | 190 | 236 | 234 | 259 | |
Total Liabilities | 402 | 452 | 485 | 629 | 709 | 821 | 793 | 900 | 1,050 | 1,101 | 1,292 | 1,384 | 1,471 |
88 | 88 | 120 | 179 | 233 | 275 | 288 | 351 | 403 | 420 | 470 | 545 | 544 | |
CWIP | 3 | 16 | 18 | 19 | 17 | 8 | 20 | 12 | 16 | 35 | 74 | 32 | 43 |
Investments | 25 | 36 | 69 | 68 | 81 | 69 | 59 | 66 | 102 | 66 | 92 | 130 | 130 |
287 | 312 | 277 | 362 | 378 | 469 | 426 | 470 | 528 | 581 | 656 | 677 | 754 | |
Total Assets | 402 | 452 | 485 | 629 | 709 | 821 | 793 | 900 | 1,050 | 1,101 | 1,292 | 1,384 | 1,471 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
85 | 38 | 30 | -30 | -4 | 82 | 150 | 174 | 70 | 213 | 210 | 195 | |
-21 | -31 | -73 | -46 | -52 | -39 | -53 | -109 | -100 | -78 | -129 | -11 | |
-66 | -2 | 10 | 59 | 46 | -13 | -118 | -65 | 36 | -139 | -65 | -141 | |
Net Cash Flow | -1 | 5 | -32 | -17 | -9 | 30 | -21 | 0 | 6 | -4 | 16 | 43 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | 25% | 22% | 26% | 23% | 19% | 19% | 23% | 26% | 26% | 24% | 31% | 24% |
Debtor Days | 83 | 64 | 57 | 50 | 46 | 60 | 44 | 48 | 57 | 45 | 41 | 50 |
Inventory Turnover | 14.46 | 12.37 | 10.69 | 9.35 | 8.15 | 8.06 | 10.89 | 12.31 | 10.41 | 9.95 | 11.92 | 10.14 |
Documents
Add documentRecent announcements
- Board Meeting Intimation for Regulation 29, 30, 33 And Other Applicable Regulations Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015. 2d
- Shareholding for the Period Ended December 31, 2020 12 Jan
- Statement Of Investor Complaints For The Quarter Ended December 2020 9 Jan
- Closure of Trading Window 30 Dec
- Intimation For Issuance And Listing Of Commercial Paper 23 Dec 2020
View all
Annual reports
- Financial Year 2020 from bse
- Financial Year 2019 from bse
- Financial Year 2018 from bse
- Financial Year 2017 from bse
- Financial Year 2016 from bse
- Financial Year 2015 from bse
- Financial Year 2014 from bse
- Financial Year 2013 from bse
- Financial Year 2012 from bse
- Financial Year 2011 from bse
- Financial Year 2010 from bse