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: 8,592 Cr.
  • Current Price: 949.50
  • 52 weeks High / Low 1350.00 / 772.05
  • Book Value: 152.51
  • Stock P/E: 32.13
  • Dividend Yield: 0.63 %
  • ROCE: 26.50 %
  • ROE: 22.80 %
  • Sales Growth (3Yrs): 19.33 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 2.00
Edit ratios
Pros:
Company has been maintaining a healthy dividend payout of 24.36%
Cons:

Peer comparison Sector: Chemicals // Industry: Chemicals

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
467 408 466 575 615 521 653 673 620 506 563 547
365 321 361 457 486 414 532 531 495 400 450 458
Operating Profit 102 87 104 118 128 107 121 142 125 107 113 90
OPM % 22% 21% 22% 21% 21% 21% 19% 21% 20% 21% 20% 16%
Other Income 2 3 3 4 8 4 3 -3 6 6 9 20
Interest 6 8 11 8 12 13 15 11 12 14 14 14
Depreciation 13 13 14 12 14 15 15 15 20 21 22 22
Profit before tax 86 70 83 101 110 83 95 113 99 78 87 73
Tax % 30% 31% 30% 33% 34% 34% 23% 34% 25% -12% 25% 27%
Net Profit 55 46 54 66 70 52 69 72 71 84 62 50
EPS in Rs 6.62 5.33 5.98 7.28 8.06 5.74 7.58 7.91 7.86 9.32 6.85 5.52
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
258 450 508 626 910 1,053 1,073 1,276 1,449 1,580 1,916 2,462 2,237
198 380 422 505 739 870 868 1,022 1,144 1,256 1,505 1,961 1,803
Operating Profit 59 70 86 121 171 183 205 254 304 324 412 500 434
OPM % 23% 16% 17% 19% 19% 17% 19% 20% 21% 20% 21% 20% 19%
Other Income 12 26 26 27 19 4 1 -2 13 13 12 10 41
Interest 11 23 13 13 24 18 20 18 20 27 33 50 55
Depreciation 6 6 8 8 13 17 22 31 33 39 51 59 85
Profit before tax 55 66 91 128 154 152 164 203 264 271 340 402 336
Tax % 34% 33% 35% 35% 28% 17% 21% 23% 33% 28% 31% 31%
Net Profit 36 44 59 76 101 116 118 147 164 187 221 262 267
EPS in Rs 12.85 13.09 15.92 16.80 20.21 24.37 28.91 29.55
Dividend Payout % 14% 18% 21% 18% 17% 17% 0% 21% 25% 24% 25% 24%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:18.53%
5 Years:18.06%
3 Years:19.33%
TTM:-9.12%
Compounded Profit Growth
10 Years:19.62%
5 Years:16.10%
3 Years:17.70%
TTM:0.68%
Stock Price CAGR
10 Years:26.59%
5 Years:5.15%
3 Years:2.36%
1 Year:-14.75%
Return on Equity
10 Years:22.50%
5 Years:21.66%
3 Years:21.97%
Last Year:22.80%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
17 17 17 17 17 18 18 18 18 18 18 18 18
Reserves 168 204 248 299 387 555 643 758 787 910 1,066 1,220 1,362
Borrowings 111 72 108 162 296 372 484 371 398 501 518 603 610
31 160 167 183 198 163 207 243 309 292 387 411 542
Total Liabilities 328 453 540 661 899 1,108 1,352 1,389 1,512 1,722 1,988 2,253 2,532
93 116 115 199 288 372 491 585 703 777 923 1,043 1,221
CWIP 4 4 21 29 50 61 81 61 30 91 107 178 152
Investments 5 4 10 12 11 49 25 37 40 53 17 33 2
226 329 394 421 550 626 755 706 739 801 940 1,000 1,156
Total Assets 328 453 540 661 899 1,108 1,352 1,389 1,512 1,722 1,988 2,253 2,532

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
7 101 42 33 48 113 170 230 243 118 254 258
-19 -29 -31 -100 -141 -155 -161 -149 -141 -170 -174 -198
-4 -71 10 40 92 72 31 -177 -92 53 -53 -52
Net Cash Flow -16 1 21 -27 -1 29 41 -96 11 0 27 9

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 23% 30% 31% 33% 31% 22% 19% 20% 24% 22% 24% 26%
Debtor Days 71 84 64 55 56 54 63 55 68 74 69 59
Inventory Turnover 4.92 8.58 10.13 8.06 5.78 4.75 4.19 4.68 5.51 5.43 5.24 5.55

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
73.15 73.15 73.15 73.15 73.15 73.15 73.15 73.15 73.15 73.15 73.15 73.15
1.62 1.67 1.52 1.33 1.33 1.40 1.39 1.76 3.61 3.59 3.99 4.41
20.27 20.03 20.05 20.19 20.18 20.15 20.27 20.26 18.61 18.58 18.23 17.68
4.96 5.15 5.28 5.34 5.34 5.30 5.20 4.83 4.63 4.69 4.64 4.76