Solar Industries

  • Market Cap: Large Cap
  • Industry: Other Chemical products
  • ISIN: INE343H01029
  • NSEID: SOLARINDS
  • BSEID: 532725
INR
17,770.50
298.6 (1.71%)
BSENSE

Jun 18

BSE+NSE Vol: 1.26 lacs

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-recommendationScore
Part of MojoOne Strategy
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy
Comparison
Company
Score
Quality
Valuation
Financial
Technical
Solar Industries
Prem. Explosives
Keltech Energies
Monolithisch Ind
Stallion India
Linde India
Refex Industries
PCBL Chemical
GOCL Corpn.
Ellen.Indl.Gas
Beezaasan Exp.
Why is Solar Industries India Ltd ?
1
Strong Long Term Fundamental Strength with an average Return on Capital Employed (ROCE) of 32.70%
  • Healthy long term growth as Net Sales has grown by an annual rate of 31.36% and Operating profit at 41.29%
  • Strong ability to service debt as the company has a low Debt to EBITDA ratio of 0.52 times
2
The company has declared Positive results for the last 8 consecutive quarters
  • PAT(Q) Highest at Rs 547.63 cr.
  • NET SALES(Q) Highest at Rs 3,052.75 cr
  • PBDIT(Q) Highest at Rs 825.97 cr.
3
Stock is technically in a Bullish range
  • The technical trend has improved from Mildly Bullish on 17-Jun-26 and has generated 1.71% returns since then
  • Multiple factors for the stock are Bullish like MACD, Bollinger Band and KST
4
Majority shareholders : Promoters
5
Consistent Returns over the last 3 years
  • Along with generating 3.96% returns in the last 1 year, the stock has outperformed BSE500 in each of the last 3 annual periods
stock-recommendationReal-Time Research Report
Verdict Report
How much should you buy?
  1. Overall Portfolio exposure to Solar Industries should be less than 10%
  2. Overall Portfolio exposure to Other Chemical products should be less than 30%

(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Other Chemical products)

When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock

Is Solar Industries for you?

Medium Risk, Medium Return

Absolute
Risk Adjusted
Volatility
Solar Industries
3.96%
0.13
31.51%
Sensex
-4.95%
-0.37
13.26%
stock-recommendationQuality
stock-summaryManagement Risk
stock-summaryGrowth
stock-summaryCapital Structure
stock-recommendation
Quality grade scale :

Below Average, Average, Good, Excellent

Quality key factors
Factor
Value
Sales Growth (5y)
31.36%
EBIT Growth (5y)
41.29%
EBIT to Interest (avg)
13.94
Debt to EBITDA (avg)
0.86
Net Debt to Equity (avg)
0.15
Sales to Capital Employed (avg)
1.45
Tax Ratio
26.58%
Dividend Payout Ratio
7.48%
Pledged Shares
1.76%
Institutional Holding
19.50%
ROCE (avg)
31.11%
ROE (avg)
26.30%
stock-recommendationValuation
Valuation Scorecard stock-summary
stock-recommendation
Valuation grade scale :

Very Risky, Risky, Very Expensive, Expensive, Fair, Attractive, Very Attractive

Valuation Key Factors stock-summary
Factor
Value
P/E Ratio
94
Industry P/E
42
Price to Book Value
25.19
EV to EBIT
67.08
EV to EBITDA
60.66
EV to Capital Employed
22.04
EV to Sales
16.17
PEG Ratio
2.44
Dividend Yield
0.06%
ROCE (Latest)
32.85%
ROE (Latest)
26.72%
Loading Valuation Snapshot...
stock-recommendationTechnicals
Technical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Mildly Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Mildly Bearish
Dow Theory
Mildly Bearish
No Trend
OBV
No Trend
No Trend
stock-recommendation Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
Technical Movement
stock-recommendationFinancial Trend
Financial Trend Scorecard stock-summary
stock-recommendation
Financial Trend scale:

Very Negative, Negative, Flat, Positive, Very Positive, Outstanding

23What is working for the Company
PAT(Q)

Highest at Rs 547.63 cr.

NET SALES(Q)

Highest at Rs 3,052.75 cr

PBDIT(Q)

Highest at Rs 825.97 cr.

PBT LESS OI(Q)

Highest at Rs 714.56 cr.

EPS(Q)

Highest at Rs 60.51

-8What is not working for the Company
INTEREST(Q)

Highest at Rs 41.27 cr

Loading Valuation Snapshot...
Here's what is working for Solar Industries
Net Sales - Quarterly
At Rs 3,052.75 cr has Grown at 40.90%
Year on Year (YoY)
MOJO Watch
Near term sales trend is very positive

Net Sales (Rs Cr)

Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 714.56 cr has Grown at 56.08%
Year on Year (YoY)
MOJO Watch
Near term PBT trend is very positive

PBT less Other Income (Rs Cr)

Profit After Tax (PAT) - Quarterly
Highest at Rs 547.63 cr. and Grown
each quarter in the last five quarters
MOJO Watch
Near term PAT trend is very positive

PAT (Rs Cr)

Profit After Tax (PAT) - Quarterly
At Rs 547.63 cr has Grown at 70.0%
Year on Year (YoY)
MOJO Watch
Near term PAT trend is very positive

PAT (Rs Cr)

Net Sales - Quarterly
Highest at Rs 3,052.75 cr
in the last five quarters
MOJO Watch
Near term sales trend is positive

Net Sales (Rs Cr)

Operating Profit (PBDIT) - Quarterly
Highest at Rs 825.97 cr.
in the last five quarters
MOJO Watch
Near term Operating Profit trend is positive

Operating Profit (Rs Cr)

Profit Before Tax less Other Income (PBT) - Quarterly
Highest at Rs 714.56 cr.
in the last five quarters
MOJO Watch
Near term PBT trend is positive

PBT less Other Income (Rs Cr)

Earnings per Share (EPS) - Quarterly
Highest at Rs 60.51
in the last five quarters
MOJO Watch
Increasing profitability; company has created higher earnings for shareholders

EPS (Rs)

Here's what is not working for Solar Industries
Interest - Quarterly
Highest at Rs 41.27 cr
in the last five quarters and Increased by 20.04 % (QoQ)
MOJO Watch
Rising interest cost signifies increased borrowings

Interest Paid (Rs cr)

Non Operating Income - Quarterly
Highest at Rs 44.47 cr
in the last five quarters
MOJO Watch
Increased income from non business activities may not be sustainable

Non Operating Income