Solar Industries India quarterly results and financials

Solar Industries India (SOLARINDS)₹19,024+2.18%(9 Nov 2026 close)Explosives

Key facts

In the Jun 2026 quarter (consolidated), Solar Industries India reported sales of ₹3,669 Cr, up 70.4% from Jun 2025, and net profit of ₹665 Cr, up 88.6% year on year. For the year to Mar 2026, sales were ₹9,849 Cr and net profit ₹1,735 Cr.

Sales (Jun 2026): ₹3,669 Cr
Net profit (Jun 2026): ₹665 Cr
Sales (FY Mar 2026): ₹9,849 Cr
Net profit (FY Mar 2026): ₹1,735 Cr
EPS (Jun 2026): ₹72.41
Borrowings (Mar 2026): ₹1,526 Cr

Company filings, consolidated accounts; latest reported quarter Jun 2026

Solar Industries India quarterly results

₹ crore unless stated; each column is a quarter.

Solar Industries India Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	1,347	1,430	1,612	1,684	1,717	1,973	2,167	2,153	2,084	2,548	3,057	3,669
Expenses	1,010	1,072	1,255	1,233	1,268	1,444	1,626	1,616	1,528	1,838	2,223	2,649
Operating Profit	334	354	353	447	443	525	535	533	550	705	822	1,011
OPM %	25.0%	25.0%	22.0%	27.0%	26.0%	27.0%	25.0%	25.0%	26.0%	28.0%	27.0%	28.0%
Other Income	7.97	10.97	19.95	25.94	35.90	9.98	6.98	28.94	28.93	24.94	45.84	16.96
Interest	25.02	28.03	32.01	27.01	30.01	31.02	29.02	27.04	31.02	34.03	41.04	41.06
Depreciation	33.90	38.85	36.86	39.85	43.83	46.89	49.86	55.86	60.85	62.82	70.80	79.81
Profit before tax	284	298	305	407	406	458	463	480	489	634	757	909
Tax %	26.9%	26.0%	21.0%	26.0%	25.0%	25.9%	25.0%	26.9%	26.0%	27.0%	26.9%	26.9%
Net Profit	209	222	243	300	304	337	345	352	360	466	555	665
EPS (Rs)	22.18	22.56	26.08	31.78	31.72	34.95	35.73	37.57	38.27	49.48	60.76	72.41

Solar Industries India profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Solar Industries India Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,450	1,580	1,916	2,464	2,237	2,517	3,948	6,925	6,074	7,539	9,849	11,358
Expenses	1,142	1,253	1,502	1,957	1,798	1,998	3,192	5,567	4,579	5,504	7,108	8,237
Operating Profit	303	323	410	500	432	513	745	1,332	1,477	2,020	2,705	3,088
OPM %	21.0%	20.0%	21.0%	20.0%	19.0%	20.0%	19.0%	19.0%	24.0%	27.0%	28.0%	27.2%
Other Income	12.96	12.97	11.96	8.97	40.90	20.95	18.93	−15.96	−67.82	9.97	32.88	117
Interest	20.02	27.02	33.05	50.07	55.06	45.01	50.06	90.01	109	116	134	147
Depreciation	32.90	38.89	50.88	58.82	84.79	93.76	109	128	142	182	250	274
Profit before tax	263	271	339	401	335	396	605	1,100	1,159	1,736	2,359	2,789
Tax %	33.0%	28.0%	30.9%	30.9%	17.0%	27.0%	25.0%	26.0%	25.0%	26.0%	26.9%	—
Exceptional items	1.01	4.01	2.01	−3.01	0.00	0.00	−1.01	−32.07	−82.25	−49.16	−69.14	—
Net Profit	178	195	234	276	279	288	455	810	873	1,286	1,735	2,047
EPS (Rs)	18.14	20.67	24.44	29.03	29.65	30.63	48.92	83.99	92.72	134.11	186.10	220.92
Dividend payout %	25.0%	24.0%	25.0%	24.0%	20.0%	20.0%	15.0%	10.0%	9.0%	7.0%	6.0%	—

Solar Industries India balance sheet

₹ crore, at each year end.

Solar Industries India Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	18.04	18.04	18.04	18.04	18.03	18.04	18.05	18.05	18.04	18.04	18.03	18.04
Reserves	759	788	912	1,068	1,222	1,365	1,565	1,900	2,596	3,294	4,402	6,274
Borrowings	372	398	502	518	604	709	810	890	1,196	1,140	976	1,526
Other Liabilities	244	310	293	389	413	395	575	831	1,109	1,139	2,767	2,945
Total Liabilities	1,392	1,515	1,726	1,992	2,258	2,487	2,967	3,639	4,920	5,590	8,163	10,764
Fixed Assets	586	703	778	923	1,044	1,210	1,290	1,494	1,702	2,029	2,731	4,010
CWIP	61.08	30.04	91.15	107	178	165	293	230	282	491	708	732
Investments	37.09	40.10	53.12	17.04	33.10	2.01	1.01	18.03	99.27	371	678	183
Other Assets	708	742	804	944	1,003	1,109	1,384	1,896	2,836	2,701	4,047	5,839
Inventories	165	160	181	232	283	331	440	718	1,097	847	1,040	1,741
Trade receivables	191	271	320	364	400	371	456	542	826	846	1,241	1,861
Cash & equivalents	37.03	37.06	39.04	69.14	92.15	120	181	99.13	260	288	726	585
Total Assets	1,392	1,515	1,726	1,992	2,258	2,487	2,967	3,639	4,920	5,590	8,163	10,764

Solar Industries India cash flow

₹ crore, for each year.

Solar Industries India Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	230	243	118	254	313	325	357	298	655	1,405	2,465	621
Cash from investing activity	−149	−141	−170	−174	−254	−260	−253	−338	−613	−1,021	−1,658	−950
Cash from financing activity	−177	−92.19	53.16	−53.09	−52.09	−34.06	−26.05	−45.12	118	−371	−477	210
Net cash flow	−96.14	11.01	0.00	27.05	9.01	32.05	77.17	−85.10	160	14.01	331	−121
Capex	139	142	174	224	252	239	265	287	480	561	1,007	1,740
Free cash flow	118	103	−56.11	31.09	64.16	87.23	96.27	17.03	183	861	1,469	−1,074
CFO / OP %	112.0%	95.0%	55.0%	83.0%	88.0%	100.0%	90.0%	61.0%	68.0%	115.0%	142.0%	47.0%

Solar Industries India ratios

Working-capital days and returns, by year.

Solar Industries India Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	55	68	74	69	59	60	66	50	44	51	60	69
Inventory days	83	67	73	80	74	99	119	113	92	97	95	130
Days payable	31	45	36	49	43	46	78	73	41	37	45	47
Cash conversion cycle	106	90	111	100	90	113	108	90	95	111	110	152
Working capital days	51	34	27	32	17	21	33	41	31	39	37	74
ROCE %	19.0%	23.0%	21.9%	24.0%	26.0%	19.0%	18.9%	25.0%	36.0%	32.0%	38.0%	38.0%

Solar Industries India: frequently asked questions

What are the latest quarterly results of Solar Industries India?

For the Jun 2026 quarter, Solar Industries India reported sales of ₹3,669 Cr, up 70.4% year on year and net profit of ₹665 Cr, up 88.6% year on year. The operating margin was 28.0%.

What is the annual revenue of Solar Industries India?

Solar Industries India's sales for the year to Mar 2026 were ₹9,849 Cr; over the last twelve months they were ₹11,358 Cr.

What is the net profit of Solar Industries India?

Net profit for the year to Mar 2026 was ₹1,735 Cr, and ₹2,047 Cr over the last twelve months. Earnings per share over the same trailing period were ₹220.92.

How much debt does Solar Industries India have?

Solar Industries India reported borrowings of ₹1,526 Cr at Mar 2026, against cash and equivalents of ₹585 Cr.

What is the free cash flow of Solar Industries India?

Cash from operations was ₹621 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹1,074 Cr.

Loading…