S

Solar Industries India Limited

SOLARINDSNSE
Market snapshot · 2026-08-11 16:44 UTC

18,770.00

₹-50.00 (-0.27%)

MARKET CAP

₹1.70L Cr

STOCK P/E

100.7x

52W HIGH

₹19,187.00

52W LOW

₹11,646.00

BOOK VALUE

₹693.69

EPS

₹186.32

ROE

31.23%

SECTOR

Materials

DEBT/EQUITY

23.27

VOLUME

81,482

P/B RATIO

27.06x

PEG RATIO

1.44

Sector

Materials

Themes

Commodity ChemicalsSolar EnergyEngineering
D
Dividend
E
Earnings
₹18,770.00₹17,053.49₹15,336.99₹13,620.48₹11,903.97VolumeEEEDAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for SOLARINDS.

13.00 analysts

Price Forecast

Current
₹18,770
High Target
₹22,004
▲ +17.2%
Median Target
₹20,180
▲ +7.5%
Low Target
₹10,300
▼ -45.1%
Now₹18,770High ₹22,004Median ₹20,180Low ₹10,300Aug '25Now12M Target
Price history (1Y)
Analyst target range
13 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹15,545 - ₹23,29680%
6M₹14,493 - ₹25,68380%
12M₹13,233 - ₹29,72180%
Realized vol: +31.6% · Drift: +10.5%

Revenue Forecast

₹ Cr
Dec '25Current₹1,493.0
Sep 2026 ETrend estimate range
High₹1,542.0Base₹1,427.7Low₹1,313.5
Mar '25: ₹1,299.0 · Jun '25: ₹1,387.0 · Sep '25: ₹1,125.0 · Dec '25: ₹1,493.0 · Sep '26: ₹1,427.7 · Dec '26: ₹1,894.8
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E1,299.01,387.01,125.01,493.01,427.71,894.8
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Dec '25Current₹36.41
Sep 2026 ETrend estimate range
High₹42.40Base₹37.86Low₹33.32
Mar '25: ₹25.09 · Jun '25: ₹30.89 · Sep '25: ₹25.96 · Dec '25: ₹36.41 · Sep '26: ₹37.86 · Dec '26: ₹53.10
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E25.0930.8925.9636.4137.8653.10
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
65%
Analyst Consensus
Weakening

From 13 analysts

Mean upside+3.5%

Fundamentals

Strong

Fundamentals institutional score is 98 using EVA spread proxy 19.2%; growth durability 95.2.

Valuation

Premium valuation

Valuation institutional score is 40 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 48 using mean target upside 3.5%; dispersion penalty 24.1; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 89 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Sentiment weakening

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 3 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. fundamentals and technical structure provide support, while valuation and analyst consensus remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Premium valuationAnalyst Consensus NeutralTechnical Structure Strong TrendMarket Sentiment Sentiment weakening

Key Data Points

Mean Target Price19,421 target
Mean Upside+3.5%
Technical Score89%
Fundamental Score98%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 69.9% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +1.95). Confidence: 67%.

Live forward EPS implies next-12-month EPS of ₹333.25. Applying the stock's normalized valuation corridor produces a fair range of ₹15,822.71 to ₹25,010.41, with base value near ₹19,761.72 (+5.3% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Inside normalized range

Forward EPS

₹333.25

Forward P/E

56.3x

Base Fair Value

₹19,761.72

Fair Range

₹15,822.71 - ₹25,010.41

Upside To Base

+5.3%

Estimate Source

Live forward EPS

Growth Estimate

+70.0%

P/E
Strongly Overvalued

5Y Average

44.92

Current

100.74

Overvalued

75.05

Undervalued

47.48

EV/EBITDA
Strongly Overvalued

5Y Average

29.28

Current

65.66

Overvalued

43.63

Undervalued

13.25

P/B
Fair

5Y Average

26.38

Current

27.06

Overvalued

27.31

Undervalued

23.83

Peers & Comparison

Sector: Materials · Theme: Commodity Chemicals

Commodity Chemicals Peers2 peers
Avg P/E: 78.1x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
HIMADRI SPECIALITY CHEM L
HSCLCommodity Chemicals
+28.0%16.1%
47.5x
Undervalued
-39% vs avg
+64.5%
LINDE INDIA LIMITED
LINDEINDIACommodity Chemicals
+13.1%21.7%
108.7x
Premium
+39% vs avg
+13.4%
WHY THESE PEERS

SOLAR INDUSTRIES (I) LTD trades at a premium (100.7x vs peer avg 78.1x), implying higher growth or quality expectations from the Commodity Chemicals cohort. Peers include HIMADRI SPECIALITY CHEM L, LINDE INDIA LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹1.49K CrDec 2025

Latest net profit

₹332 CrDec 2025

Latest EPS

₹36.41Dec 2025

Net margin

27.7%Dec 2025

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '260.0%7.0%14.0%21.0%28.0%0.00 Cr400 Cr800 Cr1.20K Cr1.60K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '260.00 Cr400 Cr800 Cr1.20K Cr1.60K Cr₹0₹10₹20₹30₹40
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOperatingprofitOther incomeInterestProfitbefore taxTax & otherNet Profit0.00 Cr400 Cr800 Cr1.20K Cr1.60K Cr

Latest reported period: Dec 2025

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
20212022202320242025-300 Cr0.00 Cr300 Cr600 Cr900 Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales1,2539838309021,0021,0459051,2071,2991,3871,1251,493
Expenses1,0167906317107517866749189811,0128351,054
Operating Profit223178183176234241213270298352265413
OPM %17.79%18.1%22.1%19.48%23.36%23.09%23.55%22.4%22.9%25.41%23.57%27.68%
Other Income3.1813.9213.5617.6813.1825.7831.6411.814.5329.6756.5837.51
Interest11.637.646.337.737.886.246.737.888.086.746.265.68
Depreciation14.7315.3215.7216.1316.216.9317.8619.120.7523.1324.7325.43
Profit before tax215184191186239261238274304375315445
Tax %26.32%25.44%25.97%25.52%25.59%25.52%25.49%25.5%25.55%25.53%25.53%25.43%
Net Profit158137141138178194177204226280235332
EPS in Rs17.4715.1915.6015.2919.8221.4619.6122.5925.0930.8925.9636.41

All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.

Shareholding Pattern

HolderMar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters73.15%73.15%73.15%73.15%73.15%
FII5.82%6.79%7.11%6.74%6.59%
DII14.10%13.58%12.89%12.90%12.89%
Public5.23%4.75%5.00%5.33%5.49%
Others1.70%1.73%1.85%1.88%1.88%
Mar 2026
Promoters
FII
DII
Public
Others

Events Timeline

Concall Transcript - FY2027

Jun 02, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

May 18, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

May 16, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

May 12, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

May 08, 2026PDFKnowledge Base Open