1. Is Solar Industries India Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that Solar Industries India Ltd is a good quality company.
2. Is Solar Industries India Ltd undervalued or overvalued?
The key valuation ratios of Solar Industries India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
3. Is Solar Industries India Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Solar Industries India Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘ
Value Creation Index Colour Code Guide ⓘ
|ROCE % ⓘ||16.1%||16.5%||16.3%||15.6%||17.1%||15.5%||21%||19.2%||16.7%||17.9%||-|
|Value Creation Index ⓘ||0.2||0.2||0.2||0.2||0.3||0.2||0.6||0.4||0.2||0.6||-|
Growth Parameters ⓘ
Growth Parameters Colour Code Guide ⓘ
|YoY Gr. Rt. %||-||1.9%||12.3%||0.2%||11.9%||12%||30.6%||-9.1%||4.8%||59.6%||-|
|Adj EPS ⓘ||9.2||11.1||11.9||11.5||14.4||14.4||21.9||22.4||22||27.1||30|
|YoY Gr. Rt. %||-||20.2%||7.6%||-3.4%||24.7%||0.4%||52%||2.4%||-1.9%||23%||-|
|BVPS (₹) ⓘ||43.7||50.4||57.9||60.6||72.8||83.9||97.8||112.9||127.8||150.9||159.7|
|Adj Net Profit ⓘ||83.5||100||108||104||130||130||198||203||199||245||271|
|Cash Flow from Ops. ⓘ||-3.8||82.1||150||174||70.2||213||210||195||148||294||-|
|Debt/CF from Ops. ⓘ||-60.8||3.1||1||1||3.5||0.7||0.8||0.7||0.9||0.5||-|
CAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Adj EPS ⓘ||12.7%||13.5%||7.3%||23%|
Key Financial Parameters ⓘ
Performance Ratio Colour Code Guide ⓘ
|Return on Equity % ⓘ||25.1||23.6||22||19.5||21.5||18.4||24.1||21.3||18.3||19.4||19.3|
|Op. Profit Mgn % ⓘ||12.4||16.2||15.3||18||19.1||17.9||19.2||17.4||18.3||14.3||12.9|
|Net Profit Mgn % ⓘ||9.4||11.1||10.6||10.3||11.4||10.2||11.9||13.4||12.6||9.7||9.1|
|Debt to Equity ⓘ||0.6||0.6||0.3||0.3||0.4||0.2||0.2||0.1||0.1||0.1||-|
|Working Cap Days ⓘ||134||147||137||141||143||152||132||150||152||130||0|
|Cash Conv. Cycle ⓘ||44||57||45||33||43||53||38||44||52||49||0|
Sales growth is growing at healthy rate in last 3 years 14.98%
Sales growth is good in last 4 quarters at 60.84%
Return on Equity has declined versus last 3 years average to 19.30%
Net Profit has been subdued in last 3 years 7.31%
|TTM EPS (₹)||30||56.8|
|TTM Sales (₹ Cr.)||2,983||4,738|
|BVPS (₹.) ⓘ||159.7||231.7|
|Reserves (₹ Cr.) ⓘ||1,427||2,079|
|From the Market|
|52 Week Low / High (₹)||1987.25 / 3946.90|
|All Time Low / High (₹)||18.81 / 3946.90|
|Market Cap (₹ Cr.)||33,471|
|Equity (₹ Cr.)||18.1|
|Face Value (₹)||2|
|Industry PE ⓘ||37.3|
Solar Explosives, a Solar group company was incorporated on February 24, 1995 by Satyanarayan Nuwal, Nandlal Nuwal and Kailashchandra Nuwal. The journey of “Solar” Group started in the year 1984 when a proprietary firm Solar Explosives was formed by Satyanarayan Nuwal for trading in Explosives. In this year one of the, then largest Indian Explosive manufacturing company awarded its first consignment agency to Solar Explosives. The name of Solar Explosives Limited got changed to Solar Industries India Limited and the trading symbol of the company on NSE was changed from SOLAREX to SOLARINDS with effect from April 13, 2009.
Solar Group has evolved from a single site manufacturing company in 1995 to a globally recognised Industrial Explosives manufacturer today. With extensive experience, expertise and potential founded on years of experience in the Industrial Explosives segment, the company has entered into Defence and setup one of the world’s most integrated facilities for Ammunition.
Its innovation edge is rooted in a strategic blend of talented manpower and technological prowess. The company bank on its rich experience to create sustainable value and intend to accelerate towards excellence at an impressive pace. The company employ a comprehensive suite of robust best practice policies, and are committed to the safety, health, and wellbeing of people, communities and the environment.
Business area of the company
The company is one of the largest domestic manufacturer and supplier of bulk and cartridge explosives, detonators, detonating cords, and components.