Solar Industries India Limited
Solar Industries India Limited, together with its subsidiaries, engages in the manufacture and sale of industrial explosives and explosive initiating devices in India and internationally. It offers industrial explosives, such as bulk and packaged explosives; and initiating systems, including electronic, electric, non-electric, and plain detonators, as well as cord relays, cast boosters, detonatin… Read more
Solar Industries India Limited (SOLARINDS) - Net Assets
Latest net assets as of September 2025: ₹53.31 Billion INR
Based on the latest financial reports, Solar Industries India Limited (SOLARINDS) has net assets worth ₹53.31 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹90.17 Billion) and total liabilities (₹36.86 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹53.31 Billion |
| % of Total Assets | 59.12% |
| Annual Growth Rate | 24.87% |
| 5-Year Change | 176.27% |
| 10-Year Change | 412.44% |
| Growth Volatility | 38.12 |
Solar Industries India Limited - Net Assets Trend (2005–2025)
This chart illustrates how Solar Industries India Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Solar Industries India Limited (2005–2025)
The table below shows the annual net assets of Solar Industries India Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹45.37 Billion | +32.37% |
| 2024-03-31 | ₹34.27 Billion | +24.60% |
| 2023-03-31 | ₹27.51 Billion | +36.52% |
| 2022-03-31 | ₹20.15 Billion | +22.70% |
| 2021-03-31 | ₹16.42 Billion | +14.70% |
| 2020-03-31 | ₹14.32 Billion | +11.34% |
| 2019-03-31 | ₹12.86 Billion | +13.67% |
| 2018-03-31 | ₹11.31 Billion | +16.76% |
| 2017-03-31 | ₹9.69 Billion | +9.44% |
| 2016-03-31 | ₹8.85 Billion | +7.57% |
| 2015-03-31 | ₹8.23 Billion | +17.63% |
| 2014-03-31 | ₹7.00 Billion | +14.09% |
| 2013-03-31 | ₹6.13 Billion | +38.62% |
| 2012-03-31 | ₹4.42 Billion | +28.80% |
| 2011-03-31 | ₹3.43 Billion | +29.47% |
| 2010-03-31 | ₹2.65 Billion | +20.10% |
| 2009-03-31 | ₹2.21 Billion | +18.84% |
| 2008-03-31 | ₹1.86 Billion | +8.78% |
| 2007-03-31 | ₹1.71 Billion | +10.51% |
| 2006-03-31 | ₹1.55 Billion | +189.69% |
| 2005-03-31 | ₹533.77 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Solar Industries India Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 4581070000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹45.81 Billion | 104.44% |
| Common Stock | ₹181.00 Million | 0.41% |
| Other Comprehensive Income | ₹-3.62 Billion | -8.25% |
| Other Components | ₹1.49 Billion | 3.40% |
| Total Equity | ₹43.86 Billion | 100.00% |
Solar Industries India Limited Competitors by Market Cap
The table below lists competitors of Solar Industries India Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MERLIN Properties SOCIMI S.A
PINK:MRPRF
|
$3.87 Billion |
|
Tanger Factory Outlet Centers Inc
NYSE:SKT
|
$3.87 Billion |
|
Yue Yuen Industrial Holdings
PINK:YUEIY
|
$3.87 Billion |
|
Yunnan Chuangxin New Material Co Ltd
SHE:002812
|
$3.88 Billion |
|
Union Bank of India
NSE:UNIONBANK
|
$3.87 Billion |
|
Structure Therapeutics Inc. American Depositary Shares
NASDAQ:GPCR
|
$3.87 Billion |
|
REINET INVESTMENTS S.C.A.
F:RNT
|
$3.87 Billion |
|
Colliers International Group Inc
F:FSV
|
$3.86 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Solar Industries India Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 33,056,000,000 to 43,863,400,000, a change of 10,807,400,000 (32.7%).
- Net income of 12,094,400,000 contributed positively to equity growth.
- Dividend payments of 769,200,000 reduced retained earnings.
- Other comprehensive income decreased equity by 555,600,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹12.09 Billion | +27.57% |
| Dividends Paid | ₹769.20 Million | -1.75% |
| Other Comprehensive Income | ₹-555.60 Million | -1.27% |
| Other Changes | ₹37.80 Million | +0.09% |
| Total Change | ₹- | 32.69% |
Book Value vs Market Value Analysis
This analysis compares Solar Industries India Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 28.95x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 2277.41x to 28.95x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹6.16 | ₹14034.00 | x |
| 2006-03-31 | ₹17.85 | ₹14034.00 | x |
| 2007-03-31 | ₹19.72 | ₹14034.00 | x |
| 2008-03-31 | ₹21.45 | ₹14034.00 | x |
| 2009-03-31 | ₹25.49 | ₹14034.00 | x |
| 2010-03-31 | ₹30.62 | ₹14034.00 | x |
| 2011-03-31 | ₹36.49 | ₹14034.00 | x |
| 2012-03-31 | ₹46.71 | ₹14034.00 | x |
| 2013-03-31 | ₹64.48 | ₹14034.00 | x |
| 2014-03-31 | ₹73.11 | ₹14034.00 | x |
| 2015-03-31 | ₹85.74 | ₹14034.00 | x |
| 2016-03-31 | ₹95.86 | ₹14034.00 | x |
| 2017-03-31 | ₹102.62 | ₹14034.00 | x |
| 2018-03-31 | ₹119.78 | ₹14034.00 | x |
| 2019-03-31 | ₹136.85 | ₹14034.00 | x |
| 2020-03-31 | ₹152.51 | ₹14034.00 | x |
| 2021-03-31 | ₹174.54 | ₹14034.00 | x |
| 2022-03-31 | ₹211.55 | ₹14034.00 | x |
| 2023-03-31 | ₹288.47 | ₹14034.00 | x |
| 2024-03-31 | ₹365.30 | ₹14034.00 | x |
| 2025-03-31 | ₹484.72 | ₹14034.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Solar Industries India Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 27.57%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.04%
- • Asset Turnover: 0.91x
- • Equity Multiplier: 1.88x
- Recent ROE (27.57%) is above the historical average (21.13%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 28.09% | 13.05% | 1.04x | 2.08x | ₹96.54 Million |
| 2006 | 14.33% | 14.84% | 0.63x | 1.54x | ₹66.97 Million |
| 2007 | 11.25% | 9.32% | 0.69x | 1.75x | ₹21.36 Million |
| 2008 | 19.44% | 12.86% | 0.86x | 1.76x | ₹175.36 Million |
| 2009 | 19.99% | 9.05% | 1.08x | 2.04x | ₹220.53 Million |
| 2010 | 22.09% | 10.51% | 1.03x | 2.04x | ₹320.69 Million |
| 2011 | 23.92% | 10.46% | 1.09x | 2.09x | ₹439.93 Million |
| 2012 | 25.01% | 10.46% | 1.08x | 2.22x | ₹607.43 Million |
| 2013 | 20.31% | 10.37% | 1.01x | 1.93x | ₹590.22 Million |
| 2014 | 17.90% | 10.45% | 0.84x | 2.04x | ₹522.84 Million |
| 2015 | 19.00% | 10.90% | 0.97x | 1.79x | ₹698.19 Million |
| 2016 | 19.15% | 11.47% | 0.94x | 1.78x | ₹793.83 Million |
| 2017 | 19.97% | 11.74% | 0.92x | 1.85x | ₹925.81 Million |
| 2018 | 20.35% | 11.51% | 0.96x | 1.84x | ₹1.12 Billion |
| 2019 | 21.13% | 10.63% | 1.08x | 1.84x | ₹1.38 Billion |
| 2020 | 19.38% | 11.95% | 0.88x | 1.83x | ₹1.29 Billion |
| 2021 | 17.50% | 10.99% | 0.83x | 1.92x | ₹1.18 Billion |
| 2022 | 23.05% | 11.18% | 1.06x | 1.95x | ₹2.50 Billion |
| 2023 | 29.01% | 10.94% | 1.37x | 1.93x | ₹4.96 Billion |
| 2024 | 25.29% | 13.77% | 1.06x | 1.74x | ₹5.05 Billion |
| 2025 | 27.57% | 16.04% | 0.91x | 1.88x | ₹7.71 Billion |
Industry Comparison
This section compares Solar Industries India Limited's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $2,571,777,102
- Average return on equity (ROE) among peers: 15.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Solar Industries India Limited (SOLARINDS) | ₹53.31 Billion | 28.09% | 0.69x | $3.87 Billion |
| Aarti Industries Limited (AARTIIND) | $8.75 Billion | 18.56% | 2.05x | $1.01 Billion |
| Aarti Surfactants Limited (AARTISURF) | $2.18 Billion | 9.78% | 0.94x | $15.14 Million |
| ABM International Limited (ABMINTLLTD) | $214.51 Million | 3.09% | 0.89x | $294.24K |
| ACUTAAS CHEMICALS LTD (ACUTAAS) | $5.94 Billion | 14.02% | 0.29x | $247.08K |
| Advanced Enzyme Technologies Limited (ADVENZYMES) | $984.09 Million | 34.30% | 2.55x | $95.16 Million |
| Agarwal Industrial Corporation Limited (AGARIND) | $739.40 Million | 9.29% | 0.98x | $26.89 Million |
| Alkali Metals Limited (ALKALI) | $513.80 Million | 2.54% | 0.73x | $1.88 Million |
| Alkyl Amines Chemicals Limited (ALKYLAMINE) | $3.79 Billion | 22.71% | 1.01x | $204.91 Million |
| Ami Organics Limited (AMIORG) | $107.73 Million | 26.58% | 2.59x | $704.27 Million |
| Anupam Rasayan India Limited (ANURAS) | $2.50 Billion | 13.94% | 1.53x | $318.75 Million |