Solar Industries India Limited (SOLARINDS) - Net Assets

Latest as of March 2026: Rs65.49 Billion INR ≈ $708.24 Million USD

Based on the latest financial reports, Solar Industries India Limited (SOLARINDS) has net assets worth Rs65.49 Billion INR (≈ $708.24 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs109.19 Billion ≈ $1.18 Billion USD) and total liabilities (Rs43.70 Billion ≈ $472.56 Million USD). 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. Check Solar Industries India Limited PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs65.49 Billion
% of Total Assets	59.98%
Annual Growth Rate	25.74%
5-Year Change	225.02%
10-Year Change	575.95%
Growth Volatility	37.36

Solar Industries India Limited - Net Assets Trend (2005–2026)

This chart illustrates how Solar Industries India Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is Solar Industries India Limited worth.

Annual Net Assets for Solar Industries India Limited (2005–2026)

The table below shows the annual net assets of Solar Industries India Limited from 2005 to 2026. Also explore Solar Industries India Limited (SOLARINDS) net asset momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2026-03-31	Rs65.49 Billion ≈ $708.24 Million	+44.36%
2025-03-31	Rs45.37 Billion ≈ $490.62 Million	+32.37%
2024-03-31	Rs34.27 Billion ≈ $370.64 Million	+24.60%
2023-03-31	Rs27.51 Billion ≈ $297.48 Million	+36.52%
2022-03-31	Rs20.15 Billion ≈ $217.90 Million	+22.70%
2021-03-31	Rs16.42 Billion ≈ $177.59 Million	+14.70%
2020-03-31	Rs14.32 Billion ≈ $154.82 Million	+11.34%
2019-03-31	Rs12.86 Billion ≈ $139.06 Million	+13.67%
2018-03-31	Rs11.31 Billion ≈ $122.34 Million	+16.76%
2017-03-31	Rs9.69 Billion ≈ $104.78 Million	+9.44%
2016-03-31	Rs8.85 Billion ≈ $95.74 Million	+7.57%
2015-03-31	Rs8.23 Billion ≈ $89.01 Million	+17.63%
2014-03-31	Rs7.00 Billion ≈ $75.67 Million	+14.09%
2013-03-31	Rs6.13 Billion ≈ $66.32 Million	+38.62%
2012-03-31	Rs4.42 Billion ≈ $47.84 Million	+28.80%
2011-03-31	Rs3.43 Billion ≈ $37.15 Million	+29.47%
2010-03-31	Rs2.65 Billion ≈ $28.69 Million	+20.10%
2009-03-31	Rs2.21 Billion ≈ $23.89 Million	+18.84%
2008-03-31	Rs1.86 Billion ≈ $20.10 Million	+8.78%
2007-03-31	Rs1.71 Billion ≈ $18.48 Million	+10.51%
2006-03-31	Rs1.55 Billion ≈ $16.72 Million	+189.69%
2005-03-31	Rs533.77 Million ≈ $5.77 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 4976920000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Retained Earnings	Rs49.77 Billion	79.29%
Common Stock	Rs181.00 Million	0.29%
Other Components	Rs12.82 Billion	20.43%
Total Equity	Rs62.77 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
Bank of Hangzhou Co Ltd SHG:600926	$18.18 Billion
Banco de Chile F:G4RA	$18.18 Billion
BANCO BRANDESCO SP.ADR 1 F:BREA	$18.19 Billion
Broadridge Financial Solutions Inc NYSE:BR	$18.21 Billion
Norsk Hydro ASA F:NOHA	$18.15 Billion
Nutanix Inc NASDAQ:NTNX	$18.10 Billion
Charter Communications Inc NASDAQ:CHTR	$18.09 Billion
Jiangsu Hengli Hydraulic Co Ltd SHG:601100	$18.09 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 2025 to 2026, total equity changed from 43,863,400,000 to 62,772,000,000, a change of 18,908,600,000 (43.1%).
Net income of 16,775,500,000 contributed positively to equity growth.
Dividend payments of 905,000,000 reduced retained earnings.
Other comprehensive income increased equity by 3,619,600,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs16.78 Billion	+26.72%
Dividends Paid	Rs905.00 Million	-1.44%
Other Comprehensive Income	Rs3.62 Billion	+5.77%
Other Changes	Rs-581.50 Million	-0.93%
Total Change	Rs-	43.11%

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: 26.75x
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 3011.08x to 26.75x 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	Rs6.16	Rs18555.00	x
2006-03-31	Rs17.85	Rs18555.00	x
2007-03-31	Rs19.72	Rs18555.00	x
2008-03-31	Rs21.45	Rs18555.00	x
2009-03-31	Rs25.49	Rs18555.00	x
2010-03-31	Rs30.62	Rs18555.00	x
2011-03-31	Rs36.49	Rs18555.00	x
2012-03-31	Rs46.71	Rs18555.00	x
2013-03-31	Rs64.48	Rs18555.00	x
2014-03-31	Rs73.11	Rs18555.00	x
2015-03-31	Rs85.74	Rs18555.00	x
2016-03-31	Rs95.86	Rs18555.00	x
2017-03-31	Rs102.62	Rs18555.00	x
2018-03-31	Rs119.78	Rs18555.00	x
2019-03-31	Rs136.85	Rs18555.00	x
2020-03-31	Rs152.51	Rs18555.00	x
2021-03-31	Rs174.54	Rs18555.00	x
2022-03-31	Rs211.55	Rs18555.00	x
2023-03-31	Rs288.47	Rs18555.00	x
2024-03-31	Rs365.30	Rs18555.00	x
2025-03-31	Rs484.72	Rs18555.00	x
2026-03-31	Rs693.71	Rs18555.00	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): 26.72%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 17.05%
• Asset Turnover: 0.90x
• Equity Multiplier: 1.74x
Recent ROE (26.72%) is above the historical average (21.38%), 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	Rs96.54 Million
2006	14.33%	14.84%	0.63x	1.54x	Rs66.97 Million
2007	11.25%	9.32%	0.69x	1.75x	Rs21.36 Million
2008	19.44%	12.86%	0.86x	1.76x	Rs175.36 Million
2009	19.99%	9.05%	1.08x	2.04x	Rs220.53 Million
2010	22.09%	10.51%	1.03x	2.04x	Rs320.69 Million
2011	23.92%	10.46%	1.09x	2.09x	Rs439.93 Million
2012	25.01%	10.46%	1.08x	2.22x	Rs607.43 Million
2013	20.31%	10.37%	1.01x	1.93x	Rs590.22 Million
2014	17.90%	10.45%	0.84x	2.04x	Rs522.84 Million
2015	19.00%	10.90%	0.97x	1.79x	Rs698.19 Million
2016	19.15%	11.47%	0.94x	1.78x	Rs793.83 Million
2017	19.97%	11.74%	0.92x	1.85x	Rs925.81 Million
2018	20.35%	11.51%	0.96x	1.84x	Rs1.12 Billion
2019	21.13%	10.63%	1.08x	1.84x	Rs1.38 Billion
2020	19.38%	11.95%	0.88x	1.83x	Rs1.29 Billion
2021	17.50%	10.99%	0.83x	1.92x	Rs1.18 Billion
2022	23.05%	11.18%	1.06x	1.95x	Rs2.50 Billion
2023	29.01%	10.94%	1.37x	1.93x	Rs4.96 Billion
2024	25.29%	13.77%	1.06x	1.74x	Rs5.05 Billion
2025	27.57%	16.04%	0.91x	1.88x	Rs7.71 Billion
2026	26.72%	17.05%	0.90x	1.74x	Rs10.50 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: $8,529,824,500
Average return on equity (ROE) among peers: 8.70%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Solar Industries India Limited (SOLARINDS)	Rs65.49 Billion	28.09%	0.67x	$18.16 Billion
Aarti Industries Limited (AARTIIND)	$11.89 Billion	21.60%	1.49x	$1.93 Billion
Aarti Surfactants Limited (AARTISURF)	$1.36 Billion	-4.77%	1.06x	$49.06 Million
ABM International Limited (ABMINTLLTD)	$176.83 Million	-10.10%	0.47x	$5.19 Million
Advanced Enzyme Technologies Limited (ADVENZYMES)	$11.40 Billion	10.49%	0.11x	$348.52 Million
Aether Industries Limited (AETHER)	$24.56 Billion	8.94%	0.30x	$2.34 Billion
Akzo Nobel India Limited (AKZOINDIA)	$7.29 Billion	29.38%	1.77x	$1.60 Billion
Alkali Metals Limited (ALKALI)	$445.25 Million	-13.03%	1.09x	$9.65 Million
Alkyl Amines Chemicals Limited (ALKYLAMINE)	$9.90 Billion	22.72%	0.39x	$1.03 Billion
Ami Organics Limited (AMIORG)	$13.20 Billion	12.02%	0.17x	$1.18 Billion
Anupam Rasayan India Limited (ANURAS)	$5.07 Billion	9.71%	1.61x	$1.49 Billion

About Solar Industries India Limited

NSE:SOLARINDS India Specialty Chemicals

Market Cap

$18.16 Billion

Rs1.68 Trillion INR

Market Cap Rank

#1407 Global

#43 in India

Share Price

Rs18555.00

Change (1 day)

-1.38%

52-Week Range

Rs11772.00 - Rs22455.00

All Time High

Rs22455.00