Solar Industries India Limited Net Assets
Solar Industries India Limited net assets. 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. Also explore SOLARINDS net assets growth trend to track the company's year-over-year net asset growth rate.
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 |
Net Assets of Solar Industries India Limited (2005–2026)
Net assets of Solar Industries India Limited from 2005 to 2026. This chart illustrates how Solar Industries India Limited's net assets have evolved over time, based on quarterly financial data. See SOLARINDS net asset quality index to measure how much of total assets are equity-financed.
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. For live market cap and overall valuation, see how much is Solar Industries India Limited worth.
| 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.
Solar Industries India Limited Net Assets Breakdown (March 2026)
Solar Industries India Limited net assets breakdown by equity component as of March 2026.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs49.77 Billion | 79.29% |
| Common Stock | Rs181.00 Million | 0.29% |
| Other Comprehensive Income | Rs11.33 Billion | 18.05% |
| Other Components | Rs1.49 Billion | 2.38% |
| 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 |
|---|---|
|
Tenaga Nasional Bhd
KLSE:5347
|
$19.26 Billion |
|
China Shenhua Energy Company Limited
F:IKF
|
$19.26 Billion |
|
WSP Global Inc
TO:WSP
|
$19.28 Billion |
|
Vantage Towers AG
HM:VTWR
|
$19.29 Billion |
|
Rivian Automotive Inc
NASDAQ:RIVN
|
$19.19 Billion |
|
SUMITOMO MITSU.TR.H.ADR10
F:MIU0
|
$19.19 Billion |
|
Torrent Pharmaceuticals Limited
NSE:TORNTPHARM
|
$19.13 Billion |
|
Huatai Securities Co Ltd
SHG:601688
|
$19.11 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 14,950,100,000.
- Other factors decreased equity by 11,912,000,000.
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 | Rs14.95 Billion | +23.82% |
| Other Changes | Rs-11.91 Billion | -18.98% |
| 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: 28.33x
- 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 3189.42x to 28.33x 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 | Rs19654.00 | x |
| 2006-03-31 | Rs17.85 | Rs19654.00 | x |
| 2007-03-31 | Rs19.72 | Rs19654.00 | x |
| 2008-03-31 | Rs21.45 | Rs19654.00 | x |
| 2009-03-31 | Rs25.49 | Rs19654.00 | x |
| 2010-03-31 | Rs30.62 | Rs19654.00 | x |
| 2011-03-31 | Rs36.49 | Rs19654.00 | x |
| 2012-03-31 | Rs46.71 | Rs19654.00 | x |
| 2013-03-31 | Rs64.48 | Rs19654.00 | x |
| 2014-03-31 | Rs73.11 | Rs19654.00 | x |
| 2015-03-31 | Rs85.74 | Rs19654.00 | x |
| 2016-03-31 | Rs95.86 | Rs19654.00 | x |
| 2017-03-31 | Rs102.62 | Rs19654.00 | x |
| 2018-03-31 | Rs119.78 | Rs19654.00 | x |
| 2019-03-31 | Rs136.85 | Rs19654.00 | x |
| 2020-03-31 | Rs152.51 | Rs19654.00 | x |
| 2021-03-31 | Rs174.54 | Rs19654.00 | x |
| 2022-03-31 | Rs211.55 | Rs19654.00 | x |
| 2023-03-31 | Rs288.47 | Rs19654.00 | x |
| 2024-03-31 | Rs365.30 | Rs19654.00 | x |
| 2025-03-31 | Rs484.72 | Rs19654.00 | x |
| 2026-03-31 | Rs693.71 | Rs19654.00 | 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: $4,526,931,849
- Average return on equity (ROE) among peers: 17.85%
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 | $19.23 Billion |
| Aarti Industries Limited (AARTIIND) | $8.75 Billion | 18.56% | 2.05x | $1.72 Billion |
| Aarti Surfactants Limited (AARTISURF) | $1.36 Billion | -4.77% | 1.06x | $41.91 Million |
| ABM International Limited (ABMINTLLTD) | $195.76 Million | -1.37% | 0.65x | $4.85 Million |
| Advanced Enzyme Technologies Limited (ADVENZYMES) | $984.09 Million | 34.30% | 2.55x | $328.59 Million |
| Aether Industries Limited (AETHER) | $1.74 Billion | 40.79% | 1.60x | $2.15 Billion |
| Akzo Nobel India Limited (AKZOINDIA) | $8.71 Billion | 53.16% | 0.51x | $1.60 Billion |
| Alkali Metals Limited (ALKALI) | $446.89 Million | 1.25% | 1.14x | $8.55 Million |
| Alkyl Amines Chemicals Limited (ALKYLAMINE) | $592.34 Million | 13.97% | 2.16x | $917.49 Million |
| Ami Organics Limited (AMIORG) | $5.22 Billion | 13.78% | 0.26x | $1.18 Billion |
| Anupam Rasayan India Limited (ANURAS) | $17.27 Billion | 8.81% | 0.67x | $1.40 Billion |
About Solar Industries India Limited
Solar Industries India Limited, together with its subsidiaries, manufactures and sells industrial explosives, explosive initiating devices, and high energy materials for mining and defense applications in India and internationally. The company offers industrial explosives comprising bulk, packaged, non-permitted, permitted, and seismic explosives; initiating systems; electronic, non-electric, and… Read more