Solar Industries India Limited (NSE:SOLARINDS)

Solar Industries India Financials Overview

Financials in millions INR. Fiscal year is April - March.

Revenue & Profits

Chart

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	113,515	98,377	75,403	60,695	69,225	39,476
Revenue Growth	41.72%	30.47%	24.23%	-12.32%	75.36%	56.92%
Gross Profit Gross Profit Growth	56,140	48,399	34,999	28,268	25,382	15,901
Operating Income Operating Income Growth	28,483	23,917	17,617	14,227	12,663	6,887
Net Income Net Income Growth	19,914	16,776	12,094	8,359	7,572	4,413
Earnings Per Share EPS Growth	220.07	185.39	133.65	92.38	83.68	48.77
EPS Growth	57.84%	38.70%	44.68%	10.40%	71.59%	59.68%

Revenue by Geography

Chart

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
India India Growth	38,215	35,083	31,894	38,412	23,874
Outside India Outside India Growth	57,904	38,518	27,196	29,286	14,411
Total Total Growth	96,119	73,601	59,090	67,697	38,285

Cash & Debt

Chart

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	4,806	4,806	11,250	4,836	2,790	952.4
Total Debt Total Debt Growth	15,240	15,240	9,750	11,378	11,947	8,880
Net Cash (Debt) Net Cash Growth	-10,434	-10,434	1,501	-6,542	-9,157	-7,928
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-115.30	-115.30	16.59	-72.30	-101.19	-87.61

Cash Flow & CapEx

Chart

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	-	6,209	24,676	14,060	6,565	2,978
Capital Expenditures CapEx Growth	-	-17,391	-10,060	-5,598	-4,791	-2,874
Free Cash Flow Free Cash Flow Growth	-	-11,183	14,616	8,463	1,774	103.6
Free Cash Flow Growth	-	-	72.71%	377.12%	1612.07%	-88.70%

Margins

Chart

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	49.46%	49.20%	46.42%	46.57%	36.67%	40.28%
Operating Margin	25.09%	24.31%	23.36%	23.44%	18.29%	17.45%
Pretax Margin	24.63%	24.04%	23.06%	19.13%	15.91%	15.39%
Profit Margin	17.54%	17.05%	16.04%	13.77%	10.94%	11.18%
FCF Margin	-	-11.37%	19.38%	13.94%	2.56%	0.26%

Dividends

Chart

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 22, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Dividend Per Share Dividend Per Share Growth	11.000	11.000	10.000	8.500	8.000	7.500
Dividend Per Share Growth	10.00%	10.00%	17.65%	6.25%	6.67%	25.00%
Dividend Yield	0.05%	0.09%	0.09%	0.10%	0.21%	0.27%

Valuation

Chart

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 22, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	90.43	65.14	84.13	95.06	45.32	57.35
Forward PE	70.40	55.24	69.16	72.02	39.94	52.29
P/FCF Ratio	-	-	69.61	93.90	193.49	2442.62
PS Ratio	15.86	11.11	13.49	13.09	4.96	6.41

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 19, 2026

Data Sources Report a data error