Solar Industries India Limited (NSE:SOLARINDS)

Solar Industries India Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Equivalents	5,278	4,694	5,904	2,590	2,450	846.7
Short-Term Investments	-	109.6	26	25.6	47.6	46.5
Trading Asset Securities	-	2.3	5,320	2,221	292.1	59.2
Cash & Short-Term Investments	5,278	4,806	11,250	4,836	2,790	952.4
Cash Growth	24.59%	-57.28%	132.63%	73.33%	192.96%	-45.63%
Accounts Receivable	23,405	18,579	12,386	8,449	8,253	5,411
Other Receivables	-	1,258	1,600	1,250	169.2	733.2
Receivables	23,488	19,872	14,006	9,731	8,540	6,227
Inventory	22,591	21,186	12,121	10,195	12,139	8,423
Prepaid Expenses	-	1,146	952.7	326.7	204	198.9
Other Current Assets	9,336	3,364	2,935	1,395	1,341	837.9
Total Current Assets	60,693	50,375	41,265	26,484	25,014	16,639
Property, Plant & Equipment	51,068	44,688	32,153	24,437	19,225	16,630
Long-Term Investments	5,264	1,827	1,473	1,565	785.1	182.2
Goodwill	1,778	1,705	1,473	298.1	106.6	98.9
Other Intangible Assets	1,230	926.2	645.3	314	333	432.9
Long-Term Deferred Tax Assets	1,844	1,858	1,558	1,602	1,275	948.8
Long-Term Deferred Charges	-	50.9	85.6	126.3	174.5	69.1
Other Long-Term Assets	9,391	7,401	4,002	2,221	3,279	2,084
Total Assets	131,626	109,185	82,981	57,372	50,363	37,243

Liabilities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Accounts Payable	9,313	6,317	4,925	3,229	4,885	4,649
Accrued Expenses	558.6	2,318	1,716	1,328	1,367	932.3
Short-Term Debt	-	2,811	2,188	1,989	3,330	2,368
Current Portion of Long-Term Debt	6,916	3,664	3,269	3,225	3,635	1,934
Current Portion of Leases	239.2	180	115.8	91.1	65.1	43.8
Current Income Taxes Payable	571.9	215.5	530	186.9	628.4	219.1
Current Unearned Revenue	-	5,717	3,612	2,287	2,296	877.4
Other Current Liabilities	12,646	3,267	4,782	2,678	117	154.3
Total Current Liabilities	30,245	24,489	21,139	15,014	16,323	11,179
Long-Term Debt	10,130	8,204	3,939	5,836	4,727	4,359
Long-Term Leases	590.9	381.8	237.8	237.6	189.5	175.1
Long-Term Unearned Revenue	7,493	7,878	9,689	-	-	-
Pension & Post-Retirement Benefits	-	11.3	49.8	32.4	26.4	10
Long-Term Deferred Tax Liabilities	3,278	2,715	2,190	1,978	1,589	1,371
Other Long-Term Liabilities	25.9	17.2	3.4	2	-	-
Total Liabilities	51,764	43,696	37,247	23,100	22,856	17,094

Shareholders' Equity

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Common Stock	181	181	181	181	181	181
Additional Paid-In Capital	-	1,491	1,491	1,491	1,491	1,491
Retained Earnings	-	62,383	46,080	34,448	26,323	19,256
Comprehensive Income & Other	76,553	-1,283	-3,620	-3,064	-1,892	-1,785
Total Common Equity	76,734	62,772	44,132	33,056	26,103	19,143
Minority Interest	3,129	2,717	1,602	1,217	1,404	1,006
Shareholders' Equity	79,863	65,489	45,734	34,273	27,507	20,149
Total Liabilities & Equity	131,626	109,185	82,981	57,372	50,363	37,243

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Total Debt	17,877	15,240	9,750	11,378	11,947	8,880
Net Cash (Debt)	-12,599	-10,434	1,501	-6,542	-9,157	-7,928
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-139.23	-115.30	16.59	-72.30	-101.19	-87.61
Filing Date Shares Outstanding	90.49	90.49	90.49	90.49	90.49	90.49
Total Common Shares Outstanding	90.49	90.49	90.49	90.49	90.49	90.49
Working Capital	30,448	25,886	20,126	11,470	8,690	5,460
Book Value Per Share	848.02	693.69	487.70	365.30	288.47	211.55
Tangible Book Value	73,725	60,141	42,014	32,444	25,664	18,611
Tangible Book Value Per Share	814.78	664.61	464.29	358.54	283.61	205.67
Land	-	5,190	4,364	3,711	2,005	1,535
Buildings	-	16,545	11,257	9,365	8,554	7,876
Machinery	-	24,270	15,954	11,431	10,296	8,795
Construction In Progress	-	6,918	7,034	4,874	2,794	2,211
Order Backlog	-	211,502	164,526	-	-	-

Data Source: S&P Global Market Intelligence Last updated: Nov 3, 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:

Nov 9, 2026

Data Sources Report a data error