SOLAR INDUSTRIES I chart

Last update: 2022-06-03
Key statistics and financials
Revenue per share 436.25
Dividend & Yield7.50₹ (0.29%)
Beta 0.17
Market capitalization 244.95B
Operating cash flow 2.98B
ESG Scores unknown

Company description

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 packaged and bulk explosives; and initiating systems, including electronic, non-electric, electric, and plain detonators, as well as cord relays, cast boosters, detonating cords, and aluminum elemented det products. The company also provides defense products, including unmanned aerial systems and drones, ammunitions, military explosives, bombs and warheads, rockets, and drones armed with guided missiles, as well as counter drone systems and initiating systems and pyros comprising fuzes, detonators, ignitors, decoys and flares, and riot control devices. It primarily serves mining, defense, and infrastructure sectors. The company was formerly known as Solar Explosives Limited and changed its name to Solar Industries India Limited in February 2009. Solar Industries India Limited was founded in 1983 and is headquartered in Nagpur, India.

Sector: Basic Materials - Industry: Specialty Chemicals

Financial Ratios
Quick Ratio0.73
Working Capital0.81
Return On Equity0.23
Debt To Equity0.23
Fixed Asset Ratio0.02
Fixed Interest Cover13.46

Financial data

Financial Statements

Cashflow Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Change To Liabilities 95.5M -77.7M 1.31B 1.78B
Total Cashflows From Investing Activities -2.02B -2.12B -2.51B -3.03B
Net Borrowings 760.3M 923.5M 769.9M 607.4M
Total Cash From Financing Activities -517.4M -336.2M -260.7M -454M
Change To Operating Activities -147.4M -103.7M -59.2M -1.39B
Issuance Of Stock
Net Income 2.62B 2.67B 2.76B 4.41B
Change In Cash 85.1M 315.6M 773.7M -852.6M
Effect Of Exchange Rate -512.4M -473.9M -25M -346.1M
Total Cash From Operating Activities 3.14B 3.25B 3.57B 2.98B
Depreciation 588.9M 845.3M 935.3M 1.09B
Change To Account Receivables -458.9M 330.3M -1.19B -729.6M
Other Cashflows From Financing Activities -623.2M -626.3M -487.7M -518.5M
Change To Netincome 946.5M 62M 920.7M 595.6M
Capital Expenditures -2.52B -2.39B -2.65B -2.87B

Income Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Research Development
Income Before Tax 4.02B 3.36B 3.97B 6.07B
Net Income 2.62B 2.67B 2.76B 4.41B
Selling General Administrative 2.06B 2.43B 2.64B 3.38B
Gross Profit 10.4B 10B 11.44B 15.9B
Ebit 4.56B 3.68B 4.58B 6.76B
Operating Income 4.56B 3.68B 4.58B 6.76B
Interest Expense -498.7M -550.4M -453.9M -502.5M
Income Tax Expense 1.25B 571.3M 1.09B 1.52B
Total Revenue 24.62B 22.37B 25.16B 39.48B
Cost Of Revenue 14.22B 12.37B 13.71B 23.57B
Total Other Income ExpenseNet -537.1M -317.1M -609.9M -688.2M
Net Income From Continuing Ops 2.77B 2.79B 2.88B 4.55B
Net Income Applicable To Common Shares 2.62B 2.67B 2.76B 4.41B

Balance Sheet Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Total Liabilities 9.96B 11.01B 13.88B 17.09B
Total Stockholder Equity 12.38B 13.8B 15.79B 19.14B
Other Current Liabilities 358M 378.3M 1.01B 1.25B
Total Assets 22.82B 25.32B 30.3B 37.24B
Common Stock 181M 181M 181M 181M
Other Current Assets 553.9M 646.8M 351.1M 837.9M
Retained Earnings 11.46B 13.36B 15.47B 19.26B
Treasury Stock -747.9M -1.23B -1.35B -1.79B
Cash 610M 925.6M 1.7B 846.7M
Total Current Liabilities 7.24B 7.32B 8.19B 11.18B
Other Stockholder Equity -747.9M -1.23B -1.35B -1.79B
Property, Plant, and Equipment 11.7B 13.17B 15.24B 16.63B
Total Current Assets 9.62B 9.84B 12.26B 16.64B
Net Tangible Assets 11.95B 13.31B 15.33B 18.61B
Net Receivables 5.01B 4.63B 5.22B 6.23B
Accounts Payable 1.63B 1.54B 2.86B 4.65B


Insider Transactions

Here are the insider transactions of stock shares related to SOLAR INDUSTRIES I:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Nuwal (Manish Satyanarayan)Other at price 0.00 per share.D2021-12-06Managing Director10M
Nuwal (Satyanarayan Nandlal)Other at price 0.00 per share.D2021-12-06Executive Chairman10M
Nuwal (Leeladevi Satyanarayan)D2019-07-10Executive Chairman1k
Nuwal (Satyanarayan Nandlal)D2019-07-10Executive Chairman1k
Panpaliya (Nilesh)I2019-03-20Chief Financial Officer
Panpaliya (Nilesh)D2019-03-19Chief Financial Officer200
Jain (Anil Kumar)D2019-01-11Director (Executive)705
Nuwal (Kailashchandra Nandlalji)D2019-01-08Executive Vice Chairman17.34M
Nuwal (Kailashchandra) HUFD2019-01-08Promoter2.51M
Nuwal (Manish Satyanarayan)D2019-01-07Managing Director8.57M
Nuwal (Nandlalji Bodulalji) HUFD2019-01-07Promoter2.11M
Nuwal (Satyanarayan Nandlal)D2019-01-07Executive Chairman9.17M
Nuwal (Manish Satyanarayan)D2018-12-31Managing Director2.47M
Nuwal (Satyanarayan) HUFD2018-12-31Promoter2.47M
Nuwal (Leeladevi Satyanarayan)D2018-12-19Promoter5.08M
Nuwal (Manish Satyanarayan)D2018-12-19Managing Director9.73M
Nuwal (Sohandevi Nandlal)D2018-12-19Promoter4.65M
Panpaliya (Nilesh)D2017-11-22Chief Financial Officer804
Nuwal (Manish Satyanarayan)D2017-03-02Director (Executive)100k
Nuwal (Manish Satyanarayan)D2017-02-28Director (Executive)3.5M
Pasari (Anish)D2016-02-29UNREPORTED450
Pasari (Khushboo Anish)D2016-02-29Company Secretary492
Nuwal (Satyanarayan Nandlal)D2015-12-07Executive Chairman8.29k
Nuwal (Kailashchandra Nandlalji)D2014-08-06Director (Executive)700
Nuwal (Manish Satyanarayan)D2014-08-06Director (Executive)2k
Nuwal (Kailashchandra Nandlalji)D2014-04-10Director (Executive)1.18k
Nuwal (Kailashchandra Nandlalji)D2014-04-02Director (Executive)1.63k
Nuwal (Kailashchandra Nandlalji)D2014-03-31Director (Executive)4.07k
Nuwal (Indiradevi Kailashchandra)D2014-03-25Promoter5k
Nuwal (Indiradevi Kailashchandra)D2014-03-24Promoter5.65k
Nuwal (Indiradevi Kailashchandra)D2014-01-28Promoter8.62k
Nuwal (Kailashchandra Nandlalji)D2014-01-01Director (Executive)12.23k
Nuwal (Satyanarayan Nandlal)D2013-12-12Executive Chairman16.72k
Nuwal (Satyanarayan Nandlal)D2013-12-02Executive Chairman185
Nuwal (Satyanarayan Nandlal)D2013-11-26Executive Chairman2.45k
Nuwal (Satyanarayan Nandlal)D2013-11-21Executive Chairman3.86k
Nuwal (Satyanarayan Nandlal)D2013-11-08Executive Chairman600
Nuwal (Satyanarayan Nandlal)D2013-11-07Executive Chairman5.17k
Nuwal (Satyanarayan Nandlal)D2013-11-06Executive Chairman5.37k
Nuwal (Satyanarayan Nandlal)D2013-11-05Executive Chairman9.71k
Nuwal (Kailashchandra Nandlalji)D2013-10-18Director (Executive)5.37k
Nuwal (Satyanarayan Nandlal)D2013-10-17Executive Chairman5.26k
Nuwal (Kailashchandra Nandlalji)D2013-10-15Director (Executive)7.53k
Nuwal (Kailashchandra Nandlalji)D2013-10-14Director (Executive)4.05k
Nuwal (Kailashchandra Nandlalji)D2013-10-11Director (Executive)5.87k
Nuwal (Kailashchandra Nandlalji)D2013-10-10Director (Executive)3.6k
Nuwal (Kailashchandra Nandlalji)D2013-10-09Director (Executive)2.73k
Nuwal (Kailashchandra Nandlalji)D2013-10-07Director (Executive)4.62k
Nuwal (Kailashchandra Nandlalji)D2013-10-04Director (Executive)4.96k
Nuwal (Kailashchandra Nandlalji)D2013-10-03Director (Executive)3.11k
Nuwal (Kailashchandra Nandlalji)D2013-10-01Director (Executive)3.54k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to SOLAR INDUSTRIES I. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on SOLAR INDUSTRIES I

Here is the result of two systematic investment strategies applied to SOLAR INDUSTRIES I. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on SOLAR INDUSTRIES I

The following chart shows the equity curve of the two systematic investment strategies applied to SOLAR INDUSTRIES I:

SOLAR INDUSTRIES I automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 102.11% on the backtest period.

Performance at glance

Performance

102.11 %

Latent gain

14132.55 ₹

Invested capital

13840.95 ₹

Annualized return

24.31 %
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Momentum strategy results on SOLAR INDUSTRIES I

This is the result of two momentum investment strategies applied to SOLAR INDUSTRIES I. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on SOLAR INDUSTRIES I

The following chart shows all the entries opened by the momentum investment system on SOLAR INDUSTRIES I:

SOLAR INDUSTRIES I momentum entries
  • The first momentum investment strategy would give 168.67% of return on SOLAR INDUSTRIES I. That represents 15805.4₹ of latent gain with 9370.75₹ of employed capital.
  • The second momentum investment strategy would give 171.84% of return on SOLAR INDUSTRIES I. That represents 15914.65₹ of latent gain with 9261.5₹ of employed capital.
Performance at glance (1Q Momentum)

Performance

168.67 %

Latent gain

15805.4 ₹

Invested capital

9370.75 ₹

Annualized return

80.62 %
Performance at glance (2Q Momentum)

Performance

171.84 %

Latent gain

15914.65 ₹

Invested capital

9261.5 ₹

Annualized return

46.19 %

Momentum equity curve on SOLAR INDUSTRIES I

The following chart shows the equity curve of the two momentum strategies applied to SOLAR INDUSTRIES I:

SOLAR INDUSTRIES I momentum equity

Note: the dividends potentially given by SOLAR INDUSTRIES I are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on SOLAR INDUSTRIES I

The following chart shows the employed capital evolution of the two momentum strategies on SOLAR INDUSTRIES I since the beginning:

SOLAR INDUSTRIES I

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250₹, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000₹.


Buy the dip strategy result on SOLAR INDUSTRIES I

Buy the dip entry openings on SOLAR INDUSTRIES I

SOLAR INDUSTRIES I

The performance achieved by the robo-advisor on SOLAR INDUSTRIES I is 177.36%. That represents 1788.8$ of latent gain with 1008.55₹ of employed capital. The following chart shows SOLAR INDUSTRIES I stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of SOLAR INDUSTRIES I, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

177.36 %

Latent gain

1788.8 ₹

Invested capital

1008.55 ₹

Annualized return

80.62 %

Equity curve of the strategy applied to SOLAR INDUSTRIES I

The following chart shows the result of the investment strategy applied to SOLAR INDUSTRIES I:

SOLAR INDUSTRIES I

Note: the dividends potentially given by SOLAR INDUSTRIES I are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on SOLAR INDUSTRIES I

The following chart shows the employed capital evolution since the beginning of the investment strategy on SOLAR INDUSTRIES I:

SOLAR INDUSTRIES I

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on SOLAR INDUSTRIES I

In this section, I will compare the three previous investment strategies applied to SOLAR INDUSTRIES I.

Equity curve comparison on SOLAR INDUSTRIES I

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

SOLAR INDUSTRIES I investment strategy comparison

Employed capital comparison on SOLAR INDUSTRIES I

SOLAR INDUSTRIES I investment comparison

Performance comparison on SOLAR INDUSTRIES I

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 102.11% 14132.55₹ 13840.95₹ 24.31%
Momentum 1 quarter 168.67% 15805.4₹ 9370.75₹ 42.59%
Momentum 2 quarters 171.84% 15914.65₹ 9261.5₹ 46.19%
Non-directional 177.36% 1788.8₹ 1008.55₹ 80.62%
Annualized return comparison

Automatic investment

24.31 %

Momentum 1Q

46.19 %

Momentum 2Q

46.19 %

Non-directional

80.62 %

Correlated stocks

Here are the most positively and negatively correlated stocks with SOLAR INDUSTRIES I:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between SOLAR INDUSTRIES I and the other stocks. There may be false positives or some missing correlated stocks. If the price of SOLAR INDUSTRIES I does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name SOLAR INDUSTRIES I
Country India
City Nagpur
Address Solar House
Phone 91 71 2663 4555
Website solargroup.com
FullTime employees 1891
Industry Specialty Chemicals
Sector Basic Materials
Exchange XNSE
Ticker SOLARINDS.XNSE
Market

SOLAR INDUSTRIES I ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown