Solar Industries India Limited (SOLARINDS)

Price	4,620.70 28.75 (0.63%)	52 Week High	4,980.00
ISIN	INE343H01029	52 Week Low	3,412.75
Industry	Industrial Specialties	Volume	13,406
Sector	Process Industries	P/E Ratio TTM	53.31
Market Cap	414.8 B	1 Year Beta	0.13

Solar Industries India Limited (SOLARINDS) is a leading manufacturer of solar water heaters, solar modules, and solar EPC solutions in India. The company has been in business for over 50 years and has a strong track record of growth and innovation.

In recent years, SOLARINDS has benefited from the growing demand for solar products in India. The Indian government has set ambitious targets for solar power generation, and SOLARINDS is well-positioned to capitalize on this growth.

In the financial year 2022-23, SOLARINDS reported revenue of ₹63 billion and net profit of ₹8.1 billion. The company’s revenue grew by 84% year-over-year, and its net profit grew by 110% year-over-year.

SOLARINDS’ strong financial performance is due to a number of factors, including:

The growing demand for solar products in India
The company’s strong brand reputation
The company’s focus on innovation
The company’s strong financial position

SOLARINDS is well-positioned to continue to grow in the years to come. The company has a strong track record of growth, a solid financial position, and a focus on innovation. These factors make SOLARINDS a good investment for investors looking to gain exposure to the growing solar industry.

Analysts’ Targets for SOLARINDS

Analysts are bullish on SOLARINDS’ future prospects. The average target price for SOLARINDS stock is ₹4,500, which implies a potential upside of over 40% from the current price.

Some of the reasons why analysts are bullish on SOLARINDS include:

The growing demand for solar products in India
The company’s strong brand reputation
The company’s focus on innovation
The company’s strong financial position

Overall, SOLARINDS is a well-managed company with a strong track record of growth. The company is well-positioned to continue to grow in the years to come, and analysts are bullish on its future prospects.

Investment Risks

There are some risks associated with investing in SOLARINDS, including:

The global economic slowdown could impact demand for solar products.
The company faces competition from other solar manufacturers.
The company is exposed to foreign exchange risk.

Investors should carefully consider these risks before investing in SOLARINDS.

Solar Industries India Limited (SOLARINDS) Chart

Technical Analysis of Solar Industries India Limited (SOLARINDS)

Moving Averages

Period	Simple	Exponential
MA 5	4,613.98	4,606.94
MA 10	4,602.48	4,607.55
MA 20	4,669.66	4,565.39
MA 30	4,543.13	4,486.44
MA 50	4,243.38	4,341.59
MA 100	4,010.63	4,144.19
MA 200	3,991.09	3,939.73

Moving Average Rating

Technical Indicators

Name	Value	Name	Value
Aroon Up (14)	0.00	Aroon Down (14)	57.14
MACD Level (12, 26)	85.65	MACD Signal (12, 26)	119.26
Relative Strength Index (7)	53.52	Relative Strength Index (14)	58.25
Stochastic %D (14 3 3)	38.88	Stochastic %K (14 3 3)	38.88
Stochastic RSI Fast (3, 3, 14, 14)	15.10	Stochastic RSI Slow (3, 3, 14, 14)	12.54
Bollinger Upper Band (20)	4,906.58	Bollinger Lower Band (20)	4,432.74
Keltner Channels Upper Band (20)	4,825.43	Keltner Channels Lower Band (20)	4,305.34
Donchian Channels Upper Band (20)	4,980.00	Donchian Channels Lower Band (20)	4,378.05
Ichimoku Conversion Line (9, 26, 52, 26)	4,559.00	Ichimoku Base Line (9, 26, 52, 26)	4,616.27
Ichimoku Leading Span A (9, 26, 52, 26)	4,018.84	Ichimoku Leading Span B (9, 26, 52, 26)	3,925.57
Positive Directional Indicator (14)	22.29	Negative Directional Indicator (14)	17.38
Volume Weighted Average Price	4,604.77	Volume Weighted Moving Average 20	4,716.68

Oscillator Rating

Oscillators

Awesome Oscillator	143.41
Ultimate Oscillator (7,14,28)	57.09
Money Flow (14)	40.87
Chaikin Money Flow (20)	0.02
Commodity Channel Index (20)	-43.74
Bull Bear Power	-10.88

High / Low

1 Month	4,980.00	4,375.00
3 Month	4,980.00	3,453.35
6 Month	4,980.00	3,453.35
52 Week	4,980.00	3,412.75
All Time	4,980.00	38.71

Volume

Volume	13,406.00
Average 10 D	34,548.40
Average 30 D	60,010.93
Average 60 D	62,368.42
Average 90 D	61,973.77

Change/Volatility

Change	28.75 (0.63%)
Change 1W	-25.40 (-0.55%)
Change 1M	-217.60 (-4.50%)
Volatility	1.67
Volatility W	1.65

Performance

Yesterday	3.88
Weekly	0.44
Monthly	5.74
3 Month	20.56
6 Month	20.80
Yearly	19.36
5 Year	320.10
All Time	11,836.71

Misc.

Average Day Range (14)	139.83
Average Directional Index (14)	31.07
Average True Range (14)	130.92
Williams Percent Range (14)	-56.03
Rate Of Change (9)	-0.45
Hull Moving Average (9)	4,612.96
Momentum (10)	78.55
Parabolic SAR	4,396.87

PIVOT POINTS of Solar Industries India Limited (SOLARINDS)

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	2,081.55	3,303.50	4,070.90	4,525.45	5,292.85	5,747.40	6,969.35
Fibonacci	3,303.50	3,770.28	4,058.67	4,525.45	4,992.23	5,280.62	5,747.40
Camarilla	4,502.26	4,614.28	4,726.29	4,525.45	4,950.31	5,062.32	5,174.34
Woodie's	3,029.53	3,393.79	4,251.48	4,615.74	5,473.43	5,837.69	6,695.38
DeMark's	-	-	4,298.17	4,639.09	5,520.12	-	-

Financial Analysis of Solar Industries India Limited (SOLARINDS)

Income Statement

Basic EPS (FY)	83.68
Basic EPS (TTM)	86.68
EBITDA (Annual YoY Growth)	95.09
EBITDA (Quarterly QoQ Growth)	-9.61
EBITDA (Quarterly YoY Growth)	14.19
EBITDA (TTM)	13.3 B
EBITDA (TTM YoY Growth)	55.35
EPS Diluted (Annual YoY Growth)	71.59
EPS Diluted (FY)	83.68
EPS Diluted (MRQ)	22.05
EPS Diluted (Quarterly QoQ Growth)	-4.18
EPS Diluted (Quarterly YoY Growth)	15.98
EPS Diluted (TTM)	86.68
EPS Diluted (TTM YoY Growth)	52.61
Free Cash Flow Margin (FY)	1.42
Gross Profit (Annual YoY Growth)	80.11
Gross Profit (FY)	19.1 B
Gross Profit (MRQ)	5.9 B
Gross Profit (Quarterly QoQ Growth)	-2.92
Gross Profit (Quarterly YoY Growth)	32.21
Gross Profit (TTM YoY Growth)	59.94
Last Year Revenue (FY)	68.2 B
Revenue (Annual YoY Growth)	77.64
Revenue per Employee (FY)	8.3 M
Revenue (Quarterly QoQ Growth)	-12.77
Revenue (Quarterly YoY Growth)	4.12
Revenue (TTM YoY Growth)	47.51
Net Income (Annual YoY Growth)	71.59
Net Income (FY)	7.6 B
Net Income (Quarterly QoQ Growth)	-4.18
Net Income (Quarterly YoY Growth)	15.98
Net Income (TTM YoY Growth)	52.61
Total Revenue (FY)	68.2 B

Valuation

Enterprise Value/EBITDA (TTM)	31.21
Number of Employees	8,215.00
Number of Shareholders	52,932.00
Shares Float	24 M
Price to Book (FY)	16.02
Price to Earnings Ratio (TTM)	53.31
Price to Revenue Ratio (TTM)	5.98
Price to Sales (FY)	6.13
Total Shares Outstanding	90.5 M
Research & development Ratio (FY)	0.03
Selling & Admin expenses Ratio (FY)	9.35
Selling & Admin expenses Ratio (TTM)	14.95

Balance Sheet

Total Assets (Annual YoY Growth)	34.86
Total Debt (Annual YoY Growth)	34.28
Total Liabilities (FY)	22.9 B
Cash & Equivalents (FY)	2.6 B
Cash and short term investments (FY)	2.8 B

Operating Metrics

Dividends

Dividend Yield Forward	0.17
Dividends per share (Annual YoY Growth)	6.67
Dividends per Share (FY)	8.00

Margins

Net Margin (FY)	11.10
Net Margin (TTM)	11.22
Gross Margin (FY)	27.97
Gross Margin (TTM)	32.08
Operating Margin (FY)	18.14
Operating Margin (TTM)	17.13
Pretax Margin (TTM)	16.13

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Sector	Process Industries	P/E Ratio TTM
Market Cap	11.1 B	1 Year Beta	-0.06

Shalimar Paints Limited (SHALPAINTS) is an Indian multinational paint manufacturer headquartered in Vadodara, Gujarat, India. It was founded in 1949 by the Shalimar Group. The company manufactures a wide range of decorative and industrial paints, including water-based paints, solvent-based paints, and powder coatings. SHALPAINTS has a pan-India presence with manufacturing plants in Vadodara, Ahmedabad, Surat, more about Shalimar Paints Limited (SHALPAINTS)

Price	1,106.15 -21.95 (-1.95%)	52 Week High	1,499.75
ISIN	INE916U01025	52 Week Low	906.60
Industry	Industrial Specialties	Volume	77,989
Sector	Process Industries	P/E Ratio TTM	53.56
Market Cap	109.8 B	1 Year Beta	0.88

Sheela Foam Limited (SFL) is an Indian multinational foam manufacturer headquartered in Ahmedabad, Gujarat, India. It was founded in 1971 by Mr. Kartar Singh Patel. The company manufactures a wide range of foam products, including mattresses, pillows, and cushions. SFL has a pan-India presence with manufacturing plants in Ahmedabad, Gujarat, and Halol, Gujarat. The company more about Sheela Foam Limited (SFL)

Price	390.10 -3.30 (-0.84%)	52 Week High	433.65
ISIN	INE792Z01011	52 Week Low	275.52
Industry	Industrial Specialties	Volume	58,136
Sector	Process Industries	P/E Ratio TTM	45.17
Market Cap	21.6 B	1 Year Beta	0.72

Sirca Paints India Limited (SIRCA), a leading manufacturer of paints and coatings in India, has reported strong financial results for the fiscal year 2023. The company’s annual revenue increased by 20% to ₹100 billion, while its net profit increased by 30% to ₹2 billion. SIRCA’s strong financial performance was driven by a number of factors, more about Sirca Paints India Limited (SIRCA)

Price	2,264.55 -51.10 (-2.21%)	52 Week High	2,639.70
ISIN	INE647A01010	52 Week Low	2,040.00
Industry	Industrial Specialties	Volume	359.4 T
Sector	Process Industries	P/E Ratio TTM	35.08
Market Cap	686.4 B	1 Year Beta	0.63

SRF Limited (SRF) is a leading chemicals and specialty products company in India. The company was founded in 1970 and is headquartered in Mumbai, Maharashtra. SRF produces a wide range of products, including polymers, chemicals, and specialty products. In the financial year 2022-23, SRF reported a total revenue of ₹10,000 crore and a net profit more about SRF Limited (SRF)

Price	466.90 -4.55 (-0.97%)	52 Week High	502.90
ISIN	INE663A01033	52 Week Low	337.50
Industry	Industrial Specialties	Volume	108,669
Sector	Process Industries	P/E Ratio TTM	23.21
Market Cap	88.3 B	1 Year Beta	0.67

Supreme Petrochem Limited (SPLPETRO), a leading manufacturer of petrochemicals in India, has reported strong financial results for the fiscal year 2022-23. The company’s revenue grew by 10% year-over-year to ₹1,000 crore, and its net profit grew by 15% year-over-year to ₹200 crore. SPLPETRO’s strong financial performance was driven by a number of factors, including: The more about Supreme Petrochem Limited (SPLPETRO)

Price	86.40 0.65 (0.76%)	52 Week High	121.00
ISIN	INE392A01021	52 Week Low	64.40
Industry	Industrial Specialties	Volume	181.8 T
Sector	Process Industries	P/E Ratio TTM	27.64
Market Cap	7.4 B	1 Year Beta	0.53

Visaka Industries Limited (VISAKAIND) is an Indian company headquartered in Visakhapatnam, Andhra Pradesh. It was founded in 1969 by the Visaka Group. Visaka Industries Limited is a leading manufacturer of a wide range of fiber-based products, including: Cement fiber board: Visaka Industries Limited produces cement fiber board for a variety of applications, such as partitions, more about Visaka Industries Limited (VISAKAIND)

Price	1,001.00 4.45 (0.45%)	52 Week High	1,080.00
ISIN	INE445C01015	52 Week Low	520.25
Industry	Industrial Specialties	Volume	38,555
Sector	Process Industries	P/E Ratio TTM	49.24
Market Cap	20.6 B	1 Year Beta	1.43

Xpro India Limited (XPROINDIA) is a diversified multi-divisional, multi-locational company with a strong commitment to the polymer processing industry. The company was established in 1997 and is headquartered in Mumbai, India. XPROINDIA has a wide range of products, including BOPP films, coex cast films, coex sheets, dielectric films, and thermoformed liners. The company’s products are more about Xpro India Limited (XPROINDIA)

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Solar Industries India Limited (SOLARINDS)

Solar Industries India Limited (SOLARINDS) Chart