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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Solar Industries India Limited is an India-based integrated global explosives company. The Company is primarily involved in the manufacturing of complete range of industrial explosives and explosive initiating devices. Its segment is Explosives and its accessories. The…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A high-quality, fast-growing business, fairly priced.
Solar Industries (India) is scored on the general / industrial framework. It keeps a healthy 17.4% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT 0.36×) — worth a closer look. Free cash flow is worth about -0.3% of its market value.
Over the last 3 years revenue compounded at 13%/yr and profit at 29%/yr. Book value itself has compounded 34%/yr — the hallmark of a genuine compounder. Return on equity is an elite 29.5%. In the latest quarter profit grew 20% versus the prior quarter.
At 100× earnings, the stock sits at the 54th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price already implies ~27%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 71.96 | — | — |
| P/B | 21.93 | — | — |
| EV/EBITDA | 46.16 | 10.45 | worse |
| ROE | 29.5 | — | — |
| ROCE | 32.87 | 69.92 | worse |
| ROA | 17.77 | 54.03 | worse |
| Quick Ratio | 1.35 | 2.26 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| HAL | 35.7 | 8.1 | 22.2% |
| BEL | 45.1 | 11.0 | 24.4% |
| Mazagon DOCK Shipbuil | 30.3 | 7.1 | 23.4% |
13% CAGR over 3 years — steady double-digit compounder. Growth is accelerating — latest year outpaced the prior year's rate.
Net profit has risen every year — the hallmark of a compounder. Profit is growing faster than revenue (29% vs 13%) — margin expansion is at work. The latest year saw a +35% swing — check if it's a one-off or structural.
Operating margin has expanded from 16% to 24% — the business is keeping more of each rupee earned. The gap between operating and net margin is widening — interest or tax costs are rising.
ROE at 27% — the business earns well above its cost of equity. Low variance across years — a predictable business that earns steadily on its equity base.
EPS has grown every year — each share earns more than the last, consistently. 30% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 0.4× PAT — reported profit isn't translating into cash, raising earnings quality questions. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 19% sequentially — momentum is building. Wide quarterly swings (43% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 45% above earlier ones.
Profit jumped 20% QoQ — check if this is operating leverage or a one-off item.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 73.2% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.