Projected Income Statement: Solar Industries India Limited

Forecast Balance Sheet: Solar Industries India Limited

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 - - - - - 12,611 12,701 13,777
Change - - - - - - 0.71% 8.47%
Announcement Date 27/05/21 04/05/22 03/05/23 16/05/24 20/05/25 15/05/26 - -
1INR in Million
Estimates

Cash Flow Forecast: Solar Industries India Limited

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 2,650 2,874 4,791 5,598 10,060 20,729 19,999 21,232
Change - 8.48% 66.68% 16.83% 79.71% 106.06% -3.52% 6.16%
Free Cash Flow (FCF) 1 917.2 103.6 1,774 8,463 14,616 -7,340 1,172 6,546
Change - -88.7% 1,612.07% 377.12% 72.71% -150.22% 115.96% 458.76%
Announcement Date 27/05/21 04/05/22 03/05/23 16/05/24 20/05/25 - - -
1INR in Million
Estimates

Forecast Financial Ratios: Solar Industries India Limited

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 20.46% 18.93% 18.62% 22.56% 26% 26.65% 27.05% 27.33%
EBIT Margin (%) 16.74% 16.16% 16.77% 20.2% 23.59% 24.1% 24.67% 24.65%
EBT Margin (%) 15.79% 15.39% 15.91% 19.13% 23.06% 24.04% 24.4% 24.79%
Net margin (%) 10.99% 11.18% 10.94% 13.77% 16.04% 17.05% 17.7% 18.04%
FCF margin (%) 3.65% 0.26% 2.56% 13.94% 19.38% -7.5% 0.85% 3.9%
FCF / Net Income (%) 33.19% 2.35% 23.42% 101.24% 120.85% -43.65% 4.81% 21.61%

Profitability

        
ROA - - - - 17.28% 16.9% 18.3% 17.8%
ROE 18.68% 25.26% 33.47% 28.26% 31.45% 32.26% 32.31% 30%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - 0.48x 0.34x 0.3x
Debt / Free cash flow - - - - - -1.72x 10.84x 2.1x

Capital Intensity

        
CAPEX / Current Assets (%) 10.53% 7.28% 6.92% 9.22% 13.34% 21.18% 14.52% 12.65%
CAPEX / EBITDA (%) 51.49% 38.47% 37.17% 40.88% 51.31% 79.66% 53.69% 46.27%
CAPEX / FCF (%) 288.88% 2,774.52% 270.12% 66.14% 68.82% -282.41% 1,707.11% 324.35%

Items per share

        
Cash flow per share 1 - - - - 272.7 149 314.2 337.2
Change - - - - - -45.35% 110.87% 7.32%
Dividend per Share 1 6 7.5 8 8.5 10 11.82 15.03 22.39
Change - 25% 6.67% 6.25% 17.65% 18.2% 27.19% 48.91%
Book Value Per Share 1 174.5 211.5 288.4 365.3 484.7 662.7 931.9 1,237
Change - 21.2% 36.36% 26.64% 32.68% 36.74% 40.61% 32.73%
EPS 1 30.54 48.77 83.68 92.38 133.6 185.4 268.5 332.1
Change - 59.69% 71.58% 10.4% 44.67% 38.71% 44.42% 23.68%
Nbr of stocks (in thousands) 90,490 90,490 90,490 90,490 90,490 90,490 90,490 90,490
Announcement Date 27/05/21 04/05/22 03/05/23 16/05/24 20/05/25 15/05/26 - -
1INR
Estimates
2026 2027 *
P/E ratio 65.1x 67.1x
PBR 27.2x 19.3x
EV / Sales 11.1x 11.9x
Yield 0.07% 0.08%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
18,019.00INR
Average target price
19,848.58INR
Spread / Average Target
+10.15%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. SOLARINDS Stock
  4. Financials Solar Industries India Limited