Company Valuation: Solar Industries India Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 1,16,067 2,53,055 3,43,184 7,94,661 10,17,470 15,08,017 - -
Change - 118.03% 35.62% 131.56% 28.04% 48.21% - -
Enterprise Value (EV) 1 1,16,067 2,53,055 3,43,184 7,94,661 10,17,470 15,20,627 15,30,816 15,34,242
Change - 118.03% 35.62% 131.56% 28.04% 49.45% 0.67% 0.22%
P/E ratio 42x 57.3x 45.3x 95.1x 84.1x 89.6x 71.9x 56.7x
PBR 7.35x 13.2x 13.1x 24x 23.2x 25.1x 18.7x 14.1x
PEG - 1x 0.6x 9.1x 1.9x 2.3x 2.9x 2.1x
Capitalization / Revenue 4.61x 6.41x 4.96x 13.1x 13.5x 15.4x 12.2x 9.92x
EV / Revenue 4.61x 6.41x 4.96x 13.1x 13.5x 15.5x 12.4x 10.1x
EV / EBITDA 22.6x 33.9x 26.6x 58x 51.9x 58.4x 45.7x 36.9x
EV / EBIT 27.6x 39.7x 29.6x 64.8x 57.2x 64.4x 50.4x 41.4x
EV / FCF 127x 2,443x 193x 93.9x 69.6x -207x -3,149x 176x
FCF Yield 0.79% 0.04% 0.52% 1.06% 1.44% -0.48% -0.03% 0.57%
Dividend per Share 2 6 7.5 8 8.5 10 11.82 13.83 16.83
Rate of return 0.47% 0.27% 0.21% 0.1% 0.09% 0.07% 0.08% 0.1%
EPS 2 30.54 48.77 83.68 92.38 133.6 185.9 231.9 293.7
Distribution rate 19.6% 15.4% 9.56% 9.2% 7.48% 6.36% 5.97% 5.73%
Net sales 1 25,156 39,476 69,225 60,695 75,403 97,887 1,23,371 1,52,053
EBITDA 1 5,146 7,473 12,889 13,692 19,604 26,020 33,487 41,596
EBIT 1 4,211 6,380 11,607 12,258 17,789 23,630 30,401 37,045
Net income 1 2,764 4,413 7,572 8,359 12,094 16,816 21,062 26,736
Net Debt 1 - - - - - 12,611 22,799 26,225
Reference price 2 1,282.65 2,796.50 3,792.50 8,781.75 11,244.00 16,665.00 16,665.00 16,665.00
Nbr of stocks (in thousands) 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 - - -
1INR in Million2INR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
84.9x14.72x55.39x0.07% 1.49TCr
25.65x4.01x12.94x2.15% 12TCr
35.21x1.48x9.31x5.44% 4.92TCr
14.62x1.35x7.5x2.17% 3.84TCr
13.25x3.79x9.32x3.38% 3.05TCr
-604.02x3.57x99.72x - 2.13TCr
25.02x3.55x14.54x0.45% 2.45TCr
7.35x0.94x5.71x3.74% 2.38TCr
13.97x1.03x8.79x2.75% 2.34TCr
13.81x2.67x19.65x5.04% 2.18TCr
Average -37.02x 3.71x 24.29x 2.8% 3.67TCr
Weighted average by Cap. -11.95x 3.29x 18.10x 2.85%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Solar Industries India Limited