Annual Results Results Snapshot
Figures in Cr
Consolidated - Balance Sheet Results
Mar'26
Mar'25
Mar'24
Mar'23
Mar'22
Mar'21
EQUITY AND LIABILITIES
No of Months
12
12
12
12
12
12
Share Capital
18.10
18.10
18.10
18.10
18.10
18.10
Share Warrants & Outstandings
Total Reserve
6,259.10
4,395.12
3,287.50
2,592.24
1,896.18
1,561.31
Shareholder's Funds
6,277.20
4,413.22
3,305.60
2,610.34
1,914.28
1,579.41
Minority Interest
271.70
160.16
121.65
140.36
100.63
62.69
Long-Term Borrowings
834.84
404.99
594.83
480.31
435.86
433.21
Secured Loans
806.12
332.09
484.01
398.65
435.86
433.21
Unsecured Loans
28.72
72.90
110.82
81.66
0.00
0.00
Deferred Tax Assets / Liabilities
85.75
63.21
37.62
31.42
42.26
46.13
Other Long Term Liabilities
825.96
992.63
23.76
18.95
17.51
17.64
Long Term Trade Payables
0.00
0.00
0.00
0.00
0.00
0.00
Long Term Provisions
2.85
5.32
3.44
2.64
1.00
0.91
Total Non-Current Liabilities
1,734.92
1,455.04
648.37
525.72
496.63
497.89
Current Liabilities
Trade Payables
631.74
492.52
322.94
488.48
464.94
286.08
Other Current Liabilities
1,129.86
1,051.79
641.58
433.16
211.23
328.56
Short Term Borrowings
647.48
545.71
521.42
696.52
430.25
193.98
Short Term Provisions
39.81
23.86
15.48
14.16
11.46
10.81
Total Current Liabilities
2,448.89
2,113.88
1,501.42
1,632.32
1,117.88
819.43
Total Liabilities
10,732.71
8,142.30
5,577.04
4,908.74
3,629.42
2,959.42
ASSETS
Non-Current Assets
0.00
0.00
0.00
0.00
0.00
0.00
Gross Block
4,918.76
3,440.20
2,571.59
2,181.19
1,898.08
0.00
Less: Accumulated Depreciation
973.75
753.58
581.04
508.37
430.83
0.00
Less : Impairment of Assets
0.00
0.00
0.00
0.00
0.00
0.00
Net Block
3,945.01
2,686.62
1,990.55
1,672.82
1,467.25
1,262.53
Lease Adjustment
0.00
0.00
0.00
0.00
0.00
0.00
Capital Work in Progress
691.84
703.38
487.36
279.40
221.13
282.37
Intangible assets under development
38.99
3.60
2.43
2.63
9.24
10.51
Pre-operative Expenses pending
0.00
0.00
0.00
0.00
0.00
0.00
Assets in transit
0.00
0.00
0.00
0.00
0.00
0.00
Non Current Investments
182.69
147.30
156.47
78.51
18.22
0.97
Long Term Loans & Advances
517.41
300.00
154.75
195.05
99.91
70.57
Other Non Current Assets
258.09
136.72
99.93
149.97
127.24
81.81
Total Non-Current Assets
5,695.25
4,019.77
2,928.66
2,407.39
1,968.47
1,733.76
Current Assets Loans & Advances
Current Investments
0.00
528.97
213.44
20.00
0.00
0.00
Inventories
1,741.86
1,039.98
846.82
1,097.99
718.87
440.49
Sundry Debtors
1,857.86
1,238.58
844.85
825.28
541.10
455.48
Cash and Bank
584.14
725.48
287.26
260.09
98.75
181.20
Other Current Assets
146.56
117.41
68.86
31.33
35.21
24.19
Short Term Loans and Advances
707.04
472.11
387.15
266.66
267.02
124.30
Total Current Assets
5,037.46
4,122.53
2,648.38
2,501.35
1,660.95
1,225.66
Net Current Assets (Including Current Investments)
2,588.57
2,008.65
1,146.96
869.03
543.07
406.23
Total Current Assets Excluding Current Investments
5,037.46
3,593.56
2,434.94
2,481.35
1,660.95
1,225.66
Miscellaneous Expenses not written off
0.00
0.00
0.00
0.00
0.00
0.00
Total Assets
10,732.71
8,142.30
5,577.04
4,908.74
3,629.42
2,959.42
Contingent Liabilities
15.27
18.61
21.99
8.03
8.53
10.42
Total Debt
1,467.84
939.59
1,104.97
1,169.23
866.11
627.19
Book Value per share (adjusted)
693.61
487.65
365.26
288.44
211.52
174.52
Balance Sheet Analysis Highlights
Borrowings
YoY Growth in year ended Mar 2026 is 56.22% vs -14.97% in Mar 2025
Other Long Term Liabilities
YoY Growth in year ended Mar 2026 is -16.79% vs 4,077.74% in Mar 2025
Fixed Assets
YoY Growth in year ended Mar 2026 is 36.78% vs 36.81% in Mar 2025
Investments
YoY Growth in year ended Mar 2026 is 24.03% vs -5.86% in Mar 2025
Current Assets
YoY Growth in year ended Mar 2026 is 22.19% vs 55.66% in Mar 2025
Compare Balance Sheet Results of Solar Industries
Figures in Cr
Consolidated - Balance Sheet Results
Change(INR)
Change(%)
No of Months
12
12
EQUITY AND LIABILITIES
Share Capital
18.10
85.28
-67.18
-78.78%
Share Warrants & Outstandings
Total Reserve
6,259.10
4,177.95
2,081.15
49.81%
Shareholder's Funds
6,277.20
4,266.55
2,010.65
47.13%
Minority Interest
271.70
0.00
271.70
0.00%
Long-Term Borrowings
834.84
0.00
834.84
0.00%
Secured Loans
806.12
0.00
806.12
0.00%
Unsecured Loans
28.72
0.00
28.72
0.00%
Deferred Tax Assets / Liabilities
85.75
150.27
-64.52
-42.94%
Other Long Term Liabilities
825.96
88.60
737.36
832.23%
Long Term Trade Payables
0.00
0.00
0.00
0.00%
Long Term Provisions
2.85
82.84
-79.99
-96.56%
Total Non-Current Liabilities
1,734.92
321.71
1,413.21
439.28%
Current Liabilities
Trade Payables
631.74
574.59
57.15
9.95%
Other Current Liabilities
1,129.86
602.43
527.43
87.55%
Short Term Borrowings
647.48
0.00
647.48
0.00%
Short Term Provisions
39.81
43.00
-3.19
-7.42%
Total Current Liabilities
2,448.89
1,220.02
1,228.87
100.73%
Total Liabilities
10,732.71
5,808.28
4,924.43
84.78%
ASSETS
Non-Current Assets
0.00
0.00
0.00
0.00%
Gross Block
4,918.76
3,874.85
1,043.91
26.94%
Less: Accumulated Depreciation
973.75
1,869.14
-895.39
-47.90%
Less : Impairment of Assets
0.00
0.00
0.00
0.00%
Net Block
3,945.01
2,005.70
1,939.31
96.69%
Lease Adjustment
0.00
0.00
0.00
0.00%
Capital Work in Progress
691.84
1,342.78
-650.94
-48.48%
Intangible assets under development
38.99
0.00
38.99
0.00%
Pre-operative Expenses pending
0.00
0.00
0.00
0.00%
Assets in transit
0.00
0.00
0.00
0.00%
Non Current Investments
182.69
82.02
100.67
122.74%
Long Term Loans & Advances
517.41
969.61
-452.20
-46.64%
Other Non Current Assets
258.09
269.77
-11.68
-4.33%
Total Non-Current Assets
5,695.25
4,756.76
938.49
19.73%
Current Assets Loans & Advances
Current Investments
0.00
0.00
0.00
0.00%
Inventories
1,741.86
123.02
1,618.84
1,315.92%
Sundry Debtors
1,857.86
507.99
1,349.87
265.73%
Cash and Bank
584.14
112.15
471.99
420.86%
Other Current Assets
146.56
192.41
-45.85
-23.83%
Short Term Loans and Advances
707.04
115.94
591.10
509.83%
Total Current Assets
5,037.46
1,051.52
3,985.94
379.06%
Net Current Assets (Including Current Investments)
2,588.57
-168.50
2,757.07
1,636.24%
Total Current Assets Excluding Current Investments
5,037.46
1,051.52
3,985.94
379.06%
Miscellaneous Expenses not written off
0.00
0.00
0.00
0.00%
Total Assets
10,732.71
5,808.28
4,924.43
84.78%
Contingent Liabilities
15.27
75.10
-59.83
-79.67%
Total Debt
1,467.84
0.00
1,467.84
0.00%
Book Value per share (adjusted)
693.61
500.28
193.33
38.64%
Annual - Borrowings
Borrowings 1,467.84 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 56.22% vs -14.97% in Mar 2025
Annual - Other Long Term Liabilities
Other Long Term Liabilities 825.96 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is -16.79% vs 4,077.74% in Mar 2025
Annual - Fixed Assets
Fixed Assets 4,636.85 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 36.78% vs 36.81% in Mar 2025
Annual - Investments
Investments 182.69 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 24.03% vs -5.86% in Mar 2025
Annual - Current Assets
Current Assets 5,037.46 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 22.19% vs 55.66% in Mar 2025
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