Solar Industries India Limited

NSEI:SOLARINDS Stock Report

Market Cap: ₹862.1b

Solar Industries India Management

Management criteria checks 1/4

Solar Industries India's CEO is Manish Nuwal, appointed in Apr 2021, has a tenure of 3.67 years. total yearly compensation is ₹183.70M, comprised of 26.1% salary and 73.9% bonuses, including company stock and options. directly owns 38.93% of the company’s shares, worth ₹335.67B. The average tenure of the management team and the board of directors is 3.7 years and 2.2 years respectively.

Key information

Manish Nuwal

Chief executive officer

₹183.7m

Total compensation

CEO salary percentage26.1%
CEO tenure3.7yrs
CEO ownership38.9%
Management average tenure3.7yrs
Board average tenure2.2yrs

Recent management updates

Recent updates

Does Solar Industries India (NSE:SOLARINDS) Have A Healthy Balance Sheet?

Dec 23
Does Solar Industries India (NSE:SOLARINDS) Have A Healthy Balance Sheet?

Under The Bonnet, Solar Industries India's (NSE:SOLARINDS) Returns Look Impressive

Dec 05
Under The Bonnet, Solar Industries India's (NSE:SOLARINDS) Returns Look Impressive

Solar Industries India Limited Recorded A 10% Miss On Revenue: Analysts Are Revisiting Their Models

Nov 17
Solar Industries India Limited Recorded A 10% Miss On Revenue: Analysts Are Revisiting Their Models

Solar Industries India Limited's (NSE:SOLARINDS) P/S Still Appears To Be Reasonable

Oct 28
Solar Industries India Limited's (NSE:SOLARINDS) P/S Still Appears To Be Reasonable

Solar Industries India (NSE:SOLARINDS) Ticks All The Boxes When It Comes To Earnings Growth

Oct 06
Solar Industries India (NSE:SOLARINDS) Ticks All The Boxes When It Comes To Earnings Growth

Under The Bonnet, Solar Industries India's (NSE:SOLARINDS) Returns Look Impressive

Aug 27
Under The Bonnet, Solar Industries India's (NSE:SOLARINDS) Returns Look Impressive

Solar Industries India Limited Recorded A 15% Miss On Revenue: Analysts Are Revisiting Their Models

Aug 09
Solar Industries India Limited Recorded A 15% Miss On Revenue: Analysts Are Revisiting Their Models

Investors Appear Satisfied With Solar Industries India Limited's (NSE:SOLARINDS) Prospects As Shares Rocket 40%

Jul 05
Investors Appear Satisfied With Solar Industries India Limited's (NSE:SOLARINDS) Prospects As Shares Rocket 40%

We Think Solar Industries India (NSE:SOLARINDS) Can Stay On Top Of Its Debt

Jun 09
We Think Solar Industries India (NSE:SOLARINDS) Can Stay On Top Of Its Debt

Investors Shouldn't Overlook Solar Industries India's (NSE:SOLARINDS) Impressive Returns On Capital

May 04
Investors Shouldn't Overlook Solar Industries India's (NSE:SOLARINDS) Impressive Returns On Capital

If EPS Growth Is Important To You, Solar Industries India (NSE:SOLARINDS) Presents An Opportunity

Apr 07
If EPS Growth Is Important To You, Solar Industries India (NSE:SOLARINDS) Presents An Opportunity

Why We Like The Returns At Solar Industries India (NSE:SOLARINDS)

Feb 04
Why We Like The Returns At Solar Industries India (NSE:SOLARINDS)

Some Confidence Is Lacking In Solar Industries India Limited's (NSE:SOLARINDS) P/E

Jan 17
Some Confidence Is Lacking In Solar Industries India Limited's (NSE:SOLARINDS) P/E

CEO Compensation Analysis

How has Manish Nuwal's remuneration changed compared to Solar Industries India's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

₹10b

Jun 30 2024n/an/a

₹9b

Mar 31 2024₹184m₹48m

₹8b

Dec 31 2023n/an/a

₹8b

Sep 30 2023n/an/a

₹8b

Jun 30 2023n/an/a

₹8b

Mar 31 2023₹118m₹42m

₹8b

Dec 31 2022n/an/a

₹7b

Sep 30 2022n/an/a

₹6b

Jun 30 2022n/an/a

₹5b

Mar 31 2022₹51m₹30m

₹4b

Dec 31 2021n/an/a

₹4b

Sep 30 2021n/an/a

₹3b

Jun 30 2021n/an/a

₹3b

Mar 31 2021₹28m₹12m

₹3b

Dec 31 2020n/an/a

₹2b

Sep 30 2020n/an/a

₹2b

Jun 30 2020n/an/a

₹2b

Mar 31 2020₹28m₹12m

₹3b

Dec 31 2019n/an/a

₹3b

Sep 30 2019n/an/a

₹3b

Jun 30 2019n/an/a

₹3b

Mar 31 2019₹28m₹12m

₹3b

Dec 31 2018n/an/a

₹3b

Sep 30 2018n/an/a

₹2b

Jun 30 2018n/an/a

₹2b

Mar 31 2018₹28m₹12m

₹2b

Compensation vs Market: Manish's total compensation ($USD2.15M) is above average for companies of similar size in the Indian market ($USD1.05M).

Compensation vs Earnings: Manish's compensation has increased by more than 20% in the past year.

CEO

Manish Nuwal (50 yo)

3.7yrs

Tenure

₹183,700,000

Compensation

Mr. Manish Satyanarayan Nuwal serves as the Chief Executive Officer of Solar Industries India Limited. Mr. Nuwal has been the Managing Director at Solar Industries India Limited (formerly, Solar Explosives...

Leadership Team

NamePositionTenureCompensationOwnership
Manish Nuwal
CEO, MD & Executive Director3.7yrs₹183.70m38.93%
₹ 335.7b
Moneesh Agrawal
Joint Chief Financial Officer3.6yrs₹4.70mno data
Shalinee Mandhana
Joint Chief Financial Officer3.6yrs₹4.10mno data
Khushboo Pasari
Compliance Officer & Company Secretary17.2yrs₹2.60mno data
Suresh Menon
Whole Time Directorno data₹11.90mno data
Milind Deshmukh
Executive Directorno data₹12.20mno data
Sanjay Singh
Senior General Manager of Safety3.9yrsno datano data

3.7yrs

Average Tenure

59yo

Average Age

Experienced Management: SOLARINDS's management team is considered experienced (3.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Manish Nuwal
CEO, MD & Executive Director16.2yrs₹183.70m38.93%
₹ 335.7b
Suresh Menon
Whole Time Director6.6yrs₹11.90mno data
Milind Deshmukh
Executive Director3.4yrs₹12.20mno data
Satyanarayan Nuwal
Non-Executive Chairmanno data₹3.50m11.11%
₹ 95.8b
Rashmi Prasad
Non-Executive Independent Director1.3yrs₹300.00kno data
Dinesh Batra
Non-Executive Independent Additional Directorless than a yearno datano data
Natrajan Ramkrishna
Non-Executive Independent Director2.2yrs₹1.12mno data
Jagdish Belwal
Non-Executive Independent Director2yrs₹810.00kno data

2.2yrs

Average Tenure

63yo

Average Age

Experienced Board: SOLARINDS's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 20:37
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Solar Industries India Limited is covered by 10 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Rajesh ZawarAnand Rathi Shares and Stock Brokers Limited
null nullAntique Stockbroking Ltd.
Chirag MuchhalaCentrum Broking Limited