Stock Analysis
Solar Industries India Full Year 2024 Earnings: Misses Expectations
Solar Industries India (NSE:SOLARINDS) Full Year 2024 Results
Key Financial Results
- Revenue: ₹60.7b (down 12% from FY 2023).
- Net income: ₹8.36b (up 10% from FY 2023).
- Profit margin: 14% (up from 11% in FY 2023). The increase in margin was driven by lower expenses.
- EPS: ₹92.38 (up from ₹83.68 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Solar Industries India Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 5.4%.
The primary driver behind last 12 months revenue was the India segment contributing a total revenue of ₹31.9b (53% of total revenue). Notably, cost of sales worth ₹32.4b amounted to 53% of total revenue thereby underscoring the impact on earnings.Explore how SOLARINDS's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Chemicals industry in India.
Performance of the Indian Chemicals industry.
The company's share price is broadly unchanged from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Solar Industries India's balance sheet and an in-depth analysis of the company's financial position.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Valuation is complex, but we're helping make it simple.
Find out whether Solar Industries India is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
About NSEI:SOLARINDS
Solar Industries India
Engages in the manufacture and sale of industrial explosives and explosive initiating devices in India and internationally.
Exceptional growth potential with flawless balance sheet.