Solar Industries India Limited

NSEI:SOLARINDS Stock Report

Market Cap: ₹961.3b

Solar Industries India Valuation

Is SOLARINDS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SOLARINDS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SOLARINDS (₹10522.5) is trading above our estimate of fair value (₹1870.3)

Significantly Below Fair Value: SOLARINDS is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SOLARINDS?

Other financial metrics that can be useful for relative valuation.

SOLARINDS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue15.9x
Enterprise Value/EBITDA57.8x
PEG Ratio3.8x

Price to Earnings Ratio vs Peers

How does SOLARINDS's PE Ratio compare to its peers?

The above table shows the PE ratio for SOLARINDS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average56.6x
SUPREMEIND Supreme Industries
61x17.0%₹687.6b
509480 Berger Paints India
57.2x9.2%₹667.2b
506401 Deepak Nitrite
44.5x16.0%₹384.3b
CARBORUNIV Carborundum Universal
63.6x17.5%₹298.4b
SOLARINDS Solar Industries India
102.9x27.3%₹961.3b

Price-To-Earnings vs Peers: SOLARINDS is expensive based on its Price-To-Earnings Ratio (102.9x) compared to the peer average (56.6x).

Price to Earnings Ratio vs Industry

How does SOLARINDS's PE Ratio compare vs other companies in the IN Chemicals Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a20.4%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a20.4%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: SOLARINDS is expensive based on its Price-To-Earnings Ratio (102.9x) compared to the Indian Chemicals industry average (35.3x).

Price to Earnings Ratio vs Fair Ratio

What is SOLARINDS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SOLARINDS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio102.9x
Fair PE Ratio51.8x

Price-To-Earnings vs Fair Ratio: SOLARINDS is expensive based on its Price-To-Earnings Ratio (102.9x) compared to the estimated Fair Price-To-Earnings Ratio (51.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SOLARINDS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹10,522.50
₹11,446.25
+8.8%
11.0%₹13,250.00₹9,730.00n/a4
Aug ’25₹10,719.95
₹10,308.50
-3.8%
17.5%₹13,250.00₹8,500.00n/a4
Jul ’25₹10,098.60
₹9,746.00
-3.5%
9.7%₹11,000.00₹8,500.00n/a4
Jun ’25₹9,370.50
₹9,746.00
+4.0%
9.7%₹11,000.00₹8,500.00n/a4
May ’25₹8,968.15
₹7,891.50
-12.0%
23.1%₹10,950.00₹6,180.00n/a4
Apr ’25₹8,726.05
₹7,891.50
-9.6%
23.1%₹10,950.00₹6,180.00n/a4
Mar ’25₹6,877.65
₹7,186.50
+4.5%
9.7%₹8,130.00₹6,180.00n/a4
Feb ’25₹6,341.90
₹6,531.50
+3.0%
19.0%₹8,130.00₹5,270.00n/a4
Jan ’25₹6,778.05
₹5,802.40
-14.4%
7.4%₹6,421.00₹5,270.00n/a5
Dec ’24₹6,188.75
₹5,618.67
-9.2%
10.1%₹6,421.00₹4,700.00n/a6
Nov ’24₹5,521.35
₹4,699.17
-14.9%
10.6%₹5,689.00₹4,140.00n/a6
Oct ’24₹4,820.00
₹4,699.17
-2.5%
10.6%₹5,689.00₹4,140.00n/a6
Sep ’24₹4,753.35
₹4,490.00
-5.5%
5.0%₹4,700.00₹4,140.00n/a6
Aug ’24₹3,848.55
₹4,472.67
+16.2%
5.2%₹4,700.00₹4,141.00₹10,719.956
Jul ’24₹3,740.30
₹4,503.60
+20.4%
5.4%₹4,700.00₹4,141.00₹10,098.605
Jun ’24₹3,765.90
₹4,503.60
+19.6%
5.4%₹4,700.00₹4,141.00₹9,370.505
May ’24₹3,823.80
₹4,628.00
+21.0%
4.4%₹4,775.00₹4,277.00₹8,968.154
Apr ’24₹3,792.50
₹4,628.00
+22.0%
4.4%₹4,775.00₹4,277.00₹8,726.054
Mar ’24₹3,906.30
₹4,628.00
+18.5%
4.4%₹4,775.00₹4,277.00₹6,877.654
Feb ’24₹3,944.40
₹4,628.00
+17.3%
4.4%₹4,775.00₹4,277.00₹6,341.904
Jan ’24₹4,384.55
₹4,616.50
+5.3%
3.9%₹4,760.00₹4,306.00₹6,778.054
Dec ’23₹4,078.55
₹4,482.75
+9.9%
4.9%₹4,700.00₹4,225.00₹6,188.754
Nov ’23₹3,955.80
₹3,177.00
-19.7%
7.6%₹3,400.00₹2,865.00₹5,521.355
Oct ’23₹3,916.80
₹3,177.00
-18.9%
7.6%₹3,400.00₹2,865.00₹4,820.005
Sep ’23₹3,326.60
₹3,177.00
-4.5%
7.6%₹3,400.00₹2,865.00₹4,753.355
Aug ’23₹2,693.25
₹3,123.75
+16.0%
7.8%₹3,400.00₹2,865.00₹3,848.554

Analyst Forecast: Target price is less than 20% higher than the current share price.

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