Solar Industries India Limited

NSE SOLARINDS.NS

Solar Industries India Limited Debt to Equity Ratio for the year ending March 31, 2024: 0.34

Solar Industries India Limited Debt to Equity Ratio is 0.34 for the year ending March 31, 2024, a -24.79% change year over year. Debt to equity ratio represents the financing from debt versus equity. Higher ratio indicates more debt reliance, suggesting potential risk.
  • Solar Industries India Limited Debt to Equity Ratio for the year ending March 31, 2023 was 0.46, a -1.34% change year over year.
  • Solar Industries India Limited Debt to Equity Ratio for the year ending March 31, 2022 was 0.46, a -9.30% change year over year.
  • Solar Industries India Limited Debt to Equity Ratio for the year ending March 31, 2021 was 0.51, a -2.08% change year over year.
  • Solar Industries India Limited Debt to Equity Ratio for the year ending March 31, 2020 was 0.52, a 7.19% change year over year.
Key data
Date Debt to Equity Ratio Debt to Income Ratio Debt to Tangible Net Worth Ratio Dividend Coverage Ratio
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SV Wall Street
NSE: SOLARINDS.NS

Solar Industries India Limited

CEO Mr. Manish Satyanarayan Nuwal
IPO Date April 3, 2006
Location India
Headquarters Solar House
Employees 1,886
Sector Industrials
Industries
Description

Solar Industries India Limited, together with its subsidiaries, engages in the manufacture and sale of industrial explosives and explosive initiating devices in India and internationally. It offers industrial explosives, such as packaged and bulk explosives; and initiating systems, including electronic, non-electric, electric, and plain detonators, as well as cord relays, cast boosters, detonating cords, and aluminum elemented det products. The company also provides defense products, including unmanned aerial systems and drones, ammunitions, military explosives, bombs and warheads, rockets, and drones armed with guided missiles, as well as counter drone systems and initiating systems and pyros comprising fuzes, detonators, ignitors, decoys and flares, and riot control devices. It primarily serves mining, defense, and infrastructure sectors. The company was formerly known as Solar Explosives Limited and changed its name to Solar Industries India Limited in February 2009. Solar Industries India Limited was founded in 1983 and is headquartered in Nagpur, India.

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StockViz Staff

February 2, 2025

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