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Solar Industries India stock: key metrics
SOLARINDS.NSSolar Industries India had an operating margin of 24.1% and a return on invested capital (ROIC) of 29.1% in fiscal 2026.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2007 | 37.5% | −49.1% | 9.3% |
| 2008 | 100.0% | 23.3% | 12.9% |
| 2009 | 100.0% | 18.4% | 9.0% |
| 2010 | 100.0% | 18.7% | 10.5% |
| 2011 | 100.7% | 25.5% | 10.5% |
| 2012 | 37.8% | 16.4% | 10.5% |
| 2013 | 39.0% | 15.4% | 10.4% |
| 2014 | 44.6% | 29.3% | 10.5% |
| 2015 | 43.1% | 37.0% | 10.9% |
| 2016 | 38.6% | 32.3% | 11.5% |
| 2017 | 41.7% | 34.7% | 11.7% |
| 2018 | 43.4% | 33.8% | 11.5% |
| 2019 | 42.2% | 32.8% | 10.6% |
| 2020 | 44.7% | 33.1% | 12.0% |
| 2021 | 45.5% | 34.4% | 11.0% |
| 2022 | 40.3% | 31.3% | 11.2% |
| 2023 | 36.7% | 29.7% | 10.9% |
| 2024 | 46.6% | 38.1% | 13.8% |
| 2025 | 47.4% | 38.2% | 16.0% |
| 2026 | 39.1% | 24.1% | 17.1% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2007 | 11.3% | −49.8% | 6.4% |
| 2008 | 19.4% | 28.1% | 11.0% |
| 2009 | 20.0% | 45.3% | 9.8% |
| 2010 | 22.1% | 64.6% | 10.8% |
| 2011 | 23.9% | 67.5% | 11.4% |
| 2012 | 25.0% | 25.1% | 11.3% |
| 2013 | 20.3% | 18.8% | 10.5% |
| 2014 | 17.9% | 27.7% | 8.8% |
| 2015 | 19.0% | 35.7% | 10.6% |
| 2016 | 19.2% | 27.9% | 10.7% |
| 2017 | 20.0% | 29.7% | 10.8% |
| 2018 | 20.3% | 30.1% | 11.1% |
| 2019 | 21.1% | 33.1% | 11.5% |
| 2020 | 19.4% | 32.0% | 10.6% |
| 2021 | 17.5% | 29.0% | 9.1% |
| 2022 | 23.1% | 36.5% | 11.8% |
| 2023 | 29.0% | 46.8% | 15.0% |
| 2024 | 25.3% | 44.8% | 14.6% |
| 2025 | 27.6% | 50.3% | 14.6% |
| 2026 | 26.7% | 29.1% | 15.4% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 31 Mar 2026
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = ₹94.0836)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 10 Apr 2026)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.