Solar Industries India Ltd.

Financial

	Solar Industries	GOCL Corporation	Premier Explosives
Operational Metrics
Explosives
Realization/Tonne - Explosives	44754.0 Rs/MT	48349.99 Rs/MT	n/a
Annual Sales Volume - Bulk Explosive	620888.0 Tonne	76939.0 Tonne	n/a
Unclassified
Order Book as a % of Sales	90.24 %	n/a	111.39 %
Financials
5 yr Average ROE	22.85 %	9.17 %	1.65 %
5yr average Equity Multiplier	1.83	2.39	1.77
5yr Average Asset Turnover Ratio	1.07	0.21	0.56
5yr Avg Net Profit Margin	11.77 %	18.78 %	0.67 %
Price to Book	31.59	1.01	9.77
P/E	106.81	10.5	67.81
5yr Avg Cash Conversion Cycle	70.52 Days	31.93 Days	145.68 Days
Inventory Days	52.77 Days	65.68 Days	92.93 Days
Days Receivable	50.22 Days	42.89 Days	84.84 Days
Days Payable	40.0 Days	75.3 Days	77.11 Days
5yr Average Interest Coverage Ratio	10.95	3.33	1.24
5yr Avg ROCE	27.36 %	7.7 %	6.3 %
5yr Avg Operating Profit Margin	19.93 %	0.09 %	9.16 %
5 yr average Debt to Equity	0.45	1.15	0.34
5yr CAGR Net Profit	25.6 %	-0.55 %	n/a
5yr Average Return on Assets	12.54 %	3.71 %	0.66 %
Shareholdings
Promoter Holding	73.15 %	72.82 %	41.33 %
Share Pledged by Promoters	1.52 %	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	-1.01 %	0.0
Change in Mutual Fund Holding (3 Yrs)	-2.06 %	0.0	4.57 %

Business

	Solar Industries	GOCL Corporation	Premier Explosives
Product Wise Break-Up	Product Wise Break-Up Explosive 35.23 Initiating Systems 7.91 Defence 0 ENERGETICS & EXPLOSIVE 0 Realty 0 Metal Clad 0 SPG 0 Explosive 0 Defence & Space Services 0 Services 0 Detonators, Propellants, etc. 0 Others 56.86	Product Wise Break-Up Defence 0 Detonators, Propellants, etc. 0 Services 0 Realty 0.51 ENERGETICS & EXPLOSIVE 81.74 SPG 0 Defence & Space Services 0 Explosive 0 Initiating Systems 0 Metal Clad 0 Others 17.75	Product Wise Break-Up Defence 0 Detonators, Propellants, etc. 0 Services 0 Realty 0 ENERGETICS & EXPLOSIVE 0 SPG 0 Defence & Space Services 87.46 Explosive 0 Initiating Systems 0 Metal Clad 0 Others 12.54
Location Wise Break-Up	Location Wise Break-Up India 53.97 Rest of the World 46.03	Location Wise Break-Up India 94.17 Rest of the World 5.83	Location Wise Break-Up India 74.32 Rest of the World 25.68
Customer Wise Break-Up	Customer Wise Break-Up Export 38.42 Defence 20.73 Non CIL & Institutional 14.09 Coal 13.13 Housing 13.03 Others 0.6	-	-
Asset Break-Up	Asset Break-Up India 81.45 Outside India 18.55 Realty 0 Energetics and Explosives 0	Asset Break-Up Energetics and Explosives 7.59 India 0 Outside India 0 Realty 5.66 Others 86.75	-
Order Book Break-Up	Order Book Break-Up Coal 62.02 Defence 37.98 SCCL’s 0	-	-