Solar Industries India Shows Strong Growth Amid Shift in Technical Trend
Solar Industries India, a prominent player in the chemicals sector, has recently experienced an adjustment in its evaluation. This revision reflects a shift in the technical trend, moving from a mildly bullish stance to a sideways position. The company's performance indicators reveal a strong long-term fundamental strength, highlighted by an average Return on Capital Employed (ROCE) of 26.08%. In the latest quarter, Solar Industries reported a significant growth in net profit, showcasing a 50.73% increase, and has consistently delivered positive results over the past three quarters. The company’s net sales have also demonstrated robust growth, with an annual rate of 24.21%, and an operating profit growth of 31.43%.
Despite the recent technical trend change, Solar Industries maintains a healthy debt-to-EBITDA ratio of 0.93 times and a low debt-equity ratio of 0.32 times, indicating a strong ability to service its debt. With a market capitalization of Rs 1,01,020 crore, it stands as the largest entity in its sector, representing 18.29% of the entire industry.
For more insights on Solar Industries India and its financial trend performance, you can Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.
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