Solar Industries India Ltd.

Financial

	Solar Industries	GOCL Corporation	Premier Explosives
Operational Metrics
Defence
Realization/Tonne - Explosives	47340.0 Rs/MT	48349.99 Rs/MT	n/a
Annual Sales Volume - Bulk Explosive	588834.0 Tonne	76939.0 Tonne	n/a
Unclassified
Order Book as a % of Sales	225.46 %	n/a	179.64 %
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	35.09	1.23	13.33
P/E	191.68	18.99	114.76
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 38.72 Initiating Systems 0 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 61.28	Product Wise Break-Up Defence & Space Services 0 Services 0 ENERGETICS & EXPLOSIVE 70.8 Detonators, Propellants, etc. 0 Metal Clad 0 Defence 0 Realty 1.34 SPG 0 Initiating Systems 0 Explosive 0 Others 27.86	Product Wise Break-Up Defence & Space Services 63.83 Services 0 ENERGETICS & EXPLOSIVE 0 Detonators, Propellants, etc. 0 Metal Clad 0 Defence 0 Realty 0 SPG 0 Initiating Systems 0 Explosive 0 Others 36.17
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 35.26 Defence 19.84 Housing 16.47 Non CIL & Institutional 14.4 Coal 13.2 Others 0.83	-	-
Asset Break-Up	Asset Break-Up India 81.45 Outside India 18.55 Realty 0 Energetics and Explosives 0	Asset Break-Up Outside India 0 India 0 Realty 5.66 Energetics and Explosives 6.05 Others 88.29	-
Order Book Break-Up	Order Book Break-Up Coal 62.02 Defence 37.98 SCCL’s 0	-	Order Book Break-Up SCCL’s 0 Defence 81.0 Coal 0 Others 19.0