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Solar Industries India P/S 2024

Solar Industries India P/S

13.57

Solar Industries India Dividend yield

0.08 %

Ticker

SOLARINDS.NS

ISIN

INE343H01029

As of May 23, 2024, Solar Industries India's P/S ratio stood at 13.57, a 175.81% change from the 4.92 P/S ratio recorded in the previous year.

The Solar Industries India P/S history

Solar Industries India Aktienanalyse

What does Solar Industries India do?

The Solar Industries India Ltd is an Indian company operating in the explosives industry. It was founded in 1995 with its headquarters in Nagpur, Maharashtra. The company develops, produces, and distributes a wide range of explosives used in various industrial sectors such as mining, quarries, defense, and civil construction. The company's history began with the establishment of Solar Explosives Ltd by Rajendra K. Tandon, an experienced mine operator, in 1989. It initially started producing explosives and quickly expanded its activities to other areas. In 1995, the company changed its name to Solar Industries India Ltd and got listed on the Bombay Stock Exchange. Solar Industries India Ltd's business model is based on the development and manufacturing of high-quality explosives and explosive accessories. The company produces different types of explosives such as rifle cartridges, shotgun shells, and rockets. In addition to manufacturing explosives, the company also offers consulting and planning services to provide comprehensive solutions to its customers' explosive needs. The company is divided into different sectors, including mining, quarries, defense, civil construction, and others. In the mining sector, Solar Industries India Ltd offers a wide range of explosives that can be used in coal and copper mines. In the quarry sector, the company provides explosives for rock extraction and stone blasting. In the defense sector, the company produces explosives and explosives for the military and other government institutions. In the civil construction industry, the company manufactures explosives and accessories that can be used in road construction, bridge construction, tunnel construction, and other building works. Solar Industries India Ltd also offers a wide range of accessory products needed for explosive work, such as detonators, primers, explosive capsules, igniters, and more. These accessory products are manufactured in various sizes and types to meet the customers' needs. Among the products manufactured by Solar Industries India Ltd are non-electric explosive systems that provide customers with a reliable and safe way to ignite explosives. These systems are easy to use and do not require electrical power. Instead, they are manually or remotely activated through a radio remote control. The company places great emphasis on environmental protection and has implemented a comprehensive environmental management policy. It has extensive facilities for the disposal and recycling of explosives and accessories, aiming to minimize environmental impacts and ensure the safety and health of its employees. In summary, Solar Industries India Ltd is a leading company in the explosives industry, offering a wide range of products and services that cater to the needs of various sectors. The company has a long history and experience in the manufacturing of explosives and is committed to providing its customers with a reliable and safe solution for their explosive needs. Thanks to its comprehensive environmental management policy, the company also contributes to environmental protection. Solar Industries India ist eines der beliebtesten Unternehmen auf Eulerpool.com.

P/S Details

Decoding Solar Industries India's P/S Ratio

Solar Industries India's Price to Sales (P/S) Ratio is a crucial financial metric that measures the company's market valuation relative to its total sales revenue. It's calculated by dividing the company's market capitalization by its total sales over a specific period. A lower P/S ratio can indicate that the company is undervalued, while a higher ratio may suggest overvaluation.

Year-to-Year Comparison

Comparing Solar Industries India's P/S ratio yearly provides insights into how the market perceives the company’s value relative to its sales. An increasing ratio over time can indicate growing investor confidence, while a decreasing trend might reflect concerns about the company’s revenue generation capabilities or market conditions.

Impact on Investments

The P/S ratio is instrumental for investors evaluating Solar Industries India's stock. It offers insights into the company’s efficiency in generating sales and its market valuation. Investors use this ratio to compare similar companies within the same industry, aiding in selecting stocks that offer the best value for investment.

Interpreting P/S Ratio Fluctuations

Variations in Solar Industries India’s P/S ratio can result from changes in the stock price, sales revenue, or both. Understanding these fluctuations is crucial for investors to evaluate the company’s current valuation and future growth potential, aligning their investment strategies accordingly.

Frequently Asked Questions about Solar Industries India Stock

What is the price-to-earnings ratio of Solar Industries India?

The price-earnings ratio of Solar Industries India is currently 13.57.

How has the price-earnings ratio of Solar Industries India changed compared to last year?

The price-to-earnings ratio of Solar Industries India has increased by 175.81% increased compared to last year.

What consequences does a high price-earnings ratio have for investors?

A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.

What does a low price-earnings ratio mean?

A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.

Is the price-earnings ratio of Solar Industries India high compared to other companies?

Yes, the price-to-earnings ratio of Solar Industries India is high compared to other companies.

How does an increase in the price-earnings ratio of Solar Industries India affect the company?

An increase in the price-earnings ratio of Solar Industries India would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.

How does a reduction in the price-to-earnings ratio of Solar Industries India affect the company?

A decrease in the price-earnings ratio of Solar Industries India would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.

What are some factors that influence the price-earnings ratio of Solar Industries India?

Some factors that influence the price-earnings ratio of Solar Industries India are the company's growth, financial position, industry development, and the overall economic situation.

How much dividend does Solar Industries India pay?

Over the past 12 months, Solar Industries India paid a dividend of 8 INR . This corresponds to a dividend yield of about 0.08 %. For the coming 12 months, Solar Industries India is expected to pay a dividend of 9.53 INR.

What is the dividend yield of Solar Industries India?

The current dividend yield of Solar Industries India is 0.08 %.

When does Solar Industries India pay dividends?

Solar Industries India pays a quarterly dividend. This is distributed in the months of October, September, June, July.

How secure is the dividend of Solar Industries India?

Solar Industries India paid dividends every year for the past 22 years.

What is the dividend of Solar Industries India?

For the upcoming 12 months, dividends amounting to 9.53 INR are expected. This corresponds to a dividend yield of 0.1 %.

In which sector is Solar Industries India located?

Solar Industries India is assigned to the 'Commodities' sector.

Wann musste ich die Aktien von Solar Industries India kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Solar Industries India from 8/1/2023 amounting to 8 INR, you needed to have the stock in your portfolio before the ex-date on 6/9/2023.

When did Solar Industries India pay the last dividend?

The last dividend was paid out on 8/1/2023.

What was the dividend of Solar Industries India in the year 2023?

In the year 2023, Solar Industries India distributed 7.5 INR as dividends.

In which currency does Solar Industries India pay out the dividend?

The dividends of Solar Industries India are distributed in INR.

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Andere Kennzahlen von Solar Industries India

Our stock analysis for Solar Industries India Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Solar Industries India Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.