SOLARAHealthcare

Solara Active Pharma Sciences Limited

Pharmaceuticals · ISIN INE624Z01016 · BSE 541540 · NSE EQ · FV ₹10
Last price
₹742
+4.24%today
What this company does

Solara Active Pharma Sciences Limited operates in Pharmaceuticals, part of the Healthcare sector. It booked ₹382 cr of revenue in its latest quarter (Q1 FY27) and kept 4.3% of sales as profit.

Solara Active Pharma Sciences Limited (hereafter referred to as ‘Solara’, ‘We’, or ‘Our Company’) offers a diversified portfolio of high-value commercial APIs across more than 70 countries. Our robust manufacturing base comprises six state-of-the- art API manufacturing facilities that comply with stringent global standards.
Their stated vision

To be among the Top 10 endeavour to keep our stakeholders, Pure-Play global API companies suppliers and customers aware and well- that build significant value for informed on how we conduct our business.

Their stated mission

To be a customer-centric Integrity organisation delivering APIs of Our business stands on the pillar of integrity, high quality honesty and fairness.

In the report:
40out of 100
Equitytale Health Score
Strained

Healthier than 40% of companies in Healthcare, on all six measures of filed financials. Each measure is ranked against the 33–150 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
overbought
RSI (14)
70

At close. Not part of the score.

Profitability & returns27

How much profit it earns on the money it employs

Balance sheet15

How much it owes, and whether earnings cover the interest

Cash quality91

Whether reported profit actually arrives as cash

Growth & consistency27

Whether sales and profit have grown, and how steadily

Valuation50

What today's price implies, against our models or its peers

Governance & risk52

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 20% vs last year
Profit up 55% vs last year
Promoters hold 42%
Turns profit into real cash
Watch-outs
! Thin 4.3% net margin
! 37.1% of promoter stake pledged
! Low 5.2% return on equity

What if I invest in SOLARA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹742 +4.24%
latest close · 2026-09-17
1-year return
-54.4%
52-wk low ₹32052-wk high ₹1,749
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio52.7High
LowAverageHigh
P/B ratio2.85Moderate
Below bookModerateHigh
EV / EBITDA16.3High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity5.2%Weak
WeakFairStrong ▸15%
Return on capital10.6%Fair
WeakFairStrong
Net margin4.3%Thin
ThinDecentStrong
EBITDA margin16.9%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.53Moderate
LowModerateHigh ▸1
Interest cover1.8×Risky
RiskyOkayStrong ▸5×
Current ratio0.96Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹3,565 cr
Book value
₹261
EPS
₹3.52
latest quarter
Net debt
₹660 cr
owes more than its cash
Enterprise value
₹4,225 cr
EBITDA
₹259 cr
annualised
EBIT
₹152 cr
annualised
Operating margin
9.9%
Return on assets
2.8%
Earnings yield
1.90%
P/S
2.34
Sales / share
₹317.6
Tax rate
0.0%
Face value
₹10
Shares
4.8 cr
Working capital
₹-36 cr
Current assets
₹858 cr
Current liabilities
₹894 cr
Delivery %
39.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹314₹314, midpoint ₹314

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹382 cr
Other Income₹3 cr
Total Income₹384 cr
Cost of Materials₹181 cr
Purchases of Stock-in-Trade₹86 L
Inventory Change (±)₹15 cr
Employee Benefit Expense₹56 cr
Finance Costs₹22 cr
Depreciation & Amortisation₹27 cr
Other Expenses₹67 cr
Total Expenses₹368 cr
Profit before Tax₹16 cr
Tax Expense₹0 cr
Net Profit₹16 cr
Net margin on total income4.2%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹196 cr51.1%
Employee benefit expense₹56 cr14.6%
Finance costs₹22 cr5.6%
Depreciation & amortisation₹27 cr7.0%
Other expenses₹67 cr17.5%
Profit for the period₹16 cr4.2%
Total income ₹384 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue349 cr387 cr382 cr
Total income349 cr392 cr384 cr
Expenses360 cr383 cr368 cr
Profit before tax-17 cr10 cr16 cr
Tax0 cr0 cr0 cr
Net profit (owners' share)-17 cr10 cr16 cr
Net margin (owners' share, on revenue)-5.0%2.5%4.3%
EPS (₹)-3.982.203.52
YoY (latest quarter): total income +20.0% · net profit +55.0%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹2,333 cr
Shareholder equity
₹1,253 cr
parent shareholders
Total debt
₹665 cr
Cash
₹4 cr
Cash flow · H1 FY26
Operating
₹74 cr
Investing
₹-27 cr
Financing
₹-47 cr
Peer comparison
Pharmaceuticals · by market value
CompanyPriceMarket capP/E
Sun Pharmaceutical Industries Limited₹1,867₹4.48 L cr38.6
Divi's Laboratories Limited₹9,323₹2.47 L cr68.7
Torrent Pharmaceuticals Limited₹4,875₹1.65 L cr82.0
Zydus Lifesciences Limited₹1,135₹1.13 L cr30.4
Cipla Limited₹1,376₹1.11 L cr35.2
Laurus Labs Limited₹1,948₹1.05 L cr71.5
Dr. Reddy's Laboratories Limited₹1,175₹98,113 cr55.1
Aurobindo Pharma Limited₹1,690₹97,243 cr23.7
Lupin Limited₹2,098₹95,936 cr16.9
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹3
ex 18 Aug 2021
ActionDetailEx-date
Rights issue3:115 May 2024
Dividend₹3 / share18 Aug 2021
Dividend₹4 / share19 Nov 2020
Dividend₹2 / share28 Jul 2020
Dividend₹5 / share6 Aug 2019
Who owns it · 2026-06-30
37.1% pledged
Promoter
41.9%
FII / Foreign
11.5%
DII / Domestic
3.7%
Retail / others
42.8%
Promoter stake up 11.4% over the last 12 quarters.
Smart-money activity
Insider trades
SoldPoorvank Purohit · Other10,000 · ₹63.2 L30 Jun 25
SoldPoorvank Purohit · Other4,823 · ₹29.5 L25 Jun 25
BoughtVishal Mathur · -5,473 · ₹29.8 L23 Jun 25
Bulk / block deals
short · NSE5320 Aug 26
BoughtJUNOMONETA FINSOL PRIVATE LIMITED · NSE2.83 L @ ₹626.1920 Aug 26
SoldJUNOMONETA FINSOL PRIVATE LIMITED · NSE2.83 L @ ₹626.8220 Aug 26
Stake changes
SoldMitsubishi UFJ Financial Group (MUFG)→ 4.37% · 9.64 L1 Sep 25
BoughtPronomz Ventures LLP · promoter→ 42.10% · 20.00 L16 Jun 25
SoldTPG Growth IV SF Pte. Ltd.→ 3.89% · 7.29 L19 Dec 24
Promoter pledges
PledgedPronomz Ventures LLP81,912 · 4.00% held10 Jun 24
PledgedPronomz Ventures LLP81,912 · 4.00% held10 Jun 24
PledgedJM Financial Services Ltd15.00 L · 0.00% held6 Jun 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 6 Mar 2026
See the official result
1
Appointment of Mr. Mohanraj Sanjeevi (DIN: 08420411) as a Whole-time Director (Executive Director) of the Company
Backed by 100% of shareholders other than promotersneeded 75%
92.28 L votes for, 7,752 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 23 named members
owning 41.9% between them · as of 2026-06-30
DEVICAM CAPITAL LLP15.47%
PRONOMZ VENTURES LLP9.71%
SRJR ENTERPRISE LLP3.52%
ARUN KUMAR PILLAI3.46%
K R RAVISHANKAR2.75%
CHAYADEEP VENTURES LLP2.10%
AGNUS CAPITAL LLP1.76%
CHAYADEEP PROPERTIES PRIVATE LIMITED1.09%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹443 cr raised in May 2026 by offering new shares to existing shareholders

As of Jun 2026, the company says it has spent 98% of what it set aside, leaving ₹8 cr still to be spent. CRISIL Ratings Limited watches the spending on the exchange’s behalf.

Repayment or pre-payment, in full or in part, of certain of outstanding borrowings availed by the Company
100%
₹334 cr of ₹335 cr
General Corporate Purposes
originally ₹112 cr
budget changed
94%
₹105 cr of ₹112 cr
₹310 cr raised in Mar 2026 by offering new shares to existing shareholders

As of Mar 2026, the company says it has spent 69% of what it set aside, leaving ₹138 cr still to be spent. CRISIL RATINGS Limited watches the spending on the exchange’s behalf.

Repayment or prepayment, in full or in part, of certain of outstanding borrowings availed by the Company
70%
₹234 cr of ₹335 cr
General Corporate Purposes
originally ₹112 cr
budget changed
67%
₹75 cr of ₹112 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.