| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 417 | 314 | +33.1% |
| EBITDA | 76.8 | 34.7 | +121.2% |
| EBITDA margin | 18.4% | 11.1% | +7.3 pts |
| Profit before tax | 28.5 | −10.1 | — |
| Net profit | 28.5 | −10.1 | — |
| EPS | ₹5.92 | −₹2.36 | — |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 2,910 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 25.1 | 7.5 | 4.0 | 8.4 | 8.7 | ||
| 2.7 | 2.7 | 2.7 | 2.9 | 2.2 | ||
| 665 | 665 | 776 | 1,000 | 1,001 | ||
| 3,552 | — | — | — | — | ||
| 1,535 | 1,369 | 1,284 | 1,289 | 1,444 | ||
| — | +6.6% | −0.4% | −10.7% | — | ||
| 234 | 187 | 206 | −95.2 | 134 | ||
| 15.2% | 13.6% | 16.1% | −7.4% | 9.3% | ||
| 129 | 87.1 | 107 | −199 | 22.7 | ||
| 36.9 | −7.4 | 0.5 | −567 | −22.2 | ||
| 2.4% | −0.5% | 0.0% | −44.0% | −1.5% | ||
| ₹8.30 | −₹1.66 | ₹0.12 | −₹127.47 | −₹4.98 | ||
| — | −1,472.2% | +100.1% | −2,459.3% | — | ||
| — | 153 | 213 | 109 | 156 | ||
| — | −52.8 | −39.9 | −41.1 | −111 | ||
| 100 | 100 | 173 | 67.8 | 44.9 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 2,910.1 | |
| - Cash, Equiv & ST Investments | 8.7 | 8.4 | 4.0 | 7.5 | 25.1 | |
| + Minority Interest | 2.2 | 2.9 | 2.7 | 2.7 | 2.7 | |
| + Total Debt | 1,001.2 | 999.9 | 776.1 | 664.5 | 664.5 | |
| Enterprise Value | — | — | — | — | 3,552.2 | |
| Revenue | 1,443.8 | 1,288.9 | 1,283.8 | 1,369.0 | 1,535.2 | |
| Growth %, YoY | — | -10.7 | -0.4 | +6.6 | — | |
| EBITDA | 133.9 | -95.2 | 206.3 | 186.8 | 233.8 | |
| Margin % | 9.27 | -7.38 | 16.07 | 13.64 | 15.23 | |
| EBIT | 22.7 | -198.5 | 107.0 | 87.1 | 128.9 | |
| Net Income | -22.2 | -567.0 | 0.5 | -7.4 | 36.9 | |
| Margin % | -1.54 | -43.99 | 0.04 | -0.54 | 2.41 | |
| EPS, Adj (current shares) | -4.98 | -127.47 | 0.12 | -1.66 | 8.30 | |
| Growth %, YoY | — | -2,459.3 | +100.1 | -1,472.2 | — | |
| Cash from Operations | 156.3 | 108.9 | 212.8 | 152.9 | — | |
| Capital Expenditures | -111.3 | -41.1 | -39.9 | -52.8 | — | |
| Free Cash Flow | 44.9 | 67.8 | 172.9 | 100.1 | 100.1 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Solara Active Pharma Sciences (NSE: SOLARA) had a market capitalisation of ₹3,156 crore at the 29 October 2026 close (₹655.25 a share), a PE ratio of 85.4 on the last four quarters' profit and a price-to-book ratio of 2.20. In FY26 its consolidated net loss was ₹7.4 crore on revenue of ₹1,369 crore; in Q2 FY27 (July–September 2026) it was ₹28.5 crore. Its debt-to-equity ratio was 0.40 on 30 September 2026. Promoters held 41.93% of the shares on 30 September 2026.
Solara Active Pharma Sciences' PE ratio is 85.4 at the 29 October 2026 close (₹655.25 a share): a market capitalisation of ₹3,156 crore divided by consolidated net profit of ₹36.9 crore over the last four quarters (Q3 FY26 to Q2 FY27). These four quarters include net exceptional items of −₹10.4 crore (one-off charges reported separately), so the ratio on recurring profit would differ.
Solara Active Pharma Sciences' price-to-book (PB) ratio is 2.20 at the 29 October 2026 close: a market capitalisation of ₹3,156 crore divided by shareholders' equity (book value) of ₹1,436 crore on 30 September 2026. That is a book value of ₹298.19 per share against a share price of ₹655.25.
In FY26, Solara Active Pharma Sciences' return on equity (ROE) was −0.6% and its return on capital employed (ROCE) was 6.4%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 0.1% and ROCE 8.9%.
Solara Active Pharma Sciences' market capitalisation was ₹3,156 crore at the 29 October 2026 close: 4.82 crore shares at ₹655.25 each.
No. Solara Active Pharma Sciences had borrowings of ₹570 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.40. Its cash and current investments were ₹70.9 crore, so its net debt was ₹499 crore.
Solara Active Pharma Sciences' debt-to-equity ratio was 0.40 on 30 September 2026: borrowings of ₹570 crore against total equity of ₹1,439 crore. A year earlier, on 30 September 2025, it was 0.50.
Solara Active Pharma Sciences' net worth — shareholders' equity in its consolidated balance sheet — was ₹1,436 crore on 30 September 2026, up 14.4% from ₹1,255 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹3,156 crore at the 29 October 2026 close.
Solara Active Pharma Sciences' book value per share was ₹298.19 on 30 September 2026: shareholders' equity of ₹1,436 crore divided by the 4.82 crore shares in issue, up 5.7% from ₹282.17 a year earlier. The share price at the 29 October 2026 close was ₹655.25.
Promoters held 41.93% of Solara Active Pharma Sciences on 30 September 2026, unchanged from the previous quarter and down 0.08 percentage points from 42.01% a year earlier, according to the shareholding pattern filed with NSE.
Solara Active Pharma Sciences' basic earnings per share (EPS) were −₹1.68 in FY26. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹7.66.
In FY26, Solara Active Pharma Sciences generated ₹153 crore of cash from operations and spent ₹52.8 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹100 crore. In FY25 it was ₹173 crore.
In FY26 (April 2025–March 2026), Solara Active Pharma Sciences' consolidated net loss was ₹7.4 crore, against a profit of ₹54 lakh in FY25, on revenue from operations of ₹1,369 crore (up 6.6%).
On 30 September 2026, Solara Active Pharma Sciences' shares were held by promoters 41.93%, foreign portfolio investors (FII/FPI) 10.71%, domestic institutions (DII) 3.89% (including mutual funds at 0.87%) and retail and other non-institutional investors 43.46%. Over the year, FII holding was down 2.87 percentage points from 13.58% and DII holding was up 1.20 percentage points from 2.69%.
Solara Active Pharma Sciences' latest results are for Q2 FY27 (July–September 2026), filed on 16 October 2026: consolidated net profit ₹28.5 crore, against a loss of ₹10.1 crore in Q2 FY26; revenue from operations ₹417 crore, up 33.1% year on year.
In FY26, Solara Active Pharma Sciences earned net profit of ₹7.4 crore on revenue of ₹1,369 crore, against ₹41.4 crore on ₹641 crore for Ind-Swift Laboratories. Solara Active Pharma Sciences' operating margin was 6.4% (Ind-Swift Laboratories 2.3%) and its return on equity −0.6% (Ind-Swift Laboratories 3.2%). At the 29 October 2026 close, Solara Active Pharma Sciences' market capitalisation was ₹3,156 crore against ₹3,564 crore for Ind-Swift Laboratories.
Solara Active Pharma Sciences has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
On FY26 consolidated figures, against Ind-Swift Laboratories, Dishman Carbogen Amcis and SMS Pharmaceuticals: Solara Active Pharma Sciences' operating margin of 6.4% is the third highest of the four (Ind-Swift Laboratories 2.3%, Dishman Carbogen Amcis 7.7%, SMS Pharmaceuticals 14.8%; peer average 8.3%); its return on equity of −0.6% is the lowest of the four (Ind-Swift Laboratories 3.2%, Dishman Carbogen Amcis 1.6%, SMS Pharmaceuticals 14.3%; peer average 6.4%); its revenue growth over three years of −1.8% a year is the third highest of the four (Ind-Swift Laboratories −19.0% a year, Dishman Carbogen Amcis 6.7% a year, SMS Pharmaceuticals 19.3% a year; peer average 2.3% a year).
From Solara Active Pharma Sciences' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.