5
Solana Biofuels
532669 BSE
Solana Biofuels
Commodities BSE: 532669 Chemicals & Petrochemicals
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Stock is trading at 0.17 times its book value
Weaknesses
4- Company has low interest coverage ratio.
- Company has a low return on equity of -19.0% over last 3 years.
- Company might be capitalizing the interest cost
- Debtor days have increased from 43.2 to 63.8 days.
Growth Rate
Revenue Growth
-33% lower than
3Y
Net Income Growth
-106%
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 11.63 | 25.62 | 14.08 | 16 | 46.45 | 44.62 | 31.67 | 24.67 | 29.4 | 18.67 | 23.19 | 24.32 | 21.35 |
| Expenses | 11.68 | 24.7 | 13.7 | 15.67 | 45.47 | 44.1 | 31.29 | 22.67 | 31.86 | 19.89 | 24.66 | 25.89 | 21.49 |
| Operating Profit | -0.05 | 0.92 | 0.38 | 0.33 | 0.98 | 0.52 | 0.38 | 2 | -2.46 | -1.22 | -1.47 | -1.57 | -0.14 |
| OPM % | -0.43% | 3.59% | 2.7% | 2.06% | 2.11% | 1.17% | 1.2% | 8.11% | -8.37% | -6.53% | -6.34% | -6.46% | -0.66% |
| Other Income | 0.05 | 0.1 | 0.13 | 0.18 | 0.16 | 0.12 | 0.12 | 0.07 | 0.08 | 0.05 | 0.07 | 0.08 | 0.06 |
| Interest | 1.5 | 1.63 | 1.69 | 0.88 | 0.74 | 0.63 | 0.63 | 0.34 | 0.7 | 0.68 | 0.77 | 0.73 | 0.67 |
| Depreciation | 0.75 | 0.94 | 0.94 | 0.93 | 0.94 | 0.95 | 0.95 | 0.93 | 0.93 | 0.93 | 0.6 | 0.6 | 0.58 |
| PBT | -2.25 | -1.55 | -2.12 | -1.3 | -0.54 | -0.94 | -1.08 | 0.8 | -4.01 | -2.78 | -2.77 | -2.82 | -1.33 |
| Tax % | 0% | 0% | 0% | 0% | -25.93% | -14.89% | -34.26% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | -2.26 | -1.55 | -2.13 | -1.31 | -0.4 | -0.81 | -0.7 | 0.8 | -4.01 | -2.78 | -2.76 | -2.82 | -1.34 |
| EPS in Rs | -0.5 | -0.34 | -0.47 | -0.29 | -0.09 | -0.18 | -0.16 | 0.18 | -0.89 | -0.62 | -0.61 | -0.63 | -0.3 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 247 | 221 | 124 | 6.4 | 2.59 | 2.09 | 2.14 | 2.48 | 14.98 | 67.33 | 147 | 95.57 | 87.53 |
| Expenses | 248 | 221 | 155 | 107 | 3.3 | 81.08 | 1.49 | 2.15 | 17.6 | 65.75 | 144 | 102 | 91.93 |
| Operating Profit | -0.68 | 0.08 | -31.17 | -101 | -0.71 | -78.99 | 0.65 | 0.33 | -2.62 | 1.58 | 3.87 | -6.74 | -4.4 |
| OPM % | -0.28% | 0.04% | -25.21% | -1570.47% | -27.41% | -3779.43% | 30.37% | 13.31% | -17.49% | 2.35% | 2.63% | -7.05% | -5.03% |
| Other Income | 0.2 | 0.5 | 0.44 | 2.67 | 0.71 | 335 | 0.07 | 0.12 | 0.9 | 0.46 | 0.47 | 0.28 | 0.26 |
| Interest | 19.71 | 6.23 | 33.56 | 23.08 | 6.14 | 0.11 | 0.02 | 0 | 0.63 | 5.71 | 2.33 | 2.87 | 2.85 |
| Depreciation | 11.96 | 1.77 | 10.59 | 10.11 | 9.9 | 9.8 | 0.21 | 0.22 | 2.81 | 3.57 | 3.77 | 3.05 | 2.71 |
| PBT | -32.15 | -7.42 | -74.88 | -131 | -16.04 | 246 | 0.49 | 0.23 | -5.16 | -7.24 | -1.76 | -12.38 | -9.7 |
| Tax % | -63.64% | -32.48% | 0.67% | 2.21% | -382.98% | 32.5% | 8.16% | 0% | 0% | 0% | -36.36% | 0% | — |
| Net Profit | -11.7 | -5.01 | -75.38 | -134 | 45.4 | 166 | 0.46 | 0.23 | -5.15 | -7.24 | -1.11 | -12.37 | -9.7 |
| EPS in Rs | -1.98 | -0.85 | -12.78 | -22.7 | 7.7 | 28.11 | 0.1 | 0.05 | -1.14 | -1.61 | -0.25 | -2.75 | -2.16 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 58.99 | 58.99 | 58.99 | 58.99 | 58.99 | 0 | 45 | 45 | 45 | 45 | 45 | 45 |
| Reserves | -51.45 | -56.47 | -132 | -266 | -220 | 49.45 | 4.91 | 5.14 | -0.02 | -7.27 | -8.4 | -20.76 |
| Borrowings | 184 | 243 | 340 | 340 | 367 | 7.88 | 9.87 | 33.3 | 66.23 | 127 | 171 | 178 |
| Other Liabilities | 71.28 | 76.44 | 18.65 | 35.73 | 18.54 | 4.14 | 6.33 | 3.41 | 11.36 | 7 | 6.8 | 22.81 |
| Total Liabilities | 263 | 322 | 286 | 169 | 224 | 61.47 | 66.11 | 86.85 | 123 | 172 | 214 | 225 |
| Fixed Assets | 112 | 138 | 129 | 118 | 107 | 51.7 | 51.55 | 51.36 | 48.64 | 79.64 | 76.12 | 73.3 |
| CWIP | 2.53 | 0 | 0 | 0 | 0 | 0 | 3.55 | 21.84 | 44.09 | 49.82 | 78.47 | 87.17 |
| Investments | 0.34 | 0.39 | 0.6 | 0.6 | 0.6 | 0.48 | 0.34 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 149 | 185 | 156 | 50.53 | 117 | 9.29 | 10.67 | 13.65 | 29.84 | 42.67 | 59.85 | 64.57 |
| Total Assets | 263 | 322 | 286 | 169 | 224 | 61.47 | 66.11 | 86.85 | 123 | 172 | 214 | 225 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -45.15 | 0 | -96.23 | 23.87 | -28.07 | 274 | 2.36 | -5.89 | 4.58 | -11.4 | 1.27 | -1.38 |
| Investing | -0.34 | 0 | -2.5 | 0.95 | 1.3 | 45.56 | -3.47 | -17.96 | -22.34 | -40.31 | -28.9 | -8.93 |
| Financing | 40.72 | 0 | 97.58 | -24.74 | 26.64 | -320 | 1.97 | 23.44 | 17.7 | 52.68 | 27.55 | 10.26 |
| Net Cash Flow | -4.78 | 0 | -1.14 | 0.08 | -0.13 | -0.29 | 0.86 | -0.41 | -0.06 | 0.97 | -0.08 | -0.05 |
| Free Cash Flow | -45.49 | 0 | -98.52 | 24.82 | -26.77 | 320 | -1.25 | -24.2 | -17.76 | -51.71 | -27.63 | -10.31 |
| CFO/OP | 6,640 | 0 | 309 | -24 | 3,954 | -347 | 363 | -1,785 | -175 | -722 | 33 | 20 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 86.07 | 110 | 307 | 281 | 614 | 297 | 276 | 409 | 67.49 | 45.65 | 20.08 | 63.78 |
| Inventory Days | 52.79 | 92.55 | 22.38 | 642 | — | — | — | — | 495 | 123 | 83.69 | 127 |
| Days Payable | 107 | 122 | 26.47 | 757 | — | — | — | — | 102 | 7.82 | 7.38 | 73.95 |
| Cash Conversion Cycle | 31.38 | 80.85 | 303 | 166 | 614 | 297 | 276 | 409 | 461 | 161 | 96.39 | 117 |
| Working Capital Days | 33.34 | 28.97 | -148 | -9,808 | -22,076 | 438 | 109 | 1,406 | 146 | 98.01 | 48.55 | 55.26 |
| ROCE % | -6.89% | -0.54% | -16.11% | -53.79% | -5.6% | 186.78% | 0.87% | 0.32% | -4.65% | -1.11% | 0.31% | -4.64% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Solana Biofuels insights
62 extracted metrics + investor summaries across FY10–FY26.
Documents
1
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
18 Apr - Submitted Regulation 74(5) depository compliance certificate for January-March 2026. 18 Apr - Submitted Regulation 74(5) depository compliance certificate for January-March 2026.
2
Closure of Trading Window
30 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited FY2026 results. 30 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited FY2026 results.
3
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
10h - Re-appointment of Dr. Rajiv Banavali as independent director May 18, 2026–May 17, 2028; postal ballot passed March 8, 2026. 10h - Re-appointment of Dr. Rajiv Banavali as independent director May 18, 2026–May 17, 2028; postal ballot passed March 8, 2026.
4
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 ('Listing Regulations')
1m - Laxmi Organic Industries Limited has submitted a Disclosure relating to litigation update. 1m - Laxmi Organic Industries Limited has submitted a Disclosure relating to litigation update.
5
Announcement under Regulation 30 (LODR)-Credit Rating
2 Mar - March 2, 2026: Crisil downgraded LOIL long-term rating to AA-/Negative; A1+ reaffirmed; Rs.1,170 crore facilities cited. 2 Mar - March 2, 2026: Crisil downgraded LOIL long-term rating to AA-/Negative; A1+ reaffirmed; Rs.1,170 crore facilities cited.
Frequently Asked Questions about Solana Biofuels
What does Solana Biofuels Limited do?
Southern Online Bio Technologies the name of the Company has been Changed to Southern Online Bio Technologies Limited on 31st March 2004 to reflect the new line of business in which the Company has ventured i.e. manufacture of Biodiesel. Currently the Companys shares are listed at BSE.
Where is Solana Biofuels Limited (532669) listed?
Solana Biofuels Limited trades under code 532669 on the BSE.
Which sector does Solana Biofuels Limited belong to?
Solana Biofuels Limited is classified under the Commodities sector, in the Chemicals & Petrochemicals industry.
Company Information
Southern Online Bio Technologies the name of the Company has been Changed to Southern Online Bio Technologies Limited on 31st March 2004 to reflect the new line of business in which the Company has ventured i.e. manufacture of Biodiesel. Currently the Companys shares are listed at BSE.
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