---
title: "Solidaire India Ltd (517189) — Share Price, Financials & Analysis"
symbol: "517189"
company: "Solidaire India Ltd"
canonical: "https://tapetide.com/stocks/517189"
bse_code: "517189"
generated_at: "2026-10-13T11:00:02.339Z"
---

# Solidaire India Ltd (517189)

Canonical page: https://tapetide.com/stocks/517189

## Company

- **BSE Code:** 517189
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- |
| Sales | 49 | 49 | 51 |
| Expenses | 45 | 45 | 46 |
| Operating Profit | 4 | 4 | 5 |
| OPM % | 9 | 8 | 9 |
| Other Income | 6 | 6 | 1 |
| Interest | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 |
| Profit before tax | 10 | 10 | 5 |
| Tax % | 30 | 15 | 24 |
| Net Profit | 7 | 8 | 4 |
| EPS in Rs | 3.15 | 3.37 | 1.47 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2006 15m |
| --- | --- |
| Sales | 0 |
| Expenses | 0.11 |
| Operating Profit | -0.11 |
| Other Income | 0.16 |
| Interest | 2.22 |
| Depreciation | 0.8 |
| Profit before tax | -2.97 |
| Tax % | 0 |
| Net Profit | -2.97 |
| Dividend Payout % | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2006 |
| --- | --- |
| Equity Capital | 6.54 |
| Reserves | -50.61 |
| Borrowings | 29.18 |
| Other Liabilities | 20.71 |
| Total Liabilities | 5.82 |
| Fixed Assets | 5.48 |
| CWIP | 0 |
| Investments | 0 |
| Other Assets | 0.34 |
| Total Assets | 5.82 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | 15 | 8 | -4 |
| Cash from Investing Activity | — | -3 | -8 | -20 |
| Cash from Financing Activity | — | 0 | 0 | 11 |
| Net Cash Flow | — | 13 | -1 | -14 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- |
| Debtor Days | 46 | 48 | 47 | 66 |
| Inventory Days | 72 | 37 | 51 | 54 |
| Days Payable | 24 | 17 | 23 | 19 |
| Cash Conversion Cycle | 93 | 68 | 75 | 102 |
| Working Capital Days | 74 | 50 | 64 | 110 |
| ROCE % | — | 29 | 32 | 13 |

## Shareholding Pattern

### annual

| Category | Mar 2025 | Sep 2025 |
| --- | --- | --- |
| Promoters | 66.73% | 67.22% |
| FIIs | 2.19% | 0.33% |
| DIIs | 6.95% | 0.86% |
| Public | 24.13% | 31.59% |
| No. of Shareholders | 667 | 835 |

### Quarterly

| Category | Mar 2025 | Sep 2025 |
| --- | --- | --- |
| Promoters | 66.73% | 67.22% |
| FIIs | 2.19% | 0.33% |
| DIIs | 6.95% | 0.86% |
| Public | 24.13% | 31.59% |
| No. of Shareholders | 667 | 835 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 6 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 251.22 | Sell |
| EMA (10) | 250.47 | Sell |
| SMA (20) | 256.69 | Sell |
| EMA (20) | 255.03 | Sell |
| SMA (50) | 267.24 | Sell |
| EMA (50) | 268.38 | Sell |
| SMA (100) | 295.22 | Sell |
| EMA (100) | 288.3 | Sell |
| SMA (200) | 327.32 | Sell |
| EMA (200) | 314.44 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 40.82 | Neutral |
| MACD (12,26,9) | -6.1 | Sell |
| Stochastic (14,3,3) | 19.18 | Buy |
| ADX (14) | 13.98 | Neutral |
| Williams %R (14) | -72.84 | Neutral |
| ATR (14) | 9.97 | High Volatility |
| ROC (12) | -1.99 | Sell |
| Stoch RSI (14) | 29.96 | Neutral |
| UO (7,14,28) | 43.94 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-03-10 | [Resignation](https://nsearchives.nseindia.com/corporate/BARFLEX_10032026124720_BARFLEX_SIMRAN_RESIGN_10032026.pdf) |
| 2026-03-10 | [Resignation of Independent director](https://nsearchives.nseindia.com/corporate/BARFLEX_ROID_80232_KMP_Doc.zip) |
| 2026-03-09 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/BARFLEX_09032026190903_BARFLEX_MEETING_OUTCOME_09032026.pdf) |
| 2026-03-09 | [Updates](https://nsearchives.nseindia.com/corporate/BARFLEX_09032026194923_BARFLEX_FINE_COMMENT_09032026.pdf) |
| 2026-03-06 | [Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/BARFLEX_06032026165358_Announcement_Barflex.pdf) |
| 2026-01-13 | [Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/BARFLEX_13012026161028_BARFLEX_Certificate_under_Regulation_74_5__SEBI_31122025.pdf) |
| 2025-12-05 | [Press Release](https://nsearchives.nseindia.com/corporate/BARFLEX_05122025180610_Barflex_Press_Release.pdf) |
| 2025-11-12 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/BARFLEX_12112025195834_12112025_OUTCOME_OF_BM.pdf) |
| 2025-11-12 | [Utilisation of Funds](https://nsearchives.nseindia.com/corporate/BARFLEX_12112025201948_12112025_Utilisation_of_Fund.pdf) |
| 2025-11-12 | [Statement of deviation(s) or variation(s) under Reg. 32](https://nsearchives.nseindia.com/corporate/BARFLEX_12112025201619_12112025_Utilisation_of_Fund.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://archives.nseindia.com/annual_reports/SME_AR_27164_BARFLEX_2024_2025_A_29072025182908.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jun 2025 | [Concall - Jun 2025](https://nsearchives.nseindia.com/corporate/BARFLEX_05062025104425_BARFLEX_INVESTOR_PRESENATAION_05062025.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:00:02.339Z.