Solana Biofuels share price

BSE: 532669Chemicals & Petrochemicals

SOLANA BIOFUELS LIMITED · Face value ₹10 · Listed Oct 2005

Trading suspended since 10 Dec 2020

Last traded ₹0.93 on 6 Aug 2019

Latest announcements

Routine notices left out.

  1. Sep 2026

  2. Aug 2026

Share price history

Daily closes since Jan 2007, adjusted for splits and bonuses

Daily close, ₹ per share

Q1 results, quarter to Jun 2026

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Revenue
₹21 Cr−27.4% on a year ago · −12.2% on the quarter before
Operating profit
−₹0.14 Cr
Net profit
−₹1.34 Cr
Earnings per share
−₹0.30
Operating margin
−0.6%
Net margin
−6.3%

From revenue to net profit, ₹ crore

  1. Revenue21
  2. Materials and goods−21
  3. Employee costs−0.3
  4. Other expenses−0.4
  5. Operating profit−0.1
  6. Depreciation−0.6
  7. Other income+0.1
  8. Finance costs−0.7
  9. Profit before tax−1.3
  10. Tax0.0
  11. Net profit−1.3

Solana Biofuels results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Jun 2026. Results for the quarter to Sep 2026 are due by 14 Nov 2026, 45 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
  • Loss
26−1.6Sep 2314−2.1Dec 2316−1.3Mar 2446−0.4Jun 2445−0.8Sep 2432−0.7Dec 24250.8Mar 2529−4.0Jun 2519−2.8Sep 2523−2.8Dec 2524−2.8Mar 2621−1.3Jun 26
Peak revenue ₹46 Cr, quarter to Jun 2024; lowest ₹14 Cr, quarter to Dec 2023A loss in 11 of the 12 quarters shown

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
8.1%−15.1%3.6%2.7%2.1%2.1%1.2%1.2%8.1%−8.4%−6.6%−6.3%−6.5%−0.6%−6.1%−15.1%−8.2%−0.9%−1.8%−2.2%3.3%−13.6%−14.9%−11.9%−11.6%−6.3%Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Jun 26
₹ croreSep 2021Dec 2021Q3Mar 2022Jun 2022Q1Sep 2022Dec 2022Q3Mar 2023Jun 2023Q1Filed 14 AugSep 2023Dec 2023Q3Mar 2024Jun 2024Q1Sep 2024Filed 14 NovDec 2024Q3Mar 2025Q4Jun 2025Q1Sep 2025Q2Dec 2025Q3Mar 2026Q4Jun 2026Q1Filed 14 Aug
Revenue from operations0.60.60.70.85.33.95.011.625.614.116.046.444.631.724.729.418.723.224.321.3
0.50.60.70.75.34.07.611.724.713.715.745.544.131.322.731.919.924.625.921.5
Materials and goods bought0.00.00.00.04.22.85.09.522.311.713.443.041.629.220.829.918.323.123.920.8
Employee costs0.10.10.10.10.30.41.20.91.00.91.00.70.91.01.01.01.00.90.90.3
Other expenses0.40.50.60.60.80.81.31.31.41.01.41.81.61.10.90.90.60.61.20.4
Operating profit before depreciation0.10.10.10.10.0−0.1−2.60.00.90.40.31.00.50.42.0−2.5−1.2−1.5−1.6−0.1
Operating margin13.1%12.3%7.5%13.6%0.5%−3.8%−52.5%−0.4%3.6%2.7%2.1%2.1%1.2%1.2%8.1%−8.4%−6.6%−6.3%−6.5%−0.6%
Depreciation and amortisation0.10.10.00.10.41.21.20.80.90.90.90.91.01.00.90.90.90.60.60.6
Other income0.00.00.00.00.00.00.80.00.10.10.20.20.10.10.10.10.10.10.10.1
Finance costs0.00.00.00.00.00.20.31.51.61.70.90.70.60.60.30.70.70.80.70.7
One-off items0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Profit before tax0.10.00.10.1−0.4−1.5−3.3−2.3−1.6−2.1−1.3−0.5−0.9−1.10.8−4.0−2.8−2.8−2.8−1.3
Tax0.00.00.00.00.00.00.00.00.00.00.0−0.1−0.1−0.40.00.00.00.00.00.0
Tax rate0.0%0.0%0.0%0.0%––––––––––0.0%–––––
Net profit0.10.00.10.1−0.4−1.5−3.3−2.3−1.6−2.1−1.3−0.4−0.8−0.70.8−4.0−2.8−2.8−2.8−1.3
Other comprehensive income0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Total comprehensive income0.00.00.10.1−0.4−1.5−3.3−2.3−1.6−2.1−1.3−0.4−0.8−0.70.8−4.0−2.8−2.8−2.8−1.3
Net margin10.1%5.8%7.2%10.2%−7.5%−39.4%−66.6%−19.4%−6.1%−15.1%−8.2%−0.9%−1.8%−2.2%3.3%−13.6%−14.9%−11.9%−11.6%−6.3%
Earnings per share₹0.01₹0.01₹0.01₹0.02–−₹0.34−₹0.73−₹0.50−₹0.35−₹0.47−₹0.29−₹0.09−₹0.27−₹0.43₹0.36−₹0.89−₹0.62−₹0.61−₹0.63−₹0.30
Earnings per share in rupees, restated for later splits and bonuses.

Segment results by quarter

Standalone, ₹ crore, quarters to Jun 2026.

  • Biofuels

    Revenue, ₹ crore
    Profit, ₹ crore

  • Internet Services

    Revenue, ₹ crore
    Profit, ₹ crore
₹ croreSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue of all businesses261516464532252919232421
Company revenue, as in its results261416464532252919232421
Revenue––––––––––2421
Profit––––––––––−2−1
Margin––––––––––−7.2%−3.1%
Assets––––––––––224263
Liabilities––––––––––224263
Capital employed––––––––––00
Revenue000000000000
Revenue–––––––––23––
Revenue251416464432252919–––
Profit is before tax and finance costs, the way companies report their segments.

10 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
  • Loss
124−74Mar 176.4−111Mar 182.6453,67,23,063Mar 192.11667.9Mar 202.10.59.9Mar 212.50.233Mar 2215−5.266Mar 2367−7.2127Mar 24147−1.1171Mar 2596−12178Mar 26
Peak revenue ₹147 Cr, year to Mar 2025; lowest ₹2.09 Cr, year to Mar 2020A loss in 6 of the 10 years shown

Operating and net margin, per cent

  • Operating margin
  • Net margin
7,931.5%−3,778.3%−25.2%−42.9%−3,778.3%30.5%13.5%−17.4%2.4%2.6%−7.0%−60.2%−1,730.8%1,750.5%7,931.5%21.4%9.2%−34.4%−10.8%−0.8%−12.9%Mar 17Mar 19Mar 21Mar 23Mar 25Mar 26

Results for the year to Mar 2026

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

  1. Revenue96
  2. Materials and goods−95
  3. Employee costs−3.8
  4. Other expenses−3.3
  5. Operating profit−6.7
  6. Depreciation−3.0
  7. Other income+0.3
  8. One-off items0.0
  9. Finance costs−2.9
  10. Profit before tax−12
  11. Tax0.0
  12. Net profit−12

What the company owns

  • Plant, investments and other assets₹174 Cr
  • Inventory₹33 Cr
  • Receivables₹17 Cr
  • Cash and bank₹1 Cr

What pays for it: net worth and liabilities

  • Borrowings₹178 Cr
  • Net worth₹24 Cr
  • Owed to suppliers₹19 Cr
  • Other liabilities₹4 Cr

Solana Biofuels business segments, year to Mar 2026

A reportable segment is a line of business the company must report on its own. Standalone, ₹ crore, as the company reports them. A segment at a loss has no share of profit.

Revenue by segment

₹96 CrTotal
  • Biofuels₹95.1 Cr99.2% of total
  • Internet Services₹0.8 Cr0.8% of total

Segment results by year

Standalone from the year to Mar 2022, consolidated before, ₹ crore, years to March.

  • Biofuels

    Revenue, ₹ crore
    Profit, ₹ crore

  • Internet Services

    Revenue, ₹ crore
    Profit, ₹ crore
₹ croreMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue of all businesses42––156814896
Company revenue, as in its results3222156714796
Revenue–––––––95
Profit–––––––−9
Margin–––––––−9.6%
Assets–––––––224
Liabilities–––––––224
Capital employed–––––––0
Revenue––––2111
Revenue––––1367147–
Revenue–2––––––
Revenue3–––––––
Revenue1–––––––
0–––––––
Profit is before tax and finance costs, the way companies report their segments.

Profit and loss

Standalone, ₹ crore, years to March. The last column is the twelve months to Jun 2026, the latest four quarters added.

₹ croreMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026Twelve monthsFiled 14 Aug
Revenue from operations1246322215671479688
155–48112186614410292
Materials and goods bought1173000012571359586
Employee costs––110024343
Other expenses––3801245533
Operating profit before depreciation−31–−1−7910−324−7−4
Operating margin−25.2%–−42.9%−3,778.3%30.5%13.5%−17.4%2.4%2.6%−7.0%−5.0%
Materials, % of revenue––0.0%0.8%0.0%0.0%80.3%84.6%91.3%99.7%98.4%
Employee costs, % of revenue––31.5%32.0%16.0%14.3%13.3%5.5%2.4%3.9%3.5%
Other expenses, % of revenue––111.4%3,845.4%53.6%72.3%23.8%7.6%3.7%3.4%3.1%
Depreciation and amortisation111010100034433
Operating profit after depreciation−42–−11−8900−5−20−10−7
Other income0313350010000
Finance costs34–600016233
One-off items––000000000
Profit before tax−75−108−1624600−5−7−2−12−10
03−61800000−100
Net profit−74−1114516600−5−7−1−12−10
Other comprehensive income––000000000
Total comprehensive income––4516600−5−7−1−12−10
Net margin−60.2%−1,730.8%1,750.5%7,931.5%21.4%9.2%−34.4%−10.8%−0.8%−12.9%−11.1%
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the year to Mar 2017 they do not, so they are left blank. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Mar 2018: the statement does not state its finance costs, which operating profit is worked out from, so operating profit is not given.

Balance sheet

Standalone, ₹ crore, at 31 March.

₹ croreMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
−1,61,37,51149505045383724
Share capital58,99,3290454545454545
Reserves−2,20,36,83949550−7−8−21
3,67,23,0638103366127171178
1,94,30,79824120203546
1,91,45,96510123658115142155
Total assets2,24,39,253616687123172214225
1,86,37,36957617696133158163
38,01,883451126395662
Net debt3,66,86,732893366126170177
Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Standalone, ₹ crore, years to March.

₹ croreMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
2742−65−111−1
2742−65−111−1
382−66−13−15
Receivables280−10−60−9
Inventories20−2−12−3−12−2
Payables−112−37−4016
Other working capital20−1011−1110
Interest paid0000000
Capital spending04182240299
Free cash flow274−1−24−18−52−28−10
46−3−18−22−40−29−9
−32022318532810
Dividends paid0000000
Shares bought back0000000
Shares issued45000000
Net change in cash0100100
Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018 and Mar 2019.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Earnings per share−₹12.61−₹18.79₹7.70₹0.00₹0.10₹0.05−₹1.15−₹1.61−₹0.50−₹2.75
Diluted earnings per share−₹12.61−₹18.79₹7.70₹0.00₹0.10₹0.05−₹1.15−₹1.61−₹0.50−₹2.75
Book value per share––−₹27,35,486.56––₹11.14₹10.00₹8.38–₹5.39
Market cap at the year end (₹ crore)29.3–9.0–––––––

Ratios

Standalone, years to March.

RatioMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue growth−94.8%−59.5%−19.4%2.6%15.8%503.0%349.5%119.0%−35.2%
Operating profit growth––––−48.9%––144.7%–
Net profit growth––265.3%−99.7%−50.0%––––
Earnings per share growth––−100.0%–−50.0%––––
–0.0%0.0%0.9%0.5%−10.8%−17.5%−3.0%−40.7%
––0.0 pts0.9 pts−0.5 pts−11.3 pts−6.7 pts14.5 pts−37.7 pts
From the net margin––0.0 pts0.0 pts−0.5 pts−2.2 pts7.5 pts16.3 pts−48.4 pts
From asset turnover––0.0 pts−1.0 pts0.0 pts−5.8 pts−7.4 pts−0.8 pts22.1 pts
From borrowing––0.0 pts1.9 pts0.1 pts−3.3 pts−6.7 pts−0.9 pts−11.4 pts
Return on capital employed–0.0%−154.9%0.7%0.1%−4.9%−1.2%0.1%−4.8%
Cash conversion––165.4%510.8%−2,558.8%––––
Interest cover–––29.1144.3––0.0–
Debt to equity––0.160.200.661.473.384.677.34
Receivable days–6,13,08,43329727640868462064
Inventory days––46,243––49612384127
Payable days––26,386––1028774
Cash conversion cycle, days––20,153––46116096117
Working capital days–35,14,83,3654391121,399504193126152
Asset turnover–0.000.000.030.030.140.460.760.43
Assets per rupee of net worth–−1.39−1.391.281.532.203.565.207.22
Sales per rupee of plant–0.000.040.040.050.310.851.941.31
Capital spending to depreciation––0.0017.3183.677.9511.247.672.93
Plant being built, % of plant in use–0.0%0.0%6.9%42.5%90.6%62.4%102.8%119.3%
Interest cover is left blank for the years to Mar 2017, Mar 2019, Mar 2020, Mar 2023, Mar 2024 and Mar 2026: operating profit after depreciation is a loss, and a loss covers no interest bill. Debt to equity is left blank for the year to Mar 2019: net worth is below zero, so there is no shareholders' money to set the borrowings against. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2026.

Return on assets, latest year
−5.6%
Measure10 years5 years3 years
Revenue growth, yearly rate–113.7%85.5%
Return on equity, average–−14.3%−20.4%
Return on capital employed, average–−2.1%−2.0%
Operating margin, average−424.7%−1.2%−0.7%
Net margin, average786.3%−9.9%−8.2%
Asset turnover, average–0.370.55
Cash conversion cycle, days, average–209125
Debt to equity, average–3.515.13

Where the cash came from and went

Standalone: the listed company alone, without its subsidiaries. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore5 years3 yearsLatest year
Cash from operations−13−12−1
Cash from investing−118−78−9
Cash from financing1329010
Capital spending119789
Dividends paid000
Shares bought back000
Shares issued for cash000
Borrowings raised14910719
Borrowings repaid000

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9––644452
Altman Z-scorePublished threshold 1.81−2.21–––––––
Beneish M-scorePublished threshold −1.78–−16.432.05−1.502.910.59−1.4412.78
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets–0.002.4831.4712.0430.1013.72−0.94
Cash from operations to profit, 3 yearsPublished threshold 0.7 times–––1.63––––
Receivables growth less revenue growthOur threshold 0 percentage points–−80.61−7.0055.27−503.23−145.74−122.63141.13
Inventory growth less cost-of-goods growthOur threshold 0 percentage points––100.00––−356.11−75.1436.50
Other current assets growth less revenue growthOur threshold 5 per cent of revenue–−2,85,36,406.919.83112.4122.365.503.87−5.82
Assets under construction, years of additionsOur threshold 2 years of additions––59.771,010.94482.871.44319.274,273.26
Effective tax ratePublished threshold 17.16 per cent–32.50–0.00––––
Tax charged less tax paid, % of profitOur threshold 10 percentage points–––0.00––––
A threshold marked as ours has no published figure; it is the line we read the check against.

Solana Biofuels share price by year

Each calendar year to 2019.

YearClose at year endChangeHighest closeLowest close
20190.93−51.1%2.090.89
20181.90−42.1%5.851.00
20173.28−56.2%7.932.81
20167.49+38.2%13.344.29
20155.42+15.1%6.163.25
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. The 2019 close is its last trade, on 6 Aug 2019.

Recent sessions

The 10 trading days to 6 Aug 2019, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
6 Aug 20190.930.930.930.930.933
2 Aug 20190.940.940.940.940.941
31 Jul 20190.940.950.940.950.94502
25 Jul 20190.950.950.950.950.951,000
24 Jul 20190.960.960.960.960.9626,400
22 Jul 20190.950.950.950.950.951,100
19 Jul 20190.960.960.960.960.965,200
18 Jul 20190.960.960.960.960.961,250
17 Jul 20190.950.950.950.950.9519,012
16 Jul 20190.940.940.940.940.9466,405
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.

Ex-dateEventPrice factorWhat happened
31 Aug 2009Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
Each event is noted and not adjusted for.

Company details

BSE code
532669
ISIN
INE371B01023
Industry
Chemicals & Petrochemicals
Website
www.sol.net.in
CIN
L72900TG1998PLC030463
Corporate identity number, the registrar of companies' code for it
Incorporated
1998
Registered office
Flat No. A3, 3rd Floor, Office Block, Samrat Complex, Saifabad, Hyderabad 500004, Telangana
Share registrar
Aarthi Consultants Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments