Solitaire Machine Tools Ltd

SOLIMAC

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Market Cap

₹ 53 Cr

P/E

30.03

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Investment Checklist

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Performance

MARKET LEADER

Valuation

REASONABLE

Growth

STABLE

Profitability

MODERATE MARGIN

Technicals

Bullish

Risk

MODERATE RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

Solitaire Machine Tools Ltd specializes in manufacturing precision centerless grinders, serving industries like auto ancillary, aerospace, and defense.

The company has expanded its capabilities by commissioning new plants and improving production facilities, like its recently operational assembly facility and Halol Plant under construction.

It has strategically partnered with international entities, enhancing its product offerings, exemplified by joint projects with a German group and a major bearing manufacturer.

The company is committed to sustainability, having installed a solar power system to reduce its environmental footprint since 2017.

Solitaire Machine Tools has streamlined operations by merging its subsidiary, Shruchi Manufacturing Limited, increasing its operational efficiency.

Sector

Capital Goods-Non Electrical Equipment

Industry

Machine Tools - Others

Market Cap

53 Cr

Volatility

Moderate Risk

P/E Ratio

30.0

Industry P/E

48.8

PEG Ratio

1.0

P/B Ratio

2.8

52W High

172.80

52W Low

90.50

Sales CAGR

-4.70%

18.34%

12.91%

10Y

3.33%

Profit CAGR

-34.41%

30.49%

28.84%

10Y

8.90%

ROE

TTM

9.19%

10.51%

9.57%

10Y

9.99%

ROCE

TTM

9.87%

12.68%

11.68%

10Y

13.21%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
EMKAYTOOLS	120.00	128 Cr	3.10	0.43	0.00	27.13	33.34	25.08
ITL	306.00	98 Cr	10.03	1.16	0.33	11.43	14.69	6.61
SOLIMAC	116.00	53 Cr	30.03	2.76	1.73	9.19	9.87	6.29
SHTL	70.35	40 Cr	22.19	1.59	0.00	0.00	0.00	7.93
IYKOTHITE	13.30	14 Cr	—	4.90	0.00	-29.37	-28.74	-26.40
PREMIER	2.89	9 Cr	—	0.00	0.00	1.94	3.21	-3.64
HITTCO	13.50	8 Cr	—	3.06	0.00	-7.53	-1.86	-2.67

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019
Sales	2.63	5.63	1.88	5.66	3.99	2.67	2.75
Expenses	1.87	4.87	1.50	4.57	3.19	2.26	2.14
Operating Profit	0.76	0.76	0.38	1.08	0.80	0.41	0.61
OPM %	28.73	13.50	20.21	19.15	20.05	15.36	22.18
Other Income	0.00	0.09	0.00	0.00	0.00	0.10	0.00
Interest	0.01	0.01	0.01	0.03	0.01	0.00	0.01
Depreciation	0.28	0.25	0.25	0.25	0.31	0.31	0.27
Profit Before Tax	0.47	0.60	0.12	0.80	0.49	0.20	0.33
Tax %	44.43	8.33	25.00	61.99	22.45	25.00	33.33
Net Profit	0.26	0.55	0.09	0.30	0.37	0.15	0.22
EPS in Rs	0.57	1.21	0.00	0.67	0.82	0.32	0.00

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	TTM
Sales	9.81	11	17	19	17	16	15
Expenses	8.09	8.75	13	15	13	13	12
Operating Profit	1.71	2.64	3.31	4.65	3.16	2.78	2.90
OPM %	17.48	23.18	19.78	23.88	19.11	17.82	19.27
Other Income	0.21	0.16	0.27	0.50	0.42	0.29	0.10
Interest	0.05	0.12	0.07	0.02	0.04	0.06	0.05
Depreciation	0.70	1.06	0.78	0.79	0.94	1.01	1.14
Profit Before Tax	0.56	0.95	1.62	3.22	2.43	2.00	1.82
Tax %	39.98	43.44	37.71	36.65	23.56	39.04	42.62
Net Profit	0.34	0.54	1.01	2.04	1.86	1.22	1.04
EPS in Rs	—	—	—	—	—	2.45	1.81
Dividend Payout %	65.79	61.48	43.67	27.88	26.89	41.04	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
Equity Capital	4.41	4.41	4.41	4.54	4.54	4.54
Reserves	5.95	5.85	6.35	7.88	9.07	9.67
Borrowings	1.26	1.08	0.08	0.00	0.00	0.00
Other Liabilities	5.31	5.59	5.28	5.24	5.39	5.57
Total Liabilities	17	17	16	18	19	20
Fixed Assets	8.09	7.31	6.70	7.47	6.76	6.19
CWIP	0.44	0.00	1.10	0.00	0.20	0.00
Investments	0.05	0.05	0.00	0.00	1.01	2.26
Other Assets	8.34	9.56	8.32	10	11	11
Total Assets	17	17	16	18	19	20

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
Cash from Operating Activity	1.24	-0.22	3.12	1.66	1.95	1.09
Cash from Investing Activity	-0.57	0.03	-1.06	-0.34	-1.25	-1.38
Cash from Financing Activity	0.37	-0.52	-1.47	-0.63	-0.73	-0.62
Net Cash Flow	1.04	-0.71	0.59	0.69	-0.03	-0.91

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	45.18%	45.23%	45.25%	45.27%	45.25%	45.25%	45.25%	45.25%	45.25%	45.25%	45.30%	45.30%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	54.82%	54.77%	54.75%	54.73%	54.75%	54.75%	54.75%	54.75%	54.75%	54.75%	54.70%	54.70%
Total Shareholders	3,972	3,938	4,116	4,014	4,059	4,028	4,515	4,415	4,319	4,207	4,301	4,217

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Feb 10, 2025	Vineet khanna	Bulk	Buy	124.87	0.32 Cr	25,400	0.55
Jan 27, 2025	Pratima nitin ashar	Bulk	Sell	91.03	0.46 Cr	50,000	1.10
Jan 27, 2025	Nitin j ashar huf	Bulk	Buy	91.01	0.45 Cr	49,092	1.08
Dec 01, 2023	Sumanchepuri	Bulk	Sell	95.42	0.23 Cr	24,544	0.54
Dec 01, 2023	Sumanchepuri	Bulk	Buy	95.67	0.00 Cr	3	0.00
Sep 07, 2023	Ameer samsul hutha banu	Bulk	Sell	52.76	0.13 Cr	23,784	0.52
Sep 04, 2023	Jain pal jain	Bulk	Buy	57.83	0.23 Cr	39,484	0.86
Sep 04, 2023	Ameer samsul hutha banu	Bulk	Sell	57.86	0.40 Cr	69,505	1.53
Aug 02, 2023	Ameer samsul hutha banu	Bulk	Buy	71.64	0.19 Cr	26,739	0.58

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

Board Meeting Outcome

4 days ago

Board Meeting Outcome - Appointment of Company Secretary

The Board of Directors approved the appointment of Ms. Reshma Kiri as Company Secretary & Compliance officer effective December 11, 2025.

Documents

Presentations

Concalls

Reports

Presentations

No documents found!

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Overall

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Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019
Sales	2.63	5.63	1.88	5.66	3.99	2.67	2.75
Expenses	1.87	4.87	1.50	4.57	3.19	2.26	2.14
Operating Profit	0.76	0.76	0.38	1.08	0.80	0.41	0.61
OPM %	28.73	13.50	20.21	19.15	20.05	15.36	22.18
Other Income	0.00	0.09	0.00	0.00	0.00	0.10	0.00
Interest	0.01	0.01	0.01	0.03	0.01	0.00	0.01
Depreciation	0.28	0.25	0.25	0.25	0.31	0.31	0.27
Profit Before Tax	0.47	0.60	0.12	0.80	0.49	0.20	0.33
Tax %	44.43	8.33	25.00	61.99	22.45	25.00	33.33
Net Profit	0.26	0.55	0.09	0.30	0.37	0.15	0.22
EPS in Rs	0.57	1.21	0.00	0.67	0.82	0.32	0.00

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	TTM
Sales	9.81	11	17	19	17	16	15
Expenses	8.09	8.75	13	15	13	13	12
Operating Profit	1.71	2.64	3.31	4.65	3.16	2.78	2.90
OPM %	17.48	23.18	19.78	23.88	19.11	17.82	19.27
Other Income	0.21	0.16	0.27	0.50	0.42	0.29	0.10
Interest	0.05	0.12	0.07	0.02	0.04	0.06	0.05
Depreciation	0.70	1.06	0.78	0.79	0.94	1.01	1.14
Profit Before Tax	0.56	0.95	1.62	3.22	2.43	2.00	1.82
Tax %	39.98	43.44	37.71	36.65	23.56	39.04	42.62
Net Profit	0.34	0.54	1.01	2.04	1.86	1.22	1.04
EPS in Rs	—	—	—	—	—	2.45	1.81
Dividend Payout %	65.79	61.48	43.67	27.88	26.89	41.04	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
Equity Capital	4.41	4.41	4.41	4.54	4.54	4.54
Reserves	5.95	5.85	6.35	7.88	9.07	9.67
Borrowings	1.26	1.08	0.08	0.00	0.00	0.00
Other Liabilities	5.31	5.59	5.28	5.24	5.39	5.57
Total Liabilities	17	17	16	18	19	20
Fixed Assets	8.09	7.31	6.70	7.47	6.76	6.19
CWIP	0.44	0.00	1.10	0.00	0.20	0.00
Investments	0.05	0.05	0.00	0.00	1.01	2.26
Other Assets	8.34	9.56	8.32	10	11	11
Total Assets	17	17	16	18	19	20

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
Cash from Operating Activity	1.24	-0.22	3.12	1.66	1.95	1.09
Cash from Investing Activity	-0.57	0.03	-1.06	-0.34	-1.25	-1.38
Cash from Financing Activity	0.37	-0.52	-1.47	-0.63	-0.73	-0.62
Net Cash Flow	1.04	-0.71	0.59	0.69	-0.03	-0.91

Overview

Detailed Summary

Solitaire Machine Tools Ltd specializes in manufacturing precision centerless grinders, serving industries like auto ancillary, aerospace, and defense.

The company has expanded its capabilities by commissioning new plants and improving production facilities, like its recently operational assembly facility and Halol Plant under construction.

It has strategically partnered with international entities, enhancing its product offerings, exemplified by joint projects with a German group and a major bearing manufacturer.

The company is committed to sustainability, having installed a solar power system to reduce its environmental footprint since 2017.

Solitaire Machine Tools has streamlined operations by merging its subsidiary, Shruchi Manufacturing Limited, increasing its operational efficiency.

Sector

Capital Goods-Non Electrical Equipment

Industry

Machine Tools - Others

Market Cap

53 Cr

Volatility

Moderate Risk

P/E Ratio

30.0

Industry P/E

48.8

PEG Ratio

1.0

P/B Ratio

2.8

52W High

172.80

52W Low

90.50

Sales CAGR

-4.70%

18.34%

12.91%

10Y

3.33%

Profit CAGR

-34.41%

30.49%

28.84%

10Y

8.90%

ROE

TTM

9.19%

10.51%

9.57%

10Y

9.99%

ROCE

TTM

9.87%

12.68%

11.68%

10Y

13.21%

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
EMKAYTOOLS	120.00	128 Cr	3.10	0.43	0.00	27.13	33.34	25.08
ITL	306.00	98 Cr	10.03	1.16	0.33	11.43	14.69	6.61
SOLIMAC	116.00	53 Cr	30.03	2.76	1.73	9.19	9.87	6.29
SHTL	70.35	40 Cr	22.19	1.59	0.00	0.00	0.00	7.93
IYKOTHITE	13.30	14 Cr	—	4.90	0.00	-29.37	-28.74	-26.40
PREMIER	2.89	9 Cr	—	0.00	0.00	1.94	3.21	-3.64
HITTCO	13.50	8 Cr	—	3.06	0.00	-7.53	-1.86	-2.67