SOLARINDS.NS vs. LAR.TO

Last updated Jun 5, 2026

SOLARINDS.NS (Solar Industries India Limited) and LAR.TO (Lithium Argentina AG ) are both stocks. Both are in the Basic Materials sector — SOLARINDS.NS in Specialty Chemicals, LAR.TO in Other Industrial Metals & Mining. Over the past 10 years, SOLARINDS.NS returned 43.46%/yr vs 27.26%/yr for LAR.TO. At a 0.04 correlation, their price movements are largely independent.

Performance

SOLARINDS.NS vs. LAR.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Solar Industries India Limited (SOLARINDS.NS) and Lithium Argentina AG (LAR.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SOLARINDS.NS is traded in INR, while LAR.TO is traded in CAD. To make them comparable, the LAR.TO values have been converted to INR using the latest available exchange rates.

Returns By Period

In the year-to-date period, SOLARINDS.NS achieves a 49.31% return, which is significantly lower than LAR.TO's 87.12% return. Over the past 10 years, SOLARINDS.NS has outperformed LAR.TO with an annualized return of 43.46%, while LAR.TO has yielded a comparatively lower 27.26% annualized return.

SOLARINDS.NS

• 1D: -1.53%
• 1M: 16.22%
• YTD: 49.31%
• 6M: 42.70%
• 1Y: 7.52%
• 3Y*: 80.00%
• 5Y*: 70.58%
• 10Y*: 43.46%

LAR.TO

• 1D: -3.69%
• 1M: -13.17%
• YTD: 87.12%
• 6M: 103.10%
• 1Y: 466.37%
• 3Y*: 10.72%
• 5Y*: 14.78%
• 10Y*: 27.26%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SOLARINDS.NS vs. LAR.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SOLARINDS.NS Solar Industries India Limited	49.31%	25.31%	45.53%	87.19%	81.60%	122.14%	3.74%	-2.00%	-7.26%	76.54%
LAR.TO Lithium Argentina AG	87.12%	122.52%	-57.04%	-16.79%	-27.96%	136.73%	301.68%	3.91%	-61.22%	180.20%

Correlation

The correlation between SOLARINDS.NS and LAR.TO is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since May 8, 2009	0.04

The correlation between SOLARINDS.NS and LAR.TO shifts across timeframes, from 0.04 (3 years) to 0.15 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SOLARINDS.NS vs. LAR.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SOLARINDS.NS

SOLARINDS.NS Risk / Return Rank: 47
SOLARINDS.NS Sharpe Ratio Rank: 51
SOLARINDS.NS Sortino Ratio Rank: 46
SOLARINDS.NS Omega Ratio Rank: 44
SOLARINDS.NS Calmar Ratio Rank: 48
SOLARINDS.NS Martin Ratio Rank: 46

LAR.TO

LAR.TO Risk / Return Rank: 97
LAR.TO Sharpe Ratio Rank: 99
LAR.TO Sortino Ratio Rank: 95
LAR.TO Omega Ratio Rank: 93
LAR.TO Calmar Ratio Rank: 98
LAR.TO Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SOLARINDS.NS vs. LAR.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Solar Industries India Limited (SOLARINDS.NS) and Lithium Argentina AG (LAR.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SOLARINDS.NS	LAR.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.29	5.66	-5.37
Sortino ratio: Return per unit of downside risk	0.66	4.39	-3.73
Omega ratio: Gain probability vs. loss probability	1.07	1.54	-0.46
Calmar ratio: Return relative to maximum drawdown	0.27	15.37	-15.10
Martin ratio: Return relative to average drawdown	0.45	37.87	-37.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOLARINDS.NS vs. LAR.TO - Sharpe Ratio Comparison

The current SOLARINDS.NS Sharpe Ratio is 0.29, which is lower than the LAR.TO Sharpe Ratio of 5.66. The chart below compares the historical Sharpe Ratios of SOLARINDS.NS and LAR.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SOLARINDS.NS	LAR.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.29	5.66	-5.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.93	0.21	+1.72
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.38	0.37	+1.01
Sharpe Ratio (All Time) Calculated using the full available price history	1.01	0.19	+0.83

Drawdowns

SOLARINDS.NS vs. LAR.TO - Drawdown Comparison

The maximum SOLARINDS.NS drawdown since its inception was -65.15%, smaller than the maximum LAR.TO drawdown of -93.41%. Use the drawdown chart below to compare losses from any high point for SOLARINDS.NS and LAR.TO.

Drawdown Indicators

	SOLARINDS.NS	LAR.TO	Difference
Max Drawdown Largest peak-to-trough decline	-65.15%	-93.41%	+28.26%
Max Drawdown (1Y) Largest decline over 1 year	-33.07%	-31.28%	-1.79%
Max Drawdown (3Y) Largest decline over 3 years	-33.07%	-78.81%	+45.74%
Max Drawdown (5Y) Largest decline over 5 years	-33.07%	-87.99%	+54.92%
Max Drawdown (10Y) Largest decline over 10 years	-34.27%	-87.99%	+53.72%
Current Drawdown Current decline from peak	-1.93%	-24.52%	+22.59%
Average Drawdown Average peak-to-trough decline	-15.25%	-57.10%	+41.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.96%	12.67%	+7.29%

Volatility

SOLARINDS.NS vs. LAR.TO - Volatility Comparison

The current volatility for Solar Industries India Limited (SOLARINDS.NS) is 9.64%, while Lithium Argentina AG (LAR.TO) has a volatility of 21.05%. This indicates that SOLARINDS.NS experiences smaller price fluctuations and is considered to be less risky than LAR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOLARINDS.NS	LAR.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.64%	21.05%	-11.41%
Volatility (6M) Calculated over the trailing 6-month period	25.13%	56.10%	-30.97%
Volatility (1Y) Calculated over the trailing 1-year period	30.87%	84.93%	-54.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.34%	71.98%	-34.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.15%	73.26%	-41.11%

Dividends

SOLARINDS.NS vs. LAR.TO - Dividend Comparison

SOLARINDS.NS's dividend yield for the trailing twelve months is around 0.05%, while LAR.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LAR.TO Lithium Argentina AG	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SOLARINDS.NS Solar Industries India Limited	0.05%	0.08%	0.09%	10.44%	0.17%	0.25%	0.55%	0.66%	0.55%	0.68%	0.40%	0.51%

Financials

Frequently Asked Questions

Can I hold both SOLARINDS.NS and LAR.TO in my portfolio?

SOLARINDS.NS and LAR.TO have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.