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Solar Industries India Ltd

Solar Industries India Ltd

SOLARINDS Share Price

NSE
18,247.002.18% (-406.00)
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With a market cap of ₹1,68,791 cr, stock is ranked 53

Stock is 2.40x as volatile as Nifty

SOLARINDS Stock Scorecard

Performance

High

The creamy layer - amongst the top performing stocks

Valuation

High

Seems to be overvalued vs the market average

Growth

Avg

Financials growth has been moderate for a few years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is underpriced but is in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

With a market cap of ₹1,68,791 cr, stock is ranked 53

Stock is 2.40x as volatile as Nifty

SOLARINDS Performance & Key Metrics

SOLARINDS Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
98.4336.290.06%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
24.393.452.12%

SOLARINDS Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
92%
Analysts have suggested that investors can buy this stock

from 12 analysts

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

SOLARINDS Company Profile

Solar Industries India Limited is an explosives manufacturing company. The Company manufactures, supplies and exports industrial explosives and initiating systems.

Investor Presentation

View older View older 

May 15, 2026

PDF
View Older Presentations

SOLARINDS Similar Stocks (Peers)

Compare with peers Compare with peers 

SOLARINDS Similar Stocks (Peers)

Compare with peers Compare with peers 
LINDEINDIA
PE Ratio
135.08
135.08
1Y Return
4.51%
4.51%
Buy Reco %
33.33
33.33
PE Ratio
40.72
40.72
1Y Return
27.38%
27.38%
Buy Reco %
0.00
0.00
PE Ratio
46.11
46.11
1Y Return
0.26%
0.26%
Buy Reco %
85.71
85.71
PE Ratio
41.67
41.67
1Y Return
19.92%
19.92%
Buy Reco %
47.06
47.06
PE Ratio
19.08
19.08
1Y Return
16.05%
16.05%
Buy Reco %
60.00
60.00
Compare with Peers

SOLARINDS Sentiment Analysis

SOLARINDS Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

SOLARINDS Stock Summary · February 2026

In Q3 FY26, the company celebrated a prestigious award while reporting record net revenue of Rs. 2548 crores, a 29% year-on-year increase, primarily driven by robust growth in the explosives and defense sectors. Despite facing stagnant demand in the coal sector and rising operational costs, international business revenue surged by 35%, reflecting successful global expansion. The defense sector, with a substantial order book of approximately ₹18,000 crores, is poised to be a key growth driver, supported by ongoing product development in advanced technologies. Management remains optimistic about achieving a 15% overall business growth rate, bolstered by anticipated volume increases and strategic long-term contracts, while maintaining EBITDA margins around 27%-28%.

SOLARINDS Stock Growth Drivers
SOLARINDS Stock Growth Drivers
8
  • Record Financial Performance

    The company achieved record financial results in Q3 FY26, reporting net revenue of Rs. 2548

  • Recognition and Awards

    The company celebrated the conferment of the Padma Shri award to its Chairman, recognizing his

SOLARINDS Stock Challenges
SOLARINDS Stock Challenges
2
  • Sales Challenges in African Markets

    The company is facing significant challenges in its sales from African markets, which constitute approximately

  • Foreign Exchange Exposure

    The company has acknowledged its foreign exchange (FOREX) exposure as a normal operational expense due

end marker

SOLARINDS Forecast

SOLARINDS Forecasts

Price

Revenue

Earnings

SOLARINDS

SOLARINDS

Income

Balance Sheet

Cash Flow

SOLARINDS Income Statement

SOLARINDS Income Statement

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Quarterdec 2023mar 2024jun 2024sep 2024dec 2024mar 2025jun 2025sep 2025dec 2025mar 2026
Total Revenue1,440.051,630.921,711.161,751.381,983.582,173.102,183.772,111.402,573.393,098.50
Operating & Other expensessubtract1,074.231,257.011,235.421,271.061,446.541,629.461,619.601,530.371,840.252,226.78
Depreciation/Amortizationsubtract38.6037.0139.9843.6147.4250.4955.9860.6262.8571.42
Interest & Other Itemssubtract28.2931.5227.4729.7430.5128.7827.4330.8934.3841.27
Taxes & Other Itemssubtract95.6070.33121.83121.09144.24142.14142.06144.55189.66211.40
EPS22.4725.9831.6631.5934.8035.6137.4338.1249.3160.52

SOLARINDS Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2026FY 2026

Annual Report Pending

Investor Presentation

May 15PDF
FY 2025FY 2025

Annual report

PDF

Investor Presentation

Feb 5PDF
FY 2024FY 2024

Annual report

PDF

Investor Presentation

Aug 3PDF
FY 2023FY 2023

Annual report

PDF

Investor Presentation

May 3PDF
Jan 25PDF
Nov 4PDF
Jul 25PDF
FY 2022FY 2022

Annual report

PDF

Investor Presentation

May 3PDF
Jan 29PDF
Jan 29PDF
FY 2021FY 2021

Annual report

PDF
FY 2020FY 2020

Annual report

PDF
FY 2019FY 2019

Annual report

PDF
FY 2018FY 2018

Annual report

PDF
FY 2017FY 2017

Annual report

PDF
FY 2016FY 2016

Annual report

PDF
 

SOLARINDS Stock Peers

SOLARINDS Past Performance & Peer Comparison

SOLARINDS Past Performance & Peer Comparison

Comparing 3 stocks from 
MaterialsCommodity Chemicals

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Solar Industries India Ltd98.4336.290.06%
Linde India Ltd135.0816.080.17%
Himadri Speciality Chemical Ltd40.726.430.13%
Sumitomo Chemical India Ltd46.118.62

SOLARINDS Stock Price Comparison

Compare SOLARINDS with any stock or ETF
Compare SOLARINDS with any stock or ETF
SOLARINDS
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SOLARINDS Holdings

SOLARINDS Shareholdings

SOLARINDS Promoter Holdings Trend

SOLARINDS Promoter Holdings Trend

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

SOLARINDS Institutional Holdings Trend

SOLARINDS Institutional Holdings Trend

Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

SOLARINDS Shareholding Pattern

SOLARINDS Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding73.15%11.93%0.97%6.60%7.35%

Jun 2025

Sep 2025

Dec 2025

Mar 2026

SOLARINDS Shareholding History

SOLARINDS Shareholding History

Dec '24MarJunSepDec '25Mar7.23%5.82%6.79%7.11%6.74%6.60%

Mutual Funds Invested in SOLARINDS

Mutual Funds Invested in SOLARINDS

No mutual funds holding trends are available

Top 5 Mutual Funds holding Solar Industries India Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
1.4986%3.32%0.38%4/136 (+3)
1.0141%3.72%0.29%13/33 (-3)
0.9147%2.82%0.44%12/61 (+2)

Compare 3-month MF holding change on Screener

SOLARINDS Insider Trades & Bulk Stock Deals

SOLARINDS Insider Trades & Bulk Stock Deals

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smallcases containing SOLARINDS stock

smallcases containing SOLARINDS stock

Looks like this stock is not in any smallcase yet.

SOLARINDS Events

SOLARINDS Events

SOLARINDS Dividend Trend

Increasing Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

SOLARINDS has increased dividends consistently over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.06%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹0.59 every year

Dividends

Corp. Actions

Announcements

Legal Orders

SOLARINDS Dividend Trend

Increasing Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

SOLARINDS has increased dividends consistently over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.06%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹0.59 every year

SOLARINDS Upcoming Dividends

SOLARINDS Upcoming Dividends

No upcoming dividends are available

SOLARINDS Past Dividends

SOLARINDS Past Dividends

Cash Dividend

Ex DateEx DateJul 8, 2025

Final
Final | Div/Share: ₹10.00

Dividend/Share

10.00

Ex DateEx Date

Jul 8, 2025

Cash Dividend

Ex DateEx DateJul 4, 2024

Final
Final | Div/Share: ₹8.50

Dividend/Share

8.50

Ex DateEx Date

Jul 4, 2024

Cash Dividend

Ex DateEx DateJun 9, 2023

Final
Final | Div/Share: ₹8.00

Dividend/Share

8.00

Ex DateEx Date

Jun 9, 2023

Cash Dividend

Ex DateEx DateMay 27, 2022

Final
Final | Div/Share: ₹7.50

Dividend/Share

7.50

Ex DateEx Date

May 27, 2022

Cash Dividend

Ex DateEx DateAug 18, 2021

Final
Final | Div/Share: ₹6.00

Dividend/Share

6.00

Ex DateEx Date

Aug 18, 2021

SOLARINDS Stock News & Opinions

SOLARINDS Stock News & Opinions

Corporate
Corporate
Board of Solar Industries India recommends final dividend

Solar Industries India announced that the Board of Directors of the Company at its meeting held on 15 May 2026, inter alia, have recommended the final dividend of Rs 11 per equity Share (i.e. 550%) , subject to the approval of the shareholders.

2 weeks agoCapital Market - Live
Corporate
Corporate
Solar Industries India to hold AGM

Solar Industries India announced that the 31th Annual General Meeting(AGM) of the company will be held on 11 August 2026.

2 weeks agoCapital Market - Live
Earnings
Earnings
Solar Industries India consolidated net profit rises 69.95% in the March 2026 quarter

Net profit of Solar Industries India rose 69.95% to Rs 547.63 crore in the quarter ended March 2026 as against Rs 322.23 crore during the previous quarter ended March 2025. Sales rose 40.90% to Rs 3052.75 crore in the quarter ended March 2026 as against Rs 2166.55 crore during the previous quarter ended March 2025. For the full year,net profit rose 38.70% to Rs 1677.55 crore in the year ended March 2026 as against Rs 1209.44 crore during the previous year ended March 2025. Sales rose 30.47% to Rs 9837.74 crore in the year ended March 2026 as against Rs 7540.26 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales3052.752166.55 41 9837.747540.26 30 OPM %27.0624.79 -26.6526.00 - PBDT830.45514.86 61 2616.091920.24 36 PBT759.03464.37 63 2365.221738.74 36 NP547.63322.23 70 1677.551209.44 39 Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Corporate
Solar Industries India to conduct board meeting

Solar Industries India will hold a meeting of the Board of Directors of the Company on 15 May 2026.

2 weeks agoCapital Market - Live
Corporate
Corporate
Solar Industries receives affirmation in credit ratings

Solar Industries India has received affirmation in credit ratings from CRISIL at CRISIL AA+/ Positive for bank facilities (Rs 1,479.50 crore) and non-convertible debentures (Rs 35 crore). The outlook on ratings has been upgrade from Stable to Positive.

1 month agoCapital Market - Live
Earnings
Earnings
Solar Industries India consolidated net profit rises 41.73% in the December 2025 quarter

Net profit of Solar Industries India rose 41.73% to Rs 446.25 crore in the quarter ended December 2025 as against Rs 314.87 crore during the previous quarter ended December 2024. Sales rose 29.15% to Rs 2548.32 crore in the quarter ended December 2025 as against Rs 1973.08 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales2548.321973.08 29 OPM %27.7926.69 - PBDT698.76506.53 38 PBT635.91459.11 39 NP446.25314.87 42 Powered by Capital Market - Live

3 months agoCapital Market - Live
Spotlight
Spotlight
Solar Industries India Q3 PAT rises 38% YoY to Rs 467 cr

Revenue from operations increased 29.15% YoY to Rs 2548.32 crore for the quarter ended 31 December 2025. Profit before tax (PBT) for the quarter stood at Rs 635.91 crore in Q3 FY26, up 38.51% from the Rs 459.11 crore reported in Q3 FY25. EBITDA stood at Rs 733 crore in Q3 FY26, registering a growth of 37% as compared with Rs 536 crore in Q3 FY25. EBITDA margin improved to 28.77% in Q3 FY26 from 27.17% in Q3 FY25. Total expenses increased 27.08% to Rs 1,937.35 crore in Q3 FY26 as compared with Rs 1,524.47 crore in Q3 FY25. The cost of raw material consumed stood at Rs 1,116.34 crore (up 22.39% YoY), and employee benefit expenses were at Rs 213.90 crore (up 41.95% YoY) during the period under review. Solar Industries India (SIIL) is the flagship company of the Solar Group. SIIL, along with its subsidiaries, manufactures bulk explosives, packaged explosives, and initiating systems, which find application in the mining, infrastructure, and construction industries. Shares of Solar Industries India jumped 5.09% to close at Rs 13,868.65 on the BSE.Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Corporate
Solar Industries India receives order worth Rs 589 cr

Solar Industries India and its subsidiary have received export orders worth Rs 589 crore for supply of defence products, to be delivered over a 4 year period. Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Corporate
Solar Industries India to hold board meeting

Solar Industries India will hold a meeting of the Board of Directors of the Company on 3 February 2026.Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Corporate
Solar Industries India bags additional order of Rs 1,746 cr from Coal India

Solar Industries India has bagged an additional order aggregating to Rs 1,746 crore from Coal India for and on behalf of its subsidiaries for the supply of bulk explosives, to be delivered over a period of two years. Earlier, the company had received an order aggregating to Rs 483 crore received from Southeastern Coalfields (SECL), subsidiary company of Coal India on 08 October 2025. Consequent to the receipt of additional order of Rs 1,746 crore the total order value from Coal India stands at Rs 2,229 crore.Powered by Capital Market - Live

4 months agoCapital Market - Live

Frequently asked questions

Frequently asked questions

  1. What is the share price of Solar Industries India Ltd (SOLARINDS) today?

    The share price of SOLARINDS as on 29th May 2026 is ₹18247. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. What is the return on Solar Industries India Ltd (SOLARINDS) share?

    The past returns of Solar Industries India Ltd (SOLARINDS) share are
    • Past 1 week: -0.83%
    • Past 1 month: 18.00%
    • Past 3 months: 35.12%
    • Past 6 months: 37.73%
    • Past 1 year: 12.30%
    • Past 3 years: 380.52%
    • Past 5 years: 1073.89%

  3. What are the peers or stocks similar to Solar Industries India Ltd (SOLARINDS)?
  4. What is the dividend yield % of Solar Industries India Ltd (SOLARINDS) share?

    The current dividend yield of Solar Industries India Ltd (SOLARINDS) is 0.06.

  5. What is the market cap of Solar Industries India Ltd (SOLARINDS) share?

    Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Solar Industries India Ltd (SOLARINDS) is ₹165117.20 Cr as of 29th May 2026.

  6. What is the 52 week high and low of Solar Industries India Ltd (SOLARINDS) share?

    The 52-week high of Solar Industries India Ltd (SOLARINDS) is ₹18874 and the 52-week low is ₹11646.

  7. What is the PE and PB ratio of Solar Industries India Ltd (SOLARINDS) stock?

    The P/E (price-to-earnings) ratio of Solar Industries India Ltd (SOLARINDS) is 98.43. The P/B (price-to-book) ratio is 36.29.

  8. Which sector does Solar Industries India Ltd (SOLARINDS) belong to?

    Solar Industries India Ltd (SOLARINDS) belongs to the Materials sector & Commodity Chemicals sub-sector.

  9. How to buy Solar Industries India Ltd (SOLARINDS) shares?

    You can directly buy Solar Industries India Ltd (SOLARINDS) shares on Tickertape. Simply sign up, connect your demat account and place your order.