Good morning :)
Place Order
Add to Watchlist

Solar Industries India Ltd

SOLARINDS Share Price

16,104.000.89% (-145.00)
High
Low
Returns
1D
1W
1M
1Y
5Y
Max
SIP
Loading...
1D
1W
1M
1Y
5Y
Max
SIP

With a market cap of ₹1,45,725 cr, stock is ranked 60

Stock is 2.52x as volatile as Nifty

How to use scorecard? Learn more

With a market cap of ₹1,45,725 cr, stock is ranked 60

Stock is 2.52x as volatile as Nifty

SOLARINDS Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
120.4942.520.06%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
26.803.451.61%

SOLARINDS Analyst Ratings & Forecast

Detailed Forecast 
80%
Analysts have suggested that investors can buy this stock

from 5 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 

Feb 5, 2025

PDF
View Older Presentations

SOLARINDS Similar Stocks (Peers)

Compare with peers 
LINDEINDIA
PE Ratio
140.73
1Y Return
17.99%
Buy Reco %
50.00
PE Ratio
39.66
1Y Return
7.12%
Buy Reco %
60.00
PE Ratio
50.04
1Y Return
6.26%
Buy Reco %
100.00
PE Ratio
41.98
1Y Return
42.04%
Buy Reco %
100.00
PE Ratio
23.07
1Y Return
15.16%
Buy Reco %
50.00
Compare with Peers
SOLARINDS Sentiment Analysis
New
Crisp summary & key insights to decode earnings calls instantly

SOLARINDS Stock Summary · February 2025

In Q3 FY25, the company achieved record revenue and profitability, driven by a remarkable 38% year-on-year growth, particularly in the defense sector, which saw a staggering 570% increase despite external challenges like heavy monsoons and election-related demand fluctuations. While the overall revenue growth is expected to fall short of initial projections due to domestic market slowdowns, management remains optimistic about long-term recovery starting January 2025. The international business is thriving, with significant export orders and expansion plans in Thailand and Kazakhstan, enhancing future prospects. However, the lengthy execution timelines for major defense projects pose cash flow challenges, necessitating careful management of margins amid evolving market dynamics.

Key Points on Solarinds Stock
SOLARINDS Stock Growth Drivers
6
  • Record Financial Performance

    The company achieved record quarterly results, reporting a revenue of Rs. 1,973 crores, a 38%

  • International Business Growth

    The company reported a remarkable 21% growth in its international business, reaching Rs. 758 crores

SOLARINDS Stock Challenges
5
  • Flat Performance in Core Explosive Business

    The core explosive business has shown flat performance in the latest quarter, primarily due to

  • Reduced Revenue Growth Expectations

    The company initially projected a 30% revenue growth; however, a slowdown in the domestic market

SOLARINDS Forecasts

SOLARINDS Forecast

Price

Revenue

Earnings

SOLARINDS

Income

Balance Sheet

Cash Flow

SOLARINDS Income Statement

Industry refers to the sub-sector this company belongs to.
Higher than Industry Revenue Growth
A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 19.81%, vs industry avg of 8.53%

Increasing Market Share
Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 3.4% to 4.52%

Higher than Industry Net Income
Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 26.15%, vs industry avg of 0.64%

Loading...

Financial YearFY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024FY 2025TTM
Total Revenue1,593.201,928.222,476.292,278.352,537.053,967.276,954.056,114.347,616.647,619.22
Raw Materialssubtract923.691,100.981,390.801,257.141,384.452,367.384,379.763,112.555,579.905,582.48
Power & Fuel Costsubtract18.5920.7628.9030.6432.1242.5961.6460.09
Employee Costsubtract104.31133.48174.06195.95221.97267.47330.60400.45
Selling & Administrative Expensessubtract128.94198.22235.89249.40267.40390.58547.32578.75
Operating & Other expensessubtract80.5751.13136.0369.8595.09132.33314.56548.47
Depreciation/Amortizationsubtract38.7451.2958.8984.5393.53109.25128.21143.38181.50181.50
Interest & Other Itemssubtract26.8932.7249.8755.0445.3950.2590.38109.37116.50116.50
Taxes & Other Itemssubtract84.93119.09140.2468.37120.75166.14344.39325.35529.30529.30
EPS20.6124.3728.9129.5530.5448.7783.6892.38133.65133.65
DPS5.006.007.006.006.007.508.008.5010.008.50
Payout ratio0.240.250.240.200.200.150.100.090.070.06

SOLARINDS Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

May 3PDF
Jan 29PDF
Jan 29PDF
Oct 29PDF
FY 2023

Annual report

PDF

Investor Presentation

May 3PDF
Jan 25PDF
Nov 4PDF
Jul 25PDF
FY 2024

Annual report

PDF

Investor Presentation

Aug 3PDF
FY 2025

Annual Report Pending

Investor Presentation

Feb 5PDF
 

SOLARINDS Past Performance & Peer Comparison

Comparing 3 stocks from 
MaterialsCommodity Chemicals

Loading...

StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Solar Industries India Ltd120.4942.520.06%
Linde India Ltd140.7318.46
Deepak Nitrite Ltd39.665.730.37%
Sumitomo Chemical India Ltd50.0410.350.41%

SOLARINDS Stock Price Comparison

Compare SOLARINDS with any stock or ETF
Compare SOLARINDS with any stock or ETF
SOLARINDS
Loading...

SOLARINDS Shareholdings

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

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

Decreased 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 decreased by 1.41%

Tickertape Separator

SOLARINDS Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding73.15%12.94%1.17%5.82%6.92%

Jun 2024

Sep 2024

Dec 2024

Mar 2025

SOLARINDS Shareholding History

Dec '23MarJunSepDec '24Mar5.90%6.10%7.57%7.53%7.23%5.82%

Mutual Funds Invested in SOLARINDS

Increased Mutual Fund Holding
Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has increased by 1.20%

Top 5 Mutual Funds holding Solar Industries India Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
2.2597%4.45%1.18%2/118 (+6)
1.2378%5.12%1.41%3/33 (+4)
0.9985%2.93%0.74%6/69 (+6)

Compare 3-month MF holding change on Screener

SOLARINDS Insider Trades & Bulk Stock Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases containing SOLARINDS stock

Looks like this stock is not in any smallcase yet.

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 ₹0.62 every year

Dividends

Corp. Actions

Announcements

Legal Orders

SOLARINDS Upcoming Dividends

No upcoming dividends are available

SOLARINDS Past Dividends

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

Cash Dividend

Ex DateEx DateSep 3, 2020

Final
Final | Div/Share: ₹6.00

Dividend/Share

6.00

Ex DateEx Date

Sep 3, 2020

SOLARINDS Stock News & Opinions

Corporate
Solar Industries India schedules AGM

Solar Industries India announced that the 30th Annual General Meeting(AGM) of the company will be held on 22 July 2025.Powered by Capital Market - Live

1 week agoCapital Market - Live
Earnings
Solar Industries India consolidated net profit rises 37.09% in the March 2025 quarter

Net profit of Solar Industries India rose 37.09% to Rs 322.23 crore in the quarter ended March 2025 as against Rs 235.05 crore during the previous quarter ended March 2024. Sales rose 34.51% to Rs 2166.55 crore in the quarter ended March 2025 as against Rs 1610.71 crore during the previous quarter ended March 2024. For the full year,net profit rose 44.68% to Rs 1209.44 crore in the year ended March 2025 as against Rs 835.93 crore during the previous year ended March 2024. Sales rose 24.23% to Rs 7540.26 crore in the year ended March 2025 as against Rs 6069.52 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales2166.551610.71 35 7540.266069.52 24 OPM %24.7921.96 -26.0022.56 - PBDT514.86342.39 50 1920.241304.66 47 PBT464.37305.38 52 1738.741161.28 50 NP322.23235.05 37 1209.44835.93 45 Powered by Capital Market - Live

1 week agoCapital Market - Live
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 20 May 2025, inter alia, have recommended the final dividend of Rs 10 per equity Share (i.e. 500%) , subject to the approval of the shareholders.Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Solar Industries India announces board meeting date

Solar Industries India will hold a meeting of the Board of Directors of the Company on 20 May 2025.Powered by Capital Market - Live

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

Solar Industries India has received reaffirmation in credit ratings from CRISIL at CRISIL AA+/ Stable for bank facilities aggregating Rs 1479.50 crore. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Solar Industries India wins order of Rs 239 cr from Ministry of Defence

Solar Industries India has signed a contract worth Rs 239 crore with Ministry of Defence, Government of India for Supply of Multi Mode Hand Grenade, to be delivered over a period of 1 year.Powered by Capital Market - Live

2 months agoCapital Market - Live
Spotlight
Solar Inds bags order worth Rs 239 cr from Ministry of Defence

The project involves the supply of multi-mode handgrenades for the Ministry of Defence, to be completed within 1 year. 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. The Group forayed into the defence sector in 2010 and diversified into the manufacturing of propellants for missiles and rockets, warheads, and warhead explosives. The company's consolidated net profit rose 54.86% to Rs 314.87 crore on a 38.06% increase in sales to Rs 1,973.08 crore in Q3 FY25 as compared with Q3 FY24. Shares of Solar Industries India rose 0.30% to Rs 8,999 on the BSE.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Solar Industries India receives export orders of Rs 2150 cr

Solar Industries India and its subsidiary have received export orders worth Rs 2150 crore for supply of defence products, to be delivered over a period of 6 years.Powered by Capital Market - Live

3 months agoCapital Market - Live
Spotlight
Solar Industries bags exports orders worth Rs 2,150 crore

The entire contract is to be executed over a period of six years. 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. The Group forayed into the defence sector in 2010 and diversified into the manufacturing of propellants for missiles and rockets, warheads, and warhead explosives. The company's consolidated net profit rose 54.86% to Rs 314.87 crore on a 38.06% increase in sales to Rs 1,973.08 crore in Q3 FY25 as compared with Q3 FY24. The scrip fell 1.71% to currently trade at Rs 8572.35 on the BSE Powered by Capital Market - Live

3 months agoCapital Market - Live
Earnings
Solar Industries India consolidated net profit rises 54.86% in the December 2024 quarter

Net profit of Solar Industries India rose 54.86% to Rs 314.87 crore in the quarter ended December 2024 as against Rs 203.33 crore during the previous quarter ended December 2023. Sales rose 38.06% to Rs 1973.08 crore in the quarter ended December 2024 as against Rs 1429.14 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1973.081429.14 38 OPM %26.6924.83 - PBDT506.53337.53 50 PBT459.11298.93 54 NP314.87203.33 55 Powered by Capital Market - Live

3 months agoCapital Market - Live

Frequently asked questions

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

    The share price of SOLARINDS as on 30th May 2025 is ₹16104. 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: 8.10%
    • Past 1 month: 20.10%
    • Past 3 months: 84.88%
    • Past 6 months: 52.78%
    • Past 1 year: 74.90%
    • Past 3 years: 494.92%
    • Past 5 years: 1686.55%

  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 ₹145725.18 Cr as of 30th May 2025.

  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 ₹16305 and the 52-week low is ₹7888.25.

  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 120.49. The P/B (price-to-book) ratio is 42.52.

  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.