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Solar Industries India Ltd

SOLARINDS Share Price

14,617.001.37% (-203.00)
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With a market cap of ₹1,34,106 cr, stock is ranked 65

Stock is 2.62x 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

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

With a market cap of ₹1,34,106 cr, stock is ranked 65

Stock is 2.62x as volatile as Nifty

SOLARINDS Performance & Key Metrics

SOLARINDS Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
106.2929.470.07%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
28.523.301.60%

SOLARINDS Analyst Ratings & Forecast

Detailed 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 View older 

Feb 5, 2025

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
120.81
120.81
1Y Return
22.02%
22.02%
Buy Reco %
50.00
50.00
PE Ratio
56.19
56.19
1Y Return
6.07%
6.07%
Buy Reco %
75.00
75.00
PE Ratio
36.09
36.09
1Y Return
37.12%
37.12%
Buy Reco %
53.33
53.33
PE Ratio
41.61
41.61
1Y Return
28.99%
28.99%
Buy Reco %
0.00
0.00
PE Ratio
21.87
21.87
1Y Return
19.28%
19.28%
Buy Reco %
50.00
50.00
Compare with Peers

SOLARINDS Sentiment Analysis

SOLARINDS Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

SOLARINDS Stock Summary · August 2025

In Q1 FY '26, the company achieved a record turnover of INR 2,154 crores, driven by a remarkable 115% surge in defense revenue and a 43% growth in international markets, despite facing challenges in the domestic explosive sector due to adverse weather conditions. Management remains optimistic about long-term growth, particularly in defense and infrastructure, with a revenue target of INR 10,000 crores for the year. Strategic investments in capital expenditure aim to enhance production capacity and market penetration, while successful product testing positions the company favorably in the defense sector. However, rising operational costs and currency fluctuations have impacted EBITDA margins, necessitating a focus on higher-margin activities to sustain profitability. As the company navigates these challenges, it is also exploring expansion opportunities in Europe and new international markets, indicating a proactive approach to diversifying revenue streams.

SOLARINDS Stock Growth Drivers
SOLARINDS Stock Growth Drivers
7
  • Record Financial Performance

    The company reported its highest-ever quarterly EBITDA of INR 564 crores and a profit after

  • Strong International and Defense Business Growth

    The international business achieved a remarkable 43% year-on-year growth, contributing significantly to the overall revenue.

SOLARINDS Stock Challenges
SOLARINDS Stock Challenges
5
  • Impact of Economic Factors on Financial Performance

    The company has faced a 1.5% adverse impact on EBITDA margins due to currency fluctuations

  • Challenges in Domestic and International Market Volumes

    The company has stopped disclosing domestic market volumes, which contribute only about 40% of total

SOLARINDS Forecast

SOLARINDS Forecasts

Price

Revenue

Earnings

SOLARINDS

SOLARINDS

Income

Balance Sheet

Cash Flow

SOLARINDS Income Statement

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 27.3%, vs industry avg of 13.05%

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 3.19% to 5.89%

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 35.23%, vs industry avg of 10.85%

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Financial YearFY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024FY 2025TTM
Total Revenue1,593.201,928.222,476.292,278.352,537.053,967.276,954.056,114.347,616.648,091.83
Raw Materialssubtract923.691,100.981,390.801,257.141,384.452,367.384,379.763,112.553,932.805,966.66
Power & Fuel Costsubtract18.5920.7628.9030.6432.1242.5961.6460.0981.90
Employee Costsubtract104.31133.48174.06195.95221.97267.47330.60400.45547.02
Selling & Administrative Expensessubtract128.94198.22235.89249.40267.40390.58547.32584.24771.88
Operating & Other expensessubtract80.5751.13136.0369.8595.09132.33314.56542.98246.30
Depreciation/Amortizationsubtract38.7451.2958.8984.5393.53109.25128.21143.38181.50197.50
Interest & Other Itemssubtract26.8932.7249.8755.0445.3950.2590.38109.37116.50116.46
Taxes & Other Itemssubtract84.93119.09140.2468.37120.75166.14344.39325.35529.30549.53
EPS20.6124.3728.9129.5530.5448.7783.6892.38133.65139.43
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 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
Oct 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

Loading...

StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Solar Industries India Ltd110.8829.470.07%
Linde India Ltd120.8114.380.19%
Sumitomo Chemical India Ltd56.199.780.21%
Deepak Nitrite Ltd36.094.640.41%

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%12.22%1.36%6.79%6.48%

Sep 2024

Dec 2024

Mar 2025

Jun 2025

SOLARINDS Shareholding History

SOLARINDS Shareholding History

MarJunSepDec '24MarJun6.10%7.57%7.53%7.23%5.82%6.79%

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)
1.8413%3.20%-0.81%7/121 (-4)
1.1315%4.02%-1.00%10/33 (-3)
1.0287%2.57%-0.64%15/63 (-4)

Compare 3-month MF holding change on Screener

SOLARINDS Insider Trades & Bulk Stock Deals

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

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 0.07%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹0.67 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 0.07%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹0.67 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
Solar Industries India reports explosion at its unit in Chakdoh, Nagpur

Solar Industries India announced that an explosion incident had occurred on 04 September 2025 at 12:33 am in Crystallization Building while performing crystallization process of an energetic material in Solar Industries India, Chakdoh, Nagpur (MH). The safety mechanism systems got activated and people working in the area were evacuated as per the emergency procedure, before the explosion took place. Due to the shock impact of explosion, one person has lost his life, and eight persons were injured in areas near by this building. The Company deeply mourns this loss of life and stands with the family of the deceased in this moment of grief. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Earnings
Solar Industries India consolidated net profit rises 18.24% in the June 2025 quarter

Net profit of Solar Industries India rose 18.24% to Rs 338.70 crore in the quarter ended June 2025 as against Rs 286.46 crore during the previous quarter ended June 2024. Sales rose 27.88% to Rs 2154.45 crore in the quarter ended June 2025 as against Rs 1684.80 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales2154.451684.80 28 OPM %24.8326.67 - PBDT536.74448.27 20 PBT480.76408.29 18 NP338.70286.46 18 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Solar Industries India to discuss results

Solar Industries India will hold a meeting of the Board of Directors of the Company on 7 August 2025.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Solar Inds arm bags supply contract worth Rs 158-cr from Ministry of Defence

The contract is valued at Rs 158 crore and is to be delivered within a period of one 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 company's consolidated net profit jumped 37.09% to Rs 322.23 crore on 34.51% increase in revenue from operations to Rs 2,166.55 crore in Q4 FY25 over Q4 FY24. The scrip rose 0.72% to Rs 17,119.95 on the BSE.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Solar Defence & Aerospace wins order of Rs 158 cr from Ministry of Defence

Solar Defence & Aerospace (formerly known as Economic Explosives), wholly owned subsidiary of Solar Industries India, has signed a contract on 22 June 2025, for supply of Defence Product with Ministry of Defence, Government of India. The contract is for value of Rs 158 crore to be delivered within a period of 1 (one) year.Powered by Capital Market - Live

2 months agoCapital Market - Live
Spotlight
Solar Industries bags explosives supply contract from CIL worth Rs 402 crore

The domestic supply contract would be executed over a period of two 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 rose 0.27% to currently trade at Rs 16,145.75 on the BSE. Powered by Capital Market - Live

3 months agoCapital Market - Live
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

3 months 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

3 months 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

3 months 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

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 18th September 2025 is ₹14617. 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: 5.09%
    • Past 1 month: -2.50%
    • Past 3 months: -14.51%
    • Past 6 months: 44.93%
    • Past 1 year: 36.08%
    • Past 3 years: 308.44%
    • Past 5 years: 1242.73%

  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 0.07.

  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 ₹134106.26 Cr as of 18th September 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 ₹17820 and the 52-week low is ₹8482.50.

  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 110.88. The P/B (price-to-book) ratio is 29.47.

  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.