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Solar Industries share price

Solar Industries India Ltd.

NSE: SOLARINDS BSE: 532725 SECTOR: Chemicals  2.85 L   870   96

18210.00
+94.00 (0.52%)
NSE: 20 May 4:00 PM

Price Summary

Today's High

₹ 18320

Today's Low

₹ 17925

52 Week High

₹ 18498

52 Week Low

₹ 11646

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

164782.39 Cr.

Enterprise Value

164781.16 Cr.

No. of Shares

9.05 Cr.

P/E

134.88

P/B

38.98

Face Value

₹ 2

Div. Yield

0.06 %

Book Value (TTM)

₹  467.1

CASH

196.17 Cr.

DEBT

194.94 Cr.

Promoter Holding

73.15 %

EPS (TTM)

₹  135.01

Sales Growth

19.88%

ROE

29.67 %

ROCE

37.37%

Profit Growth

34.68 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

Your Added Ratios

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Index Presence

The company is present in 37Indices.

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year19.88%
3 Year20.8%
5 Year24.14%

Profit Growth

1 Year34.68%
3 Year45.35%
5 Year30.35%

ROE%

1 Year29.67%
3 Year29.03%
5 Year25.04%

ROCE %

1 Year37.37%
3 Year35.15%
5 Year30.53%

Debt/Equity

0.0636

Price to Cash Flow

156.35

Interest Cover Ratio

38.2378

CFO/PAT (5 Yr. Avg.)

1.04475056526342

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2026 73.15 1.76
Dec 2025 73.15 1.52
Sep 2025 73.15 1.52
Jun 2025 73.15 1.52
Mar 2025 73.15 1.52
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 45.3527910084275% for the Past 3 years.
  • The company has shown a good revenue growth of 20.7967471329007% for the Past 3 years.
  • The company has significantly decreased its debt by 117.54 Cr.
  • Company has been maintaining healthy ROE of 29.0307333333333% over the past 3 years.
  • Company has been maintaining healthy ROCE of 35.1485666666667% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 38.2378.
  • The company has an efficient Cash Conversion Cycle of 62.6755 days.
  • Company has a healthy liquidity position with current ratio of 2.2014.
  • The company has a good cash flow management; CFO/PAT stands at 1.04475056526342.
  • The company has a high promoter holding of 73.15%.

 Limitations

  • Promoter pledging has increased from 1.5165458901673% to 1.76% in 1 quarter.
  • Company has contingent liabilities of 784.78 Cr.
  • The company is trading at a high PE of 134.88.
  • The company is trading at a high EV/EBITDA of 93.8271.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 1299.28 1387.15 1125.22 1492.78 1573.71
Total Expenditure 981 1011.61 835.33 1056.13 1116.62
Operating Profit 318.28 375.54 289.89 436.65 457.09
Other Income 14.53 29.67 56.58 37.51 83.48
Interest 8.08 6.74 6.26 5.68 7.34
Depreciation 20.75 23.13 24.73 25.43 26.42
Exceptional Items 0 0 0 0 0
Profit Before Tax 303.98 375.34 315.48 443.05 506.81
Tax 76.95 95.82 80.53 113.6 129.03
Profit After Tax 227.03 279.52 234.95 329.45 377.78
Adjusted EPS (Rs) 25.09 30.89 25.96 36.4 41.74

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 1584.4 2528.34 4162.25 3717.52 4456.6
Total Expenditure 1312.32 2168.56 3540.78 2882.86 3359.49
Operating Profit 272.08 359.78 621.47 834.66 1097.11
Other Income 25.64 51.53 63.2 58.34 83.75
Interest 6.52 8.85 27.57 29.58 28.93
Depreciation 37.98 49.44 57.02 63.37 74.64
Exceptional Items 0 0 0 0 0
Profit Before Tax 253.22 353.02 600.08 800.05 1077.29
Tax 64.15 91.5 154.69 203.75 274.18
Net Profit 189.07 261.52 445.39 596.3 803.11
Adjusted EPS (Rs.) 20.89 28.9 49.21 65.89 88.74

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 18.1 18.1 18.1 18.1 18.1
Total Reserves 1138.71 1347.49 1749.35 2328.37 3048.86
Borrowings 74.65 118.56 182.47 193.05 93.56
Other N/C liabilities 72.65 86.23 108.13 136.15 394.48
Current liabilities 296.34 438.7 711.12 559.58 880.72
Total Liabilities 1600.45 2009.08 2769.17 3235.25 4435.72
Assets
Net Block 557.76 706.19 779.3 811.24 1138.73
Capital WIP 127.4 40.78 76.04 217.23 112.1
Intangible WIP 2.29 0.13 2.37 1.92 0.57
Investments 128.53 145.79 206.41 453.89 686.46
Loans & Advances 188.73 363.68 428.41 351.49 547.26
Other N/C Assets 0 2.91 0 1.62 11.8
Current Assets 595.74 749.6 1276.64 1397.86 1938.8
Total Assets 1600.45 2009.08 2769.17 3235.25 4435.72
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations 253.22 353.02 600.08 800.05 1077.29
Adjustment 41.06 16.06 33.47 63.15 43.03
Changes in Assets & Liabilities -82.08 -2.18 -361.18 93.05 195.67
Tax Paid -64.43 -72.89 -139.65 -186.55 -262.08
Operating Cash Flow 147.77 294.01 132.72 769.7 1053.91
Investing Cash Flow -99.33 -280.21 -270.73 -549.29 -691.25
Financing Cash Flow -65.95 -36.02 173.04 -216.5 -231.81
Net Cash Flow -17.51 -22.22 35.03 3.91 130.85

Corporate Actions

Investors Details

PARTICULARS Mar 2025% Jun 2025% Sep 2025% Dec 2025% Mar 2026%
promoters 73.15 73.15 73.15 73.15 73.15
manish satyanarayan nuwal... 38.93 38.93 38.93 38.93 38.93
rahul nuwal 0.03 0.03 0.03 0.03 0.03
satyanarayan nandlalji nu... 3.58 3.58 3.58 3.58 3.58
seema manish nuwal 1.37 1.37 1.37 1.37 1.37
sohan devi nand lal nuwal... - - - - 29.23
indira kailashchandra nuw... 6.15 6.15 6.15 6.15 -
kailash chandra nuwal 23.08 23.08 23.08 23.08 -
PARTICULARS Mar 2025% Jun 2025% Sep 2025% Dec 2025% Mar 2026%
investors 26.85 26.85 26.85 26.85 26.85
axis mutual fund trustee ... 1.04 - 1.08 1.17 1.16
kotak flexicap fund - - 3.13 3.03 2.85
llp 0.03 - - 0.05 0.05
sbi equity hybrid fund 4.33 3.32 3.35 3.40 3.59
hdfc mutual fund - hdfc m... - 1.86 - - -
kotak emerging equity sch... 3.19 3.17 - - -
hdfc mutual fund - hdfc m... 1.73 - - - -
investor education and pr... 0.05 - - - -

Annual Reports

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Annual Report 2025
Annual Report 2024
Annual Report 2024
Annual Report 2022
Annual Report 2021
Annual Report 2020
Annual Report 2019
Annual Report 2018
Annual Report 2017
Annual Report 2017

Ratings & Research Reports

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Concalls & Presentations

TYPE QUARTER Link
TYPE QUARTER Link
Concall Q4FY24
Concall Q4FY21
Concall Q4FY20
Concall Q2FY24
Concall Q2FY21
Concall Q2FY20
Concall Q1FY26
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Concall Q1FY21
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Company News

Solar Industries India surges on reporting 70% jump in Q4 consolidated net profit 18 May, 11:35 AM Solar Industries India reports 70% jump in Q4 consolidated net profit 16 May, 6:00 PM Solar Industries India informs about audio recording of earnings call 16 May, 12:35 PM Solar Industries - Quaterly Results 16 May, 12:00 AM Solar Industries India informs about disclosures 1 Apr, 2:49 PM Solar Industries India informs about disclosures 11 Mar, 4:50 PM Solar Industries - Quaterly Results 4 Feb, 12:00 AM Solar Industries along with arm bags orders worth Rs 589 crore 31 Jan, 10:32 AM Solar Industries rises on securing export orders worth Rs 830 crore along with arm 30 Jan, 2:56 PM Solar Industries along with arm secures export orders worth Rs 830 crore 30 Jan, 2:30 PM Solar Industries India informs about updates 19 Jan, 2:17 PM Solar Industries soars on bagging additional order worth Rs 1,746 crore 31 Dec, 2:53 PM Solar Industries bags additional order worth Rs 1,746 crore 31 Dec, 2:51 PM Solar Industries bags order worth Rs 1400 crore along with subsidiary 18 Nov, 2:51 PM Solar Industries soars on reporting 21% rise in Q2 consolidated net profit 11 Nov, 2:53 PM Solar Industries reports 21% rise in Q2 consolidated net profit 11 Nov, 2:40 PM Solar Industries - Quaterly Results 11 Nov, 12:00 AM Solar Industries India informs about analyst meet 4 Nov, 3:22 PM Solar Industries India bags order worth Rs 483 crore 8 Oct, 5:11 PM Galtantt Ispat informs about credit rating 10 Sep, 10:25 AM Solar Industries India informs about transcription of conference call 11 Aug, 5:04 PM Solar Industries - Quaterly Results 7 Aug, 3:12 PM Solar Industries - Quaterly Results 7 Aug, 3:12 PM Solar Industries - Quaterly Results 7 Aug, 3:12 PM Solar Industries India informs about trading window closure 30 Jun, 3:28 PM Solar Industries India’s arm signs contract worth Rs 158 crore 23 Jun, 3:41 PM Solar Industries India informs about earnings call transcript 24 May, 3:26 PM Solar Industries - Quaterly Results 20 May, 3:18 PM Solar Industries - Quaterly Results 20 May, 3:18 PM Solar Industries - Quaterly Results 20 May, 3:18 PM Solar Industries India submits analyst meet intimation 26 Mar, 5:13 PM Solar Industries India informs about trading window closure 6 Mar, 2:33 PM Solar Industries India’s arm secures contract from Ministry of Defence 4 Mar, 12:30 PM Solar Industries India along with subsidiary secures export orders worth Rs 2150 crore 28 Feb, 3:19 PM Solar Industries India raises Rs 75 crore through commercial paper 21 Feb, 11:22 AM Solar Industries’ arm bags contract worth Rs 6084 crore from Ministry of Defence 7 Feb, 12:10 PM Solar Industries - Quaterly Results 5 Feb, 2:38 PM Solar Industries - Quaterly Results 5 Feb, 2:38 PM Solar Industries - Quaterly Results 5 Feb, 2:38 PM Solar Industries India informs about disclosure 23 Jan, 5:25 PM Solar Industries’ arm enters into MoU with Government of Maharashtra 23 Jan, 4:44 PM Solar Industries India informs about change in name of RTA 1 Jan, 4:14 PM Solar Industries along with subsidiary bags export orders worth Rs 2039 crore 3 Dec, 11:00 AM Solar Industries - Quaterly Results 13 Nov, 3:06 PM Solar Industries - Quaterly Results 13 Nov, 3:06 PM Solar Industries - Quaterly Results 13 Nov, 3:06 PM Solar Industries secures export orders worth Rs 580 crore 11 Nov, 2:08 PM Solar Industries India wins order worth Rs 887 crore 5 Nov, 2:12 PM Solar Industries bags orders worth Rs 399.4 crore 4 Nov, 4:58 PM Solar Industries - Quaterly Results 6 Aug, 2:44 PM

Solar Industries Stock Price Analysis and Quick Research Report. Is Solar Industries an attractive stock to invest in?

Stock investing requires careful analysis of financial data to determine a company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement, which can be time-consuming and cumbersome.

Examining a company's financial ratios is an easier way to determine its performance, which can help to make sense of the overwhelming amount of information in its financial statements. 

Here are a few indispensable ratios that should be a part of every investor’s research process, or, in simpler words, how to analyse Solar Industries. 

  • PE ratio: Price to Earnings ratio, which indicates how much an investor is willing to pay for a share for every rupee of earnings. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Solar Industries has a PE ratio of 134.879597183305 which is high and comparatively overvalued.

  • Return on Assets (ROA): Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Solar Industries has ROA of 20.9389% which is a good sign for future performance. (Higher values are always desirable.)

  • Current ratio: The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Solar Industries has a Current ratio of 2.2014.

  • Return on equity: ROE measures the ability of a firm to generate profits from its shareholders' investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Solar Industries has a ROE of 29.671%. (Higher is better)

  • Debt to equity ratio: It is a good metric to check out the capital structure along with its performance. Solar Industries has a Debt to Equity ratio of 0.0636 which means that the company has low proportion of debt in its capital.

  • Sales growth: Solar Industries has reported revenue growth of 19.881% which is fair in relation to its growth and performance. 

  • Operating Margin: This will tell you about the operational efficiency of the company. The operating margin of Solar Industries for the current financial year is 24.6176457389041%.

  • Dividend Yield: It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Solar Industries is Rs 10 and the yield is 0.06%.

  • Earnings Per Share: It tells us how much profit is allocated to to each outstanding share of a common stock. The latest EPS of Solar Industries is Rs 135.0093. The higher the EPS, the better it is for investors. 

One can find all the Financial Ratios of Solar Industries in Ticker for free. Also, one can get the intrinsic value of Solar Industries by using Valuation Calculators, which are available with a Finology ONE subscription. 

Solar Industries FAQs

Q1. What is Solar Industries share price today?
Ans: The current share price of Solar Industries is Rs 18210.

Q2. What is the market capitalisation of Solar Industries?
Ans: Solar Industries has a market capitalisation of Rs 164782.390155 Cr., calculated based on its latest share price.

Q3. What are the P/E and P/B ratios of Solar Industries?
Ans: The PE ratio of Solar Industries is 134.879597183305 and the P/B ratio of Solar Industries is 38.9849776173563, showing how the stock is valued against its earnings and book value.

Q4. What is the 52-week high and low of Solar Industries share?
Ans: The 52-week high share price of Solar Industries is Rs 18498, and the 52-week low share price of Solar Industries is Rs 11646.

Q5. Does Solar Industries pay dividends?
Ans: Currently, Solar Industries pays dividends. Dividend yield of Solar Industries is around 0.06%.

Q6. What are the face value and book value of Solar Industries shares?
Ans: The face value of Solar Industries shares is Rs 2, while the book value per share of Solar Industries is around Rs 467.103. Face value is the nominal value set by the company, whereas book value reflects its accounting worth.

Q7. What is the debt of Solar Industries?
Ans: Solar Industries has a total debt of Rs 194.94 Cr., which affects investor sentiment and financial stability. 

Q8. What are the ROE and ROCE of Solar Industries?
Ans: The ROE of Solar Industries is 29.671% and ROCE of Solar Industries is 37.3669%. ROE shows how efficiently the company is generating profit from shareholders’ equity, while the ROCE is reflects how efficiently the company uses its capital to generate returns.

Q9. Is Solar Industries a good buy for the long term?
Ans: The Solar Industries long-term outlook depends on debt levels, earnings growth, and sector trends. If it sustains profits and manages debt well, it may be considered for long-term investment.

Q10. Is Solar Industries undervalued or overvalued?
Ans: Based on valuation ratios like P/E, P/B, and EV/EBITDA, one can analyse whether the Solar Industries appears undervalued or overvalued at current levels. You can check detailed valuation metrics and peer comparisons on Finology Ticker.

Q11. How to check Solar Industries’s financials?
Ans: You can review Solar Industries’s financial statements - including balance sheet, income statement, and quarterly results - on Finology Ticker.

Last Updated on:
Brief about Solar Industries

Solar Industries India Share Price, Stock Analysis & Company Profile

Solar Industries India is one of India’s leading manufacturers of industrial explosives and explosive initiating systems, serving sectors such as mining, infrastructure, and defence. The company has built a strong domestic and international presence through its diversified product portfolio, technological capabilities, and expanding defence business.

Track broader trends in the chemicals and explosives industry and compare Solar Industries India with sector peers here

Stay updated with broader industrial and market movements influencing Solar Industries India share price performance, check the latest stock market insights here.

This page serves as a comprehensive resource for investors to track the Solar Industries India share price on the NSE and BSE, along with essential data required for a detailed stock analysis.

About Solar Industries India

Founded in 1995 and headquartered in Nagpur, Maharashtra, Solar Industries India has emerged as a major player in the industrial explosives and defence manufacturing space. The company initially focused on mining explosives but has steadily diversified into defence products, propellants, and ammunition systems.

Solar Industries supplies products to mining companies, infrastructure projects, and government defence organisations. Its expanding defence segment, along with exports to multiple countries, has strengthened revenue diversification and long-term growth visibility.

The company is known for its integrated manufacturing capabilities, strong distribution network, and continuous investment in research and development.

Solar Industries India Business Model

Solar Industries India operates through a diversified industrial and defence manufacturing business model:

  • Industrial Explosives: The company manufactures bulk explosives, packaged explosives, and initiating systems used in mining, quarrying, and infrastructure projects. This remains the core revenue contributor.
  • Defence Manufacturing: Solar Industries has expanded aggressively into defence production, including rockets, warheads, propellants, and ammunition systems for the Indian armed forces.
  • International Operations: The company exports explosives and related products to several countries and operates manufacturing facilities in overseas markets, supporting global expansion.
  • Research & Development: Solar Industries invests significantly in R&D for advanced explosives, defence technologies, and product innovation to improve operational efficiency and competitiveness.
  • Mining & Infrastructure Demand: The company benefits from rising infrastructure spending, mining activity, and government initiatives focused on defence indigenisation and industrial growth.

Solar Industries India Listing and IPO Details

Solar Industries India is listed on major Indian stock exchanges and is widely tracked among chemicals, explosives, and defence-related stocks.

  • NSE Symbol: SOLARINDS
     
  • BSE Scrip Code: 532725
     
  • Face Value: Rs 2 per share
     
  • ISIN: INE343H01029

Sector Status: 

Solar Industries India operates within the chemicals sector and is often analysed for its explosives business growth, defence order pipeline, and export expansion.

Interested in upcoming industrial and manufacturing IPOs along with new investment opportunities, review the latest IPO listings and details here.

Solar Industries India Corporate Action History

Solar Industries India has maintained a shareholder-friendly capital allocation strategy while continuing to invest in expansion and defence capabilities.

Stock Split History

The company has undertaken stock split actions in the past to improve stock liquidity and retail investor participation.

Dividend History

Solar Industries India has maintained consistent dividend payouts backed by strong earnings growth and healthy cash generation.

  • FY 2023-24: Declared healthy dividend payouts supported by robust operational performance and strong order inflows.
     
  • FY 2022-23: Continued dividend distribution while increasing investments in defence manufacturing and capacity expansion.

Note: Dividend decisions depend on profitability, cash flow generation, and future capital expenditure requirements.

Investor Resources Available on This Page

On this page, investors can access key financial and operational data for a structured Solar Industries India stock analysis:

  • Price Chart: Track the latest trends and historical performance of the Solar Industries India share price.
     
  • Company Ratios: Evaluate important metrics such as Return on Equity (ROE), EBITDA margins, earnings growth, and return ratios.
    Want to compare Solar Industries India with other chemicals and defence-linked companies using key financial metrics, filter and analyse stocks using the advanced screener tool.
     
  • Quarterly Results: Analyse revenue growth, operating margins, defence order execution, and profitability trends.
     
  • Balance Sheet & Cash Flow: Review debt levels, cash flow generation, working capital efficiency, and capital expenditure plans.
     
  • Shareholding Pattern: Track promoter holdings, institutional ownership, and changes in investor participation.
     
  • Pros & Cons: Quick insights into strengths such as strong defence growth potential and export expansion versus risks like commodity cost volatility and regulatory dependency.
     
  • Annual Reports: Download official annual reports and investor disclosures directly from the Reports Section on this page.

Build a deeper understanding of investing strategies and stock evaluation techniques, access curated investor resources and insights here.

Frequently Asked Questions

Q1. What is the latest Solar Industries India share price?
The current share price is displayed at the top of this page. Data from NSE and BSE may be delayed by up to 15 minutes.

Q2. What does Solar Industries India do?
Solar Industries India manufactures industrial explosives, detonators, propellants, and defence-related products for mining, infrastructure, and military applications.

Q3. Does Solar Industries India pay dividends?
Yes, the company has a consistent dividend payout history supported by stable earnings growth and cash generation.

Q4. What is the face value of Solar Industries India shares?
The face value of each equity share is Rs 2.

Q5. Is Solar Industries India a good long-term investment
Solar Industries India is often considered a growth-oriented industrial and defence stock due to its strong market position, expanding defence business, and export opportunities. However, investors should also evaluate risks related to regulation and raw material costs.

Q6. Where can I find the latest Solar Industries India Annual Report?
You can access the latest annual reports and financial disclosures from the Reports or Documents section available on this page.

Q7. Why is the defence segment important for Solar Industries India?
The defence segment provides high-growth opportunities, improves revenue diversification, and supports long-term order visibility through government defence manufacturing initiatives.

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