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Solar Industries India Ltd logo

Solar Industries India Ltd

NSE: SOLARINDS BSE: 532725

12076

(-2.75%)

Fri, 03 Apr 2026, 02:59 pm

Solar Industries India Share Price Live Chart

1 Day

0 (0%)

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Summary

  • Market Cap

    118582.24

  • Net Profit

    1287.93

  • P/B

    23.20

  • Sector P/E

    42.49

  • P/E

    84.12

  • EV/EBITDA

    50.07

  • Debt/Equity (Industry)

    0.38

  • Interest Cover (Industry)

    19.92

  • ROCE (Industry)

    24.81

  • RONW (Industry)

    24.08

  • ROE

    33.49

  • ROCE

    34.41

  • Debt/Equity

    0.27

  • EPS (TTM)

    160.48

  • Dividend Yield

    0.08

  • Book Value

    565.36

  • Interest Cover

    15.92

Analysis

all

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Pros

  • Dividends per share have increased over the past 10 years.
  • Dividends paid are well covered by earnings (4.6x coverage).
  • Dividends after 3 years are expected to be well covered by earnings (6.4x coverage).
  • Dividends per share have been stable in the past 10 years.
  • Cash flow for Solar Industries India is expected to increase by more than 50% in 2 years time.
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Cons

  • Solar Industries India's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.76%).
  • Solar Industries India's dividend is below the markets top 25% of dividend payers in India (3.08%).
  • Solar Industries India's earnings are expected to grow by 13.1% yearly, however this is not considered high growth (20% yearly).
  • Solar Industries India's earnings growth is positive but not above the India market average.
  • Solar Industries India's net income is expected to increase but not above the 50% threshold in 2 years time.

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Financials

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Ratios

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Shareholding

ShareholdersDEC 2025SEPT 2025JUN 2025MAR 2025DEC 2024
Promoters73.1573.1573.1573.1573.15
FII6.747.116.795.827.23
DII12.9112.8913.5914.1112.79
Public7.216.856.486.926.83
Government0.000000

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Technical Analysis

RSI

47.28

MACD

-293.56

50 DMA

13446.48

200 DMA

14019.89

Support and Resistance

TypeR3R2R1PPS1S2S3
Classic20369.3316793.3314434.6713217.3310858.679641.336065.33
Fibonacci16793.3315427.3014583.3713217.3311851.3011007.379641.33
Camarilla13059.4012731.6012403.8013217.3311748.2011420.4011092.60

Pivots Level: Classic

R3

+7152.00

20369.33

R2

+3576.00

16793.33

R1

+1217.33

14434.67

13217.33
13217.33
Pivot Point
LTP: 13109

S1

-2358.67

10858.67

S2

-3576

9641.33

S3

-7152

6065.33

Moving Average

SMAEMA

Period

Value

  • 10-EMA

    12945.74

  • 20-EMA

    13244.15

  • 30-EMA

    13345.24

  • 50-EMA

    13370.73

  • 100-EMA

    13407.62

  • 200-EMA

    13304.97

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Corporate Actions

Announcement DatePurposeActionEx Date
03 Feb 2026board-meetingsQuarterly Results
08 Jun 2025dividendFinal Dividend - Rs. - 1008 Jul 2025
20 May 2025agm
20 May 2025dividend₹10.00 Dividend /Share08 Jul 2025
04 Jun 2024dividendAnnual General Meeting/Dividend - Rs 8.50 Per Share05 Jul 2024
16 May 2024agm
16 May 2024dividend₹8.50 Dividend /Share04 Jul 2024
09 May 2023dividendAnnual General Meeting/Dividend - Rs 8 Per Share10 Jun 2023
03 May 2023agm
03 May 2023dividend₹8.00 Dividend /Share09 Jun 2023

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Peer Comparison

Solar Industries India Ltd logo

Solar Industries India Ltd

Bharat Electronics Ltd logo

Bharat Electronics Ltd

ITI Ltd logo

ITI Ltd

Hindustan Aeronautics Ltd logo

Hindustan Aeronautics Ltd

Cochin Shipyard Ltd logo

Cochin Shipyard Ltd

Mazagon Dock Shipbuilders Ltd logo

Mazagon Dock Shipbuilders Ltd

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Solar Industries India Ltd About

Solar Industries India is primarily involved in manufacturing of complete range of industrial explosives and explosive initiating devices. It manufactures various types of packaged emulsion explosives, bulk explosives and explosive initiating systems.

Industry

Chemicals

Founded

1995

Headquarters

CEO

Satyanarayan Nuwal

Employees

Contact

Website icon

Website

http://www.solargroup.com

Email icon

Email

solar@solargroup.com; investor.relations@solargrou

Phone icon

Phone

91-0712-2561000/2560010/6681888

Location icon

Location

Solar House 14 Kachimet, Amravati Road, Nagpur, Maharashtra, 440023

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Solar Industries India Ltd Company History

YearHistory
2016
  • The Company has bagged an order from Singareni Collieries Company Limited (SCCL) for the supply of 163911.20 MT Explosives worth Rs. 443.44 crore for the financial year 2016-17 and 2017-18.
2017
  • Solar Industries India bagged a Rs 1,143-crore contract from Coal India for supply of bulk explosives.
2018
  • Solar Industries India Ltd partners Eurenco for major artillery tender
2023
  • Solar Ranked among the Top 5 global explosives companies.
  • Solar became the first Private Sector company to deliver 100% indigenous 30mm ammunition to the Indian Navy.
2024
  • Indian Navy successfully tests indigenously developed explosives.

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Deals

Client NameOrder SideQTYAvg PriceDate
SBI MUTUAL FUNDBuy455609310026 Oct 2015
OMAN INDIA JOINT INVESTMENT FUNDSell7741953100.4226 Oct 2015
KOTAK MAHINDRA MUTUAL FUND KOTAK SELECT FOCUS FUNDBuy103500310026 Oct 2015
ANUJ SHANTILAL BADJATESell99699849.8223 Feb 2012
BIRLA MUTUAL FUND AC BIRLA SPECIAL SITUATIONS FUNDBuy110000255.4210 Jun 2009
NOTZ STUCKI ET CIE S A A/C. ARUNA FUNDSell416492255.1610 Jun 2009
BIRLA MUTUAL FUND AC BIRLA MIDCAP FUNDBuy205000255.4210 Jun 2009
BIRLA MUTUAL FUND AC INDIA ADVANTAGE OFFSHORE FUNDBuy100000255.4210 Jun 2009
HDFC TRUSTEE CO LTD AC HDFC GROWTH FUNDBuy19974720517 Apr 2009
NOTZ STUCKI ET CIE S A AC ARUNA FUNDSell200000205.0217 Apr 2009

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Solar Industries India Ltd News

Solar Industries Promoters Transfer Shares via Gift

Solar Industries India Limited promoters Kailash Chandra Nuwal and Indira Kailashchandra Nuwal transferred their entire shareholdings totaling 26.45 million shares worth ₹5.29 crore to family trust through gift transactions.

02 Apr 2026

companies

Solar Industries Director Completes Tenure

Solar Industries India Limited announces completion of Shri Dinesh Kumar Batra's tenure as Non-Executive Independent Director effective March 31, 2026, marking end of his first term with the company.

01 Apr 2026

companies

Solar Industries Appoints New Independent Director

Solar Industries India Limited appointed Shri Kirit Ramesh Kamdar as Additional Director (Non-Executive Independent Director) for a 5-year term effective April 01, 2026, following Board approval.

31 Mar 2026

companies

Elara Capital Initiates Buy on Solar Industries

Elara Capital initiates coverage on Solar Industries India with Buy rating and Rs 15,450 target price, citing strong growth outlook with 25% revenue CAGR and rapid defence expansion.

25 Mar 2026

investment-ideas

Solar Industries Redeems Rs 100 Crore Commercial Paper

Solar Industries India Limited successfully redeemed its Rs 100 crore Commercial Paper on the due date of March 23, 2026, fulfilling its payment obligation to Kotak Mahindra Bank Limited.

23 Mar 2026

companies

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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800