Solar Industries India Ltd (SOLARINDS)
₹22,455.00
Mkt cap
₹1.98L Cr
P/E ratio
99.70
P/B
32.36
Div yield
0.05%
ROE
32.60%
ROCE
38.10%
EPS (TTM)
₹225.23
Book value
₹694
52W range
11,772–22,455
Sector
Commodities
Price history
Previous close
Solar Industries is one of the largest domestic manufacturers of bulk and cartridge explosives, detonators, detonating cords and components which find applications in the mining, infrastructure and construction industries. Company manufactures high-energy explosives, delivery systems, ammunition filling and pyros fuses for the defence sector. [1]
NSE SOLARINDSBSE 532725
Health check
Constructive
ValuationExpensive
ProfitabilityStrong
GrowthHigh
TechnicalsBullish
52-week range
0.00% from high₹22,455
₹11,772+90.75% from low₹22,455
Current
₹22,455.00
Prev close
₹21,950.00
Day
+2.30%
Price performance
1D
+2.30%
1W
+11.94%
1M
+19.31%
3M
+26.89%
6M
+53.06%
1Y
+60.19%
YTD
+82.03%
Financials
Revenue, profit & margin
P/E ratio
99.7×
SOLARINDS is 62% above the sector median of 61.7×
SOLARINDS99.7×
Sector median61.7×
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,682 | 1,347 | 1,429 | 1,611 | 1,685 | 1,716 | 1,973 | 2,167 | 2,154 | 2,082 | 2,548 | 3,053 | 3,668 | |
| Expenses | 1,359 | 1,012 | 1,074 | 1,257 | 1,235 | 1,271 | 1,447 | 1,629 | 1,620 | 1,530 | 1,840 | 2,227 | 2,653 | |
| Operating Profit | 323 | 335 | 355 | 354 | 449 | 445 | 527 | 537 | 535 | 552 | 708 | 826 | 1,015 | |
| OPM % | 19% | 25% | 25% | 22% | 27% | 26% | 27% | 25% | 25% | 26% | 28% | 27% | 28% | |
| Other Income | 8 | 8 | 11 | 20 | 26 | 36 | 10 | 7 | 29 | 29 | 25 | 46 | 17 | |
| Interest | 25 | 25 | 28 | 32 | 27 | 30 | 31 | 29 | 27 | 31 | 34 | 41 | 41 | |
| Depreciation | 34 | 34 | 39 | 37 | 40 | 44 | 47 | 50 | 56 | 61 | 63 | 71 | 80 | |
| Profit before tax | 272 | 285 | 299 | 305 | 408 | 407 | 459 | 464 | 481 | 490 | 636 | 759 | 911 | |
| Tax % | 26% | 27% | 26% | 21% | 26% | 25% | 26% | 25% | 27% | 26% | 27% | 27% | 27% | |
| Net Profit | 202 | 209 | 222 | 243 | 301 | 304 | 338 | 346 | 353 | 361 | 467 | 556 | 666 | |
| EPS in Rs | 21.82 | 22.12 | 22.47 | 25.98 | 31.66 | 31.59 | 34.80 | 35.61 | 37.43 | 38.12 | 49.31 | 60.52 | 72.11 | |
| Raw PDF |
Earnings
Results dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move +0.38% · closed higher next day 27 of last 58
| Q2FY24 | Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25 | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 3 Nov '23 | 8 Feb '24 | 17 May '24 | 7 Aug '24 | 14 Nov '24 | 6 Feb '25 | 20 May '25◦ | 7 Aug '25◦ | 10 Nov '25 | 3 Feb '26 | 15 May '26 | 13 Aug '26 |
| Earnings day | +4.87% | +0.03% | +8.24% | +0.33% | +3.31% | −5.58% | +5.21% | −2.91% | −1.22% | +4.50% | +3.89% | +8.51% |
| +1 day | +5.02% | −0.26% | +8.16% | +0.92% | +0.39% | −5.88% | +11.26% | −0.03% | +1.58% | +2.83% | +8.12% | +6.62% |
| +5 days | +14.78% | −2.06% | +20.57% | −0.22% | +2.82% | −8.77% | +19.45% | +0.41% | +2.48% | +1.70% | +8.80% | +5.50% |
| +15 days | +25.35% | −2.58% | +11.99% | +2.19% | +13.16% | −9.77% | +22.97% | −5.89% | −2.39% | +0.61% | +8.69% | +14.79% |
| +30 days | +27.14% | +34.94% | +21.67% | +6.68% | +0.98% | +12.60% | +25.58% | −4.57% | −7.02% | +3.79% | +12.19% | — |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
Last 6 months| Kind | Value | Ex-date | Record |
|---|---|---|---|
| dividend Dividend - Rs 11 Per Share | 11.00 | 28 Jul '26 | 28 Jul '26 |
Shareholding
as of Jun 202673.15%Promoter
Promoters73.15%
FIIs6.39%0.20
DIIs13.36%0.47
Public7.10%0.25
Ownership trend
Peers
5 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| SOLARINDS | ₹21,950.00 | 99.67 | 1,98,487 | 0.05% | 666 | +92.66% | 3,668 | +70.26% | 38.08% |
| PREMEXPLN | ₹663.25 | 103.72 | 3,568 | 0.08% | 3 | −83.36% | 103 | −27.85% | 22.63% |
| GOCLCORP | ₹436.95 | 8.10 | 2,165 | 6.87% | 40 | −5.92% | 4 | +26.55% | 6.98% |
| KELENRG | ₹12,289.60 | 46.94 | 1,229 | 0.01% | 8 | −1.58% | 183 | +27.76% | 20.41% |
| BEEZAASAN | ₹539.65 | 61.71 | 818 | 0.00% | 5 | −0.20% | 111 | −2.15% | 12.20% |
| Median: 5 Co. | ₹663.25 | 61.71 | 2,165 | 0.05% | 8 | −1.58% | 111 | +26.55% | 20.41% |
Filings
Annual reports15
Annual Report 2026bseAnnual Report 2025bseAnnual Report 2024bseAnnual Report 2023bseAnnual Report 2022bseAnnual Report 2021bseAnnual Report 2020bseAnnual Report 2019bseAnnual Report 2018bseAnnual Report 2017bseAnnual Report 2016bseAnnual Report 2015bseAnnual Report 2014bseAnnual Report 2013bseAnnual Report 2012bse
Concall transcripts78
PPTAug 2026TranscriptMay 2026PPTMay 2026RECMay 2026TranscriptFeb 2026PPTFeb 2026RECFeb 2026TranscriptNov 2025PPTNov 2025TranscriptSep 2025TranscriptAug 2025PPTAug 2025RECAug 2025TranscriptMay 2025PPTMay 2025RECMay 2025TranscriptFeb 2025PPTFeb 2025RECFeb 2025TranscriptNov 2024PPTNov 2024TranscriptAug 2024PPTAug 2024TranscriptMay 2024
Credit ratings6
Announcements5
Announcement under Regulation 30 (LODR)-Credit Rating 4 Sep - ICRA reaffirmed [ICRA]A1+ rating on Solar Industries' ₹500 crore commercial paper.Rumour verification - Regulation 30(11) 3 Sep - Solar Industries denied speculative media reports; no undisclosed material information or regulatory proceedings.Clarification sought from Solar Industries India Ltd 3 Sep - Exchange has sought clarification from Solar Industries India Ltd on September 03, 2026, with reference to news appeared in https://www.moneycontrol.com/ dated September 03, 2026 quoting …Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Aug - Submission of Newspaper Clippings for the unaudited financial results for the quarter ended on June 30, 2026Announcement under Regulation 30 (LODR)-Press Release / Media Release 13 Aug - Q1 FY27 revenue rose 70% to ₹3,668 crore; PAT up 89%, order book ₹21,350 crore.