Solar Industries India Ltd (SOLARINDS)
₹18,800.00
Mkt cap
₹1.70L Cr
P/E ratio
85.40
P/B
27.09
Div yield
0.06%
ROE
32.60%
ROCE
38.10%
EPS (TTM)
₹220.14
Book value
₹694
52W range
11,646–22,700
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
ValuationFair
ProfitabilityStrong
GrowthHigh
TechnicalsNeutral
52-week range
−17.18% from high₹18,800
₹11,646+61.43% from low₹22,700
Current
₹18,800.00
Prev close
₹19,430.00
Day
−3.24%
Price performance
1D
−3.24%
1W
+2.37%
1M
+0.80%
3M
+4.14%
6M
+22.26%
1Y
+34.08%
YTD
+52.40%
Financials
Revenue, profit & margin
P/E ratio
85.4×
SOLARINDS is 11% above the sector median of 76.8×
SOLARINDS85.4×
Sector median76.8×
| 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 & reactionsNext results
3 Nov '26
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% | +5.42% |
| 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 Sep 202673.15%Promoter
Promoters73.15%
FIIs6.13%0.26
DIIs13.55%0.19
Public7.15%0.05
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 |
|---|---|---|---|---|---|---|---|---|---|
| Solar Industries | ₹18,800.00 | 85.43 | 1,70,121 | 0.06% | 666 | +92.66% | 3,668 | +70.26% | 38.08% |
| Prem. Explosives | ₹557.35 | 87.10 | 2,996 | 0.09% | 3 | −83.36% | 103 | −27.85% | 22.96% |
| Keltech Energies | ₹16,689.10 | 63.75 | 1,669 | 0.01% | 8 | −1.58% | 183 | +27.76% | 20.41% |
| GOCL Corpn. | ₹308.40 | 5.50 | 1,529 | 9.73% | 41 | +46.39% | 4 | +85.14% | 6.98% |
| Beezaasan Exp. | ₹671.95 | 76.84 | 1,018 | 0.00% | 5 | −0.20% | 111 | −2.15% | 12.20% |
| Median: 5 Co. | ₹671.95 | 76.84 | 1,669 | 0.06% | 8 | −0.20% | 111 | +27.76% | 20.41% |
Filings
Annual reports15
Concall transcripts80
TranscriptSep 2026RECSep 2026PPTAug 2026TranscriptMay 2026PPTMay 2026RECMay 2026TranscriptFeb 2026PPTFeb 2026RECFeb 2026TranscriptNov 2025PPTNov 2025TranscriptSep 2025TranscriptAug 2025PPTAug 2025RECAug 2025TranscriptMay 2025PPTMay 2025RECMay 2025TranscriptFeb 2025PPTFeb 2025RECFeb 2025TranscriptNov 2024PPTNov 2024TranscriptAug 2024
Credit ratings6
Announcements5
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 28 Oct - Intimation of Conference Call under SEBI (LODR) Regulations, 2015.Board Meeting Intimation for Meeting Of The Board. 27 Oct - Board meets November 3, 2026 to approve Q2 and half-year FY2027 unaudited results; trading window closes till November 5.Announcement under Regulation 30 (LODR)-Acquisition 15 Oct - Subsidiary Solar Explochem will acquire 100% of Sivasakthi Industrial Explosives for ₹115.02 crore within 12 months.Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Oct - Regulation 74(5) certificate for quarter ended September 30, 2026 filed.Announcement under Regulation 30 (LODR)-Acquisition 29 Sep - Step-down subsidiary Solar Explochem Proprietary Limited incorporated in Botswana on September 29, 2026; USD 325,000 subscribed for 65% stake.