Solar Industries India Ltd (SOLARINDS)
₹18,494.00
Mkt cap
₹1.67L Cr
P/E ratio
96.00
P/B
26.65
Div yield
0.06%
ROE
32.60%
ROCE
38.10%
EPS (TTM)
₹192.65
Book value
₹694
52W range
11,772–19,045
Sector
Commodities
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]
Health check
Constructive
ValuationExpensive
ProfitabilityStrong
GrowthHigh
TechnicalsBullish
52-week range
−2.89% from high₹18,494
₹11,772+57.10% from low₹19,045
Current
₹18,494.00
Prev close
₹18,519.00
Day
−0.13%
Price performance
1D
−0.13%
1W
−2.81%
1M
+6.12%
3M
+22.83%
6M
+46.82%
1Y
+22.10%
YTD
+49.92%
Financials
FRevenue, profit & margin
P/E ratio
96.0×
SOLARINDS is 127% above the sector median of 42.3×
SOLARINDS96.0×
Sector median42.3×
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,929 | 1,682 | 1,347 | 1,429 | 1,611 | 1,685 | 1,716 | 1,973 | 2,167 | 2,154 | 2,082 | 2,548 | 3,053 | |
| Expenses | 1,571 | 1,359 | 1,012 | 1,074 | 1,257 | 1,235 | 1,271 | 1,447 | 1,629 | 1,620 | 1,530 | 1,840 | 2,227 | |
| Operating Profit | 357 | 323 | 335 | 355 | 354 | 449 | 445 | 527 | 537 | 535 | 552 | 708 | 826 | |
| OPM % | 19% | 19% | 25% | 25% | 22% | 27% | 26% | 27% | 25% | 25% | 26% | 28% | 27% | |
| Other Income | 11 | 8 | 8 | 11 | 20 | 26 | 36 | 10 | 7 | 29 | 29 | 25 | 46 | |
| Interest | 31 | 25 | 25 | 28 | 32 | 27 | 30 | 31 | 29 | 27 | 31 | 34 | 41 | |
| Depreciation | 35 | 34 | 34 | 39 | 37 | 40 | 44 | 47 | 50 | 56 | 61 | 63 | 71 | |
| Profit before tax | 302 | 272 | 285 | 299 | 305 | 408 | 407 | 459 | 464 | 481 | 490 | 636 | 759 | |
| Tax % | 27% | 26% | 27% | 26% | 21% | 26% | 25% | 26% | 25% | 27% | 26% | 27% | 27% | |
| Net Profit | 221 | 202 | 209 | 222 | 243 | 301 | 304 | 338 | 346 | 353 | 361 | 467 | 556 | |
| EPS in Rs | 22.78 | 21.82 | 22.12 | 22.47 | 25.98 | 31.66 | 31.59 | 34.80 | 35.61 | 37.43 | 38.12 | 49.31 | 60.52 | |
| Raw PDF |
Earnings
EResults 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 +0.35% · closed higher next day 26 of last 57
| Q1FY24 | Q2FY24 | Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25 | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 3 Aug '23◦ | 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 |
| Earnings day | +1.42% | +4.87% | +0.03% | +8.24% | +0.33% | +3.31% | −5.58% | +5.21% | −2.91% | −1.22% | +4.50% | +3.89% |
| +1 day | +2.16% | +5.02% | −0.26% | +8.16% | +0.92% | +0.39% | −5.88% | +11.26% | −0.03% | +1.58% | +2.83% | +8.12% |
| +5 days | +7.26% | +14.78% | −2.06% | +20.57% | −0.22% | +2.82% | −8.77% | +19.45% | +0.41% | +2.48% | +1.70% | +8.80% |
| +15 days | +28.75% | +25.35% | −2.58% | +11.99% | +2.19% | +13.16% | −9.77% | +22.97% | −5.89% | −2.39% | +0.61% | +8.69% |
| +30 days | +21.47% | +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
CLast 6 months| Kind | Value | Ex-date | Record |
|---|---|---|---|
| dividend Dividend - Rs 11 Per Share | 11.00 | 28 Jul '26 | 28 Jul '26 |
Shareholding
Sas of Jun 202673.15%Promoter
Promoters73.15%
FIIs6.39%0.20
DIIs13.36%0.47
Public7.10%0.25
Ownership trend
Peers
P5 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 | ₹18,494.00 | 96.00 | 1,67,466 | 0.06% | 556 | +69.95% | 3,053 | +40.90% | 38.08% |
| Prem. Explosives | ₹662.10 | 71.75 | 3,562 | 0.08% | 7 | +75.94% | 89 | +20.42% | 22.63% |
| GOCL Corpn. | ₹396.55 | 7.29 | 1,963 | 2.52% | 75 | +118.14% | 2 | −21.81% | 13.09% |
| Keltech Energies | ₹7,872.05 | 32.05 | 787 | 0.02% | 8 | −11.48% | 143 | +2.29% | 20.41% |
| Beezaasan Exp. | ₹370.00 | 42.25 | 561 | 0.00% | 5 | −0.20% | 111 | −2.15% | 12.21% |
| Median: 5 Co. | ₹662.10 | 42.25 | 1,963 | 0.06% | 8 | +69.95% | 111 | +2.29% | 20.41% |
Filings
DAnnual reports15
Financial Year 2026bseFinancial Year 2025bseFinancial Year 2024bseFinancial Year 2023bseFinancial Year 2022bseFinancial Year 2021bseFinancial Year 2020bseFinancial Year 2019bseFinancial Year 2018bseFinancial Year 2017bseFinancial Year 2016bseFinancial Year 2015bseFinancial Year 2014bseFinancial Year 2013bseFinancial Year 2012bse
Concall transcripts77
TranscriptMay 2026PPTMay 2026RECMay 2026TranscriptFeb 2026PPTFeb 2026RECFeb 2026TranscriptNov 2025PPTNov 2025TranscriptSep 2025TranscriptAug 2025PPTAug 2025RECAug 2025TranscriptMay 2025PPTMay 2025RECMay 2025TranscriptFeb 2025PPTFeb 2025RECFeb 2025TranscriptNov 2024PPTNov 2024TranscriptAug 2024PPTAug 2024TranscriptMay 2024PPTMay 2024
Credit ratings6
Announcements5
Announcement under Regulation 30 (LODR)-Newspaper Publication 21 Jul - Newspaper clippings- 31st Annual General Meeting, Information on E-voting, Record Date and Final DividendLetter To The Shareholders - Annual Report FY 2025-26 21 Jul - 31st AGM scheduled for August 11, 2026; annual report FY2025-26 web link shared.Reg. 34 (1) Annual Report. 20 Jul - Integrated annual report filed; AGM on Aug 11, 2026; record date July 28, 2026 for final dividend.Integrated Annual Report For The Financial Year 2025-26 Including Notice Convening The 31St Annual General Meeting (AGM) And Intimation Of Record Date. 20 Jul - FY2025-26 annual report filed; AGM on Aug 11, 2026; record date Jul 28 for final dividend.Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Jul - Newspaper clippings- 31st Annual General Meeting, Information on E-voting and Record Date