Solar Industries

Solar Industries

14,110.00
-129.00
(-0.91%)
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Key Fundamentals
Add Ratio
Market Cap
1,27,681.50 Cr
EPS
133.65
PE Ratio
101.20
Dividend Yield
0.07 %
52 Week High
17,820.00
52 Week Low
8,482.50
PB Ratio
29.11
Debt to Equity
0.27
Analyst Rating and Forecast
- By Refinitiv from8 analysts
BUY
Analysts have suggested that investors can buy this stock
Buy
Buy+62.50 %
+62.50 %
Hold
Hold+37.50 %
+37.50 %
Sell
Sell0.0 %
0.0 %
Forecast For
Actual

Company News

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positive
Solar Industries Secures INR 483 Crore Bulk Explosives Contract3 days ago
Solar Industries India Limited has received an order worth INR 483 crore from South Eastern Coalfields Limited for the delivery of bulk explosives over a two-year period.
positive
Solar Industries India Completes Interest Payment and Partial Redemption of 50 NCDsSep 23, 2025
Solar Industries India Limited made a quarterly interest payment of ₹18,60,164.39 (net of TDS) on September 23, 2025, for its Non-Convertible Debentures with ISIN INE343H08016. The company also completed partial redemption of 50 NCDs worth ₹5 crores on the same date. The debenture issue has a total size of ₹60 crores, with ₹5 crores remaining outstanding after the redemption. The gross interest amount was ₹20,66,849.32 before TDS deduction of ₹2,06,684.93. The redemption was conducted on a lot basis by quantity at maturity.
positive
Solar Industries India Completes Interest Payment and Partial Redemption of 292 NCDs Worth Rs 2.92 CroresSep 22, 2025
Solar Industries India Limited made timely payment of interest and principal for partial redemption of 292 Non-convertible Debentures. The company paid quarterly interest of Rs 42.37 lakh (net Rs 38.14 lakh after 10% TDS) on September 22, 2025, for NCDs with ISIN INE343H08024 having an issue size of Rs 35 crores. The partial redemption was conducted on a lot basis for maturity reasons, with 292 NCDs redeemed for Rs 2.92 crores, leaving an outstanding amount of Rs 17.50 crores. The interest payment record date was September 5, 2025, with the last interest payment made on June 20, 2025.
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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
4,832.90
#1 3,23,212.30
#1 38.92
#1 33,542.60
3.92
#1 8,364
-3.71
58.46
413.50
3,02,259.40
54.95
24,511.10
17.06
5,287
22.46
61.01
14,110.00
#3 1,27,681.50
#9 101.20
#4 7,611.10
#5 24.49
#4 1,288
#6 17.34
49.47
2,870.10
1,15,774.10
53.37
12,553.10
18.78
2,277
-35.05
51.82
1,537.10
56,344.30
100.42
3,695.50
35.31
550
#1 155.56
49.25
2,660.00
30,470.80
54.38
5,410.50
39.01
527
37.84
52.92
2,805.30
15,705.20
73.19
113.70
2.06
4
-22.26
56.75
1,419.00
12,812.20
51.02
1,032.00
#1 126.91
299
-33.21
40.02
317.50
10,589.70
159.57
565.00
51.27
56
110.71
52.23
1,090.60
10,354.70
63.70
1,068.70
16.10
154
126.39
52.08
Growth Rate
Revenue Growth
24.49 %
Net Income Growth
47.15 %
Cash Flow Change
75.50 %
ROE
11.16 %
ROCE
0.60 %
EBITDA Margin (Avg.)
15.44 %

Quarterly Financial Results

Quarterly Financials
Mar 2015
Jun 2015
Sept 2015
Dec 2015
Mar 2016
Jun 2016
Sept 2016
Dec 2016
Mar 2017
Jun 2017
Sept 2017
Dec 2017
Mar 2018
Jun 2018
Sept 2018
Dec 2018
Mar 2019
Jun 2019
Sept 2019
Dec 2019
Mar 2020
Jun 2020
Sept 2020
Dec 2020
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Revenue
389
387
332
383
416
406
317
426
447
469
412
468
579
622
525
656
676
626
512
573
567
495
589
659
794
826
799
1,025
1,318
1,624
1,571
1,819
1,940
1,690
1,355
1,440
1,631
1,711
1,751
1,984
2,173
2,184
Expenses
324
313
262
304
325
316
248
345
350
365
321
361
457
487
414
532
537
496
400
450
458
399
461
514
627
651
656
840
1,054
1,333
1,268
1,462
1,571
1,359
1,012
1,074
1,257
1,235
1,271
1,447
1,630
1,620
EBITDA
65
74
70
79
91
90
70
82
96
104
91
107
122
136
111
125
139
130
113
123
110
96
128
146
167
176
143
185
264
292
303
357
369
331
343
366
374
476
480
537
544
564
Operating Profit %
16 %
18 %
21 %
20 %
21 %
22 %
21 %
18 %
21 %
22 %
21 %
22 %
21 %
21 %
21 %
19 %
20 %
20 %
21 %
20 %
16 %
19 %
21 %
20 %
21 %
21 %
17 %
17 %
20 %
18 %
19 %
19 %
19 %
19 %
25 %
25 %
22 %
27 %
26 %
27 %
25 %
25 %
Depreciation
11
8
8
8
9
9
10
10
10
13
13
14
12
14
15
15
15
20
21
22
22
23
24
24
23
25
27
27
30
31
30
32
35
34
34
39
37
40
44
47
51
56
Interest
3
4
6
5
6
7
7
7
6
6
8
11
8
12
13
15
11
12
14
14
14
12
12
11
11
10
12
13
15
14
19
26
31
25
25
28
32
28
30
31
29
27
Profit Before Tax
53
63
57
67
77
74
53
65
80
86
70
83
101
110
83
95
113
99
78
87
73
61
92
110
134
140
104
144
219
247
254
299
302
272
285
299
305
408
407
459
464
481
Tax
11
17
16
22
32
24
13
16
24
26
22
25
33
37
28
22
38
25
-9
22
20
17
25
29
39
39
29
39
44
64
65
80
81
71
76
77
63
108
103
122
118
128
Net Profit
42
46
41
45
46
50
39
50
56
60
48
58
68
73
55
74
75
74
87
65
53
44
68
81
95
101
75
105
175
183
189
219
221
202
209
222
243
301
304
338
346
353
EPS in ₹
22.16
23.01
19.55
22.94
26.64
20.84
4.08
5.26
5.96
6.62
5.33
5.98
7.28
8.06
5.74
7.58
7.91
7.86
9.32
6.85
5.52
4.65
7.20
8.62
10.06
10.78
8.15
11.28
18.55
18.81
19.49
22.61
22.78
21.82
22.12
22.47
25.98
31.66
31.59
34.80
35.61
37.43

Balance Sheet

Balance Sheet
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Total Assets
1,389
1,514
1,727
1,995
2,282
2,532
3,030
3,724
5,036
5,737
8,261
Fixed Assets
585
703
777
923
1,043
1,209
1,288
1,493
1,702
2,028
2,692
Current Assets
610
649
732
817
962
984
1,226
1,661
2,501
2,648
4,123
Capital Work in Progress
61
30
91
107
178
165
293
230
282
490
707
Investments
30
40
53
17
33
2
1
18
99
370
676
Other Assets
714
740
806
947
1,029
1,157
1,448
1,983
2,954
2,850
4,186
Total Liabilities
1,389
1,514
1,727
1,995
2,282
2,532
3,030
3,724
5,036
5,737
8,261
Current Liabilities
365
448
527
566
725
732
819
1,118
1,632
1,501
2,114
Non Current Liabilities
202
212
232
298
272
369
568
592
653
809
1,611
Total Equity
823
853
969
1,131
1,286
1,432
1,642
2,015
2,751
3,427
4,537
Reserve & Surplus
758
787
911
1,066
1,220
1,362
1,561
1,896
2,592
3,288
4,368
Share Capital
18
18
18
18
18
18
18
18
18
18
18

Cash Flow

Cash Flow
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Net Cash Flow
-96
11
1
27
9
32
77
-85
160
14
332
Investing Activities
-149
-141
-170
-174
-254
-260
-253
-338
-614
-1,022
-1,660
Operating Activities
231
243
118
254
314
325
357
298
657
1,406
2,468
Financing Activities
-177
-92
53
-53
-52
-34
-26
-45
118
-370
-476

Share Holding

% Holding
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Promoter
73.15 %
73.15 %
73.15 %
73.15 %
73.15 %
73.15 %
73.15 %
73.15 %
73.15 %
73.15 %
73.15 %
73.15 %
73.15 %
73.15 %
73.15 %
73.15 %
73.15 %
73.15 %
FIIs
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
6.10 %
7.57 %
7.53 %
7.23 %
5.82 %
6.79 %
DIIs
16.84 %
16.66 %
16.19 %
15.36 %
15.01 %
14.46 %
14.27 %
14.46 %
14.32 %
15.02 %
14.92 %
14.78 %
14.53 %
12.74 %
12.68 %
12.79 %
14.11 %
13.59 %
Government
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
Public / Retail
3.38 %
3.38 %
3.53 %
3.86 %
3.91 %
4.01 %
4.15 %
4.23 %
4.43 %
4.53 %
4.29 %
4.44 %
4.74 %
4.98 %
5.06 %
5.20 %
5.23 %
4.75 %
Others
6.63 %
6.82 %
7.14 %
7.63 %
7.93 %
8.38 %
8.43 %
8.17 %
8.10 %
7.31 %
7.64 %
7.64 %
1.48 %
1.58 %
1.59 %
1.64 %
1.70 %
1.73 %
No of Share Holders
14,517
17,497
25,070
33,496
28,759
31,872
39,409
49,247
51,943
51,199
50,103
57,926
64,377
72,853
78,402
83,959
95,380
97,712

Dividend History

Annual Cash Flows 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Dividend Per Share (₹) 0.00 5 6 7 6 6 7.5 8 8.5 10
Dividend Yield (%) 0.00 0.47 0.55 0.77 0.47 0.21 0.2 0.09 0.08 0.07

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
21 Aug 2021 DIVIDEND Dividend
₹ 6.00 /share
18 Aug 2021 1,326.95 1,671.65
31 May 2022 DIVIDEND Dividend
₹ 7.50 /share
27 May 2022 2,918.95 2,707.80
09 Jun 2023 DIVIDEND Dividend
₹ 8.00 /share
09 Jun 2023 3,823.50 3,888.60
04 Jul 2024 DIVIDEND Dividend
₹ 8.50 /share
04 Jul 2024 8,352.85 11,468.60
18 Jul 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
18 Jul 2024 8,352.85 11,780.95
13 Nov 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
13 Nov 2024 10,008.90 10,019.70
05 Feb 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
05 Feb 2025 9,575.45 9,749.75
20 May 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
20 May 2025 13,490.70 13,702.60
08 Jul 2025 DIVIDEND Dividend
₹ 10.00 /share
08 Jul 2025 13,702.60 16,717.00
22 Jul 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
22 Jul 2025 13,702.60 14,926.00
07 Aug 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
07 Aug 2025 14,471.40 15,014.00

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 20183 days ago
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order3 days ago
Closure of Trading WindowSep 26, 2025
Compliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD Sep 23, 2025
Compliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD Sep 22, 2025
Announcement under Regulation 30 (LODR)-CessationSep 20, 2025
Announcement under Regulation 30 (LODR)-Change in DirectorateSep 17, 2025
Announcement under Regulation 30 (LODR)-Change in DirectorateSep 17, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptSep 05, 2025
Intimation Of An Explosion Incident Which Occurred In The Factory Situated At Chakdoh Nagpur (Maharastra)Sep 04, 2025
Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.Aug 30, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 11, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 08, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 08, 2025
Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations 2015Aug 07, 2025
Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations 2015Aug 07, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 07, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationAug 07, 2025
Board Meeting Outcome for Outcome Of The Board Meeting Dated August 7 2025.Aug 07, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 02, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 02, 2025
Board Meeting Intimation for Meeting Of Board Of DirectorsJul 31, 2025
Shareholder Meeting / Postal Ballot-Scrutinizers ReportJul 24, 2025
Shareholder Meeting / Postal Ballot-Outcome of AGMJul 22, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 08, 2025
Closure of Trading WindowJun 30, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 28, 2025
Integrated Annual Report For The Financial Year 2024-25 Including Notice Convening 30Th Annual General Meeting (AGM) And Intimation Of Record Date.Jun 27, 2025
Business Responsibility and Sustainability Reporting (BRSR)Jun 27, 2025
Reg. 34 (1) Annual Report.Jun 27, 2025
Intimation Of Book Closure Pursuant To Regulation 42 Of The SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015Jun 24, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 23, 2025
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderJun 23, 2025
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jun 04, 2025
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderMay 31, 2025
Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 29, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptMay 24, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMay 21, 2025
Appointment Of Secretarial Auditors Of The Company.May 20, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationMay 20, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseMay 20, 2025
Outcome Of The Board Meeting Dated 20 May 2025May 20, 2025
Board Meeting Outcome for Outcome Of The Board Meeting Dated 20 May 2025May 20, 2025
Fixation Of The Record Date.May 15, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 13, 2025
Board Meeting Intimation for The Meeting Of Board Of DirectorsMay 12, 2025
Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2Apr 25, 2025
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure AApr 25, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationApr 25, 2025
Announcement under Regulation 30 (LODR)-Credit RatingApr 24, 2025

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
ICICI Prudential Nifty Next 50 Index Direct-Growth
1.43%
85526
1.43%
1.43%
Kotak Arbitrage Fund Direct-Growth
0.33%
76425
0.13%
-0.04%
Kotak Small Cap Fund Direct-Growth
0.89%
-65277
-0.54%
-0.69%
UTI Nifty Next 50 Index Fund Direct - Growth
1.43%
61553
1.43%
1.43%
Motilal Oswal Nifty India Defence Index Fund Direct-Growth
11.54%
-47419
-3.32%
-3.08%
HDFC Defence Fund Direct - Growth
11.67%
-36723
-2.10%
-2.53%
Edelweiss Arbitrage Fund Direct-Growth
0.37%
25725
0.21%
0.20%
Canara Robeco Flexi Cap Fund Direct-Growth
0.23%
23000
0.23%
0.23%
HDFC NIFTY Next 50 Index Fund Direct - Growth
1.43%
22166
1.43%
1.43%
Tata Arbitrage Fund Direct - Growth
0.30%
20925
0.13%
0.10%
SBI Nifty Next 50 Index Fund Direct - Growth
1.43%
19809
1.43%
1.43%
UTI Mid Cap Fund Direct-Growth
0.97%
-19532
-0.26%
-0.50%
Axis Quant Fund Direct-Growth
0.00%
-18144
-2.76%
-2.49%
Motilal Oswal Nifty Midcap 150 Index Fund Direct - Growth
0.00%
-17662
-0.97%
-0.98%
Canara Robeco Large and Mid Cap Fund Direct-Growth
0.63%
15000
0.06%
0.34%
SBI Quant Fund Direct-Growth
0.00%
-14408
-0.55%
-2.31%
Canara Robeco Mid Cap Fund Direct - Growth
1.92%
13500
0.29%
0.22%
Nippon India Nifty Midcap 150 Index Fund Direct - Growth
0.00%
-13160
-0.98%
-0.98%
DSP Nifty Next 50 Index Fund Direct - Growth
1.43%
12188
1.43%
1.43%
Navi Nifty Next 50 Index Fund Direct - Growth
1.43%
10475
1.43%
1.43%
UTI Multi Asset Allocation Fund Direct-Growth
0.65%
10085
0.19%
0.19%
UTI Arbitrage Fund Direct-Growth
0.58%
9225
0.12%
0.07%
Kotak Nifty Next 50 Index Fund Direct - Growth
1.43%
8193
1.43%
1.43%
Samco Flexi Cap Fund Direct - Growth
3.37%
-8100
-2.97%
-2.79%
Bajaj Finserv Large and Mid Cap Fund Direct-Growth
0.24%
-7505
-0.51%
-0.53%

Technical Indicators

RSI(14)
Neutral
49.47
ATR(14)
Less Volatile
350.37
STOCH(9,6)
Neutral
75.68
STOCH RSI(14)
Overbought
81.06
MACD(12,26)
Bullish
44.98
ADX(14)
Weak Trend
18.55
UO(9)
Bearish
54.16
ROC(12)
Downtrend And Accelerating
-0.74
WillR(14)
Neutral
-41.17

About Solar Industries

Solar Industries India Limited is an integrated global explosives company primarily engaged in manufacturing industrial explosives and explosive initiating devices. The company produces packaged emulsion explosives, bulk explosives, and explosive initiating systems for industrial use. It has also expanded into manufacturing ammunition for military applications. Solar Industries operates the world's largest packaged explosives manufacturing facility in Nagpur, India, and has 34 manufacturing facilities across India. Globally, the company has a presence in over 65 countries with manufacturing facilities in 5 countries. Solar Industries serves major mining and infrastructure companies worldwide. The company has diversified its product range to include high energy materials, composite propellants, ammunition, warheads, fuses, and other defense-related products. It has also established subsidiaries and joint ventures in various countries to expand its international operations.
Listing Date
03 Apr, 2006(19 Years, 9 days)
Chairperson NameSatyanarayan Nuwal