| 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 |
Solar Industries
Solar Industries
13,573.00
+197.00
(1.47%)
Key Fundamentals
Market Cap
1,22,822.20 Cr
EPS
133.65
PE Ratio
91.67
Dividend Yield
0.07 %
Industry
Aerospace & Defense 52 Week High
17,820.00
52 Week Low
8,482.50
PB Ratio
28.00
Debt to Equity
0.27
Sector
Engineering Analyst Rating and Forecast
- By Refinitiv from9 analysts
Actual
Company News
View All News
ICRA Limited has revalidated the credit rating for Solar Industries India Limited's commercial paper program worth Rs. 250 crores, maintaining the [ICRA]A1+ rating with Outstanding status. The revalidation was requested by Solar Industries and confirms the rating validity that was last communicated in February 2025. The rating applies to the company's commercial paper issuance program, with ICRA noting that if the instrument is not issued within 3 months, the rating would need revalidation before issuance. Once issued, the rating remains valid throughout the program's life with a maximum maturity of twelve months.
Solar Industries has selected Alpha Defence as its partner for the production of CSIR-NAL loitering munitions. This partnership involves Solar Industries in the defense manufacturing sector, specifically in the development of loitering munition systems in collaboration with CSIR-NAL (Council of Scientific and Industrial Research - National Aerospace Laboratories).
Solar Industries India executed a block trade worth Rs. 113.89 crores on the National Stock Exchange. The transaction involved approximately 81,120 shares at a price of Rs. 14,040 per share.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
4,626.60 | #1 3,09,415.40 | #1 37.23 | #1 33,542.60 | 3.92 | #1 8,364 | -3.71 | 39.39 | |
414.25 | 3,02,807.60 | 53.18 | 24,511.10 | 17.06 | 5,287 | 17.79 | 52.55 | |
13,573.00 | #3 1,22,822.20 | #8 91.67 | #4 7,611.10 | #5 24.49 | #4 1,288 | #7 17.34 | 40.96 | |
2,670.30 | 1,07,714.60 | 46.16 | 12,553.10 | 18.78 | 2,277 | 28.10 | 36.33 | |
1,447.70 | 53,067.30 | 94.56 | 3,695.50 | 35.31 | 550 | #1 155.56 | 37.67 | |
2,574.10 | 29,486.80 | 47.83 | 5,410.50 | 39.01 | 527 | 57.26 | 47.63 | |
2,616.20 | 14,646.50 | 68.26 | 113.70 | 2.06 | 4 | -22.26 | 39.51 | |
1,358.80 | 12,268.70 | 45.22 | 1,032.00 | #1 126.91 | 299 | -2.37 | 42.39 | |
1,042.50 | 9,898.00 | 60.85 | 1,068.70 | 16.10 | 154 | 126.39 | 45.44 | |
268.45 | 8,953.70 | 113.00 | 565.00 | 51.27 | 56 | 91.08 | 35.51 |
Automatic Screeners on ScanX
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
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 | Sept 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 % | 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 % | 7.11 % |
| 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 % | 12.89 % |
| 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 % | 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 % | 5.00 % |
| 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 % | 1.85 % |
| 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 | 1,05,014 |
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 |
|---|---|---|---|---|---|
| 10 Nov 2025 |  Quarterly Result Announcement | NA | 10 Nov 2025 | 13,878.00 | 13,573.00 |
| 21 Aug 2021 |  Dividend | ₹ 6.00 /share | 18 Aug 2021 | 1,326.95 | 1,671.65 |
| 31 May 2022 | Dividend | ₹ 7.50 /share | 27 May 2022 | 2,918.95 | 2,707.80 |
| 09 Jun 2023 | Dividend | ₹ 8.00 /share | 09 Jun 2023 | 3,823.50 | 3,888.60 |
| 04 Jul 2024 | Dividend | ₹ 8.50 /share | 04 Jul 2024 | 8,352.85 | 11,468.60 |
| 18 Jul 2024 |  Annual General Meeting | NA | 18 Jul 2024 | 8,352.85 | 11,780.95 |
| 13 Nov 2024 | Quarterly Result Announcement | NA | 13 Nov 2024 | 10,008.90 | 10,019.70 |
| 05 Feb 2025 | Quarterly Result Announcement | NA | 05 Feb 2025 | 9,575.45 | 9,749.75 |
| 20 May 2025 | Quarterly Result Announcement | NA | 20 May 2025 | 13,490.70 | 13,702.60 |
| 08 Jul 2025 | Dividend | ₹ 10.00 /share | 08 Jul 2025 | 13,702.60 | 16,717.00 |
| 22 Jul 2025 | Annual General Meeting | NA | 22 Jul 2025 | 13,702.60 | 14,926.00 |
| 07 Aug 2025 | Quarterly Result Announcement | NA | 07 Aug 2025 | 14,471.40 | 15,014.00 |
Announcements
Announcement under Regulation 30 (LODR)-Credit Rating
5 days ago
5 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation5 days ago
5 days agoBoard Meeting Intimation for Approval Of The Unaudited Standalone & Consolidated Financial Results Of The Company For The Quarter And Half Year Ended On September 30 2025.6 days ago
6 days agoAnnouncement under Regulation 30 (LODR)-CessationOct 18, 2025
Oct 18, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 08, 2025
Oct 08, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderOct 08, 2025
Oct 08, 2025Closure of Trading WindowSep 26, 2025
Sep 26, 2025Compliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD Sep 23, 2025
Sep 23, 2025Compliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD Sep 22, 2025
Sep 22, 2025Announcement under Regulation 30 (LODR)-CessationSep 20, 2025
Sep 20, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateSep 17, 2025
Sep 17, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateSep 17, 2025
Sep 17, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptSep 05, 2025
Sep 05, 2025Intimation Of An Explosion Incident Which Occurred In The Factory Situated At Chakdoh Nagpur (Maharastra)Sep 04, 2025
Sep 04, 2025Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.Aug 30, 2025
Aug 30, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 11, 2025
Aug 11, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 08, 2025
Aug 08, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 08, 2025
Aug 08, 2025Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations 2015Aug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations 2015Aug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Investor PresentationAug 07, 2025
Aug 07, 2025Board Meeting Outcome for Outcome Of The Board Meeting Dated August 7 2025.Aug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 02, 2025
Aug 02, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 02, 2025
Aug 02, 2025Board Meeting Intimation for Meeting Of Board Of DirectorsJul 31, 2025
Jul 31, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportJul 24, 2025
Jul 24, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMJul 22, 2025
Jul 22, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 08, 2025
Jul 08, 2025Closure of Trading WindowJun 30, 2025
Jun 30, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 28, 2025
Jun 28, 2025Integrated Annual Report For The Financial Year 2024-25 Including Notice Convening 30Th Annual General Meeting (AGM) And Intimation Of Record Date.Jun 27, 2025
Jun 27, 2025Business Responsibility and Sustainability Reporting (BRSR)Jun 27, 2025
Jun 27, 2025Reg. 34 (1) Annual Report.Jun 27, 2025
Jun 27, 2025Intimation Of Book Closure Pursuant To Regulation 42 Of The SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015Jun 24, 2025
Jun 24, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 23, 2025
Jun 23, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderJun 23, 2025
Jun 23, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jun 04, 2025
Jun 04, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderMay 31, 2025
May 31, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 29, 2025
May 29, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptMay 24, 2025
May 24, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMay 21, 2025
May 21, 2025Appointment Of Secretarial Auditors Of The Company.May 20, 2025
May 20, 2025Announcement under Regulation 30 (LODR)-Investor PresentationMay 20, 2025
May 20, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseMay 20, 2025
May 20, 2025Outcome Of The Board Meeting Dated 20 May 2025May 20, 2025
May 20, 2025Board Meeting Outcome for Outcome Of The Board Meeting Dated 20 May 2025May 20, 2025
May 20, 2025Fixation Of The Record Date.May 15, 2025
May 15, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 13, 2025
May 13, 2025Board Meeting Intimation for The Meeting Of Board Of DirectorsMay 12, 2025
May 12, 2025Mutual Fund Holdings
SBI Equity Hybrid Fund Direct Plan-Growth 
Kotak Flexicap Fund Direct-Growth 
HDFC Defence Fund Direct - Growth 
Axis Midcap Direct Plan-Growth 
PGIM India Midcap Fund Direct-Growth 
Edelweiss Mid Cap Direct Plan-Growth 
Canara Robeco Large and Mid Cap Fund Direct-Growth 
Invesco India Arbitrage Fund Direct-Growth 
ICICI Prudential Nifty Next 50 Index Direct-Growth 
Tata Retirement Savings Fund Progressive Plan Direct-Growth 
Aditya Birla Sun Life Nifty India Defence Index Fund Direct-Growth Technical Indicators
RSI(14)
Neutral 40.96
ATR(14)
Volatile 295.78
STOCH(9,6)
Neutral 31.61
STOCH RSI(14)
Oversold 10.39
MACD(12,26)
Bearish -43.46
ADX(14)
Weak Trend 15.40
UO(9)
Bearish 44.00
ROC(12)
Downtrend And Accelerating -3.63
WillR(14)
Neutral -65.33
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,
7 days)
Website
Chairperson NameSatyanarayan Nuwal
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