| 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 | Sept 2025 | Dec 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 | 2,111 | 2,573 |
| 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 | 1,530 | 1,840 |
| 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 | 581 | 733 |
| 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 % | 27 % | 28 % |
| 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 | 61 | 63 |
| 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 | 31 | 34 |
| 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 | 490 | 636 |
| 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 | 128 | 169 |
| 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 | 362 | 467 |
| 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 | 38.12 | 49.31 |
Solar Industries
Solar Industries
13,462.00
+183.00
(1.38%)
Market Cap
1,21,817.71 Cr
PE Ratio
78.75
Volume
58,634.00
Day High - Low
13,507.00 - 13,276.00
52W High-Low
17,820.00 - 8,482.50
There are new updates from the company1 day ago
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Key Fundamentals
Market Cap
1,21,817.71 Cr
EPS
133.65
PE Ratio
78.75
PB Ratio
23.50
Book Value
565.36
EBITDA
2,031.20
Dividend Yield
0.08 %
Industry
Aerospace & Defense Sector
Engineering Return on Equity
28.39
Debt to Equity
0.27
Analyst Rating and Forecast
- By Refinitiv from10 analysts
Actual
Company News
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Solar Industries India Limited concluded postal ballot voting for appointing Ramesh Madhavrao Bhujang as Independent Director. Despite failing requisite majority, appointment deemed valid under SEBI regulations.
Solar Industries India Limited successfully redeemed its Rs 50 crore commercial paper on the due date of February 09, 2026, fulfilling its payment obligation to ICICI Bank Limited.
Solar Industries Targets 27-28% EBITDA Margins
Feb 05, 2026
Feb 05, 2026Solar Industries expects to maintain EBITDA margins at 27-28% over the next 3-5 years, driven by growth in defense and international business segments.
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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 |
|---|---|---|---|---|---|---|---|---|
439.55 | #1 3,21,301.33 | 53.31 | 24,511.10 | 17.06 | 5,287 | 20.44 | 51.50 | |
3,978.50 | 2,66,072.13 | #1 29.72 | #1 33,542.60 | 3.92 | #1 8,364 | 29.65 | 34.72 | |
13,462.00 | #3 1,21,817.71 | #9 78.75 | #4 7,611.10 | #4 24.49 | #4 1,288 | #3 38.22 | 51.43 | |
2,240.70 | 90,385.36 | 37.82 | 12,553.10 | 18.78 | 2,277 | 9.02 | 35.50 | |
1,239.80 | 45,446.42 | 78.39 | 3,695.50 | 35.31 | 550 | -50.44 | 36.97 | |
2,421.50 | 27,738.77 | 40.17 | 5,410.50 | 39.01 | 527 | 73.93 | 46.17 | |
3,063.10 | 17,148.45 | 70.13 | 113.70 | 2.06 | 4 | 30.43 | 69.95 | |
1,342.50 | 12,121.48 | 42.01 | 1,032.00 | #1 126.91 | 299 | 30.44 | 47.71 | |
3,700.00 | 11,381.05 | 182.34 | 681.10 | 16.11 | 53 | #1 116.88 | 73.58 | |
953.70 | 9,054.91 | 54.61 | 1,068.70 | 16.10 | 154 | -1.27 | 49.39 |
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 | Dec 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 % | 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 % | 6.74 % |
| 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 % | 12.91 % |
| 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 % | 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 % | 5.33 % |
| 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 % | 1.87 % |
| 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 | 1,13,869 |
Dividend History
| Annual Cash Flows | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 5 | 6 | 7 | 6 | 6 | 7.5 | 8 | 8.5 | 10 | 0.00 |
| Dividend Yield (%) | 0.47 | 0.55 | 0.77 | 0.47 | 0.21 | 0.2 | 0.09 | 0.08 | 0.08 | 0.00 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 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 |
| 10 Nov 2025 | Quarterly Result Announcement | NA | 10 Nov 2025 | 13,878.00 | 13,573.00 |
| 03 Feb 2026 | Quarterly Result Announcement | NA | 03 Feb 2026 | 12,656.90 | 13,197.30 |
Announcements
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report1 day ago
1 day agoIntimation of Repayment of Commercial Paper (CP)Feb 09, 2026
Feb 09, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeFeb 09, 2026
Feb 09, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeFeb 04, 2026
Feb 04, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationFeb 04, 2026
Feb 04, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseFeb 03, 2026
Feb 03, 2026Announcement under Regulation 30 (LODR)-Investor PresentationFeb 03, 2026
Feb 03, 2026Outcome Of The Board Meeting Dated February 3 2026Feb 03, 2026
Feb 03, 2026Board Meeting Outcome for Outcome Of Board Meeting Dated February 3 2026Feb 03, 2026
Feb 03, 2026Announcement under Regulation 30 (LODR)-Credit RatingFeb 02, 2026
Feb 02, 2026Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderJan 30, 2026
Jan 30, 2026Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderJan 30, 2026
Jan 30, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJan 28, 2026
Jan 28, 2026Board Meeting Intimation for Approval Of The Unaudited Standalone & Consolidated Financial Results Of The Company For The Quarter And Nine Months Ended On December 31 2025.Jan 27, 2026
Jan 27, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationJan 24, 2026
Jan 24, 2026Shareholder Meeting / Postal Ballot-Notice of Postal BallotJan 23, 2026
Jan 23, 2026Visit Of HonBle Raksha Mantri - Shri Rajnath Singh Ji To Solar Defence And Aerospace Limited.Jan 19, 2026
Jan 19, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jan 06, 2026
Jan 06, 2026Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderDec 31, 2025
Dec 31, 2025Closure of Trading WindowDec 26, 2025
Dec 26, 2025Announcement under Regulation 30 (LODR)-Issue of SecuritiesDec 23, 2025
Dec 23, 2025 Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportDec 18, 2025
Dec 18, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateDec 05, 2025
Dec 05, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateDec 04, 2025
Dec 04, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderNov 18, 2025
Nov 18, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 18, 2025
Nov 18, 2025Shareholder Meeting / Postal Ballot-Notice of Postal BallotNov 17, 2025
Nov 17, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptNov 14, 2025
Nov 14, 2025Announcement under Regulation 30 (LODR)-Issue of SecuritiesNov 11, 2025
Nov 11, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 11, 2025
Nov 11, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 11, 2025
Nov 11, 2025Announcement under Regulation 30 (LODR)-Investor PresentationNov 10, 2025
Nov 10, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseNov 10, 2025
Nov 10, 2025Integrated Filing - FinancialNov 10, 2025
Nov 10, 2025Outcome Of The Board Meeting Dated November 10 2025.Nov 10, 2025
Nov 10, 2025Board Meeting Outcome for Outcome Of The Board Meeting Dated November 10 2025.Nov 10, 2025
Nov 10, 2025Announcement under Regulation 30 (LODR)-Credit RatingNov 04, 2025
Nov 04, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 04, 2025
Nov 04, 2025Board 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.Nov 03, 2025
Nov 03, 2025Announcement 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, 2025Mutual Fund Holdings
Technical Indicators
RSI(14)
Neutral 51.43
ATR(14)
Less Volatile 428.40
STOCH(9,6)
Neutral 61.87
STOCH RSI(14)
Neutral 45.51
MACD(12,26)
Bearish -21.81
ADX(14)
Weak Trend 9.21
UO(9)
Bearish 54.78
ROC(12)
Uptrend And Accelerating 2.15
WillR(14)
Neutral -48.43
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...more
Listing Date
03 Apr, 2006(19 Years,
53 days)
Website
Chairperson NameSatyanarayan Nuwal
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