| 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 |
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 |
| 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 |
| 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 |
| 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 % |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
Solar Industries
Solar Industries
12,835.00
-40.00
(-0.31%)
Market Cap
1,16,143.99 Cr
PE Ratio
83.42
Volume
1,45,658.00
Day High - Low
13,094.00 - 12,685.00
52W High-Low
17,820.00 - 8,482.50
Key Fundamentals
Market Cap
1,16,143.99 Cr
EPS
133.65
PE Ratio
83.42
PB Ratio
22.79
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 from9 analysts
Actual
Company News
View All News
Solar Industries India secures additional ₹1,746 crore order from Coal India Limited for bulk explosives, bringing total order value to ₹2,229 crores with two-year delivery timeline.
Solar Industries India Limited has issued commercial paper worth ₹100 crores on December 23, 2025, as per regulatory filing under SEBI Listing Regulations.
Solar Industries India's Independent Director Jagdish Chandra Belwal Completes TenureDec 05, 2025
Jagdish Chandra Belwal (DIN: 08644877) ceased to be Non-Executive Independent Director of Solar Industries India Limited effective December 5, 2025, upon completion of his first term. The Board and Management acknowledged his contributions during his association with the company over the years.
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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 |
|---|---|---|---|---|---|---|---|---|
410.25 | #1 2,99,883.68 | 53.65 | 24,511.10 | 17.06 | 5,287 | 17.79 | 53.38 | |
4,428.70 | 2,96,180.38 | #1 35.26 | #1 33,542.60 | 3.92 | #1 8,364 | 10.50 | 48.19 | |
12,835.00 | #3 1,16,143.99 | #8 83.42 | #4 7,611.10 | #5 24.49 | #4 1,288 | #6 18.99 | 51.30 | |
2,447.00 | 98,707.09 | 42.71 | 12,553.10 | 18.78 | 2,277 | 28.10 | 41.02 | |
1,516.40 | 55,585.54 | 84.75 | 3,695.50 | 35.31 | 550 | 76.24 | 55.87 | |
2,424.10 | 27,768.55 | 45.18 | 5,410.50 | 39.01 | 527 | 57.26 | 44.81 | |
2,542.00 | 14,231.12 | 61.84 | 113.70 | 2.06 | 4 | 62.38 | 38.86 | |
1,328.40 | 11,994.17 | 40.87 | 1,032.00 | #1 126.91 | 299 | -2.37 | 48.46 | |
937.05 | 8,896.82 | 56.99 | 1,068.70 | 16.10 | 154 | -5.91 | 43.72 | |
245.85 | 8,252.56 | 110.60 | 565.00 | 51.27 | 56 | #1 91.08 | 42.29 |
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 |
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
Jan 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, 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, 2025Mutual Fund Holdings
Technical Indicators
RSI(14)
Neutral 51.30
ATR(14)
Volatile 404.44
STOCH(9,6)
Neutral 56.34
STOCH RSI(14)
Neutral 50.93
MACD(12,26)
Bullish 69.17
ADX(14)
Weak Trend 21.82
UO(9)
Bearish 43.90
ROC(12)
Uptrend And Accelerating 6.71
WillR(14)
Neutral -47.21
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,
46 days)
Website
Chairperson NameSatyanarayan Nuwal
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