Solar Industries India Limited will participate in the India Investment Forum 2026, organized by Morgan Stanley on June 3, 2026, in Mumbai. The company confirmed that no Unpublished Price Sensitive Information (UPSI) will be shared during the forum.

Event Details

The participation is in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The schedule remains subject to changes due to exigencies on behalf of the investor or the company.

Disclosure

The information regarding the participation is available on the company's official website. Khushboo Pasari, Company Secretary & Compliance Officer, signed the disclosure on June 2, 2026.

Solar Industries India Limited and its subsidiary have received export orders worth INR 1076 Crores for the supply of defence products to international clients, scheduled for execution over a period of three years. Adding to the positive momentum, Goldman Sachs has maintained a Buy rating on the company with a target price of ₹19,590, citing the strong order win and a robust defence export pipeline.

Export Order Details

The company disclosed the receipt of these orders in a filing submitted to the exchanges on May 29, 2026. The contracts involve the supply of defence products specifically for international clients. The following table summarises the key terms of the orders:

The disclosure was made in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The company confirmed that the promoter, promoter group, or group companies do not hold any interest in the entities awarding the orders, and the transactions do not fall under related party transactions.

Goldman Sachs View

Goldman Sachs has maintained its Buy rating on Solar Industries India, supported by a strong defence order book and healthy export visibility. The brokerage highlighted the company's defence order book exceeding ₹18,000 crore, of which 65% comprises exports. The firm also noted expected FY27 defence export inflows of ₹2,500 crore as a key growth driver.

The following table captures the key metrics highlighted by Goldman Sachs:

Goldman Sachs projects a strong FY27 growth outlook for Solar Industries, with defence revenues expected to rise 71% year-on-year and international revenues projected to grow 30% year-on-year, underscoring the company's expanding global defence footprint.