Solar Industries
13,266.00
+155.00(+1.18%)
Market Cap₹1,20,044.11 Cr
PE Ratio77.67
Company Performance:
1D+1.18%
1M+3.36%
6M-12.15%
1Y+53.91%
5Y+928.49%
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More news about Solar Industries
03Feb 26
Solar Industries Q3FY26 Results: Record Revenue of ₹2548cr with 38% Profit Growth
Solar Industries delivered exceptional Q3FY26 performance with record revenue of ₹2548cr and net profit of ₹467cr, marking 29% and 38% growth respectively. The defence segment led growth with 72% increase generating ₹700cr+ revenue, while international business contributed ₹1000cr+ with 35% growth. The company maintains a robust order book exceeding ₹21000cr.
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30Jan 26
Solar Industries Subsidiary Secures ₹589 Crore Defence Export Orders
Solar Industries India Limited announced that its subsidiary has won significant export orders valued at ₹589 crores for defence products from international clients. The orders will be executed over a 4-year period, providing revenue visibility and strengthening the company's position in the global defence supply chain while maintaining full regulatory compliance.
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23Jan 26
Solar Industries India Limited Issues Postal Ballot Notice for Independent Director Appointment
Solar Industries India Limited has issued a postal ballot notice seeking shareholder approval for appointing Shri Ramesh Madhavrao Bhujang as an Independent Director. The remote e-voting process will run from January 24 to February 23, 2026, with results announced by February 25, 2026. The 72-year-old candidate brings four decades of banking and financial experience to the board.
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19Jan 26
Defence Minister Inaugurates Solar Industries' Medium Calibre Ammunition Manufacturing Facility in Nagpur
Solar Industries announced that Hon'ble Raksha Mantri Shri Rajnath Singh inaugurated Solar Defence and Aerospace Limited's state-of-the-art Medium Calibre Ammunition Manufacturing facility in Nagpur on January 18, 2026. The facility supports India's Atmanirbhar Bharat and Make in India initiatives, strengthening indigenous defence manufacturing capabilities. The Defence Minister was briefed on the company's defence products, R&D initiatives, and strategic growth plans in the defence and aerospace sector.
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31Dec 25
Solar Industries Secures ₹1,746 Crore Order from Coal India Limited
Solar Industries India has secured a significant ₹1,746 crore order from Coal India Limited for supply of bulk explosives to CIL subsidiaries over a two-year period. The company made this disclosure under Regulation 30, confirming the domestic nature of the contract and absence of any related party transactions, reinforcing its strong market position in the explosives manufacturing sector.
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23Dec 25
Solar Industries India Issues ₹100 Crore Commercial Paper on December 23
Solar Industries India Limited has issued commercial paper worth ₹100 crores on December 23, 2025, as disclosed through regulatory filing to stock exchanges. The aerospace and defence sector company filed the intimation under SEBI Listing Regulations, demonstrating its access to capital markets for short-term funding needs.
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04Dec 25
Solar Industries India Appoints Ramesh M. Bhujang as Independent Director
Solar Industries India Limited has appointed Shri Ramesh M. Bhujang as an Additional Director, designated as a Non-Executive Independent Director, for a two-year term effective December 3, 2025, subject to shareholder approval. Bhujang brings over four decades of experience in banking, infrastructure finance, and industrial development. He previously held senior roles at L&T Infrastructure Finance Ltd and Asian Finance Investment Corporation Ltd, Manila. Bhujang holds master's degrees in Economics and Development Management.
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17Nov 25
Solar Industries India Limited Announces Postal Ballot Results for Director Appointments
Solar Industries India Limited completed its postal ballot process for appointing two Independent Directors, with 975 out of 112,149 shareholders participating in e-voting from November 18-December 17, 2025. While both resolutions for Smt. Girija Balakrishnan and Shri Viswanathan Lakshmanan failed to achieve the requisite majority, they were deemed approved under SEBI Regulation 25(2A) as votes in favour exceeded votes against in both cases.
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14Nov 25
Solar Industries Reports Record Q2 Performance with 21% Revenue Growth and Strong Defense Expansion
Solar Industries India Limited achieved its highest ever quarterly EBITDA of INR 582.00 crores and PAT of INR 361.00 crores in Q2. Total revenue grew by 21% to INR 2,082.00 crores. The defense segment crossed INR 500.00 crore mark with 57% YoY growth. International business reached record sales of INR 960.00 crores. Despite domestic challenges due to prolonged monsoons, the company maintains its annual guidance. Solar Industries has a strong defense order book of INR 15,500.00 crores and expects Pinaka rocket commercial sales to commence in Q3.
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12Nov 25
Solar Industries India Issues Rs. 50 Crore Commercial Paper
Solar Industries India Limited, an explosives and chemicals manufacturer, has announced the issuance of commercial paper worth Rs. 50 crores. The commercial paper has a tenure of 90 days, with an allotment date of November 11, 2025, and a maturity date of February 9, 2026. The coupon rate is set at 6.26% with upfront interest payment. The company reported no delays or defaults related to this issuance.
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10Nov 25
Solar Industries Expects Strong Orderbook to Drive FY26 Targets, Defense Segment Enters New Growth Phase
Solar Industries India Limited reported robust Q2 FY26 results with revenue up 21% YoY to ₹2,082.22 crore, EBITDA up 23% to ₹582 crore, and net profit up 19% to ₹361 crore. The company expressed confidence in achieving FY26 targets, citing a strong orderbook. Q3 FY26 marks the beginning of a new growth phase in its defense segment, which saw 57% YoY growth in Q2. International business achieved its highest ever quarterly sales of over ₹960 crore, growing 21% YoY. H1 FY26 consolidated revenue increased by 25% to ₹4,236.67 crore.
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10Nov 25
Solar Industries India Reports Robust Q2 FY2026 Performance with 21% Revenue Growth and Approves Director Appointments
Solar Industries India Limited announced robust Q2 FY2026 results, with consolidated revenue rising 21% to ₹2,082.22 crore. Net profit increased by 19% to ₹361.45 crore, while EBITDA grew 22.5% to ₹581.97 crore. International business revenue hit a record ₹960 crore, and defence revenue surged 57% to over ₹500 crore. The company maintains a positive outlook with a strong defence order book of ₹15,500 crore+ and anticipates continued growth in international markets. The Board approved appointments of new Non-Executive Directors and reported on partial redemption of non-convertible debentures.
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04Nov 25
Solar Industries India's Commercial Paper Rating Reaffirmed by ICRA
Solar Industries India Limited has received a revalidation of its [ICRA]A1+ credit rating for its Rs. 250 crore commercial paper program. This highest short-term rating indicates very strong safety for timely payment and lowest credit risk. The rating is valid for commercial paper with a maximum 12-month maturity and requires revalidation if not issued within three months. Solar Industries has disclosed this information to the National Stock Exchange and BSE Limited.
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28Oct 25
Solar Industries India Executes Rs. 113.89 Crore Block Trade on NSE
Solar Industries India executed a significant block trade on the National Stock Exchange (NSE) valued at Rs. 113.89 crores. The transaction involved 81,120 shares at a price of Rs. 14,040.00 per share. Block trades are large, privately negotiated transactions typically executed outside the open market to minimize price impact. This trade could indicate substantial investor interest or a strategic move by a major shareholder, potentially signaling institutional activity or changes in shareholding patterns.
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17Sept 25
Solar Industries India Bolsters Board with Two New Independent Directors
Solar Industries India Limited has appointed Ms. Girija Balakrishnan and Shri Viswanathan Lakshmanan as Additional Directors. Ms. Balakrishnan, a legal expert with 31 years of experience, joins as a Non-Executive Independent Director for a five-year term starting September 18, 2025. Shri Lakshmanan, a financial veteran with 42 years of leadership experience, will serve as a Non-Executive Independent Director for five years from October 18, 2025. Both appointments aim to enhance the company's corporate governance and are subject to shareholder approval.
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05Sept 25
Solar Industries Reports 28% Revenue Surge, Driven by Defense and International Growth
Solar Industries India Limited reported robust Q1 FY24 results with revenue increasing 28% to INR 2,154.00 crores. The company achieved record quarterly EBITDA of INR 564.00 crores and PAT of INR 353.00 crores. Defense segment revenue surged 115% to INR 418.00 crores, while international business grew 43% to INR 826.00 crores. The company successfully tested two new missile systems and maintains a strong defense order book of INR 15,000.00 crores. Solar Industries targets INR 10,000.00 crore revenue for FY2026 and plans INR 2,500.00 crores in capital expenditure to support growth.
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04Sept 25
Tragic Explosion at Solar Industries' Chakdoh Factory Claims One Life, Injures Eight
An explosion occurred at Solar Industries India Ltd's Chakdoh factory in Nagpur, resulting in one fatality and eight injuries. The incident took place in the Crystallization Building during the crystallization process of an energetic material. The company has activated safety systems, launched an investigation, and notified authorities. Solar Industries assures limited financial impact due to adequate insurance coverage and has informed stock exchanges in compliance with SEBI regulations.
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11Aug 25
Solar Industries India Reports Record Q1 Results with 28% Revenue Growth
Solar Industries India Limited achieved its highest-ever quarterly revenue of INR 2,154.00 crores, a 28% year-on-year increase. EBITDA rose 19% to INR 564.00 crores, while PAT grew 17% to INR 353.00 crores. The international business segment saw 43% growth, reaching INR 826.00 crores. Defense revenue surged 115% to INR 418.00 crores, with a strong order book of INR 15,000.00 crores. The domestic market faced challenges due to early monsoons. The company successfully tested new defense products and expects to meet its annual revenue guidance of INR 10,000.00 crores.
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08Aug 25
Solar Industries to Venture into 155MM Artillery Shell Production
Solar Industries India Limited plans to expand its defense portfolio by producing 155MM artillery shells. The company reported strong growth in its defense vertical with revenue of ₹418.00 crore, a 115% year-on-year increase, and a defense order book of about ₹15,000.00 crore. Solar Industries has successfully tested Bhargavastra, an anti-drone system, and developed Rudrastra, a hybrid VTOL UAV. The company's quarterly EBITDA reached a record ₹564.00 crore, with PAT at ₹353.00 crore. International revenue grew 43% year-on-year to ₹826.00 crore, with operations in over 90 countries.
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07Aug 25
Solar Industries Reports Strong Q1 Performance, Defense Segment Shines
Solar Industries India Limited (SIIL) reported robust Q1 results with defense operations contributing 19% of total revenue, reaching ₹418 crore, a 115% YoY growth. The company aims for defense revenue to reach 30% of total revenue for the full fiscal year. Overall Q1 results show net revenue of ₹2,154 crore (28% YoY growth), EBITDA of ₹564 crore (19% YoY growth), and PAT of ₹353 crore (17% YoY growth). International business grew 43% YoY to ₹826 crore. The defense order book stands at ₹15,000 crore, with Pinaka orders expected to boost performance. The company successfully tested new defense technologies, Bhargavastra and Rudrastra.
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07Aug 25
Solar Industries India Achieves Record Q1 Performance with Robust Growth Across Segments
Solar Industries India Limited achieved exceptional Q1 financial results. Revenue increased by 28% to ₹2,154.00 crore, with record quarterly EBITDA of ₹564.00 crore. Net profit grew 17% to ₹353.00 crore. International business saw 43% growth, reaching ₹826.00 crore in sales. Defense sector revenue surged 115% to ₹418.00 crore, supported by a ₹15,000.00 crore order book. The company successfully tested new defense products and received repeat orders for UAVs and hand grenades. Despite challenges in the mining sector, Solar Industries remains optimistic about future growth in mining, housing, and infrastructure post-monsoon.
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15Jul 25
Solar Industries India Ltd Sees Significant Block Trade on NSE
A significant block trade of approximately 40,008 shares of Solar Industries India Ltd occurred on the National Stock Exchange (NSE). The transaction was valued at Rs. 61.67 crores, with each share priced at Rs. 15,415.00. This large trade indicates potential institutional interest or major shareholder activity in the industrial explosives manufacturer.
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23Jun 25
Solar Industries Secures ₹158 Crore Defence Contract, Reports Strong Q4 Results
Solar Industries India Limited has won a ₹158 crore contract from the Ministry of Defence for supplying defence products, to be executed within a year. The company also reported impressive Q4 results with a 43.4% increase in net profit to ₹348.00 crore and a 34.5% rise in revenue to ₹2,166.60 crore. This development highlights Solar Industries' expanding presence in the defence sector and its strong financial performance.
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20May 25
Solar Industries Projects ₹10,000 Crore Revenue for FY26, Defence Business to Double Despite Previous Shortfall
Solar Industries India projects ₹10,000 crore revenue for FY26, with ₹3,000 crore expected from its defence business. The company plans ₹2,500 crore capex to support growth. Q4 results show 43.40% increase in net profit to ₹348 crore and 34.50% rise in revenue to ₹2,166.60 crore. A dividend of ₹10 per share was declared. Despite missing previous defence revenue guidance, the company aims to double its defence business contribution by FY26.
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09May 25
Solar Industries' Nagastra Drones Reportedly Used in Indian Army Strike
The Indian Army has reportedly conducted a drone strike using Nagastra drones manufactured by Solar Industries India Limited. This marks a significant milestone in the deployment of indigenously produced military technology in cross-border operations. The use of these drones showcases India's growing military capabilities and the strength of its domestic defense industry. This development aligns with India's push for self-reliance in the defense sector and could potentially boost Solar Industries' reputation, lead to increased orders, and impact its stock performance.
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07Mar 25
Solar Industries India Ltd. Sees Major Block Trade Amid Trading Window Closure
Solar Industries India Ltd. has closed its trading window for designated persons due to proposed strategic investments. This closure, effective from March 6, 2025, will last until 48 hours after the investment details are made public. Concurrently, a significant block trade of 30,087 shares worth Rs. 28.29 crores was executed on the NSE at Rs. 9,401.70 per share.
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06Mar 25
Solar Industries India Ltd. Witnesses Large Block Trade Amid Trading Window Closure
Solar Industries India Ltd. has closed its trading window from March 6, 2025, due to proposed strategic investments. This coincides with a significant block trade of 20,227 shares at ₹9,331 per share, totaling ₹18.87 crores on NSE. The trading window will remain closed until 48 hours after the strategic investment is made public, in compliance with SEBI regulations.
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05Mar 25
Solar Industries India Ltd. Secures Rs 2,150 Crore Export Orders, Subsidiary Bags Rs 239 Crore Domestic Contract
Solar Industries India Ltd. has won significant defense orders, including export contracts worth Rs 2,150 crore for delivery over six years, and a domestic contract worth Rs 239 crore from the Indian Ministry of Defence for Multi Mode Hand Grenades. These orders, along with a recent Rs 6,084 crore contract, total over Rs 8,473 crore, bolstering the company's position in both international and domestic defense markets.
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28Feb 25
Solar Industries India Secures Massive ₹21.50 Billion Export Orders, Boosts International Presence
Solar Industries India Limited's subsidiary has secured export orders worth ₹21.50 billion ($258 million USD) for industrial explosives and ammunition. This significant order is expected to boost the company's revenue, strengthen its international market position, and potentially lead to operational scaling. Additionally, the company has fulfilled a ₹50 crore Commercial Paper redemption obligation to ICICI Bank Limited, demonstrating financial robustness.
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Solar Industries
13,266.00
+155.00
(+1.18%)
1 Year Returns:+53.91%
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