Solar Industries India Ltd Share Price

Industrial Explosives

NSE: SOLARINDS Mid Cap ISIN: INE343H01029

As on 22 January 2025 at 15:09 IST

₹9,323.25

-258.60

(-2.70%)

Sell Buy

About Solar Industries India Ltd

Solar Industries India Ltd. is a leading manufacturer of industrial explosives and explosive-initiating devices. The company was initiated in the year 1995, making it an prominent player with multiple decades of experience in the industry. The headquarters of the company is located in Nagpur, Maharashtra, India. Solar Industries' main products include bulk explosives, packaged explosives, and initiating systems. The company also manufactures defense products, including high-energy materials like HMX, RDX, and TNT. Additionally, it offers composite propellants, ammunition, and warheads. Solar Industries falls under the chemicals sector, and it is known for its comprehensive product range. Read More...

Over 1 Month

-1.07%

Over 6 Months

-12.18%

Over 1 Year

40.01%

Over 3 Years

316.06%

Solar Industries India Ltd Summary

Close ₹ 9,323.25

Open ₹ 9,604

High ₹ 9,656.95

Low ₹ 9,080

Volume 43,922

Net Turnover (in ₹) ₹ 49,65,07,921.40

52Wk High ₹ 13,298

52Wk Low ₹ 6,275

52Wk High / Low

6,275

13,298

Solar Industries India Ltd Fundamentals

Key Financial Data

Market Cap (in ₹Cr) ₹ 86,706.21

EPS (TTM) 76.18

Book Value (BV) 292.91

Div. Yield 0.09 %

P/E (TTM) 125.94

Price/Book Value 32.75

Delivery % 50.94 %

Face Value 2

Key Ratios

PE Ratio 133.34

PB Ratio 33.89

EV to Sales 21.45

PEG Ratio 3.93

ROA 22.38

ROE 28.99

Debt-Equity 0.18

Net Profit Margin 16.04

Operating Profit Margin 24.02

Solar Industries India Ltd Financials

Profit and Loss

Consolidated

Standalone

Yearly

Quarterly

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	6,113.99	6,954.05	3,967.27	2,537.05	2,278.35
Total Expenses	4,953.06	5,852.20	3,359.85	2,139.95	1,942.55
Profit Before Tax	1,161.28	1,101.58	607.42	397.10	335.80
Profit After Tax	875.23	811.17	455.47	288.07	278.67
Operating Profit after Depreciation	1,270.30	1,192.23	657.67	442.49	390.84

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	2,030.15	1,704.46	1,501.97	1,298.04	1,221.29
Total Non Current Assets	3,088.82	2,534.90	2,063.35	1,804.05	1,548.82
Total Current Assets	2,648.38	2,501.35	1,660.95	1,225.66	983.50
TOTAL ASSETS	5,737.20	5,036.25	3,724.30	3,029.71	2,532.32
Total Shareholder's Fund	3,305.60	2,610.34	1,914.28	1,579.41	1,380.09

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	1,406.01	656.48	297.80	356.68	324.81
Net Cash used in Investing Activities	-1,020.91	-614.27	-337.66	-253.24	-259.63
Net Cash used in Financing Activities	-370.28	118.16	-45.40	-26.07	-33.62

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	3,775.86	4,218.09	2,564.51	1,610.04	1,546.89
Total Expenses	2,975.81	3,618.01	2,211.49	1,356.82	1,294.45
Profit Before Tax	800.05	600.08	353.02	253.22	252.44
Profit After Tax	596.30	445.39	261.52	189.07	213.40
Operating Profit after Depreciation	829.63	627.65	361.87	259.74	264.61

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	813.16	781.67	706.32	560.05	546.71
Total Non Current Assets	1,837.39	1,492.53	1,259.48	1,004.71	887.31
Total Current Assets	1,397.86	1,276.64	749.60	595.74	497.15
TOTAL ASSETS	3,235.25	2,769.17	2,009.08	1,600.45	1,384.46
Total Shareholder's Fund	2,346.47	1,767.45	1,365.59	1,156.81	1,021.38

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	769.70	132.72	294.01	147.77	194.93
Net Cash used in Investing Activities	-548.41	-270.73	-280.21	-99.33	-9.93
Net Cash used in Financing Activities	-216.50	173.04	-36.02	-65.95	-142.08

Particulars (in ₹ Cr.)	2024-09	2024-06	2024-03	2023-12	2023-09
Total Revenue	1,715.83	1,684.80	1,610.71	1,429.14	1,347.46
Total Expenses	1,271.06	1,235.42	1,257.01	1,074.23	1,012.09
Profit Before Tax	406.97	408.29	305.38	298.93	284.53
Profit After Tax	303.78	300.54	242.71	221.94	208.99
Operating Profit after Depreciation	480.32	475.74	373.91	365.82	343.09

Particulars (in ₹ Cr.)	2024-09	2024-06	2024-03	2023-12	2023-09
Total Revenue	905.49	1,044.59	1,001.67	902.25	830.34
Total Expenses	674.37	786.45	751.43	710.35	631.15
Profit Before Tax	238.17	260.75	239.34	185.72	190.70
Profit After Tax	177.46	194.20	179.39	138.32	141.18
Operating Profit after Depreciation	262.76	283.92	263.42	209.58	212.75

Solar Industries India Ltd Technicals

Support and Resistance

S3 S2 S1 Pivot R1 R2 R3

S1 9,472.60

S2 9,363.35

S3 9,214.70

Pivot 9,621.25

R1 9,730.50

R2 9,879.15

R3 9,988.40

Moving Average

20 SMA 9,674.47

50 SMA 10,069.50

100 SMA 10,503.19

200 SMA 10,183.46

Solar Industries India Ltd Corporate Actions

Dividend

Bonus

Splits

Rights

AGM

EGM

Solar Industries India Ltd

₹8.5/Share

Announcement Date 04 Jul 2024

Record Date 04 Jul 2024

Div Yield 425%

AGM Date: 10 Jun 2022

Outcome of the Board Meeting dated 03.05.2022 We enclose herewith copies of Newspaper clippings regarding Information on E-voting and other related information, published on May 13, 2022 for the Twenty Seventh Annual General Meeting of the Company in the following newspapers: 1. Loksatta newspaper (Nagpur) in Marathi Language. 2. Business Standard (All Edition) in English Language. (As Per BSE Announcement Dated on 13.05.2022) Integrated Annual Report of Solar Industries India Limited for the financial year 2021-22. (As Per BSE Announcement Dated on 17.05.2022) Proceedings of the 27th Annual General Meeting of Solar Industries India Limited Disclosures of the Voting results and Scrutiniser's Report of the 27th Annual General Meeting of Solar Industries India Limited Corrigendum to disclosures of the Voting results of the 27th Annual General Meeting of Solar Industries India Limited Solar Industries India Ltd has informed BSE regarding the details of Voting results of AGM, under Regulation 44(3) of SEBI (LODR) Regulations, 2015. (As Per BSE Announcement Dated on 11.06.2022)

AGM Date: 21 Jun 2023

The 28th Annual General Meeting of the Members of the Company will be held on Wednesday, the 21st day of June, 2023 through Video Conferencing (VC) or Other Audio Visual Means (OAVM) as per the relaxation given by Ministry of Corporate Affairs vide General Circular No. 10/2022 dated December 28, 2022. Intimation of Book Closure pursuant to Regulation 42 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. (As Per BSE Announcement Dated on 06.05.2023) Compliance of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ['Listing Regulations']. (As per BSE Announcement Dated on 23/06/2023) Integrated Annual Report for the financial year 2022-23 including Notice convening 28th Annual General Meeting (AGM) and Intimation of Record Date. (As Per BSE Announcement Dated on 29.05.2023) Summary of Proceedings of the 28th Annual General Meeting of the Company. (As per BSE Announcement Dated on 21/06/2023) Disclosures of the Voting results and Scrutiniser's Report of the 28th Annual General Meeting of Solar Industries India Limited held on Wednesday, 21st June, 2023 through Video conferencing/ Other Audio Visual Means ('VC/OAVM'). (As Per BSE Announcement Dated on 23.06.2023)

AGM Date: 18 Jul 2024

Outcome of the Board Meeting dated May 16, 2024. Newspaper Clippings - 'Twenty Ninth Annual General Meeting, Information on E-voting, Record date and Final Dividend.' (As Per BSE Announcement Dated on: 27/06/2024) Summary of Proceedings of the 29th Annual General Meeting of the Company. (As Per BSE Announcement dated on 18.07.2024)

Solar Industries India Ltd Peer Comparison

Company	Price	Market Cap (in ₹ Cr)
Solar Industries India Ltd	₹9,594.15	₹86,817.52
Hindustan Aeronautics Ltd	₹4,051.85	₹2,70,977.60
Bharat Electronics Ltd	₹278.90	₹2,03,869.73
Mazagon Dock Shipbuilders Ltd	₹2,352.10	₹94,879.01
Bharat Dynamics Ltd	₹1,279.05	₹46,885.18
Cochin Shipyard Ltd	₹1,508.90	₹39,696.26

Solar Industries India Ltd News

Solar Industries India issues commercial paper of Rs 75 cr

12 Dec 2024, 06:52 pm

Volumes spurt at Solar Industries India Ltd counter

Solar Industries India Ltd notched up volume of 19560 shares by 10:47 IST on BSE, a 11.15 fold spurt over two-week average daily volume of 1754 shares

03 Dec 2024, 11:00 am

Solar Inds rallies on bagging orders worth Rs 2,039 cr

Solar Industries India gained 2.83% to Rs 10,840.80 after the company and its subsidiary received export orders worth Rs 2,039 crore for supply of defence products.

03 Dec 2024, 10:34 am

Solar Industries India wins exports orders worth Rs 2039 cr

02 Dec 2024, 07:45 pm

Solar Industries India wins export orders of Rs 580 cr

09 Nov 2024, 07:42 pm

Solar Industries India Ltd Stock Analysis

Annual revenue for Solar Industries India Ltd decreased by 10.48% to ₹3,775.86 crore in FY 2024 from ₹4,218.09 crore in FY 2023.
Annual Net Profit for Solar Industries India Ltd increased by 33.88% to ₹596.30 crore in FY 2024 from ₹445.39 crore in FY 2023.
Promoter Shareholding in Solar Industries India Ltd remains unchanged by 0.00% in the most recent quarter, from 73.15% in September 2024 to 73.15% in December 2024.
Solar Industries India Ltd delivered a 1-year return of 40.01% compared to the Nifty 50, which provided a return of 8.41% as of the last trading session.
Solar Industries India Ltd share price moved down by 2.70% from its previous close of INR ₹9,581.85. The latest Solar Industries India Ltd share price is INR ₹9,323.25.
Solar Industries India Ltd share price today has been at a low of 9,080 and a high of 9,656.95. Over the past 52 weeks, the Solar Industries India Ltd share price has seen a low of 6,275 and a high of 13,298.

About Solar Industries India Ltd

Solar Industries India Ltd. is the top manufacturer of industrial explosives and explosive-initiating devices. The company operates in the chemicals sector, specifically focusing on industrial explosives and defense products. Solar Industries India Ltd. was founded in 1995. Thus, it has many decades of experience in the chemical industry.

The headquarters of Solar Industries India Ltd. is located in Nagpur, Maharashtra, India. The company is promoted by the Nuwal family, with key promoters including Satyanarayan Nuwal and Manish Nuwal. They serve as the chairman & non-executive director and managing director & CEO of the company. The other crucial managerial promoters of Solar Industries include:

Suresh Menon
Milind Deshmukh
Natrajan Ramkrishna

Solar Industries' main products include industrial explosives such as bulk explosives, packaged explosives, and initiating systems. The company also manufactures defense products, as well as composite propellants, ammunition, and warheads. Its defense products include high-energy materials like HMX, RDX, and TNT.

Solar Industries India Ltd. is one of the largest domestic manufacturers of industrial explosives and defense products. The company holds a significant market share in the explosives industry. With a significant market capitalization, Solar Industries is a major player in its sector.

The promoter shareholding in Solar Industries India Ltd. stands at 73.15%, indicating strong promoter commitment to the business. The major shares are held by Manish Satyanarayan Nuwal and Kailash Chandra Nuwal. They hold 38.93% and 23.08% of shares from total promoter shareholding.

The registered office of the company is located at Solar House, 14, Kachimet, Amravati Road, Nagpur - 440023, Maharashtra, India. Its registrar & transfer agent is Link Intime India Private Limited.

Solar Industries India Ltd. is a well-established company in the industrial explosives and defense sector. The company is known for its comprehensive range of products and strong market presence. Its commitment to innovation, quality, and customer satisfaction has strengthened its position as a reliable name in the industry.

Impact of the Company

Solar Industries India Ltd. has emerged as a transformative force in India's industrial explosives and defense sector since its inception in 1995. Based in Nagpur, Maharashtra, the company has grown from a regional player to a market leader. This significantly impacts both the domestic and international markets for explosives and defense materials.

The company's impact on the industrial sector has been particularly noteworthy. This is possible through its comprehensive range of explosive products. As a manufacturer controlling significant market share, Solar Industries has played a crucial role in supporting India's mining, infrastructure, and construction sectors. Their bulk explosives, packaged explosives, and initiating systems have become essential components in these industries.

Thus, it contributes to the nation's developmental projects and resource extraction capabilities. This market dominance has created substantial employment opportunities. Also, this has helped the company to establish India as a significant player in the global explosives market.

In the defense sector, Solar Industries has made remarkable strides in strengthening India's military capabilities and self-reliance. The company produces sophisticated high-energy materials like HMX, RDX, and TNT, along with composite propellants, ammunition, and warheads. These productions have reduced the country's dependence on foreign imports for critical defense supplies. This achievement aligns perfectly with India's "Make in India" initiative. Also, this has enhanced the nation's strategic autonomy in defense manufacturing.

The strong promoter shareholding of the company has had a significant impact on its stability and long-term strategic planning. This high level of promoter commitment has enabled Solar Industries to make bold investment decisions and maintain consistent quality standards. The high resulting market capitalization reflects the company's major economic impact and its contribution to India's capital markets.

From a technological perspective, Solar Industries has been instrumental in driving innovation within the sector. Their commitment to research and development has led to the introduction of newer, safer, and more efficient explosive products. This has improved safety standards across the industry and also helped in reducing the environmental impact of explosive manufacturing and usage.

The company's economic impact extends beyond its direct operations. Solar Industries is a major employer in the Nagpur region and other operational locations. Thus, it has contributed significantly to local economic development. Their presence has created a network of suppliers, service providers, and auxiliary industries. This creates a multiplier effect on employment and economic growth in these regions.

Solar Industries India Ltd.'s impact on the Indian industrial and defense landscape has been profound and multi-faceted. The company has successfully balanced commercial success with national interests. Thus, it has become a crucial player in India's industrial growth and defense preparedness. Their market leadership, technological innovations, and strong corporate governance have set industry standards and created a blueprint for other companies in the sector.

As India continues its journey towards becoming a global manufacturing hub and strengthening its defense capabilities, Solar Industries' role as a key enabler of this transformation cannot be understated. Looking ahead, Solar Industries appears well-positioned to continue its impactful journey, driving innovation and growth in both the industrial and defense sectors.