Solar Industries

Why is Solar Industries India Ltd falling/rising?

As of 02-Aug, Solar Industries India Ltd's stock price is rising to Rs 18,373.80, up 1.79%, driven by a trend reversal, increased investor interest, and strong long-term fundamentals. The stock is nearing its 52-week high and has outperformed the market with a 29.15% return over the past year.

As of 02-Aug, Solar Industries India Ltd's stock price is rising, currently at Rs 18,373.80, reflecting an increase of Rs 323.45 or 1.79%. This upward movement can be attributed to several factors. Firstly, the stock has shown a trend reversal, gaining after three consecutive days of decline. It opened with a gain of 2% today and reached an intraday high of Rs 18,605, which is a 3.07% increase. Additionally, the stock is close to its 52-week high, being only 4.3% away from Rs 19,160.55.<BR><BR>Investor participation has also increased, with delivery volume rising by 53.97% compared to the five-day average, indicating growing interest in the stock. Furthermore, the company has demonstrated strong long-term fundamental strength, evidenced by a robust average Return on Capital Employed (ROCE) of 32.70% and significant growth in net sales and operating profit over the past six months. The positive financial results over the last eight consecutive quarters, including a 56% growth in profit after tax, further bolster investor confidence.<BR><BR>Despite some negative factors, such as a high valuation and a relatively expensive PEG ratio of 2.6, the stock has consistently outperformed the broader market, generating a 29.15% return over the past year. This combination of strong fundamentals, positive market sentiment, and increased trading activity has contributed to the stock's rising price.

Which are the latest news on Solar Industries?

How big is Solar Industries?

As of 10th June, Solar Industries India Ltd has a market capitalization of 164,239.00 Cr and reported net sales of 9,837.74 Cr and net profit of 1,677.55 Cr over the latest four quarters.

As of 10th June, <BR><BR>Market Cap: Solar Industries India Ltd has a market capitalization of 164,239.00 Cr, classified as a Large Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 9,837.74 Cr, while the sum of Net Profit for the same period is 1,677.55 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period for the balance sheet is March 2025. Shareholder's Funds are valued at 4,386.34 Cr, and Total Assets amount to 8,105.54 Cr.

Who are in the management team of Solar Industries?

The management team of Solar Industries includes Chairman Satyanarayan Nuwal, Managing Director & CEO Manish Nuwal, and several independent and executive directors, including Khushboo Pasari, Amrendra Verma, Suresh Menon, Sujitha Karnad, Milind Deshmukh, Natrajh Ramakrishna, and Jagdish Chandra Belwal. They are responsible for guiding the company's strategy and operations.

The management team of Solar Industries includes the following key individuals:<BR><BR>1. **Satyanarayan Nuwal** - Chairman (Non-Executive)<BR>2. **Manish Nuwal** - Managing Director & CEO<BR>3. **Khushboo Pasari** - Company Secretary & Compliance Officer<BR>4. **Amrendra Verma** - Independent Director<BR>5. **Suresh Menon** - Executive Director<BR>6. **Sujitha Karnad** - Independent Director<BR>7. **Milind Deshmukh** - Whole-time Director<BR>8. **Natrajh Ramakrishna** - Independent Director<BR>9. **Jagdish Chandra Belwal** - Independent Director<BR><BR>This team plays a crucial role in guiding the company's strategy and operations.

Who are the peers of the Solar Industries?

Peers of Solar Industries include Linde India, PCBL Chemical, Refex Industries, and others, with varying management and growth risks. Solar Industries shows excellent management and growth, while Stallion India has the highest 1-year return at 170.20%, and PCBL Chemical has the lowest at -31.44%.

Peers: The peers of Solar Industries are Linde India, PCBL Chemical, Refex Industries, Prem. Explosives, Ellen.Indl.Gas, Stallion India, GOCL Corpn., Keltech Energies, and Monolithisch Ind.<BR><BR>Quality Snapshot: Excellent management risk is observed at Solar Industries, while Good management risk is found at Linde India and PCBL Chemical, and Average management risk is seen at Refex Industries, Prem. Explosives, Ellen.Indl.Gas, GOCL Corpn., Keltech Energies, and Monolithisch Ind. Below Average management risk is noted at Stallion India. In terms of Growth, Excellent growth is seen at Solar Industries, Refex Industries, and Monolithisch Ind, while Good growth is found at PCBL Chemical, Prem. Explosives, Stallion India, and Keltech Energies. Average growth is observed at Ellen.Indl.Gas, and Below Average growth is noted at Linde India and GOCL Corpn. Capital Structure is Excellent at Solar Industries and Linde India, Good at Refex Industries, Prem. Explosives, Stallion India, and Keltech Energies, Average at PCBL Chemical, and Below Average at GOCL Corpn.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Stallion India at 170.20%, while the lowest is PCBL Chemical at -31.44%. Solar Industries has a 1-year return of 8.15%, which is higher than PCBL Chemical but lower than Stallion India. Additionally, the six-month return is negative for Linde India, PCBL Chemical, Refex Industries, Ellen.Indl.Gas, and Stallion India.

What does Solar Industries do?

Solar Industries India Limited manufactures industrial explosives and explosive initiating devices, classified as a Large Cap company with a market cap of INR 164,239 Cr. As of March 2026, it reported net sales of 3,053 Cr and a net profit of 548 Cr.

Overview: <BR>Solar Industries India Limited is engaged in the manufacturing of a complete range of industrial explosives and explosive initiating devices, operating within the Other Chemical products industry and classified as a Large Cap company.<BR><BR>History: <BR>Solar Industries India Ltd was incorporated in an unspecified year and has maintained its status as a leading manufacturer in its field. The latest quarterly results reported are for March 2026, showcasing the company's ongoing performance.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 3,053 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: 548 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 164,239 Cr (Large Cap)<BR><BR>Key Metrics: <BR>P/E: 95.00 <BR>Industry P/E: 42 <BR>Dividend Yield: 0.05% <BR>Debt-Equity: 0.15 <BR>Return on Equity: 26.72% <BR>Price to Book: 26.26<BR><BR>Contact Details: <BR>Address: Solar House 14 Kachimet, Amravati Road Nagpur Maharashtra : 440023 <BR>Phone: 91-0712-2561000/2560010/6681888 <BR>Email: solar@solargroup.com <BR>Website: http://www.solargroup.com

Are Solar Industries India Ltd latest results good or bad?

Solar Industries India Ltd's latest results are strong, with net sales of ₹3,052.75 crores representing a 40.90% year-over-year growth and a net profit of ₹547.63 crores, up 69.95%. This performance indicates a positive outlook for the company, driven by robust demand and effective cost management.

Solar Industries India Ltd's latest results for the quarter ending March 2026 are quite strong and indicate a positive performance overall. The company reported net sales of ₹3,052.75 crores, which marks a significant year-over-year growth of 40.90% and a quarter-over-quarter increase of 19.79%. This impressive revenue growth reflects robust demand across its sectors, particularly in defence and industrial explosives.<BR><BR>Additionally, the net profit for the quarter reached ₹547.63 crores, showcasing a remarkable year-over-year increase of 69.95%. The operating margin remained healthy at 27.06%, and the profit after tax (PAT) margin expanded to 18.21%, indicating effective cost management and operational efficiency.<BR><BR>Overall, these results highlight Solar Industries' strong market position and operational capabilities, suggesting that the company's performance in this quarter is indeed good. The sustained momentum in both revenue and profit growth, along with a solid order book and expanding international presence, further reinforces a positive outlook for the company.

Should I buy, sell or hold Solar Industries India Ltd?

When is the next results date for Solar Industries India Ltd?

The next results date for Solar Industries India Ltd is 03 February 2026.

The next results date for Solar Industries India Ltd is scheduled for 03 February 2026.

Is Solar Industries technically bullish or bearish?

As of December 3, 2025, the technical trend is mildly bearish, indicated by bearish MACD and KST signals on both weekly and monthly charts, alongside a bearish outlook from Bollinger Bands, despite daily moving averages showing mild bullishness.

As of 3 December 2025, the technical trend has changed from sideways to mildly bearish. The current technical stance is mildly bearish, driven by several key indicators. The MACD is bearish on the weekly chart and mildly bearish on the monthly chart. The KST is also bearish weekly and mildly bearish monthly. The Dow Theory confirms a mildly bearish stance on both weekly and monthly time frames. Although the daily moving averages indicate a mildly bullish trend, the overall sentiment is dampened by the bearish signals from the Bollinger Bands on the weekly chart and the lack of strong signals from the RSI. The stock has underperformed against the Sensex over the past month, further supporting the bearish outlook.

How has been the historical performance of Solar Industries?

Solar Industries has exhibited significant growth from Mar'20 to Mar'25, with net sales increasing from 2,237.30 Cr to 7,540.26 Cr, and profit after tax rising from 276.35 Cr to 1,282.38 Cr, alongside a reduction in total debt to zero by Mar'25. The company's total assets also grew substantially, reflecting strong financial performance across various metrics.

Answer:<BR>The historical performance of Solar Industries shows significant growth in various financial metrics over the years.<BR><BR>Breakdown:<BR>Solar Industries has demonstrated a strong upward trend in net sales, increasing from 2,237.30 Cr in Mar'20 to 7,540.26 Cr in Mar'25. This growth is reflected in total operating income, which rose from 2,461.57 Cr in Mar'19 to 7,540.26 Cr in Mar'25. The company has also seen fluctuations in raw material costs, peaking at 3,819.54 Cr in Mar'23 before settling at 3,375.36 Cr in Mar'25. Operating profit (PBDIT) has improved significantly, reaching 2,031.19 Cr in Mar'25, up from 475.37 Cr in Mar'20. Profit before tax has also increased, from 335.80 Cr in Mar'20 to 1,733.19 Cr in Mar'25, while profit after tax rose from 276.35 Cr to 1,282.38 Cr in the same period. The company's total assets grew from 2,480.79 Cr in Mar'20 to 8,105.54 Cr in Mar'25, indicating robust asset accumulation. Total liabilities increased from 2,480.79 Cr to 8,105.54 Cr, with a notable reduction in total debt from 1,169.23 Cr in Mar'23 to zero in Mar'25. Cash flow from operating activities has also improved, reaching 2,467.00 Cr in Mar'25, contributing to a closing cash balance of 590.00 Cr. Overall, Solar Industries has shown strong financial performance and growth across multiple dimensions over the years.

Who are the top shareholders of the Solar Industries?

The top shareholders of Solar Industries include promoter Manish Satyanarayan Nuwal with 38.93%, mutual funds holding 12.22%, foreign institutional investors at 6.79%, and individual investors with 4.75%. There are no pledged promoter holdings reported.

The top shareholders of Solar Industries include the promoters, who hold the majority of the shares. The promoter with the highest holding is Manish Satyanarayan Nuwal, owning 38.93% of the company. Additionally, mutual funds are represented by 31 schemes, accounting for 12.22% of the shares, while foreign institutional investors (FIIs) hold 6.79% through 407 different entities. Individual investors collectively own 4.75% of the shares. Notably, there are no pledged promoter holdings reported.

Is Solar Industries overvalued or undervalued?

As of August 21, 2020, Solar Industries is considered very expensive with a PE ratio of 123.77 and significant overvaluation compared to peers like Godrej Industries and Gujarat Fluoroch, despite outperforming the Sensex with a year-to-date return of 72.06%.

As of 21 August 2020, Solar Industries' valuation grade has moved from expensive to very expensive, indicating a significant increase in perceived overvaluation. The company is currently considered overvalued, supported by a PE ratio of 123.77, a Price to Book Value of 34.13, and an EV to EBITDA ratio of 76.22. These ratios highlight a premium valuation compared to its peers.<BR><BR>In comparison, Godrej Industries, which is rated attractive, has a PE ratio of 46.63 and an EV to EBITDA of 34.36, demonstrating a stark contrast in valuation metrics. Other peers like Gujarat Fluoroch and Deepak Nitrite also show lower valuations, with PE ratios of 73.59 and 37.97, respectively. Notably, Solar Industries has outperformed the Sensex significantly over various periods, with a year-to-date return of 72.06% compared to the Sensex's 5.62%, reinforcing the narrative of its current overvaluation.

Has Solar Industries declared dividend?

Yes, Solar Industries India Ltd has declared a dividend of 425% (₹8.5 per share) with an ex-date of July 4, 2024. Despite a low dividend yield of 0.05%, the company has shown strong price appreciation, with total returns of up to 1691.47% over the past five years.

Yes, Solar Industries India Ltd has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 425%<BR>- Amount per share: 8.5<BR>- Ex-date: Jul-04-2024<BR><BR>Dividend Yield: 0.05%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was 52.55%, with a dividend return of 0%, resulting in a total return of 52.55%.<BR><BR>Over the past year, the price return was 80.69%, with a dividend return of 0.09%, leading to a total return of 80.78%.<BR><BR>In the 2-year period, the price return reached 328.92%, while the dividend return was 0.22%, culminating in a total return of 329.14%.<BR><BR>For the 3-year period, the price return was 490.47%, with a dividend return of 0.60%, resulting in a total return of 491.07%.<BR><BR>Over the last 4 years, the price return was 961.14%, and the dividend return was 1.90%, giving a total return of 963.04%.<BR><BR>In the 5-year span, the price return was 1687.83%, with a dividend return of 3.64%, leading to a total return of 1691.47%.<BR><BR>Overall, Solar Industries has declared a significant dividend, and while the dividend yield is relatively low, the total returns over various periods indicate strong price appreciation, reflecting a positive performance trend for the company.