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Solar Industries India Limited (SOLARINDS) Price & Analysis

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SOLARINDS Stock Chart & Stats

₹18489.15

₹134.00(0.72%)

At close: Jul 27 4:00 PM EDT

₹18489.15

₹134.00(0.72%)

Day’s Range― - ―

52-Week Range₹11,641.10 - ₹20,420.00

Previous CloseN/A

Volume55.53K

Average Volume (3M)4.26K

Market Cap

₹1.82T

Enterprise Value₹1.10M

Total Cash (Recent Filing)₹4.81B

Total Debt (Recent Filing)₹0.00

Price to Earnings (P/E)89.6

Beta0.82

Next Earnings

Nov 14, 2026

EPS Estimate

52.2

Next Dividend Ex-DateN/A

Dividend Yield0.06%

Share Statistics

EPS (TTM)220.06

Shares Outstanding90,490,060

10 Day Avg. Volume4,512

30 Day Avg. Volume4,260

Financial Highlights & Ratios

PEG Ratio1.68

Price to Book (P/B)17.41

Price to Sales (P/S)11.11

P/FCF Ratio-87.78

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price TargetN/A

Price Target UpsideN/A

Rating ConsensusN/A

Number of Analyst Covering0

EPS Forecast (FY)285.4

Revenue Forecast (FY)₹141.54B

Bulls Say, Bears Say

Bulls Say

Strong Revenue And Profit GrowthRapid multi-year revenue expansion and strong FY2026 earnings indicate sustained demand across mining and infrastructure markets. Scale benefits and a 17% net margin provide a durable foundation for continued profitability if execution remains consistent.

Conservative Leverage And High ReturnsLow relative leverage gives Solar Industries financial capacity to fund growth while limiting balance-sheet strain. Consistently high ROE also shows that the company has historically converted its equity base into profits efficiently.

Integrated, Recurring Customer ModelCombining explosives, initiation systems and technical blasting services can deepen customer relationships and increase share of wallet. Repeat requirements from mines and infrastructure contractors support recurring demand and create service and reliability-based differentiation.

Bears Say

Weak Cash Conversion And Negative Free Cash FlowThe large gap between earnings and operating cash flow, together with negative free cash flow, reduces internal funding capacity. If weak conversion persists, expansion may require additional financing and leave less flexibility during demand or cost pressures.

Gross Margin VolatilityMargin compression indicates that reported earnings may be sensitive to input costs, product mix and pricing. Sustaining profitability will depend on passing through cost increases and maintaining a favorable mix as the business continues to scale.

Rising Absolute Debt With ExpansionAlthough leverage remains conservative, higher absolute debt raises the importance of successful capacity investments and cash generation. Delays, underutilization or weaker returns from expansion could gradually reduce financial flexibility and pressure balance-sheet quality.

Solar Industries India Limited News

Solar Industries Publishes Q1 FY2026 Unaudited Results in Newspapers

Solar Industries India Limited ( ($IN:SOLARINDS) ) has shared an announcement. Solar Industries India Limited has notified the...

5d ago

Solar Industries to Join India Investment Forum 2026 in Mumbai

An announcement from Solar Industries India Limited ( ($IN:SOLARINDS) ) is now available. Solar Industries India Limited has...

3M ago

Solar Industries Publishes IEPF Share Transfer Notices for Dormant Investor Accounts

Solar Industries India Limited ( ($IN:SOLARINDS) ) has issued an update. Solar Industries India Limited has notified stock...

4M ago

Solar Industries’ Arm to Build Robotics and UAV Facility at Nagpur SEZ

Solar Industries India Limited ( ($IN:SOLARINDS) ) has provided an announcement. Solar Defence and Aerospace Limited, a wholly...

6M ago

Solar Industries India Reports Postal Ballot Voting Results to Exchanges

An update from Solar Industries India Limited ( ($IN:SOLARINDS) ) is now available. Solar Industries India Limited has...

6M ago

Solar Industries Launches E-Voting Postal Ballot for Special Business Approvals

The latest announcement is out from Solar Industries India Limited ( ($IN:SOLARINDS) ). Solar Industries India Limited has...

7M ago

Solar Industries Initiates Postal Ballot for Member Approval

Solar Industries India Limited ( ($IN:SOLARINDS) ) has issued an update. Solar Industries India Limited has announced the...

9M ago

Solar Industries Announces Director Cessation and Transition

An update from Solar Industries India Limited ( ($IN:SOLARINDS) ) is now available. Solar Industries India Limited announced...

11M ago

SOLARINDS FAQ

What was Solar Industries India Limited’s price range in the past 12 months?

Solar Industries India Limited lowest stock price was ₹11641.10 and its highest was ₹20420.00 in the past 12 months.

What is Solar Industries India Limited’s market cap?

Solar Industries India Limited’s market cap is ₹1.82T.

When is Solar Industries India Limited’s upcoming earnings report date?

Solar Industries India Limited’s upcoming earnings report date is Nov 14, 2026 which is in 86 days.

How were Solar Industries India Limited’s earnings last quarter?

Solar Industries India Limited released its earnings results on Aug 13, 2026. The company reported ₹72.105 earnings per share for the quarter, beating the consensus estimate of ₹58.858 by ₹13.247.

Is Solar Industries India Limited overvalued?

According to Wall Street analysts Solar Industries India Limited’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Solar Industries India Limited pay dividends?

Solar Industries India Limited pays a Annually dividend of ₹11 which represents an annual dividend yield of 0.06%. See more information on Solar Industries India Limited dividends here

What is Solar Industries India Limited’s EPS estimate?

Solar Industries India Limited’s EPS estimate is 52.2.

How many shares outstanding does Solar Industries India Limited have?

Solar Industries India Limited has 90,490,060 shares outstanding.

What happened to Solar Industries India Limited’s price movement after its last earnings report?

Solar Industries India Limited reported an EPS of ₹72.105 in its last earnings report, beating expectations of ₹58.858. Following the earnings report the stock price went up 6.431%.

Which hedge fund is a major shareholder of Solar Industries India Limited?

Currently, no hedge funds are holding shares in IN:SOLARINDS

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Solar Industries India Limited

Solar Industries India Limited, through its subsidiaries, is a global producer and distributor of industrial explosives and their associated initiating devices. Its extensive product line features industrial explosives, available in both packaged and bulk formats, as well as a comprehensive array of initiating systems. These include electronic, non-electric, electric, and plain detonators, along with cord relays, cast boosters, detonating cords, and aluminum elemented det products. The company also manufactures a wide range of defense solutions, such as unmanned aerial systems (UAS) and various drones, ammunition, military-grade explosives, bombs, warheads, rockets, and drones armed with guided missiles. Additionally, it supplies counter-drone technologies and specialized initiating systems and pyrotechnics like fuzes, detonators, ignitors, decoys, flares, and riot control devices. Primarily serving the mining, defense, and infrastructure sectors, Solar Industries India Limited was founded in 1983. Based in Nagpur, India, the company was formerly known as Solar Explosives Limited before adopting its current name in February 2009.