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Solar Industries India Limited (SOLARINDS) Price & Analysis

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SOLARINDS Stock Chart & Stats

₹12732.70

-₹69.05(-0.71%)

At close: Jan 08 4:00 PM EST

₹12732.70

-₹69.05(-0.71%)

Day’s Range― - ―

52-Week Range₹11,641.10 - ₹18,970.00

Previous CloseN/A

Volume70.79K

Average Volume (3M)4.26K

Market Cap

₹1.65T

Enterprise Value₹1.59T

Total Cash (Recent Filing)₹5.84B

Total Debt (Recent Filing)₹15.24B

Price to Earnings (P/E)98.4

Beta0.88

Next Earnings

Jul 29, 2026

EPS Estimate

58.86

Next Dividend Ex-DateN/A

Dividend Yield0.08%

Share Statistics

EPS (TTM)185.38

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)275.72

Revenue Forecast (FY)₹137.98B

Bulls Say, Bears Say

Bulls Say

Sustained Revenue ScaleThe company has delivered multi-year top-line expansion, scaling revenue nearly fourfold over FY2021–FY2026. Durable volume and customer traction across mining and infrastructure markets support predictable demand and provide a larger base for margin recovery and further operational leverage over the next few quarters.

High Profitability & ROEConsistently strong gross and net margins, together with very high ROE, indicate competitive product economics and efficient capital use. These structural profitability metrics suggest the business can generate attractive returns on incremental sales and sustain cash earnings when revenue momentum holds.

Conservative Leverage RatioA low debt-to-equity ratio after recent improvement gives the company financial flexibility to fund growth and capex. For a capital-intensive specialty chemicals/explosives business, conservative leverage supports durable investment capacity and lowers refinancing risk over the medium term.

Bears Say

Weak Cash ConversionCash generation deteriorated sharply in FY2026, with operating cash far below reported earnings and a large negative free cash flow. Persistent weak cash conversion limits internal funding for capex or working capital, increases reliance on external financing, and heightens vulnerability to market stress.

Margin VolatilityNotable gross margin compression despite rising revenue signals sensitivity to input costs, product mix, or pricing dynamics. Ongoing margin variability undermines cash flow predictability and could pressure earnings resilience if commodity or competitive dynamics deteriorate in the medium term.

Rising Absolute DebtWhile leverage ratios are moderate, absolute debt has nearly doubled as the company expands. Higher nominal debt increases interest and refinancing exposure, especially given weaker cash conversion, and requires disciplined execution to avoid leverage creep if growth or margins falter.

Solar Industries India Limited News

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...

1M 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...

3M 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...

4M 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...

5M 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...

6M 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...

8M 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 ₹18970.00 in the past 12 months.

What is Solar Industries India Limited’s market cap?

Solar Industries India Limited’s market cap is ₹1.65T.

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

Solar Industries India Limited’s upcoming earnings report date is Jul 29, 2026 which is in 16 days.

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

Solar Industries India Limited released its earnings results on May 15, 2026. The company reported ₹60.505 earnings per share for the quarter, beating the consensus estimate of ₹60.158 by ₹0.347.

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 0.08%. 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 58.86.

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 ₹60.505 in its last earnings report, beating expectations of ₹60.158. Following the earnings report the stock price went up 4.084%.

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.