Solar Industries India Limited (SOLARINDS) AI Stock Analysis

• Market Cap: ₹1.27T
• Dividend Yield: 0.07%
• Average Volume (3M): 4.26K
• Price to Earnings (P/E): 100.8
• Beta (1Y): 1.16
• Revenue Growth: 31.70%
• EPS Growth: 36.40%
• Country: IN
• Employees: 1,886
• Sector: Energy
• Sector Strength: 52
• Industry: Chemicals - Specialty
• EPS (TTM): 37.40
• Shares Outstanding: 90,490,060
• 10 Day Avg. Volume: 4,512
• 30 Day Avg. Volume: 4,260
• PEG Ratio: 1.86
• Price to Book (P/B): 22.97
• Price to Sales (P/S): 13.36
• P/FCF Ratio: 68.92
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹15,104.00
• Price Target Upside: 7.50% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 65 Neutral
• Price Target: ₹15,104.00 ▲(7.50% Upside)

The overall stock score of 65 reflects strong financial performance and solid cash flow generation, which are offset by technical indicators suggesting potential short-term weakness and a high P/E ratio indicating overvaluation. The absence of earnings call data and corporate events means these factors did not influence the score.

Solar Industries India Limited Business Overview & Revenue Model

Company Description

Solar Industries India Limited, together with its subsidiaries, engages in the manufacture and sale of industrial explosives and explosive initiating devices in India and internationally. It offers industrial explosives, such as packaged and bulk explosives; and initiating systems, including electronic, non-electric, electric, and plain detonators, as well as cord relays, cast boosters, detonating cords, and aluminum elemented det products. The company also provides defense products, including unmanned aerial systems and drones, ammunitions, military explosives, bombs and warheads, rockets, and drones armed with guided missiles, as well as counter drone systems and initiating systems and pyros comprising fuzes, detonators, ignitors, decoys and flares, and riot control devices. It primarily serves mining, defense, and infrastructure sectors. The company was formerly known as Solar Explosives Limited and changed its name to Solar Industries India Limited in February 2009. Solar Industries India Limited was founded in 1983 and is headquartered in Nagpur, India.

How the Company Makes Money

Solar Industries India Limited generates revenue primarily through the sale of explosives and initiating systems to industries such as mining, infrastructure, and defense. The company's revenue streams include the manufacturing and distribution of bulk explosives, packaged explosives, detonators, and other related products. A significant portion of its income is derived from long-term contracts with government and private sector clients in India and abroad. Additionally, the company's strategic partnerships with defense organizations and international expansion into markets across Africa, the Middle East, and Southeast Asia contribute significantly to its earnings. Innovation in product offerings and adherence to stringent safety standards also play a crucial role in maintaining its competitive edge and profitability.

Solar Industries India Limited Financial Statement Overview

Summary

Solar Industries India Limited exhibits robust financial health with strong revenue and profit growth, efficient operations, manageable leverage, and solid cash flow generation. The company's financial statements indicate a positive outlook, with potential for continued growth and profitability.

Income Statement

Solar Industries India Limited demonstrates strong growth with a substantial increase in revenue and net income over the years. The company's gross profit margin has remained robust, and the net profit margin has improved, indicating efficient cost management. Notably, the EBIT and EBITDA margins are strong, showcasing operational efficiency. Overall, the income statement reflects a positive growth trajectory and solid profitability.

Balance Sheet

The company maintains a healthy balance sheet with a favorable equity ratio, indicating a strong equity base relative to total assets. The debt-to-equity ratio is moderate, suggesting manageable leverage levels. Return on equity has seen improvement, driven by increasing net income, which is a positive indicator of shareholder value creation. However, attention should be given to the rising total liabilities, which could pose risks if growth does not continue.

Cash Flow

Solar Industries India Limited showcases strong cash flow management, with significant growth in free cash flow over the recent periods. The operating cash flow to net income ratio is favorable, indicating effective cash generation from operations. Additionally, the company maintains a solid free cash flow to net income ratio, further highlighting its capability to generate cash beyond earnings. The positive trajectory in cash flows supports future investment and debt servicing capabilities.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	80.10B	75.40B	60.70B	69.23B	39.48B	25.16B
Gross Profit	33.88B	35.71B	28.27B	25.38B	15.90B	11.44B
EBITDA	20.62B	19.20B	15.52B	13.83B	7.88B	5.47B
Net Income	12.62B	12.09B	8.36B	7.57B	4.41B	2.76B
Balance Sheet
Total Assets	0.00	82.61B	57.37B	50.36B	37.24B	30.30B
Cash, Cash Equivalents and Short-Term Investments	11.25B	11.25B	4.67B	2.79B	987.50M	1.75B
Total Debt	0.00	9.75B	11.38B	11.95B	8.88B	8.08B
Total Liabilities	-45.37B	37.25B	23.10B	22.86B	17.09B	13.88B
Stockholders Equity	45.37B	43.86B	33.06B	26.10B	19.14B	15.79B
Cash Flow
Free Cash Flow	0.00	14.62B	7.24B	1.77B	103.60M	917.20M
Operating Cash Flow	0.00	24.68B	12.84B	6.56B	2.98B	3.57B
Investing Cash Flow	0.00	-15.93B	-7.26B	-5.19B	-3.03B	-2.51B
Financing Cash Flow	0.00	-4.76B	-3.70B	1.18B	-454.00M	-260.70M

Solar Industries India Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14050.15
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SOLARINDS, the sentiment is Positive. The current price of 14050.15 is above the 20-day moving average (MA) of 14003.55, below the 50-day MA of 14264.12, and above the 200-day MA of 12991.56, indicating a neutral trend. The MACD of -67.43 indicates Negative momentum. The RSI at 48.77 is Neutral, neither overbought nor oversold. The STOCH value of 48.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SOLARINDS.

Solar Industries India Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JSWENERGY	67 Neutral	₹945.02B	46.64	―	0.37%	39.71%	1.33%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
SOLARINDS	65 Neutral	₹1.27T	100.77	―	0.07%	31.70%	36.40%
SUZLON	64 Neutral	₹725.18B	34.51	―	―	66.67%	140.42%
ADANIGREEN	61 Neutral	₹1.67T	96.98	―	―	24.27%	38.33%
BORORENEW	54 Neutral	₹85.11B	―	―	―	4.94%	-328.07%
SWSOLAR	45 Neutral	₹52.96B	51.96	―	―	112.24%	-474.43%