Solar Industries India Limited (SOLARINDS) AI Stock Analysis

• Market Cap: ₹1.37T
• Dividend Yield: 0.07%
• Average Volume (3M): 4.42K
• Price to Earnings (P/E): 108.3
• Beta (1Y): 1.03
• Revenue Growth: 31.70%
• EPS Growth: 36.40%
• Country: IN
• Employees: 1,886
• Sector: Energy
• Sector Strength: 45
• Industry: Chemicals - Specialty
• EPS (TTM): 37.40
• Shares Outstanding: 90,490,060
• 10 Day Avg. Volume: 6,978
• 30 Day Avg. Volume: 4,419
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ₹16,225.00
• Price Target Upside: 7.42% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 68 Neutral
• Price Target: ₹16,225.00 ▲(7.42% Upside)

The overall stock score of 68 reflects strong financial performance, which is the most significant factor, indicating robust growth and profitability. However, the technical analysis suggests mixed signals with potential short-term volatility. The high P/E ratio and low dividend yield indicate potential overvaluation and limited income potential, which negatively impact the score.

Solar Industries India Limited Business Overview & Revenue Model

Company Description

Solar Industries India Limited (SOLARINDS) is a leading manufacturer of industrial explosives and explosive initiating systems in India. The company operates in the defense, mining, and infrastructure sectors, providing a wide range of products including bulk explosives, packaged explosives, and electronic detonators. With a strong focus on innovation and sustainability, Solar Industries has expanded its operations to international markets, delivering high-quality solutions tailored to meet the diverse needs of its global clientele.

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 positive financial trajectory suggests continued growth and profitability, although rising liabilities should be monitored.

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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	75.40B	59.09B	68.04B	38.29B	24.55B
Gross Profit	36.33B	20.41B	24.37B	14.84B	10.94B
EBITDA	19.60B	14.14B	13.20B	7.67B	5.36B
Net Income	12.09B	8.36B	7.57B	4.41B	2.76B
Balance Sheet
Total Assets	82.61B	57.37B	50.36B	37.24B	30.30B
Cash, Cash Equivalents and Short-Term Investments	12.54B	4.67B	2.70B	883.20M	1.76B
Total Debt	9.75B	11.38B	11.95B	8.88B	8.08B
Total Liabilities	37.25B	23.10B	22.86B	17.09B	13.88B
Stockholders Equity	43.86B	33.06B	26.10B	19.14B	15.79B
Cash Flow
Free Cash Flow	14.62B	7.24B	1.77B	103.60M	917.20M
Operating Cash Flow	24.68B	12.84B	6.56B	2.98B	3.57B
Investing Cash Flow	-15.93B	-7.26B	-5.19B	-3.03B	-2.51B
Financing Cash Flow	-4.76B	-3.70B	1.18B	-454.00M	-260.70M

Solar Industries India Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 15104.70
• 50DMA: Negative
• 100DMA: Positive
• 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 15104.7 is above the 20-day moving average (MA) of 14680.54, below the 50-day MA of 15880.61, and above the 200-day MA of 12139.11, indicating a neutral trend. The MACD of -252.76 indicates Negative momentum. The RSI at 50.23 is Neutral, neither overbought nor oversold. The STOCH value of 74.59 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
SOLARINDS	68 Neutral	₹1.37T	108.33		0.07%	31.70%	36.40%
JSWENERGY	66 Neutral	₹924.39B	42.49		0.38%	22.49%	6.11%
Sector *	65 Neutral	$14.84B	8.62	2.77%	5.45%	4.51%	-62.52%
SUZLON	64 Neutral	₹823.20B	39.09		―	66.67%	141.02%
ADANIGREEN	60 Neutral	₹1.45T	85.81		―	24.27%	38.33%
BORORENEW	55 Neutral	₹74.87B	―		―	7.96%	-48.06%
SWSOLAR	45 Neutral	₹62.53B	57.24		―	108.08%	―