Solar Industries India Limited (IN:SOLARINDS)
:SOLARINDS
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Solar Industries India Limited
(SOLARINDS)
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Rating:67Neutral
Price Target:
₹13,097.00
▲(2.86% Upside)
Action:ReiteratedDate:10/24/25
Solar Industries India Limited's overall stock score is driven by its strong financial performance, which is the most significant factor. The technical analysis presents mixed signals, with some potential support but limited momentum. The high P/E ratio and low dividend yield suggest valuation concerns, impacting the overall score.
Positive Factors
Revenue and Profit Growth
Sustained double-digit revenue and net income growth with improving margins indicates durable demand for core products and improving operating leverage. Over 2–6 months this supports reinvestment capacity, margin sustainability, and stronger cash conversion as scale benefits persist.
Negative Factors
Rising Total Liabilities
Increasing total liabilities can strain liquidity and raise interest obligations if revenue growth slows. Over a multi-month horizon, higher liabilities reduce margin for error on cash flow, constrain discretionary spending and make the company more sensitive to funding conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profit Growth
Sustained double-digit revenue and net income growth with improving margins indicates durable demand for core products and improving operating leverage. Over 2–6 months this supports reinvestment capacity, margin sustainability, and stronger cash conversion as scale benefits persist.
Read all positive factors
Solar Industries India Limited (SOLARINDS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.21T
Dividend Yield0.08%
Average Volume (3M)4.26K
Price to Earnings (P/E)62.1
Beta (1Y)1.03
Revenue Growth29.86%
EPS Growth30.68%
CountryIN
Employees1,886
SectorEnergy
Sector Strength52
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)49.30
Shares Outstanding90,490,060
10 Day Avg. Volume4,512
30 Day Avg. Volume4,260
Financial Highlights & Ratios
PEG Ratio1.86
Price to Book (P/B)22.97
Price to Sales (P/S)13.36
P/FCF Ratio68.92
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹16,700.00Price Target Upside31.16% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)245.81
Revenue Forecast (FY)₹124.95B
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 ...
How the Company Makes Money
Solar Industries makes money mainly by manufacturing and selling explosives and initiating systems used in blasting. Its revenue model is largely business-to-business, supplying mining companies, quarry operators, and infrastructure/construction c...
Solar Industries India Limited Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
82
Very Positive
Cash Flow
85
Very Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 83.76B | 75.40B | 60.70B | 69.23B | 39.48B | 25.16B |
| Gross Profit | 37.98B | 35.71B | 28.27B | 25.38B | 15.90B | 11.44B |
| EBITDA | 21.68B | 19.20B | 15.52B | 13.83B | 7.88B | 5.47B |
| Net Income | 13.21B | 12.09B | 8.36B | 7.57B | 4.41B | 2.76B |
Balance Sheet | ||||||
| Total Assets | 90.17B | 82.61B | 57.37B | 50.36B | 37.24B | 30.30B |
| Cash, Cash Equivalents and Short-Term Investments | 6.90B | 11.25B | 4.67B | 2.79B | 987.50M | 1.75B |
| Total Debt | 11.70B | 9.75B | 11.38B | 11.95B | 8.88B | 8.08B |
| Total Liabilities | 36.86B | 37.25B | 23.10B | 22.86B | 17.09B | 13.88B |
| Stockholders Equity | 51.16B | 43.86B | 33.06B | 26.10B | 19.14B | 15.79B |
Cash Flow | ||||||
| Free Cash Flow | -6.67B | 14.62B | 7.24B | 1.77B | 103.60M | 917.20M |
| Operating Cash Flow | 958.60M | 24.68B | 12.84B | 6.56B | 2.98B | 3.57B |
| Investing Cash Flow | -2.84B | -15.93B | -7.26B | -5.19B | -3.03B | -2.51B |
| Financing Cash Flow | -2.92B | -4.76B | -3.70B | 1.18B | -454.00M | -260.70M |
Solar Industries India Limited Technical Analysis
Positive
12732.70
Price Trends
13466.15
Negative
13188.77
Positive
14002.66
Negative
Market Momentum
-204.00
Positive
50.95
Neutral
83.49
Negative
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 12732.7 is below the 20-day moving average (MA) of 13552.25, below the 50-day MA of 13466.15, and below the 200-day MA of 14002.66, indicating a bearish trend. The MACD of -204.00 indicates Positive momentum. The RSI at 50.95 is Neutral, neither overbought nor oversold. The STOCH value of 83.49 is Negative, 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹1.21T | 62.11 | ― | 0.08% | 29.86% | 30.68% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | ₹857.73B | 50.05 | ― | 0.41% | 39.71% | 1.33% | |
62 Neutral | ₹1.52T | -1,019.54 | ― | ― | 14.16% | 75.34% | |
60 Neutral | ₹569.57B | 40.55 | ― | ― | 74.67% | 229.31% | |
49 Neutral | ₹59.10B | 18.86 | ― | ― | 7.68% | -114.23% | |
43 Neutral | ₹38.64B | -446.21 | ― | ― | 112.24% | -474.43% |
* Energy Sector Average
IN:SOLARINDS
Solar Industries India Limited
13,401.55
2,533.80
23.31%
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Solar Industries India Limited Corporate Events
Solar Industries’ Arm to Build Robotics and UAV Facility at Nagpur SEZ
Mar 8, 2026
Solar Defence and Aerospace Limited, a wholly owned subsidiary of Solar Industries India Limited, has conducted a Bhoomi Pujan ceremony for a new Robotics and Unmanned Aerial Vehicle manufacturing facility at the MIHAN Special Economic Zone in Nag...
Solar Industries India Reports Postal Ballot Voting Results to Exchanges
Feb 24, 2026
Solar Industries India Limited has reported the outcome of a recent postal ballot process conducted via remote e-voting between January 24 and February 23, 2026, in line with Regulation 44(3) of SEBI’s Listing Obligations and Disclosure Requ...
Solar Industries Launches E-Voting Postal Ballot for Special Business Approvals
Jan 23, 2026
Solar Industries India Limited has initiated a postal ballot process, conducted exclusively via remote e-voting, to obtain shareholder approval for certain special business items set out in a notice dated January 14, 2026. In line with SEBI Listin...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.