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Solar Industries India Limited (IN:SOLARINDS)
:SOLARINDS
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Solar Industries India Limited (SOLARINDS) AI Stock Analysis

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IN:SOLARINDS

Solar Industries India Limited

(SOLARINDS)

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Neutral 66 (OpenAI - 4o)
Rating:66Neutral
Price Target:
₹15,355.00
▲(11.51% Upside)
The overall stock score of 66 reflects strong financial performance as the most significant factor, supported by robust revenue and profit growth. Technical analysis indicates mixed signals with potential short-term consolidation, while high valuation poses a risk. The absence of earnings call and corporate events data limits further insights.

Solar Industries India Limited (SOLARINDS) vs. iShares MSCI India ETF (INDA)

Solar Industries India Limited Business Overview & Revenue Model

Company DescriptionSolar 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 MoneySolar 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
88
Very Positive
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
82
Very Positive
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
85
Very Positive
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.
BreakdownTTMDec 2025Dec 2024Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue75.50B75.40B59.09B68.04B38.29B24.55B
Gross Profit35.81B36.33B20.41B24.37B14.84B10.94B
EBITDA19.08B19.60B14.14B13.20B7.67B5.36B
Net Income12.09B12.09B8.36B7.57B4.41B2.76B
Balance Sheet
Total Assets82.61B82.61B57.37B50.36B37.24B30.30B
Cash, Cash Equivalents and Short-Term Investments11.25B12.54B4.67B2.70B883.20M1.76B
Total Debt13.70B9.75B11.38B11.95B8.88B8.08B
Total Liabilities37.25B37.25B23.10B22.86B17.09B13.88B
Stockholders Equity43.86B43.86B33.06B26.10B19.14B15.79B
Cash Flow
Free Cash Flow0.0014.62B7.24B1.77B103.60M917.20M
Operating Cash Flow0.0024.68B12.84B6.56B2.98B3.57B
Investing Cash Flow0.00-15.93B-7.26B-5.19B-3.03B-2.51B
Financing Cash Flow0.00-4.76B-3.70B1.18B-454.00M-260.70M

Solar Industries India Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price13770.15
Price Trends
50DMA
14462.62
Negative
100DMA
15201.93
Negative
200DMA
12744.12
Positive
Market Momentum
MACD
-110.67
Positive
RSI
38.75
Neutral
STOCH
6.87
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SOLARINDS, the sentiment is Negative. The current price of 13770.15 is below the 20-day moving average (MA) of 14219.27, below the 50-day MA of 14462.62, and above the 200-day MA of 12744.12, indicating a neutral trend. The MACD of -110.67 indicates Positive momentum. The RSI at 38.75 is Neutral, neither overbought nor oversold. The STOCH value of 6.87 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SOLARINDS.

Solar Industries India Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
67
Neutral
₹908.84B41.787.13%0.38%22.49%6.11%
66
Neutral
₹1.25T98.760.07%31.70%36.40%
64
Neutral
₹758.22B36.0933.93%66.67%140.42%
61
Neutral
₹1.67T97.8911.90%24.27%38.33%
55
Neutral
₹77.28B-34.37-6.97%4.94%-328.07%
45
Neutral
₹56.68B51.898.09%108.08%
65
Neutral
$15.17B7.614.09%5.20%3.87%-62.32%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:SOLARINDS
Solar Industries India Limited
13,770.15
2,264.93
19.69%
IN:ADANIGREEN
Adani Green Energy Limited
1,046.35
-856.75
-45.02%
IN:BORORENEW
Borosil Renewables Limited
580.85
89.25
18.16%
IN:JSWENERGY
JSW Energy Limited
520.00
-210.12
-28.78%
IN:SUZLON
Suzlon Energy Ltd
55.31
-24.78
-30.94%
IN:SWSOLAR
Sterling And Wilson Renewable Energy Limited
242.75
-374.40
-60.67%
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.Date of analysis: Sep 24, 2025