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Chemicals | Large Cap
Health Score : 8.58Solar Industries India Ltd. presents a very strong financial picture, characterized by exceptional growth and profitability. The company is rapidly expanding its sales, profits, and assets, indicating high demand and successful business strategies. It is highly profitable, efficiently turning revenue into profit and providing excellent returns to its shareholders. The company's reliance on debt is extremely low, giving it a very stable and secure financial foundation, making it resilient to economic shifts. Its ability to cover debt payments and dividends is outstanding. The primary area for observation is its operational efficiency; the company's heavy investments in new projects, while crucial for future growth, mean that it currently takes longer to convert assets and inventory into sales. Its ability to handle short-term bills is adequate but not a standout strength. Overall, Solar Industries is on a robust growth path with a solid financial base, though its operational processes are still catching up with its rapid expansion.
Health Score : 8.58Solar Industries India Ltd. presents a very strong financial picture, characterized by exceptional growth and profitability. The company is rapidly expanding its sales, profits, and assets, indicating high demand and successful business strategies. It is highly profitable, efficiently turning revenue into profit and providing excellent returns to its shareholders. The company's reliance on debt is extremely low, giving it a very stable and secure financial foundation, making it resilient to economic shifts. Its ability to cover debt payments and dividends is outstanding. The primary area for observation is its operational efficiency; the company's heavy investments in new projects, while crucial for future growth, mean that it currently takes longer to convert assets and inventory into sales. Its ability to handle short-term bills is adequate but not a standout strength. Overall, Solar Industries is on a robust growth path with a solid financial base, though its operational processes are still catching up with its rapid expansion.
Overall Valuation Score
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P/E RATIO (TTM)
147.58
Industry Median
20.81
Large Cap Median
107.48
P/E RATIO
107.48
P/B RATIO
28.71
Industry Median
2.68
Large Cap Median
28.71
P/S RATIO
19.69
Industry Median
2.12
Large Cap Median
19.69
Others
PEG RATIO
0.00
EV/EBITDA RATIO
70.53
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹19925 as on Aug 24, 2026.
Growth Score : 10.00The company is experiencing an exceptional period of growth. It is expanding rapidly across all key financial metrics, including revenues, profits, and the size of its asset base. This demonstrates strong market demand, effective corporate strategy, and successful execution. This high-growth phase is a powerful positive indicator for the company's future prospects and its ability to generate increasing value for its shareholders.
Revenue Growth RateExcellentOperating Profit Growth RateExcellentEarnings Per Share (EPS) GrowthExcellentAsset Growth RateExcellentNet Income Growth RateExcellent| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 56.92 | 75.23 | -12.26 | 24.22 | 30.48 |
| Operating Profit Growth Rate | 45.24 | 78.61 | 10.93 | 36.71 | 29.42 |
| Earnings Per Share (EPS) Growth | 59.69 | 71.58 | 10.4 | 44.67 | 38.71 |
| Asset Growth Rate | 22.64 | 35.27 | 13.61 | 45.35 | 34.69 |
| Net Income Growth Rate | 57.99 | 78.24 | 7.89 | 47.2 | 34.86 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
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Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Solar Industries India Ltd | 8.58 | 107.48 | Neutral | 2622.00 | 135.01 | 1737.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Market Sentiment
Analysis Driven By 1 Technical Indicators From The 1 Hour Timeframe
Concall Report⬤9th Feb 26
Q3 FY26 Earnings Conference Call
BULLISH SENTIMENT
No Stock News Available at This Moment.
Solar Industries India Ltd. is a global leader in manufacturing industrial explosives and initiating systems, serving critical sectors like mining, infrastructure, and construction. The company also holds a significant and growing presence in the Indian defense sector, providing propellants, warheads, and rockets, making it a key player in both domestic and international markets.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Solar Industries India Ltd's P/E ratio (TTM) is 147.58, compared to the industry median of 20.81 and large cap median of 107.48.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Solar Industries India Ltd's P/B ratio is 28.71, compared to the industry median of 2.68 and large cap median of 28.71.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Solar Industries India Ltd's P/S ratio is 19.69, compared to the industry median of 2.12 and large cap median of 19.69.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Solar Industries India Ltd's PEG ratio is 1.85.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Solar Industries India Ltd's EV/EBITDA ratio is 70.53.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Solar Industries India Ltd's ROE is 27.67%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Solar Industries India Ltd's ROA is 24.02%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Solar Industries India Ltd's ROCE is 37%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Solar Industries India Ltd's operating margin is 26.65%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Solar Industries India Ltd's net margin is 17.66%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Solar Industries India Ltd's current ratio is 1.59.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Solar Industries India Ltd's debt-to-equity ratio is 0.14.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Solar Industries India Ltd's interest coverage ratio is 18.65.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Solar Industries India Ltd's DPS is ₹11.12.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Solar Industries India Ltd's EPS is 38.71.
(Source line: "Ratios as of 24 Aug 2026, based on last traded price of ₹19925. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 1995 (as Solar Explosives Limited)
Headquarters: Nagpur, Maharashtra
Core Offerings: Industrial Explosives (Bulk & Packaged), Initiating Systems, Defense Products (Propellants, Warheads, Rockets)
Stock Listing: NSE (SOLARINDS), BSE (532725)
Promoter: Satyanarayan Nandlal Nuwal / Nuwal Family
1995: Incorporated as Solar Explosives Limited, commencing operations with industrial explosives. 1996: Began commercial production of packaged explosives. 2005: Company name changed to Solar Industries India Limited. 2006: Successfully listed on BSE and NSE. 2010s: Expanded manufacturing capabilities internationally, setting up units in Africa and other regions. 2015 onwards: Strategic diversification into the defense sector, developing and supplying advanced propellants, warheads, and rockets to the Indian armed forces. Present: Established as one of the largest manufacturers of industrial explosives globally and a critical supplier in the Indian defense sector.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Industrial Explosives & Initiating Systems | ~90% | N/A (main revenue driver) |
| Defense Products | ~10% | N/A (higher margin, strategic growth area) |
Industrial Explosives & Initiating Systems: Manufactures a comprehensive range of bulk and packaged explosives along with initiating systems used extensively in opencast and underground mining, quarrying, and various infrastructure projects (roads, tunnels, dams). The company operates state-of-the-art facilities in India and overseas to cater to global demand.
Defense Products: Engaged in the research, development, and production of high-energy materials for defense applications, including propellants for rockets and missiles, warheads for anti-tank and air-to-air missiles, and multi-mode grenades. This segment supports India's self-reliance in defense and has strong growth potential.
Mr. Satyanarayan Nandlal Nuwal (Chairman & Managing Director): A veteran entrepreneur with over four decades of experience, he founded Solar Industries and has steered its growth to become a global leader in explosives. Mr. Manish Satyanarayan Nuwal (CEO & Whole-time Director): He plays a pivotal role in the company's strategic planning, international expansion, and the development of its defense business.
Economic Explosives Limited (EEL) - Wholly-owned subsidiary crucial for defense products manufacturing.
Solar Detonators Pvt Ltd - Manufactures initiating systems.
Solar Overseas Singapore Pte Ltd - Holds international subsidiaries and manages overseas operations.
Bonus Issue: 1:2 in June 2023. Stock Split: 1:2 in October 2022.
The Solar Industries India Ltd share price today is ₹19925 on NSE (SOLARINDS), as of 25 Aug 2026.
As of 24 Aug 2026, Solar Industries India Ltd share price is ₹19925, with previous close ₹19925. Today's range is ₹19925 to ₹19925. The 52-week range is ₹19925 to ₹19925.
As of today, Solar Industries India Ltd's market cap is ₹1,93,671 crore (Large Cap).
Solar Industries India Ltd's current P/E ratio is 147.58, compared to the GENERAL INDUSTRIALS sector average of 31.
Solar Industries India Ltd's current P/B ratio is 28.71.
Solar Industries India Ltd's current dividend yield is 0.06%. Last dividend of ₹10.50 per share was declared on 12-Jul-2024.
Solar Industries India Ltd's EPS (TTM) is ₹38.71.
Solar Industries India Ltd. is a global leader in manufacturing industrial explosives and initiating systems, serving critical sectors like mining, infrastructure, and construction. The company also holds a significant and growing presence in the Indian defense sector, providing propellants, warheads, and rockets, making it a key player in both domestic and international markets.
Solar Industries India Ltd is promoted by Satyanarayan Nandlal Nuwal / Nuwal Family, holding 73.15% as of 24 Aug 2026.
Solar Industries India Ltd is listed on NSE (SOLARINDS) and BSE (532725). Its next quarterly results are expected on August 2024 (Q1 FY25).
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