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Solar Industries India Ltd Share Price (SOLARINDS)

₹6872.450.61%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Overview of Solar Industries India Ltd

Key events for Solar Industries India Ltd

  • Solar Industries India Ltd's Strong Fundamentals - 22 Feb, 2024

    Despite a recent slide in stock price, Solar Industries India Ltd has an impressive ROE of 29% and five-year net income growth of 29%. Analysts expect the company to continue its growth streak due to heavy investment in its business.

  • Solar Industries India Ltd's Explosive Growth - 19 Feb, 2024

    Solar Industries India Ltd, a leading manufacturer of explosives and initiating systems, has witnessed vigorous revenue growth in the past 3 years with an increase from INR 2,237 crore in FY20 to over INR 6,900 crore in FY23. The company holds a robust market share of approximately 24% in the explosive industry and its current total order book as of Q3 of FY24 stands at Rs. 4,802 crore.

  • Solar Industries India Ltd Reports Increase in Quarterly Net Profit and EPS - 08 Feb, 2024

    Solar Industries India Ltd reports a 19.7% increase in quarterly net profit at Rs. 138.32 crore, with an EPS of Rs. 15.29 in December 2023. However, net sales decreased by 14.78% to Rs. 902.25 crore. The stock has given returns of 78.05% over the last 6 months and 78.71% over the last 12 months.

  • Solar Industries India Ltd Earns ROCE of 36% - 04 Feb, 2024

    Solar Industries India Ltd has earned an impressive return on capital employed (ROCE) of 36%, outpacing the industry average of 14%. The returns generated have grown considerably in the last five years, indicating that the business is earning more per dollar of capital invested and employing more capital as well.

  • Solar Industries India Receives ₹994 Crore Order from International Client - 02 Feb, 2024

    Solar Industries India received a ₹994 crore order from an international client for defense-based applications. The company's net revenue fell by 14% YoY in Q2, while their net profit rose by 10%. The share price opened up at 0.6% on Friday.

Analyst Rating for Solar Industries India Ltd stock

based on 4 analysts

BUY
66.67%
Buy
33.33%
Hold
0.00%
Sell

Based on 4 analysts offering long term price targets for Solar Industries India Ltd. An average target of ₹7186.5

Source: S&P Global Market Intelligence

Solar Industries India Ltd share Performance

  • ₹6832
    ₹6920
    ₹6872.45
    downward going graph

    0.59%

    Downside

    Day's Volatility:1.28%

    Upside

    0.69%

    downward going graph
  • ₹3453.35
    ₹7832.9
    ₹6872.45
    downward going graph

    49.75%

    Downside

    52 Weeks Volatility:63.73%

    Upside

    13.98%

    downward going graph
1 Month Return3.75 %
3 Month Return1.27 %
1 Year Return80.71 %
Previous Close₹6,830.85
Open₹6,885.50
Volume48.99K
Market Cap₹61,812.40Cr

Solar Industries India Ltd Company Information

Solar Industries India Ltd. is an Indian multinational conglomerate company established in 1995 by Mr. Kamal Kumbhat. It is India's largest manufacturer and exporter of explosives and initiating systems, with operations in over 25 countries. The company is headquartered in Nagpur, Maharashtra and is listed on the National Stock Exchange of India.

Solar Industries India Ltd. manufactures and supplies a wide range of products including explosives, detonators, detonating cords, emulsion explosives, blasting accessories, and speciality chemicals. The company also provides services such as blasting services, training and consultancy services, and engineering services. Its popular brands include Solar, Solarite, and Solar-X.

The company's operations are divided into four major lines of business: explosives, detonators, blasting accessories, and speciality chemicals. Its top products include Solarite, Solar-X, and Solar-Gel. Solar Industries India Ltd. is committed to providing its customers with quality products and services that meet the highest safety and environmental standards.

Share Price: ₹6872.45 per share as on 23 Feb, 2024 04:01 PM
Market Capitalisation: ₹61,812.40Cr as of today
Revenue: ₹1,429.14Cr as on December 2023 (Q4 23)
Net Profit: ₹221.94Cr as on December 2023 (Q4 23)
Listing date: 03 Apr, 2006
Chairperson Name: Satyanarayan Nuwal
OrganisationSolar Industries India Ltd
Headquarters
IndustryAerospace & Defence
E-voting on sharesClick here to vote

Fundamentals of Solar Industries India Ltd

Insights on Solar Industries India Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, SOLARINDS has outperformed top 5 stocks with highest market-cap in Commodity Chemicals

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 years, SOLARINDS stock has moved up by 431.2%

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 5.72% to 5.89% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 3 quarters, 197.41 Cr → 203.33 Cr (in ₹), with an average increase of 1.5% per quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 1.35K Cr → 1.44K Cr (in ₹), with an average increase of 5.9% per quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 5.89% to 5.90% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, SOLARINDS has outperformed top 5 stocks with highest market-cap in Commodity Chemicals

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 73.15% of holdings in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 14.90% to 14.48% in Dec 2023 quarter

Solar Industries India Ltd Valuation

Solar Industries India Ltd in the last 5 years

  • Overview

  • Trends

Lowest (27.43x)

March 23, 2020

Industry (49.26x)

February 23, 2024

Today (77.05x)

February 23, 2024

Highest (82.73x)

November 17, 2023

LowHigh

Solar Industries India Ltd Mutual Fund Holdings

Funds Holdings
SBI Equity Hybrid Fund Direct GrowthSBI Equity Hybrid Fund Direct Growth3.06%
Kotak Emerging Equity Scheme Direct GrowthKotak Emerging Equity Scheme Direct Growth3.41%
SBI Focused Equity Fund Direct Plan GrowthSBI Focused Equity Fund Direct Plan Growth4.12%
HDFC Mid-Cap Opportunities Fund -Direct Plan - Growth OptionHDFC Mid-Cap Opportunities Fund -Direct Plan - Growth Option1.49%
Kotak Flexicap Fund Direct GrowthKotak Flexicap Fund Direct Growth1.45%

Solar Industries India Ltd Shareholding Pattern

InvestorsHoldings %Prev. 4 periods3M change
Promoter Holdings
73.15%
0.00
Foreign Institutions
5.9%
0.19
Mutual Funds
14.48%
-2.81
Retail Investors
5.89%
2.97
Others
0.58%
69.48

Technicals of Solar Industries India Ltd share

News & Events of Solar Industries India Ltd

Frequently Asked Questions

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Solar Industries India Ltd (SOLARINDS) share price today is ₹6872.45

Solar Industries India Ltd is listed on NSE

Solar Industries India Ltd is listed on BSE

  • Today’s highest price of Solar Industries India Ltd is ₹6920.
  • Today’s lowest price of Solar Industries India Ltd is ₹6832.

PE Ratio of Solar Industries India Ltd is 77.05

PE ratio = Solar Industries India Ltd Market price per share / Solar Industries India Ltd Earnings per share

Today’s traded volume of Solar Industries India Ltd(SOLARINDS) is 48.99K.

Today’s market capitalisation of Solar Industries India Ltd(SOLARINDS) is ₹61812.4Cr.

Solar Industries India Ltd(SOLARINDSPrice
52 Week High
₹7832.9
52 Week Low
₹3453.35

Solar Industries India Ltd(SOLARINDS) share price is ₹6872.45. It is down -12.26% from its 52 Week High price of ₹7832.9

Solar Industries India Ltd(SOLARINDS) share price is ₹6872.45. It is up 99.01% from its 52 Week Low price of ₹3453.35

Solar Industries India Ltd(SOLARINDSReturns
1 Day Returns
41.6%
1 Month Returns
3.75%
3 Month Returns
1.27%
1 Year Returns
80.71%