SOLARINDS
Solar Industries India Limited (SOLARINDS) Stock Analysis
Solar Industries India Limited is the world's second-largest manufacturer of industrial explosives and initiating systems. It supplies mining, infrastructure, and defense explosives with growing ammunition and propulsion products. The company exports to over 60 countries with advanced energetics R&D. It is listed on Indian stock exchanges.
Basic Materials › Specialty Chemicals
₹18,815.00
-15.89% 1W | +29.30% 52W
Market Cap
170.3k CR
P/E Ratio
87.3
52W High
₹22700
52W Low
₹11646
Div. Yield
0.06%
Beta
0.2
50 DMA
₹19564.1
200 DMA
₹15982.3
Profit Margin
17.5%
Inst. Own.
45%
⚡ APPROACHING SUPPORT
⚡ APPROACHING SUPPORT
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,682 | 1,347 | 1,429 | 1,611 | 1,685 | 1,716 | 1,973 | 2,167 | 2,154 | 2,082 | 2,548 | 3,053 | 3,668 |
| Expenses | 1,359 | 1,012 | 1,074 | 1,257 | 1,235 | 1,271 | 1,447 | 1,629 | 1,620 | 1,530 | 1,840 | 2,227 | 2,653 |
| Operating Profit | 323 | 335 | 355 | 354 | 449 | 445 | 527 | 537 | 535 | 552 | 708 | 826 | 1,015 |
| OPM % | 19% | 25% | 25% | 22% | 27% | 26% | 27% | 25% | 25% | 26% | 28% | 27% | 28% |
| Other Income | 8 | 8 | 11 | 20 | 26 | 36 | 10 | 7 | 29 | 29 | 25 | 46 | 17 |
| Interest | 25 | 25 | 28 | 32 | 27 | 30 | 31 | 29 | 27 | 31 | 34 | 41 | 41 |
| Depreciation | 34 | 34 | 39 | 37 | 40 | 44 | 47 | 50 | 56 | 61 | 63 | 71 | 80 |
| Profit before tax | 272 | 285 | 299 | 305 | 408 | 407 | 459 | 464 | 481 | 490 | 636 | 759 | 911 |
| Tax % | 26% | 27% | 26% | 21% | 26% | 25% | 26% | 25% | 27% | 26% | 27% | 27% | 27% |
| Net Profit | 202 | 209 | 222 | 243 | 301 | 304 | 338 | 346 | 353 | 361 | 467 | 556 | 666 |
| EPS in Rs | 21.82 | 22.12 | 22.47 | 25.98 | 31.66 | 31.59 | 34.80 | 35.61 | 37.43 | 38.12 | 49.31 | 60.52 | 72.11 |
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,276 | 1,449 | 1,580 | 1,916 | 2,462 | 2,237 | 2,516 | 3,948 | 6,918 | 6,070 | 7,540 | 9,838 | 11,351 |
| Expenses | 1,022 | 1,144 | 1,256 | 1,505 | 1,960 | 1,803 | 2,001 | 3,199 | 5,582 | 4,588 | 5,514 | 7,120 | 8,250 |
| Operating Profit | 254 | 304 | 324 | 412 | 502 | 434 | 515 | 748 | 1,336 | 1,482 | 2,026 | 2,717 | 3,101 |
| OPM % | 20% | 21% | 20% | 21% | 20% | 19% | 20% | 19% | 19% | 24% | 27% | 28% | 27% |
| Other Income | -2 | 13 | 13 | 12 | 9 | 41 | 21 | 19 | -16 | -68 | 10 | 33 | 117 |
| Interest | 18 | 20 | 27 | 33 | 50 | 55 | 45 | 50 | 90 | 109 | 116 | 134 | 148 |
| Depreciation | 31 | 33 | 39 | 51 | 59 | 85 | 94 | 109 | 128 | 143 | 182 | 251 | 275 |
| Profit before tax | 203 | 264 | 271 | 340 | 402 | 336 | 397 | 607 | 1,102 | 1,161 | 1,739 | 2,365 | 2,796 |
| Tax % | 23% | 33% | 28% | 31% | 31% | 17% | 27% | 25% | 26% | 25% | 26% | 27% | |
| Net Profit | 156 | 178 | 195 | 234 | 277 | 279 | 288 | 455 | 811 | 875 | 1,288 | 1,737 | 2,050 |
| EPS in Rs | 16.29 | 18.08 | 20.61 | 24.37 | 28.91 | 29.55 | 30.54 | 48.77 | 83.68 | 92.38 | 133.65 | 185.38 | 220.06 |
| Dividend Payout % | 21% | 25% | 24% | 25% | 24% | 20% | 20% | 15% | 10% | 9% | 7% | 6% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 12.0% | 31.0% | 21.0% |
| Profit CAGR | 30.0% | 45.0% | 27.0% |
Shareholding Pattern
Promoters73.15%
FIIs6.79%
DIIs13.59%
Public6.47%
Promoters73.15%
FIIs7.11%
DIIs12.90%
Public6.84%
Promoters73.15%
FIIs6.74%
DIIs12.91%
Public7.20%
Promoters73.15%
FIIs6.59%
DIIs12.89%
Public7.35%
Promoters73.15%
FIIs6.39%
DIIs13.36%
Public7.10%
Promoters73.15%
FIIs6.63%
DIIs14.32%
Public5.91%
Promoters73.15%
FIIs6.10%
DIIs14.52%
Public6.22%
Promoters73.15%
FIIs5.82%
DIIs14.10%
Public6.92%
Promoters73.15%
FIIs6.59%
DIIs12.89%
Public7.35%
Promoters73.15%
FIIs6.39%
DIIs13.36%
Public7.10%
SOLARINDS
Holdings Analysis
Key strengths & risk signals
67
Overall
78
Fundamental
57
Technical
Risks (4)
NEGLIGIBLE DIVIDEND! 0.06% yield - little to no income.
RECOVERY MODE! Current price (18815.0) above 200-day but below 50-day.
BEARISH SENTIMENT! In last 30 days: 15 up days, 15 down days. Avg volume on up days: 175,175 vs down days: 241,024. Ratio: 0.73x
WEAK MOMENTUM! Limited price growth - -15.9% (1 week), -5.9% (1 month), 4.2% (3 months).
Strengths (4)
GOOD STABILITY! Only 1 revenue dip in history. Strong business fundamentals.
BULLISH TREND! 50-day average (19564.1) is above 200-day average (15982.3) - positive signal.
LOW VOLATILITY! Beta of 0.20 - stable stock, less market risk.
GOOD YEAR! Stock gained 29.3% in the last year.
Fundamental & Technical Analysis
67Overall
78Fundamental
57Technical
Fundamental Breakdown
Growth Quality
26/30
Revenue CAGR: 12.4% (GOOD, 11/15). Profit CAGR: 30.4% (EXCELLENT, 15/15).
Profit Margin
6/10
GOOD EFFICIENCY! 17.5% profit margin - above average profitability.
PEG Valuation
5/10
OVERVALUED! PEG of 2.87 means expensive relative to growth rate.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0.06% yield - little to no income.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.00 - excellent financial health.
Public Holding
20/20
VERY LESS PUBLIC HOLDING! 6.04% public ownership - strong promoter/institutional control.
Stability Index
8/10
GOOD STABILITY! Only 1 revenue dip in history. Strong business fundamentals.
Technical Breakdown
Moving Averages
12/10
BULLISH TREND! 50-day average (19564.1) is above 200-day average (15982.3) - positive signal.
Price Position
2/10
RECOVERY MODE! Current price (18815.0) above 200-day but below 50-day.
Trend Pattern
10/20
TESTING SUPPORT! Stock is at key support level.
52W Performance
8/10
GOOD YEAR! Stock gained 29.3% in the last year.
Volume Sentiment
10/30
BEARISH SENTIMENT! In last 30 days: 15 up days, 15 down days. Avg volume on up days: 175,175 vs down days: 241,024. Ratio: 0.73x
RSI
4/5
APPROACHING OVERSOLD! RSI at 38.1 - watch for reversal.
52W Range
4/5
UPPER HALF! Trading at 64.9% of 52W range - positive territory.
Momentum
2/5
WEAK MOMENTUM! Limited price growth - -15.9% (1 week), -5.9% (1 month), 4.2% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.20 - stable stock, less market risk.
SOLARINDS
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q1FY272026-09-17 | Concall PDF | |
| Q4FY262026-05-18 | Concall PDF | |
| Q3FY262026-02-09 | Concall PDF | |
| Q2FY262025-11-14 | Concall PDF |
Peer Comparison
Basic Materials · Specialty Chemicals · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SOLARINDS | ₹18,815.00 | 87.3 | 17.5% | 12.4% | 30.4% | +29.3% | 67 | APPROACHING SUPPORT | +92.7% | +19.2% | +70.3% | +20.2% |
| PIDILITIND | ₹1,551.50 | 59.8 | 17.2% | 7.4% | 24.4% | +1.1% | 73 | BREAKDOWN | +29.7% | +50.6% | +21.3% | +27.0% |
| ASIANPAINT | ₹2,454.00 | 49.3 | 12.8% | 1.1% | 1.7% | -3.1% | 55 | CONSOLIDATING DOWN | +40.0% | +31.3% | +17.9% | +14.0% |
| BERGEPAINT | ₹448.60 | 43 | 9.9% | 4.2% | 9.5% | -16.3% | 63 | BREAKDOWN | +28.5% | +20.8% | +12.0% | +25.0% |
| LINDEINDIA | ₹6,094.50 | 95.5 | 20.6% | 0.3% | 7.8% | -5.7% | 64 | BOUNCE FROM SUPPORT | -2.4% | +35.1% | +21.6% | +13.0% |
| FLUOROCHEM | ₹4,471.80 | 80.2 | 11.6% | -4.5% | -24.3% | +23.9% | 59 | BREAKDOWN | +19.0% | +95.5% | +24.0% | +16.0% |
| HSCL | ₹653.40 | 41 | 16.1% | 3.7% | 51.5% | +35.6% | 63 | CONSOLIDATING DOWN | +26.3% | +14.3% | +28.0% | +11.2% |
| ACUTAAS | ₹3,315.10 | 70.3 | 26.4% | 29.4% | 62.3% | +122.0% | 80 | BREAKOUT | +67.7% | -43.6% | +59.1% | -21.9% |
Data from TradeAlone · Updated daily
SOLARINDS News
Solar Industries India Limited (solarinds) Expands Global Footprint with Acquisition of South Africa’s Omnia2026-09-14Solar Industries India Limited (NSE: SOLARINDS) clears resistance, moves up 5% intraday2026-08-13Solar Industries India Limited (NSE: SOLARINDS) gains 5% intraday, nears resistance2026-07-10Solar Industries India Limited (NSE: SOLARINDS) extends gains, moves up 5% intraday2026-06-30
