Market statusData NSENot investment advice
SOLAR INDUSTRIES (I)

SOLAR INDUSTRIES (I) Latest Share Price (SOLARINDS)

NSE: SOLARINDSBSE 532725ChemicalsExplosiveswww.solargroup.com
TechnicalsTV Chart
22,355.00
100.00−0.45%
Overall Score57/100
Day range22,230
₹22,355.00
22,625
52-week11,646
₹22,355.00
22,495
Above low+92.0%
Below high0.6%
Range position99%
Open22,515.00
Prev Close22,455.00
Bid22,353.88100
Ask22,356.12100

TODAY IN ONE LINE

SOLARINDS slipped 0.5% on average volume, in line with Nifty's -0.9% move, supported by recent strong earnings.

With a market cap of ₹2.02 L Cr., it trades at a P/E of 102.11. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.

Volume94.4K52%vs 20D avg
Market Cap₹2.02 L Cr.
PromoterNot applicable
Face Value₹2
Fwd P/E55.36
PEG3.31
EV/EBITDA42.61
P/S15.99
ROA15.45%
Beta0.98
Div Payout5.4%
THE STOCK SCORE
Overall Score57/100
Updated 07 Sept

How good is this company?

Overall performance across 5 key dimensions.

Each card tappable → shows formula + inputs
FLAGS & NEWS

SOLAR INDUSTRIES (I) flags & news 

Key strengths, potential risks, and recent updates.

8 green flags🚩 3 red flags

Green Flags

  • Earnings GrowthEPS (TTM) grew by a solid 70.0% YoY
  • Quarterly OutperformanceLatest quarter Sales up 121.5% and Profit up 85.9%
  • High Capital EfficiencyROCE of 30.2% indicating pricing power
  • Strong Return on EquityHealthy ROE of 28.9%
  • Healthy Operating MarginsOPM is structurally strong at 29.9%
  • Virtually Debt-FreeVery low Debt-to-Equity of 0.03x
  • Positive Free Cash FlowFCF has been positive for 3 consecutive years
  • Zero Pledge RiskNo recent active promoter pledging found

Red Flags

  • Expensive ValuationTrading at a high P/E ratio of 100.3x
  • Promoter SellingPromoter holding decreased by 73.15% QoQ
  • Rising Receivables vs SalesReceivables grew 45.4% outpacing sales growth of 24.2%

Latest SOLAR INDUSTRIES (I) News

THE CHANGELOG

What changed recently?

Recent events, corporate actions, and announcements.

09 NOV 2026
insider
Insider P: Sohan Devi Nand Lal ... Bought 2,64,51,193 shares
09 NOV 2026
insider
Insider S: Shri Kailash Chandra... Bought 2,08,82,963 shares
09 NOV 2026
insider
Insider S: Smt. Indira Kailashc... Bought 55,68,230 shares
09 NOV 2026
insider
Insider P: Sohan Devi Nand Lal ... Bought 2,64,51,193 shares
09 NOV 2026
insider
Insider S: Shri Kailash Chandra... Bought 2,08,82,963 shares
09 NOV 2026
insider
Insider S: Smt. Indira Kailashc... Bought 55,68,230 shares
09 NOV 2026
insider
Insider S: Smt. Indira Kailashc... Bought 55,68,230 shares
09 NOV 2026
insider
Insider P: Sohan Devi Nand Lal ... Bought 2,64,51,193 shares
09 NOV 2026
insider
Insider S: Shri Kailash Chandra... Bought 2,08,82,963 shares
04 SEPT 2026
rating
Credit Rating - Solar Industries India Limited has informed the Exchange about Credit Rating
View PDF
04 SEPT 2026
rating
Credit Rating - Solar Industries India Limited has informed the Exchange about Credit Rating
View PDF
03 SEPT 2026
corporate
News Verification - The Exchange has sought clarification from Solar Industries India Limited with respect to recent new...
View PDF
03 SEPT 2026
corporate
News Verification - The Exchange has sought clarification from Solar Industries India Limited with respect to recent new...
View PDF
🔒Prime: full history + alerts on this stock
Valuation

SOLAR INDUSTRIES (I) valuation: P/E, P/B and sector benchmarks.

Twelve years of multiples investors have paid for SOLAR INDUSTRIES (I), framed against the sector median so the premium or discount is obvious at a glance.

SOLAR INDUSTRIES (I) trades at a P/E of 102.11× and P/B of 32.39×, against the Chemicals sector median P/E of 44.62×.

Key MetricsMarket + reported · 09 Sept 2026Consolidated

Market-priced ratios use the latest available quote; accounting metrics use the latest reported filing. Compare values with matched peers and the company's own history.

Valuation

Valuation

Market Cap
₹2.02 L Cr.
P/E Ratio
102.11
P/B Ratio
32.39
EPS
₹72.11
Profitability

Profitability

ROE
28.9%
ROCE
30.17%
Net Margin
17.05%
Op Margin
29.88%
Growth

Growth

EPS YoY
70%
Revenue YoY
40.9%
Qtr Sales
121.47%
Qtr Profit
85.94%
Financial Health

Financial Health

Debt / Equity
0.03
Book Value
₹723.71
Div Yield
0.05%
Promoter Holding
Not applicable

SOLAR INDUSTRIES (I) technical analysis: indicators, pivots and CPR.

Latest RSI, MACD and moving-average signals plus the latest pivot and Central Pivot Range levels for SOLAR INDUSTRIES (I) — derived from the latest tape, not yesterday's close.

SOLAR INDUSTRIES (I) last traded at ₹22,355 with an intraday range of ₹22,230–₹22,625 — latest indicator, pivot and CPR signals below.

Last updated: 9 September 2026, 4:08 pm IST

Pivot points

Standard pivot — most widely referenced.

Pivot levels · Classic

Last: ₹22355.00
LevelPrice (₹)Distance% Δ
R423366.67+1011.67+4.53%
R322971.67+616.67+2.76%
R222798.33+443.33+1.98%
R122576.67+221.67+0.99%
PIVOT22403.3348.330.22%
CURRENT22355.00
S122181.67-173.33-0.78%
S222008.33-346.67-1.55%
S321786.67-568.33-2.54%
S421391.67-963.33-4.31%
CPR Levels
Support
Resistance
S4
S3
S2
S1
| CPR |
BC: 22379.17P: 22403.33TC: 22427.50
R1
R2
R3
R4
indicator
LTP: 22355.00
PDH: 22495.00
PDL: 21925.00
● Market Sentiment

SOLARINDS is trading Below CPR, indicating Bearishness

● CPR Width

CPR is Average

● Opening Range

Day's range: 2233022625

● Price Position

Trading Inside opening range

SOLAR INDUSTRIES (I) financials: P&L, balance sheet, cash flow, ratios.

Reported annual and quarterly results for SOLAR INDUSTRIES (I) — consolidated or standalone — with margins, YoY growth and key ratios inline.

SOLAR INDUSTRIES (I) reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹2.02 L Cr. and reported EPS of ₹72.11.

iTap any row for a plain-English meaningChange vs a year ago — green means the move is healthy for that line, red means it isn’tDerivedCalculated by us, not reported directly
Mobile view
Latest vs previous year
MetricMar 2025Mar 2026
Revenue from Operations7,540
9,838
30.5%
Sales Growth YoY %Derived24.23%
30.47%
Other Income71
128
80.7%
Total Income7,611
9,966
30.9%
3,907
4,894
25.2%
Gross ProfitDerived3,633
4,944
36.1%
Gross Margin %Derived48.18%
50.26%
1,673
2,322
38.8%
EBITDA (Operating Profit)Derived1,960
2,622
33.7%
OPM %Derived26.00%
26.65%
298
385
29.1%
Profit Before Tax (PBT)1,733
2,365
36.5%
451
629
39.4%
Effective Tax %Derived26.01%
26.58%
Total Profit for Period1,288
1,737
34.8%
Less: Non-controlling Interests78
59
24.7%
Net Profit (Owner's PAT)Derived1,209
1,678
38.7%
Net Profit Margin %Derived16.04%
17.05%
PAT Growth YoY %Derived38.19%
38.70%
Earnings Per Share (EPS ₹)133.65
185.39
38.7%
Diluted Shares Outstanding (Cr)9
9
0.0%
Share of Profit from Associates/JVs6
0
95.1%
Other Comprehensive Income (Net of Tax)-65
301
563.1%
Total Expenses (incl. D&A & Interest)5,878
7,601
29.3%
Material Cost % of RevenueDerived44.76%
45.77%
Employee Cost % of RevenueDerived7.96%
8.59%
Other Cost % of RevenueDerived14.22%
15.02%
Interest Coverage (x)Derived15.27x
17.70x
Sales CAGR · 3Y
+12.4%
Sales CAGR · 5Y
+31.4%
PAT CAGR · 3Y
+30.4%
PAT CAGR · 5Y
+43.4%
all values in ₹ Cr unless marked % / x / ₹ · fiscal-period end shown · reported figures via Stockezee financials API · annual results may be audited; quarterly results may be unaudited or limited-review
Segment Analysis

SOLAR INDUSTRIES (I) segment analysis : revenue and profit mix.

Disclosed business segments at SOLAR INDUSTRIES (I) with their share of revenue and profit, switchable between consolidated and standalone reporting.

SOLAR INDUSTRIES (I) discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.

Segment-wise Financial Analysis

Thesis

The Bull, Bear, and Flip case for SOLAR INDUSTRIES (I).

Our AI distills the core fundamental drivers supporting SOLAR INDUSTRIES (I), the risks that threaten it, and the quantitative conditions that could weaken the thesis.

SOLAR INDUSTRIES (I)'s investment case rests on 0 positive markers and 1 flagged concerns drawn from the latest reported filings.

bull case

What you're getting.

No strengths or opportunities on record.

bear case

Key Risks.

  • SWOT generation temporarily unavailable due to model error. The security token included in the request is invalid.

flip conditions

Flip Conditions.

  • Valuation risk. a P/E above 133 (~3.0× the sector multiple of 44.6) would leave less room for earnings disappointment.

  • Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.

  • Return-quality risk. ROE below 24% would indicate weaker capital compounding.

  • Income thesis breaks if the dividend is cut or yield falls below 0.03%.

SOLAR INDUSTRIES (I) shareholding pattern: promoters, FII, DII and public.

Quarter-on-quarter ownership shifts in SOLAR INDUSTRIES (I) — who is buying, who is exiting, and which institutions hold the largest positions.

Shareholding Pattern

AnnualJun 2026

DII13.36%0.46%
Public7.10%0.25%
Promoters73.15%
FII6.40%0.20%

Ownership Distribution

Domestic Institutions
13.36%
Retail & Public
7.10%
Promoters
73.15%
Foreign Institutions
6.40%

Category Trends

Foreign Institutions Breakdown
Total Holding: 6.40%
Net Change: -0.20%
Category Total6.40%
Total Holding6.40%
Net Change-0.20%
Not Fully Disclosed

⚠️Partial Disclosure Notice

Individual institutions below total 0.00%, but category aggregate is 6.40%. Some institutions may not be disclosed by the company as per regulatory requirements.

Institution Name
Trend (Last 6)
Holding %
QoQ Change
YoY ChangePeriod
Fidelity Emerging Markets Fund
0.00%
0.00%
0.00%
Jun 2026
FidelityEmerging Markets Fund
0.00%
0.00%
0.00%
Jun 2026
Foreign Portfolio Investors Category I
0.00%
0.00%
0.00%
Jun 2026
Peers

SOLAR INDUSTRIES (I) peer comparison — same-sector benchmarks.

Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — SOLAR INDUSTRIES (I) is highlighted for quick read-across.

Quick Compare

Largest by Market Cap
SOLAR INDUSTRIES (I)
₹2.02 Lakh Cr
Best Profit Growth
SOLAR INDUSTRIES (I)
85.94 %
Highest Dividend Yield
PREMIER EXPLOSIVES
0.08 %
09 · Chart Patterns

SOLAR INDUSTRIES (I) chart patterns: breakouts, tops and bottoms.

Auto-detected classical chart patterns for SOLAR INDUSTRIES (I) — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.

Delivery Conviction

SOLAR INDUSTRIES (I) delivery volume — last 20 sessions of conviction.

Daily traded volume and delivery percentage for SOLAR INDUSTRIES (I) over 20 sessions — the gap between intraday flipping and genuine accumulation.

Latest session delivery in SOLAR INDUSTRIES (I) stood at 52.3% of traded volume, against a 20-day average of 36.4%.

Avg Delivery (20D)36.4%+15.8 ppt latest vs avg
Highest Delivery52.3%on 09 Sept
Avg Volume (20D)1.97 L20-day run-rate
Conviction Trend↑ Strengthening+15.8 ppt latest read
Volume & Delivery · last 20 sessions
Exchange Filings & Investor Updates

SOLAR INDUSTRIES (I) announcements: results, concalls, ratings, M&A.

Filings SOLAR INDUSTRIES (I) sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.

SOLAR INDUSTRIES (I) files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 160 documents below.

  1. 04 Sept 2026Credit RatingView PDF

    Credit Rating

    Solar Industries India Limited has informed the Exchange about Credit Rating

  2. 03 Sept 2026News VerificationView PDF

    News Verification

    The Exchange has sought clarification from Solar Industries India Limited with respect to recent news item captioned Solar Industries likely to…

  3. 03 Sept 2026News VerificationView PDF

    News Verification

    The Exchange has sought clarification from Solar Industries India Limited with respect to recent news item captioned Solar Industries likely to…

  4. 15 Aug 2026Copy of Newspaper PublicationView PDF

    Copy of Newspaper Publication

    Solar Industries India Limited has informed the Exchange about Copy of Newspaper Publication for the Unaudited Financial Results for the quarter…

  5. 13 Aug 2026UpdatesView PDF

    Updates

    Solar Industries India Limited has informed the Exchange regarding Presentation on Unaudited Financial Results for the quarter ended on June 30, 2026.

SOLAR INDUSTRIES (I) dividend history, splits and bonus issues.

Every dividend, stock split and bonus issue SOLAR INDUSTRIES (I) has declared, sequenced by announce and record date.

SOLAR INDUSTRIES (I) corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.

Insider Activity

SOLAR INDUSTRIES (I) insider trading: promoter and management activity.

Promoter, director and designated-employee transactions in SOLAR INDUSTRIES (I) as reported to SEBI — buying and selling signals from the people who know the business best.

SOLAR INDUSTRIES (I) insider activity below tracks 9 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).

Last 30D: 9 BUYs · 0 SELLs · Net +₹31.74 Cr.

InsiderCategoryTxn DateActionQuantityValue (₹)Price
Sohan Devi Nand Lal Nuwal Family TrustInsider09 Nov 2026buy+2.65 Cr₹5.29 Cr.₹2.00
Shri Kailash Chandra NuwalInsider09 Nov 2026buy+2.09 Cr₹4.18 Cr.₹2.00
Smt. Indira Kailashchandra NuwalInsider09 Nov 2026buy+55.68 L₹1.11 Cr.₹2.00
Sohan Devi Nand Lal Nuwal Family TrustInsider09 Nov 2026buy+2.65 Cr₹5.29 Cr.₹2.00
Shri Kailash Chandra NuwalInsider09 Nov 2026buy+2.09 Cr₹4.18 Cr.₹2.00
Smt. Indira Kailashchandra NuwalInsider09 Nov 2026buy+55.68 L₹1.11 Cr.₹2.00
Smt. Indira Kailashchandra NuwalInsider09 Nov 2026buy+55.68 L₹1.11 Cr.₹2.00
Sohan Devi Nand Lal Nuwal Family TrustInsider09 Nov 2026buy+2.65 Cr₹5.29 Cr.₹2.00
Shri Kailash Chandra NuwalInsider09 Nov 2026buy+2.09 Cr₹4.18 Cr.₹2.00
About the Company

About SOLAR INDUSTRIES (I): business, sector, key facts.

What SOLAR INDUSTRIES (I) does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.

SOLAR INDUSTRIES (I) operates in the Explosives industry under the Chemicals sector, listed as NSE: SOLARINDS, BSE: 532725.

SOLARINDS
Chemicals

SOLAR INDUSTRIES (I)

NSE · SOLARINDS·BSE · 532725·www.solargroup.com

Solar Industries India Limited (SIIL) is a leading manufacturer and supplier of industrial explosives and explosive initiating devices, operating both domestically within India and internationally. Their core business centers around providing a comprehensive range of products essential for various industries demanding high-powered explosives.

SIIL's industrial explosives portfolio includes bulk and packaged explosives catering to a diverse clientele. These explosives find applications across numerous sectors, including mining operations, infrastructure development projects, and construction endeavors. The company meticulously ensures the quality and safety of its explosives, adhering to stringent industry regulations and safety protocols.

Beyond industrial explosives, SIIL produces a wide array of initiating systems crucial for controlled detonation. This includes a variety of detonators – electronic, electric, non-electric, and plain – alongside complementary products such as cord relays, cast boosters, detonating cords, and aluminum elemented det products. These initiating systems are designed to maximize safety and efficiency during explosive operations.

Significantly, SIIL has expanded its operations into the defense sector, manufacturing a substantial range of defense products. This segment includes the production of unmanned aerial systems (UAS) and drones, various types of ammunition, military-grade explosives, bombs and warheads, rockets, and even drones equipped with guided missiles. Further bolstering their defense capabilities, SIIL provides counter-drone systems and a variety of pyrotechnic devices, encompassing fuzes, detonators, ignitors, decoys, flares, and riot control devices.

In summary, Solar Industries India Limited's business encompasses a multifaceted approach, combining expertise in industrial explosives with a significant presence in the defense sector. This dual focus allows them to serve a broad spectrum of clients, ranging from mining companies and construction firms to government defense agencies and space exploration initiatives. Their comprehensive product portfolio and commitment to safety and quality have solidified their position as a key player in their respective markets.

company facts
Employees
SectorChemicals
HeadquartersNagpur, India
Market Cap₹2.02 L Cr.
Listed OnNSE
leadership22 on record
Mr. Avinash Gupta
Chief Risk Officer
Mr. Dinesh Batra
Additional Non-Executive Independent Director
Mr. Manish Satyanarayan Nuwal
CEO, MD & Executive Director
Mr. Manoj Kumar Lalwani
Senior General Manager – Sales & Marketing
Mr. Milind Deshmukh
Executive Director
Mr. Moneesh Agrawal
Joint Chief Financial Officer
Mr. Sanjay Singh
Senior General Manager of Safety
Mr. Shailendra Tiwari
Chief Information Officer - IT
Mr. Suresh Menon
Whole Time Director
Ms. Aanchal Kewlani
Senior Finance Manager & Investor Relations
Ms. Khushboo Anish Pasari
Compliance Officer & Company Secretary
Ms. Khushboo Pasari
Chief Compliance Officer, Company Secretary

Go deeper on SOLAR INDUSTRIES (I)

§ ∞ · Plainly Answered

Questions investors ask about SOLAR INDUSTRIES (I) (SOLARINDS).

Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.

01What is the current share price of SOLAR INDUSTRIES (I) (SOLARINDS)?

The current share price of SOLAR INDUSTRIES (I) (SOLARINDS) is ₹22,355.00. Today, the stock has declined by ₹100.00 (0.45%), trading in a range of ₹22,230.00 to ₹22,625.00. The stock opened at ₹22,515.00 with a trading volume of 94,443 shares.

02Is SOLAR INDUSTRIES (I) stock a good investment for long-term?

SOLAR INDUSTRIES (I) can be considered for long-term investment based on several factors. The company has a market capitalization of ₹2.02 L Cr., P/E ratio of 102.11, ROE of 28.9%, and ROCE of 30.17%. The dividend yield stands at 0.05%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.

03What is the 52-week high and low price of SOLAR INDUSTRIES (I) stock?

The 52-week high price of SOLAR INDUSTRIES (I) (SOLARINDS) is ₹22,495.00, while the 52-week low is ₹11,646.00. Currently trading at ₹22,355.00, the stock is 91.95% above its 52-week low and 0.62% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.

04Should I buy SOLAR INDUSTRIES (I) stock at the current price?

Whether to buy SOLAR INDUSTRIES (I) stock at ₹22,355.00 depends on multiple factors. The stock is currently trading with a P/E ratio of 102.11 and P/B ratio of 32.39. Today's performance shows a loss of 0.45%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.

05What is the dividend yield of SOLAR INDUSTRIES (I) and when is the next dividend?

SOLAR INDUSTRIES (I) offers a dividend yield of 0.05%, which means for every ₹100 invested at the current price of ₹22,355.00, you can expect to receive approximately ₹0.05 annually as dividends. The face value of the stock is ₹2.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.

06What are the key financial ratios and metrics of SOLAR INDUSTRIES (I)?

SOLAR INDUSTRIES (I)'s key financial metrics include: P/E Ratio: 102.11, P/B Ratio: 32.39, ROE: 28.9%, ROCE: 30.17%, Dividend Yield: 0.05%, EPS: ₹72.11, Book Value: ₹723.71, and Debt-to-Equity: 0.03. The company's market cap stands at ₹2.02 L Cr.. These metrics help evaluate the company's valuation, profitability, and financial health.

07How is SOLAR INDUSTRIES (I) stock performing today in the market?

SOLAR INDUSTRIES (I) stock opened at ₹22,515.00 and is currently trading at ₹22,355.00, showing a decline of ₹100.00 (0.45%). The intraday high is ₹22,625.00 and low is ₹22,230.00. The trading volume stands at 94,443 shares, indicating moderate market participation today.

08What is the P/E ratio of SOLAR INDUSTRIES (I) and what does it indicate?

SOLAR INDUSTRIES (I) has a Price-to-Earnings (P/E) ratio of 102.11, which means investors are willing to pay 102.11 for every ₹1 of earnings. With an EPS of ₹72.11, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.

Disclaimer

The data, ratios and commentary about SOLAR INDUSTRIES (I) (SOLARINDS) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.