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
₹20,011.00
+0.06% 1W | +41.30% 52W
Market Cap
181.1k CR
P/E Ratio
90.9
52W High
₹22700
52W Low
₹11646
Div. Yield
0.06%
Beta
0.3
50 DMA
₹20061.3
200 DMA
₹16739
Profit Margin
17.5%
Inst. Own.
45.2%
🚀 BREAKOUT
🚀 BREAKOUT
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
74
Overall
78
Fundamental
71
Technical
Risks (3)
NEGLIGIBLE DIVIDEND! 0.06% yield - little to no income.
RECOVERY MODE! Current price (20011.0) above 200-day but below 50-day.
BEARISH SENTIMENT! In last 30 days: 14 up days, 16 down days. Avg volume on up days: 196,065 vs down days: 260,359. Ratio: 0.75x
Strengths (4)
GOOD STABILITY! Only 1 revenue dip in history. Strong business fundamentals.
BULLISH TREND! 50-day average (20061.3) is above 200-day average (16739.0) - positive signal.
BREAKOUT! Stock has broken above resistance levels with momentum.
GOOD YEAR! Stock gained 41.3% in the last year.
Fundamental & Technical Analysis
74Overall
78Fundamental
71Technical
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 2.99 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 (20061.3) is above 200-day average (16739.0) - positive signal.
Price Position
2/10
RECOVERY MODE! Current price (20011.0) above 200-day but below 50-day.
Trend Pattern
20/20
BREAKOUT! Stock has broken above resistance levels with momentum.
52W Performance
10/10
GOOD YEAR! Stock gained 41.3% in the last year.
Volume Sentiment
10/30
BEARISH SENTIMENT! In last 30 days: 14 up days, 16 down days. Avg volume on up days: 196,065 vs down days: 260,359. Ratio: 0.75x
RSI
3/5
NEUTRAL! RSI at 51.4 - balanced momentum.
52W Range
4/5
UPPER HALF! Trading at 75.7% of 52W range - positive territory.
Momentum
5/5
STRONG MOMENTUM! Price has grown across all timeframes - up 0.1% (1 week), 5.9% (1 month), 8.4% (3 months). Momentum is accelerating.
Beta
5/5
LOW VOLATILITY! Beta of 0.30 - 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 | ₹20,011.00 | 90.9 | 17.5% | 12.4% | 30.4% | +41.3% | 74 | BREAKOUT | +92.7% | +19.2% | +70.3% | +20.2% |
| PIDILITIND | ₹1,502.80 | 57.8 | 17.2% | 7.4% | 24.4% | -2.8% | 67 | APPROACHING RESISTANCE | +29.7% | +50.6% | +21.3% | +27.0% |
| ASIANPAINT | ₹2,331.90 | 46.9 | 12.8% | 1.1% | 1.7% | -2.7% | 49 | HIT RESISTANCE | +40.0% | +31.3% | +17.9% | +14.0% |
| BERGEPAINT | ₹473.90 | 45.4 | 9.9% | 4.2% | 9.5% | -13.7% | 63 | BREAKOUT | +28.5% | +20.8% | +12.0% | +25.0% |
| LINDEINDIA | ₹6,184.50 | 96.5 | 20.6% | 0.3% | 7.8% | -3.0% | 66 | BREAKOUT | -2.4% | +35.1% | +21.6% | +13.0% |
| FLUOROCHEM | ₹4,402.90 | 79.1 | 11.6% | -4.5% | -24.3% | +24.6% | 54 | CONSOLIDATING DOWN | +19.0% | +95.5% | +24.0% | +16.0% |
| HSCL | ₹660.70 | 41.5 | 16.1% | 3.7% | 51.5% | +45.3% | 69 | BOUNCE FROM SUPPORT | +26.3% | +14.3% | +28.0% | +11.2% |
| ACUTAAS | ₹3,206.00 | 68.2 | 26.4% | 29.4% | 62.3% | +91.9% | 73 | BREAKDOWN | +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
