Solar Industries India Ltd
SOLARINDSSolar Industries India Ltd
SOLARINDSPrice Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
AvgFinancials growth has been moderate for a few years
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
86.72 | 25.57 | 0.09% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
29.57 | 3.36 | 1.39% |
Forecast & Ratings
Detailed Forecast from 4 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Solar Industries India Limited is an explosives manufacturing company. The Company manufactures, supplies and exports industrial explosives and initiating systems.
Peers
Compare with peersLinde India Ltd
Deepak Nitrite Ltd
Himadri Speciality Chemical Ltd
Sumitomo Chemical India Ltd
Castrol India Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 1,461.87 | 1,593.20 | 1,928.22 | 2,476.29 | 2,278.35 | 2,537.05 | 3,967.27 | 6,954.05 | 6,114.34 | 6,533.51 | ||||||||||
Raw Materials | 871.44 | 923.69 | 1,100.98 | 1,390.80 | 1,257.14 | 1,384.45 | 2,367.38 | 4,379.76 | 3,112.55 | 4,837.72 | ||||||||||
Power & Fuel Cost | 17.66 | 18.59 | 20.76 | 28.90 | 30.64 | 32.12 | 42.59 | 61.64 | 60.09 | |||||||||||
Employee Cost | 87.63 | 104.31 | 133.48 | 174.06 | 195.95 | 221.97 | 267.47 | 330.60 | 400.45 | |||||||||||
Selling & Administrative Expenses | 106.34 | 128.94 | 198.22 | 235.89 | 249.40 | 267.40 | 390.58 | 547.32 | 578.75 | |||||||||||
Operating & Other expenses | 61.30 | 80.57 | 51.13 | 136.03 | 69.85 | 95.09 | 132.33 | 314.56 | 548.47 | |||||||||||
EBITDA | 317.50 | 337.10 | 423.65 | 510.61 | 475.37 | 536.02 | 766.92 | 1,320.17 | 1,414.03 | 1,695.79 | ||||||||||
Depreciation/Amortization | 32.82 | 38.74 | 51.29 | 58.89 | 84.53 | 93.53 | 109.25 | 128.21 | 143.38 | 159.20 | ||||||||||
PBIT | 284.68 | 298.36 | 372.36 | 451.72 | 390.84 | 442.49 | 657.67 | 1,191.96 | 1,270.65 | 1,536.59 | ||||||||||
Interest & Other Items | 20.44 | 26.89 | 32.72 | 49.87 | 55.04 | 45.39 | 50.25 | 90.38 | 109.37 | 117.02 | ||||||||||
PBT | 264.24 | 271.47 | 339.64 | 401.85 | 335.80 | 397.10 | 607.42 | 1,101.58 | 1,161.28 | 1,419.57 | ||||||||||
Taxes & Other Items | 100.58 | 84.93 | 119.09 | 140.24 | 68.37 | 120.75 | 166.14 | 344.39 | 325.35 | 408.85 | ||||||||||
Net Income | 163.66 | 186.54 | 220.55 | 261.61 | 267.43 | 276.35 | 441.28 | 757.19 | 835.93 | 1,010.72 | ||||||||||
EPS | 18.09 | 20.61 | 24.37 | 28.91 | 29.55 | 30.54 | 48.77 | 83.68 | 92.38 | 111.69 | ||||||||||
DPS | 4.50 | 5.00 | 6.00 | 7.00 | 6.00 | 6.00 | 7.50 | 8.00 | 8.50 | 8.50 | ||||||||||
Payout ratio | 0.25 | 0.24 | 0.25 | 0.24 | 0.20 | 0.20 | 0.15 | 0.10 | 0.09 | 0.08 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFPeers & Comparison
MaterialsCommodity Chemicals
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Solar Industries India Ltd | 104.85 | 25.57 | 0.09% |
Linde India Ltd | 122.01 | 15.27 | 0.19% |
Deepak Nitrite Ltd | 43.64 | 7.34 | 0.29% |
Himadri Speciality Chemical Ltd | 66.08 | 8.92 | 0.09% |
Price Comparison
Compare SOLARINDS with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Solar Industries India Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
SBI Equity Hybrid Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 3.1284% | Percentage of the fund’s portfolio invested in the stock 3.79% | Change in the portfolio weight of the stock over the last 3 months -0.25% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 8/102 (-2) |
SBI Focused Equity Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.7061% | Percentage of the fund’s portfolio invested in the stock 4.30% | Change in the portfolio weight of the stock over the last 3 months 0.08% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 10/32 (-1) |
Kotak Emerging Equity Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.3108% | Percentage of the fund’s portfolio invested in the stock 2.27% | Change in the portfolio weight of the stock over the last 3 months -0.04% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 6/78 (+2) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Dividend Cuts
SOLARINDS has increased or maintained dividend levels over the last 5 years
Dividend Yield
Current dividend yield is 0.09%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹0.88 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJul 4, 2024
Dividend/Share
₹8.50
Ex DateEx Date
Jul 4, 2024
Cash Dividend
Ex DateEx DateJun 9, 2023
Dividend/Share
₹8.00
Ex DateEx Date
Jun 9, 2023
Cash Dividend
Ex DateEx DateMay 27, 2022
Dividend/Share
₹7.50
Ex DateEx Date
May 27, 2022
Cash Dividend
Ex DateEx DateAug 18, 2021
Dividend/Share
₹6.00
Ex DateEx Date
Aug 18, 2021
Cash Dividend
Ex DateEx DateSep 3, 2020
Dividend/Share
₹6.00
Ex DateEx Date
Sep 3, 2020
Solar Industries India has issued commercial paper of Rs 75 crore on 12 December 2024 with maturity date of 12 March 2024. Powered by Capital Market - Live
HDFC Asset Management Company Ltd, Tata Elxsi Ltd, Vardhman Textiles Ltd, HEG Ltd are among the other stocks to see a surge in volumes on BSE today, 03 December 2024.Solar Industries India Ltd notched up volume of 19560 shares by 10:47 IST on BSE, a 11.15 fold spurt over two-week average daily volume of 1754 shares. The stock rose 1.06% to Rs.10,653.90. Volumes stood at 2579 shares in the last session.HDFC Asset Management Company Ltd saw volume of 61190 shares by 10:47 IST on BSE, a 7.23 fold spurt over two-week average daily volume of 8463 shares. The stock increased 0.52% to Rs.4,272.15. Volumes stood at 6982 shares in the last session.Tata Elxsi Ltd witnessed volume of 31502 shares by 10:47 IST on BSE, a 6.09 times surge over two-week average daily volume of 5176 shares. The stock increased 6.25% to Rs.7,135.00. Volumes stood at 2977 shares in the last session.Vardhman Textiles Ltd witnessed volume of 45437 shares by 10:47 IST on BSE, a 5.06 times surge over two-week average daily volume of 8988 shares. The stock increased 2.93% to Rs.512.40. Volumes stood at 30334 shares in the last session.HEG Ltd saw volume of 76691 shares by 10:47 IST on BSE, a 3.76 fold spurt over two-week average daily volume of 20423 shares. The stock increased 10.33% to Rs.483.45. Volumes stood at 9657 shares in the last session.Powered by Capital Market - Live
The order is to be delivered over a period of 4 years to an international entity. Solar Industries India (SIIL) is the flagship company of the Solar Group. SIIL, along with its subsidiaries, manufactures bulk explosives, packaged explosives, and initiating systems, which find application in the mining, infrastructure, and construction industries. The Group forayed into the defence sector in 2010 and diversified into the manufacturing of propellants for missiles and rockets, warheads, and warhead explosives. The company's consolidated net profit jumped 42.8% to Rs 285.88 crore on a 27.3% rise in net sales to Rs 1,715.83 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live
The domestic equity benchmarks traded near flat line in early trade. The Nifty traded above the 24,250 mark. Media, PSU bank and metal shares advanced while FMCG, IT and pharma stocks declined. At 09:29 IST, the barometer index, the S&P BSE Sensex rose 12.08 points or 0.01% to 80,261.38. The Nifty 50 index added 9.75 points or 0.04% to 24,285.80. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.55% and the S&P BSE Small-Cap index rallied 0.79%. The market breadth was strong. On the BSE, 2,263 shares rose and 667 shares fell. A total of 114 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 238.28 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 3,588.66 crore in the Indian equity market on 2 December 2024, provisional data showed. Stocks in Spotlight: Solar Industries India jumped 6.73% after the company and its subsidiary has received export orders worth Rs 2,039 crore for supply of defence products, to be delivered over a period of 4 years. Godavari Biorefineries added 1.30% after the company secured license agreement with Catalyxx Inc for the conversion of ethanol to for up to 30,000 tons of biobutanol and other higher alcohols in India. The company will set up a 15000 tonne facility in the first phase. KPI Green Energy advanced 2.28% after the company has received order for setting up of 300 MWAC ground mounted solar PV Plant, including operation and maintenance services on a comprehensive basis for a period of five years from Coal India. The said project is worth Rs 1,311 crore. Numbers to Track: The yield on India's 10-year benchmark federal paper was up 0.17% to 6.832 as compared with previous close 6.820. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 84.7450, compared with its close of 84.7250 during the previous trading session. MCX Gold futures for 5 February 2024 settlement was flat to Rs 76,079. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.05% to 106.50. The United States 10-year bond yield rose 0.12% to 4.198. In the commodities market, Brent crude for January 2024 settlement gained 06 cents or 0.08% to $71.89 a barrel. Global Markets: Asian stocks advanced on Tuesday, buoyed by positive sentiment from the US stock market. Investors are gearing up for a flurry of economic data and commentary from Federal Reserve officials, which will shape expectations for future interest rate decisions. The US dollar rebounded from a three-day decline following a stern warning from the incoming administration to BRICS nations. In the US, the S&P 500 extended its record-breaking streak, climbing 0.24%. The Nasdaq 100 gained 1%, while Tesla shares retreated in after-hours trading after a Delaware judge rejected a generous compensation package for CEO Elon Musk. The Dow Jones Industrial Average dipped 0.29%. Tesla shares surged over 3%, building on recent gains. This followed Roth MTM's upgrade to buy from neutral, which cited the potential benefits of the EV maker's CEO's close ties with the incoming administration.Powered by Capital Market - Live
Solar Industries India and its subsidiary have received export orders worth Rs 2039 crore for Supply of Defence Products, to be delivered over a period of 4 years. Powered by Capital Market - Live
Net profit of Solar Industries India rose 42.84% to Rs 285.88 crore in the quarter ended September 2024 as against Rs 200.14 crore during the previous quarter ended September 2023. Sales rose 27.34% to Rs 1715.83 crore in the quarter ended September 2024 as against Rs 1347.46 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1715.831347.46 27 OPM %25.9224.89 - PBDT450.58318.20 42 PBT406.97284.53 43 NP285.88200.14 43 Powered by Capital Market - Live
Solar Industries India has received export orders of Rs 580 crore for supply of defence products to be delivered over a period of 5 years. Powered by Capital Market - Live
Solar Industries India will hold a meeting of the Board of Directors of the Company on 13 November 2024Powered by Capital Market - Live
Solar Industries India has received an order worth Rs. 887 crore from Singareni Collieries Company on 5 November 2024 for the supply of SME explosives, LDC explosives and initiating systems for blasting of Overburden, to be delivered over a period of two years. Powered by Capital Market - Live
The project has to be executed within a period of two years. Solar Industries India (SIIL) is the flagship company of the Solar Group. SIIL, along with its subsidiaries, manufactures bulk explosives, packaged explosives and initiating systems, which find application in the mining, infrastructure and construction industries. The Group forayed into the defence sector in 2010 and diversified into the manufacturing of propellants for missiles and rockets, warheads and warhead explosives. The scrip fell 1.13% to currently trade at Rs 9780 on the BSE. Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 19.81%, vs industry avg of 9.45%
Increasing Market Share
Over the last 5 years, market share increased from 3.42% to 5.27%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 26.15%, vs industry avg of 4.66%