Solar Industries India Ltd
SOLARINDSSolar Industries India Ltd
SOLARINDS
Price 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 |
|---|---|---|
| 89.86 | 26.50 | 0.08% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 29.46 | 3.34 | 1.38% |
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
Sumitomo Chemical India Ltd
Himadri Speciality Chemical 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
Peers & Comparison
MaterialsCommodity Chemicals
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Solar Industries India Ltd | 108.65 | 26.50 | 0.08% |
| Linde India Ltd | 127.80 | 15.99 | 0.18% |
| Deepak Nitrite Ltd | 44.92 | 7.55 | 0.28% |
| Sumitomo Chemical India Ltd | 69.53 | 10.51 | 1.15% |
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 3.0904% | Percentage of the fund’s portfolio invested in the stock 3.75% | Change in the portfolio weight of the stock over the last 3 months -0.32% | 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 9/96 (-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 1.5769% | Percentage of the fund’s portfolio invested in the stock 4.10% | Change in the portfolio weight of the stock over the last 3 months -0.39% | 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 11/34 (-2) |
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 1.2455% | Percentage of the fund’s portfolio invested in the stock 2.23% | Change in the portfolio weight of the stock over the last 3 months -0.12% | 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 7/75 (+3) |
Compare 3-month MF holding change on Screener
Hmm, looks like there hasn't been any net deal activity in the last 6 monthssmallcases
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 0.08%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹0.85 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
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
Solar Industries India has received export orders worth Rs 399.4 crore for supply of defence products, to be delivered over a period of 3 years.Powered by Capital Market - Live
Net profit of Solar Industries India rose 45.11% to Rs 286.46 crore in the quarter ended June 2024 as against Rs 197.41 crore during the previous quarter ended June 2023. Sales rose 0.75% to Rs 1694.78 crore in the quarter ended June 2024 as against Rs 1682.21 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1694.781682.21 1 OPM %26.5219.20 - PBDT448.27306.54 46 PBT408.29272.44 50 NP286.46197.41 45 Powered by Capital Market - Live
Defence sector may be back in action, ICICI Securities shares 5 stock picks
Q1 results this week: LIC, Airtel, Vedanta, Eicher Motors, Tata Power and others
Solar Industries India will hold a meeting of the Board of Directors of the Company on 6 August 2024.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 9.42%
Increasing Market Share
Over the last 5 years, market share increased from 3.41% to 5.24%
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 4.69%