Company research / Focus view

Solar Industries India

SOLARINDS · Chemicals & Fertilisers · large cap · Nifty Next 50

Revenue · FY26

₹9,612 cr

+30.6% YoY

What the business sold

Net profit · FY26

₹1,678 cr

+38.7% YoY

What it kept after tax

Operating profit · FY26

₹2,396 cr

+34.9% YoY

Profit from operations

Operating cash flow · FY26

₹621 cr

-74.8% YoY

Cash the operations produced

Total debt · FY26

₹1,809 cr

+32.1% YoY

Borrowings against the business

Dividend per share · FY26

—

Paid out per share · not collected yet

Five years in perspective

Price index · Start = 100 · Dividends excluded · ₹22,290 today (-0.36%)

+1146.1% · 5Y

2021 · 10020222023202420252026 · 896.2

1M +18.8%6M +53.6%1Y +59.4%3Y +377.0%5Y +1146.1%

Market cap

₹2.02 L Cr

As of 13 Sept 2026

Price to earnings

101.0

Price to book 32.1

Dividend yield

5.00%

Trailing twelve months

52-week range

₹11,646 – ₹22,625

Closing prices

The financial record

₹ crore · Consolidated where reported · Indian fiscal years (April–March)

Reported metric	FY23	FY24	FY25	FY26
Revenue	6,770	5,909	7,360	9,612
Operating profit	1,346	1,423	1,777	2,396
Net profit	757	836	1,209	1,678
Operating cash flow	656	1,406	2,468	621
Free cash flow	177	846	1,462	-1,118
Capital expenditure	-479	-560	-1,006	-1,739
Tax expense	290	286	451	629
Total debt	1,195	1,368	1,370	1,809
Cash and equivalents	245	259	590	469
Shareholders equity	2,610	3,306	4,413	6,277
Earnings per share (₹)	83.68	92.38	133.65	185.39

Not collected yet for this company: Dividend per share. These come from the filings, not the daily price feed.

Recent quarters

₹ crore · Most recent first

Quarter ended	Revenue	Operating profit	Net profit	EPS (₹)
30 Jun 2026	3,668	935	653	72.11
31 Mar 2026	3,053	755	548	60.52
31 Dec 2025	2,548	645	446	49.31
30 Sept 2025	2,082	492	345	38.12
30 Jun 2025	2,154	479	339	37.43

Developments

0 positive · 0 negative

NeutralEarnings2 days ago

Solar Industries: Defence Business Drives Growth as Earnings and Rs 21,350 Crore Order Book Strengthen

Solar Industries Indialarge cap

Dalal Street Investment Journal12 Sept 2026, 11:03 am IST

Classification & context · Moves the numbers

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral2 days ago

Where will Solar Industries stock be in the next five years?

Solar Industries Indialarge cap

TradingView12 Sept 2026, 10:03 am IST

Classification & context · Commentary

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Somebody's reading of events rather than an event. Worth the argument; not a filing.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral2 days ago

Solar Industries Hits Rs 2 Tn Market Cap On Defence Bet

Solar Industries Indialarge cap

BW Businessworld11 Sept 2026, 10:05 pm IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

NeutralEarnings4 days ago

Solar Industries: Defence exposure powers growth, but valuation may be running ahead of earnings

Solar Industries Indialarge cap

Livemint10 Sept 2026, 1:02 pm IST

Classification & context · Moves the numbers

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral4 days ago

Multibagger Explosives Stock Up 965% in 5 Years: Why It Rallied

Solar Industries Indialarge cap

Univest10 Sept 2026, 12:30 pm IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral5 days ago

HAL, BEL, Bharat Dynamics, Data Patterns, Solar Industries, Astra Microwave - Jefferies shares price targets | Full list

Bharat Electronicslarge cap Hindustan AeronauticsMentioned Solar Industries IndiaMentioned

Livemint9 Sept 2026, 3:05 pm IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral5 days ago

Broad-Based Technical Strength Lifts Solar Industries India Ltd to 52-Week High of Rs 22,617

Solar Industries Indialarge cap GAIL (India)Mentioned

MarketsMojo9 Sept 2026, 11:16 am IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral6 days ago

Solar Industries India - Lenskart Solutions among 4 stocks to hit 52-week highs & rallied up to 22% in a month

Solar Industries Indialarge cap GAIL (India)Mentioned

The Economic Times8 Sept 2026, 6:05 pm IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral6 days ago

Solar Industries Gains 1.5% After Jefferies Initiates 'Buy'

Solar Industries Indialarge cap

Whalesbook8 Sept 2026, 9:36 am IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral6 days ago

Solar Industries, Astra Microwave shares: Targets as Jefferies initiates coverage

Solar Industries Indialarge cap

Business Today8 Sept 2026, 9:29 am IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral6 days ago

Solar Industries shares rise over 2% on defence indigenisation push; Jefferies bullish on private sector...

Solar Industries Indialarge cap

Moneycontrol.com8 Sept 2026, 9:29 am IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral7 days ago

Solar Industries India - Vodafone Idea among 4 stocks hitting 52-week highs; rallied up to 22% in a month

Solar Industries Indialarge cap GAIL (India)Mentioned Vodafone IdeaMentioned

The Economic Times7 Sept 2026, 6:05 pm IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral7 days ago

Solar Industries Nears ₹2 Trillion Market Cap After Record Rally

Solar Industries Indialarge cap

Whalesbook7 Sept 2026, 11:25 am IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral7 days ago

Solar Industries market cap reaches ₹2 trillion; stock jumps 21% in 1 month

Solar Industries Indialarge cap

Business Standard7 Sept 2026, 11:18 am IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

NeutralOrders7 days ago

Solar Industries Share: Which Segment Between Explosives and Defence Contributes the Most to Its ₹21,350 Cr Order Book?

Solar Industries Indialarge cap

Trade Brains7 Sept 2026, 10:02 am IST

Classification & context · Commentary

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Somebody's reading of events rather than an event. Worth the argument; not a filing.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral7 days ago

Solar Industries India Ltd. 52 Week High Streak Analysis

Solar Industries Indialarge cap GAIL (India)Mentioned

Univest7 Sept 2026, 9:44 am IST

Classification & context · Commentary

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Somebody's reading of events rather than an event. Worth the argument; not a filing.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral7 days ago

ICRA Reaffirms [ICRA]A1+ Rating For Solar Industries India’s INR 500 Crore Commercial Paper Programme

Solar Industries Indialarge cap GAIL (India)Mentioned

SolarQuarter7 Sept 2026, 9:07 am IST

Classification & context · Moves the numbers

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral8 days ago

Rs 1 Lakh To Rs 12.2 Lakh: How This Defence-Energy Stock Delivered Stellar Returns In Five Years

Solar Industries Indialarge cap

NDTV Profit6 Sept 2026, 11:19 am IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

About the business

Solar Industries India Limited, together with its subsidiaries, manufactures and sells industrial explosives, explosive initiating devices, and high energy materials for mining and defense applications in India and internationally. The company offers industrial explosives comprising bulk, packaged, non-permitted, permitted, and seismic explosives; initiating systems; electronic, non-electric, and plain detonators; cord relays; cast boosters; detonating cords; and aluminum elemented det products. It also provides defense products consisting of high energy materials, such as HMX, RDX, TNT, and their compounds; composite, single base, double base, and triple base propellants; complete integration of rockets; ammunitions, including multi-mode hand grenades, mines, bombs, warheads, and bund blasting devices; drones and UAVs; pyros and ignitors; propellants for space applications; missiles; and unmanned systems and advanced defense technologies. The company serves the Coal India Limited (CIL), non-CIL and institutional, housing and infrastructure, and defense industries. It exports its products to approximately 90 countries. The company was formerly known as Solar Explosives Limited and changed its name to Solar Industries India Limited in February 2009. Solar Industries India Limited was incorporated in 1995 and is based in Nagpur, India.

Industry: Specialty Chemicals

solargroup.com

Data confidence

Prices, fundamentals and developments last verified 13 Sept 2026. Fundamentals are sourced from public filings feeds; interpretation is shown separately from figures.

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