Solar Industries India Ltd Share Price

Aerospace & Defence

NSE: SOLARINDS Large Cap ISIN: INE343H01029

As on 21 June 2025 at 06:28 IST

₹16,996

+ 114.00

(0.68%)

Sell Buy

Solar Industries India Q4 and Full-Year FY25 Results:

Net profit jumped 37% to ₹322 crores, compared to ₹235 crores in Q4 FY24. Total income in Q4 FY25 increased 33.5% to ₹2,173 crores from ₹1,628 crores in the same period last year. For the financial year 2025, the company reported a net profit of ₹1,209 crores and a total income of ₹7,611 crores, compared with ₹836 crores and ₹6,114 crores recorded last year, respectively.

About Solar Industries India Ltd

Solar Industries India Ltd. is a leading manufacturer of industrial explosives and explosive-initiating devices. The company was initiated in the year 1995, making it an prominent player with multiple decades of experience in the industry. The headquarters of the company is located in Nagpur, Maharashtra, India. Solar Industries' main products include bulk explosives, packaged explosives, and initiating systems. The company also manufactures defense products, including high-energy materials like HMX, RDX, and TNT. Additionally, it offers composite propellants, ammunition, and warheads. Solar Industries falls under the chemicals sector, and it is known for its comprehensive product range. +

Over 1 Month

26%

Over 6 Months

73.65%

Over 1 Year

73.50%

Over 3 Years

529.24%

Solar Industries India Ltd Summary

Close ₹16,996

Open ₹16,967

High ₹17,023

Low ₹16,602

Volume 1,93,662

Net Turnover (in Cr) ₹327.15

52Wk High ₹17,300

52Wk Low ₹8,482.50

52Wk High / Low

8,482.50

17,300

Solar Industries India Ltd Fundamentals

Key Financial Data

Market Cap (in Cr) ₹1,53,796.90

EPS (TTM) 88.75

Book Value (BV) 338.93

Div. Yield 0.06 %

P/E (TTM) 191.52

Price/Book Value 50.15

Delivery % 34.30 %

Face Value 2

Key Ratios

PE Ratio 133.34

PB Ratio 33.89

EV to Sales 21.45

PEG Ratio 3.93

ROA 22.38

ROE 28.99

Debt-Equity 0.18

Net Profit Margin 16.04

Operating Profit Margin 24.02

Solar Industries India Ltd Financials

Consolidated

Standalone

Yearly

Quarterly

Profit and Loss

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	6,113.99	6,954.05	3,967.27	2,537.05	2,278.35
Total Expenses	4,953.06	5,852.20	3,359.85	2,139.95	1,942.55
Profit Before Tax	1,161.28	1,101.58	607.42	397.10	335.80
Profit After Tax	875.23	811.17	455.47	288.07	278.67
Operating Profit After Depreciation	1,270.30	1,192.23	657.67	442.49	390.84

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	2,030.15	1,704.46	1,501.97	1,298.04	1,221.29
Total Non Current Assets	3,088.82	2,534.90	2,063.35	1,804.05	1,548.82
Total Current Assets	2,648.38	2,501.35	1,660.95	1,225.66	983.50
Total Assets	5,737.20	5,036.25	3,724.30	3,029.71	2,532.32
Total Shareholder's Fund	3,305.60	2,610.34	1,914.28	1,579.41	1,380.09

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash From Operating Activities	1,406.01	656.48	297.80	356.68	324.81
Net Cash Used In Investing Activities	-1,020.91	-614.27	-337.66	-253.24	-259.63
Net Cash Used In Financing Activities	-370.28	118.16	-45.40	-26.07	-33.62

Profit and Loss

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	3,775.86	4,218.09	2,564.51	1,610.04	1,546.89
Total Expenses	2,975.81	3,618.01	2,211.49	1,356.82	1,294.45
Profit Before Tax	800.05	600.08	353.02	253.22	252.44
Profit After Tax	596.30	445.39	261.52	189.07	213.40
Operating Profit After Depreciation	829.63	627.65	361.87	259.74	264.61

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	813.16	781.67	706.32	560.05	546.71
Total Non Current Assets	1,837.39	1,492.53	1,259.48	1,004.71	887.31
Total Current Assets	1,397.86	1,276.64	749.60	595.74	497.15
Total Assets	3,235.25	2,769.17	2,009.08	1,600.45	1,384.46
Total Shareholder's Fund	2,346.47	1,767.45	1,365.59	1,156.81	1,021.38

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash From Operating Activities	769.70	132.72	294.01	147.77	194.93
Net Cash Used In Investing Activities	-548.41	-270.73	-280.21	-99.33	-9.93
Net Cash Used In Financing Activities	-216.50	173.04	-36.02	-65.95	-142.08

Particulars (in ₹ Cr.)	2025-03	2024-12	2024-09	2024-06	2024-03
Total Revenue	2,166.55	1,973.08	1,715.83	1,684.80	1,610.71
Total Expenses	1,629.46	1,446.54	1,271.06	1,235.42	1,257.01
Profit Before Tax	464.37	459.11	406.97	408.29	305.38
Profit After Tax	346.11	337.50	303.78	300.54	242.71
Operating Profit after Depreciation	543.64	537.04	480.32	475.74	373.91

Particulars (in ₹ Cr.)	2025-03	2024-12	2024-09	2024-06	2024-03
Total Revenue	1,299.28	1,207.24	905.49	1,044.59	1,001.67
Total Expenses	981	917.67	674.37	786.45	751.43
Profit Before Tax	303.98	274.39	238.17	260.75	239.34
Profit After Tax	227.03	204.42	177.46	194.20	179.39
Operating Profit after Depreciation	332.81	301.37	262.76	283.92	263.42

Solar Industries India Ltd Technicals

Support and Resistance

S3 S2 S1 Pivot R1 R2 R3

S1 16,687.33

S2 16,492.67

S3 16,207.33

Pivot 16,972.67

R1 17,167.33

R2 17,452.67

R3 17,647.33

Moving Average

20 SMA 16,623.60

50 SMA 14,512.17

100 SMA 12,114.77

200 SMA 11,297.59

Solar Industries India Ltd Corporate Actions

Solar Industries India Ltd

₹8.5/Share

Announcement Date 04 Jul 2024

Record Date 04 Jul 2024

Div Yield 425%

Solar Industries India Ltd Peer Comparison

Company	Price	Market Cap (in Cr)
Hindustan Aeronautics Ltd	₹4,971.95	₹3,32,511.59
Bharat Electronics Ltd	₹408.05	₹2,98,275.53
Mazagon Dock Shipbuilders Ltd	₹3,258.45	₹1,31,439.36
Bharat Dynamics Ltd	₹1,901.55	₹69,703.69
Cochin Shipyard Ltd	₹2,181.20	₹57,383.18

Solar Industries India Ltd Top Mutal Funds Invested

Fund Name	AUM
Motilal Oswal Nifty India Defence Index Fund	16.07%
HDFC Defence Fund	15.68%
SBI Focused Equity Fund	5.64%
PGIM India Midcap Fund	4.50%
SBI Equity Hybrid Fund	4.25%

Solar Industries India Ltd News

Solar Industries bags explosives supply contract from CIL worth Rs 402 crore

Solar Industries India said that it has bagged orders worth Rs 402 crore from Coal India (CIL) for supply of cartridge explosives & accessories.

02 Jun 2025, 10:44 am

Solar Industries India schedules AGM

On 22 July 2025

21 May 2025, 03:07 pm

Board of Solar Industries India recommends final dividend

Of Rs 10 per share

20 May 2025, 09:09 pm

Solar Industries India announces board meeting date

On 20 May 2025

13 May 2025, 11:52 am

Solar Industries India receives affirmation in credit ratings from CRISIL

24 Apr 2025, 06:48 pm

Solar Industries India Ltd Stock Analysis

Annual revenue for Solar Industries India Ltd decreased by 10.48% to ₹3,775.86 crore in FY 2024 from ₹4,218.09 crore in FY 2023.
Annual Net Profit for Solar Industries India Ltd increased by 33.88% to ₹596.30 crore in FY 2024 from ₹445.39 crore in FY 2023.
Promoter Shareholding in Solar Industries India Ltd remains unchanged by 0.00% in the most recent quarter, from 73.15% in December 2024 to 73.15% in March 2025.
Solar Industries India Ltd delivered a 1-year return of 73.50% compared to the Nifty 50, which provided a return of 6.56% as of the last trading session.
Solar Industries India Ltd share price moved up by 0.68% from its previous close of INR ₹16,882. The latest Solar Industries India Ltd share price is INR ₹16,996.
Solar Industries India Ltd share price today has been at a low of 16,602 and a high of 17,023. Over the past 52 weeks, the Solar Industries India Ltd share price has seen a low of 8,482.50 and a high of 17,300.

About Solar Industries India Ltd

Solar Industries India Ltd. is the top manufacturer of industrial explosives and explosive-initiating devices. The company operates in the chemicals sector, specifically focusing on industrial explosives and defense products. Solar Industries India Ltd. was founded in 1995. Thus, it has many decades of experience in the chemical industry.
The headquarters of Solar Industries India Ltd. is located in Nagpur, Maharashtra, India. The company is promoted by the Nuwal family, with key promoters including Satyanarayan Nuwal and Manish Nuwal. They serve as the chairman & non-executive director and managing director & CEO of the company. The other crucial managerial promoters of Solar Industries include:

Suresh Menon
Milind Deshmukh
Natrajan Ramkrishna

Solar Industries' main products include industrial explosives such as bulk explosives, packaged explosives, and initiating systems. The company also manufactures defense products, as well as composite propellants, ammunition, and warheads. Its defense products include high-energy materials like HMX, RDX, and TNT.
Solar Industries India Ltd. is one of the largest domestic manufacturers of industrial explosives and defense products. The company holds a significant market share in the explosives industry. With a significant market capitalization, Solar Industries is a major player in its sector.
The promoter shareholding in Solar Industries India Ltd. stands at 73.15%, indicating strong promoter commitment to the business. The major shares are held by Manish Satyanarayan Nuwal and Kailash Chandra Nuwal. They hold 38.93% and 23.08% of shares from total promoter shareholding.
The registered office of the company is located at Solar House, 14, Kachimet, Amravati Road, Nagpur - 440023, Maharashtra, India. Its registrar & transfer agent is Link Intime India Private Limited.
Solar Industries India Ltd. is a well-established company in the industrial explosives and defense sector. The company is known for its comprehensive range of products and strong market presence. Its commitment to innovation, quality, and customer satisfaction has strengthened its position as a reliable name in the industry.

Impact of the Company

Solar Industries India Ltd. has emerged as a transformative force in India's industrial explosives and defense sector since its inception in 1995. Based in Nagpur, Maharashtra, the company has grown from a regional player to a market leader. This significantly impacts both the domestic and international markets for explosives and defense materials.
The company's impact on the industrial sector has been particularly noteworthy. This is possible through its comprehensive range of explosive products. As a manufacturer controlling significant market share, Solar Industries has played a crucial role in supporting India's mining, infrastructure, and construction sectors. Their bulk explosives, packaged explosives, and initiating systems have become essential components in these industries.
Thus, it contributes to the nation's developmental projects and resource extraction capabilities. This market dominance has created substantial employment opportunities. Also, this has helped the company to establish India as a significant player in the global explosives market.
In the defense sector, Solar Industries has made remarkable strides in strengthening India's military capabilities and self-reliance. The company produces sophisticated high-energy materials like HMX, RDX, and TNT, along with composite propellants, ammunition, and warheads. These productions have reduced the country's dependence on foreign imports for critical defense supplies. This achievement aligns perfectly with India's "Make in India" initiative. Also, this has enhanced the nation's strategic autonomy in defense manufacturing.
The strong promoter shareholding of the company has had a significant impact on its stability and long-term strategic planning. This high level of promoter commitment has enabled Solar Industries to make bold investment decisions and maintain consistent quality standards. The high resulting market capitalization reflects the company's major economic impact and its contribution to India's capital markets.
From a technological perspective, Solar Industries has been instrumental in driving innovation within the sector. Their commitment to research and development has led to the introduction of newer, safer, and more efficient explosive products. This has improved safety standards across the industry and also helped in reducing the environmental impact of explosive manufacturing and usage.
The company's economic impact extends beyond its direct operations. Solar Industries is a major employer in the Nagpur region and other operational locations. Thus, it has contributed significantly to local economic development. Their presence has created a network of suppliers, service providers, and auxiliary industries. This creates a multiplier effect on employment and economic growth in these regions.
Solar Industries India Ltd.'s impact on the Indian industrial and defense landscape has been profound and multi-faceted. The company has successfully balanced commercial success with national interests. Thus, it has become a crucial player in India's industrial growth and defense preparedness. Their market leadership, technological innovations, and strong corporate governance have set industry standards and created a blueprint for other companies in the sector.
As India continues its journey towards becoming a global manufacturing hub and strengthening its defense capabilities, Solar Industries' role as a key enabler of this transformation cannot be understated. Looking ahead, Solar Industries appears well-positioned to continue its impactful journey, driving innovation and growth in both the industrial and defense sectors.