Solar Industries India Limited share price
NSE: SOLARINDS · ISIN INE343H01029
Key numbers
- Market cap
- ₹ 1,78,673 Cr
- Current price
- ₹ 19,745.00
- 52-week high / low
- ₹ 22,700 / 11,646
- Stock P/E
- 90.5
- Book value
- ₹ 693.7
- Dividend yield
- 0.06%
- ROCE
- 36.0%
- ROE
- 31.4%
- Debt to equity
- 0.29
- Sales growth (3 yrs)
- 12.4%
- Profit growth (3 yrs)
- 30.4%
- 1-year return
- 38.9%
About Solar Industries India Limited
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…
Quarterly results
Consolidated figures in ₹ crores
| Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 2,154 | 2,082 | 2,548 | 3,053 | 3,668 |
| Operating profit | 535 | 553 | 708 | 826 | 1,015 |
| Net profit | 339 | 345 | 446 | 548 | 653 |
| EPS (₹) | 37.43 | 38.12 | 49.31 | 60.52 | 72.11 |
Concall summary (2026-09-17)
AI summary of the earnings call transcript · tone: Positive · source document
Guidance & outlook
- If you look at Omnia's current cash generation in the business, if you take the profit after tax and depreciation, it's around $110 million based on FY26 results.
- And going forward, based on our internal estimation, without taking any synergy benefits, they should be reaching around or they will be doing around $180 million of EBITDA.
Growth & demand
- Today marks a significant milestone in Solar Group's growth journey.
- Together, Omnia's mining and agriculture business, supported by a strong integrated manufacturing and supply chain platform, provides a robust industrial base to support the combined Solar Group's long -term growth ambitions.
Margins & costs
- And if you multiply that revenue with the 29% margin, that EBITDA, along with the Omnia's EBITDA of around 180 million without synergy, will reach us to around INR6,600 crores, INR6,700 crores.
- And if you take EBITDA of INR6,800 crores Solar Industries India Limited September 15, 2026 to, say, INR7,000 crores, which we are targeting, so that will give you a range of 22% to 23% on EBITDA margin percentage.
Capex & expansion
- Based on this EBITDA [division 0:14:30] which we are trying to achieve, and if you factor in the acquisition debt plus the regular debt which we have, should be around INR10,000 crores to INR11,000 crores by FY28.
- But if you look on the real incremental advantage of this acquisition, last year, the EBITDA of Solar was, say, around INR2,700 crores, which is precisely INR2,750 crores.
Balance sheet & cash
- And maybe we would be required to take some debt to kind of, you know, fund this deal.
- Yes, since the question is related to what will be the leverage position of Solar as a whole after the acquisition gets over, definitely, we cannot just answer by saying that what will be the multiple.
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