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Clear AllValue Research Rating
Quality Score 
0/0
Growth Score
0/0
Valuation Score
0/0
Momentum Score
0/0
Today’s Range
52 Week Range
Liquidity
Market cap
₹1,49,191 Cr
Revenue (TTM)
₹7,540 Cr
Net Profit (TTM)
₹1,288 Cr
ROE
33.5 %
ROCE
38.1 %
P/E Ratio
123.4
P/B Ratio
34
Industry P/E
23.43
EV/EBITDA
73.6
Div. Yield
0.1 %
Debt to Equity
0.2
Book Value
₹484.7
EPS
₹133.6
Face value
2
Shares outstanding
90,490,055
CFO
₹6,438.09 Cr
EBITDA
₹7,813.02 Cr
Net Profit
₹4,879.16 Cr
|
Company
|
YTD
|
1 Month
|
3 Months
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|---|---|---|---|---|---|---|---|
|
Solar
| 68.2 | -0.4 | 54.6 | 35.3 | 82.3 | 75.6 | 35.9 |
|
BSE Sensex
| 6.7 | 1.6 | 14.2 | 4.4 | 15.5 | 17.9 | 11.5 |
|
BSE Commodities
| 10.8 | 3.3 | 18.3 | 1.1 | 18.6 | 26.2 | -- |
|
Company
|
2024
|
2023
|
2022
|
2021
|
2020
|
2019
|
2018
|
|---|---|---|---|---|---|---|---|
|
Solar
| 44.3 | 53.4 | 81.1 | 121.5 | 2.2 | -2.4 | -8.2 |
|
BSE Sensex
| 8.1 | 18.7 | 4.4 | 22.0 | 15.8 | 14.4 | 5.9 |
|
BSE Commodities
| 8.1 | 17.5 | 1.2 | 61.5 | 26.1 | -4.6 | -19.2 |
Is there a threat to the company's solvency?
Can creative accounting be detected through the financial numbers?
How did the company perform in the last one year?
5Y Avg -- 3Y Avg -- TTM --
P/E Ratio
--
--Min --Median --Max
P/B Ratio
--
--Min --Median --Max
Earnings Yield (%)
--
Earnings Yield (%) = EBIT / Enterprise value
PEG Ratio
--
Price = Price / Earnings to growth ratio
Company |
Price (₹) | Market Cap (₹ Cr) | Revenue (TTM) | Net Profit (TTM) | OPM (%) | ROE (%) | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
|
Solar
|
16,454.0 | 1,49,191.0 | 7,540.3 | 1,287.9 | 23.6 | 33.5 | 123.4 | 34.0 |
| 5,144.0 | 22,151.2 | 15,260.0 | 479.1 | 3.6 | 12.8 | 46.2 | 6.1 | |
| 1,604.9 | 20,306.0 | 10,274.4 | 944.7 | 14.8 | 15.7 | 21.8 | 3.3 | |
| 387.7 | 1,825.0 | 580.2 | 157.2 | -15.9 | 10.3 | 11.6 | 1.2 | |
| 3,424.1 | 37,771.4 | 4,737.0 | 546.0 | 16.3 | 8.2 | 69.2 | 5.2 | |
| 4,185.7 | 418.9 | 487.8 | 24.9 | 6.0 | 21.1 | 16.8 | 3.4 | |
| 6,837.0 | 57,242.8 | 2,485.4 | 447.8 | 22.2 | 12.3 | 125.9 | 15.0 | |
| 4,995.7 | 24,777.3 | 2,349.4 | 288.6 | 17.6 | 11.3 | 85.9 | 9.4 | |
| 558.5 | 2,978.1 | 417.5 | 28.7 | 10.9 | -- | 103.8 | 12.1 | |
| 920.6 | 23,484.7 | 14,887.0 | 354.0 | 5.6 | 1.6 | 99.9 | 1.1 |
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Solar Industries India Limited, together with its subsidiaries, engages in the manufacture and sale of industrial explosives and explosive initiating devices in India and internationally. It offers industrial explosives, such as bulk and packaged... explosives; and initiating systems, including electronic, electric, non-electric, and plain detonators, as well as cord relays, cast boosters, detonating cords, and aluminum elemented det products. The company also provides defense products, including unmanned aerial systems and drones, ammunitions, military explosives, bombs and warheads, rockets, and drones armed with guided missiles, as well as counter drone systems and initiating systems and pyros comprising fuzes, detonators, ignitors, decoys and flares, and riot control devices. Its products are used in mining, infrastructure, construction, defence, and the space sectors. 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 founded in 1983 and is based in Nagpur, India. Read more
Incorporated
1995
Chairman
Satyanarayan Nuwal
Managing Director
Manish Nuwal
Headquarters
Nagpur, Maharashtra
Website
Looking for more details about Solar Industries India Ltd.’s IPO? Explore our IPO Details page.
Our rating system has guided millions of investors in the past 20 years.
The total asset value of Solar Industries India Ltd stood at ₹ 8,106 Cr as on 31-Mar-25
The share price of Solar Industries India Ltd is ₹16,454.00 (NSE) and ₹16,497.05 (BSE) as of 08-Jul-2025 14:24 IST. Solar Industries India Ltd has given a return of 82.3% in the last 3 years.
Solar Industries India Ltd has a market capitalisation of ₹ 1,49,191 Cr as on 08-Jul-2025. As per Value Research classification, it is a Large Cap company.
The P/B ratio of Solar Industries India Ltd is 34.01 times as on 08-Jul-2025, a 912% premium to its peers’ median range of 3.36 times.
The P/E ratio of Solar Industries India Ltd is 123.36 times as on 08-Jul-2025, a 427% premium to its peers’ median range of 23.43 times.
Step 1. Open a demat account through a broker. You would need to provide your email, PAN, bank account details, aadhar details, etc., for KYC
Step 2. Sign in to the broker’s application through a mobile app or website. Use the Login ID and password provided by your broker.
Step 3. Transfer funds from your bank account into the wallet present in your brokerage account.
Step 4. Search for the Solar Industries India Ltd and enter the required number of quantities and click on buy to purchase the shares of Solar Industries India Ltd.
Solar Industries India Limited, together with its subsidiaries, engages in the manufacture and sale of industrial explosives and explosive initiating devices in India and internationally. It offers industrial explosives, such as bulk and packaged explosives; and initiating systems, including electronic, electric, non-electric, and plain detonators, as well as cord relays, cast boosters, detonating cords, and aluminum elemented det products. The company also provides defense products, including unmanned aerial systems and drones, ammunitions, military explosives, bombs and warheads, rockets, and drones armed with guided missiles, as well as counter drone systems and initiating systems and pyros comprising fuzes, detonators, ignitors, decoys and flares, and riot control devices. Its products are used in mining, infrastructure, construction, defence, and the space sectors. 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 founded in 1983 and is based in Nagpur, India.
The prominent promoters of Solar Industries India Ltd. are
| Name of promoters | Holding percentage |
|---|---|
|
Manish Satyanarayan Nuwal |
38.93%
|
|
Kailash Chandra Nuwal |
23.08%
|
|
Indira Kailashchandra Nuwal |
6.15%
|
|
Satyanarayan Nandlalji Nuwal |
3.58%
|
The chairman of the company is Satyanarayan Nuwal, and the managing director is Manish Nuwal.
The promoters of Solar Industries India Ltd have pledged 1.11% of the total equity as on Mar-25.
Some of the close peers are:
| Company | Market Cap(₹ Cr) |
|---|---|
|
3,091
|
|
|
1,845
|
|
|
415
|
|
|
56,369
|
|
|
38,609
|
|
|
24,459
|
|
|
23,922
|
|
|
22,318
|
|
|
21,678
|
| Solar Industries India Ltd. | Ratios |
|---|---|
|
Return on equity(%)
|
33.49
|
|
Operating margin(%)
|
23.35
|
|
Net Margin(%)
|
16.88
|
|
Dividend yield(%)
|
0.09
|
Yes, TTM profit after tax of Solar Industries India Ltd was ₹1,288 Cr.
₹-263.00
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