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Daily Range
Daily RangeToday's Low
₹ 8,751.00
Today's High
₹ 8,994.00
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52 Weeks Range
52 Weeks Low
₹ 2,478.45
52 Weeks High
₹ 4,538.00
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Momentum of the Stock
Momentum of the Stock ![]()
Neutral
Neutral![]()
Circuit Limit
Lower
₹ 7,965.45
Upper
₹ 9,735.55
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Financials Strength Score
Financials Strength Score Piotroski Score
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Company Profile
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 packaged and bulk explosives; and initiating systems, including electronic, non-electric, 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. It primarily serves mining, defense, and infrastructure 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 headquartered in Nagpur, India.
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Companies under the same Group
Companies under the same Group
No Data Found
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Key Metrics
Key MetricsStandalone
Consolidated
No of shares Outstanding
9.0 Cr.
EPS-TTM
₹124.02
Face Value
₹2.00
Book Value
₹456.51
Net Asset Value
₹288.44
ROE
35.86%
ROA
19.00%
ROCE
36.34%
Dividend Yield
0.10%
Total Debt
₹ 0.0 Cr.
Sales Growth
75.36%
PAT Growth
78.10%
Financials
| Particulars | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 2,501.4 | 1,661.0 | 1,225.7 | 983.5 | 962.0 | 817.1 | 731.9 | 649.0 | 610.1 | 665.7 | 569.0 | 441.2 | 312.6 | 394.3 | 326.4 |
| Total Non-Current Assets | 2,407.4 | 1,965.6 | 1,733.8 | 1,497.3 | 1,290.5 | 1,169.3 | 989.8 | 863.2 | 778.5 | 682.8 | 538.4 | 454.8 | 345.6 | 141.9 | 123.8 |
| Total Assets | 4,908.7 | 3,629.4 | 2,959.4 | 2,480.8 | 2,253.0 | 1,988.0 | 1,721.8 | 1,512.2 | 1,389.2 | 1,352.5 | 1,108.0 | 899.4 | 661.0 | 540.2 | 453.0 |
| Total Current Liabilities | 1,632.3 | 1,117.9 | 819.4 | 732.2 | 724.5 | 566.0 | 526.5 | 447.9 | 364.7 | 472.1 | 405.3 | 353.3 | 251.0 | 153.0 | 147.5 |
| Total Non-Current Liabilities | 525.7 | 496.6 | 497.9 | 317.0 | 242.6 | 290.8 | 226.4 | 211.1 | 201.5 | 180.7 | 89.4 | 103.7 | 66.5 | 121.9 | 84.6 |
| Shareholder's Funds | 2,610.3 | 1,914.3 | 1,579.4 | 1,380.1 | 1,238.3 | 1,083.9 | 928.6 | 805.5 | 775.9 | 661.6 | 572.7 | 404.6 | 316.0 | 265.2 | 220.8 |
| Total Liabilities | 4,908.7 | 3,629.4 | 2,959.4 | 2,480.8 | 2,253.0 | 1,988.0 | 1,721.8 | 1,512.2 | 1,389.2 | 1,352.5 | 1,108.0 | 899.4 | 661.0 | 540.2 | 453.0 |
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Financial Statement Analysis
Price to BV
The Industry Price to BV stands at 11.66, vs the Price to BV of 27.67, which results in a Positive aspect.
Current Ratio
The Industry Current Ratio stands at 1.95, vs the Current Ratio of 1.34, which results in a Negative aspect.
Debt to Equity Ratio
The Industry Debt to Equity Ratio stands at 0.80, vs the Debt to Equity Ratio of 0.51, which results in a Positive aspect.
Quick Ratio
The Industry Quick Ratio stands at 1.33, vs the Quick Ratio of 0.89, which results in a Negative aspect.
| Particulars | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Income | 6,922.5 | 3,947.6 | 2,515.6 | 2,237.3 | 2,461.6 | 1,916.1 | 1,580.0 | 1,448.6 | 1,351.9 | 1,133.0 | 1,121.8 | 967.6 | 680.9 | 557.4 | 487.8 | 281.0 | 206.1 | 147.2 |
| Total Expenditure | 5,633.6 | 3,213.1 | 2,001.0 | 1,803.0 | 1,959.6 | 1,515.3 | 1,256.1 | 1,146.0 | 1,097.9 | 927.8 | 938.5 | 796.5 | 558.0 | 471.4 | 418.1 | 221.9 | 177.0 | 113.5 |
| Operating Profit(Excl OI) | 1,320.4 | 766.9 | 536.0 | 475.4 | 516.7 | 423.7 | 337.1 | 317.5 | 261.9 | 216.4 | 197.5 | 194.7 | 148.5 | 112.0 | 95.7 | 70.8 | 38.6 | 36.6 |
| Add: Other Income | 31.5 | 32.4 | 21.4 | 41.1 | 14.7 | 22.8 | 13.2 | 14.9 | 7.9 | 11.2 | 14.2 | 23.6 | 25.7 | 26.0 | 26.0 | 11.7 | 9.4 | 2.9 |
| Operating Profit | 1,320.4 | 766.9 | 536.0 | 475.4 | 516.7 | 423.7 | 337.1 | 317.5 | 261.9 | 216.4 | 197.5 | 194.7 | 148.5 | 112.0 | 95.7 | 70.8 | 38.6 | 36.6 |
| Less: Interest | 90.4 | 50.3 | 45.4 | 55.0 | 49.9 | 32.7 | 26.9 | 20.4 | 17.9 | 20.1 | 18.4 | 23.6 | 12.8 | 13.4 | 23.5 | 10.3 | 6.6 | 3.2 |
| PBDT | 1,230.1 | 716.7 | 490.6 | 420.3 | 466.8 | 390.9 | 310.2 | 297.1 | 244.1 | 196.3 | 179.2 | 171.1 | 135.7 | 98.6 | 72.3 | 60.5 | 32.0 | 33.4 |
| Less: Depreciation Amortization | 128.2 | 109.3 | 93.5 | 84.5 | 58.9 | 51.3 | 38.7 | 32.8 | 31.5 | 21.9 | 17.0 | 12.8 | 7.7 | 7.9 | 6.2 | 5.5 | 4.1 | 3.2 |
| PBT & Exceptional Items | 1,101.9 | 607.4 | 397.1 | 335.8 | 407.9 | 339.6 | 271.5 | 264.2 | 212.6 | 174.4 | 162.2 | 158.3 | 128.1 | 90.8 | 66.0 | 54.9 | 27.9 | 30.2 |
| Less: Exceptional Income Expenses | 0.0 | 0.0 | 0.0 | 0.0 | -6.1 | 0.0 | 0.0 | 0.0 | -10.0 | -10.0 | -10.0 | -4.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Profit Before Tax | 1,101.6 | 607.4 | 397.1 | 335.8 | 401.9 | 339.6 | 271.5 | 264.2 | 202.6 | 164.4 | 152.2 | 154.0 | 128.1 | 90.8 | 66.0 | 54.9 | 27.9 | 30.2 |
| Less: Taxation | 290.4 | 152.0 | 109.0 | 57.1 | 125.1 | 106.1 | 76.7 | 86.7 | 46.3 | 34.9 | 25.7 | 42.6 | 45.1 | 32.2 | 21.9 | 18.8 | 8.7 | 8.0 |
| Profit After Tax | 811.2 | 455.5 | 288.1 | 278.7 | 276.8 | 233.6 | 194.7 | 177.5 | 156.3 | 129.5 | 126.4 | 111.4 | 83.0 | 58.6 | 44.1 | 36.1 | 19.2 | 22.2 |
| Earnings Per Share | 83.7 | 48.8 | 30.5 | 29.6 | 28.9 | 24.4 | 20.6 | 18.1 | 16.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 |
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Financial Statement Analysis
Dividend Yield
The Industry Dividend Yield stands at 0.35, vs the Dividend Yield of 0.08, which results in a Negative aspect.
PAT Growth
The Industry PAT Growth stands at 42.26, vs the PAT Growth of 0.68, which results in a Negative aspect.
PAT Margin
The Industry PAT Margin stands at 12.89, vs the PAT Margin of 12.24, which results in a Negative aspect.
PE Ratio
The Industry PE Ratio stands at 81.88, vs the PE Ratio of 107.81, which results in a Positive aspect.
| Particulars | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit Before Tax | 1,101.9 | 607.4 | 397.1 | 335.8 | 401.9 | 339.6 | 271.5 | 264.2 | 202.6 | 164.4 | 152.2 | 154.0 | 128.1 | 90.8 | 66.0 |
| Tax Paid | -254.4 | -159.6 | -104.1 | -108.0 | -129.4 | -89.5 | -59.0 | -47.0 | -53.2 | -28.5 | -26.2 | -42.5 | -45.1 | -32.2 | -21.9 |
| Adjustment | 335.8 | 162.3 | 168.9 | 130.3 | 142.7 | 104.3 | 16.9 | 51.5 | 85.1 | 55.5 | 62.4 | 42.8 | 19.2 | 21.2 | 29.6 |
| Changes In Working Capital | 1,101.9 | 607.4 | 397.1 | 335.8 | 401.9 | 339.6 | 271.5 | 264.2 | 202.6 | 164.4 | 152.2 | 154.0 | 128.1 | 90.8 | 66.0 |
| Cash Flow after changes in Working Capital | 910.9 | 457.4 | 460.8 | 432.8 | 443.2 | 343.6 | 176.7 | 290.2 | 283.7 | 198.5 | 139.0 | 90.5 | 78.2 | 74.4 | 122.5 |
| Cash Flow from Operating Activities | 656.5 | 297.8 | 356.7 | 324.8 | 313.8 | 254.1 | 117.6 | 243.3 | 230.5 | 170.0 | 112.8 | 48.0 | 33.1 | 42.2 | 100.6 |
| Cash Flow from Investing Activities | -519.0 | -303.1 | -250.7 | -212.2 | -202.3 | -174.3 | -170.4 | -140.8 | -149.0 | -160.6 | -155.4 | -141.1 | -100.5 | -30.9 | -29.2 |
| Cash Flow from Financing Activities | 118.2 | -45.4 | -26.1 | -33.6 | -51.7 | -53.2 | 53.3 | -91.6 | -177.2 | 31.5 | 71.8 | 92.4 | 40.4 | 9.8 | -70.9 |
| Net Cash Inflow / Outflow | 255.7 | -50.7 | 79.9 | 79.0 | 59.8 | 26.6 | 0.5 | 10.8 | -95.8 | 40.8 | 29.2 | -0.7 | -27.0 | 21.0 | 0.5 |
| Opening Cash & Cash Equivalents | 84.7 | 169.9 | 92.6 | 61.0 | 52.5 | 25.9 | 25.4 | 14.6 | 133.0 | 92.2 | 63.0 | 66.8 | 94.0 | 72.9 | 72.4 |
| Closing Cash & Cash Equivalent | 245.0 | 84.7 | 169.9 | 92.6 | 61.0 | 52.5 | 25.9 | 25.4 | 37.3 | 133.0 | 92.2 | 66.1 | 67.0 | 94.0 | 72.9 |
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Financial Statement Analysis
PFCF Ratio
The Industry PFCF Ratio stands at 16.10, vs the PFCF Ratio of 90.68, which results in a Positive aspect.
PCF RATIO
The Industry PCF RATIO stands at 45.57, vs the PCF RATIO of 25.35, which results in a Negative aspect.
| Particulars | Dec 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 | Dec 2021 | Sep 2021 | Jun 2021 | Mar 2021 | Dec 2020 | Sep 2020 | Jun 2020 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 19,730.8 | 14,291.4 | 13,474.6 | 16,822.1 | 19,285.4 | 18,117.5 | 15,666.0 | 16,156.4 | 13,168.5 | 10,178.7 | 7,876.6 | 8,252.3 | 7,913.9 | 6,458.5 | 5,872.5 | 4,911.4 | 5,474.8 |
| Total Income | 19,826.2 | 14,400.5 | 13,551.8 | 16,904.0 | 19,398.8 | 18,189.9 | 15,709.6 | 16,242.2 | 13,176.2 | 10,249.4 | 7,986.8 | 8,260.3 | 7,938.3 | 6,590.8 | 5,891.2 | 4,950.2 | 5,673.3 |
| Total Expenditure | 14,465.4 | 10,729.0 | 10,113.1 | 13,590.9 | 15,710.8 | 14,622.4 | 12,676.2 | 13,326.7 | 10,540.3 | 8,399.0 | 6,559.1 | 6,505.1 | 6,268.4 | 5,136.1 | 4,613.9 | 3,992.1 | 4,577.7 |
| PBIDT (Excl OI) | 5,265.4 | 3,562.4 | 3,361.5 | 3,231.2 | 3,574.6 | 3,495.1 | 2,989.8 | 2,829.7 | 2,628.2 | 1,779.7 | 1,317.5 | 1,747.2 | 1,645.5 | 1,322.4 | 1,258.6 | 919.3 | 897.1 |
| Other Income | 95.4 | 109.1 | 77.2 | 81.9 | 113.4 | 72.4 | 43.6 | 85.8 | 7.7 | 70.7 | 110.2 | 8.0 | 24.4 | 132.3 | 18.7 | 38.8 | 198.5 |
| Operating Profit | 5,360.8 | 3,671.5 | 3,438.7 | 3,313.1 | 3,688.0 | 3,567.5 | 3,033.4 | 2,915.5 | 2,635.9 | 1,850.4 | 1,427.7 | 1,755.2 | 1,669.9 | 1,454.7 | 1,277.3 | 958.1 | 1,095.6 |
| Interest | 305.1 | 282.9 | 248.9 | 246.7 | 312.4 | 254.6 | 194.1 | 142.7 | 147.8 | 134.1 | 118.0 | 102.6 | 104.8 | 109.4 | 116.7 | 123.0 | 144.2 |
| Exceptional Items | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| PBDT | 5,055.7 | 3,388.6 | 3,189.8 | 3,066.4 | 3,375.6 | 3,312.9 | 2,839.3 | 2,772.8 | 2,488.1 | 1,716.3 | 1,309.7 | 1,652.6 | 1,565.1 | 1,345.3 | 1,160.6 | 835.1 | 951.4 |
| Depreciation | 474.2 | 386.0 | 336.7 | 341.0 | 353.1 | 320.1 | 303.5 | 305.4 | 296.3 | 271.9 | 272.5 | 251.8 | 225.3 | 243.6 | 238.5 | 227.9 | 221.4 |
| Profit Before Tax | 4,581.5 | 3,002.6 | 2,853.1 | 2,725.4 | 3,022.5 | 2,992.8 | 2,535.8 | 2,467.4 | 2,191.8 | 1,444.4 | 1,037.2 | 1,400.8 | 1,339.8 | 1,101.7 | 922.1 | 607.2 | 730.0 |
| Tax | 1,216.1 | 769.9 | 755.4 | 708.5 | 814.4 | 799.9 | 648.9 | 640.9 | 443.9 | 393.8 | 289.5 | 392.3 | 389.4 | 287.4 | 246.0 | 167.5 | 198.2 |
| Provisions and contingencies | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Profit After Tax | 3,365.4 | 2,232.7 | 2,097.7 | 2,016.9 | 2,208.1 | 2,192.9 | 1,886.9 | 1,826.5 | 1,747.9 | 1,050.6 | 747.7 | 1,008.5 | 950.4 | 814.3 | 676.1 | 439.7 | 531.8 |
| Net Profit | 3,365.4 | 2,232.7 | 2,097.7 | 2,016.9 | 2,208.1 | 2,192.9 | 1,886.9 | 1,826.5 | 1,747.9 | 1,050.6 | 747.7 | 1,008.5 | 950.4 | 814.3 | 676.1 | 439.7 | 531.8 |
| ADDITIONAL INFOS: | |||||||||||||||||
| Equity Capital | 181.0 | 181.0 | 181.0 | 181.0 | 181.0 | 181.0 | 181.0 | 181.0 | 181.0 | 181.0 | 181.0 | 181.0 | 181.0 | 181.0 | 181.0 | 181.0 | 181.0 |
| Reserves | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| EPS | 34.8 | 22.5 | 22.1 | 21.8 | 22.8 | 22.6 | 19.5 | 18.8 | 18.6 | 11.3 | 8.2 | 10.8 | 10.1 | 8.6 | 7.2 | 4.7 | 5.5 |
| Operating Profit Margin | 27.2 | 25.7 | 25.5 | 19.7 | 19.1 | 19.7 | 19.4 | 18.0 | 20.0 | 18.2 | 18.1 | 21.3 | 21.1 | 22.5 | 21.8 | 19.5 | 20.0 |
| Net Profit Margin | 17.1 | 15.6 | 15.6 | 12.0 | 11.4 | 12.1 | 12.0 | 11.3 | 13.3 | 10.3 | 9.5 | 12.2 | 12.0 | 12.6 | 11.5 | 9.0 | 9.7 |
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Financial Statement Analysis
Mcap Growth
The Industry Mcap Growth stands at 41.34, vs the Mcap Growth of -15.47, which results in a Negative aspect.
Net Sales Growth
The Industry Net Sales Growth stands at 23.45, vs the Net Sales Growth of -9.11, which results in a Negative aspect.
Technicals
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Pivot Levels
Pivot Levels Check Advanced Levels ![]()
| Type | Classic | Woodie | Camarilla |
|---|---|---|---|
| R4 | 9,336.50 | 9,590.50 | 8,984.15 |
| R3 | 9,222.33 | 9,215.00 | 8,917.33 |
| R2 | 9,108.17 | 9,104.50 | 8,895.05 |
| R1 | 8,979.33 | 8,972.00 | 8,872.78 |
| Pivot | 8,865.17 | 8,861.50 | 8,865.17 |
| S1 | 8,736.33 | 8,729.00 | 8,828.23 |
| S2 | 8,622.17 | 8,618.50 | 8,805.95 |
| S3 | 8,493.33 | 8,486.00 | 8,783.68 |
| S4 | 8,364.50 | 8,132.50 | 8,716.85 |
(All Values are in INR)
The Pivot level gives the user an indication about key support & resistance levels for a selected stock.
EMA & SMA Levels 
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Beta
Beta 1 Day
1.11
1 Week
1.10
1 Month
1.09
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Indicators
Stoch RSI
100.00
Bearish
RSI
82.48
Bearish
ROC
-2.90
Bearish
UltimateOscillator
52.21
Neutral
Williams Indicator
-77.89
Neutral
CCI Indicator
-54.90
Neutral
MACD
3,329.51
Bullish
Stochastic Indicator
23.91
Neutral
ATR
475.92
High Volatility
Corporate Actions
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Corporate Actions - Board Meet
Corporate Actions - Board Meet | Ex-Date | Ratio | Record Date |
|---|
| Ex-Date | Ratio | Record Date |
|---|---|---|
| Announcement Date | Dividend Amount | Dividend Percentage of FV | Dividend Type |
|---|---|---|---|
| 09-06-2023 | 8.00 | 400 | Final |
| 27-05-2022 | 7.50 | 375 | Final |
| 18-08-2021 | 6.00 | 300 | Final |
| Date Of Conduct | Board Meeting Details |
|---|---|
| 05-02-2025 | Quarterly Results |
| 13-11-2024 | Quarterly Results |
| 07-02-2024 | Quarterly Results |
| 02-11-2023 | Quarterly Results |
| 03-08-2023 | Quarterly Results |
| 03-05-2023 | Audited Results & Final Dividend |
| 25-01-2023 | Quarterly Results |
| 04-11-2022 | Quarterly Results & Inter alia, to consider and approve :- 1) The offer, issue and allotment of unsecured Redeemable Non-Convertible Debentures |
| 25-07-2022 | Quarterly Results |
| 03-05-2022 | SOLAR INDUSTRIES INDIA LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/05/2022 ,inter alia, to consider and approve Pursuant to the Regulation 29 read with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the meeting of the Board of Directors is scheduled to be held on Tuesday, May 3, 2022 at 11:30 a.m. inter alia to : 1. consider and approve the Audited Standalone & Consolidated Financial Results of the Company for the quarter and year ended on March 31, 2022; and 2. consider and recommend the payment of Dividend, if any, for the Financial Year 2021- 2022. |
| 29-01-2022 | Quarterly Results |
| 29-10-2021 | Quarterly Results |
| 29-07-2021 | Quarterly Results |
| 27-05-2021 | Final Dividend & Audited Results |