Solar Industries India Limited
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 provides defense products, including unmanned aerial systems and drones, ammunitions, high energy materials, bombs and warheads, rockets and missiles, initiating systems and detonix, chaffs and flares, and mines 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. The company was founded in 1983 and is based in Nagpur, India.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 19.7%
Concerns1
- Valuation elevated β PE of 121.0x is 109% above Industrials median of 57.8x
Rule-based from financial data. Not advice.
Monthly Returns
Year-to-Date ROI
Historical Volatility
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ4.46 K Cr | β | βΉ803.00 Cr | β | β | 26.2% | 19.9% | 34.7% |
| Mar 2024 | βΉ3.72 K Cr | β | βΉ596.00 Cr | β | β | 25.4% | -10.6% | 33.9% |
| Mar 2023 | βΉ4.16 K Cr | β | βΉ445.00 Cr | β | β | 25.2% | 64.6% | 69.8% |
| Mar 2022 | βΉ2.53 K Cr | β | βΉ262.00 Cr | β | β | 19.2% | 59.6% | 38.6% |
| Mar 2021 | βΉ1.58 K Cr | β | βΉ189.00 Cr | β | β | 16.3% | 4.8% | -11.3% |
| Mar 2020 | βΉ1.51 K Cr | β | βΉ213.00 Cr | β | β | 20.9% | -9.1% | 11.5% |
| Mar 2019 | βΉ1.66 K Cr | β | βΉ191.00 Cr | β | β | 21.6% | 30.6% | 42.5% |
| Mar 2018 | βΉ1.27 K Cr | β | βΉ134.00 Cr | β | β | 17.7% | 12.0% | 0.8% |
| Mar 2017 | βΉ1.14 K Cr | β | βΉ133.00 Cr | β | β | 20.2% | 11.9% | 22.0% |
| Mar 2016 | βΉ1.02 K Cr | β | βΉ109.00 Cr | β | β | 19.9% | 6.9% | 0.9% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | TTM |
|---|---|
| Revenue / Net Sales | 5,019 |
| Total Expenses | 3,746 |
| EBIT / Operating Profit | 1,273 |
| OPM % | 25% |
| Other Income | 113 |
| Finance Costs | 29 |
| Depreciation & Amortisation | 88 |
| Profit Before Tax | 1,269 |
| Tax % | - |
| Net Profit / PAT | 946 |
| EPS (βΉ) | 104.53 |
| Dividend Payout % | - |
Peer Comparison
Industrials sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Solar Industries India Limitedthis co. | βΉ1.15 L Cr | βΉ4.46 K Cr | 121.00 | 32.81 | 128.61 | 19.9% |
| Larsen & Toubro Limited | βΉ5.35 L Cr | βΉ1.43 L Cr | 52.20 | 7.87 | 34.29 | 12.9% |
| Adani Ports and Special Economic Zone Ltd | βΉ3.29 L Cr | βΉ7.91 K Cr | 159.00 | 10.36 | 62.82 | 16.2% |
| Polycab India Limited | βΉ1.14 L Cr | βΉ21.91 K Cr | 46.90 | 10.84 | 42.32 | 21.4% |
| Cummins India Ltd. | βΉ1.10 L Cr | βΉ10.34 K Cr | 49.50 | 15.01 | 47.01 | 15.4% |
| Ashok Leyland Ltd. | βΉ1.09 L Cr | βΉ38.75 K Cr | 32.00 | 9.49 | 22.91 | 1.0% |
| ABB India Limited | βΉ1.05 L Cr | βΉ12.19 K Cr | 59.60 | 14.61 | β | 16.7% |
| Industry Average | β | βΉ5.40 K Cr | 57.83 | 7.16 | 40.88 | 45.0% |