NSE / BSEIndustrials
β‚Ή18244.55-379.20-2.04%
P/E121.0Mkt Capβ‚Ή1.15 L CrEV/EBITDA128.6

Solar Industries India Limited

P/E121.0Mkt Capβ‚Ή1.15 L CrEV/EBITDA128.6
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 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

Market Cap
β‚Ή0.00
β€”
Current Price
β‚Ή0
β€”as of 28 Jul 2026
P/E Ratio
0.0x
β€”
P/B Ratio
0.0x
β€”
EV / EBITDA
0.0x
β€”
EV / Sales
0.0x
β€”
52W High
β‚Ή0
β€”
52W Low
β‚Ή0
β€”
Shares Out
0.00 Cr
β€”

Profitability

Operating Margin
0.0%
β€”
Net Profit Margin
0.0%
β€”
EBITDA Margin
0.0%
β€”

Returns

ROE
0.0%
β€”
ROCE
0.0%
β€”
ROIC %
β€”
β€”
ROA
0.0%
β€”
Dividend Payout
0.0%
β€”

Solvency

Current Ratio
0.0x
β€”
Debt / Equity
0.0x
β€”
Debt / Assets
0.0x
β€”
CFO / Net Profit
0.0x
β€”
Interest Coverage
0.0x
β€”

AI Summary

Indian Stock

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Rule-based from financial data. Not advice.

Price Historyβ–² 26.20% over 1Y
Monthly Returns

Historically, Mar has averaged the highest return (+13.1%); Feb the lowest (-2.5%).

Average from:
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+9.9%Positive MonthJan 2026: +9.92%+0.2%Neutral MonthFeb 2026: +0.18%-10.6%Negative MonthMar 2026: -10.59%+27.9%Positive MonthApr 2026: +27.91%+18.4%Positive MonthMay 2026: +18.36%+2.2%Positive MonthJun 2026: +2.25%-2.4%*Negative MonthJul 2026: -2.36%β€”β€”β€”β€”β€”
2025+4.0%Positive MonthJan 2025: +4.02%-14.7%Negative MonthFeb 2025: -14.73%+29.3%Positive MonthMar 2025: +29.33%+17.0%Positive MonthApr 2025: +17.00%+22.4%Positive MonthMay 2025: +22.42%+9.2%Positive MonthJun 2025: +9.23%-19.1%Negative MonthJul 2025: -19.11%-3.1%Negative MonthAug 2025: -3.05%-3.3%Negative MonthSep 2025: -3.29%+4.1%Positive MonthOct 2025: +4.12%-4.4%Negative MonthNov 2025: -4.44%-7.6%Negative MonthDec 2025: -7.63%
2024-3.9%Negative MonthJan 2024: -3.92%+4.4%Positive MonthFeb 2024: +4.38%+30.3%Positive MonthMar 2024: +30.27%+2.1%Positive MonthApr 2024: +2.08%+4.7%Positive MonthMay 2024: +4.73%+6.6%Positive MonthJun 2024: +6.64%+7.6%Positive MonthJul 2024: +7.62%-0.8%Neutral MonthAug 2024: -0.76%+7.6%Positive MonthSep 2024: +7.61%-11.2%Negative MonthOct 2024: -11.19%+4.5%Positive MonthNov 2024: +4.51%-8.3%Negative MonthDec 2024: -8.28%
2023-9.2%Negative MonthJan 2023: -9.16%-2.3%Negative MonthFeb 2023: -2.33%-5.0%Negative MonthMar 2023: -5.00%+2.9%Positive MonthApr 2023: +2.85%-1.9%Neutral MonthMay 2023: -1.88%-0.3%Neutral MonthJun 2023: -0.30%+1.6%Neutral MonthJul 2023: +1.55%+27.5%Positive MonthAug 2023: +27.49%-0.5%Neutral MonthSep 2023: -0.55%+14.3%Positive MonthOct 2023: +14.35%+13.6%Positive MonthNov 2023: +13.59%+7.6%Positive MonthDec 2023: +7.56%
2022-4.8%Negative MonthJan 2022: -4.77%+0.2%Neutral MonthFeb 2022: +0.23%+21.3%Positive MonthMar 2022: +21.28%-1.6%Neutral MonthApr 2022: -1.59%-5.2%Negative MonthMay 2022: -5.16%+4.8%Positive MonthJun 2022: +4.83%+0.1%Neutral MonthJul 2022: +0.09%+21.2%Positive MonthAug 2022: +21.20%+17.8%Positive MonthSep 2022: +17.84%-0.4%Neutral MonthOct 2022: -0.37%-1.0%Neutral MonthNov 2022: -0.97%+13.9%Positive MonthDec 2022: +13.94%
2021β€”β€”β€”β€”β€”+13.2%Positive MonthJun 2021: +13.25%+7.3%Positive MonthJul 2021: +7.32%+2.7%Positive MonthAug 2021: +2.72%+21.0%Positive MonthSep 2021: +21.02%+17.6%Positive MonthOct 2021: +17.55%+11.1%Positive MonthNov 2021: +11.09%-12.4%Negative MonthDec 2021: -12.41%
AvgΒ±SD-0.8%Β±6.8%-2.5%Β±6.5%+13.1%Β±17.4%+9.7%Β±11.1%+7.7%Β±10.9%+6.0%Β±4.4%-0.8%Β±9.0%+9.5%Β±12.4%+8.5%Β±9.7%+4.9%Β±10.4%+4.8%Β±6.9%-1.4%Β±10.2%
* Current month β€” value will change until month-end.

Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β€” the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.

Seasonal Tendency

This aggregates every month by calendar position β€” all Januaries together, all Februaries together, and so on β€” to show whether a given month has leaned positive or negative historically. β€˜Simple’ counts each month as +1 or βˆ’1. β€˜Weighted’ gives larger moves more influence: +2 above +10%, βˆ’2 below βˆ’10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations β€” read it as a historical tendency, not a reliable seasonal pattern.

Historical Trend

This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.

Year-to-Date ROI
Average from:
SD Γ—
Latest: 1.488x (2026)

Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β€” at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in β€œAverage from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.

Historical Performance

Revenue, profitability, and cash flow trends (β‚Ή 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

Revenueβ‚Ή4.46 K Crβ–² 19.9%
EBITDA Growthβ€”
Net Profitβ‚Ή803.00 Crβ–² 34.7%
Cash from Ops (CFO)β€”
Free Cash Flow (FCF)β€”β–² 3175.0%
Revenue CAGR 5Y19.7%
EBITDA CAGR 5Y24.5%
Net Profit CAGR 5Y22.8%
NP Growth 1Y34.7%

Historical Growth

Year-by-year revenue, profitability, and cash flow (β‚Ή Crores, last 10 years)

YearRevenueOp. IncomeNet ProfitCFOFCFROERev Growth 1YNP Growth 1Y
Mar 2025β‚Ή4.46 K Crβ€”β‚Ή803.00 Crβ€”β€”26.2%19.9%34.7%
Mar 2024β‚Ή3.72 K Crβ€”β‚Ή596.00 Crβ€”β€”25.4%-10.6%33.9%
Mar 2023β‚Ή4.16 K Crβ€”β‚Ή445.00 Crβ€”β€”25.2%64.6%69.8%
Mar 2022β‚Ή2.53 K Crβ€”β‚Ή262.00 Crβ€”β€”19.2%59.6%38.6%
Mar 2021β‚Ή1.58 K Crβ€”β‚Ή189.00 Crβ€”β€”16.3%4.8%-11.3%
Mar 2020β‚Ή1.51 K Crβ€”β‚Ή213.00 Crβ€”β€”20.9%-9.1%11.5%
Mar 2019β‚Ή1.66 K Crβ€”β‚Ή191.00 Crβ€”β€”21.6%30.6%42.5%
Mar 2018β‚Ή1.27 K Crβ€”β‚Ή134.00 Crβ€”β€”17.7%12.0%0.8%
Mar 2017β‚Ή1.14 K Crβ€”β‚Ή133.00 Crβ€”β€”20.2%11.9%22.0%
Mar 2016β‚Ή1.02 K Crβ€”β‚Ή109.00 Crβ€”β€”19.9%6.9%0.9%

Financial Statements

Income statement, balance sheet, and cash flow (β‚Ή Crores, as reported)

Consolidated Figures in USD Millions.

Unnamed: 0Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue / Net Sales8569501,0161,1371,2731,6631,5121,5842,5284,1603,7184,4575,019
Total Expenses7337948329201,0461,3501,2481,3122,1533,5292,8823,3593,746
EBIT / Operating Profit1231551842172283132632723756318361,0971,273
OPM %14%16%18%19%18%19%17%17%15%15%22%25%25%
Other Income71014131815352636545784113
Finance Costs1478141412127928302929
Depreciation & Amortisation13181819262934384957637588
Profit Before Tax1031401731972052872522533536008001,0771,269
Tax %18%23%37%33%35%33%15%25%26%26%25%25%-
Net Profit / PAT84108109133134191213189262445596803946
EPS (β‚Ή)9.2611.9212.0314.6514.8421.1623.5820.8928.9049.2265.9088.75104.53
Dividend Payout %26%29%37%34%40%33%25%29%26%16%13%11%-

Peer Comparison

Industrials sector peers, ranked by market cap

CompanyMarket CapRevenueP/EP/BEV/EBITDARev G 1Y
Solar Industries India Limitedthis co.β‚Ή1.15 L Crβ‚Ή4.46 K Cr121.0032.81128.6119.9%
Larsen & Toubro Limitedβ‚Ή5.35 L Crβ‚Ή1.43 L Cr52.207.8734.2912.9%
Adani Ports and Special Economic Zone Ltdβ‚Ή3.29 L Crβ‚Ή7.91 K Cr159.0010.3662.8216.2%
Polycab India Limitedβ‚Ή1.14 L Crβ‚Ή21.91 K Cr46.9010.8442.3221.4%
Cummins India Ltd.β‚Ή1.10 L Crβ‚Ή10.34 K Cr49.5015.0147.0115.4%
Ashok Leyland Ltd.β‚Ή1.09 L Crβ‚Ή38.75 K Cr32.009.4922.911.0%
ABB India Limitedβ‚Ή1.05 L Crβ‚Ή12.19 K Cr59.6014.61β€”16.7%
Industry Averageβ€”β‚Ή5.40 K Cr57.837.1640.8845.0%

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