Solar Industries India Ltd.
NSE: SOLARINDS · Explosives
Snapshot
Unlock Solar Industries India Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Solar Industries India Limited manufactures a comprehensive range of industrial explosives, initiating systems, and specialized defense products. The company serves the mining, infrastructure, and defense sectors through its extensive portfolio of detonators, boosters, and advanced military hardware.
Business Model
The company generates revenue through the production and sale of industrial explosives for mining and infrastructure projects, alongside high-margin defense contracts for ammunition and drone systems. It operates as a vertically integrated manufacturer, controlling the supply chain from basic initiating devices to complex explosive systems.
Growth Outlook
Growth is driven by increasing demand for industrial explosives in mining and infrastructure development, coupled with significant expansion into the defense sector. The company is actively scaling its capabilities in unmanned aerial systems and advanced military munitions to capture domestic and international defense opportunities.
Key Risks
- Regulatory and Safety Risks. The manufacture and handling of explosives are subject to stringent government regulations and inherent safety hazards that could disrupt operations.
- Raw Material Price Volatility. Fluctuations in the costs of key chemical inputs and raw materials can significantly impact profit margins.
- Geopolitical and Defense Contract Risks. Reliance on defense contracts exposes the company to changes in government procurement policies and geopolitical stability.
- Cyclicality of Mining Sector. Demand for industrial explosives is highly correlated with the cyclical performance of the global mining and infrastructure industries.
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Key Metrics
REVENUE
₹11,351 Cr
TTM · consolidated
NET PROFIT
₹2,051 Cr
TTM · consolidated
EPS
₹220.06
TTM · consolidated
RETURN ON EQUITY
38.5%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
40.1%
TTM · consolidated
P/E
97.5x
Q1 FY27 · consolidated
EV/EBITDA
60.8x
Q1 FY27 · consolidated
EBITDA MARGIN
28.3%
TTM · consolidated
NET PROFIT MARGIN
18.2%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.3%
Q1 FY27 · consolidated
Peers · Explosives
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Solar Industries India Ltd.SOLARINDS | ₹1.94L Cr | 97.45 | 60.78 | 41.7% | 28.3% | 38.5% | 40.1% | +52.5% |
Premier Explosives LimitedPREMEXPLN | ₹3,570 Cr | 106.41 | 57.61 | -26.8% | 17.7% | 12.5% | 16.1% | +23.2% |
GOCL Corpn.GOCLCORP | ₹2,119 Cr | 6.24 | 5.85 | -97.4% | 248.4% | 14.4% | 11.8% | +18.4% |
Keltech EnergiesKELENRG | ₹1,254 Cr | 43.75 | 27.61 | 9.0% | 8.9% | 21.8% | 27.1% | +198.4% |
As of Q1 FY27
Financials
Solar Industries India Ltd.
NSE: SOLARINDS · Explosives
Snapshot
Unlock Solar Industries India Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Solar Industries India Limited manufactures a comprehensive range of industrial explosives, initiating systems, and specialized defense products. The company serves the mining, infrastructure, and defense sectors through its extensive portfolio of detonators, boosters, and advanced military hardware.
Business Model
The company generates revenue through the production and sale of industrial explosives for mining and infrastructure projects, alongside high-margin defense contracts for ammunition and drone systems. It operates as a vertically integrated manufacturer, controlling the supply chain from basic initiating devices to complex explosive systems.
Growth Outlook
Growth is driven by increasing demand for industrial explosives in mining and infrastructure development, coupled with significant expansion into the defense sector. The company is actively scaling its capabilities in unmanned aerial systems and advanced military munitions to capture domestic and international defense opportunities.
Key Risks
- Regulatory and Safety Risks. The manufacture and handling of explosives are subject to stringent government regulations and inherent safety hazards that could disrupt operations.
- Raw Material Price Volatility. Fluctuations in the costs of key chemical inputs and raw materials can significantly impact profit margins.
- Geopolitical and Defense Contract Risks. Reliance on defense contracts exposes the company to changes in government procurement policies and geopolitical stability.
- Cyclicality of Mining Sector. Demand for industrial explosives is highly correlated with the cyclical performance of the global mining and infrastructure industries.
Start your research today
Unlock AI insights, financials, peers and live data on Solar Industries India Ltd. and 5,000+ companies — free.
Key Metrics
REVENUE
₹11,351 Cr
TTM · consolidated
NET PROFIT
₹2,051 Cr
TTM · consolidated
EPS
₹220.06
TTM · consolidated
RETURN ON EQUITY
38.5%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
40.1%
TTM · consolidated
P/E
97.5x
Q1 FY27 · consolidated
EV/EBITDA
60.8x
Q1 FY27 · consolidated
EBITDA MARGIN
28.3%
TTM · consolidated
NET PROFIT MARGIN
18.2%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.3%
Q1 FY27 · consolidated
Peers · Explosives
As of Q1 FY27