Solar Industries India Ltd. News and Updates

Name: Latest research reports of Solar Industries India Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Solar Industries India Ltd.
Rating: 1
Author: ICICI Securities Limited

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Solar Industries India Ltd.

18 Sep 2020

13935.00

0.14%

Hold Solar Industries India; target of Rs 1071 KRChoksey

Moneycontrol

KRChoksey recommended Hold rating on Solar Industries India with a target price of Rs 1071 in its research report dated September 18, 2020.

Solar Industries India Ltd. is trading above its 200 day SMA of 12475.9

Solar Industries India Ltd.

20 Aug 2020

13935.00

0.14%

AISIA urges govt to impose 50% basic custom duty on solar equipment

Business Standard

All India Solar Industries Association (AISIA) on Thursday urged the government to impose at least 50 per cent BCD (basic custom duty) on solar equipment for sustenance of domestic manufacturers.

Solar Industries Ind.. has an average target of 17200.00 from 1 broker.

Solar Industries India Ltd.

05 Jul 2020

13935.00

0.14%

Higher Customs duty sought on solar module, cell imports from China

Business Line

The All India Solar Industries Association (AISIA) has written to the PMO seeking higher Customs duty, to counter dumping of solar PV modules by China

Solar Industries India Ltd. has gained 26.30% in the last 1 Year

Solar Industries India Ltd.

31 Mar 2020

13935.00

0.14%

Solar Industries India

Sell: Solar Industries India Ltd.

Target

ICICI Securities Limited

Companies like Larsen & Toubro and KEC with exposure to Middle East and North Africa (MENA) region are expected to get moderately impacted by the recent more than 30% fall in crude oil prices to US$35/barrel. This is expected to impact overall orders/awarding from MENA region. Companies like Elgi Equipments, AIA Engineering, Thermax, Engineers India and Kalpataru Power with exposure to international geographies like Europe, Middle East, China for sales or essential raw material may get impacted. Accordingly, we have tried to factor in the additional risk and revised our...

Solar Industries Ind.. has an average target of 17200.00 from 1 broker.

Solar Industries India Ltd.

14 Feb 2020

13935.00

0.14%

EARNINGS UPDATE-SOLAR INDUSTRIES 3QFY20

Sell: Solar Industries India Ltd.

Recommendation Target

Chola Wealth Direct

Background: Established in 1995, Solar Industries is the largest manufacturer of industrial explosives and explosive initiating systems in India and has the world's largest manufacturing facility for packaged explosives. With a licensed explosives capacity of over 290,000 MT/annum, the company has ~28% market share in India. Solar, with a 70% market share in exports from India, exports to 51 countries around the world. Economic Explosives, a 100% subsidiary, manufactures detonators. Solar has manufacturing facilities spread across 25 locations and eight states in India. In recent years expanded its manufacturing base to Nigeria,...

Number of FII/FPI investors increased from 384 to 487 in Jun 2025 qtr.

Solar Industries India Ltd.

13 Feb 2020

13935.00

0.14%

Solar Industries India

Sell: Solar Industries India Ltd.

Recommendation Target

ICICI Securities Limited

The weak performance in Q3FY20 was largely the result of extended monsoons, which led to the disruption in mining and infrastructure activities. This impacted the sale of packaged explosives in the eastern, central and northern regions. Demand for packaged explosives is expected to remain weak in the near term. On the other hand, Coal India's production was hindered by flooded mines. However, December and January saw an uptick in mining activities giving some respite for Q4FY20. Decline in prices of ammonium nitrate by ~8% coupled with a change in product mix (17% YoY...

Solar Industries India Ltd. has gained 26.30% in the last 1 Year

Solar Industries India Ltd.

11 Feb 2020

13935.00

0.14%

Solar Industries net down 12 per cent on lower realisation

Business Line

Solar Industries, one of the largest packaged explosives manufacturer, reported that its net profit dipped 12 per cent to 65 crore (74 crore) on bac

Number of FII/FPI investors increased from 384 to 487 in Jun 2025 qtr.

Solar Industries India Ltd.

27 Dec 2019

13935.00

0.14%

Crisil upgrades Solar Ind ratings

Business Line

Crisil has upgraded its ratings on the long-term bank facilities of Solar Industries India to Crisil AA+/Stable from Crisil AA/Positive', and reaff

Solar Industries India Ltd. has gained 26.30% in the last 1 Year

Solar Industries India Ltd.

29 Nov 2019

13935.00

0.14%

EARNINGS UPDATE-SOLAR INDUSTRIES 2QFY20

Buy: Solar Industries India Ltd.

Target

Chola Wealth Direct

Sector: Chemicals /Small Cap | Earnings Update 2QFY20 Background: Established in 1995, Solar Industries is the largest manufacturer of industrial explosives and explosive initiating systems in India and has the world's largest manufacturing facility for packaged explosives. With a licensed explosives capacity of over 290,000 MT/annum, the company has ~28% market share in India. Solar, with a 70% market share in exports from India, exports to 51 countries around the world. Economic Explosives, a 100% subsidiary, manufactures detonators. Solar has manufacturing facilities spread across 25 locations and eight states in India. In recent years expanded its manufacturing base to Nigeria, Zambia, South...