Solar Industries India Ltd. News and Updates

Name: Latest research reports of Solar Industries India Ltd. authored by Chola Wealth Direct and published by - Trendlyne research reports.
Item: Solar Industries India Ltd.
Rating: 5
Author: Chola Wealth Direct

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Solar Industries India Ltd.

05 Aug 2019

14484.00

0.56%

EARNINGS UPDATE-SOLAR INDUSTRIES 1QFY20

Buy: Solar Industries India Ltd.

Target

Chola Wealth Direct

Sector: Chemicals /Small Cap | Earnings Update 1QFY20 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 Africa, Turkey, Ghana and Australia. SIIL has also interests in the coal mines (in Chattisgarh) through two JVs....

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

Solar Industries India Ltd.

01 Aug 2019

14484.00

0.56%

Op. performance impacted by weak overseas performance

Neutral: Solar Industries India Ltd.

Target

Motilal Oswal

Operational performance below expectation, impacted by weak overseas business: 1QFY20 consol. revenue remained flat YoY at INR6.2b (v/s our est. of INR7.2b), impacted by 18% YoY decline in exports and overseas business (INR350m translational loss in the overseas business). EBIDTA declined 2.8% YoY to INR1.3b (below our est. of INR1.5b). Margin declined 80bp YoY to 20.5% (below our est. of 21.3%) due to (a) raw material price (ammonium nitrate) increase not being completely passed on to the end consumer, and (b) forex loss of INR90m being impacted due to INR appreciation. Adj. net profit grew 5%...

Solar Industries India Ltd. is trading above its 200 day SMA of 12578.8

Solar Industries India Ltd.

01 Aug 2019

14484.00

0.56%

Solar Industries India

Hold: Solar Industries India Ltd.

Target

ICICI Securities Limited

For FY19, topline in the industrial explosive space grew 21.2% YoY to | 1273 crore. Volumes grew 8.8% YoY while realisations grew robustly by 11.3% YoY. Q1FY20 has seen softened demand from coal mining companies due to lower overburden removal. Over the next few quarters, the management expects demand to stabilise for the year. Driven by push for infrastructure sector by the government, road construction and housing are also expected to do well, going ahead. On the whole, improved offtake from key clients like Coal India and SCCL are expected to drive industrial explosives growth...

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

Solar Industries India Ltd.

31 Jul 2019

14484.00

0.56%

Solar Industries to enter SSLV propulsion business

Business Line

Solar Industries plans to venture into the business of propulsion system for space application, which is synergistic with its current business of am

Solar Industries India Ltd. has gained 30.41% in the last 1 Year

Solar Industries India Ltd.

02 Jun 2019

14484.00

0.56%

Explosives maker Solar Ind plans 270-cr capex

Business Line

Solar Industries Ltd (SIL) has planned a capital outlay of 270 crore for the 2020 fiscal, as it expects the demand for its commercial explosives from

Solar Industries India Ltd. has gained 30.41% in the last 1 Year

Solar Industries India Ltd.

13 May 2019

14484.00

0.56%

Solar Industries India

Hold: Solar Industries India Ltd.

Target

ICICI Securities Limited

Explosives, defence continues to clock solid performance In FY19, topline in industrial explosives space grew 21.2% YoY to | 1273 crore. Volumes grew 8.8% YoY while realisations grew robustly by 11.3% YoY. Going ahead, the management commentary suggests this segment will pick up due to increased offtake from its key clients like Coal India and SCCL. Packaged (cartridge) explosives are also likely to continue their accelerated trajectory with strong demand from infrastructure and mining customers. Defence execution has materially picked up with FY19 revenues at | 170...

Solar Industries India Ltd. is trading below its 50 day SMA of 14749.4

Solar Industries India Ltd.

10 May 2019

14484.00

0.56%

Solar Industries net up 11% on order from infrastructure, housing projects

Business Line

Solar Industries, one of the largest packaged explosives manufacturing companies, has reported an 11 per cent increase in its March quarter net profit

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

Solar Industries India Ltd.

10 May 2019

14484.00

0.56%

EARNING UPDATE-SOLAR INDUSTRIES 4QFY19

Buy: Solar Industries India Ltd.

Target

Chola Wealth Direct

Sector: Chemicals /Small Cap | Earnings Update 4QFY19 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...

Solar Industries India Ltd. is trading below its 50 day SMA of 14749.4

Solar Industries India Ltd.

10 May 2019

14484.00

0.56%

n-line performance; defense showing traction

Neutral: Solar Industries India Ltd.

Target

Motilal Oswal

Operational performance in line with expectations: 4QFY19 consol. revenue increased 17.0% YoY to INR6.7b (v/s our estimate of INR6.8b), supported by growth in volume (10%) and realization (5%). EBIDTA grew 21% YoY to INR1.4b (in-line with our estimate of INR1.4b). Margin improved 60bp YoY to 21.1% (marginally below our estimate of 21.3%) due to (a) raw material price (ammonium nitrate) increase not being completely passed on to the end consumer, and (b) forex loss of INR17m being impacted due to INR appreciation. Adj. net profit grew 18% YoY to INR776m (ahead of our estimate...