Solar Industries India Ltd. News and Updates

Name: Latest research reports of Solar Industries India Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Solar Industries India Ltd.
Rating: 3
Author: Motilal Oswal

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Solar Industries India Ltd.

08 Feb 2018

14018.00

-0.20%

Performance impacted by weak demand from CIL

Neutral: Solar Industries India Ltd.

Target

Motilal Oswal

Operational performance below expectations: Consol. revenue rose 10% YoY to INR4.6b (est. of INR5.6b) in 3QFY18. EBIDTA grew 35% YoY to INR0.9b (est. of INR1.3b), with the margin improving 420bp YoY to 22.4%, helped by strong...

Solar Industries India Ltd. has gained 60.93% in the last 6 Months

Solar Industries India Ltd.

08 Feb 2018

14018.00

-0.20%

Solar Industries India

Hold: Solar Industries India Ltd.

ICICI Securities Limited

Solar Industries Ltd (SIIL) reported weak Q3FY18 numbers on account of muted domestic performance. Revenues came in at | 465.7 crore, up 7.5% YoY (our estimates | 487.8 crore). The company witnessed weak revenue growth due to volume de-growth of 5.7% in the bulk segment and realization decline of 7.4% and 7.7% in both bulk and cartridge segment respectively. The only silver lining was strong...

Solar Industries India Ltd. has gained 30.66% in the last 1 Year

Solar Industries India Ltd.

02 Jan 2018, 12:00AM

14018.00

-0.20%

Solar Industries India Ltd.

Buy: Solar Industries India Ltd.

Ashika Research

Incorporated in 1996, Solar Industries India (SIIL) is the largest manufacturer and exporter of industrial explosives and explosive initiating systems in India. Bulk & packaged (cartridge) explosives and initiating systems fall under the umbrella of industrial explosives while its defence portfolio boasts of a wide range of products like propellants for rockets, pyros, fuses, military explosives, flares, riot control devices and many more. Initiating systems comprises of detonators, detonating fuses and cast...

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

Solar Industries India Ltd.

06 Dec 2017

14018.00

-0.20%

SOLAR INDUSTRIES (INDIA) LTD.

Buy: Solar Industries India Ltd.

Ventura

Solar Industries India Ltd. (SIIL) is the dominant player

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

Solar Industries India Ltd.

17 Nov 2017

14018.00

-0.20%

Solar Industries India

Hold: Solar Industries India Ltd.

Target

ICICI Securities Limited

Solar Industries (SIL) reported strong Q2FY18 numbers wherein revenues came in at | 408.4 crore, up 21.6% YoY (our estimate: | 365.2 crore). The company witnessed strong revenue growth due to strong volume growth of 18.3% and 26.2% in bulk and cartridge segment, respectively. Bulk & cartridge segment contributed 60-65% to the topline. However, realisations in both segments, bulk and cartridge witnessed a decline of 8% & 2%, respectively (after adjusting for excise duty and other taxes). The overseas segment also...

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

Solar Industries India Ltd.

17 Nov 2017

14018.00

-0.20%

EARNINGS - SOLAR INDUSTRIES 2QFY18

Neutral: Solar Industries India Ltd.

Target

Chola Wealth Direct

Sector: Chemicals /Small Cap | Earnings Update 2QFY18 Background: Established in 1984, Solar Industries is the largest manufacturer of industrial explosives and explosive initiating systems in India. 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 19 countries in Africa and South East Asia. 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 and Turkey. SIIL has also interests in the coal...

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

Solar Industries India Ltd.

16 Nov 2017

14018.00

-0.20%

Solar Industries: Operational performance beat led by overseas busine

Neutral: Solar Industries India Ltd.

Target

Motilal Oswal

Operational performance meaningfully ahead of estimates: Consol. revenue increased 30% YoY to INR4.1b (est. of INR3.6b) in 2QFY18. EBIDTA grew 30% YoY to INR0.9b (est. of INR595m), with the margin stable YoY at 22.0%, supported by strong growth in the overseas business. Adj. net profit rose 23% YoY to INR483m (est. of INR304m). aided by strong growth in overseas segment: Consol. revenue was driven by strong growth in the overseas segment (+85% YoY). On the domestic front, housing and infrastructure segment sales grew 45% YoY. However, the quarter...

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

Solar Industries India Ltd.

15 Nov 2017

14018.00

-0.20%

Solar Industries India Q2 net profit rises 24% to Rs 45.74 cr

Business Line

Solar Industries India on Tuesday reported a 24 per cent increase in its net profit at Rs 45.74 crore for the September quarter. The company had posted a net profit of Rs 36.93 crore during the...

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

Solar Industries India Ltd.

20 Oct 2017

14018.00

-0.20%

Solar industry fears for thousands of jobs should U.S. impose import restrictions

Economic Times

US President Donald Trump is expected to announce measures which would limit imports of solar panel as cheap imports were harming local manufacturers.

Solar Industries India Ltd. is trading above its 200 day SMA of 12392.1

Solar Industries India Ltd.

22 Aug 2017

14018.00

-0.20%

SOLAR INDUSTRIES 1QFY18 EARNINGS

Neutral: Solar Industries India Ltd.

Target

Chola Wealth Direct

Background Established in 1984, Solar Industries is the largest manufacturer of industrial explosives and explosive initiating systems in India. 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 19 countries in Africa and South East Asia. Economic Explosives, a 100% subsidiary, manufactures detonators. Solar has manufacturing facilities spread across 16 locations and eight states in India. In recent years expanded its manufacturing base to Nigeria, Zambia and Turkey. SIIL has also interests in the coal mines (in Chattisgarh) through two JVs. Solar is...

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

Is Solar Industries India Ltd. worth buying?

166 Votes:

Buy 78.92%

Sell 12.65%

Hold 8.43%

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