NSE: SOLARINDS | BSE: 532725

Expensive Performer

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15089.00 99.00 (0.66%)

29.56% Gain from 52W Low

135.4K NSE+BSE Volume

NSE 17 Apr, 2026 3:31 PM (IST)

136,540.5

Market Cap

Market Leader

Beta 1Year

Low volatility

Solar Industries India Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for SOLARINDS, BSE:532725 Solar Industries India Ltd.

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Solar Industries India Ltd.

09 Mar 2026

15089.00

0.66%

Powering India’s Defence & Explosives Leadership

Buy: Solar Industries India Ltd.

FundsIndia

Order Book: ~Rs 21,000 Cr. Defence Orders: ~Rs 18,000 Cr. Increasing participation in rockets & ammunition. Expanding defence exports.

Solar Industries Ind.. has an average target of 17384.75 from 4 brokers.

Solar Industries India Ltd.

05 Feb 2026

15089.00

0.66%

Solar Industries

Buy: Solar Industries India Ltd.

ICICI Direct

Outlook remains positive led by recovery in explosives and healthy growth in defence and exports. We estimate revenue & PAT to grow at 24% & ~26% CAGR respectively over FY25-28E....

Solar Industries India Ltd. is trading above all available SMAs

Solar Industries India Ltd.

19 Nov 2025, 12:00AM

15089.00

0.66%

Defense entering a new growth phase; upgrade to Buy

Buy: Solar Industries India Ltd.

Anand Rathi

We initiated coverage on SIIL on 27-Oct, 2025 with a HOLD, as we believed valuations had priced in higher growth.

Solar Industries Ind.. has an average target of 17384.75 from 4 brokers.

Solar Industries India Ltd.

12 Nov 2025

15089.00

0.66%

Strong performance in difficult quarter; defence execution to pick up pace

Buy: Solar Industries India Ltd.

ICICI Securities Limited

Solar Industries India Limited (SOIL)’s Q2FY26 EBITDA of INR 5.5bn rose 24%/3% YoY/QoQ; though, slightly lower than consensus estimate of INR 5.7bn.

Solar Industries India Ltd. is trading above all available SMAs

Solar Industries India Ltd.

11 Nov 2025

15089.00

0.66%

Solar Industries India

Buy: Solar Industries India Ltd.

Target

ICICI Direct

Well poised to see significant recovery in explosives & exports/overseas segment: With market leading share of ~25% in domestic industrial explosives market, we believe that company is well poised to grow steadily led by healthy demand prospects from segments like mining, housing and infrastructure. Though domestic explosives segment remained muted during the quarter, we expect recovery going ahead led by healthy demand from housing, infra and mining sectors. With an order backlog of 1600+ crore in explosives and stable raw material prices, we expect ~14%...

Solar Industries India Ltd. is trading above all available SMAs

Solar Industries India Ltd.

10 Aug 2025

15089.00

0.66%

Continued capability build-up in defence to fetch higher-for-longer benefits

Buy: Solar Industries India Ltd.

Target

ICICI Securities Limited

Solar Industries (SOIL)’s operating performance was in line with consensus’ estimate. EBITDA, at INR 5.3bn, jumped 19% YoY driven by robust defence and exports, compensating for the subdued performance in mining and infra segments, which were impacted on account of monsoon arriving early.

Solar Industries India Ltd. is trading above all available SMAs

Solar Industries India Ltd.

22 May 2025

15089.00

0.66%

Robust performance; stellar guidance

Buy: Solar Industries India Ltd.

Target

ICICI Securities Limited

Solar Industries’ (SOIL) Q4FY25 EPS was 5% and 13% ahead of our estimates and consensus, respectively. EBITDA rose 53% YoY to INR 5.4bn. Defence revenue rose 2.2x YoY to INR 4.3bn.

Solar Industries Ind.. has an average target of 17384.75 from 4 brokers.

Solar Industries India Ltd.

22 Apr 2025

15089.00

0.66%

Primed for a giant leap

Buy: Solar Industries India Ltd.

Target

ICICI Securities Limited

In the current volatile markets, Solar Industries’ (SOIL) stock has outperformed its peers. Its traditional India business continues to be on a stable footing and the exports and overseas segment is also expanding.

Promoters pledged 0.24% of shares in last quarter. Total pledge stands at 1.76% of promoter holdings

Solar Industries India Ltd.

24 Feb 2025

15089.00

0.66%

The show has just begun

Buy: Solar Industries India Ltd.

ICICI Securities Limited

We recently hosted the management of Solar Industries (SOIL) for an interaction with investors. Defence and exports & overseas segments could shepherd growth over the next five years.

Solar Industries Ind.. has an average target of 17384.75 from 4 brokers.

Is Solar Industries India Ltd. worth buying?

185 Votes:

Buy 78.92%

Sell 12.97%

Hold 8.11%

RESEARCH REPORTS

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