NSE: SOLARINDS | BSE: 532725

Expensive Performer

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10987.10 -306.50 (-2.71%)

39.28% Gain from 52W Low

59,525 NSE+BSE Volume

NSE 04 Apr, 2025 3:31 PM (IST)

99,422.4

Market Cap

Market Leader

1.2

Beta 1Year

High 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.

24 Feb 2025

10987.10

-2.71%

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 13720.00 from 1 broker.

Solar Industries India Ltd.

07 Feb 2025

10987.10

-2.71%

Pinaka in the kitty

Buy: Solar Industries India Ltd.

Target

ICICI Securities Limited

The Ministry of Defence has inked a contract with Economic Explosive Limited (EEL)- 100% subsidiary of Solar Industries (SOIL) and Munitions India Limited (MIL) for procurement of Area Denial Munition (ADM) Type-1 (DPICM) and High Explosive Pre Fragmented (HEPF) Mk-1 (Enhanced) rockets, respectively, for Pinaka Multiple Launch Rocket System (MLRS) at a total cost of INR 101.4bn.

Solar Industries Ind.. has an average target of 13720.00 from 1 broker.

Solar Industries India Ltd.

03 Dec 2024

10987.10

-2.71%

Not just Pinaka

Buy: Solar Industries India Ltd.

ICICI Securities Limited

Solar Industries’ (SOIL) stock has been running sideways due to the delay in the award of the Pinaka order. However, we believe, Street is underestimating the potential of continuous export order inflows (OI) in defence. With an OI of INR 45bn so far in CY24,for a 3–5-year duration, we believe these orders alone potentially form an annual revenue accretion of INR 11–13bn.

Solar Industries India Ltd. is trading above all available SMAs

Solar Industries India Ltd.

08 Aug 2024

10987.10

-2.71%

Robust Q1 show; defence segment gathers steam

Buy: Solar Industries India Ltd.

ICICI Securities Limited

Solar Industries (SOIL) has posted its highest-ever quarterly EBITDA, EBITDA margin and defence revenue in Q1FY25. EBITDA rose 39% YoY at INR 4.5bn despite a mere 1% YoY uptick in realisation.

Solar Industries Ind.. has an average target of 13720.00 from 1 broker.

Solar Industries India Ltd.

04 Jul 2024

10987.10

-2.71%

More arrows in its quiver

Buy: Solar Industries India Ltd.

Target

ICICI Securities Limited

Solar Industries (SOIL) has developed three new explosives: 1) SEBEX-2 with lethality of 2.01x of TNT. 2) SITBEX-1, a solid thermobaric polymer-bonded explosive. 3) SIMEX-4, a new insensitive explosive formulation.

Solar Industries India Ltd. has gained 26.80% in the last 1 Year

Solar Industries India Ltd.

18 May 2024

10987.10

-2.71%

Entering the new phase with defence as key growth driver

Buy: Solar Industries India Ltd.

Recommendation Target

ICICI Securities Limited

Solar Industries’ (SOIL) Q4FY24 performance was slightly ahead of our estimates. Key points: 1) EBITDA was impacted by hyperinflation and currency depreciation in some overseas geographies

Number of FII/FPI investors increased from 399 to 407 in Dec 2024 qtr.

Solar Industries India Ltd.

18 Jan 2024

10987.10

-2.71%

Solar industries Ltd

Buy: Solar Industries India Ltd.

Target

Hem Securities

Solar Industries India Ltd. has gained 26.80% in the last 1 Year

Solar Industries India Ltd.

03 Nov 2023

10987.10

-2.71%

Record margins; benign prospects

Accumulate: Solar Industries India Ltd.

Recommendation Target

ICICI Securities Limited

Solar Industries’ (SOIL) Q2FY24 profitability is its best-ever. Key points: 1) EBITDA margin surged to a record 24.9% on better price-cost spread. 2) Explosive volume uptick of 13% YoY. 3) Defence comprised 8% of overall volume. 4) Order book of INR 39.2bn, of which INR10.5bn is for defence.

Solar Industries India Ltd. has gained 21.56% in the last 1 Month

Solar Industries India Ltd.

05 Aug 2023, 12:00AM

10987.10

-2.71%

Volatility bottoming out; Pinaka order awaited

Buy: Solar Industries India Ltd.

ICICI Securities Limited

Solar Industries’ (SOIL) Q1FY24 EBITDA was up 14% YoY (down 9.6% QoQ) at INR3.2bn. Key points: 1) Explosives segment realisation declined, tracking ammonium nitrate prices; 2) explosives volume was up 12.6% YoY, lower than the guidance of 15-20% mainly due to impact of unseasonal rains on housing and infra segment; 3) defence revenue rose 148% YoY to a record INR 1.5bn.