NSE: SOLARINDS | BSE: 532725

Expensive Star

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14233.00 -421.00 (-2.87%)

67.79% Gain from 52W Low

194.7K NSE+BSE Volume

NSE 26 Aug, 2025 3:31 PM (IST)

128,794.6

Market Cap

Market Leader

0.9

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.

10 Aug 2025

14233.00

-2.87%

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 its 200 day SMA of 12317.6

Solar Industries India Ltd.

22 May 2025

14233.00

-2.87%

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 17200.00 from 1 broker.

Solar Industries India Ltd.

22 Apr 2025

14233.00

-2.87%

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.

Solar Industries India Ltd. is trading below its 30 day SMA of 14723.4

Solar Industries India Ltd.

24 Feb 2025

14233.00

-2.87%

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.

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

Solar Industries India Ltd.

07 Feb 2025

14233.00

-2.87%

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.

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

Solar Industries India Ltd.

03 Dec 2024

14233.00

-2.87%

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. has gained 35.26% in the last 1 Year

Solar Industries India Ltd.

08 Aug 2024

14233.00

-2.87%

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 India Ltd. has gained 60.46% in the last 6 Months

Solar Industries India Ltd.

04 Jul 2024

14233.00

-2.87%

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 35.26% in the last 1 Year

Solar Industries India Ltd.

18 May 2024

14233.00

-2.87%

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