NSE: SOLARINDS | BSE: 532725

Expensive Star

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16025.00 135.00 (0.85%)

High vol.+gain this week

NSE 28 May, 2025 10:43 AM (IST)

145,010.4

Market Cap

Market Leader

1.1

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.

22 May 2025

16025.00

0.85%

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.

Promoters pledged 0.97% of shares in last quarter. Total pledge stands at 1.52% of promoter holdings

Solar Industries India Ltd.

22 Apr 2025

16025.00

0.85%

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. has gained 55.71% in the last 6 Months

Solar Industries India Ltd.

24 Feb 2025

16025.00

0.85%

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 India Ltd. has gained 55.71% in the last 6 Months

Solar Industries India Ltd.

07 Feb 2025

16025.00

0.85%

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 India Ltd. has gained 55.71% in the last 6 Months

Solar Industries India Ltd.

03 Dec 2024

16025.00

0.85%

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.

Promoters pledged 0.97% of shares in last quarter. Total pledge stands at 1.52% of promoter holdings

Solar Industries India Ltd.

08 Aug 2024

16025.00

0.85%

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 55.71% in the last 6 Months

Solar Industries India Ltd.

04 Jul 2024

16025.00

0.85%

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.

ICICI Securities Limited increased Buy price target of Solar Industries India Ltd. to 16500.0 on 22 May, 2025.

Solar Industries India Ltd.

18 May 2024

16025.00

0.85%

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 decreased from 407 to 384 in Mar 2025 qtr

Solar Industries India Ltd.

18 Jan 2024

16025.00

0.85%

Solar industries Ltd

Buy: Solar Industries India Ltd.

Target

Hem Securities

Solar Industries India Ltd. has gained 55.71% in the last 6 Months

Solar Industries India Ltd.

03 Nov 2023

16025.00

0.85%

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.

Number of FII/FPI investors decreased from 407 to 384 in Mar 2025 qtr

Is Solar Industries India Ltd. worth buying?

154 Votes:

Buy 79.22%

Sell 12.34%

Hold 8.44%

RESEARCH REPORTS

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Buy SEE REPORTS >

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