Solar Industries India Ltd.

NSE: SOLARINDS | BSE: 532725

Expensive Performer

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12233.00 105.00 (0.87%)

55.08% Gain from 52W Low

92,648 NSE+BSE Volume

NSE 17 Apr, 2025 3:31 PM (IST)

110,696.5

Market Cap

Market Leader

1.2

Beta 1Year

Very 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.

Solar Industries India Ltd.

05 May 2023

12233.00

0.87%

Volumes and defence lead growth

buy

Buy: Solar Industries India Ltd.

Target

ICICI Securities Limited

Solar Industries’ (Solar) Q4FY23 consolidated EBITDA of Rs3.6bn (up 36% YoY) was 14% ahead of the street’s estimates. Key points: 1) revenue growth of 47% YoY was aided by robust growth in exports and non-CIL and institutional segments.

Solar Industries India Ltd. has gained 25.94% in the last 3 Months

Solar Industries India Ltd.

04 May 2023

12233.00

0.87%

Solar Industries India

buy

Buy: Solar Industries India Ltd.

Target

ICICI Direct

Solar Industries India Ltd. has gained 25.94% in the last 3 Months

Solar Industries India Ltd.

27 Jan 2023

12233.00

0.87%

Solar Industries India

buy

Buy: Solar Industries India Ltd.

Target

ICICI Direct

Solar Industries India Ltd. has gained 44.55% in the last 1 Year

Solar Industries India Ltd.

27 Jan 2023

12233.00

0.87%

Impressive performance sustains

buy

Buy: Solar Industries India Ltd.

ICICI Securities Limited

Solar Industries’ (Solar) Q3FY23 consolidated EBITDA of Rs3.5bn (up 96% YoY) was ahead of consensus estimates by 17%. Key points: 1) revenue growth of 78% YoY was aided by robust growth in exports and non-CIL & institutional segments; 2) consolidated EBITDA margin was at 19.3%, up 180bps YoY;

Solar Industries India Ltd. has gained 12.50% in the last 1 Week

Solar Industries India Ltd.

27 Jan 2023

12233.00

0.87%

Impressive performance sustains

buy

Buy: Solar Industries India Ltd.

ICICI Securities Limited

Solar Industries’ (Solar) Q3FY23 consolidated EBITDA of Rs3.5bn (up 96% YoY) was ahead of consensus estimates by 17%. Key points: 1) revenue growth of 78% YoY was aided by robust growth in exports and non-CIL & institutional segments; 2) consolidated EBITDA margin was at 19.3%, up 180bps YoY;

Solar Industries India Ltd. is trading above all available SMAs

Solar Industries India Ltd.

27 Jan 2023

12233.00

0.87%

High valuations cap upside

buy

Buy: Solar Industries India Ltd.

ICICI Securities Limited

Solar Industries’ (Solar) Q3FY23 consolidated EBITDA of Rs3.5bn (up 96% YoY) was ahead of consensus estimates by 17%. Key points: 1) revenue growth of 78% YoY was aided by robust growth in exports and non-CIL & institutional segments; 2) consolidated EBITDA margin was at 19.3%, up 180bps YoY.

Solar Industries India Ltd. has gained 25.94% in the last 3 Months

Solar Industries India Ltd.

23 Dec 2022

12233.00

0.87%

Solar Industries (NOT RATED): Growth focused

buy

Not Rated: Solar Industries India Ltd.

BOB Capital Markets Ltd.

Dominant player in explosives, both in India and overseas, focused on expanding its competencies in defence

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

Solar Industries India Ltd.

08 Dec 2022

12233.00

0.87%

At a vantage position

buy

Buy: Solar Industries India Ltd.

Recommendation Target

ICICI Securities Limited

Solar Industries (Solar) is at an interesting juncture, in our view, given brightening prospects and its upcoming capabilities in defence.

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

Solar Industries India Ltd.

07 Nov 2022

12233.00

0.87%

High valuations cap upside

buy

Hold: Solar Industries India Ltd.

Target

ICICI Securities Limited

Solar Industries’ (Solar) Q2FY23 consolidated EBITDA of Rs299bn (up 127% YoY) was ahead of street’s estimates by 32%.

Solar Industries India Ltd. has gained 12.50% in the last 1 Week

Solar Industries India Ltd.

06 Nov 2022

12233.00

0.87%

Solar Industries India

buy

Buy: Solar Industries India Ltd.

Target

ICICI Direct

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

Is Solar Industries India Ltd. worth buying?

144 Votes:

Buy 78.47%

Sell 12.5%

Hold 9.03%

RESEARCH REPORTS

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