Solar Industries India Ltd.

NSE: SOLARINDS | BSE: 532725

Expensive Star

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16294.00 190.00 (1.18%)

New 52W High today

143.3K NSE+BSE Volume

NSE 02 Jun, 2025 3:59 PM (IST)

147,444.6

Market Cap

Market Leader

1.1

Beta 1Year

High Volatility

Order Win

Solar Ind. bags Rs 402 crore worth of orders from Coal India for cartridge explosives & accessories See details

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 Aug 2023

16294.00

1.18%

Volatility bottoming out; Pinaka order awaited

buy

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.

Solar Industries India Ltd. has gained 52.55% in the last 6 Months

Solar Industries India Ltd.

28 Jul 2023

16294.00

1.18%

SOLAR INDUSTRIES

buy

Buy: Solar Industries India Ltd.

Hem Securities

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

Solar Industries India Ltd.

05 May 2023

16294.00

1.18%

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.

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

Solar Industries India Ltd.

04 May 2023

16294.00

1.18%

Solar Industries India

buy

Buy: Solar Industries India Ltd.

Target

ICICI Direct

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

Solar Industries India Ltd.

27 Jan 2023

16294.00

1.18%

Solar Industries India

buy

Buy: Solar Industries India Ltd.

Target

ICICI Direct

Solar Industries India Ltd. has gained 87.06% in the last 3 Months

Solar Industries India Ltd.

27 Jan 2023

16294.00

1.18%

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 23.70% in the last 1 Month

Solar Industries India Ltd.

27 Jan 2023

16294.00

1.18%

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;

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

Solar Industries India Ltd.

27 Jan 2023

16294.00

1.18%

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 Ind.. has an average target of 16500.00 from 1 broker.

Solar Industries India Ltd.

23 Dec 2022

16294.00

1.18%

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

Solar Industries India Ltd. has gained 52.55% in the last 6 Months

Solar Industries India Ltd.

08 Dec 2022

16294.00

1.18%

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.

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?

157 Votes:

Buy 78.98%

Sell 12.74%

Hold 8.28%

RESEARCH REPORTS

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