NSE: SOLARINDS | BSE: 532725

Falling Comet

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12304.00 -154.00 (-1.24%)

30.95% Fall from 52W High

83,660 NSE+BSE Volume

NSE 12 Dec, 2025 3:31 PM (IST)

111,339

Market Cap

Market Leader

Beta 1Year

Average 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.

04 Jul 2024

12304.00

-1.24%

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 has lost -26.11% in the last 6 Months

Solar Industries India Ltd.

18 May 2024

12304.00

-1.24%

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

Solar Industries has lost -26.11% in the last 6 Months

Solar Industries India Ltd.

18 Jan 2024

12304.00

-1.24%

Solar industries Ltd

Buy: Solar Industries India Ltd.

Target

Hem Securities

Solar Industries Ind.. has an average target of 17253.00 from 3 brokers.

Solar Industries India Ltd.

03 Nov 2023

12304.00

-1.24%

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 Ind.. has an average target of 17253.00 from 3 brokers.

Solar Industries India Ltd.

05 Aug 2023

12304.00

-1.24%

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.

Solar Industries has lost -26.11% in the last 6 Months

Solar Industries India Ltd.

28 Jul 2023

12304.00

-1.24%