NSE: SOLARINDS | BSE: 532725

Expensive Performer

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14220.00 -249.00 (-1.72%)

67.64% Gain from 52W Low

207.0K NSE+BSE Volume

NSE 31 Jul, 2025 3:31 PM (IST)

128,676.9

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.

Solar Industries India Ltd.

07 Nov 2022

14220.00

-1.72%

High valuations cap upside

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

Solar Industries India Ltd.

06 Nov 2022

14220.00

-1.72%

Solar Industries India

Buy: Solar Industries India Ltd.

Target

ICICI Direct

Solar Industries India Ltd. has lost -18.67% in the last 1 Month

Solar Industries India Ltd.

29 Jul 2022

14220.00

-1.72%

EARNINGS UPDATE-SOLAR INDUSTRIES 1QFY23

Accumulate: Solar Industries India Ltd.

Recommendation Target

Chola Wealth Direct

Solar Industries India Ltd. is trading below its 30 day SMA of 15892.0

Solar Industries India Ltd.

26 Jul 2022

14220.00

-1.72%

Solar Industries India

Buy: Solar Industries India Ltd.

Recommendation Target

ICICI Direct

Solar Industries India Ltd. has lost -18.67% in the last 1 Month

Solar Industries India Ltd.

08 May 2022

14220.00

-1.72%

EARNINGS UPDATE- SOLAR IND. LTD 4QFY22

Buy: Solar Industries India Ltd.

Recommendation Target

Chola Wealth Direct

Solar Industries India Ltd. has lost -18.67% in the last 1 Month

Solar Industries India Ltd.

04 May 2022

14220.00

-1.72%

Solar Industries India

Hold: Solar Industries India Ltd.

ICICI Direct

Solar Industries India Ltd. has lost -18.67% in the last 1 Month

Solar Industries India Ltd.

04 May 2022

14220.00

-1.72%

Comfortably navigates an extremely challenging inflationary environment

Hold: Solar Industries India Ltd.

Target

ICICI Securities Limited

Solar Industries’ (SOIL) earnings surprised on the back of higher-than-expected domestic volumes and margins. SOIL has been able to pass through the RM price increase, leading to improved gross margins/te and EBITDA margins/te QoQ. FY22 volume growth of 22% (vs guidance of 20%) along with improvement in gross margins in an inflationary environment where ammonium nitrate prices have increased ~3x highlights the pricing power that SOIL enjoys.

Solar Industries India Ltd. has gained 41.30% in the last 6 Months

Solar Industries India Ltd.

02 Feb 2022

14220.00

-1.72%

EARNINGS UPDATE-SOLAR INDUSTRIES 3QFY22

Solar Industries India Ltd.

Chola Wealth Direct

Background: Established in 1995, Solar Industries is the largest manufacturer of industrial explosives and explosive initiating systems in India and has the world's largest manufacturing facility for packaged explosives. With a licensed explosives capacity of over 290,000 MT/annum, the company has ~28% market share in India. Solar, with a 70% market share in exports from India, exports to 51 countries around the world. Economic Explosives, a 100% subsidiary, manufactures detonators. In recent years it has expanded its manufacturing base to Nigeria, Zambia, South Africa, Turkey, Ghana and Australia. SIIL also has interests in the coal...