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.

02 Feb 2022

13809.00

0.28%

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...

Solar Industries Ind.. has an average target of 16950.00 from 2 brokers.

Solar Industries India Ltd.

31 Jan 2022

13809.00

0.28%

Solar Industries India

Hold: Solar Industries India Ltd.

Target

ICICI Securities Limited

...

Number of FII/FPI investors increased from 487 to 499 in Sep 2025 qtr.

Solar Industries India Ltd.

11 Nov 2021

13809.00

0.28%

EARNINGS UPDATE-SOLAR INDUSTRIES 2QFY22

Solar Industries India Ltd.

Chola Wealth Direct

Number of FII/FPI investors increased from 487 to 499 in Sep 2025 qtr.

Solar Industries India Ltd.

01 Nov 2021

13809.00

0.28%

Solar Industries India

Hold: Solar Industries India Ltd.

Target

ICICI Securities Limited

EBIDTA margins came in at 16.7% vs. 21.4% YoY & 21.2% QoQ. EBIDTA came in at | 131.8 crore, up 4.7% YoY & down 24. 6% QoQ PAT (post minority interest) was at | 74.8 crore in Q2FY22 vs. | 97.5 crore in Q1Y22 and | 65.2 crore in Q2FY22 We continue to maintain our HOLD rating on the stock...

Solar Industries Ind.. has an average target of 16950.00 from 2 brokers.

Solar Industries India Ltd.

03 Aug 2021

13809.00

0.28%

EARNINGS UPDATE-SOLAR INDUSTRIES 1QFY22

Neutral: Solar Industries India Ltd.

Target

Chola Wealth Direct

Solar Industries India Ltd. has gained 41.97% in the last 1 Year

Solar Industries India Ltd.

30 Jul 2021

13809.00

0.28%

Solar Industries India

Hold: Solar Industries India Ltd.

Recommendation Target

ICICI Securities Limited

It also leads the exports share from India, which is around 70% in industrial explosive and initiating system It exports to 51 countries in the world and has recently expanded its...

Solar Industries India Ltd. is trading below its 30 day SMA of 13920.1

Solar Industries India Ltd.

03 Jun 2021

13809.00

0.28%

EARNINGS UPDATE-SOLAR INDUSTRIES 4QFY21

Neutral: Solar Industries India Ltd.

Recommendation Target

Chola Wealth Direct

ICICI Securities Limited released a Buy report for Solar Industries India Ltd. with a price target of 17200.0 on 12 Nov, 2025.

Solar Industries India Ltd.

29 May 2021

13809.00

0.28%

Solar Industries India

Buy: Solar Industries India Ltd.

Recommendation Target

ICICI Securities Limited

Explosives volume rose 13% whereas realisations jumped 25%. As a result, overall explosives segment revenue leaped 42% YoY to | 418 crore. Accessories segment registered an improvement of 52% YoY to | 111 crore. Defence segment revenue came in at | 19.54 crore, down 26% YoY. The segment struggled as there were some disruptions with respect to new order processing and execution of existing ones owing to Covid-19. Going ahead, the defence segment should start firing up with the | 680 crore order book and bulk clearance order for multi-mode hand grenade....