|
05 Sep 2025 |
Solar Industries
|
Consensus Share Price Target
|
14059.00 |
16884.00 |
- |
20.09 |
buy
|
|
|
|
|
06 Nov 2022
|
Solar Industries
|
ICICI Direct
|
14059.00
|
4700.00
|
4008.65
(250.72%)
|
Target met |
Buy
|
|
|
|
|
29 Jul 2022
|
Solar Industries
|
Chola Wealth Direct
|
14059.00
|
3220.00
|
2742.10
(412.71%)
|
Target met |
Accumulate
|
|
|
|
|
26 Jul 2022
|
Solar Industries
|
ICICI Direct
|
14059.00
|
3390.00
|
2831.80
(396.47%)
|
Target met |
Buy
|
|
|
|
|
08 May 2022
|
Solar Industries
|
Chola Wealth Direct
|
14059.00
|
3209.00
|
2983.65
(371.20%)
|
Target met |
Buy
|
|
|
|
|
04 May 2022
|
Solar Industries
|
ICICI Direct
|
14059.00
|
2900.00
|
2997.45
(369.03%)
|
Target met |
Hold
|
|
|
|
|
04 May 2022
|
Solar Industries
|
ICICI Securities Limited
|
14059.00
|
2800.00
|
2918.95
(381.65%)
|
Target met |
Hold
|
|
|
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.
|
|
02 Feb 2022
|
Solar Industries
|
Chola Wealth Direct
|
14059.00
|
|
2331.85
(502.91%)
|
|
|
|
|
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...
|
|
31 Jan 2022
|
Solar Industries
|
ICICI Securities Limited
|
14059.00
|
2520.00
|
2308.70
(508.96%)
|
Target met |
Hold
|
|
|
|
|
11 Nov 2021
|
Solar Industries
|
Chola Wealth Direct
|
14059.00
|
|
2575.95
(445.78%)
|
|
|
|
|
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...
|
|
03 Aug 2021
|
Solar Industries
|
Chola Wealth Direct
|
14059.00
|
1811.00
|
1769.35
(694.59%)
|
Target met |
Neutral
|
|
|
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...
|