What the business is, and whether it's a good one at a fair price.
Manufactures industrial explosives and defense products, with FY26 revenue of ₹9,837.74 crores. The defense business nearly doubled to ₹2,634 crores in FY26 (27% of revenue), supplying Pinaka rockets, 155mm ammunition rounds and the Bhargavastra counter-drone system to the Indian armed forces and international clients; a single export defense order of ₹1,076 crores is to be executed over 3 years. Industrial explosives for mining — including supplies to Coal India Limited, whose share of revenue fell to 9% — form the original core business. International mining explosives operations span Africa (Tanzania, Zambia, Zimbabwe, Nigeria), West Asia, Southeast Asia and a newly commissioned Kazakhstan plant, contributing a 32% YoY rise to ₹3,800 crores. The order book stood at a record ₹21,300 crores (defense ₹18,000 crores, non-defense ₹3,000 crores), with FY27 revenue guided at ₹14,000 crores and defense targeted to cross ₹4,500 crores. Capex of ₹2,050 crores is planned for FY27. Raw materials are the largest cost at 45.8% of revenue, with EBITDA margin around 28%.
Measured from the filed financials, judged against its Chemicals & Petrochemicals peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
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How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from SOLAR INDUSTRIES (I) LTD's filed financials and exchange disclosures
SOLAR INDUSTRIES (I) LTD is a Chemicals & Petrochemicals company listed on NSE and BSE, trading under the symbol SOLARINDS.
Yes. Over the trailing twelve months SOLAR INDUSTRIES (I) LTD reported a net profit of ₹2,051 Cr on revenue of ₹11,351 Cr.
Yes. The dividend yield is 0.06% at the current price. It paid out 7% of its profit as dividend in FY26.
No. Debt stands at 0.22× equity, and it carries net debt of ₹998 Cr. That is lower than 43% of its 212 Chemicals & Petrochemicals peers.
On trailing P/E, SOLAR INDUSTRIES (I) LTD ranks 201 of 211 in Chemicals & Petrochemicals — cheaper than 5% of them, against an industry median of 20.9×. This is a position, not a valuation judgement.
On a typical session SOLAR INDUSTRIES (I) LTD moves 1.18% — that is the median absolute close-to-close move across its last 269 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by SOLAR INDUSTRIES (I) LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
