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Solar Industries India Ltd Performance

Today's Low
8,408.00
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Today's High
8,568.95
52 Wk Low
3,453.35
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52 Wk High
9,449.00


Open

8470.6

Traded Value (Cr)

82.17 Cr

Prev. Close

8509.2

VWAP

8517.25

Volume

2,07,373

Face Value

2

Solar Industries India Ltd Fundamentals

Market Cap
₹ 78,867 Cr
P/E Ratio (TTM)
97.73
P/B Ratio
27.59
Debt to Equity
0.37
ROE
28.27 %
EPS (TTM)
89.18
Dividend Yield
0.09%
Book Value
315.91

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Solar Industries India Ltd Financials

Solar Industries India Ltd Financials

Solar Industries India Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Promoters 73.15 % 73.15 % 73.15 % 73.15 %
Mutual Funds 13.83 % 14.48 % 14.90 % 14.67 %
FII 6.10 % 5.90 % 5.89 % 5.79 %
Retail 4.74 % 4.44 % 4.29 % 4.53 %
Others 2.18 % 2.03 % 1.77 % 1.86 %

Promoters

73.15%

Mutual Funds

13.83%

FII

6.10%

Retail

4.74%

Others

2.18%

Promoters

73.15%

Mutual Funds

14.48%

FII

5.90%

Retail

4.44%

Others

2.03%

Promoters

73.15%

Mutual Funds

14.90%

FII

5.89%

Retail

4.29%

Others

1.77%

Promoters

73.15%

Mutual Funds

14.67%

FII

5.79%

Retail

4.53%

Others

1.86%

Resistance and Support

₹9,179.92

PIVOT

resistance-arrow
Resistance
First Resistance₹9,561.033
Second Resistance₹9,800.067
Third Resistance₹10,181.183
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Support
First Resistance₹8,940.883
Second Resistance₹8,559.767
Third Resistance₹8,320.733
RSI31.023
MACD-52.239
ADX31.123
CCI-107.773

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day207,37350,06451.95
Week141,15880,06757.68
1 Month211,68064,88539.79
6 Months207,37379,07438.13

About Solar Industries India Ltd

Solar Industries India Limited is engaged in manufacturing of complete range of industrial explosives and explosive initiating devices. It manufactures various types of packaged emulsion explosives, bulk explosives and explosive initiating systems. The Company has also forayed into manufacturing of ammunition for military applications. It has the world's largest packaged explosives manufacturing facility at a single location in Nagpur, India. It has pan India presence with 34 manufacturing facilities. At the global level, Company has presence in more than 65 countries with manufacturing facilities in 5 countries. Solar Industries supports major mining and infrastructure companies including global names such as Coal India Limited, Singareni Collieries, Vedanta Ltd, and many more in global market. Solar Industries India Limited incorporated on February 24, 1995 with the name Solar Explosives Limited was promoted by Satyanarayan Nuwal, Nandlal Nuwal and Kailashchandra Nuwal. By the year 1996, Solar established trade network as well as Institutional market. The Company started manufacturing Slurry Explosives in the year 1996 and Detonating Cords in the year 1998. With the success of this unit, they forayed into manufacturing of Detonators through Economic Explosives Ltd, non-Explosive intermediaries through Solar Components Pvt Ltd, and Bulk Explosives through Solar Capitals Ltd. In September 2005, the Company acquired all the shares from the promoters of Economic Explosives Ltd, Solar Capitals Ltd and Solar Component Ltd by swapping their holding with the shares of the company to make the three companies as their wholly owned subsidiaries. During the year 2005-06, the company commissioned a 10,000 MT capacity bulk explosives plant at Jharsiguda in Orissa to meet the requirement of Mahanadi Coal Fields Ltd. Also, they commissioned 10,000 MT capacity Plant for manufacture of bulk explosives in Ramgarh, Jharkhand State, to meet the requirement of Central Coal Fields Ltd. During the year 2007-08, the company incorporated Somu Steels & Power Ltd as wholly owned Subsidiary of the company. They acquired 74% Shares of Navbharat Coalfields Ltd a company located at Raipur engaged in the business of mining & minerals business. Thus, Somu Steels & Power Ltd became a subsidiary of the company. Also, they incorporated a new overseas subsidiary company, namely Solar Nitrochemicals Ltd at Tanzania. The company successfully commissioned 9 Bulk plants at various locations. Also, they started operations with TISCO in Jharkhand. During the year 2008-09, the company's wholly owned subsidiaries, Solar Capital Ltd and Solar Industries Ltd merged with the company with effect from April 1, 2008. Also, the company changed their name from Solar Explosives Ltd to Solar Industries India Ltd. In addition, they formed a JV company with the Chhattisgarh Mineral Development Corporation in association with SMS Infrastructure for two coal blocks at Bhatgaon, Chhattisgarh. During the year, the company incorporated PT Solar Mining Resources at Indonesia as wholly owned Subsidiary of the company. Also, they incorporated three new overseas subsidiaries companies namely Solar Recursos Minerals LDA, Solar Industrias LDA, Solar Agro Florestal LDA, at Mozambique as wholly owned subsidiaries of the company. During the year 2009-10, the company incorporated two new Overseas Subsidiary Companies, namely Solar Overseas Mauritius Ltd at Mauritius and Solar Overseas Netherlands Cooperatie U.A. at Netherlands. Also, the company transferred their shares in Somu Steels & Power Ltd to other shareholders and thus Somu Steels & Power Ltd ceased to be a subsidiary of the company. In 2010, Solar Industries forayed into defence segment. In 2012, Solar Industries set up manufacturing units at Zambia, Nigeria and Turkey. In 2013, the company set up manufacturing facilities of HMX and Propellants. During the year, the company commenced manufacturing of 3-layer shock tubes. It also commenced commercial production of electronic detonators during the year. The company introduced underground bulk explosives during the year. In 2015, Solar Industries commenced supply of HMX and HMX compounds. In 2016, the company set up facilities to manufacture Warhead Filling, Pyros Ignitors, Propellants for Pinaka Mark-II. During the year, the company set up manufacturing facility in South Africa. The Board of Directors of Solar Industries India Ltd at its meeting held on 16 May 2016 approved the sub-division of the equity shares of the company from one share of face value of Rs. 10/- per share into 5 shares of Rs. 2/- per share and recommended the same for the approval of shareholders by Postal ballot. On 10 June 2016, Solar Industries India Ltd informed the stock exchanges that the company has bagged an order from Singareni Collieries Company Limited (SCCL) for the supply of explosives worth Rs 443.44 crore for the financial years 2016-17 and 2017-18. On 18 September 2017, Solar Industries announced that Solar Overseas Netherlands B.V., a step down overseas subsidiary of the company, has increased its stake in Solar Patlayici Maddeler Sanayi Ve Ticaret Anonim Sirketi from 74.5% to 100% which is also step down overseas subsidiary of the company. On 1 November 2017, Solar Industries India Limited announced that it has bagged the running contract for supply of Bulk Explosives to the subsidiaries of Coal India Limited amounting to Rs 1143.63 crore. Solar Industries' wholly two owned subsidiaries Solar Mines & Minerals Limited and Solar Mining Resources Limited and its associate company, Solar Initiating Systems Limited (Transferor Companies) were merged with Economic Explosives Limited (Transferee Company), another wholly owned subsidiary of Solar Industries, with effect from 1 April 2017 pursuant to NCLT Order dated 16 March, 2018. Solar Industries and EURENCO, the European leader in energetic materials, announced during the EUROSATORY 2018 exhibition in Paris-Villepinte (June 11-15) a strategic partnership agreement related to the supply of Explosives, Propellants, Transfer of Technology projects and to a common offer for the Bi-Modular Charge System (BMCS) project in India. EURENCO is ready to collaborate with Solar Industries for the supply of Propellants, Bombs, Ammunition filling and Modular Charges technologies under the 'Make in India' policy for the private sector. Solar Industries is willing to build dedicated infrastructure facilities with the technical assistance of EURENCO on its explosive and propellant facilities in Nagpur, India. The new facility would include Propellant Plants, one of the key components of Modular Charges, Bombs and Ammunition filling capabilities. During the year 2018-19, Company had set up a step-down subsidiary company in Zimbabwe (through Solar Overseas Mauritius Limited) named Solar Nitro Zimbabwe (Private) Limited which was Incorporated on October 10, 2018. It acquired 49% stake of Astra Resources (Pty) Limited through its step down subsidiary Company Solar Industries Africa Limited (Mauritius). Solar Industrias Mozambique LDA a step down subsidiary of the Company was liquidated on October 18, 2018. During the year 2019-20, Company had set up a step-down subsidiary Company in Ivory Coast (through Solar Overseas Singapore Pte Ltd) named Solar Mining Services Cote d'Ivoire which Incorporated on November 04, 2019. It acquired 55% stake in Laghe Venture Company (LVC) through its subsidiary Solar Overseas Mauritius Limited, to expand its footprints in Tanzania. Solar Explochem (Ghana) Limited a step down subsidiary of the Company was liquidated on January 16, 2020. During the year 2020-21, Solar Avionics Limited, wholly owned subsidiary of the Company was incorporated on November 16, 2020. In Burkina Faso (through Solar Industries Africa Limited)named Solar Mining Services Burkina Faso SARL was incorporated on April 6, 2021.In Albania (through Solar Overseas Singapore Pte Limited) named Solar Mining Services Albania was incorporated on April 22, 2021. During the year 2021-22, Blastec (India) Private Limited, wholly owned subsidiary was merged into Emul Tek Private Limited another wholly owned subsidiary of the Company. Solar Overseas Singapore Pte Limited (SOSPL), step down Overseas Subsidiary of Holding Company acquired 26% stake in Solar Mining Services Pty Limited (SMS Pty Ltd), Australia and the said Step-down Overseas Subsidiary, SOSPL held 100% stake in SMS Pty Ltd., Australia. The name of Laghe Venture Company Limited was converted to Solar Venture Company Limited. In 2022-23, Company launched new products for underground coal mines, blast initiations and seismic applications to phase out electric detonators from the market. It launched Non detonating explosives for defence application. The Company incorporated a step-down subsidiary Company, Solar Nitro SARL in Ivory Coast effective on December 05, 2022.

Managing Director

Manish Nuwal

Founded

1995

NSE Symbol

SOLARINDS

Solar Industries India Ltd Management

NameDesignation
Satyanarayan NuwalChairman (Non-Executive)
Manish NuwalManaging Director & CEO
Khushboo PasariCompany Sec. & Compli. Officer
Amrendra VermaIndependent Director
Suresh MenonExecutive Director
Sujitha KarnadIndependent Director
Milind DeshmukhWhole-time Director
Natrajh RamakrishnaIndependent Director
Jagdish Chandra BelwalIndependent Director

Solar Industries India Ltd News

Solar Industries India bags export order of Rs 455 cr
Solar Inds gains on Rs 455-cr order win
Solar Industries India advanced 2.28% to Rs 7,701.50 after the company informed that it has received defence export orders worth Rs 455 crore for supply of products.
Solar Industries India consolidated net profit declines 0.61% in the December 2023 quarter
Sales decline 21.12% to Rs 1429.14 crore
Solar Industries India to convene board meeting
On 7 February 2024
Solar Industries India bags export order of Rs 994 cr
Solar Inds slips after fire incident in Nagpur plant
Solar Industries India declined 1.87% to Rs 6,750 after the company informed that an explosion incident has occurred in the factory situated at Chakdoh, Nagpur, resulting in the deaths of nine workers in the plant.
ICRA reaffirms rating of Solar Industries at 'A1+'
Solar Industries India said that ICRA has reaffirmed the rating at [ICRA] A1+” on the commercial paper of the company, amounting to Rs 100 crore.
Solar Industries India receives affirmation in credit rating for CP
Solar Industries India consolidated net profit rises 13.47% in the September 2023 quarter
Sales decline 13.99% to Rs 1347.46 crore
Solar Industries India standalone net profit rises 53.61% in the September 2023 quarter
Sales decline 3.71% to Rs 830.34 crore

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Solar Industries India Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Solar Industries India Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Solar Industries India Ltd's share price is ₹8,526.90 as of April 19, 2024

Solar Industries India Ltd's P/E ratio is 97.73 times as of April 19, 2024.

Solar Industries India Ltd's most recent financial reports indicate a price-to-book ratio of 27.59, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Solar Industries India Ltd's market is 78,868 Cr as on April 19, 2024.

The current financial records of Solar Industries India Ltd show a 28.27% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a Solar Industries India Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Solar Industries India Ltd's 52-week high and low as of April 19, 2024 are ₹8568.95 and ₹8408 respectively.

As of the Mar 2024 quarter, the promoter shareholding in Solar Industries India Ltd stands at 73.15%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 5.90% to 6.10%.