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Entry Price

1,055.00

Target

1,075.00

Recommend Date

13-05-2019

Return

1.90 %
BUY

Date : 13-05-2019

Solar Industries (SIL) reported steady Q4FY19 numbers. Revenue was at | 672.9 crore, up 17.0% YoY led by industrial explosive and defence segment. In Q4FY19, the industrial explosives space recorded robust volume growth of 9.6% YoY while realisation increased 5.4% YoY. Overall, industrial explosives segment for the quarter grew 15.5% YoY. EBITDA came in | 142.3 crore, up 20.4% YoY aided by a decline in other expenses. However, margins were slightly impacted by ~140 bps increase in input costs. Accordingly, PAT grew only 8.6% YoY to | 71.6 crore.