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Solar Industries India Ltd share Price Today

Company details

9,670.00
10,100.80
3,453.35
10,450.00
6M Return 42.90%
1Y Return 155.53%
Mkt Cap.(Cr) 87,754.94
Volume 204,986
Div Yield 0.08%
OI
-
OI Chg %
-
Volume 204,986

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About The Stock

    Solar Industries (SIL) is the largest manufacturer of industrial explosives and explosive initiating systems in India.

    • It has a capacity of ~330,000 MT/year. It holds reasonable market share in India of ~30%
    • It also leads the exports share from India, which is around 70% in industrial explosive and initiating system
    • It exports to 55 countries in the world and has recently expanded its manufacturing base to many African countries
Q3FY23

    Strong YoY growth in exports and realisations in domestic explosives; sequentially exports growth remained muted.

    • Revenue came in at ₹ 1811.8 crore, up 78.0% YoY & 15.6% QoQ
    • EBIDTA margins came in at 19.3% (+181 bps YoY; flat QoQ). EBIDTA came in at ₹ 349.5 crore, up 96.4% YoY & 16.9% QoQ
    • PAT was at ₹ 219.4 crore; up 108.9% YoY & 16.3% QoQ

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Industrial Products company Solar Industries India announced Q4FY24 & FY24 results:

  • Highest ever Yearly EBIDTA at Rs 1,414 crore & PAT at Rs 875 crore.
  • Volume grew by 24% in the quarter and 20% in a year.
  • Defence Order book stands at highest level of Rs 2,600 crore

Commenting on the Quarter & Yearly results, Manish Nuwal, Managing Director & CEO, Solar Industries India Limited said “We are pleased to close FY24 with the highest ever quarterly and yearly profits at Rs 243 crore & Rs 875 crore respectively. The turnover of the company stands at Rs 1,611 crore & Rs 6,070 crore for the quarter & year. In FY 2024, better performance in domestic business and increased defence sales, helped us to expand our margins resulting in the highest ever EBITDA & PAT in absolute terms for the year at Rs 1,414 crore & Rs 875 crore. These results are being achieved despite the losses from currency fluctuations and hyper inflationary conditions causing revenue loss of around Rs 300 crore in the quarter & Rs 900 crore  in year and EBIDTA loss of additional Rs 40 crore in the quarter & Rs 150 crore in the year as compared to previous year. This kind of performance reflects the strength of the company & its management.”

He added, “We are further satisfied in sharing that defence annual revenue has crossed Rs 500 crore mark for the first time. Our Defence order book stands around Rs 2,600 crore and we are expecting big orders in coming quarters. As a result of these orders, we are expecting the defence revenue to grow Three-fold in FY25. Our business goals are well aligned with country's ambition to make India Atamnirbhar in the field of ammunition and emerge as a major export hub in coming years.”

He also added, “The domestic explosives volume in this quarter grew significantly by around 24% & 20% in the year, aided by strong growth from mining & Infra sector. The domestic explosive orderbook of CIL & SCCL stands at around Rs 2500 crore.”

Result PDF

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Solar Industries India Ltd shares SWOT Analysis

Strengths (12)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)

Weakness (3)

  • Negative Breakdown First Support (LTP < S1)
  • Promoters increased pledged shares QoQ
  • MFs decreased their shareholding last quarter

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (2)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 10,326.8
R2 10,646.2
R3 10,842.4
Pivot

10,130.55

S1 9,811.1
S2 9,614.9
S3 9,295.5
EMA SMA
9,099.7
8,617.2
7,931.9
6,908.8
8,990.6
8,750.0
7,790.6
6,595.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-14 4142.55 30696 BSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-11-14 4142.55 30696 BSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-03 3963.55 30696 NSE
Name Category Shares
Manish Satyanarayan Nuwal PROMOTER 38.93%
Kailash Chandra Nuwal PROMOTER 23.08%
Indira Kailashchandra Nuwal PROMOTER 6.15%
Satyanarayan Nandlalji Nuwal PROMOTER 3.58%
Seema Manish Nuwal PROMOTER 1.37%

OUR RESEARCH VIEW

Investment recommendation
Call Date
27 Jan 2023
Entry Price 4,080.00
Target Price 4,775.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Solar Industries India Ltd Stocks COMPARISON

Financials( in Cr) Solar Industries India Ltd Hindustan Aeronautics Ltd Bharat Electronics Ltd Cochin Shipyard Ltd Bharat Dynamics Ltd
Price 9,697.75 5,186.30 296.20 1,973.90 1,548.00
% Change -3.09 0.38 -0.34 3.21 1.64
Mcap Cr 87,754.94 346,846.78 216,515.65 51,929.56 28,371.90
Revenue TTM Cr 6,922.53 26,927.46 17,734.44 2,364.55 2,489.39
Net Profit TTM Cr 811.17 5,827.73 2,940.35 304.71 352.17
PE TTM 108.32 45.29 54.51 96.32 117.50
1 Year Return 155.53 245.61 172.24 709.37 190.81
ROCE 36.06 18.83 26.98 7.96 9.32
ROE 35.86 27.18 22.49 5.89 11.28
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 2,610.34 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,248.28 -22,040.96
LAST 3M 102,638.29 -30,717.76
LAST 6M 167,920.74 50,623.85
LAST 12M 262,867.28 126,756.31

Solar Industries India Ltd Information

Stock PE (TTM)
108.32
Promoter Holding
73.15%
Book Value
365.2996
ROCE
36.06%
ROE
35.86%
Registered Address

Solar House 14 Kachimet, Amravati Road, Nagpur, Maharashtra, 440023

Tel : 91-0712-2561000/2560010/6681888
Email : solar:solargroup.com; investor.relations:solargrou
Website : http://www.solargroup.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532725
NSE Code : SOLARINDS
Book Closure Date (Month) : Jun
BSE Group : A
ISIN : INE343H01029

FAQ’s on Solar Industries India Ltd Shares

You can buy Solar Industries India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Solar Industries India Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 27, 2024 02:29 PM the closing price of Solar Industries India Ltd was Rs.9,697.75.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 27, 2024 02:29 PM, the market cap of Solar Industries India Ltd stood at Rs. 87,754.94.

The latest PE ratio of Solar Industries India Ltd as of May 27, 2024 02:29 PM is 108.32

The latest PB ratio of Solar Industries India Ltd as of May 27, 2024 02:29 PM is 0.04

The 52-week high of Solar Industries India Ltd share price is Rs. 10,450.00 while the 52-week low is Rs. 3,453.35

According to analyst recommendations, Solar Industries India Ltd Share has a "Buy" rating for the long term.

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