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  4. SOLAR INDUSTRIES INDIA LTD.
Solar Industries India Ltd.
NSE: SOLARINDS | BSE: 532725

Solar Industries Live Share Price Today, Share Analysis and Chart

Expensive Performer
BasketIn 2 Starfolio Baskets
aboutSolar Industries India Ltd. (Solar Industries) is a leading integrated manufacturer of industrial explosives and initiating systems, with a significant and growing presence in the high-technology defense sector. The company serves critical industries... Read More
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19263.00463.00(2.46%)

65.40% Gain from 52W Low

48,542
NSE+BSE Volume

NSE 02 Nov, 2026 12:06 PM (IST)

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My Notes

Board Meeting
The next board meeting for Solar Industries is on 03 Nov 2026 for the purpose of Quarterly Results See details
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48.8 / 100
Expensive PerformerThese stocks are strong in quality but with mid-range technicals. Their valuations are expensiveView SimilarEmbed DVM
Analyst Price Target
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11

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SWOT Analysis

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High rank

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Pass in checklist60.9%

045
55
100

PE Valuation Check

Right Now
Fairly Valued
1.2%
1 Year Forward
Undervalued
29.5%
INSIGHTSolar Industries is fairly valued at current PE, but undervalued on future earnings estimates

Solar Industries Stock Price Analysis

Day Price Range

2.5% 1 Day return
19263 (LTP)
18,86319,368
LowHigh

Week Price Range

4.9% 1 Week return
19263 (LTP)
18,11719,527
LowHigh

Month Price Range

-0.7% 1 Month return
19263 (LTP)
18,11720,398
LowHigh

52 Week Price Range

38.8% 1 Year return
19263 (LTP)
11,64622,700
LowHigh
View full Price History/Seasonality

Solar Industries Forecaster - Analyst Share Price Target and Estimates

Revenue forecast

Hit

Solar Industries's Revenue was higher than average estimate 2 times in past 3 years

EPS forecast

CURRENT EPS
185.4
AVG. ESTIMATE
282.3
LOW ESTIMATE
257.5
HIGH ESTIMATE
310.4
CURRENT EPS
AVG. ESTIMATE
Hit

EPS is expected to grow by 52.3% in FY27

Consensus Recommendation

16 ANALYST Recommendations
BUY

The consensus recommendation from 16 analysts for Solar Industries is BUY

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Solar Industries Technical Analysis

Solar Industries EMA & SMA

Bullish+2
5 bullish, 3 bearish
Bullish5
Bearish3
5 Day19084.5
10 Day19214.2
12 Day19264.0
20 Day19421.3
26 Day19497.9
50 Day19521.6
100 Day18913.3
200 Day17535.6

Solar Industries Delivery And Volume

Daily Avg. Delivery Volume %
30 Oct, 202639.7%
Week38.0%
Month39.6%
Legend
Positive IndicatorNeutral IndicatorNegative Indicator

Solar Industries Resistance and Support

19018.33
Pivot
First Resistance19236.7
Second Resistance19673.3
Third Resistance19891.7
First Support18581.7
Second Support18363.3
Third Support17926.7
Day RSI42.3
Day MACD-233.9
Day MFI48.7
Day MACD Signal Line-176.7

Solar Industries Beta

1 Month0.2
1 Year0.8
3 Month0.7
3 Year1.0

Solar Industries Price Change Analysis

↓-0.7%
Over 1 Month
LowHigh
1811720398
↑4.8%
Over 3 Months
LowHigh
1781622700
↑24.8%
Over 6 Months
LowHigh
1535122700
↑38.9%
Over 1 Year
LowHigh
1164622700
All Technicals →

Solar Industries Shareholding Pattern/ Ownership

Shareholding Summary

Sep 2026
 
NameCategorySharesShares %
Manish Satyanarayan NuwalPromoter35,232,06938.9 %
Sbi Aggressive Hybrid FundDii3,406,7413.8 %

HISTORICAL PROMOTER HOLDING

HISTORICAL FII HOLDING

HISTORICAL MF HOLDING

All Shareholding details

Solar Industries Deals - Insider, Bulk, Block and SAST

Client NameDeal TypeActionDateAvg. PriceQuantityExchange
GOLDMAN SACHS (SINGAPORE) PTE - ODIBlockSell13 Oct 2025140058,575NSE
GOLDMAN SACHS BANK EUROPE SE - ODIBlockPurchase13 Oct 2025140058,575NSE
THE MTBJ LTD. AS TRST FOR GOVRNMNT PENSION INVSTMNT FUND MTBJ400045828BlockSell14 Jul 2025154209,961NSE
THE MTBJ LTD. AS TRST FOR GOVERNMENT PENSION INVESTMENT FUND MTBJ400045849BlockPurchase14 Jul 2025154209,961NSE
ISHARES CORE EMERGING MARKETS MAURITIUS COBlockSell14 Nov 20224142.5530,696BSE
ISHARES CORE MSCI EMERGING MARKETS ETFBlockPurchase14 Nov 20224142.5530,696BSE
ISHARES CORE EMERGING MARKETS MAURITIUS COBlockSell03 Nov 20223963.5530,696NSE
ISHARES CORE MSCI EMERGING MARKETS ETFBlockPurchase03 Nov 20223963.5530,696NSE
ISHARES INDIA SC MAURITIUS COMPANYBlockSell25 Oct 20223986.7513,287BSE
ISHARES CORE EMERGING MARKETS MAURITIUS COBlockSell25 Oct 20223986.7528,620BSE
All deals
All insider trades

Solar Industries Corporate Actions

Solar Industries Dividend history and yield

Solar Industries dividend yields, including actual and adjusted, and dividend history, including announcement, record, and ex-dividend dates. Track Solar Industries dividend yield over time.

#Ex-Date
Dividend AmountDividend TypeRecord DateInstrument Type
128 Jul 2026
11FINAL28 Jul 2026Equity Share
208 Jul 2025
10FINAL08 Jul 2025Equity Share
304 Jul 2024
8.5FINAL-Equity Share
409 Jun 2023
8FINAL-Equity Share
527 May 2022
7.5FINAL-Equity Share

Solar Industries Board Meetings

Solar Industries past and upcoming board meetings.

#Ex-Date
PurposeNotes
103 Nov 2026
Quarterly Results-
213 Aug 2026
Quarterly Results-
315 May 2026
Audited Results & Final Dividend-
403 Feb 2026
Quarterly Results-
510 Nov 2025
Quarterly Results-

Solar Industries Stock Split

Solar Industries stock split details, including announcement, record, and ex-split dates, along with the split ratios

#Ex-Date
Old FVNew FVRecord Date
113 Jul 2016
10214 Jul 2016
All Corporate Actions

Solar Industries Research Reports

Solar Industries research reports with share price targets, and buy/hold/sell recommendations from top brokers.

#
Date
Broker NameTargetPrice When RecommendedTypeUpsideChange Since RecommendationLinks
122 Sep 2026Prabhudas Lilladhar2312419730Buy17.2%-2.37%pdf
220 Sep 2026Motilal Oswal
Reco
Target
2300019265Buy19.39%-0.01%pdf
315 Sep 2026Deven Choksey-18900Not Rated-1.92%pdf
415 Sep 2026ICICI Direct
Target
2320018900Buy22.75%1.92%pdf
515 Sep 2026ICICI Securities Limited2350018900Buy24.34%1.92%pdf
All Reports of Solar

Solar Industries Corporate Filings

Solar Industries BSE corporate filings and AGM, press releases, insider trading & SAST, results and corporate actions.

DateAnnouncement TitleDetailsLinks
28 Oct 2026
Solar Industries India Ltd - 532725 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation of Conference Call under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
PDF
27 Oct 2026
Solar Industries India Ltd - 532725 - Board Meeting Intimation for Meeting Of The Board Of Directors.
Solar Industries India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/11/2026 ,inter alia, to consider and approve the Unaudited Standalone & Consolidated Financial Results of the Company for the quarter and half year ended on September 30, 2026 along with Limited Review Report thereon to be submitted by the Statutory Auditors.
PDF
15 Oct 2026
Solar Industries India Ltd - 532725 - Announcement under Regulation 30 (LODR)-Acquisition
Disclosure under Regulation 30 of the SEBI (LODR) Regulations 2015
PDF
09 Oct 2026
Solar Industries India Ltd - 532725 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for quarter ended September 30, 2026.
PDF
29 Sep 2026
Solar Industries India Ltd - 532725 - Announcement under Regulation 30 (LODR)-Acquisition
Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015.
PDF
VIEW ALL

Solar Industries DocumentsAsk MarketMind AI

Solar Industries Earnings Call

Solar Industries earnings calls, including management commentary and AI-generated summaries.

DateTitleLinks
17 Sep 2026Solar Industries India Ltd - 532725 - Announcement under Regulation 30 (LODR)-Earnings Call TranscriptLink
15 Sep 2026Solar Industries India Ltd - 532725 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeLink
18 May 2026Solar Industries India Ltd - 532725 - Announcement under Regulation 30 (LODR)-Earnings Call TranscriptLink
15 May 2026Solar Industries India Results Earnings Call for Q4FY26 & Full YearAudioVideo
04 Feb 2026Solar Industries India Results Earnings Call for Q3FY26AudioVideo
view all

Solar Industries Annual Reports

Solar Industries financials, including annual results, balance sheets, and cash flow statements.

DateReport TitleLinks
2026Annual Report Mar-2026Link
2025Annual Report Mar-2025Link
2024Annual Report Mar-2024Link
2023Annual Report Mar-2023Link
2022Annual Report Mar-2022Link

Solar Industries Credit Ratings

Solar Industries credit ratings from CRISIL and leading rating agencies, assessing financial stability, investment grade, and related PDF documentation.

DateRating AgencyCompany NameDescriptionLinks
22 Sep 2026icra ratingsSolar Industries India LimitedUpdate on material eventLink
21 Sep 2026crisil ratingsSolar Industries India LimitedSolar Industries India Limited:Rating placed on 'Watch Developing'Link
03 Sep 2026icra ratingsSolar Industries India LimitedRating reaffirmedLink
22 Apr 2026crisil ratingsSolar Industries India LimitedSolar Industries India Limited:Rating outlook revised to 'Positive'; Ratings ReaffirmedLink
01 Feb 2026icra ratingsSolar Industries India LimitedRating reaffirmed; rated amount enhancedLink

Solar Industries Investor Presentations

Solar Industries investor presentations, including business updates, financial insights, and strategic initiatives.

DateReport TitleLinks
13 Aug 2026Solar Industries India Ltd - 532725 - Announcement under Regulation 30 (LODR)-Investor PresentationLink
15 May 2026Solar Industries India Ltd - 532725 - Announcement under Regulation 30 (LODR)-Investor PresentationLink
03 Feb 2026Solar Industries India Ltd - 532725 - Announcement under Regulation 30 (LODR)-Investor PresentationLink
10 Nov 2025Solar Industries India Ltd - 532725 - Announcement under Regulation 30 (LODR)-Investor PresentationLink
07 Aug 2025Solar Industries India Ltd - 532725 - Announcement under Regulation 30 (LODR)-Investor PresentationLink

Solar Industries - Company Profile

Solar Industries Management Structure

Solar Industries management structure with salaries, total experience, and qualifications.

NAMEDESIGNATIONGROSS REMUNERATION ₹(LAC)AS OFHISTORY & DETAILS
Manish NuwalExecutive Director,Managing Director,Chief Executive Officer3859Mar 26
Shri Moneesh AgrawalJoint Chief Financial Officer-Mar 26
Smt Shalinee MandhanaJoint Chief Financial Officer-Mar 26
Khushboo PasariCompany Secretary,Compliance Officer-Mar 26
Shri Ashish Kumar SrivastavaSenior General Manager-Mar 26
Shri Manoj Kumar SinghSenior General Manager-Mar 26
Shri Purushottam Pundlikrao DeotareSenior General Manager-Mar 26
Shri Ashish KholSenior General Manager(Human Resources)-Mar 26
Shri Manoj Kumar LalwaniSenior General Manager-Mar 26
Shri Hemant TepaleGeneral Manager-Mar 26
Shri Shailendra TiwariChief Information Officer(IT)-Mar 26
Shri Femin BenedictSenior General Manager-Mar 26

Solar Industries Board of Directors

Solar Industries Board of directors with salaries, total experience, and qualifications.

NAMEPOSITIONGROSS REMUNERATION ₹(LAC)AS OFHISTORY & DETAILS
Manish NuwalManaging Director & CEO3859Mar 26
Suresh MenonE D & Wholetime Director175Mar 26
Milind DeshmukhE D & Wholetime Director130Mar 26
Girija BalakrishnanIndependent Non Exe. Director5.4Mar 26
L ViswanathanIndependent Non Exe. Director5Mar 26
Ramesh BhujangIndependent Non Exe. Director1Mar 26
Reena Jha TripathiIndependent Non Exe. Director-Mar 26
Khushboo PasariCompany Sec. & Compli. Officer-Mar 26
Satyanarayan NuwalChairman & Non Executive Dir.-Mar 26
Website: www.solargroup.com

About the company - Business Profile

Solar Industries India Ltd. (Solar Industries) is a leading integrated manufacturer of industrial explosives and initiating systems, with a significant and growing presence in the high-technology defense sector. The company serves critical industries including mining, infrastructure, and national security, operating as a key domestic supplier to Coal India Limited (CIL) and the Indian Armed Forces. Beyond its dominant position in the Indian market, Solar Industries has established a global footprint with manufacturing facilities and operations across multiple continents.

Key Points

  • Key Facts: Founded in 1995 and headquartered in Nagpur, Maharashtra, Solar Industries is listed on both the BSE and NSE. It operates through several subsidiaries, including Economic Explosives Limited, which spearheads its defense initiatives.
  • Operations and Resources: The company manages multi-locational manufacturing facilities across India, including major units in Nagpur, Chandrapur (Maharashtra), Waidhan (Madhya Pradesh), and Korba (Chhattisgarh). Internationally, it has expanded into markets such as Kazakhstan and Saudi Arabia.
  • Market and Significance: Solar Industries is a strategic partner in India’s defense ecosystem, manufacturing advanced ammunition, bombs, warheads, and propellants for space and defense applications. It is the first private sector company in India to set up a facility for propellant tanks and integrated propulsion systems for space launch vehicles.
  • Business Model: The company operates an integrated business model, manufacturing a comprehensive range of products from bulk explosives to sophisticated defense systems. Its strength lies in its ability to provide end-to-end solutions, high manufacturing standards, and a diversified customer base that mitigates sector-specific risks.

Revenue and Financial Performance (FY 2024-25) Based on the Annual Report for FY25, the company reported the following consolidated financial performance:

  • Net Sales: ₹7,540 crore (up 24% from ₹6,070 crore in FY24).
  • EBITDA: ₹2,031 crore (up 44% from ₹1,414 crore in FY24) with a margin of 27%.
  • Profit After Tax (PAT): ₹1,288 crore (up 47% from ₹875 crore in FY24).
  • Return on Net Worth (RoNW): 29.00%.

Revenue Breakdown by Customer Segment (FY 2024-25):

  • Exports and Overseas: 40% (₹3,016 crore)
  • CIL (Coal India Limited): 17% (₹1,282 crore)
  • Defence: 17% (₹1,282 crore)
  • Housing and Infrastructure: 17% (₹1,282 crore)
  • Non-CIL & Institutional: 8% (₹603 crore)

Quarterly Update (Q3 FY26): The defense segment has seen a rapid increase in contribution, reaching 28% of total sales in Q3 FY26, compared to 21% in Q3 FY25. The international segment contributed 40% of sales during the same quarter.

Key Products and Technological Advancements:

  • Explosives & Initiating Systems: Bulk and packaged explosives, detonators, and boosters for mining and construction.
  • Defense & Space: Large-scale manufacturing of bombs, warheads (including Bund Blasting devices), pyros, ignitors, and drones/UAVs.
  • Space Propellants: Development of propellants for space applications, supporting India's aerospace goals.
  • Defense Order Book: As of early 2024, the defense order book was valued at over ₹2,600 crore, with a focus on high-margin ammunition and export orders.

Human Resources and Strategic Initiatives:

  • Employee Count: As of March 31, 2024, the company employed approximately 929 permanent employees and 3,609 workers (including 957 permanent and 2,652 non-permanent workers).
  • Attrition: The turnover rate for permanent employees in FY24 was 13.08%.
  • Strategic Initiatives: Current focus includes expanding manufacturing capacities in Saudi Arabia and Kazakhstan. The company is also prioritizing "Atmanirbhar Bharat" by indigenizing defense production and scaling its UAV and drone capabilities. It targets a sustainable volume growth of 15% over the next three to five years.

References

  1. Annual Report May 2025
  2. Investor Presentation Feb 2026
  3. Earnings Call Nov 2025
  4. Annual Report May 2024

Solar Industries FAQ

Solar Industries today is trading in the green, up by 2.46% at ₹19,263.
Solar Industries is currently trading up 2.46% on an intraday basis. In the past week the stock rose 4.89%. Stock has been up 4.74% in the past quarter and rose 38.8% in the past year. You can view this in the share price history/seasonality section.
Solar Industries is listed on NSE with the ticker SOLARINDS and on BSE as 532725. It's currently trading on NSE at a share price of ₹19,263 and on BSE with a share price of ₹19,295.45.
The market cap of Solar Industries is ₹174,311.08 Cr. as of Nov 02, 2026.
Solar Industries announced a FINAL dividend of 550% which equals ₹11 in Jul 28, 2026.The last three ex-dates for Solar Industries were Jul 08, 2025, Jul 04, 2024 and Jun 09, 2023. To view the full dividend history of Solar Industries click here.
Solar Industries has never issued bonus shares, but it has issued 1 stock split since its BSE/NSE listing. The latest announcement for Solar Industries stock split was on Jul 13, 2016 at a ratio of 10:2.
Solar Industries reported ₹3,676.72 Cr. in revenue, ₹652.55 Cr. in net profit, and ₹1,023.71 Cr. in EBITD as of Aug 13, 2026 for Q1 FY26-27.
According to the predictions of 16 analysts, the share price prediction for Solar Industries is ₹22,436.69 with an upside of 16%.
The PE ratio of Solar Industries is 87.53 as of Nov 02, 2026.
The PB ratio of Solar Industries is 25.14 as of Nov 02, 2026.
You can view the latest analyst reports on the Solar Industries reports dashboard. Either click on the Reports tab on this page's sub-header or click here to be directed to the dashboard.
You can set real-time stock alerts on price, volume, SMA, and several other parameters by scrolling to the top of this page and clicking the bell icon on the far right-hand side of the stock overview.
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