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Solar Industries India Limited

BSE: SOLARINDS532725ISIN INE343H01029
  • Commodities
  • Explosives
  • BSE 200

Share price

₹19,410.00-210.10 (-1.07%)
as of 4 Nov 2026
Solar Industries India Limited share price, 4 Nov 2025 to 4 Nov 2026: ₹13,626.05 to ₹19,410.00 (+42.4%). Low ₹11,832.05, high ₹22,470.95. Volume shown below the price.

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high
₹22,630.05
52W low
₹11,641.10
Off 52W high
-14.23%
1M return
-0.21%
3M return
+5.49%
6M return
+23.33%
1Y return
+42.45%
20D avg volume
9,808
50 DMA
₹19,938.17
200 DMA
₹16,996.00

Key ratios Consolidated

Market cap
₹1,75,641 Cr
Current price
₹19,410.00
52W high / low
₹22,630.05 / ₹11,641.10
Face value
₹2.00
P/E
75.09
P/B
22.89
EPS (TTM)
₹258.48
Book value / share
₹847.88
ROE
—
ROCE
29.50%
Operating margin
—
Net margin
—
Debt / equity
0.22
Net debt
₹998.40 Cr
Interest cover
18.65
Dividend yield
0.06%
Dividend / share (TTM)
₹11.00
Payout
4.26%
Cash conversion cycle
110.1 days

Financials

MetricQ2 FY27Q1 FY27Q4 FY26Q3 FY26Q2 FY26Q1 FY26Q4 FY25Q3 FY25Q2 FY25Q1 FY25Q4 FY24Q3 FY24
Income statement
3,5193,6683,0532,5482,0822,1542,1671,9731,7161,6951,6111,429
15.378.5244.4725.0729.1829.266.559.5430.4524.2917.6510.91
3,5343,6773,0972,5732,1112,1842,1731,9831,7461,7191,6281,440
2,6562,7742,3391,9371,6211,7031,7061,5241,3441,3131,3261,140
1,6051,7871,4351,116908.18994.68927.13885.09640.83813.96744.82634.50
177.55104.80164.50159.37122.33122.48185.86130.42252.9596.5648.90129.89
266.21255.60252.59213.90194.70183.79173.58150.69144.69131.11118.54111.48
55.3641.2641.2734.3830.8927.4328.7830.5129.7427.4731.5228.29
87.9579.7471.4262.8560.6255.9850.4947.4243.6139.9837.0138.60
570.77540.23452.65384.90346.87341.41287.82267.18283.41244.11309.01209.79
877.84902.71757.75636.04490.46480.70466.95458.15401.87406.22302.82300.26
0.000.000.000.00-0.940.060.000.000.000.000.000.00
877.84902.71757.75636.04489.52480.76466.95458.15401.87406.22302.82300.26
227.45245.09203.00169.37127.83128.14118.26121.61103.19107.7562.6776.99
650.04666.37556.03466.54361.69352.62346.11337.50303.78300.54242.71221.94
68.1972.1160.5249.3138.1237.4335.61—31.5931.6625.9822.47
Key metrics
1,0211,024870.44733.27581.03564.17546.22536.08475.22473.67371.35367.15
29.00%27.90%28.50%28.80%27.90%26.20%25.20%27.20%27.70%27.90%23.10%25.70%
18.50%18.20%18.20%18.30%17.40%16.40%16.00%17.10%17.70%17.70%15.10%15.50%
9.20%—9.40%—7.60%—8.10%—————
69.00%70.30%40.90%29.20%21.40%27.10%34.50%38.10%————
79.70%89.00%60.70%38.20%19.10%17.30%42.60%52.10%————
MetricTTMFY26FY25FY24FY23FY22FY21FY20FY19FY18FY17
Income statement
12,7889,8387,5406,0706,9233,9482,5162,2372,4621,9511,711
93.43127.9870.8344.4731.5219.6621.4241.0514.7212.1013.21
12,8829,9667,6116,1146,9543,9672,5372,2782,4761,9641,724
9,7077,6015,8784,9535,8523,3602,1401,9432,0681,6241,453
5,9434,5033,3752,7103,8202,0661,1851,1041,2531,061903.25
606.22568.68557.44402.58560.22301.85199.37153.36137.3440.3920.44
988.30844.98600.07433.46352.72289.63230.64206.62184.20133.48104.31
172.27133.97116.50109.3790.3850.2545.3955.0449.87—26.89
301.96250.87181.50143.38128.21109.2593.5384.5358.89——
1,9491,4771,0731,071938.52583.39—381.36374.49307.51245.28
3,1742,3651,7331,1611,102607.42397.10335.80407.90339.64271.47
0.000.000.000.000.000.000.000.00-6.050.000.00
3,1742,3651,7331,1611,102607.42397.10335.80401.85339.64271.47
844.91628.58450.81286.05290.41151.95109.0357.13125.05106.0576.74
2,3391,7371,288875.23811.17455.47288.07278.67276.80233.59194.73
250.13185.39133.6592.3883.6848.7730.5429.5528.91——
Key metrics
3,6492,7502,0311,4141,320766.92536.02475.37510.61339.64298.36
28.53%28.00%26.90%23.30%19.10%19.40%21.30%21.20%20.70%17.40%17.40%
18.29%17.70%17.10%14.40%11.70%11.50%11.50%12.50%11.20%12.00%11.40%
—29.50%30.10%————————
52.67%30.50%24.20%-12.30%75.40%56.90%12.40%-9.10%26.10%14.00%—
67.32%34.80%47.20%7.90%78.10%58.10%3.40%0.70%18.50%20.00%—
—-1,1181,462————————
—0.361.92————————
—0.220.21————————
—998.40349.16————————
—110.186.5————————
Balance sheet
—10,9188,261————————
—5,0374,123————————
—469.44590.43————————
—1,8581,239————————
—1,7421,040————————
—712.46418.95————————
—3,7162,470————————
—631.74492.52————————
—2,4492,114————————
—1,468939.59————————
—647.48545.71————————
—820.36393.88————————
—6,5494,537————————
Cash flow
—620.872,468————————
—-1,164-1,593————————
—209.46-476.36————————
—1,7391,006————————
MetricQ2 FY27Q1 FY27Q4 FY26Q3 FY26Q2 FY26Q1 FY26Q4 FY25Q3 FY25Q2 FY25Q1 FY25Q4 FY24Q3 FY24
Income statement
1,4461,6561,5741,4931,1251,3871,2991,207905.491,0451,002902.25
47.4029.8383.4837.5156.5829.6714.5311.8031.6425.7813.1817.68
1,4931,6861,6571,5301,1821,4171,3141,219937.131,0701,015919.93
1,0641,2041,1501,087866.321,0411,010944.65698.96809.62775.51734.21
724.21904.82743.65650.34476.52682.56699.95612.83451.48590.19537.06463.68
23.1216.0576.57118.57117.7596.3042.3775.3162.1751.3324.4785.51
85.5484.5086.4070.9167.5768.6770.3456.4352.7852.7352.2448.17
8.946.887.345.686.266.748.087.886.736.247.887.73
29.0928.0526.4225.4324.7323.1320.7519.1017.8616.9316.2016.13
228.48193.05213.97215.48186.76173.57174.04154.37119.2299.77119.1198.55
429.26482.04506.81443.05315.48375.34303.98274.39238.17260.75239.34185.72
0.000.000.000.000.000.000.00—————
429.26482.04506.81443.05315.48375.34303.98274.39238.17260.75239.34185.72
109.05123.66129.03113.6080.5395.8276.9569.9760.7166.5559.9547.40
320.21358.38377.78329.45234.95279.52227.03204.42177.46194.20179.39138.32
35.3939.6041.7536.4125.9630.8925.0922.5919.6121.4619.8215.29
Key metrics
467.29516.97540.57474.16346.47405.21332.81301.37262.76283.92263.42209.58
32.30%31.20%34.40%31.80%30.80%29.20%25.60%25.00%29.00%27.20%26.30%23.20%
22.20%21.60%24.00%22.10%20.90%20.20%17.50%16.90%19.60%18.60%17.90%15.30%
7.90%—11.10%—8.20%—8.80%—————
28.50%19.40%21.10%23.70%24.30%32.80%29.70%33.80%————
36.30%28.20%66.40%61.20%32.40%43.90%26.60%47.80%————
MetricTTMFY26FY25FY24FY23FY22FY21FY20FY19FY18FY17
Income statement
6,1685,5794,4573,7184,1622,5281,5841,5121,6631,3051,253
198.22207.2483.7558.3455.8436.1725.6435.3521.2218.2313.38
6,3675,7864,5403,7764,2182,5651,6101,5471,6841,3241,267
4,5064,1453,4632,9763,6182,2111,3571,2941,3911,1181,069
3,0232,5532,3542,0492,7971,647918.71872.12968.99750.02678.57
234.31409.19231.18232.60213.56160.35122.16102.2792.7791.3976.07
327.35293.55232.28185.51145.36131.8995.9894.1091.1269.0054.35
28.8426.0228.9329.5827.578.856.5212.1711.92—13.79
108.9999.7174.6463.3757.0249.4437.9833.9628.9326.0919.28
850.98789.78547.40395.90383.24239.13192.94193.78183.25154.81113.27
1,8611,6411,077800.05600.08353.02253.22252.44293.54205.42197.15
0.000.000.00—————-6.05——
1,8611,6411,077800.05600.08353.02253.22252.44287.49205.42197.15
475.34418.98274.18203.75154.6991.5064.1539.0496.0271.1664.57
1,3861,222803.11596.30445.39261.52189.07213.40191.47134.26132.58
153.15135.0188.7565.9049.22—20.8923.5821.16——
Key metrics
1,9991,7661,181893.00684.67411.31297.72298.57328.34231.51230.22
32.41%31.70%26.50%24.00%16.40%16.30%18.80%19.80%19.70%17.70%18.40%
22.47%21.90%18.00%16.00%10.70%10.30%11.90%14.10%11.50%10.30%10.60%
—36.10%31.10%————————
22.90%25.20%19.90%-10.70%64.60%59.60%4.80%-9.10%27.40%4.20%—
46.50%52.10%34.70%33.90%70.30%38.30%-11.40%11.50%42.60%1.30%—
—518.80775.94————————
—0.761.31————————
—0.030.06————————
—-108.692.02————————
—77.781.6————————
Balance sheet
—5,5294,436————————
—2,0121,939————————
—250.36192.92————————
—984.79786.52————————
—405.28396.97————————
—186.78120.15————————
—1,3611,124————————
—201.17186.80————————
—909.05880.72————————
—141.67194.94————————
—62.92101.38————————
—78.7593.56————————
—4,2273,067————————
Cash flow
—927.341,054————————
—-681.95-691.25————————
—-187.95-231.81————————
—408.54277.97————————

Compounded growth

Standalone

Sales CAGR 3Y
+10.26%
Sales CAGR 5Y
+28.63%
Profit CAGR 3Y
+39.98%
Profit CAGR 5Y
+45.23%
Sales YoY (TTM)
+22.90%
Profit YoY (TTM)
+46.50%

Consolidated

Sales CAGR 3Y
+12.43%
Sales CAGR 5Y
+31.36%
Profit CAGR 3Y
+28.88%
Profit CAGR 5Y
+43.23%
Sales YoY (TTM)
+52.67%
Profit YoY (TTM)
+67.32%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding
73.14%
QuarterSeptember 2026June 2026
Promoter %73.14%73.14%
HolderTypeHoldingPreviousChange
Manish Satyanarayan NuwalPromoter38.93%38.93%0.00%
Sohan Devi Nand Lal Nuwal Family TrustPromoter Group29.23%29.23%0.00%
Sbi Aggressive Hybrid FundPublic3.76%——
Satyanarayan Nandlalji NuwalPromoter3.58%3.58%0.00%
Kotak Flexicap FundPublic2.60%2.77%-0.17%
Seema Manish NuwalPromoter1.37%1.37%0.00%
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Midcap FundPublic1.14%1.22%-0.08%
Rahul NuwalPromoter0.03%0.03%0.00%
MSN Nexgen Solutions LimitedPromoter Group0.00%——
Solar Speciality Chemicals LimitedPromoter Group0.00%——
Cadence Agri Lands Pvt LtdPromoter Group0.00%——
MSN Ventures Global Enterprieses LLPPromoter Group0.00%——
MSN Landventures LLPPromoter Group0.00%——
Navditya Ventures LLPPromoter Group0.00%——
MSN Estste Ventures LLPPromoter Group0.00%——

Public shareholders are disclosed individually only above 1%.

Peer comparison

CompanyMkt cap (₹ Cr)Price (₹)P/EROCESales YoYProfit YoY1Y return
Solar Industries India Limited1,75,64119,410.0075.0929.50%+52.67% TTM+67.32% TTM+42.45%
Premier Explosives Ltd.2,845529.1584.8219.60%-26.84% TTM-8.76% TTM-14.82%
Keltech Energies Ltd. S1,74517,448.5561.1421.10%+13.80% TTM+8.07% TTM+275.42%
GOCL Corporation Limited1,621326.954.4212.20%-95.58% TTM-72.91% TTM-7.05%
Beezaasan Explotech Limited1,153761.00—11.10%——+206.92%

Filings & corporate actions

Recent announcements

Corporate actions

PurposeEx dateRecord datePayment date
Final Dividend - Rs. - 11.000028 Jul 202628 Jul 2026—
Final Dividend - Rs. - 10.00008 Jul 20258 Jul 2025—
Final Dividend - Rs. - 8.50004 Jul 2024——

Board meetings

  • Board Meeting - Financial Results
  • Board Meeting - Financial Results