Solar Industries India Limited
Solar Industries India Limited operates in Explosives, part of the Chemicals sector. It booked ₹3,519 cr of revenue in its latest quarter (Q2 FY27) and kept 17.5% of sales as profit. It is the largest of 3 Explosives companies we track, by market value.
“The Company is primarily There is no unconditional right to defer the settlement involved in manufacturing of complete range of industrial explosives of the liability for at least twelve months after the and explosive initiating devices.”
Healthier than 66% of companies in Chemicals, on all six measures of filed financials. Each measure is ranked against the 14–46 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 51
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash
Whether sales and profit have grown, and how steadily
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold
What if I invest in SOLARINDS?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹3,519 cr |
| Other Income | ₹15 cr |
| Total Income | ₹3,534 cr |
| Cost of Materials | ₹1,605 cr |
| Purchases of Stock-in-Trade | ₹178 cr |
| Inventory Change (±) | ₹-106 cr |
| Employee Benefit Expense | ₹266 cr |
| Finance Costs | ₹55 cr |
| Depreciation & Amortisation | ₹88 cr |
| Other Expenses | ₹571 cr |
| Total Expenses | ₹2,656 cr |
| Profit before Tax | ₹878 cr |
| Tax Expense | ₹227 cr |
| Share of JV / Associates | ₹-35 L |
| Net Profit | ₹650 cr |
| Net margin on total income | 18.4% |
| Metric | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|
| Revenue | 3,053 cr | 3,668 cr | 3,519 cr |
| Total income | 3,097 cr | 3,677 cr | 3,534 cr |
| Expenses | 2,339 cr | 2,774 cr | 2,656 cr |
| Profit before tax | 758 cr | 903 cr | 878 cr |
| Tax | 203 cr | 245 cr | 227 cr |
| Net profit (owners' share) | 548 cr | 653 cr | 617 cr |
| Net margin (owners' share, on revenue) | 17.9% | 17.8% | 17.5% |
| EPS (₹) | 60.52 | 72.11 | 68.19 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| Solar Industries India Limitedthis company | ₹19,654 | ₹1.78 L cr | 72.1 | 32.2% | 17.5% | — |
| Premier Explosives Limited | ₹532 | ₹2,862 cr | 233.5 | 4.2% | 3.0% | — |
| GOCL Corporation Limited | ₹318 | ₹1,575 cr | 11.1 | 5.3% | 986.3% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Dividend | ₹11 / share | 28 Jul 2026 |
| Dividend | ₹10 / share | 8 Jul 2025 |
| Dividend | ₹8.5 / share | 4 Jul 2024 |
| Dividend | ₹8 / share | 9 Jun 2023 |
| Dividend | ₹7.5 / share | 27 May 2022 |
| Dividend | ₹6 / share | 18 Aug 2021 |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
The company also transacted with 13 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.