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Solar Industries
SectorChemicals
Solar Industries India Limited is an integrated global explosives company primarily engaged in manufacturing industrial explosives and explosive initiating devices. The company produces packaged emulsion explosives, bulk explosives, and explosive initiating systems for industrial use. It has also expanded into manufacturing ammunition for military applications. Solar Industries operates the world's largest packaged explosives manufacturing facility in Nagpur, India, and has 34 manufacturing facilities across India. Globally, the company has a presence in over 65 countries with manufacturing facilities in 5 countries. Solar Industries serves major mining and infrastructure companies worldwide. The company has diversified its product range to include high energy materials, composite propellants, ammunition, warheads, fuses, and other defense-related products. It has also established subsidiaries and joint ventures in various countries to expand its international operations.
In the news
Solar Industries Acquires Sivasakthi for ₹115 Crore
Brokerages Eye Dixon Tech, Solar Industries, Urban Company
India's Private Defence Makers: Three Paths to Global Expansion
Solar Industries' ₹12,951 Crore Deal Triggers Defence Index Slide
Solar Industries, BEL, CG Power shares fall up to 11% midday
Nifty India Defence drops 10% in five sessions despite HSBC optimism
Solar Industries' $1.36B African Mining Gamble
Solar Industries shares crash 19.7% in two sessions post $1.35B Omnia deal
Solar Industries defence orders surge to ₹18,000 crore
Jefferies Identifies 16 'Buy' Stocks as India's Industrial Revolution Takes Off
Solar Industries hits ₹22,188 high, market cap crosses ₹2 trillion
Sugar stocks surge 11% as Balrampur Chini hits ₹752 amid supply concerns
Solar Industries shares fall 2.95% to ₹19,724 despite strong Q1 results
Solar Industries India shares rise 2.05% to ₹18,569 on strong growth
Solar Industries shares rise 2.33% on strong Q4 results
17 Stocks Trade Ex-Dividend Today: ₹148.75 Combined Payout
Solar Industries Hits 52-Week High, Gains 50% in 6 Months
Market Rebounds: Sensex Gains 238 Points Led by Realty, PSU Bank Stocks
Solar Industries Creates ₹1.2 Lakh Crore Fortune Despite 43% Downside Warning
Defence Q1 Results Preview: Margin Pressure Expected Amid Cost Headwinds
The Quarter story
The two most recent quarterly results, compared side-by-side.
Solar Industries India delivers strong revenue and profit growth driven by defence and explosives demand, while rising operational costs and foreign investor pullback warrant monitoring.
Consolidated revenue grows from ₹2,154 Cr to ₹3,668 Cr from Q1 FY26 to Q1 FY27, driving strong top-line momentum.
Other expenses climb from ₹341 Cr to ₹540 Cr from Q1 FY26 to Q1 FY27, signaling rising operational overheads.
Defence revenue climbs from ₹418 Cr to ₹933 Cr from Q1 FY26 to Q1 FY27, confirming sustained military demand.
FII & FPI stake falls from 6.79% to 6.42% from Q1 FY26 to Q1 FY27, indicating a cautious foreign investor stance.
EBITDA expands from ₹564 Cr to ₹1,024 Cr from Q1 FY26 to Q1 FY27, reflecting robust operational leverage.
Insurance company holding drops from 0.97% to 0.53% from Q1 FY26 to Q1 FY27, showing reduced institutional participation.
Profit after tax rises from ₹353 Cr to ₹666 Cr from Q1 FY26 to Q1 FY27, demonstrating consistent bottom-line growth.
Order book increases from ₹16,800 Cr to ₹21,300 Cr from Q1 FY26 to Q4 FY26, securing strong future revenue visibility.
Company insights, generated from the most recent coverage.
Stock jumped ~6% to ₹19,765 on Sep 30 but volume ran ~78% below 1-month average — move driven by sentiment/positioning rather than broad institutional participation.
Trading window closed effective Oct 1, 2026, signaling imminent Q2 FY27 results; markets positioning for continued strength off Q1's 89% profit jump.
Management guided FY27 revenue of ₹14,000 crore and a medium-term ₹13,200 crore by FY28, anchoring the multi-year growth runway post-Omnia.