Solar Industries India share price hit a new 52-week high of ₹21,645 on Thursday, September 3, 2026, surging 5% following reports of a potential acquisition. According to CNBC-Awaaz, the stock exchanges have sought clarification from the company regarding the acquisition news, though the response is awaited. The explosives company's market capitalisation hit ₹1.95 lakh crore as of September 3, 2026, with the stock outperforming significantly - surging 15% in the past month compared to a 2.4% decline in the BSE Sensex. As per ICICI Securities, the stock is one of the largest domestic manufacturers of cartridge explosives, detonators, detonating cords and components that find applications in the mining, infrastructure, and construction industries.
Solar Industries shares rose 4.5% on September 3 after CNBC-Awaaz reported that the company is likely to acquire a big global firm in South Africa. According to CNBC-Awaaz, the company is eyeing an industrial explosives maker and the deal is likely to be announced as soon as Friday or early next week. This follows the company's earlier acquisition of a 73.99% stake in Problast BS in July 2024, establishing a robust African presence alongside operations in Tanzania, Nigeria, Zambia, and Zimbabwe. The establishment of Solar SA Investments provides the financial and corporate groundwork for potential high-margin inorganic growth in international mining services without stretching the balance sheet.
During Q1FY27, Solar Industries reported its highest-ever quarterly revenue, EBITDA, profit before tax (PBT) and profit after tax (PAT). According to CNBC-Awaaz, the company recorded a whopping 92.6% year-on-year jump in consolidated net profit to ₹653 crore for the first quarter of FY27, from ₹339 crore reported in the corresponding quarter of the previous financial year. The firm's revenue from operations meanwhile surged over 70% YoY to ₹3,668 crore during the April-June quarter of the ongoing financial year 2027, from ₹2,154 crore reported in the same period of FY26. Earnings before interest, taxes, depreciation and amortisation, or EBITDA, rose 90% to ₹1,015 crore from ₹534.9 crore, with EBITDA margin expanding to 27.7% from 24.8% year-on-year. As per ICICI Securities, the company recorded EBITDA at ₹1,024 crore and PAT at ₹666 crore, registering growth of 82% and 89% YoY, respectively.
The defence segment witnessed robust growth of 123% YoY in Q1, led by strong execution in key contracts. As reported by Business Standard, the defence order book remained robust at >₹18,000 crore, led by Pinaka ammunition, guided munitions, 155mm ammunition, loitering munitions and counter-drone systems. Management guides defence segment revenue to reach ~₹4,500 crore in FY27 (+70% YoY). The management said they remain confident of securing sizeable new orders in the coming quarters and supporting the long-term growth trajectory of the defence business. The company is expanding into newer areas such as UAVs, robotics, missiles and long-range munitions, while continued capacity additions and ₹450 crore capex already deployed in Q1FY27 support further scale-up.
The company maintains a consolidated order book as of June 30, 2026, stood at ₹21,350 crore, offering strong medium-term visibility for sustained growth. In June 2026, Solar Industries secured ₹1,076 crore in defence export orders and dispatched completed Pinaka Enhanced MK-I rockets to the Indian Army, further cementing its leadership in private defence manufacturing. Management has maintained a bold full-year FY27 revenue guidance of ₹14,000 crore, supported by its ₹21,350 crore order backlog. According to CNBC-Awaaz, the company has earmarked ₹2,050 crore for capital expenditure in FY27, of which about ₹450 crore was deployed during the first quarter. Analysts estimate revenue & profit after tax to grow at 30% & 32% compound annual growth rate (CAGR) respectively over FY26-28E.
