Why did Solar Industries India (SOLARINDS) stock move recently?

On 7/20/2026, Solar Industries India moved +3.0% — Solar Industries shares rose on optimism around its defence order pipeline, boosted by DRDO's successful Pinaka Long Range Guided Rocket test and potential revenue opportunities from extended-range Pinaka and Project Kusha programmes, as highlighted by Goldman Sachs. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is Solar Industries India (SOLARINDS) overvalued or fairly valued?

MarketChacha shows Solar Industries India's valuation in context — a forward P/E of about 55.4, a price-to-book of about 26.6 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is Solar Industries India's revenue?

Solar Industries India reported revenue of ₹5,579 Cr for FY2026, with net profit of ₹1,222 Cr, per official filings.

What is the share price of Solar Industries India (SOLARINDS)?

Solar Industries India last traded at ₹19,028.00 (+3.0% on the day), as of 7/20/2026 — a delayed quote shown for education, not investment advice.

Solar Industries India

SOLARINDS · NSE · Defense/Explosives · India

₹19,028.00+3.0%

Delayed · as reported by Yahoo Finance · as of Jul 20, 2026, 9:59 AM

Snapshot

TickerSOLARINDS

ExchangeNSE

SectorDefense/Explosives

IndustrySpecialty Chemicals

CountryIndia

HeadquartersNagpur, India

Market cap₹1,67,108 Cr

P/B26.6

Volume2.39L

Websitewww.solargroup.com

Filings tracked0

About Solar Industries India

Solar Industries India Limited, together with its subsidiaries, engages in the manufacture and sale of industrial explosives and explosive initiating devices in India and internationally. It offers industrial explosives, such as bulk and packaged explosives; and initiating systems, including electronic, electric, non-electric, and plain detonators, as well as cord relays, cast boosters, detonating cords, and aluminum elemented det products. The company provides defense products, including unmanned aerial systems and drones, ammunitions, high energy materials, bombs and warheads, rockets and missiles, initiating systems and detonix, chaffs and flares, and mines devices. Its products are used in mining, infrastructure, construction, defence, and the space sectors. The company was formerly known as Solar Explosives Limited and changed its name to Solar Industries India Limited in February 2009. The company was founded in 1983 and is based in Nagpur, India.

Profile as reported by Yahoo Finance.

Who owns it

Promoters43.9%
Institutions44.9%
Public & other11.2%

135 institutional holders

As reported by Yahoo Finance. Promoter pledge is not included here — that comes from exchange shareholding filings.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Net margin trend10.9% → 21.9%

Margin has expanded by about 11.0 points — the business is getting more profitable.

Growth qualityrev -7% · PAT 17%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (BSE (official results filing)). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev ₹3,233 Cr · EPS 55.62

Est. earnings growth +45.9%

Next fiscal year

Rev ₹16,957 Cr · EPS 333.09

Est. earnings growth +24.3%

Analyst consensus estimates — not the company's own guidance. As reported by Yahoo Finance.

₹11,646.0052-wk range₹19,125.00

Delayed · as reported by Yahoo Finance

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Financials at a glance

Source: BSE (official results filing)

Annual

Quarterly · last 4

Market cap

₹1,67,108 Cr

Day change

+3.0%

Fwd P/E

55.4

P/B

26.6

Div yield

0.06%

Beta

0.20

Revenue (FY2026)

₹5,579 Cr

Net margin

21.9%

Revenue CAGR (3y)

-6.9%

Profit CAGR (3y)

+17.3%

EPS (FY2026)

135.01

Net profit (FY2026)

₹1,222 Cr

Market figures: Delayed · as reported by Yahoo Finance. Financials as reported in company filings.

Ask MarketChacha about SOLARINDS

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Why it moved

Jul 20, 2026+3.0%
Solar Industries shares rose on optimism around its defence order pipeline, boosted by DRDO's successful Pinaka Long Range Guided Rocket test and potential revenue opportunities from extended-range Pinaka and Project Kusha programmes, as highlighted by Goldman Sachs.
source 1 ↗· confidence: high

Daily moves with the verified reason behind them. Education only — not investment advice.

On MarketChacha

Posts about SOLARINDS

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin
FY2026	₹5,579 Cr	₹1,222 Cr	135.01	21.9%
FY2025	₹7,540 Cr	₹1,209 Cr	—	16.0%
FY2024	₹6,070 Cr	₹836 Cr	—	13.8%
FY2023	₹6,923 Cr	₹757 Cr	—	10.9%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	₹1,574 Cr	₹378 Cr	41.75	24.0%
2025Q4	₹1,493 Cr	₹329 Cr	36.41	22.1%
2025Q3	₹2,082 Cr	₹345 Cr	—	16.6%
2025Q2	₹2,154 Cr	₹339 Cr	—	15.7%

Figures as reported, in ₹ (crore). Source: BSE (official results filing).

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed · as reported by yahoo finance) are delayed and shown for reference only. Verify with the linked sources before acting.