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 57.2, a price-to-book of about 28.8 — 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 ₹20,011.00 (+0.7% on the day), as of 10/16/2026 — a delayed quote shown for education, not investment advice.

Solar Industries India

SOLARINDS · NSE · Defense/Explosives · India

Snapshot

TickerSOLARINDS

ExchangeNSE

SectorDefense/Explosives

IndustrySpecialty Chemicals

CountryIndia

Employees2,351

HeadquartersNagpur, India

Websitesolargroup.com

Filings tracked5

About Solar Industries India

Solar Industries India Limited, together with its subsidiaries, manufactures and sells industrial explosives, explosive initiating devices, and high energy materials for mining and defense applications in India and internationally. The company offers industrial explosives comprising bulk, packaged, non-permitted, permitted, and seismic explosives; initiating systems; electronic, non-electric, and plain detonators; cord relays; cast boosters; detonating cords; and aluminum elemented det products. It also provides defense products consisting of high energy materials, such as HMX, RDX, TNT, and their compounds; composite, single base, double base, and triple base propellants; complete integration of rockets; ammunitions, including multi-mode hand grenades, mines, bombs, warheads, and bund blasting devices; drones and UAVs; pyros and ignitors; propellants for space applications; missiles; and unmanned systems and advanced defense technologies. The company serves the Coal India Limited (CIL), non-CIL and institutional, housing and infrastructure, and defense industries. It exports its products to approximately 90 countries. The company was formerly known as Solar Explosives Limited and changed its name to Solar Industries India Limited in February 2009. Solar Industries India Limited was incorporated in 1995 and is based in Nagpur, India.

Who owns it

Promoters43.9%
Institutions45.2%
Public & other10.9%

140 institutional holders

Ownership breakdown from public market data. 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% → 17.1%

Margin has expanded by about 6.1 points — the business is getting more profitable.

Growth qualityrev 9% · PAT 22%

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

Computed by MarketChacha from reported figures (Yahoo Finance). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev ₹3,491 Cr · EPS 60.40

Est. earnings growth +22.5%

Next fiscal year

Rev ₹17,398 Cr · EPS 349.93

Est. earnings growth +24.3%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: Yahoo Finance

Annual

Quarterly · last 5

Revenue (FY2026)

₹9,838 Cr

Net margin

17.1%

Revenue CAGR (3y)

+12.4%

Profit CAGR (3y)

+30.4%

Net profit (FY2026)

₹1,678 Cr

Ask MarketChacha about SOLARINDS

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Jul 20, 2026
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	Net margin
FY2026	₹9,838 Cr	₹1,678 Cr	17.1%
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
Q1 FY27	₹1,656 Cr	₹358 Cr	39.60	21.6%
Q4 FY26	₹3,053 Cr	₹548 Cr	—	17.9%
Q3 FY26	₹2,548 Cr	₹446 Cr	—	17.5%
Q2 FY26	₹2,082 Cr	₹345 Cr	—	16.6%
Q1 FY26	₹2,154 Cr	₹339 Cr	—	15.7%

Figures as reported, in ₹ (crore). Source: Yahoo Finance.

Filings & announcements

2026

Credit Rating
Intimation under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015
BSE9/23/2026material
Acquisition
Disclosure under regulation 30 of SEBI (LODR) Regulations, 2015
BSE9/14/2026material
Press Release / Media Release
Press release on proposed acquisition of Omnia Holdings Limited by Solar SA Investments Proprietary Limited
BSE9/14/2026
Clarification sought from Solar Industries India Ltd
The Exchange has sought clarification from Solar Industries India Ltd on September 03, 2026, with reference to news appeared in https://www.moneycontrol.com/ dated September 03, 2026 quoting ....
BSE9/3/2026material
Shareholder Meeting / Postal Ballot-Outcome of AGM
Summary of Proceedings of 31st Annual General Meeting of the Company.
BSE8/11/2026material

In the news

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