Business description: Solar Industries India Limited

Solar Industries India Limited is an India-based integrated global explosives company. The Company is primarily involved in the manufacturing of complete range of industrial explosives and explosive initiating devices. Its segment is Explosives and its accessories. The Company's products include industrial explosives and defense. Its industrial explosives products include packaged emulsion explosives, bulk explosives and explosive initiating systems. Its industrial explosives include superpower 90, solargel, solar prime, solar prime gold, Eco Power, and others. The Company's defense products include high energy materials, such as HMX, RDX, TNT and their compounds; composite propellants for Pinaka, Akash, Brahmos, PSOMXL and Skyroot, among others; 30 mm ammunition, multi-mode hand grenade, mines, warheads, bund blasting device; artillery fuses, ASW fuses, Pyros and igniters; chaff payloads; loitering munition; rocket integration, and explosives filling of ammunition.

Number of employees: 2,403

Sales by Activity: Solar Industries India Limited

Fiscal Period: March 2021 (INR) 2022 (INR) 2023 (INR) 2024 (INR) 2025 (INR)

Explosives Its Accessories and related Services

2.52TCr 3.95TCr 6.92TCr 6.07TCr 7.54TCr

Geographical breakdown of sales: Solar Industries India Limited

Fiscal Period: March 2021 (INR) 2022 (INR) 2023 (INR) 2024 (INR) 2025 (INR)

Outside India

1.11TCr 1.44TCr 2.93TCr 2.72TCr 3.85TCr

India

1.33TCr 2.39TCr 3.88TCr 3.19TCr 3.51TCr

Executive Committee: Solar Industries India Limited

Manager TitleAgeSince
Chief Executive Officer 52 14/08/2012
Director of Finance/CFO 47 -
Director of Finance/CFO 51 -
Compliance Officer 41 -

Composition of the Board of Directors: Solar Industries India Limited

Director TitleAgeSince
Chairman 73 24/02/1995
Director/Board Member 52 25/10/2008
Director/Board Member 65 11/05/2018
Director/Board Member 60 29/07/2021
Director/Board Member 57 18/09/2025
Director/Board Member - 18/10/2025
Director/Board Member 72 03/12/2025

Shareholders: Solar Industries India Limited

NameEquities%Valuation
38.93 %
3,52,32,069 38.93 % 4 484 M ₹
23.08 %
2,08,82,963 23.08 % 2 658 M ₹
6.153 %
55,68,230 6.153 % 709 M ₹
SBI Funds Management Ltd. (Investment Management)
3.593 %
32,50,942 3.593 % 414 M ₹
3.579 %
32,38,254 3.579 % 412 M ₹

Company details: Solar Industries India Limited

Solar Industries India Ltd.

Solar House

440023, Nagpur

+91 71 2663 4555

http://www.solargroup.com
address Solar Industries India Limited(SOLARINDS)

Group companies: Solar Industries India Limited

NameCategory and Sector
Miscellaneous
Miscellaneous
Solar Mining Services Pty Ltd.
Solar Mining Services Pty Ltd.
Industrial Specialties

Other Commodity Chemicals

Change 5d. change 1-year change 3-years change Capi.($)
+0.28%+0.42%+19.83%+290.13% 1.45TCr
+0.46%-0.04%+7.04%+26.41% 13TCr
-0.51%-4.10%-4.26%-37.77% 4.7TCr
-0.26%-5.05%+59.19%-7.46% 4.02TCr
-2.02%-6.18%-19.54%+166.45% 3.06TCr
-1.41%-9.31%+78.94%+95.01% 2.92TCr
-1.61%-1.98%+169.68%+21.47% 2.44TCr
+2.06%+7.69%+56.44%+44.39% 2.46TCr
-2.28%0.00%+179.61%+11.30% 2.16TCr
+3.49%-9.18%+20.80%-27.84% 2.21TCr
Average -0.17%-3.28%+56.77%+58.21% 3.81TCr
Weighted average by Cap. -0.09%-2.67%+39.20%+38.30%
Trader
Investor
Global
Quality
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
14,907.00INR
Average target price
16,696.67INR
Spread / Average Target
+12.01%

Quarterly revenue - Rate of surprise

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