Equities

Solar Industries India Ltd

SOLARINDS:NSI

Solar Industries India Ltd

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Basic MaterialsChemicals
  • Price (INR)8,781.75
  • Today's Change-109.00 / -1.23%
  • Shares traded275.15k
  • 1 Year change+139.46%
  • Beta0.4484
Data delayed at least 15 minutes, as of Mar 28 2024 10:15 BST.
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About the company

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. It is a domestic manufacturer of bulk and cartridge explosives, detonators, detonating cords and components. 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.

  • Revenue in INR (TTM)63.87bn
  • Net income in INR8.07bn
  • Incorporated1995
  • Employees8.22k
  • Location
    Solar Industries India LtdSolar House 14Kachimet, Amravati Road NagpurNAGPUR 440023IndiaIND
  • Phone+91 7 126634555
  • Fax+91 7 122500200
  • Websitehttps://solargroup.com/
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
SOLARINDS:NSI since
announced
Transaction
value
Rajasthan Explosives & Chemicals LtdAnnounced11 Apr 202311 Apr 2023Announced135.44%--
Data delayed at least 15 minutes, as of Mar 28 2024 10:15 BST.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Shandong Hualu-Hengsheng Chemical Co Ltd306.46bn42.45bn624.47bn5.23k14.561.89--2.041.751.7512.6413.470.712719.47600.645,086,586.009.8718.6711.3722.5220.4729.6613.8421.111.42285.420.203522.9413.0923.78-13.5038.7726.3947.29
Berger Paints India Ltd111.22bn11.31bn661.21bn4.09k58.47--45.555.949.709.7095.35--------27,207,120.00--12.31--19.3440.4732.9110.199.14--15.17--36.3720.6114.883.1913.2720.6312.20
Siam Cement PCL1.14tn59.37bn712.02bn55.58k11.990.85395.610.62221.6021.60416.45303.300.55515.206.898,989,991.002.684.293.685.9714.7017.774.836.850.675318.120.433345.20-12.280.871221.20-10.35-0.3625-24.21
Zhejiang Juhua Co., Ltd243.54bn16.47bn723.34bn7.16k43.924.04--2.970.52920.52927.825.750.936210.3315.752,950,808.006.388.128.439.9414.2415.976.827.661.03--0.174131.5119.489.25114.6621.2533.6011.91
SRF Ltd133.47bn14.76bn747.81bn7.17k50.66--35.325.6049.8049.80450.31--------18,612,290.00--10.50--14.7839.1343.9811.0613.24--6.18--11.0319.6021.2014.4736.1816.9024.57
Mitsubishi Chemical Group Corp2.46tn100.70bn776.63bn68.64k7.610.78262.790.3153123.04123.043,006.361,196.590.75513.905.2865,174,420.003.962.436.193.9427.7127.695.243.380.862920.090.512247.2616.534.47-45.78-14.624.24-1.28
Solar Industries India Ltd63.87bn8.07bn804.52bn8.22k99.70--80.8812.6089.1889.18705.91--------7,775,228.00--13.99--20.6244.3139.9213.3511.67--11.03--15.5875.3628.8271.5927.9816.385.92
Formosa Chemicals & Fibre Corp866.29bn22.26bn841.11bn18.59k37.700.9512.830.97091.461.4656.8758.000.59326.9313.93--1.374.061.905.473.438.452.326.951.69--0.276576.19-12.44-3.5816.16-28.992.42-27.41
Asahi Kasei Corp1.51tn-54.40bn873.82bn48.90k--0.903518.620.577-71.28-71.281,984.111,260.100.74853.015.9256,245,040.00-2.612.83-3.633.9228.3030.89-3.483.551.01--0.376959.4910.775.95-156.41--12.331.15
PETRONAS CHEMICALS GROUP BHD504.66bn29.86bn956.27bn6.47k32.031.3414.571.890.2120.2123.585.050.49586.607.674,434,184.003.038.623.589.8516.6926.956.1017.761.4746.870.108747.27-0.98787.93-73.17-18.74-4.19-16.49
Data as of Mar 28 2024. Currency figures normalised to Solar Industries India Ltd's reporting currency: Indian Rupee INR

Institutional shareholders

11.22%Per cent of shares held by top holders
HolderShares% Held
Kotak Mahindra Asset Management Co. Ltd.as of 29 Feb 20244.03m4.45%
HDFC Asset Management Co. Ltd. (Invt Mgmt)as of 29 Feb 20241.69m1.87%
Fidelity Management & Research Co. LLCas of 31 Jan 20241.06m1.17%
The Vanguard Group, Inc.as of 29 Feb 2024902.81k1.00%
Fidelity Management & Research (Hong Kong) Ltd.as of 31 Dec 2023715.08k0.79%
Axis Asset Management Co. Ltd.as of 29 Feb 2024680.27k0.75%
Strategic Advisers LLCas of 31 Jan 2024303.55k0.34%
Dimensional Fund Advisors LPas of 07 Mar 2024295.85k0.33%
Tata Asset Management Ltd.as of 15 Mar 2024249.94k0.28%
Norges Bank Investment Managementas of 31 Dec 2023228.33k0.25%
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Data from 31 Dec 2023 - 15 Mar 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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