Overall Fundamental outlook

Business Operations:

Sector: Basic Materials
Industry: Specialty Chemicals

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 also provides defense products, including unmanned aerial systems and drones, ammunitions, military explosives, bombs and warheads, rockets, and drones armed with guided missiles, as well as counter drone systems and initiating systems and pyros comprising fuzes, detonators, ignitors, decoys and flares, and riot control 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. Solar Industries India Limited was founded in 1983 and is based in Nagpur, India.

Revenue projections:

Revenue projections for SOLARINDS
Revenue projections for SOLARINDS

With Solar Industries India Limited's revenues expected to fall below the previous year's, investors are likely to approach the stock with caution. Declining revenues can negatively affect profitability, which makes it harder for the company to maintain investor confidence and perform well in the market.

Financial Ratios:

currentRatio 2.057000
forwardPE 52.319057
debtToEquity 23.271000
earningsGrowth 0.700000
revenueGrowth 0.409000
grossMargins 0.502560
operatingMargins 0.261740
trailingEps 185.790000
forwardEps 333.110000

Solar Industries India Limited's current ratio, being 2.057, means the company is well-positioned to meet its short-term debt obligations. This reflects Solar Industries India Limited's strong liquidity, as its cash reserves and current assets provide more than enough coverage for its immediate liabilities.
With a forward PE that's too high, SOLARINDS may face limited future price growth and an increased risk of correction. It's important for investors to evaluate this alongside other fundamental parameters to get a fuller picture of the stock's valuation.
Solar Industries India Limited's low Debt-to-Equity ratio indicates that the company isn't over-leveraged, suggesting it maintains a healthy balance between debt and equity. This lowers financial risk and points to a stable financial foundation, reassuring investors of the company's financial health.
Solar Industries India Limited's positive earnings and revenue growth signal the company's business is on track for further expansion. These strong financial trends suggest that Solar Industries India Limited will continue to grow its operations, driven by increasing profits and revenue.
Positive gross and operating margins for SOLARINDS demonstrate the company's profitability. These margins reflect strong financial performance, with efficient operations contributing to the company's ability to generate consistent profits.
Solar Industries India Limited's forward EPS being higher than its trailing EPS points to expected growth in profitability. This suggests that the company is projected to perform better in the current financial year, with higher earnings forecasted compared to the previous year.

Price projections:

Price projections for SOLARINDS
Price projections for SOLARINDS

SOLARINDS's current valuation aligns with projections, revealing no significant risks or opportunities. This stable environment may lead investors to adopt a wait-and-see strategy, monitoring future developments closely.

Recommendation changes over time:

Recommendations trend for SOLARINDS
Recommendations trend for SOLARINDS


Analysts' buy bias toward SOLARINDS suggests the stock is seen as a solid investment, potentially motivating investors to consider it for their portfolios. With this positive outlook, SOLARINDS is likely to be viewed as a secure place to allocate funds, driving further interest in the stock.