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

Investors are expected to be cautious with Solar Industries India Limited, as its revenues are projected to fall compared to last year. A decline in revenue often results in a negative impact on profitability, prompting concerns about the company's financial stability and making investors more conservative in their approach.

Financial Ratios:

currentRatio 1.95200
forwardPE 62.03107
debtToEquity 21.49100
earningsGrowth 0.37100
revenueGrowth 0.34500
grossMargins 0.47359
operatingMargins 0.21788
trailingEps 134.28000
forwardEps 30.66000

The current ratio for SOLARINDS is 1.952, indicating that the company can service its short-term debt using available cash and assets. This suggests SOLARINDS has strong liquidity, with more than enough resources to meet its immediate financial commitments.
SOLARINDS's forward PE is elevated, which could constrain price appreciation and lead to a correction. Investors should consider this parameter in conjunction with other fundamentals to fully assess whether the stock is priced fairly.
SOLARINDS's low Debt-to-Equity ratio demonstrates that the company maintains a healthy balance between equity and debt, avoiding over-leverage. This suggests a low-risk financial profile, giving investors confidence in the company's stability and ability to manage its financial commitments.
Solar Industries India Limited's positive earnings and revenue growth indicate that the company is on track to expand its business. This growth suggests a strong financial outlook, with increasing profits and sales positioning Solar Industries India Limited for continued success in the market.
With positive gross and operating margins, Solar Industries India Limited demonstrates its profitability and efficiency. These metrics show that the company is managing costs well while generating strong revenue, highlighting robust financial health.
SOLARINDS's lower forward EPS compared to trailing EPS suggests the company's earnings are expected to decline. This indicates that SOLARINDS may be less profitable in the upcoming year, raising questions about its financial trajectory.

Price projections:

Price projections for SOLARINDS
Price projections for SOLARINDS

Price projections for SOLARINDS have consistently been revised upward, suggesting that analysts are increasingly optimistic about the company's performance. This trend reflects a positive outlook for SOLARINDS's future.

Recommendation changes over time:

Recommendations trend for SOLARINDS
Recommendations trend for SOLARINDS


SOLARINDS has been receiving a buy bias from analysts, indicating confidence in its investment potential. This could drive more investors to view SOLARINDS as a reliable choice for their money, offering a promising avenue for future growth and financial gains.