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

SOLARINDS's revenue projections indicate a decrease from the prior year, which may make investors hesitant. A revenue decline could harm the company's bottom line, prompting investors to be more careful, as lower earnings often signal potential issues with profitability and future performance.

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

SOLARINDS's current ratio, being 1.952, means the company is well-positioned to meet its short-term debt obligations. This reflects SOLARINDS's strong liquidity, as its cash reserves and current assets provide more than enough coverage for its immediate liabilities.
SOLARINDS's high forward PE ratio indicates potential overvaluation, which could restrict future price growth and increase the risk of a correction. It's crucial to consider this metric in tandem with other fundamental data to fully assess the stock's outlook.
SOLARINDS's low Debt-to-Equity ratio highlights its minimal reliance on debt, showing that the company is not over-leveraged. This contributes to lower financial risk and greater stability, giving SOLARINDS a stronger position in managing its financial obligations.
Positive earnings and revenue growth for Solar Industries India Limited point to expected business expansion. The company is projected to continue growing its operations, as increasing profits and sales highlight a strong trajectory for further growth in the future.
With positive gross and operating margins, SOLARINDS demonstrates strong profitability. This reflects the company's ability to manage costs and maintain healthy profits, showcasing effective operational efficiency and financial stability.
Solar Industries India Limited's forward EPS being lower than its trailing EPS indicates that the company's earnings are projected to decrease. This suggests that Solar Industries India Limited may struggle to maintain profitability at previous levels, potentially affecting its financial outlook.

Price projections:

Price projections for SOLARINDS
Price projections for SOLARINDS

Price projections for SOLARINDS have been revised upward over time, signaling increasing optimism about the company's future. This steady increase reflects a positive outlook for SOLARINDS's growth and market performance.

Recommendation changes over time:

Recommendations trend for SOLARINDS
Recommendations trend for SOLARINDS


Analysts have been favoring SOLARINDS with a buy bias recently, signaling a promising investment opportunity. This optimistic outlook may attract more investors, positioning SOLARINDS as a desirable option for those seeking to invest their money in a stable, profitable company with strong growth potential.