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 may be wary of SOLARINDS as its revenues are expected to fall below the prior year's levels. A revenue decrease often leads to concerns about profitability, as it is likely to affect the company's bottom line, prompting investors to take a more cautious approach.

Financial Ratios:

currentRatio 1.884000
forwardPE 54.094677
debtToEquity 16.425000
earningsGrowth 0.207000
revenueGrowth 0.214000
grossMargins 0.482070
operatingMargins 0.236370
trailingEps 145.570000
forwardEps 233.997150

SOLARINDS's current ratio being 1.884 shows it has more than enough assets to cover its short-term debts. The company's liquidity position is strong, with ample cash reserves available to meet its immediate financial obligations without strain.
Solar Industries India Limited's forward PE is elevated, which may cap future price gains and even lead to a price correction. This overvaluation risk highlights the importance of considering this metric carefully in combination with other fundamental indicators to evaluate the stock properly.
SOLARINDS's low Debt-to-Equity ratio suggests the company is minimally leveraged, with limited reliance on debt to finance its operations. This reduced financial risk positions the company for greater stability and financial health, appealing to investors who value conservative financial management.
Solar Industries India Limited's positive earnings and revenue growth indicate that the company is well-positioned for business expansion. This growth suggests a strong financial trajectory, with Solar Industries India Limited expected to continue increasing its profits and revenue in the coming periods.
SOLARINDS's positive gross and operating margins reflect its ability to generate profits from operations. These margins demonstrate efficient cost control and profitability, indicating strong financial health for the company.
Solar Industries India Limited's forward EPS being higher than its trailing EPS indicates that the company is expected to achieve greater profitability this financial year. This suggests improving earnings and a stronger financial position compared to the previous year's performance.

Price projections:

Price projections for SOLARINDS
Price projections for SOLARINDS

Over time, price projections for SOLARINDS have risen steadily, pointing to growing optimism among analysts about the company's future. This upward trend suggests a positive outlook for SOLARINDS's continued growth.

Recommendation changes over time:

Recommendations trend for SOLARINDS
Recommendations trend for SOLARINDS


The analysts' recent buy bias for SOLARINDS indicates strong confidence in the stock's future performance. This could encourage more investors to view SOLARINDS as a worthwhile investment, positioning the company as a top choice for those seeking financial security and long-term growth opportunities.