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 projected revenue decline from last year is likely to make investors cautious. Lower revenues often hurt a company's bottom line, leading investors to be concerned about the company's ability to maintain profitability and deliver strong financial results in the future.

Financial Ratios:

currentRatio 0.000000
forwardPE 75.464294
debtToEquity 30.728000
earningsGrowth 0.549000
revenueGrowth 0.381000
grossMargins 0.482110
operatingMargins 0.242830
trailingEps 124.490000
forwardEps 30.660000

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.
With positive earnings and revenue growth, SOLARINDS is on a path to expand its business. This strong financial performance suggests the company will continue to grow, as increasing profits and revenue highlight a healthy outlook.
SOLARINDS's positive gross and operating margins reflect its profitability and efficiency. These metrics demonstrate the company's ability to manage costs effectively while generating strong revenue, highlighting its solid financial health and operational effectiveness.
SOLARINDS's lower forward EPS compared to its trailing EPS indicates that the company may be less profitable in the upcoming year. This suggests a potential slowdown in earnings, which could be a sign of weaker financial performance ahead.

Price projections:

Price projections for SOLARINDS
Price projections for SOLARINDS

Over time, price projections for Solar Industries India Limited have been gradually revised upward, reflecting increasing optimism about the company's future performance. This trend suggests analysts are growing more confident in Solar Industries India Limited's ability to deliver strong results and achieve higher market value.

Recommendation changes over time:

Recommendations trend for SOLARINDS
Recommendations trend for SOLARINDS


Analysts are favoring SOLARINDS with a buy bias, highlighting the stock's potential as a solid investment. This recommendation might drive more investors to consider SOLARINDS as a secure and profitable option for their money, contributing to a broader positive sentiment in the market.