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

Solar Industries India Limited is projected to see lower revenues than in the previous year, a trend that usually concerns investors. Declining revenues often harm a company's profitability, leading investors to exercise caution as they weigh the potential risks of continued financial downturns.

Financial Ratios:

currentRatio 1.884000
forwardPE 57.715515
debtToEquity 16.425000
earningsGrowth 0.207000
revenueGrowth 0.214000
grossMargins 0.482070
operatingMargins 0.236370
trailingEps 145.940000
forwardEps 30.660000

Solar Industries India Limited's current ratio being 1.884 suggests the company will have no issues paying off its short-term debt. With sufficient cash reserves and current assets, Solar Industries India Limited can easily cover its immediate liabilities, reflecting solid financial health.
SOLARINDS's high forward PE suggests the stock may be overvalued, which could prevent further price gains and lead to a correction. This parameter should be carefully evaluated in context with other fundamental data to ensure a balanced view.
SOLARINDS's low Debt-to-Equity ratio shows that the company avoids excessive reliance on debt, reducing financial risk. This suggests a more secure financial position with less vulnerability to debt-related risks, making SOLARINDS a stable and conservative investment.
Positive earnings and revenue growth for SOLARINDS 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.
SOLARINDS's positive gross and operating margins indicate strong financial performance. These margins show that the company is profitable and efficient in its operations, with effective cost control contributing to its overall financial success.
SOLARINDS's forward EPS is lower than its trailing EPS, signaling that the company is projected to experience reduced profitability this year. This suggests a downward trend in earnings, which could raise concerns among investors about SOLARINDS's financial outlook.

Price projections:

Price projections for SOLARINDS
Price projections for SOLARINDS

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

Recommendation changes over time:

Recommendations trend for SOLARINDS
Recommendations trend for SOLARINDS


A recent buy bias from analysts toward SOLARINDS may inspire confidence in investors, who could view the stock as a promising investment. This positive sentiment suggests that SOLARINDS might be an appealing option for those looking to grow their wealth through stock market investments.