NSE SOLARINDS · BSE 532725 · Chemical Manufacturing · NIFTY 500

Solar Industries India Share Price

Market closed · NSE price as of Thu 24 Sep, 10:24 AM IST
₹19,480.00 ▼ −₹204.72 · 1.04%
Day range · 24 Sep
₹19,463.05Low₹19,856.45High
52-week range
₹11,641.10Low · 18 Dec 2025₹22,630.05High · 15 Sep 2026

Solar Industries India Overview

Where the price stands, how it has moved and how it sits against its averages.

Solar Industries India shares last traded at ₹19,480.00 on the NSE, down 1.04% on the day. That is 13.9% below the 52-week high of ₹22,630.05 and 67.3% above the 52-week low of ₹11,641.10. The stock trades at 88.68× earnings, above the sector average of 20.26. Its market value is ₹1,76,591 Cr.

Price returns

1 Day▼ −1.04%
1 Week0.00%
This month▼ −1.88%
3 Months▲ +10.45%
6 Months▲ +53.06%
This year▲ +61.03%
1 Year▲ +38.80%

Against the market: 1 Month ▲ +1.64% · 3 Months ▲ +13.64% · 6 Months ▲ +53.98% · This year ▲ +83.40% · 1 Year ▲ +52.29%

Shading grows with the size of the move. We ask our data provider for a newer price every 15 minutes while the market is open (9:15 AM–3:30 PM IST); next check from Thu 15 Oct, 9:15 AM. Its quotes are not real-time — the time at the top shows how current the price is.

Moving averages — price is above 3 of 6

  1. 20-day average₹20,534.25 ▼ price 5.1% below
  2. 10-day average₹20,414.50 ▼ price 4.6% below
  3. 50-day average₹19,573.36 ▼ price 0.5% below
  4. Today's price₹19,480.00
  5. 5-day average₹19,085.00 ▲ price 2.1% above
  6. 100-day average₹18,598.80 ▲ price 4.7% above
  7. 300-day average₹15,944.32 ▲ price 22.2% above

Each average is the mean closing price over that many trading days; averages above the current price sit higher on the ladder.

Solar Industries India Financial Results

Revenue and net profit in ₹ crore, with the full statements underneath.

Revenue₹ crore
9,838
Net profit₹ crore · losses below zero
1,678

Year by year

Fiscal yearRevenueGrowthNet profitNet marginEPSDividend
FY 2026 ₹9,838 Cr ▲ +30.5% ₹1,678 Cr 17.1% ₹185.39 ₹11.00
FY 2025 ₹7,540 Cr ▲ +24.2% ₹1,209 Cr 16.0% ₹133.65 ₹10.00
FY 2024 ₹6,070 Cr ▼ −12.3% ₹836 Cr 13.8% ₹92.38 ₹8.50
FY 2023 ₹6,923 Cr ▲ +75.4% ₹757 Cr 10.9% ₹83.68 ₹8.00
FY 2022 ₹3,948 Cr ▲ +56.9% ₹441 Cr 11.2% ₹48.77 ₹7.50
FY 2021 ₹2,516 Cr ▲ +12.4% ₹276 Cr 11.0% ₹30.54 ₹6.00
FY 2020 ₹2,237 Cr — ₹267 Cr 12.0% ₹29.55 ₹6.00

Balance sheet — FY26

Owes (liabilities)Shareholders' equity
43%
57%
  • Total assets₹10,919 Cr
  • Total liabilities₹4,641 Cr
  • Shareholders' equity₹6,277 Cr
  • Total debt₹1,526 Cr
  • Cash & investments₹480 Cr
  • Current ratio2.06×
  • Revenue growth, 5 yr31.36% a year
  • EPS growth, 5 yr43.43% a year
  • Operating margin (TTM)24.91%
  • Net margin (TTM)18.06%

Cash flow — FY26

Operating activities
▲ ₹574 Cr
Investing activities
▼ −₹1,164 Cr
Financing activities
▲ ₹209 Cr
Free cash flow
▼ −₹1,165 Cr
Net change in cash
▼ −₹121 Cr

Right of the line = cash coming in, left = cash going out. Free cash flow = cash from operations minus capital spending.

Full financial statements, FY20–FY26
₹ croreFY20FY21FY22FY23FY24FY25FY26
Total revenue2,237.302,515.633,947.616,922.536,069.527,540.269,837.74
Cost of revenue1,260.161,392.242,387.124,380.043,230.683,952.574,960.31
Gross profit977.141,123.391,560.492,542.492,838.843,587.694,877.43
Operating expenses1,887.242,091.793,262.315,681.374,674.655,760.317,466.80
Operating income350.06423.84685.301,241.161,394.871,779.952,370.94
Depreciation85.0993.69109.31128.26143.38181.50251.22
Profit before tax335.80397.10607.421,101.581,161.281,738.742,365.22
Tax57.13109.03151.95290.41286.05450.81628.58
Net profit267.43276.35441.28757.19835.931,209.441,677.55
EPS (₹)29.5530.5448.7783.6892.38133.65185.39
Dividend per share (₹)6.006.007.508.008.5010.0011.00

Solar Industries India vs Peers

Side by side with other chemical manufacturing companies. The small bars compare each column.

CompanyPriceChangeMarket capP/EP/BROE (5 yr)Net marginDiv. yield
Solar Industries India This stock ₹19,480.00 ▼ −1.04% ₹1,76,591 Cr 88.68 28.08 30.43% 18.06% 0.06%
Asian Paints ₹2,398.60 ▼ −2.22% ₹2,30,073 Cr 58.09 12.06 24.22% 12.35% 1.02%
Pidilite Industries ₹1,530.00 ▼ −3.53% ₹1,55,736 Cr 64.76 14.71 21.84% 16.92% 0.73%
SRF ₹2,528.85 ▼ −0.44% ₹74,961 Cr 44.57 6.07 15.85% 11.62% 0.31%
Linde India ₹6,200.00 ▼ −1.40% ₹52,876 Cr 110.53 14.22 — 21.69% 0.06%
Coromandel International ₹1,940.00 ▼ −0.80% ₹57,264 Cr 29.55 4.77 21.10% 6.03% 0.54%

Peer prices and ratios as last reported by the data provider. Company names link to their own pages.

Shareholding Pattern

Who owns Solar Industries India shares, quarter by quarter (latest on top).

PromoterFIIMFOther
Jun '26
73.2%
12.3%
Mar '26
Dec '25
Sep '25
HolderSep '25Dec '25Mar '26Jun '26Change
Promoter73.15%73.15%73.15%73.15% 0.00 pts
FII7.11%6.74%6.59%6.39% ▼ −0.20 pts
MF11.70%11.96%11.93%12.25% ▲ +0.32 pts
Other8.04%8.15%8.33%8.21% ▼ −0.12 pts

Solar Industries India Key Metrics

Each ratio placed against a benchmark — the sector average, the company's own 5-year average, or a common rule of thumb.

Solar Industries IndiaBenchmarkRule-of-thumb bands

Valuation The price against earnings, book value and sales

P/E (TTM)Price ÷ yearly earnings per share
88.68
▲ 338% above the sector average of 20.26
P/E, 12-month rangeLow 43.15 · high 126.22
55%
Today's P/E sits 55% of the way from its low to its high
P/BPrice ÷ book value per share
28.08
P/SMarket cap ÷ last 12 months' revenue
15.56
P/CFPrice ÷ cash flow per share
76.79
PEGP/E ÷ earnings growth rate
2.95

Profitability Of every ₹100 of sales, how much is kept?

Gross marginKept after the cost of goods
50.60%
▲ above its 5-yr average of 44.90%
Operating marginKept after running costs
24.91%
▲ above its 5-yr average of 21.77%
Pre-tax marginKept before tax
24.63%
▲ above its 5-yr average of 20.32%
Net marginKept as profit
18.06%
▲ above its 5-yr average of 15.05%

Returns & efficiency How well does it use its money?

Return on equityProfit on shareholders' money
31.38%
▲ above its 5-yr average of 30.43%
Return on assetsProfit on everything it owns
18.07%
▲ above its 5-yr average of 17.35%
Return on investmentProfit on long-term capital
24.42%
▼ below its 5-yr average of 24.51%
Return on capital employedProfit before interest and tax on equity + debt
36.02%

Growth Is the business getting bigger?

Revenue — last 12 months
+41.7%
▲ growing (off the scale)
Revenue — 3 yr, a year
+12.4%
▲ growing
Revenue — 5 yr, a year
+31.4%
▲ growing (off the scale)
Net profit — 3 yr, a year
+30.4%
▲ growing (off the scale)
Net profit — 5 yr, a year
+43.4%
▲ growing (off the scale)
EPS — last 12 months
+57.8%
▲ growing (off the scale)
EPS — 3 yr, a year
+30.4%
▲ growing (off the scale)
EPS — 5 yr, a year
+43.4%
▲ growing (off the scale)
Dividend — 3 yr, a year
+11.2%
▲ growing
Book value — 5 yr, a year
+31.8%
▲ growing (off the scale)

Financial strength Can it pay its bills and debts?

Debt to equityBorrowings for every ₹1 of shareholders' money
0.24×
✓ Low debt
Current ratioShort-term assets for every ₹1 due within a year
2.06×
✓ Comfortable
Quick ratioLike the current ratio, without inventory
1.19×
✓ Comfortable
Interest coverOperating profit ÷ interest to pay
225.55×
✓ Strong
Payout ratioShare of profit paid as dividend
5.93%
• Keeps most

Per share What each share stands for

EPS (TTM)
₹220.05
Book value
₹693.61
Cash flow
₹256.92
Dividend
₹11.00
Revenue
₹1,254.36

The share price is 28.08× the book value behind each share.

Benchmarks: sector averages and 5-year averages come from the data provider; the debt and liquidity bands are common rules of thumb, not investment advice.

All 110 metrics from the data provider

Valuation

P/E excluding extraordinary items, most recent fiscal year106.43
Current Dividend Yield - Common Stock Primary Issue, LTM0.06
Price to Book - most recent fiscal year28.44
P/E Basic excluding extraordinary items - TTM84.96
P/E including extraordinary items - TTM89.66
P/E excluding extraordinary items low, trailing 12 months43.15
Price to Tangible Book - most fiscal year29.71
Dividend Yield - 5 Year Average0.12
Price to sales - most recent fiscal year18.15
Dividend Yield - indicated annual dividend divided by closing price0.06
Price to Cash Flow per share - trailing 12 month76.79
Peg Ratio2.95
P/E Normalized, most recent fiscal year101.31
P/E excluding extraordinary items high, trailing 12 months126.22
P/E excluding extraordinary items, most recent fiscal year quarter89.66
Price to sales - trailing 12 month15.73
Net Debt, LFY10,456.30

Per share

Dividend Per Share - 5 year average9.00
Cash Flow per share - trailing 12 month256.92
Cash Flow per share - most recent fiscal year219.68
EPS including extraordinary items - trailing 12 month220.05
EPS including extraordinary items - most recent fiscal year185.39
EBITD per share - trailing 12 month342.77
Revenue/share - trailing 12 month1,254.36
EPS excluding extraordinary items - trailing 12 month220.05
EPS Basic excluding extraordinary items - most recent fiscal year185.39
EPS Basic excluding extraordinary items - trailing 12 month220.05
Book value per share - most recent fiscal year693.69
Dividend per share - most recent fiscal year11.00
Revenue/share - most recent fiscal year1,087.16
EPS Normalized - most recent fiscal year194.75
Book value (tangible) per share - most recent fiscal year664.05
Dividends per share - trailing 12 month11.00
EPS excluding extraordinary items - most recent fiscal year185.39
Cash per share - most recent fiscal year53.09

Margins

Operating margin - trailing 12 month24.91
Gross Margin - 5 year average44.90
Operating margin - 1st historical fiscal year24.10
Operating Margin - 5 year average21.77
Net Profit Margin % - 1st historical fiscal year17.65
Gross Margin - 1st historical fiscal year49.58
Net Profit Margin % - trailing 12 month18.06
Net Profit Margin - 5 year average15.05
Pretax Margin - 5 year average20.32
Pretax margin - 1st historical fiscal year24.04
Pretax margin - trailing 12 month24.63
Free Operating Cash Flow/Revenue, 5 Year Average2.54
Gross Margin - trailing 12 month50.60

Growth

EPS Change %, TTM over TTM57.83
Revenue growth rate, 5 year31.36
EPS growth rate, 5 year43.43
Revenue Change % - most recent quarter 1 year ago70.26
Growth rate% - dividend, 3 year11.20
Growth rate% - EPS, 3 year30.36
Revenue/share (5 yr growth)31.36
Tangible Book Value, Total Equity, 5 Year CAGR31.59
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year Interim CAGR39.02
Capital Spending growth rate, 5 year45.69
Revenue Change %, TTM over TTM41.72
Growth rate% - Revenue, 3 year12.43
Book value per share growth rate, 5 year31.78
EPS Change % - most recent quarter 1 year ago92.65
Net Profit Margin growth rate, 5 year9.04
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR37.66
Total Debt, 5 Year CAGR13.57

Financial strength

Net Interest coverage - most recent fiscal year225.55
Free Cash Flow - most recent fiscal year−12,555.20
LT debt/equity - most recent fiscal year0.14
Quick ratio - most recent fiscal year1.19
Payout ratio - trailing 12 month5.00
Current ratio - most recent fiscal year2.06
Current EV/Free Cash Flow, LFY1,136.59
Total debt/total equity - most recent fiscal year0.24
Net Interest coverage - trailing 12 month20.36
Payout ratio - most recent fiscal year5.93

Returns & efficiency

Return on average equity - 5 year average30.43
Net Income/employee - trailing 12 month87,21,310.00
Revenue/employee - most recent fiscal year4,13,87,210.00
Return on investment - most recent fiscal year24.42
Return on average assets - most recent fiscal year18.07
Receivables turnover - most recent fiscal year6.33
Inventory turnover - most recent fiscal year2.98
Revenue/employee - trailing 12 month4,82,83,670.00
Return on average assets - 5 year average17.35
Net Income/employee - most recent fiscal year73,06,016.00
Asset turnover - most recent fiscal year1.02
Return on average equity - most recent fiscal year31.38
Return on investment - 5 year average24.51

Price & volume

Market Cap1,76,591.35
52 week Low Date18 Dec 2025
Price - 1 Day % Change−0.80
Relative (S&P500) price percent change - 13 week13.64
Avg trading volume last 10 days0.35
Price - 13 week price percent change10.45
Price - 52 week price percent change38.80
Avg Trading Volume Last 3 months3.80
Price - 5 Day % Change4.39
Price % Change Month To Date−1.88
Relative (S&P500) price percent change - 04 week1.64
52 week High Date15 Sep 2026
Price - 26 week price percent change53.06
PDATE23 Sep 2026
Price - YTD price percent change61.03
Relative (S&P500) price percent change - 52 week52.29
NPRICE19,730.00
Relative (S&P500) price percent change - 26 week53.98
52 week Low11,646.00
52 week High22,700.00
Beta0.95
Relative (S&P500) price percent change - Year to Date83.40

Dividends & Corporate Events

Payouts to shareholders, splits and bonus issues, and company meetings — newest first.

Dividend per share₹ per share, by fiscal year
₹11.00
  • Dividend yield0.06%
  • Payout ratio5.93%
  • 5-year average dividend₹9.00 a share
  • Latest dividend₹11.00 per share · 28 Jul 2026

Corporate calendar

  • BoardQuarterly Results
  • MeetingAnnual General Meeting
  • Dividend₹11.00 per share · 550% · Final dividend
  • BoardAudited Results & Final Dividend
  • MeetingPostal Ballot
  • BoardQuarterly Results
  • MeetingPostal Ballot
  • BoardQuarterly Results
Show 12 older events
  • BoardQuarterly Results
  • MeetingAnnual General Meeting
  • Dividend₹10.00 per share · 500% · Final dividend
  • BoardAudited Results & Final Dividend
  • BoardQuarterly Results
  • BoardQuarterly Results
  • MeetingAnnual General Meeting
  • Dividend₹8.50 per share · 425% · Final dividend
  • MeetingPostal Ballot
  • Dividend₹8.00 per share · 400% · Final dividend
  • Dividend₹7.50 per share · 375% · Final dividend
  • Dividend₹6.00 per share · 300% · Final dividend

About Solar Industries India

Chemical Manufacturing

Solar Industries India Limited is an India-based integrated global explosives company. The Company is primarily involved in the manufacturing of complete range of industrial explosives and explosive initiating devices. Its segment is Explosives and its accessories. The Company's products include industrial explosives and defense. Its industrial explosives products include packaged emulsion explosives, bulk explosives and explosive initiating systems. Its industrial explosives include superpower 90, solargel, solar prime, solar prime gold, Eco Power, and others. The Company's defense products include high energy materials, such as HMX, RDX, TNT and their compounds; composite propellants for Pinaka, Akash, Brahmos, PSOMXL and Skyroot, among others; 30 mm ammunition, multi-mode hand grenade, mines, warheads, bund blasting device; artillery fuses, ASW fuses, Pyros and igniters; chaff payloads; loitering munition; rocket integration, and explosives filling of ammunition.

Key people

  • Manish Satyanarayan NuwalChief Executive Officer, Managing Director, Executive Director
  • Moneesh AgrawalJoint Chief Financial Officer
  • Shalinee MandhanaJoint Chief Financial Officer
  • Khushboo Anish PasariCompliance Officer, Company Secretary
  • Milind DeshmukhWhole Time Director
  • Suresh MenonWhole Time Director

Company facts

  • NSE symbolSOLARINDS
  • BSE code532725
  • ISININE343H01029
  • IndustryChemical Manufacturing
  • IndexNIFTY 500
  • Market cap₹1,76,591 Cr
  • Revenue (FY26)₹9,838 Cr
  • Net profit (FY26)₹1,678 Cr

In the News

Recent headlines about Solar Industries India — they open on Mint in a new tab.

Stock data comes from the exchange feed via our data provider. It is not real-time and can be delayed, so check the price with your broker before you trade. This page is for information and education only. It is not investment advice, research or a recommendation to buy, sell or hold any security. Investments in the securities market are subject to market risks; read all related documents carefully before investing. See all stocks →

Frequently Asked Questions

Solar Industries India (NSE: SOLARINDS) last traded at ₹19,480.00 on the NSE, down 1.04% (₹204.72) on the day, as of 24 Sep 2026, 10:24 AM IST. On the BSE it was ₹19,515.00. The day's range was ₹19,463.05 – ₹19,856.45.

Solar Industries India's 52-week high is ₹22,630.05 (15 Sep 2026) and its 52-week low is ₹11,641.10 (18 Dec 2025). At ₹19,480.00 the share is 13.9% below its high and 67.3% above its low.

Solar Industries India's market capitalisation is ₹1,76,591 Cr (₹1.77L Cr). It is part of the NIFTY 500 index.

Solar Industries India's P/E ratio (trailing 12 months) is 88.68. The sector average is 20.26, so investors pay 338% more for each rupee of its earnings than for the average company in its sector. Its earnings per share (TTM) are ₹220.05.

Solar Industries India shares are up 38.80% over the last year, up 61.03% so far this year, up 53.06% over 6 months, up 10.45% over 3 months. Over the last year the stock did 52.29% better than the market.

In FY26 (year to Mar 2026), Solar Industries India reported revenue of ₹9,838 Cr (up 30.47% on the year before) and a net profit of ₹1,678 Cr. Earnings per share were ₹185.39.

Yes. Solar Industries India's latest dividend is ₹11.00 per share (550%, final dividend), with an ex-date of 28 Jul 2026. The dividend yield is 0.06%. It has paid 6 dividends in the records shown on this page.

As of Jun 2026: Promoter 73.15%, FII 6.39%, MF 12.25%, Other 8.21%.

Solar Industries India's listed peers in Chemical Manufacturing include Asian Paints, Pidilite Industries, SRF, Linde India, Coromandel International. By market capitalisation it ranks #2 of 6 in this group.

No. Solar Industries India has debt — its debt-to-equity ratio is 0.24 and total debt was ₹1,526 Cr in FY26. Its operating profit covers interest 225.55 times.