Solar Industries India share price
NSE: SOLARINDSBSE: 532725Chemicals & PetrochemicalsLarge Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹19,010.00.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹1,66,185 Cr73rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 13 Aug 2026
- 83.5
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 15 May 2026
- 26.5
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.06%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 13 Aug 2026
- 37.3%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 13 Aug 2026
- 35.3%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 15 May 2026
- 0.22
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 1,30,05637.2% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 13 Aug
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹3,668 Crup 20.16%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹666 Crup 19.84%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 18.2%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2018, GST replaced excise duty on 1 Jul 2017, and revenue before that day includes the duty.
| ₹ crore | Sep 2024Filed 14 Nov | Dec 2024Filed 6 Feb | Mar 2025Filed 12 Jun | Jun 2025Filed 7 Aug | Sep 2025Filed 10 Nov | Dec 2025Filed 3 Feb | Mar 2026Filed 15 May | Jun 2026Filed 13 Aug |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,716 | 1,973 | 2,167 | 2,154 | 2,082 | 2,548 | 3,053 | 3,668 |
| Net profit | 304 | 338 | 346 | 353 | 362 | 467 | 556 | 666 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 17.7% | 17.1% | 16.0% | 16.4% | 17.4% | 18.3% | 18.2% | 18.2% |
Business segments
In the year to Mar 2026 the company reports one business segment, Manufacturing of Explosives and Inititaing System, which carries all its revenue.
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2018: days before it are of the company before the change.PE ratio and valuation history
At or below today's level on 81% of 2,293 trading days over the last 10 years.
At or below today's level on 80% of 1,978 trading days since Oct 2018.
At or below today's level on 70% of 1,849 trading days since May 2019.
At or below today's level on 5% of 2,404 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +7.5% | +38.7% | −22.6% | 0.1% |
| 3 years | +47.2% | +30.4% | +12.9% | 0.1% |
| 5 years | +56.7% | +43.4% | +9.2% | 0.2% |
Mutual funds holding it
309 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 138 of the 188 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 5 more funds filed their first portfolio on record, holding it.Mutual fund holdings
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 7
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 5
- AddedAdded. Funds that held more shares than at the end of the month before.
- 89
- CutCut. Funds that held fewer shares than at the end of the month before.
- 99
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 104
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end.
- 8
| Fund | |||
|---|---|---|---|
 SBI Aggressive Hybrid FundSBI Mutual Fund | 17,75,495 | 4.06% | ₹3,497.7 Cr |
| SBI Focused FundSBI Mutual Fund | 11,00,000 | 4.32% | ₹2,167.0 Cr |
 Kotak Flexi Cap FundKotak Mahindra Mutual Fund | 10,00,000 | 3.71% | ₹1,970.0 Cr |
| Kotak Mid Cap FundKotak Mahindra Mutual Fund | 8,13,415 | 2.41% | ₹1,602.4 Cr |
 HDFC Defence FundHDFC Mutual Fund | 6,00,000 | 10.28% | ₹1,182.0 Cr |
 Motilal Oswal Nifty India Defence Index FundMotilal Oswal Mutual Fund | 3,28,470 | 11.91% | ₹647.1 Cr |
 Axis Midcap FundAxis Mutual Fund | 3,15,883 | 1.86% | ₹622.3 Cr |
| Motilal Oswal Large and Midcap FundMotilal Oswal Mutual Fund | 2,44,100 | 2.42% | ₹480.9 Cr |
 Canara Robeco Large and Mid Cap FundCanara Robeco Mutual Fund | 2,41,215 | 1.93% | ₹475.2 Cr |
 Edelweiss Mid Cap FundEdelweiss Mutual Fund | 2,03,930 | 2.09% | ₹401.7 Cr |
Peers and competitors
Chemicals & Petrochemicals, 271 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Solar Industries India in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 Pidilite IndustriesPIDILITIND | 1,51,528 | 57.2 | 14.0 | 40.1 | +14.1% | +21.4% | 25.7% | 30.3% | 0.77% |
 SRFSRF | 68,474 | 30.0 | 4.5 | 18.4 | +19.7% | +41.1% | 16.0% | 15.1% | 0.43% |
 Linde IndiaLINDEINDIA | 48,812 | 89.3 | 11.4 | 53.4 | +10.4% | +21.9% | 13.5% | 15.7% | 0.21% |
 Gujarat FluorochemicalsFLUOROCHEM | 46,534 | 75.7 | 5.9 | 35.2 | +9.5% | −1.1% | 8.1% | 9.8% | 0.07% |
 Navin Fluorine InternationalNAVINFLUOR | 39,346 | 49.8 | 9.9 | 32.9 | +42.4% | +122.7% | 23.9% | 20.7% | 0.20% |
 Himadri Speciality ChemicalHSCL | 24,825 | 29.0 | 4.8 | 23.3 | +25.3% | +30.3% | 18.6% | 15.9% | 0.16% |
 Deepak NitriteDEEPAKNTR | 19,733 | 25.2 | 3.4 | 15.8 | +7.1% | +29.2% | 14.0% | 14.8% | 0.52% |
 Aether IndustriesAETHER | 18,750 | – | 7.6 | 50.0 | +33.8% | – | – | 10.7% | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.| Ex-date | Type | Per share |
|---|---|---|
| 28 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹11.00 |
| 8 Jul 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹10.00 |
| 4 Jul 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹8.50 |
| 9 Jun 2023 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹8.00 |
| 27 May 2022 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹7.50 |
| 18 Aug 2021 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹6.00 |
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
15 Oct · Business
Sep 2026
29 Sep · Business
23 Sep · Rating
22 Sep · Rating
Solar Industries India share price by year
Each calendar year to 2025.Solar Industries India share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 12,252.00 | +25.2% | 17,598.00 | 8,609.20 |
| 2024 | 9,783.30 | +45.4% | 12,362.15 | 6,341.90 |
| 2023 | 6,727.50 | +53.4% | 7,390.50 | 3,543.85 |
| 2022 | 4,384.55 | +81.1% | 4,384.55 | 2,208.70 |
| 2021 | 2,421.55 | +121.4% | 2,861.40 | 1,093.10 |
| 2020 | 1,093.95 | +3.2% | 1,294.45 | 850.80 |
| 2019 | 1,060.35 | −2.6% | 1,262.55 | 937.80 |
| 2018 | 1,088.50 | −7.8% | 1,281.00 | 945.10 |
| 2017 | 1,180.15 | +74.9% | 1,189.15 | 680.60 |
| 2016 | 674.90 | −4.2% | 736.75 | 594.20 |
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 19,020.00 | 19,043.00 | 18,127.00 | 18,365.00 | 18,381.50 | 1,30,056 | 37.2% |
| 22 Oct 2026 | 19,102.00 | 19,130.00 | 18,569.00 | 19,010.00 | 18,880.97 | 1,36,648 | 29.2% |
| 21 Oct 2026 | 19,803.00 | 19,847.00 | 19,009.00 | 19,259.00 | 19,305.50 | 1,52,199 | 49.1% |
| 19 Oct 2026 | 20,048.00 | 20,086.00 | 19,700.00 | 19,803.00 | 19,869.19 | 91,543 | 44.3% |
| 16 Oct 2026 | 19,959.00 | 20,241.00 | 19,881.00 | 20,011.00 | 20,047.74 | 96,051 | 44.9% |
| 15 Oct 2026 | 20,100.00 | 20,265.00 | 19,866.00 | 19,866.00 | 20,032.90 | 1,32,606 | 47.6% |
| 14 Oct 2026 | 20,120.00 | 20,349.00 | 20,020.00 | 20,170.00 | 20,173.43 | 1,16,122 | 41.0% |
| 13 Oct 2026 | 20,394.00 | 20,398.00 | 19,961.00 | 20,087.00 | 20,115.93 | 95,873 | 35.4% |
| 12 Oct 2026 | 20,050.00 | 20,367.00 | 19,925.00 | 20,334.00 | 20,151.50 | 1,27,193 | 35.6% |
| 9 Oct 2026 | 19,890.00 | 20,060.00 | 19,787.00 | 20,000.00 | 19,939.64 | 93,913 | 39.0% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 13 Jul 2016 | Split | 0.2000 | Each share became 5. |
About Solar Industries India
Solar Industries India Limited makes industrial explosives, initiating systems, defence products and advanced technologies. Its products and solutions reach customers in more than 90 countries, and it serves mining, infrastructure and defence customers.
The industrial range includes packaged explosives, bulk explosives, detonators, detonating cord, cast boosters, shocktubes and electronic detonators. In defence, it makes rockets, multi-mode hand grenades and the Nagastra-1 loitering munition. It has supplied 30mm ammunition to the Indian Navy, and it has delivered Nagastra-1 to the Indian Army. It also makes propellants and ignitors, runs a TNT plant and produces solid propellant boosters for BrahMos missiles. Solar Defence and Aerospace Limited became the first private-sector company in India to dispatch Pinaka Enhanced MK-I rockets to the Indian Army. The company also holds land in the MIHAN special economic zone in Nagpur for developing and manufacturing UAVs, robotics platforms and defence technologies.
The company runs more than 40 manufacturing facilities, with plants in countries including Turkey, Ghana, Tanzania, Indonesia, Zambia, Nigeria, Zimbabwe and Kazakhstan. Its registered office is in Nagpur, and it has 15,727 employees.
It was incorporated in 1995. It began with production of packaged explosives, bulk explosives and detonators, later added detonating cord, cast boosters and shocktubes, and ventured into defence. Its shares are listed on the BSE and NSE. Satyanarayan Nuwal is the founder and chairman.
- Legal name
- Solar Industries India Limited
- NSE symbol
- SOLARINDS
- BSE code
- 532725
- ISIN
- INE343H01029
- Industry
- Chemicals & Petrochemicals
- Listed
- Apr 2006
- Face value
- ₹2
- Former symbols
- SOLAREX
- CIN
- L74999MH1995PLC085878
- Corporate identity number, the registrar of companies' code for it