Solar Industries India Limited
18,270.00
INR
-740.00
(-3.89%)
ISIN
INE343H01029
Return %
Stock
S&P 500
1Y
30.30
14.20
3Y
253.26
81.12
5Y
727.28
68.34
Capital Structure
INR
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in mil. unless spec.Working Capital
INR
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in mil. unless spec.Growth Rates
INR
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in mil. unless spec.Quarterly Revenue
INR
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Manish Satyanarayan Nuwal
- Full Time Employees
- 7,446
- Sector
- Process industries
- Industry
- Industrial specialties
- Address
- Solar House Nagpur MA India 440023
- IPO Date
- Mar 9, 2006
- Website
- solargroup.com
- Similar Companies
- Business
- Solar Industries India Limited (SOLARINDS.NS) manufactures and supplies a comprehensive range of industrial explosives, initiating systems, and defense products from its headquarters in Nagpur, India, where it was incorporated in 1995. The company produces bulk explosives, packaged emulsion explosives including brands such as Superpower 90, Solargel, Solar Prime, Solar Prime Gold, and Eco Power; initiating systems comprising electronic detonators, non-electric detonators, electric detonators, plain detonators, cord relays, cast boosters, detonating cords, and aluminum elemented detonators; high-energy materials like RDX, HMX, and TNT; and defense offerings such as composite propellants for Pinaka, Akash, Brahmos, PSOM-XL, and Skyroot systems, 30 mm ammunition, multi-mode hand grenades, mines, warheads, bund blasting devices, artillery fuses, ASW fuses, pyros and igniters, chaff payloads, loitering munitions including Nagastra-1, rocket integration, and explosives filling for ammunition. These products serve mining, infrastructure, construction, defense, and space sectors, with operations spanning over 50 countries including facilities in Nigeria, Zambia, Ghana, South Africa, Turkey, Tanzania, and Indonesia. In recent developments, Solar Industries secured a Rs 1,400 crore defense export order from international clients for delivery over four years as of November 2025, alongside a Rs 483 crore contract from South Eastern Coalfields Limited (SECL) for bulk explosives supply over two years, contributing to an order book exceeding Rs 16,800 crore including Rs 15,000 crore from defense. The company signed a memorandum of understanding (MoU) with the Government of Maharashtra for an Anchor Mega Defence & Aerospace Project in Nagpur valued at Rs 12,700-12,780 crore over 10 years, focusing on drones, UAVs, counter-drone systems, energetic materials, new-generation explosives, and military transport aircraft; it also plans Rs 2,500 crore capex for FY26 to expand product portfolios and capacities. Additional milestones include successful initial trials for counter-drone systems (Bhargavastra) and micro missiles, delivery of loitering munition Nagastra-1 to the Indian Army, the highest-ever Pinaka rocket order worth over Rs 6,000 crore pushing defense orderbook to Rs 11,000 crore, and crossing a market capitalization of Rs 1,00,000 crore.