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Sat, 15 Aug 2026
04:03:18 pm
Sat, 15 Aug 2026
04:03:18 pm
Rudransh Sangwan
Published at: August 13, 2026, 4:49 AM
Synopsis
Solar Industries India share price rises 2.73% as defence orders, industrial explosive demand and strong financial performance support momentum. Check valuation, stock returns, growth drivers and risks.
Solar Industries India Ltd shares were trading at around ₹18,993, with the supplied market data showing the stock up 2.73% on August 13, 2026. The stock has maintained strong momentum across longer periods, gaining 4.21% over one month, 41.29% over six months and 29.66% over one year. Over five years, Solar Industries India has delivered a return of 996.40%. The company has a market capitalisation of ₹1,71,866 crore and trades at a P/E of 98.5, while its ROCE stands at 38.1% and ROE at 32.6%. The stock is also trading close to its reported 52-week high of ₹19,187, compared with a low of ₹11,641.
Solar Industries India has exposure to both industrial explosives and defence products, with industrial explosives accounting for 72% of FY25 revenue, down from 91% in FY22. The company manufactures bulk and cartridge explosives, detonators and related products used in mining, infrastructure and construction, while its defence business includes high-energy explosives, ammunition filling, delivery systems and pyrotechnic fuses. The company's expanding defence order pipeline, domestic supply contracts and strong financial performance are supporting investor interest. Repeat orders from public sector customers such as Coal India provide industrial demand visibility, while defence and indigenous ammunition projects provide another growth avenue.
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Solar Industries India shares have gained 2.73% in the latest session based on the supplied data. The stock has also risen 2.83% over five days and 4.21% over one month. The six-month return stands at 41.29%, while the stock has gained 29.66% over one year. Its five-year return is particularly strong at 996.40%. At the supplied current price of ₹18,993, the company has a market capitalisation of ₹1,71,866 crore and a P/E ratio of 98.5. Its book value is ₹694, dividend yield is 0.06%, ROCE is 38.1% and ROE is 32.6%.
| Metric | Value |
|---|---|
| Current Price | ₹18,993 |
| 52 Week High | ₹19,187 |
| 52 Week Low | ₹11,641 |
| Market Cap | ₹1,71,866 Cr. |
| P/E | 98.5 |
| Book Value | ₹694 |
| Dividend Yield | 0.06% |
| ROCE | 38.1% |
| ROE | 32.6% |
Solar Industries India has expanded its presence in the defence sector alongside its established industrial explosives business. The company manufactures high-energy explosives, delivery systems, ammunition filling and pyrotechnic fuses for defence applications. Its defence pipeline includes indigenous ammunition and participation in domestic defence projects, while ongoing developments involving ammunition and rocket exports provide potential international growth. The supplied information does not provide the total value of the defence order book, so the size of the future revenue opportunity cannot be quantified from the available data.
Industrial explosives remain an important part of Solar Industries India's business, accounting for around 72% of FY25 revenue. The company supplies bulk explosives, packaged explosives and initiating systems for applications across mining, infrastructure, construction, defence and space. Large repeat orders from public sector customers such as Coal India provide recurring demand for its industrial explosives business. The supplied information does not provide the value or duration of the Coal India contracts, so their precise contribution to future revenue cannot be assessed.
Solar Industries India operates across industrial explosives and defence-related products. The shift in its revenue mix, with industrial explosives declining from 91% of revenue in FY22 to 72% in FY25, indicates a larger contribution from businesses outside traditional industrial explosives. The defence segment provides exposure to indigenous ammunition and other domestic defence programmes, while exports could expand the company's addressable market. Its industrial business remains supported by demand from mining and infrastructure activities, including repeat orders from public sector customers.
Solar Industries India has delivered strong returns across the periods provided. The stock gained 2.73% in one day, 2.83% over five days and 4.21% over one month. The six-month return is 41.29%, while the one-year return stands at 29.66%. Over five years, the stock has gained 996.40%. The current price of ₹18,993 is close to the reported 52-week high of ₹19,187, showing that the stock is trading near the upper end of its recent range.
| Period | Stock return |
|---|---|
| 1 Day | +2.73% |
| 5 Days | +2.83% |
| 1 Month | +4.21% |
| 6 Months | +41.29% |
| 1 Year | +29.66% |
| 5 Years | +996.40% |
Solar Industries India has a reported P/E of 98.5, making the stock's earnings valuation elevated. The company has a book value of ₹694 and is trading at a substantial premium to book value. At the same time, its ROCE of 38.1% and ROE of 32.6% indicate strong reported returns on capital and equity. Investors tracking the Solar Industries India share price should therefore assess whether future earnings growth can support the current valuation. Defence order execution, industrial explosives demand and the company's expanding product mix will remain important factors.
The main risk from the supplied information is the stock's high valuation, with a P/E of 98.5. A high earnings multiple can leave the share price sensitive to any slowdown in profit growth or delays in expected business expansion. The company also operates in industries where order execution and project timelines can influence revenue recognition. Investors should monitor the pace of defence order execution, industrial explosives demand and the contribution from newer defence-related products.
Solar Industries India continues to attract investor attention as its business combines an established industrial explosives operation with a growing defence portfolio. The stock's 996.40% five-year return reflects the strong long-term price performance, while the latest six-month gain of 41.29% shows continued momentum. The company's defence pipeline, indigenous ammunition activities and repeat industrial orders provide areas to monitor, while its P/E of 98.5 means earnings growth remains important for the current valuation. For investors tracking Solar Industries India stock, defence order execution, industrial demand, revenue mix and profitability will remain important factors in assessing the company's future performance.
Solar Industries India shares are gaining amid strong investor interest in the company's defence business, industrial explosives operations and expanding order pipeline. The stock was up 2.73% in the supplied market data.
Solar Industries India was trading at around ₹18,993 based on the supplied market data for August 13, 2026.
The reported 52-week high is ₹19,187, while the 52-week low is ₹11,641.
Solar Industries India manufactures industrial explosives, detonators, initiating systems and defence products. Its products are used across mining, infrastructure, construction and defence applications.
The defence business is an important growth area for the company, with activities covering high-energy explosives, ammunition filling, delivery systems and pyrotechnic fuses. The company is also involved in indigenous ammunition and defence projects.
Industrial explosives accounted for around 72% of FY25 revenue, compared with 91% in FY22.
The main growth areas include defence orders, indigenous ammunition projects, defence exports and industrial explosive demand from mining and infrastructure customers.
Solar Industries India has a reported P/E ratio of 98.5, which indicates an elevated earnings valuation.
The stock gained 2.73% in one day, 4.21% over one month, 41.29% over six months and 29.66% over one year. Its five-year return stands at 996.40%.
Investors should monitor defence order execution, industrial explosives demand, revenue mix, earnings growth and valuation, particularly because the stock is trading at a P/E of 98.5.
Financial journalist specializing in market analysis, stock research, and investment trends. Dedicated to providing accurate, timely insights for informed decision-making.
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