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₹18,213

▼ -31.01 -0.17%

As of 27 Jul 2026 · delayed

NSE Listed

Solar Industries India Ltd. (SOLARINDS)

Volume: 55,539Avg Vol 1W: 75,862Avg Vol 1M: 1,28,651.7552W Range:₹11,646₹19,187
NSE BSE www.solargroup.com AI Report
Key Ratios
Checked 1d ago
Market Cap₹1,67,352 Cr
Current Price₹18,213
Previous Close₹18,244.01
High / Low (52w)₹19,187 / ₹11,646
Volume55,539
Avg Vol (1W)75,862
Avg Vol (1M)1,28,651.75
Stock P/E126.69
Book Value₹338.89
Dividend Yield—
ROE29.7%
ROA—
Revenue (TTM)₹7,611 Cr
Revenue Growth—
Profit Margin—
Total Debt₹381 Cr
Shares Outstanding—
Face Value₹2
EPS (TTM)₹88.74
P/B33.17
Debt / Equity0.1
50 DMA₹18,158.26
200 DMA₹14,902.91
Day change-0.17%
Price Chart
₹18,213▲ 25.86% · 1Y
₹19045₹117728.2L
2025-07-29
2026-07-27

20-day avg volume: 1.3L shares

Pros
  • Healthy return on equity of 29.7%.
  • Company is almost debt-free.
Cons
  • Revenue fell 10% YoY.
  • Stock trades at a high P/E of 127.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹1,685 Cr₹1,716 Cr₹1,973 Cr₹2,167 Cr₹2,154 Cr₹2,082 Cr₹2,548 Cr₹3,053 Cr
EBITDA₹434 Cr₹432 Cr₹489 Cr₹496 Cr₹508 Cr₹521 Cr₹670 Cr₹799 Cr
Net Profit₹286 Cr₹286 Cr₹315 Cr₹322 Cr₹339 Cr₹345 Cr₹446 Cr₹548 Cr
EPS————————
Profit & Loss (Annual)
MetricDec 2024Mar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Mar 2026
Revenue₹1,207 Cr₹7,611 Cr₹1,299 Cr₹1,387 Cr₹1,125 Cr₹1,493 Cr₹9,966 Cr₹1,574 Cr
EBITDA₹282 Cr₹1,850 Cr₹312 Cr₹382 Cr₹322 Cr₹449 Cr₹2,499 Cr₹514 Cr
Net Profit₹204 Cr₹1,209 Cr₹227 Cr₹280 Cr₹235 Cr₹329 Cr₹1,678 Cr₹378 Cr
EPS—133.65————185.39—
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹2,282 Cr₹2,532 Cr₹3,030 Cr₹3,724 Cr₹5,036 Cr₹5,737 Cr₹8,298 Cr₹10,919 Cr
Total Liabilities₹996 Cr₹1,101 Cr₹1,388 Cr₹1,709 Cr₹2,286 Cr₹2,310 Cr₹3,725 Cr₹4,370 Cr
Equity₹1,286 Cr₹1,432 Cr₹1,642 Cr₹2,015 Cr₹2,751 Cr₹3,427 Cr₹4,573 Cr₹6,549 Cr
Total Debt————————
Cash Flow
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹443 Cr₹433 Cr₹461 Cr₹457 Cr₹911 Cr₹1,706 Cr₹2,871 Cr₹1,283 Cr
Investing₹-202 Cr₹-212 Cr₹-251 Cr₹-303 Cr₹-519 Cr₹-727 Cr₹-1,593 Cr₹-1,164 Cr
Financing₹-52 Cr₹-34 Cr₹-26 Cr₹-45 Cr₹118 Cr₹-370 Cr₹-476 Cr₹209 Cr
Free Cash Flow₹443 Cr₹433 Cr₹461 Cr₹457 Cr₹911 Cr₹1,706 Cr₹2,871 Cr₹1,283 Cr
Shareholding
Promoter 73.15% Institutions 19.76% Public 7.1%
Efficiency & Working Capital
ROCE34.4%
Interest Coverage18.7
Dividend Payout—
Debtor Days60 d
Inventory Days50 d
Payable Days24 d
Cash Conversion Cycle86 d
Working Capital Days110 d
Shareholding Details

As of 2026-06-30

Promoter73.1%
FII6.4%
DII13.4%
Institutions19.8%
Public7.1%
Promoter Pledge2.3%
No. of Shareholders1,16,877
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters73.1%73.1%73.1%73.1%73.1%73.1%73.1%73.1%73.1%73.1%73.1%73.1%
FIIs5.9%5.9%6.1%7.6%7.5%7.2%5.8%6.8%7.1%6.7%6.6%6.4%
DIIs14.9%14.8%14.5%12.7%12.7%12.8%14.1%13.6%12.9%12.9%12.9%13.4%
Public6%6.2%6.2%6.6%6.6%6.8%6.9%6.5%6.9%7.2%7.4%7.1%
Promoter Pledge0%0%0.6%0.6%0.6%0.6%1.5%1.5%1.5%1.5%1.8%2.3%
No. of Shareholders50,10357,92664,37772,85378,40283,95995,38097,7121,05,0141,13,8691,15,9171,16,877
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Manish Satyanarayan NuwalShareholding of Promoter and Promoter Group38.9%3.52 Cr
Sohan Devi Nand Lal Nuwal Family TrustShareholding of Promoter and Promoter Group29.2%2.65 Cr
Sbi Equity Hybrid FundPublic Shareholding3.6%32,85,994
Satyanarayan Nandlalji NuwalShareholding of Promoter and Promoter Group3.6%32,38,254
Kotak Flexicap FundPublic Shareholding2.8%25,07,298
Seema Manish NuwalShareholding of Promoter and Promoter Group1.4%12,43,440
Axis Mutual Fund Trustee Limited A/c Axis Mutual Fund A/c Axis Midcap FundPublic Shareholding1.2%11,06,860
Rahul NuwalShareholding of Promoter and Promoter Group0%25,315
Leeladevi Satyanarayan NuwalShareholding of Promoter and Promoter Group0%1,000
Sohandevi NuwalShareholding of Promoter and Promoter Group0%0
Raghav Manish NuwalShareholding of Promoter and Promoter Group0%0
Harshwardhan Manish NuwalShareholding of Promoter and Promoter Group0%0
Kailash Chandra NuwalShareholding of Promoter and Promoter Group0%0
Indira Kailashchandra NuwalShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Manish Satyanarayan Nuwal13,93,5064%2026-06-30
Seema Manish Nuwal1,09,9508.8%2026-06-30
Board of Directors
NameDesignationYear
Satyanarayan NuwalChairman (Non-Executive)2025
Manish NuwalManaging Director & Chief Executive Officer2025
Khushboo PasariCompany Sec. & Compli. Officer2025
Suresh MenonWhole-time Director2025
Milind DeshmukhWhole-time Director2025
Natrajh RamakrishnaIndependent Director2025
Rashmi PrasadIndependent Director2025
Dinesh Kumar BatraIndependent Director2025
Girija BalakrishnanAdditional Director2025
L ViswanathanAdditional Director2025
Ramesh BhujangAdditional Director2025
Reena Jha TripathiAdditional Director2025
Segments — Product
SegmentRevenueShare
Explosives₹456 Cr85.3%
Trading₹51 Cr9.6%
Others₹27 Cr5.1%
Segments — Geography
RegionRevenueShare
India₹2,857 Cr52.4%
Outside India₹2,600 Cr47.6%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹2271818
Corporate Actions
TypeDateValueRemark
forthcoming2026-07-28Dividend (11/- per share)Final
dividend2026-07-28₹11 (550%)Final
dividend2025-07-08₹10 (500%)Final
forthcoming—Book ClosureAGM & 550% Final Dividend
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
20253,699002903,729
20252,69400002,694
202530800290337
Insider / Designated-Person Trades

3 recent disclosure(s)

Sohan Devi Nand Lal Nuwal Family TrustAcquisition · 2,64,51,193
Smt. Indira Kailashchandra NuwalDisposal · 55,68,230
Shri Kailash Chandra NuwalDisposal · 2,08,82,963
Substantial Acquisitions (SAST)

4 disclosure(s)

Inter-se Transfer / Gift06/12/2021 · 1,00,00,000
Inter-se Transfer / Gift06/12/2021 · 1,00,00,000
Inter-se Transfer / Gift06/12/2021 · 1,00,00,000
-06/12/2021 · 1,00,00,000
Company Information
Incorporated1995
ChairmanSatyanarayan Nuwal
AuditorS R B C & Co LLP/Gandhi Rathi & Co
Investor Email[email protected]; investor.relations@solargrou
🌐 www.solargroup.com ↗

📍 Solar House 14 Kachimet, Amravati Road, Nagpur, Maharashtra, 440023

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