Solar Industries India Ltd (SOLARINDS) — shareholding pattern, promoter holding, financials and share price
About Solar Industries India Ltd (SOLARINDS)
Solar Industries India Ltd operates in the Explosives industry, within the Chemicals sector. It trades on the NSE as SOLARINDS and on the BSE under scrip code 532725. Its ISIN is INE343H01029.
Solar Industries is one of the largest domestic manufacturers of bulk and cartridge explosives, detonators, detonating cords and components which find applications in the mining, infrastructure and construction industries. Company manufactures high-energy explosives, delivery systems, ammunition filling and pyros fuses for the defence sector. [1]
Solar Industries India Limited is a leading manufacturer of industrial explosives and explosive initiating systems, catering to diverse industries, including mining and defence.
The company reported a remarkable 29% increase in sales year-over-year for Q3FY26, signaling strong operational growth driven by its explosives and defence sectors.
Listed peers in Explosives: Pidilite Industries Ltd, SRF Ltd, Linde India Ltd, Gujarat Fluorochemicals Ltd, Navin Fluorine International Ltd, Himadri Speciality Chemical Ltd.
Valuation & Returns
10 Jul 2026At ₹18,236.8 a share on 10 Jul 2026, Solar Industries India Ltd (SOLARINDS) was valued at a price-to-earnings ratio of 95.03x against an industry P/E of 45.11x and a price-to-book of 37.62x on a book value of ₹484.73 per share as of Mar 2025. Solomo computes return on equity of 39.59% and return on capital employed of 46.62% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 95.03x
- Industry P/E
- 45.11x
- P/B
- 37.62x
- EPS (TTM)
- ₹191.92
- Book value / share
- ₹484.73
- ROE
- 39.59%
- ROCE
- 46.62%
- ROA
- 21.02%
- Debt / equity
- 0.22x
- Dividend yield
- 0.05%
- EBITDA margin
- 27.95%
- 52-week range
- ₹11,641.1 – ₹18,970
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Solar Industries India Ltd (SOLARINDS) reported revenue of ₹9,838 crore, net profit of ₹1,737 crore and earnings per share of ₹185.38. That compares with revenue of ₹7,540 crore and net profit of ₹1,288 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹3,053 crore and net profit ₹556 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 3,948 | 6,918 | 6,070 | 7,540 | 9,838 |
| Net profit (₹ cr) | 455 | 811 | 875 | 1,288 | 1,737 |
| EPS (₹) | 48.77 | 83.68 | 92.38 | 133.65 | 185.38 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 16.52% | 24.14% | 20.80% | 24.23% |
| Profit growth | 24.86% | 30.35% | 45.35% | 47.15% |
| Stock price CAGR | 39% | 62% | 71% | 21% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 73.15% of Solar Industries India Ltd (SOLARINDS) (unchanged from the previous quarter), foreign institutional investors (FII) hold 6.4% and domestic institutional investors (DII) hold 13.36%. Promoters have pledged 2.3% of their holding. Market capitalisation was ₹1,65,025 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2006.
Largest disclosed public shareholders in Jun 2026: Sbi Equity Hybrid Fund 3.63%, Kotak Flexicap Fund 2.77%, Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Midcap Fund 1.22%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 73.15% | 2.3% | 6.4% | 13.36% | 26.85% |
| Mar 2026 | 73.15% | 1.8% | 6.6% | 12.9% | 26.85% |
| Dec 2025 | 73.15% | 1.5% | 6.74% | 12.91% | 26.85% |
| Sep 2025 | 73.15% | 1.5% | 7.11% | 12.89% | 26.85% |
| Jun 2025 | 73.15% | 1.5% | 6.79% | 13.59% | 26.85% |
| Mar 2025 | 73.15% | 1.5% | 5.82% | 14.11% | 26.85% |
| Dec 2024 | 73.15% | 0.6% | 7.23% | 12.79% | 26.85% |
| Sep 2024 | 73.15% | 0.6% | 7.53% | 12.68% | 26.85% |