Debut Plus

₹22,440

▲ +84.95 +0.38%

As of 09 Sept 2026 · delayed

NSE Listed · Aerospace & Defence

Solar Industries India Ltd. (SOLARINDS)

Volume: 94,443Avg Vol 1W: 2,29,644Avg Vol 1M: 1,86,61952W Range:₹11,646₹22,625
NSE BSE www.solargroup.com AI Report
Key Ratios
Checked 4h ago
Market Cap₹2,02,291 Cr
Current Price₹22,440
Previous Close₹22,355.05
High / Low (52w)₹22,625 / ₹11,646
Volume94,443
Avg Vol (1W)2,29,644
Avg Vol (1M)1,86,619
Stock P/E101.58
Book Value₹693.69
Dividend Yield5%
ROE26.72%
ROA18.78%
Revenue (TTM)—
Revenue Growth24.23%
Profit Margin17.54%
Total Debt₹381 Cr
Shares Outstanding9 Cr
Face Value₹2
EPS (TTM)₹220.07
P/B32.23
Debt / Equity0.23
50 DMA₹19,301.12
200 DMA₹15,725.76
Day change+0.38%
Price Chart
₹22,440▲ 60.09% · 1Y
₹22455₹117728.2L
2025-09-10
2026-09-09

20-day avg volume: 2.0L shares

Pros
  • Healthy return on equity of 26.7%.
  • Pays a dividend yield of 5.0%.
  • Company is almost debt-free.
Cons
  • Stock trades at a high P/E of 102.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹1,716 Cr₹1,973 Cr₹2,167 Cr₹2,154 Cr₹2,082 Cr₹2,548 Cr₹3,053 Cr₹3,668 Cr
EBITDA₹432 Cr₹489 Cr₹496 Cr₹508 Cr₹521 Cr₹670 Cr₹799 Cr₹944 Cr
Net Profit₹286 Cr₹315 Cr₹322 Cr₹339 Cr₹345 Cr₹446 Cr₹548 Cr₹653 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Mar 2026Jun 2026
Revenue₹7,611 Cr₹1,299 Cr₹1,387 Cr₹1,125 Cr₹1,493 Cr₹1,574 Cr₹9,966 Cr₹1,656 Cr
EBITDA₹1,850 Cr₹312 Cr₹382 Cr₹322 Cr₹449 Cr₹514 Cr₹2,499 Cr₹489 Cr
Net Profit₹1,209 Cr₹227 Cr₹280 Cr₹235 Cr₹329 Cr₹378 Cr₹1,678 Cr₹358 Cr
EPS133.65—————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
ROCE29.1%
Interest Coverage18.7
Dividend Payout—
Debtor Days69 d
Inventory Days65 d
Payable Days23 d
Cash Conversion Cycle110 d
Working Capital Days134 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 Dir.2026
Manish NuwalManaging Director & CEO2026
Suresh MenonE D & Wholetime Director2026
Milind DeshmukhE D & Wholetime Director2026
Girija BalakrishnanIndependent Non Exe. Director2026
L ViswanathanIndependent Non Exe. Director2026
Ramesh BhujangIndependent Non Exe. Director2026
Reena Jha TripathiIndependent Non Exe. Director2026
Khushboo PasariCompany Sec. & Compli. Officer2026
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
forthcoming2026-08-13Board Meetings—
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
20262,98100631,6204,665
20262,12800208803,029
202648100431525
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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