Solar Industries India Ltd.
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1779.20 +9.80 ▲0.6%

05 August 2021, 01:12:00 P.M.
Volume: 4,799

Overview View Details

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Website http://www.solargroup.com
Financial Indicators
Market Cap 16,011.31 Cr.
Earnings per share (EPS) 36.66 Trailing Twelve Months Ending 2021-06
Price-Earning Ratio (PE) 48.26 Trailing Twelve Months Ending 2021-06
Industry PE 47.07 Trailing Twelve Months Ending 2021-06
Book Value / Share 185.68 Trailing Twelve Months Ending 2021-06
Price to Book Value 9.53 Calculated using Price: 1,769.40
Dividend Yield 0.34 Period Ending 2020-03
No. of Shares Subscribed 9.05 Cr. 90,490,055 Shares
FaceValue 2
Company Profile

Solar Explosives, a Solar group company was incorporated on February 24, 1995 by Satyanarayan Nuwal, Nandlal Nuwal and Kailashchandra Nuwal. The journey of “Solar” Group started in the year 1984 when a proprietary firm Solar Explosives was formed by Satyanarayan Nuwal for trading in Explosives. In this year one of the, then largest Indian Explosive manufacturing company awarded its first consignment agency to Solar Explosives. The name of Solar Explosives Limited got changed to Solar Industries India Limited and the trading symbol of the company on NSE was changed from SOLAREX to SOLARINDS with effect from April 13, 2009.

Solar Group has evolved from a single site manufacturing company in 1995 to a globally recognised Industrial Explosives manufacturer today. With extensive experience, expertise and potential founded on years of experience in the Industrial Explosives segment, the company has entered into Defence and setup one of the world’s most integrated facilities for Ammunition.

Its innovation edge is rooted in a strategic blend of talented manpower and technological prowess. The company bank on its rich experience to create sustainable value and intend to accelerate towards excellence at an impressive pace. The company employ a comprehensive suite of robust best practice policies, and are committed to the safety, health, and wellbeing of people, communities and the environment.

Business area of the company

The company is one of the largest domestic manufacturer and supplier of bulk and cartridge explosives, detonators, detonating cords, and components.

Products

  • Industrial Explosives
  • Defence

Milestones

  • 1983: Commenced explosives trading business
  • 1996: Started production of Detonators
  • 1998: Added Detonating Cord, Cast Booster and PETN to product portfolio
  • 2000: Commenced production of Packaged Explosives after being incorporated in 1995
  • 2001: Commenced production of Bulk Explosives
  • 2006: Listed shares on Bombay Stock Exchange and National Stock Exchange
  • 2006: Commenced Exports
  • 2007: Extended India presence by setting up new bulk plants
  • 2009: Emerged as India’s largest explosives manufacturer
  • 2009: Set up manufacturing units at Zambia and Nigeria
  • 2010: Ventured into Defence Segment for manufacturing HMX and Propellants
  • 2011-12: Set up manufacturing unit at Turkey
  • 2013: Commenced manufacturing of 3-layer shock tubes.
  • 2013: Started commercial production of Electronic Detonators
  • 2013: Introduced underground Bulk Explosives
  • 2015: Started supplying HMX and HMX Compounds
  • 2016: Set up facilities to manufacture Warhead Filling, Pyros, Ignitors, Propellants for Pinaka Mark-II
  • 2017: Operationalised plant in South Africa. Started getting Bulk Defence Order
  • 2018: Started Export of Defence Products
  • 2018: Received TOT for mass production of Crucial Solid Propellant Booster of BrahMos missiles
  • 2019: Defence turnover stood at Rs 170.20 crore for FY 18-19
  • 2020: Celebrating 25 Years of excellence in the field of Explosives

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+0.55%
1 Week
+9.35%
1 Month
+9.26%
3 Month
+44.35%
6 Month
+43.14%
1 Year
+85.60%
2 Year
+63.57%
5 Year
+180.59%

Ratios View Details

9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 31.19 25.98 21.06 21.82 22.46 22.46 23.21 23.84 21.29
Return on Capital Employed (%) 30.29 20.77 17.70 19.28 24.24 22.67 24.57 26.24 19.89
Return on Assets (%) 14.28 12.60 10.53 11.40 12.24 12.04 12.59 13.05 11.77

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 405 573 662 776 805 929 1,084 1,238 1,380
Non Curr. Liab. 104 89 181 201 211 226 291 243 317
Curr. Liab. 353 405 472 365 448 527 566 724 732
Minority Int. 38 41 38 47 48 40 47 48 52
Equity & Liab. 899 1,108 1,352 1,389 1,512 1,722 1,988 2,253 2,481
Non Curr. Assets 455 538 683 778 863 990 1,169 1,290 1,497
Curr. Assets 441 569 666 610 649 732 819 963 984
Misc. Exp. not W/O 3 1 4 1
Total Assets 899 1,108 1,352 1,389 1,512 1,722 1,988 2,253 2,481

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 968 1,122 1,133 1,352 1,449 1,580 1,916 2,462 2,237
Other Income 24 14 11 8 15 13 23 15 41
Total Income 991 1,136 1,144 1,360 1,463 1,593 1,939 2,476 2,278
Total Expenditure -797 -939 -928 -1,098 -1,146 -1,256 -1,515 -1,960 -1,803
PBIDT 195 198 216 262 318 337 424 517 475
Interest -24 -18 -20 -18 -20 -27 -33 -50 -55
Depreciation -13 -17 -22 -31 -33 -39 -51 -59 -85
Taxation -43 -26 -35 -46 -87 -77 -106 -125 -57
Exceptional Items -4 -10 -10 -10 -6
PAT 111 126 130 156 178 195 234 277 279

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 48 113 170 230 243 118 254 314 325
Cash Fr. Inv. -141 -155 -161 -149 -141 -170 -174 -202 -214
Cash Fr. Finan. 92 72 31 -177 -92 53 -53 -52 -32
Net Change -1 29 41 -96 11 0 27 60 79
Cash & Cash Eqvt 66 92 133 37 25 26 52 61 93

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 73.15 73.15 73.15 73.15 73.15 73.15 73.15 73.15 73.15
Public 26.85 26.85 26.85 26.85 26.85 26.85 26.85 26.85 26.85
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Tue, 03 Aug 2021
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
In furtherance of our letter dated July 28 2021 we are forwarding herewith a copy of Transcription of Conference call hosted by ICICI Securities on Friday July 30 2021 at 11 :30 a.m. to discuss the Unaudited Financial Results for the quarter ended on June 30 2021 with the management of the Company.
Fri, 30 Jul 2021
Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to regulation 30 and 47 of SEBI (Listing Obligation and Disclosure Requirement) Regulation 2015 please find enclosed copies of Unaudited Financial Results of the Company for the quarter ended on June 30 2021 published today in Loksatta (Nagpur Edition) and Business Standard (All India Edition) newspapers.
Thu, 29 Jul 2021
Announcement under Regulation 30 (LODR)-Investor Presentation
Pursuant to Regulation 30 of the SEBI (Listing Regulations & Disclosure requirements) Regulations 2015 we are enclosing herewith a copy of the presentation to analysts/investors
on Unaudited Financial Results of the Company for the quarter ended on June 30 2021.

Technical Scans View Details

Wed, 04 Aug 2021
Higher Delivery Quantity Higher Delivery Quantity
Higher Trade Quantity Higher Trade Quantity
Higher Trade and Delivery Quantity Higher Trade and Delivery Quantity
Close Crossing Last Week High Close Crossing Last Week High
Close Crossing Last Month High Close Crossing Last Month High

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