During Friday’s trading session, the shares of India’s largest manufacturer of industrial explosives are in focus, after the company announced securing export orders worth Rs. 2,150 crores from international clients.
Price Movement
With a market cap of Rs. 79,516.8 crores, at 03:28 p.m., the shares of Solar Industries India Limited were trading in the green at Rs. 8,787.35 on BSE, up by nearly 1 percent, as compared to its previous closing price of Rs. 8,721.65.
The stock has delivered positive returns of nearly 29 percent over a one-year period, but around 14 percent of negative returns in the last one month.
What’s the news
According to the latest regulatory filings with the stock exchanges, Solar Industries India Limited and its subsidiary have received export orders worth Rs. 2,150 crores from International Clients, for the supply of defence products for International clients. The order is to be delivered over a period of 6 years.
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Previous Orders
6th February: Ministry of Defence has inked contracts with Economic Explosive Limited (EEL), wholly-owned subsidiary of Solar Industries, for the supply of Area Denial Munition (ADM) Type-1 (DPICM) and High Explosive Pre Fragmented (HEPF) Mk-1 (Enhanced) rockets respectively for PINAKA Multiple Launcher Rocket System (MLRS), the biggest contract in the history of Solar Group.
The contract is worth Rs. 6,084 crores, to be executed in 8 to 15 Years, while 86 percent of the contract is to be executed within 10 years.
Financials & Order Book
Solar Industries India reported a significant growth in revenue from operations, experiencing a year-on-year rise of nearly 38 percent, from Rs. 1,429 crores in Q3 FY24 to Rs. 1,973 crores in Q3 FY25.
Similarly, its net profit increased during the same period from Rs. 222 crores to Rs. 338 crores, representing a rise of nearly 52 percent YoY. As of Q3 FY25, the company achieved its high-ever order book of Rs. 7,122 crores.
About the company
Solar Industries India Limited is engaged in the business of manufacturing a complete range of industrial explosives, explosive initiating devices and high-energy materials for defence applications.
Written by Shivani Singh
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