Overall Fundamental outlook

Business Operations:

Sector: Basic Materials
Industry: Specialty Chemicals

Solar Industries India Limited, together with its subsidiaries, engages in the manufacture and sale of industrial explosives and explosive initiating devices in India and internationally. It offers industrial explosives, such as bulk and packaged explosives; and initiating systems, including electronic, electric, non-electric, and plain detonators, as well as cord relays, cast boosters, detonating cords, and aluminum elemented det products. The company also provides defense products, including unmanned aerial systems and drones, ammunitions, military explosives, bombs and warheads, rockets, and drones armed with guided missiles, as well as counter drone systems and initiating systems and pyros comprising fuzes, detonators, ignitors, decoys and flares, and riot control devices. Its products are used in mining, infrastructure, construction, defence, and the space sectors. The company was formerly known as Solar Explosives Limited and changed its name to Solar Industries India Limited in February 2009. Solar Industries India Limited was founded in 1983 and is based in Nagpur, India.

Revenue projections:

Revenue projections for SOLARINDS
Revenue projections for SOLARINDS

SOLARINDS's revenue projections indicate a decrease from the prior year, which may make investors hesitant. A revenue decline could harm the company's bottom line, prompting investors to be more careful, as lower earnings often signal potential issues with profitability and future performance.

Financial Ratios:

currentRatio 1.884000
forwardPE 57.715515
debtToEquity 16.425000
earningsGrowth 0.207000
revenueGrowth 0.214000
grossMargins 0.482070
operatingMargins 0.236370
trailingEps 145.940000
forwardEps 30.660000

SOLARINDS's current ratio being 1.884 suggests that the company has no issue servicing its short-term debt. Its strong liquidity position, supported by sufficient cash reserves and current assets, ensures that SOLARINDS can meet its financial obligations with ease.
SOLARINDS's elevated forward PE ratio indicates that the stock may face limited price growth and is at risk for a correction. Investors should consider this metric alongside other fundamentals to accurately assess the stock's valuation.
SOLARINDS's low Debt-to-Equity ratio highlights its minimal reliance on debt, showing that the company is not over-leveraged. This contributes to lower financial risk and greater stability, giving SOLARINDS a stronger position in managing its financial obligations.
SOLARINDS's positive earnings and revenue growth suggest that the company is expected to expand its business. This reflects a healthy financial outlook, as SOLARINDS's increasing profits and sales signal further growth in the near future.
Solar Industries India Limited's positive gross and operating margins indicate a profitable and efficient business model. These metrics highlight the company's ability to generate income while controlling operational costs, reflecting strong financial performance.
SOLARINDS's forward EPS being lower than trailing EPS indicates reduced profitability in the upcoming year. This points to a potential decline in earnings, which could impact the company's financial strength.

Price projections:

Price projections for SOLARINDS
Price projections for SOLARINDS

Over time, SOLARINDS's price projections have been revised higher, signaling growing confidence in the company's future. This upward trend suggests analysts anticipate strong performance and increased market value for SOLARINDS.

Recommendation changes over time:

Recommendations trend for SOLARINDS
Recommendations trend for SOLARINDS


Analysts' recent buy bias toward Solar Industries India Limited suggests the stock is gaining favor as a strong investment choice. This optimism could drive more investors to see Solar Industries India Limited as a smart place to invest, further bolstering confidence in the company's long-term growth and potential returns.