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

With SOLARINDS's revenue forecasted to drop below last year's level, investors are expected to take a cautious stance. Such declines typically affect a company's bottom line, reducing profitability and making investors hesitant to invest heavily in the company until financial performance improves.

Financial Ratios:

currentRatio 1.95200
forwardPE 70.21980
debtToEquity 21.49100
earningsGrowth 0.37100
revenueGrowth 0.34500
grossMargins 0.48181
operatingMargins 0.22579
trailingEps 134.27000
forwardEps 30.66000

The current ratio for SOLARINDS is 1.952, indicating that the company can service its short-term debt using available cash and assets. This suggests SOLARINDS has strong liquidity, with more than enough resources to meet its immediate financial commitments.
SOLARINDS's forward PE is too high, potentially limiting future gains and posing a risk of a price correction. This valuation must be carefully considered with other fundamental metrics to evaluate whether the stock is worth its current price.
SOLARINDS's low Debt-to-Equity ratio shows that the company isn't heavily reliant on debt for financing. This implies a conservative approach to leveraging, reducing financial risk and demonstrating a solid financial foundation, which can enhance investor confidence in the company's long-term stability.
Positive earnings and revenue growth for SOLARINDS suggest that the company is positioned for business expansion. The company's strong financial performance indicates sustained growth, as increasing sales and profits fuel its future success.
Solar Industries India Limited's positive gross and operating margins indicate that the company is performing profitably. These margins reflect efficient cost control and revenue generation, signaling a strong financial foundation for continued success.
SOLARINDS's forward EPS being less than trailing EPS indicates the company's profitability is expected to decrease. This signals a potential downturn in financial performance compared to the previous year.

Price projections:

Price projections for SOLARINDS
Price projections for SOLARINDS

SOLARINDS's price projections have steadily risen over time, pointing to increasing optimism about the company's prospects. This upward revision suggests that analysts expect SOLARINDS to continue delivering solid performance in the future.

Recommendation changes over time:

Recommendations trend for SOLARINDS
Recommendations trend for SOLARINDS


A recent buy bias from analysts toward SOLARINDS may inspire confidence in investors, who could view the stock as a promising investment. This positive sentiment suggests that SOLARINDS might be an appealing option for those looking to grow their wealth through stock market investments.