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 last year's performance, which could lead to investor caution. A fall in revenue is likely to negatively impact the company's profitability, causing concern for shareholders who may view this as a signal of declining financial health.

Financial Ratios:

currentRatio 1.95200
forwardPE 62.03107
debtToEquity 21.49100
earningsGrowth 0.37100
revenueGrowth 0.34500
grossMargins 0.47359
operatingMargins 0.21788
trailingEps 134.28000
forwardEps 30.66000

Solar Industries India Limited's current ratio of 1.952 shows that the company has ample resources to service its short-term debt. This indicates a solid financial position, as Solar Industries India Limited can rely on its cash reserves and current assets to cover its immediate liabilities without strain.
Solar Industries India Limited's forward PE ratio is too high, which may hinder future price growth and increase the risk of a price correction. Investors should carefully evaluate this metric along with other key financial indicators to get a full picture of the stock's potential.
Solar Industries India Limited's low Debt-to-Equity ratio means it is not excessively leveraged, implying a reduced financial risk profile. This suggests Solar Industries India Limited maintains a well-balanced financial structure, with more emphasis on equity than debt, ensuring greater flexibility and long-term stability.
SOLARINDS's positive earnings and revenue growth suggest that the company is poised for business expansion. This financial strength indicates that SOLARINDS is expected to continue growing, with rising profits and sales contributing to its long-term 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 is lower than its trailing EPS, indicating that the company is expected to be less profitable this year. This suggests a potential slowdown in financial performance.

Price projections:

Price projections for SOLARINDS
Price projections for SOLARINDS

SOLARINDS's price projections have been revised upward over time, suggesting that analysts are becoming more confident in the company's future. This trend points to increased optimism about SOLARINDS's ability to grow.

Recommendation changes over time:

Recommendations trend for SOLARINDS
Recommendations trend for SOLARINDS


With analysts showing a buy bias for SOLARINDS, investors may be more inclined to see the stock as an attractive investment. The favorable outlook could spur increased interest, positioning SOLARINDS as a safe and profitable place for investors to allocate their funds and seek growth.