Solar Industries India Ltd is a leading Indian company specializing in manufacturing explosives and providing solutions for mining, infrastructure, and defense industries. Established in 1995, the company has grown into one of the largest explosives manufacturers in the world, offering products like industrial explosives, detonators, and propellants. Solar Industries India Share Price on NSE as of 21 November 2024 is 9,958.05 INR. Here will provide you more details on Solar Industries India Share Price Target 2024, 2025, 2026 to 2030.
Solar Industries India Ltd: Market Overview
- Open Price: ₹9,974.00
- High Price: ₹10,041.95
- Low Price: ₹9,799.00
- Previous Close: ₹9,983.50
- Volume: 63,353
- Value (Lacs): ₹6,318.51
- VWAP: ₹9,924.13
- UC Limit: ₹11,980.20
- LC Limit: ₹7,986.80
- P/E ratio: 89.15
- Div yield: 0.085%
- 52-wk high: ₹13,298.00
- 52-wk low: ₹5,909.35
- Mkt cap: ₹90.11KCr
- Face Value: ₹2
Solar Industries India Share Price Chart
Solar Industries India Share Price Target Tomorrow 2024 To 2030
| Solar Industries India Share Price Target Years | Share Price Target |
| 2024 |
₹13,300
|
| 2025 | ₹16,512 |
| 2026 | ₹19,573 |
| 2027 | ₹21,609 |
| 2028 | ₹23,303 |
| 2029 | ₹26,669 |
| 2030 | ₹29,335 |
Solar Industries India Share Price Target 2024
Solar Industries India share price target 2024 Expected target could be ₹13,300. Here are four key factors affecting the growth of Solar Industries India Ltd share price target for 2024:
- Demand from Mining and Infrastructure Sectors
Growth in mining activities and infrastructure projects will drive demand for industrial explosives, boosting the company’s revenue and share price potential. - Expansion in Defense Manufacturing
Solar Industries’ focus on defense production, including ammunition and military-grade explosives, aligns with India’s push for self-reliance in defense, creating opportunities for significant growth. - Global Market Expansion
Increasing exports and entry into new international markets will help Solar Industries diversify revenue streams and strengthen its global presence, positively impacting its stock. -
Raw Material Price Volatility
Fluctuations in the prices of raw materials, such as chemicals used in explosives, could impact profit margins, influencing investor sentiment and stock performance.
Solar Industries India Share Price Target 2025
Solar Industries India share price target 2025 Expected target could be ₹16,512. Here are four key risks and challenges that could impact Solar Industries India Ltd share price target for 2025:
- Raw Material Cost Fluctuations
Volatility in the prices of critical raw materials, such as ammonium nitrate, can increase production costs and pressure profit margins, affecting overall financial performance. - Regulatory and Environmental Compliance
Stricter regulations on explosives manufacturing and environmental safety standards may increase compliance costs and pose operational challenges for the company. - Dependence on Key Sectors
Heavy reliance on mining, infrastructure, and defense sectors for revenue means any slowdown or policy changes in these areas could negatively impact business growth. -
Geopolitical and Export Risks
As Solar Industries expands its international presence, it faces risks from geopolitical tensions, trade restrictions, or currency fluctuations, which could affect export revenue and profitability.
Solar Industries India Share Price Target 2030
Solar Industries India share price target 2030 Expected target could be ₹29,335. Here are four key risks and challenges that could impact Solar Industries India Ltd share price target for 2030:
- Evolving Global Defense Dynamics
The company’s growing presence in defense manufacturing makes it sensitive to geopolitical shifts. Changes in global defense priorities or competition from international players could impact its growth. - Technological Advancements
Rapid advancements in explosives and defense technology may require significant R&D investment. Failure to keep up with innovations could risk product relevance and market share. - Regulatory and Safety Risks
As regulations around explosives and environmental safety tighten globally, ensuring compliance without increasing costs could be a significant challenge for the company. -
Market Dependence and Diversification Challenges
Heavy reliance on specific sectors like mining and infrastructure, along with export markets, makes the company vulnerable to downturns in these industries or regions. Limited diversification could pose long-term risks.
Shareholding Pattern For Solar Industries India Ltd
- Promoters: 73.15%
- Mutual Funds: 11.71%
- FII: 7.53%
- Retail and others: 6.64%
- DII: 0.97%
Solar Industries India Ltd Financials
| (INR) | 2024 | Y/Y change |
| Revenue | 60.70B | -12.32% |
| Operating expense | 14.05B | 10.44% |
| Net income | 8.36B | 10.40% |
| Net profit margin | 13.77 | 25.87% |
| Earnings per share | 92.38 | 10.40% |
| EBITDA | 15.52B | 12.27% |
| Effective tax rate | 24.63% | — |
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