Solar Industries shares rose after securing a ₹402 crore order from Coal India for explosive supplies. With a strong order book of over ₹17,000 crore and high multi-year returns, the company continues to strengthen its defence and industrial segments.
The share price of Solar Industries jumped over 1.4% in the early trade as the company bagged a new work order. As of June 2, 2025, 11:40 am IST, Solar Industries India Limited's share price traded at ₹16,167, experiencing an intraday gain of 0.39%. Over the past year, the company has delivered impressive returns, with a 1-year return of 70.27%, significantly outperforming the Nifty 50’s return of 9.17%. The 3-year return stands at 517%, and the 5-year return is 1,703%.
On May 31, 2025, Solar Industries India Limited announced that it has received orders worth ₹402 Crores from Coal India Limited. The orders are for the supply of Cartridge Explosives & Accessories, and the delivery is to be made over a period of two years.
According to the investor's presentation of Q4FY25, the company has a total order book of ₹17,000+ crore. Comprises ₹1,800 crore order from the industrial sector, while the ₹15,200 crore order book caters to the defence sector.
For the quarter ended March 2025, Solar Industries reported a 34.51% year-on-year increase in revenue from operations, rising to ₹2167 crore from ₹1611 crore in the same quarter last year. The Profit After Tax (PAT) also saw a healthy growth of 42%, reaching ₹346 crore compared to ₹243 crore in March 2024.
On an annual basis, the company recorded a 24.23% rise in revenue from operations, which stood at ₹7540 crore in FY25 as against ₹6070 crore in FY24. The PAT for the full year surged by 46.99%, climbing to ₹1288 crore from ₹876 crore, reflecting robust operational performance and improved profitability.
Solar Industries India Limited operates primarily in the manufacturing of industrial explosives and detonators, catering to various sectors including mining, infrastructure, and construction. They also manufacture and supply propellants for missiles and rockets to the Indian defence sector, and initiated the production of armed drones and loitering munitions in 2022.
Disclaimer: The article is for informational purposes only and not investment advice.
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