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Buy Solar Industries Ltd For Target Rs. 3848 - ICICI Securities Solar Industries’ (Solar) Q4FY23 consolidated EBITDA of Rs3.6bn (up 36% YoY) was 14% ahead of the street’s estimates. Key points: 1) revenue growth of 47% YoY was aided by robust growth in exports and non-CIL and institutional segments; 2) consolidated EBITDA margin at 18.5% was down 80bps QoQ, mainly due to (non-cash) hyperinflation and forex translation loss of Rs478mn; 3) the quarter saw highest-ever revenue from defence at Rs1.1bn; 4) inventory days were down to 92 in FY23 (FY...
Buy Solar Industries Ltd For Target Rs. 3848 - ICICI Securities
Buy Solar Industries Ltd For Target Rs. 3848 - ICICI Securities
Source: ICICI Securities
17/05/2023 2:49:30 PM
Solar Industries surges after its arm signs contract for supply of Loiterinq Munition with Ministry of Defense Solar Industries India is currently trading at Rs. 3770.50, up by 6.10 points or 0.16% from its previous closing of Rs. 3764.40 on the BSE. The scrip opened at Rs. 3760.00 and has touched a high and low of Rs. 3787.45 and Rs. 3727.55 respectively. So far 1451 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4535.95 on 03-Jan-2023 and a 52 week low of Rs. 2470.00 on 27-May-2022. Last one week high and low of the s...
Solar Industries surges after its arm signs contract for supply of Loiterinq Munition with Ministry of Defense
Solar Industries surges after its arm signs contract for supply of Loiterinq Munition with Ministry of Defense
Source: Accord Fintech
21/04/2023 12:44:39 PM
Buy Solar Industries India Ltd Target Rs. 4,760 - ICICI Securities Impressive performance sustains Solar Industries’ (Solar) Q3FY23 consolidated EBITDA of Rs3.5bn (up 96% YoY) was ahead of consensus estimates by 17%. Key points: 1) revenue growth of 78% YoY was aided by robust growth in exports and non-CIL & institutional segments; 2) consolidated EBITDA margin was at 19.3%, up 180bps YoY; 3) it was the second consecutive quarter of defence revenue exceeding Rs1bn; and 4) orderbook was healthy for both defence and explosives business. Going a...
Buy Solar Industries India Ltd Target Rs. 4,760 - ICICI Securities
Buy Solar Industries India Ltd Target Rs. 4,760 - ICICI Securities
Source: ICICI Securities Ltd
27/01/2023 12:56:18 PM
Solar Industries India trades higher on the BSE Solar Industries India is currently trading at Rs. 4043.75, up by 6.90 points or 0.17% from its previous closing of Rs. 4036.85 on the BSE. The scrip opened at Rs. 4080.05 and has touched a high and low of Rs. 4092.75 and Rs. 4007.55 respectively. So far 2262 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4269.40 on 11-Nov-2022 and a 52 week low of Rs. 2160.05 on 15-Feb-2022. Last one week high and low of the s...
Solar Industries India trades higher on the BSE
Solar Industries India trades higher on the BSE
Source: Accord Fintech
22/12/2022 12:36:10 PM
Solar Industries gains on planning to raise Rs 60 crore through NCDs Solar Industries is currently trading at Rs. 4070.35, up by 58.70 points or 1.46% from its previous closing of Rs. 4011.65 on the BSE. The scrip opened at Rs. 3990.05 and has touched a high and low of Rs. 4081.55 and Rs. 3990.05 respectively. So far 467 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4269.40 on 11-Nov-2022 and a 52 week low of Rs. 2160.05 on 15-Feb-2022. Last one week high and low of the scrip s...
Solar Industries gains on planning to raise Rs 60 crore through NCDs
Solar Industries gains on planning to raise Rs 60 crore through NCDs
Source: Accord Fintech
20/12/2022 10:34:56 AM
Buy Solar Industries Ltd For Target Rs.4700 - Centrum Broking Higher realization & overseas markets aids strong growth SOIL’s revenue doubled to Rs15.7bn led by higher realization and continued scale up in overseas markets. Domestic explosives sales grew 90% YoY to Rs6.2bn led by 9% volume growth (at Rs87,661 MT) and 74% higher realization YoY (at Rs70,900 MT). Exports & overseas sales grew 106% YoY and 25% QoQ to Rs7.4bn (15-16% volume growth), likely due to scale up from newly forayed countries. Gross margin fell 350bps YoY to 40.4%, ...
Buy Solar Industries Ltd For Target Rs.4700 - Centrum Broking
Buy Solar Industries Ltd For Target Rs.4700 - Centrum Broking
Source: Centrum Broking
7/12/2022 3:01:49 PM
Buy Solar Industries Ltd For Target Rs.4700 - ICICI Direct Strong earnings momentum continues… About the stock: Solar Industries (SIL) is the largest manufacturer of industrial explosives and explosive initiating systems in India. * It has a capacity of ~330,000 MT/year. It holds reasonable market share in India of ~30% * It also leads the exports share from India, which is around 70% in industrial explosive and initiating system * It exports to 55 countries in the world and has recently expanded its manufacturing base to many Afri...
Buy Solar Industries Ltd For Target Rs.4700 - ICICI Direct
Buy Solar Industries Ltd For Target Rs.4700 - ICICI Direct
Source: ICICI Direct Ltd
7/11/2022 3:30:57 PM
Hold Solar Industries Ltd For Target Rs.2,900 - ICICI Securities Comfortably navigates an extremely challenging inflationary environment Solar Industries’ (SOIL) reported earnings surprised on the back of better-thanexpected overseas/exports business performance. Standalone volumes increased ~13% YoY and PAT rose 14% YoY. Standalone gross margin/te was flat YoY – a commendable performance in an inflationary environment. Consolidated PAT jumped 76% YoY due to an extremely strong volume and margin performance of export/overseas business. Q1FY2...
Hold Solar Industries Ltd For Target Rs.2,900 - ICICI Securities
Hold Solar Industries Ltd For Target Rs.2,900 - ICICI Securities
Source: ICICI Securities Ltd
6/09/2022 10:25:29 AM
`My Lord, Vijay Antony are my best teachers,` says Fatima Vijay Antony Fatima Vijay Antony, a well-known producer and the wife of actor and music director Vijay Antony, on the occasion of Teachers' Day said that God and her husband were the best teachers in life and that she wouldn't know "the way, the truth and the light" without them. On Monday, she tweeted: "My Lord and Vijay Antony are my bestest teachers in life. Without them, I wouldn't know the way, truth and light. Thanks to them, and yes, to all my teachers who have been go...
`My Lord, Vijay Antony are my best teachers,` says Fatima Vijay Antony
`My Lord, Vijay Antony are my best teachers,` says Fatima Vijay Antony
Source: IANS
5/09/2022 4:46:33 PM
Buy Solar Industries Ltd For Target Rs.3390 - ICICI Direct Strong earnings momentum continues… About the stock: Solar Industries (SIL) is the largest manufacturer of industrial explosives and explosive initiating systems in India. * It has a capacity of ~300,000 MT/year. It holds reasonable market share in India of ~28% * It also leads the exports share from India, which is around 70% in industrial explosive and initiating system * It exports to 55 countries in the world and has recently expanded its manufacturing base to many Afri...
Buy Solar Industries Ltd For Target Rs.3390 - ICICI Direct
Buy Solar Industries Ltd For Target Rs.3390 - ICICI Direct
Source: ICICI direct
5/09/2022 3:47:15 PM
Buy Solar Industries India Ltd For Target Rs.3,400 - Centrum Broking Higher realization & overseas markets drive strong growth Solar Industries India (SOIL) reported highest ever quarterly sales at Rs16.2bn, up 96%  YoY, led by spike in realiz ons due to higher ammonium nitrate  (AN) prices. Gross  margin fell 400bps QoQ to 34%, as 23%&n...
Buy Solar Industries India Ltd For Target Rs.3,400 - Centrum Broking
Buy Solar Industries India Ltd For Target Rs.3,400 - Centrum Broking
Source: Centrum Broking Ltd
28/07/2022 12:17:05 PM
Solar Industries Ind Q1 net profit up 13.79% at Rs 79.86 cr The company reported standalone net profit of Rs 79.86 crore for the quarter ended June 30, 2022 as compared to Rs 70.18 crore in the same period last year, registering a year-on-year growth of 13.79 per cent. Net revenue of the company rose substantially by 85.30 per cent at Rs 987.80 crore in April-June quarter of this fiscal as against Rs 533.07 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 101.63 per cent to Rs 881.64 crore from...
Solar Industries Ind Q1 net profit up 13.79% at Rs 79.86 cr
Solar Industries Ind Q1 net profit up 13.79% at Rs 79.86 cr
Source: Dion Global Solutions Ltd
26/07/2022 10:08:33 AM
Buy Solar Industries India Ltd For Target Rs.3,400 - Centrum Broking Healthy growth to continue; Realization to remain firm We expect the healthy growth prospects of Solar Industries India (SOIL) to continue, led by robust demand of packaged explosives, rising scale in overseas markets and increasing ramp-up of defence segment. In its recently released FY22 annual report, the management has re-iterated its aim to deliver 30% YoY revenue growth in FY23, despite a high base (FY22 saw 57%/60% YoY revenue/PAT growth, respectively). The key growth drivers highli...
Buy Solar Industries India Ltd For Target Rs.3,400 - Centrum Broking
Buy Solar Industries India Ltd For Target Rs.3,400 - Centrum Broking
Source: Centrum Broking Ltd
19/07/2022 11:50:57 AM
Buy Solar Industries India Ltd For Target Rs.2,748 - Centrum Broking On a strong growth trajectory The FY22 annual report of Solar Industries India (SOIL) focusses on the company’s robust growth journey through its enhanced offerings and rising opportunities. After a strong FY22 (57%/60% YoY revenue/PAT growth), it aims to continue its robust and profitable growth journey with a target to deliver 30% YoY revenue growth in FY23. The growth is likely to be aided by (1) rising capex in India for infrastructure, real estate, mining and allied industries, ...
Buy Solar Industries India Ltd For Target Rs.2,748 - Centrum Broking
Buy Solar Industries India Ltd For Target Rs.2,748 - Centrum Broking
Source: Centrum Broking Ltd
23/06/2022 1:28:19 PM
Solar Industries India rises on planning to make strategic investment in Rajasthan Explosives and Chemicals Solar Industries India is currently trading at Rs. 2797.20, up by 4.05 points or 0.14% from its previous closing of Rs. 2793.15 on the BSE. The scrip opened at Rs. 2793.15 and has touched a high and low of Rs. 2827.05 and Rs. 2758.90 respectively. So far 877 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3191.55 on 06-Apr-2022 and a 52 week low of Rs. 1545.95 on 21-Jun-2021. Last one week high and low of the sc...
Solar Industries India rises on planning to make strategic investment in Rajasthan Explosives and Chemicals
Solar Industries India rises on planning to make strategic investment in Rajasthan Explosives and Chemicals
Source: Accord Fintech
7/06/2022 12:04:41 PM
Hold Solar Industries Ltd For Target Rs.2,900 - ICICI Securities Going from strength to strength With ~3x price move in ammonium nitrate over FY22, we were happy to witness a QoQ improvement in gross (standalone) / EBITDA (standalone + consolidated) margins. Management, on the other hand, is still comparing margin print to pre inflationary levels. Management highlighted the gap that still exists between increase in RM prices and the realised increase in end-product prices (over a longer duration of one year) and is therefore focussed on the roadmap to r...
Hold Solar Industries Ltd For Target Rs.2,900 - ICICI Securities
Hold Solar Industries Ltd For Target Rs.2,900 - ICICI Securities
Source: ICICI Securities Ltd
5/05/2022 12:50:36 PM
Hold Solar Industries India Ltd For Target Rs. 2,850 - ICICI Securities Strategic investment in UAS start-up Solar Industries (SOIL) surprised with an investment (undisclosed amount) in an unarmed aerial solutions (UAS) company ZMotion Autonomous (ZM) incorporated in CY18. This is the second announced start-up investment by SOIL after a strategic stake (Rs175mn) into Skyroot – a space start-up helping ISRO with propulsion systems (SOIL incidentally also received ToT on 7th Apr’22 (propellant casting for Dual Pulse propulsion system). The rationale ...
Hold Solar Industries India Ltd For Target Rs. 2,850 - ICICI Securities
Hold Solar Industries India Ltd For Target Rs. 2,850 - ICICI Securities
Source: ICICI Securities Ltd
13/04/2022 12:07:49 PM
Buy Solar Industries India Ltd For Target Rs. 2,775 - Centrum Broking Business overview SOIL is our top pick in the Capital Goods sector due to (1) leadership in industrial explosives with 25% market share (2) robust growth prospects in packaged explosives (a proxy play on infra capex) and (3) strong scale up in defence and overseas segment. Our target price of Rs2,775 is based on 42x H1FY24 EPS   Key investment rationale Robust revenue CAGR of 27% expected over FY21-24E due to (1) rising infra capex in India, (2) foraying in larger overseas ma...
Buy Solar Industries India Ltd For Target Rs. 2,775 - Centrum Broking
Buy Solar Industries India Ltd For Target Rs. 2,775 - Centrum Broking
Source: Centrum Broking Ltd
24/02/2022 2:39:12 PM
Hold Solar Industries Ltd For Target Rs.2,365 - ICICI Securities Sharp commodity inflation leads to margin miss Solar Industries’ (SOIL) earnings disappointed on margins. The company was not able to pass on sharp increase in input commodity prices, resulting in standalone gross margins correcting 200bps QoQ. Q2FY22 being a seasonally weak quarter (volumes were down 21% QoQ), operating leverage led to a sharper EBITDA margin correction. Standalone EBITDA margin declined 600bps QoQ and 700bps YoY. Management highlighted that the company has started ...
Hold Solar Industries Ltd For Target Rs.2,365 - ICICI Securities
Hold Solar Industries Ltd For Target Rs.2,365 - ICICI Securities
Source: ICICI Securities
30/11/2021 11:53:51 AM
Solar Industries India zooms on placing commercial paper worth Rs 50 crore in favor of Axis Bank Solar Industries India is currently trading at Rs. 2866.45, up by 87.45 points or 3.15% from its previous closing of Rs. 2779.00 on the BSE. The scrip opened at Rs. 2850.20 and has touched a high and low of Rs. 2871.10 and Rs. 2696.20 respectively. So far 4545 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2891.00 on 22-Nov-2021 and a 52 week low of Rs. 992.35 on 23-Nov-2020. Last one week high and low of the s...
Solar Industries India zooms on placing commercial paper worth Rs 50 crore in favor of Axis Bank
Solar Industries India zooms on placing commercial paper worth Rs 50 crore in favor of Axis Bank
Source: Accord Fintech
23/11/2021 12:12:33 PM
Buy Solar Industries Ltd For Target Rs.2460 - ICICI Direct Strong earnings momentum continues… About the stock: Solar Industries (SIL) is the largest manufacturer of industrial explosives and explosive initiating systems in India. * It has a capacity of ~290,000 MT/year. It holds reasonable market share in India of ~28% * It also leads the exports share from India, which is ~70% in industrial explosive and initiating system * It exports to 51 countries in the world and has recently expanded its manufacturing base to many African co...
Buy Solar Industries Ltd For Target Rs.2460 - ICICI Direct
Buy Solar Industries Ltd For Target Rs.2460 - ICICI Direct
Source: ICICI Direct
3/11/2021 11:47:45 AM
Solar Industries shines on securing orders worth Rs 1471 crore Solar Industries is currently trading at Rs. 2524.45, up by 106.85 points or 4.42 % from its previous closing of Rs. 2417.60 on the BSE. The scrip opened at Rs. 2555.00 and has touched a high and low of Rs. 2826.30 and Rs. 2502.00 respectively. So far 17484 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2,826.30 on 11-Oct-2021 and a 52 week low of Rs. 977.45 on 13-Nov-2020. Last one week high and low of the scr...
Solar Industries shines on securing orders worth Rs 1471 crore
Solar Industries shines on securing orders worth Rs 1471 crore
Source: Accord Fintech
11/10/2021 11:02:56 AM
Update On Solar Industries Ltd By HDFC Securities Our Take: Solar Industries Ltd (SIL), is a formidable player in the industrial explosives space in India and has a global manufacturing base across 6 countries around the globe. In the domestic market, SIL is one of the largest supplier to Coal India (CIL) and has been a dominant player in the distribution driven Trade channel (Housing and Infra). On the export side, its products (mainly cartridge explosives and accessories) are exported to 57 countries around the world. The exports and...
Update On Solar Industries Ltd By HDFC Securities
Update On Solar Industries Ltd By HDFC Securities
Source: HDFC Securities
17/09/2021 12:12:46 PM
Add Solar Industries Ltd For Target Rs.1,750 - ICICI Securities Beat across segments Solar Industries’ (SOIL) earnings witnessed beat in revenue and profitability. This was on the back of impressive overseas execution (up 7.5% QoQ and 59% from Q1FY20). Domestic capital spending on roads infra has helped domestic revenues as Housing and Infra revenues reclaim Q1FY20 levels (up 102% YoY). SOIL is looking at next 5-10 years capacity creation within the country as demand is expected to takeoff. Certain levers are augmenting higher market share cap...
Add Solar Industries Ltd For Target Rs.1,750 - ICICI Securities
Add Solar Industries Ltd For Target Rs.1,750 - ICICI Securities
Source: ICICI Securities
6/09/2021 11:58:42 AM
Hold Solar Industries Ltd For Target Rs.1750 - ICICI Direct Strong earnings momentum continues… About the stock: Solar Industries (SIL) is the largest manufacturer of industrial explosives and explosive initiating systems in India. * It has a capacity of ~290,000 MT/year. It holds reasonable market share in India of ~28% * It also leads the exports share from India, which is around 70% in industrial explosive and initiating system * It exports to 51 countries in the world and has recently expanded its manufacturing base to many Afri...
Hold Solar Industries Ltd For Target Rs.1750 - ICICI Direct
Hold Solar Industries Ltd For Target Rs.1750 - ICICI Direct
Source: ICICI Direct
30/08/2021 9:48:08 AM
Solar power projects create employment in UP The huge investments being made by companies in the solar energy sector have opened up great opportunities for permanent employment in Uttar Pradesh. The UP government's Solar Energy Policy 2017 is not only dispelling darkness from every village of the state, but also creating plethora of opportunities for people to earn their living from it. According to the government spokesman, in the last four and a half years, solar power projects of 1,370 MW capacity have been commissioned whi...
Solar power projects create employment in UP
Solar power projects create employment in UP
Source: IANS
11/08/2021 1:46:20 PM
Add Solar Industries Ltd : Add Solar Industries Ltd For Target Rs.1,645 - ICICI Securities Add Solar Industries Ltd For Target Rs.1,645 Solar industries (SOIL) management guided for 30% topline growth in FY22E. 15% will be driven by volumes and 15% will be driven by higher realisations. PAT growth will be higher than 30%. EBITDA margins will move up to 22% over next few years driven by i) operating leverage ii) significant growth in overseas revenues and iii) defence business revenues picking up. Management targets to increase domestic capacity significantly over the course o...
Add Solar Industries Ltd : Add Solar Industries Ltd For Target Rs.1,645 - ICICI Securities
Add Solar Industries Ltd : Add Solar Industries Ltd For Target Rs.1,645 - ICICI Securities
Source: ICICI Securities Ltd
2/07/2021 9:15:59 AM
Add Solar Industries Ltd For Target Rs. 1,458 - ICICI Securities Well set for a prospective FY22 Domestic capital spending on roads infra, continue to add tailwinds to Solar Industries’ (SOIL) earnings. Q4FY21 witnessed ~47/50% QoQ/YoY increase in Housing and Infra revenues. The strength of the segment also manifests in higher standalone margins, up ~ 350bps QoQ/YoY. Change in stewardship has clearly not affected the ability to execute opportunities in the segment. Overseas/exports grew 31% YoY for FY21, allowing an impressive consolidated revenue...
Add Solar Industries Ltd For Target Rs. 1,458 - ICICI Securities
Add Solar Industries Ltd For Target Rs. 1,458 - ICICI Securities
Source: ICICI Securities
1/07/2021 11:41:42 AM
Buy Solar Industries India Ltd For Target Rs. 1,640 - ICICI Direct Resilient performance, better outlook… Solar Industries (SIL) reported robust numbers for Q4FY21 owing to favourable macros. The topline jumped 45% led by an all-round performance from coal, housing & infra and exports segments. Further, positive operating leverage kept margins buoyant. With the strong performance in Q4, Solar posted growth of 12% on FY20 base overcoming a difficult year with ease. The company has also announced a dividend of | 6/share during the quarter. Revenu...
Buy Solar Industries India Ltd For Target Rs. 1,640 - ICICI Direct
Buy Solar Industries India Ltd For Target Rs. 1,640 - ICICI Direct
Source: ICICI Direct
25/06/2021 11:15:03 AM
Solar Industries Ind Q4 net profit jumps 57.04% at Rs 69.85 cr The company reported standalone net profit of Rs 69.85 crore for the quarter ended March 31, 2021 as compared to Rs 44.48 crore in the same period last year, registering a year-on-year growth of 57.04 per cent. Net revenue of the company rose substantially by 39.14 per cent at Rs 546.04 crore in January-March quarter of this fiscal as against Rs 392.45 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 33.52 per cent to Rs 446.11 crore f...
Solar Industries Ind Q4 net profit jumps 57.04% at Rs 69.85 cr
Solar Industries Ind Q4 net profit jumps 57.04% at Rs 69.85 cr
Source: Dion Global Solutions Ltd
28/05/2021 11:19:32 AM
Solar Industries moves up on redeeming Commercial paper of Rs 50 crore Solar Industries (India) is currently trading at Rs. 1278.75, up by 3.10 points or 0.24% from its previous closing of Rs. 1275.65 on the BSE. The scrip opened at Rs. 1277.40 and has touched a high and low of Rs. 1285.75 and Rs. 1253.50 respectively. So far 251 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1420.00 on 10-Mar-2021 and a 52 week low of Rs. 846.00 on 25-Mar-2020. Last one week high and low of the s...
Solar Industries moves up on redeeming Commercial paper of Rs 50 crore
Solar Industries moves up on redeeming Commercial paper of Rs 50 crore
Source: Accord Fintech
25/03/2021 3:58:53 PM
Hold Solar Industries Ltd For Target Rs. 1,257 - ICICI Securities Overseas business outperforms Solar Industries’ (SOIL) has delivered an in-line EBITDA print for Q3FY21. While standalone margins disappointed (gross margins down from 41% to 31% QoQ), strength in overseas business driven by a turnaround in Turkey operations helped. Drop in standalone margins is on account of sharp inflation in commodity prices. Management expects the same to be passed on to customers in coming quarters. Standalone revenues are flat YoY, key highlight being 27% YoY i...
Hold Solar Industries Ltd For Target Rs. 1,257 - ICICI Securities
Hold Solar Industries Ltd For Target Rs. 1,257 - ICICI Securities
Source: ICICI Securities
22/02/2021 9:43:10 AM