Solar Industries India logo

SOLARINDS - Solar Industries India Share Price

₹1068.1 33.5  3.2%

Last Trade - 01/10/20

Sector
Basic Materials
Size
Mid Cap
Market Cap £1.02bn
Enterprise Value £1.08bn
Revenue £222.0m
Position in Universe 238th / 3013
Bullish
Bearish
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Momentum
Relative Strength (%)
1m -1.33%
3m
6m
1yr
Volume Change (%)
10d / 3m
Price vs... (%)
52w High -20.8%
50d MA
200d MA
Growth & Value
12m Forecast Rolling Industry Market
Valuation (ttm) Industry Market
Margin of Safety
Qualifying GuruScreens
Financial Summary
Year End 31st Mar 2015 2016 2017 2018 2019 2020 2021E 2022E CAGR / Avg
13,519 15,740 17,113 19,515 24,616 22,373 21,865 28,048 +10.6%
+22.8 +5.6 +14.8 +18.0 +21.2 +4.8 -23.8 +50.7
PEG
Profitability
ROA
%
%
Cashflow
Dividends
Balance Sheet
NFA
m
FINANCIAL BRIEF: : For the three months ended 30 June 2020, Solar Industries India Ltd revenues decreased 21% to RS4.91B. Net income decreased 41% to RS421M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects Depreciation and Amortisation expense increase of 17% to RS227.9M (expense), Other Income decrease of 32% to RS38.8M (income), Finance Costs increase of 2% to RS123M (expense).
Health Trend(F-Score)
0 1 2 3 4 5 6 7 8 9
Bankruptcy Score(Z-Score)
Distress
Cautious
Safe
Earnings Manipulation Risk(M-Score)
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Recent History
Latest interim period vs. prior period Industry Market
3yr Compound Annual Growth Rate Industry Market
Graphical History

Revenue

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Net Income

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Normalised EPS

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PE Ratio Range

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Dividend Yield Range

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Analyst Forecasts
Price Target:
( below Price)
31st Dec 2020
31st Dec 2021
Est. Long Term Growth Rate: Net Profit
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EPS
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Net Profit
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EPS
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Consensus Estimate
1m Change
3m Change
Analyst Consensus
Strong Sell Sell Hold Buy Strong Buy
EPS 2019 /  2020
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Profile Summary

Solar Industries India Limited is an explosives manufacturing company. The Company manufactures, supplies and exports industrial explosives and initiating systems. It manufactures various explosives products, such as Slurry and emulsion base explosives, bulk explosives, detonators, pentaerythritol tetranitrate (PETN) and accessories. The Company's products include Large Dia slurry Explosives, Small Dia Emulsion, Small Dia Slurry Explosives, Solar Detonators, Supreme Detonators, Supreme Electric Detonators, Economic Sod, Eco Det, Cord Relay, Cast Booster and Detonating Fuse. Its products are used across mining and infrastructure sectors. It also offers high melting explosive (HMX) and HMX Compounded products to the defense sector. The Company has 25 manufacturing plants eight states in India and three in overseas locations. The Company offers its products to 42 countries across the globe. The Company has manufacturing facilities at Zambia, Nigeria and Turkey.

Directors
Last Annual March 31st, 2020
Last Interim June 30th, 2020
Incorporated February 24, 1995
Public Since March 28, 2006
No. of Shareholders: 13,386
No. of Employees: 1,965
Sector Basic Materials
Industry Chemicals
Index
Exchange National Stock Exchange of India
Shares in Issue 90,490,055
Free Float (0.0%)
Eligible for
ISAs
SIPPs
SOLARINDS Share Price Performance
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Day's Change
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Latest News for SOLARINDS
Upcoming Events for SOLARINDS
Frequently Asked Questions for Solar Industries India
What is the Solar Industries India share price?

As of 01/10/20, shares in Solar Industries India are trading at ₹1068.1, giving the company a market capitalisation of £1.02bn. This share price information is delayed by 15 minutes.

How has the Solar Industries India share price performed this year?

Shares in Solar Industries India are currently trading at ₹1068.1 and the price has moved by -3.09% over the past 365 days. In terms of relative price strength - which takes into account the overall market trend - the Solar Industries India price has moved by -2.86% over the past year.

What are the analyst and broker recommendations for Solar Industries India?

Of the analysts with advisory recommendations for Solar Industries India, there are there are currently 2 "buy" , 2 "hold" and 0 "sell" recommendations. The overall consensus recommendation for Solar Industries India is Hold. You can view the full broker recommendation list by unlocking its StockReport.

When will Solar Industries India next release its financial results?

Solar Industries India is scheduled to issue upcoming financial results on the following dates:

Interim results are scheduled for: 2021-06-30
What is the Solar Industries India dividend yield?

The Solar Industries India dividend yield is 0.56% based on the trailing twelve month period.

Does Solar Industries India pay a dividend?

Last year, Solar Industries India paid a total dividend of 6, and it currently has a trailing dividend yield of 0.56%. Looking ahead, Solar Industries India has not announced an ex-dividend date yet.

When does Solar Industries India next pay dividends?

Solar Industries India has yet to annouce their ex-dividend date. The historic dividend yield on Solar Industries India shares is currently 0.56%.

How do I buy Solar Industries India shares?

To buy shares in Solar Industries India you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.

What is the market cap of Solar Industries India?

Shares in Solar Industries India are currently trading at ₹1068.1, giving the company a market capitalisation of £1.02bn.

Where are Solar Industries India shares listed? Where are Solar Industries India shares listed?

Here are the trading details for Solar Industries India:

Country of listing: India
Exchange: NSI
Ticker Symbol: SOLARINDS
What kind of share is Solar Industries India?

Based on an overall assessment of its quality, value and momentum, Solar Industries India is currently classified as a High Flyer. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.

Is there a Solar Industries India share price forecast 2020?

Shares in Solar Industries India are currently priced at ₹1068.1. At that level they are trading at 1.1% premium to the analyst consensus target price of 0.00.

Analysts covering Solar Industries India currently have a consensus Earnings Per Share (EPS) forecast of 23.74 for the next financial year.

How can I tell whether the Solar Industries India share price will go up?

An important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like Solar Industries India. Over the past six months, the relative strength of its shares against the market has been -6.35%. At the current price of ₹1068.1, shares in Solar Industries India are trading at 3.81% against their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.

What is the Solar Industries India PE Ratio?

The Solar Industries India PE ratio based on its reported earnings over the past 12 months is 40.54. The shares are currently trading at ₹1068.1.

The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. It is calculated by dividing a company's price per share by its earnings per share.

The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. So in general terms, the higher the PE, the more expensive the stock is.

Who are the key directors of Solar Industries India?

Solar Industries India's management team is headed by:

Satyanarayan Nuwal - CHM
Manish Nuwal - MDR
Anant Awasthi - NID
Nilesh Panpaliya - CFO
Khushboo Pasari - SEC
Dilip Patel - NID
Ajai Nigam - NID
Madhu Vij - IND
Anil Jain - CEO
Suresh Menon - EDR
Sunil Srivastav - NID
Who are the major shareholders of Solar Industries India?

Here are the top five shareholders of Solar Industries India based on the size of their shareholding:

Nuwal (Manish Satyanarayan) Individual Investor
Percentage owned: 27.88% (25.2m shares)
Nuwal (Kailashchandra Nandlalji) Individual Investor
Percentage owned: 23.08% (20.9m shares)
Nuwal (Satyanarayan Nandlal) Individual Investor
Percentage owned: 14.63% (13.2m shares)
Nuwal (Indiradevi Kailashchandra) Individual Investor
Percentage owned: 6.15% (5.57m shares)
SBI Funds Management Pvt. Ltd. Investment Advisor
Percentage owned: 5.94% (5.38m shares)
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