Synopsis:
Solar Industries India Limited has secured an order worth Rs. 483 crores for the supply of bulk explosives to SEC.
The shares of a large-cap company, known for manufacturing a complete range of industrial explosives and initiation devices, drew investor attention after securing a Rs. 483 crore order.
With a market capitalization of Rs.1,26,58744 crores, the shares of Solar Industries India Limited closed at Rs.13,989.10, down by 1.11 percent from its previous day closing price of Rs.14,145.75.
Order
Solar Industries India Limited has secured a significant domestic order for the supply of bulk explosives from South Eastern Coalfields Limited (SECL), which is a subsidiary of Coal India Limited. The total value of the order is Rs. 483 crores, and the company is required to deliver the explosives over a period of two years.
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About the Company
Solar Industries India Limited is a leading manufacturer of a complete range of industrial explosives and initiating devices. The company produces various packaged emulsion explosives, bulk explosives, and explosive initiation systems, and has also expanded into ammunition production for military applications.
It operates the world’s largest single-location packaged explosives manufacturing facility in Nagpur, India, and has a strong pan-India presence with 34 manufacturing units. Globally, Solar Industries has a presence in over 65 countries, including manufacturing facilities in five nations.
The company serves major mining and infrastructure players, both in India and internationally, including renowned clients such as Coal India Limited, Singareni Collieries, Vedanta Ltd, and others.
The company’s revenue rose from Rs.1,685 crore in Q1FY25 to Rs.2,154 crore in Q1FY26, while its net profit rose from Rs.301 crore to Rs.353 crore during the same period. It has a return on equity of 32 percent and a return on capital employed of 38 percent. The company’s P/E ratio is 100.32, compared to the industry average of 23.40.
Written by Jhanavi Sivakumar
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