Latest news with #SolarIndustries
Mint
5 days ago
- Business
- Mint
From ₹3740 to ₹16200: This mid-cap defence stock fires up 333% in just 2 years. Do you hold it?
Multibagger mid-cap defence stock in focus: Defence stocks are buzzing on the Indian stock market, witnessing a continued surge in demand from Dalal Street investors, helping the sector regain much of its lost momentum. These stocks have caught investors' attention this month amid rising geopolitical tensions, following a period of subdued performance due to valuation concerns. Nevertheless, some defence stocks—regardless of market volatility—have managed to stay on investors' radar, recording a spectacular surge in value, and one such stock in this regard is Solar Industries. The company, which manufactures and supplies industrial explosives and explosive accessories, has seen its share price soar massively in the last two years, rising from ₹ 3,740 to ₹ 16,200, resulting in a phenomenal gain of 333%. Impressively, the stock closed 17 out of the last 24 months in the green, with March being the biggest monthly gain of 29%, followed by the current month with a rally of 23% so far. In today's session, the stock touched another record high of ₹ 16,205 apiece. The sharp rally in this mid-cap defence stock has boosted its market capitalization by ₹ 1,12,639 crore, taking it to ₹ 1,46,448 crore. While many retail investors believe that low-priced stocks offer the quickest path to wealth creation, the steady ascent of Solar Industries underscores that strong fundamentals and a solid position in the industry can drive significant stock price growth—regardless of the stock's trading value. Solar Industries reported its highest-ever quarterly and annual performance in FY25, with revenue reaching ₹ 2,167 crore for the quarter and ₹ 7,540 crore for the year. The company also delivered record quarterly EBITDA and PAT of ₹ 546 crore and ₹ 371 crore, marking a year-on-year growth of 47% and 42%, respectively. On an annual basis, EBITDA stood at ₹ 2,031 crore and PAT at ₹ 1,288 crore, reflecting growth of 44% and 47%. The company achieved an EBITDA margin of approximately 27%, exceeding its annual guidance. It has reinforced its position as a major defence player globally, with its order book crossing ₹ 15,000 crore, including a ₹ 6,084 crore order for Pinaka rockets and ₹ 8,500 crore in international contracts, as per the company's Q4 earnings' filing. Looking ahead to FY26, the company is targeting 15–20% growth in its explosives segment and aims to surpass ₹ 3,000 crore in defence revenue, contributing to a projected total revenue of ₹ 10,000 crore, with defence expected to account for over 30%, up from 18%. As part of the Atmanirbhar Bharat initiative, Solar signed a ₹ 12,700 crore MoU with the Maharashtra government to invest in defence and aerospace over the next decade. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
India Gazette
26-05-2025
- Business
- India Gazette
Centre grants second one-year service extension to DRDO chief Dr Samir V Kamat
New Delhi [India], May 26 (ANI): In a significant decision, the centre has granted Dr Samir V Kamat, the Defence Research and Development Organisation (DRDO) chief, a one-year extension to his service until May 31, 2026. This is his second service extension. The Appointments Committee of the Cabinet approved the extension to the service of Dr Samir V Kamat, who is also the Secretary of the Department of Defence Research and Development (DDR&D). Kamat was appointed to the top post on August 25, 2022. An alumnus of IIT Kharagpur and The Ohio State University, USA, he joined DRDO in 1989 and previously served as Director General (Naval Systems and Materials). A distinguished scientist, Dr Kamat is a Fellow of the Indian National Academy of Engineering (INAE) and the Institution of Engineers India (IEI). He is a recipient of the Distinguished Alumni Award from IIT Kharagpur, the Metallurgist of the Year Award from the Ministry of Steel, and DRDO's Scientist of the Year Award. He has authored over 180 papers in international peer-reviewed journals. Earlier on May 22, DRDO Chairman Dr Samir V Kamat visited Solar Industries in Nagpur on Thursday. Solar Industries is a leading indigenous defence manufacturing company that contributes to India's self-reliance on defence production. During his visit, Dr Kamat reviewed the manufacturing processes of various defence products being developed by Solar Industries. In an exclusive interaction with ANI, Dr Kamat emphasised the growing role of private industry in strengthening India's defence capabilities. 'The private sector is playing a crucial role in the defence sector. To achieve the goals of 'Aatmanirbhar Bharat' and to enhance our combat strength, it is essential to promote indigenous defence manufacturing,' Kamat said. Referring to the recent conflict with Pakistan, Dr Kamat expressed satisfaction over the performance of DRDO-developed weapons systems, which were reportedly deployed during the operations. (ANI)
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Business Standard
26-05-2025
- Business
- Business Standard
Explosives stock up 62% so far in CY25, outruns market for 5th year in row
Solar Industries India share price movement: Solar Industries India share price hit a new high of ₹15,917.20; gaining 4 per cent on the BSE in Monday's intraday trade, on a healthy growth outlook. Thus far in the month of May 2025, Solar Industries stock price has rallied 21 per cent. Since March, the stock of India's largest manufacturer of industrial explosives has zoomed 83 per cent from a level of ₹8,692.60. Thus far in calendar year 2025 (CY25), Solar Industries shares have soared 62 per cent as compared to 5 per cent rise in the BSE Sensex. Notably, in the past four straight calendar years, between 2021 and 2024, Solar Industries shares outperformed the market. In CY21, the stock more-than-doubled, zooming 122 per cent, while it surged 82 per cent in CY22. Solar Industries stock gained 53 per cent in CY23, and 46 per cent in CY24. Follow Latest Stock Market Updates Today LIVE Solar Industries Q4 results Solar Industries achieved the highest-ever quarterly earnings before interest, taxes, depreciation and amortisation (Ebitda) and profit after tax (PAT) at ₹546 crore and ₹371 crore, respectively, registering a growth of 47 per cent and 42 per cent year-on-year (Y-o-Y) in Q4FY25. The company also logged the highest-ever yearly Ebitda and PAT at ₹2,031 crore and ₹1,288 crore in FY25, registering a robust growth of 44 per cent and 47 per cent, respectively. The company achieved around 27 per cent Ebitda margin, which was more than its annual guidance. Solar's international business is gaining good momentum and as a result, registered an 18 per cent Y-o-Y growth. Solar's ability to expand its global footprint and forging strong relationships with its customers as a trusted partner underscores the company's strength in identifying and capitalising on global opportunities. Strong Order Book Position The defence sector revenue increased from a small base of ₹517 crore to ₹1,355 crore, showing a growth of 162 per cent. According to the management, years of strategic efforts in building state-of-the-art facilities, developing a wide range of products, and qualifying products across the customers has positioned Solar Industries as a strong player in defence in the global market. This is reflected in the substantial increase in the company's order book to over ₹15,000 crore, including a landmark order of ₹6,084 crore for Pinaka rockets and contracts of around ₹8,500 crore from international markets. Aligned with India's Atmanirbhar Bharat initiative, Solar has signed a ₹12,700-crore MoU with the Government of Maharashtra to invest in defence and aerospace over the next decade. Now, Solar is entering FY26 on a strong footing, driven by growth of 15 per cent to 20 per cent from the explosive sector and a robust target to surpass ₹3,000 crore from defence. Supported by this momentum, the management said the company is targeting total revenues of ₹10,000 crore in FY26. ALSO READ | GE Vernova T&D India freezes in 10% upper limit today; key details inside Strong growth expected in defence segment Defence remains the fastest growing segment for the company (revenue CAGR 68 per cent over FY21-25), led by strong order inflows, healthy execution and focus on continuously expanding portfolio. With an order backlog of ~₹15,200 crore (11.2x FY25 defence revenue) along with a robust pipeline, ICICI Securities believes that there is a strong growth visibility in this segment. The company anticipates huge opportunity for its defence products across global markets and expects defence revenue at ₹8,000 crore in the next 4-5 years (40 per cent plus CAGR). Solar Industries has planned a capex of ₹2,500 crore for FY26 with a focus on further expansion of product portfolio. The company had also signed a MoU with the Government of Maharashtra to initiate the Anchor Mega Defence & Aerospace Project in Nagpur with an investment of around ₹12,700 crore (over the next 10 years), aimed at enhancing defence products like Drones, UAVs, Counter Drone systems, energetic materials, New Generation Explosives, and new Military transport Aircraft. The brokerage firm estimates defence segment revenue share to increase substantially to 31 per cent by FY27E (from 18 per cent in FY25). With a market leading share of ~25 per cent in the domestic industrial explosives market, analysts at the brokerage firm believe that the company is well poised to grow steadily led by healthy demand prospects from segments like mining, housing and infrastructure. The company witnessed some recovery in the explosives segment during FY25, led by 7 per cent volume growth with improvement in realisation. With an order backlog of over ₹1800 crore in explosives and stable raw material prices, the brokerage firm expects ~15 per cent revenue CAGR in this segment over FY25- 27E. In the exports/overseas segment also, analysts expect a further recovery over FY26-27E, led by rising exports inflows with further sizable opportunities. ICICI Securities rating & price target on Solar Industries Analysts at the brokerage firm believe Solar Industries is well positioned to witness healthy growth in the coming period, led by strong sector tailwinds. "We estimate revenue & PAT to grow at ~26 per cent & ~31 per cent CAGR respectively over FY25-27E," analysts said. The brokerage firm recommended a 'Buy' rating on Solar Industries with a share price target of ₹16,310 (based on 72x P/E on FY27E EPS). ALSO READ | JK Cement shares hit life-high after Q4 results; stock up 10% today About Solar Industries Solar Industries India, along with its subsidiaries, manufactures bulk explosives, packaged explosives and initiating systems, which find application in the mining, infrastructure and construction industries. The Group forayed into the defence sector in 2010 and diversified into the manufacturing of propellants for missiles and rockets, warheads and warhead explosives. At present, there are 32 manufacturing plants across nine states in India, in addition to seven overseas units in Zambia, Ghana, Nigeria, Turkey, South Africa, Tanzania and Indonesia.
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Business Standard
23-05-2025
- Business
- Business Standard
Breakout stocks! Max Financial, Hitachi, Solar Inds may rally up to 23%
Max Financial Services, Hitachi Energy and Solar Industries were trading above the higher-end of the Bollinger Bands on daily chart on Friday; here are the key levels to track on these 3 midcap stocks Rex Cano Mumbai Listen to This Article Max Financial Services (MFSL), Hitachi Energy India (NSE Code: PowerIndia) and Solar Industries India are the 3 midcap stocks on the NSE, to witness a breakout on the technical charts on Friday. Technical chart shows, that each of these 3 stocks - MFSL, Hitachi Energy and Solar Industries - were seen trading above the higher-end of the Bollinger Bands on the daily scale in intra-day trades on Friday, May 23, 2025. In general, stocks quoting above the higher-end of the Bollinger Bands continue to extend gains as long as they manage to sustain above the same.
India Gazette
22-05-2025
- Business
- India Gazette
Indigenous Defence systems crucial for future wars, says DRDO Chief in Nagpur
Nagpur (Maharashtra) [India], May 22 (ANI): Defence Research and Development Organisation (DRDO) Chairman Dr Samir V Kamat visited Solar Industries in Nagpur on Thursday. Solar Industries is a leading indigenous defence manufacturing company contributing to India's self-reliance in defence production. During his visit, Dr Kamat reviewed the manufacturing processes of various defence products being developed by Solar Industries. In an exclusive interaction with ANI, Dr Kamat emphasised the growing role of private industry in strengthening India's defence capabilities. 'The private sector is playing a crucial role in the defence sector. To achieve the goals of 'Aatmanirbhar Bharat' and to enhance our combat strength, it is essential to promote indigenous defence manufacturing,' Kamat said. Referring to the recent conflict with Pakistan, Dr Kamat expressed satisfaction over the performance of DRDO-developed weapons systems, which were reportedly deployed during the operations. 'Based on media reports and feedback from the armed forces, I am satisfied with the performance of our systems. However, we must also learn lessons from this conflict to improve our systems further and introduce newer technologies to meet the emerging challenges of modern warfare,' he noted. Dr Kamat added that DRDO is currently working on several advanced systems, including missiles, air-based weapons, naval systems, and various sensors, particularly those designed for drone detection and neutralisation. 'I am confident these systems will be inducted into service within six months to one year. They will significantly enhance the capabilities of our armed forces to fight future wars,' he said. He also mentioned upcoming projects like the Man Portable Anti-Tank Guided Missile (MPA-TGM), the Vertically Launched--Short-Range Surface-To-Air Missile (VLR-SAM), heavy-weight torpedoes, precision-guided munitions, and a range of advanced land and sea mines, which are in advanced stages of development or trials. Satyanarayan Nuwal, Chairman, Solar Industries India Ltd, spoke on the role of solar industries and told ANI, 'The war pattern is changing if we look at Azerbaijan, Armenia, Russia, Ukraine. Recently, we manufactured five types of Nagastra (drones). Nagastra-1 was used (in the India-Pakistan conflict). Three variants of Nagastra-1, which are Nagastra-2 and Nagastra-3, are in the trial phase. I believe it will play a significant role in the current conflict... All the variants of Pinaka have been tested... Pinaka weapon, which is indigenous, is a game changer and cost-effective... In the coming time, we will contribute whatever we can to the nation. Whenever we have been called upon to fulfil a need, we are ready to invest even if we do not have any assurances.' (ANI)
