SOLARINDS

Chemicals

₹4612.55

0.00 (0.00%)

Market Cap	42,019 Cr		EPS	86.7		High	4637
Stock P/E	54.2		Net Profit Margin	12.0		Low	4588.05

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Performance

Today’s Low

Today’s High

4588.05

4637

52W Low

52W High

3412.75

4980

Open Price	4635	Volume	2
Prev. Close	4591.95

Fundamentals

Market Cap	42,019 Cr	ROE	35.9%
P/E Ratio(TTM)	54.2	EPS(TTM)	0.0
P/B Ratio	15.1	Dividend Yield	0.2%
Industry P/E	55.7	Book Value	310.8
		Face Value	2.0

About the Company

Solar Explosives, a Solar group company was incorporated on February 24, 1995 by Satyanarayan Nuwal, Nandlal Nuwal and Kailashchandra Nuwal. The journey of “Solar” Group started in the year 1984 when a proprietary firm Solar Explosives was formed by Satyanarayan Nuwal for trading in Explosives. In this year one of the, then largest Indian Explosive manufacturing company awarded its first consignment agency to Solar Explosives. The name of Solar Explosives Limited got changed to Solar Industries India Limited and the trading symbol of the company on NSE was changed from SOLAREX to SOLARINDS with effect from April 13, 2009.

Solar Group has evolved from a single site manufacturing company in 1995 to a globally recognised Industrial Explosives manufacturer today. With extensive experience, expertise and potential founded on years of experience in the Industrial Explosives segment, the company has entered into Defence and setup one of the world’s most integrated facilities for Ammunition.

Its innovation edge is rooted in a strategic blend of talented manpower and technological prowess. The company bank on its rich experience to create sustainable value and intend to accelerate towards excellence at an impressive pace. The company employ a comprehensive suite of robust best practice policies, and are committed to the safety, health, and wellbeing of people, communities and the environment.

Business area of the company

The company is one of the largest domestic manufacturer and supplier of bulk and cartridge explosives, detonators, detonating cords, and components.

Products

Industrial Explosives
Defence

Milestones

1983: Commenced explosives trading business
1996: Started production of Detonators
1998: Added Detonating Cord, Cast Booster and PETN to product portfolio
2000: Commenced production of Packaged Explosives after being incorporated in 1995
2001: Commenced production of Bulk Explosives
2006: Listed shares on Bombay Stock Exchange and National Stock Exchange
2006: Commenced Exports
2007: Extended India presence by setting up new bulk plants
2009: Emerged as India’s largest explosives manufacturer
2009: Set up manufacturing units at Zambia and Nigeria
2010: Ventured into Defence Segment for manufacturing HMX and Propellants
2011-12: Set up manufacturing unit at Turkey
2013: Commenced manufacturing of 3-layer shock tubes.
2013: Started commercial production of Electronic Detonators
2013: Introduced underground Bulk Explosives
2015: Started supplying HMX and HMX Compounds
2016: Set up facilities to manufacture Warhead Filling, Pyros, Ignitors, Propellants for Pinaka Mark-II
2017: Operationalised plant in South Africa. Started getting Bulk Defence Order
2018: Started Export of Defence Products
2018: Received TOT for mass production of Crucial Solid Propellant Booster of BrahMos missiles
2019: Defence turnover stood at Rs 170.20 crore for FY 18-19
2020: Celebrating 25 Years of excellence in the field of Explosives