Solar Industries India Ltd
NSE:SOLARINDS

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Solar Industries India Ltd Logo
Solar Industries India Ltd
NSE:SOLARINDS
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Price: 15 439 INR 0.4% Market Closed
Market Cap: ₹1.4T

P/E

96.3
Current
17%
More Expensive
vs 3-y average of 82.2

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
96.3
=
Market Cap
₹1.2T
/
Net Income
₹14.5B

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
96.3
=
Market Cap
₹1.2T
/
Net Income
₹14.5B

Valuation Scenarios

Solar Industries India Ltd is trading above its 3-year average

If P/E returns to its 3-Year Average (82.2), the stock would be worth ₹13 188.14 (15% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-73%
Maximum Upside
No Upside Scenarios
Average Downside
49%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 96.3 ₹15 439
0%
3-Year Average 82.2 ₹13 188.14
-15%
5-Year Average 59.5 ₹9 546.2
-38%
Industry Average 26.4 ₹4 241
-73%
Country Average 28.7 ₹4 602.99
-70%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
₹1.2T
/
Jan 2026
₹14.5B
=
96.3
Current
₹1.2T
/
Mar 2026
₹17B
=
71.4
Forward
₹1.2T
/
Mar 2027
₹22.1B
=
54.9
Forward
₹1.2T
/
Mar 2028
₹26.3B
=
46.1
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Market Distribution

Higher than 90% of companies in India
Percentile
90th
Based on 3 123 companies
90th percentile
96.3
Low
0 — 18.9
Typical Range
18.9 — 44.4
High
44.4 —
Distribution Statistics
India
Min 0
30th Percentile 18.9
Median 28.7
70th Percentile 44.4
Max 877 228.1

Solar Industries India Ltd
Glance View

In the heart of industrial India, where innovation meets opportunity, Solar Industries India Ltd has carved a niche that blends the art of explosive manufacturing with strategic business acumen. Founded in 1995, the company has evolved from its humble beginnings in Nagpur to become a leading explosives manufacturer, holding the distinction of being India’s largest and among the top global players. The company is best known for its production of industrial explosives and initiating systems, serving sectors such as mining, infrastructure, and defense. What sets Solar Industries apart is its integrated approach, from manufacturing the raw materials to delivering the final product and providing technical support, ensuring that clients receive a comprehensive solution tailored to their specific needs. At the core of its financial success is Solar Industries' ability to capitalize on both domestic and international markets, enabling a robust revenue stream. Primarily, the company generates income from the sale of explosives used in mining projects, where its products help in efficient extraction of minerals. Additionally, with a keen eye on diversification, Solar Industries extends its reach into the growing defense sector, offering ammunition and related defense products, which represent a promising vertical with significant growth potential. By combining its deep industrial expertise with strategic expansions into newer domains, Solar Industries not only fuels its own growth but also contributes significantly to the industries it serves, maintaining a steady pulse on the markets and technologies that drive its business forward.

SOLARINDS Intrinsic Value
4 665.34 INR
Overvaluation 70%
Intrinsic Value
Price ₹15 439
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