19,024.00
+2.24%
Close of 9 Nov 2026, in INR
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About Solar Industries India
Its shares trade on NSE under the ticker SOLARINDS.NS. It has been listed since 28 March 2006. In the fiscal year to 31 March 2026, it reported revenue of ₹98.38bn and net income of ₹16.78bn. At that date it held total assets of ₹109.19bn and shareholders' equity of ₹62.77bn.
Solar Industries India Ltd. manufactures, supplies and exports industrial explosives and initiating systems. The company is headquartered in Nagpur, Maharashtra. The company went IPO on 2006-03-28. The firm offers industrial explosives and defense products. Its industrial explosives products consist of Packaged Explosives, which include Superpower 90, SuperPower 80, Solar Prime, Solar Gel, Solar Gel-E, Solarprime-E and Superpower-GOLD; Bulk Explosives, which include Solar BE- 201, Solar BE- 101 and Solar BE- 909; Initiating Systems, which includes Microdet-1 Electronic Detonator. Its defense products consist of Military Explosives, which include TNT, RDX and HMX; Bombs & Warheads, which include Air Bombs, Rockets, Torpedos, and War Heads for Rockets and Missiles; Initiating Systems & Pyros, which include Fuzes, Detonators, Ignitors, Decoys & Flare, and Riot Control Devices; Ammunitions, which include Multi Mode Hand Grenades, Medium Caliber and Large Caliber; Integration of Rockets, which include Composite Propellants and Gun Propellants.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Materials
- Industry
- Chemicals
- Listed since
- 28 Mar 2006
- Employees
- 3,168
- Website
- solargroup.com/#contact ↗
Leadership
Pay as last reported
- Shri. Satyanarayan NuwalNon-Executive Chairman of the Board, since 1995₹123.0m
- Shri. Manish NuwalChief Executive Officer, Managing Director, Executive Director, since 2016₹240.8m
- Shri. Moneesh AgrawalJoint Chief Financial Officer
- Smt. Shalinee MandhanaJoint Chief Financial Officer
- Ms. Khushboo PasariChief Compliance Officer, Company Secretary
- Shri. Milind DeshmukhWhole Time Director, since 2021₹10.7m
- Shri. Suresh MenonWhole Time Director, since 2018₹14.5m
- Ms. Girija BalakrishnanAdditional Non-Executive Independent Director
- Mr. Dinesh BatraAdditional Non-Executive Independent Director₹500,000
- Shri. Ramesh BhujangAdditional Non-Executive Independent Director
- Shri. Viswanathan LakshmananAdditional Non-Executive Independent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 60
- Environment
- 73
- Social
- 51
- Governance
- 58
- Direct emissions (scope 1)
- 49,286 t
- Energy emissions (scope 2)
- 14,195 t
- Women in the workforce
- 4.13%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Solar Industries India Ltd has a strong market presence, being recognized as a leading manufacturer of explosives and explosive initiating systems.
- The company has a diverse range of products and services, catering to various industries including mining, defense, and infrastructure.
- Solar Industries India Ltd possesses advanced manufacturing facilities and cutting-edge technology, ensuring high-quality products and efficient production processes.
- The company has a well-established distribution network, enabling widespread reach and effective supply chain management.
Weaknesses
- Solar Industries India Ltd is susceptible to regulatory changes and environmental concerns, as the explosive industry operates under strict regulations.
- The company heavily relies on a few key clients, which poses a risk in case of contract terminations or changes in demand.
- Solar Industries India Ltd faces intense competition from both domestic and international players, requiring constant innovation and differentiation.
Opportunities
- The increasing demand for explosives in the mining and infrastructure sectors presents significant growth opportunities for Solar Industries India Ltd.
- The company can explore new markets and expand its international presence, leveraging its expertise and reputation.
- Solar Industries India Ltd can diversify its product portfolio by introducing new technologies and solutions to meet evolving customer needs.
- There is a growing focus on sustainable explosives and green mining practices, which the company can capitalize on by investing in eco-friendly innovations.
Threats
- Fluctuating raw material prices can impact the profitability of Solar Industries India Ltd.
- The possibility of economic downturns or geopolitical tensions can affect the demand for explosives and disrupt the company's operations.
- Increasing competition and the entry of new players may pose challenges to Solar Industries India Ltd's market share and pricing strategies.
- Emerging technologies and alternative methods in industries like mining could potentially reduce the demand for traditional explosives and impact the company's market position.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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