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Earnings Call

Solar Industries India Earnings Call: Key Takeaways

Solar Industries delivered record FY26 performance with 30% revenue growth and 35% PAT growth, driven by defense and international business.

Why this was an Alfa AlertRevenue Beat: Guided 30% growth for FY26 but achieved 30% on a higher base; surpassed annual EBITDA guidance explicitly stated by management.
Highlights
Revenue growthFY26 up 30% YoY; Q4 up 41% YoY to ₹3,053cr.
MarginsFY26 EBITDA margin 27.95%; target to maintain current levels in FY27.
Order bookTotal ₹21,300cr: Defense ₹18,000cr; Non-defense ₹3,000cr.
Demand visibilityStrong; backed by massive ₹21,300cr order book across all verticals.
Management confidenceHigh confidence in sustaining margins and scaling defense vertical significantly.

Growth

FY26 Revenue ₹9,838cr (up 30%), EBITDA ₹2,750cr (up 35%), and PAT ₹1,737cr (up 35%) YoY.

Outlook

FY27 revenue target ₹14,000cr; planned capex ₹2,050cr; targeting ₹4,500cr defense revenue in FY27.

Risks

Geopolitical uncertainties affecting working capital; volatility in raw material prices (Ammonium Nitrate); potential short-term demand contraction.

Source

Earnings Call filed with NSE, NSE: SOLARINDS. Summary written with AI assistance from the document.

Read the document ↗

Solar Industries India Ltd: key numbers

Share price
₹19,745.00
Market cap
₹1,78,673 Cr
Revenue (annual)
₹9,838 Cr
Net profit (annual)
₹1,678 Cr
P/E (TTM)
89.7×Sector 53.6×
Promoter holding
73.15%+0.00% QoQ
FII holding
6.39%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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18:05 IST NSE
Credit Rating

Solar Industries India Credit Rating

Solar Industries India Limited received an [ICRA]A1+ rating for its commercial paper of Rs. 500 Crore from ICRA Limited.

Value
₹500.0 Cr
17:24 IST BSE
Credit Rating

Solar Industries India Credit Rating

CRISIL Ratings Limited has placed the bank loan facilities and non-convertible debentures of Solar Industries India Limited on 'Rating Watch with Developing Implications'.

16:07 IST NSE
Debt & Borrowing

Solar Industries India Debt & Borrowing: ₹75 Cr

Solar Industries India Limited has confirmed the redemption of Commercial Paper worth ₹75 Crore, fulfilling its payment obligation on the due date.

Value
₹75.00 Cr
12:22 IST BSE
Acquisition

Solar Industries India Acquisition Worth ₹12,951 Cr

Solar Industries India will acquire South Africa’s Omnia Holdings Limited in an all-cash deal valued at ₹12,951 Crore, expanding its global mining and explosives footprint.

Value
₹12,951 Cr
15:37 IST BSE
Credit Rating

Solar Industries India Credit Rating

ICRA has reaffirmed the [ICRA]A1+ rating on the company's commercial paper programme of Rs. 500 Crore. This maintains the company's current debt credit profile.

Value
₹500.0 Cr