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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
₹19,215.00
Market cap
₹1,73,877 Cr
Revenue (annual)
₹9,838 Cr
Net profit (annual)
₹1,678 Cr
P/E (TTM)
76.8×Sector 51.9×
Promoter holding
73.15%+0.00% QoQ
FII holding
6.13%Current quarter

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

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