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Earnings Call Transcript

Solar Industries India Earnings Call Transcript: Key Takeaways

Solar Industries announced the acquisition of Omnia Holdings (South Africa) to create an integrated global explosives platform. Management projects consolidated FY28 revenue exceeding ₹30,000 crores with EBITDA near ₹7,000 crores.

Guidance and delivery
Management target Revenue 114.3% FY28
Highlights
Revenue growthGuided ₹30,000Cr+ consolidated revenue by FY28.
MarginsTargeting 22-23% EBITDA margins for the consolidated entity.
Demand visibilityStrong outlook in mining and agritech across Africa/SADC.
Management confidenceHigh; emphasizing robust balance sheet and operational synergies.

Growth

Projects FY28 revenue growth from ₹14,000Cr base to ₹16,500Cr (Solar standalone) plus ₹15,000Cr+ from Omnia.

Outlook

₹12,000Cr capex for defense; target net-debt-to-EBITDA below 2.0x post-acquisition; expansion into 100+ countries.

Risks

Integration of global operations across 25 countries and managing diverse country-specific risks.

Last quarter's promises, checked

Delivered

  • Guided FY26 Revenue ₹9,500Cr+ → delivered ₹9,838Cr (= BEAT)
  • Guided FY26 EBITDA Margin ~27% → delivered 27.95% (= BEAT)
  • Guided Defense Revenue doubling/₹2,600Cr+ → delivered ₹2,634Cr (= BEAT)

Partly delivered

  • Guided annual Capex ₹2,000Cr+ → delivered ₹2,700Cr over 2 years (= PARTIAL)
Source

Earnings Call Transcript filed with BSE, 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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