Solar Industries India Limited Share Price and Company Fundamentals
Last traded: Today at 9:59 AM
Solar Industries India Limited, together with its subsidiaries, engages in the manufacture and sale of industrial explosives and explosive initiating devices in India and internationally. It offers industrial explosives, such as packaged and bulk explosives; and initiating systems, including electronic, non-electric, electric, and plain detonators, as well as cord relays, cast boosters, detonating cords, and aluminum elemented det products. The company also provides defense products, including unmanned aerial systems and drones, ammunitions, military explosives, bombs and warheads, rockets, and drones armed with guided missiles, as well as counter drone systems and initiating systems and pyros comprising fuzes, detonators, ignitors, decoys and flares, and riot control devices. It primarily serves mining, defense, and infrastructure sectors. The company was formerly known as Solar Explosives Limited and changed its name to Solar Industries India Limited in February 2009. Solar Industries India Limited was founded in 1983 and is headquartered in Nagpur, India.
Key Metrics
PE ratio
55.95
PB ratio
12.90
Dividend yield
0.28%
Beta
0.17
Market cap
-
Enterprise value
-
Company profile
| Industry / Sector | Specialty Chemicals / Basic Materials |
|---|---|
| Full time employees | 1891 |
| Website | https://solargroup.com |
| Mailing address | Solar House 14, Kachimet Amravati Road Nagpur 440023 India |
| Phone / Fax | 91 71 2663 4555 / 91 71 2663 4578 |
Dividends
Dividend yield
0.28%
Dividend amount
₹7.50
Payout ratio
12.30%
5Y Avg. yield
0.49%
Solar Industries India Limited paid ₹7.50 dividend and the ex-dividend date was 27 May 2022.The dividend payout ratio is 12.30%. The dividend payout ratio is defined as the amout of dividend paid divided by the earnings of the company.SOLARINDS dividend payout ratio is less than 70. This is ideal as it gives company room to grow the dividends and also the excess earnings can be invested in company for growth.
SOLARINDS's forward dividend amount is ₹7.5 and the forward dividend yield is 0.28%. A forward dividend yield is the percentage of a company's current stock price that it expects to pay out as dividends over a certain time period, generally 12 months. Forward dividend yields are generally used in circumstances where the yield is predictable based on past instances. If not, trailing yields, which indicate the same value over the previous 12 months, are used.
Company Executives
As of Jul 2022, following are the company executives and directors listed on Solar Industries India Limited.
| Name | Title | Age | Total Pay |
|---|---|---|---|
| Mr. Manish Satyanarayan Nuwal | CEO, MD & Exec. Director | 47 | 51M |
| Mr. Moneesh Agrawal | Joint Chief Financial Officer | 3M | |
| Ms. Shalinee Mandhana | Joint Chief Financial Officer | 2.2M | |
| Ms. Khushboo Anish Pasari | Compliance Officer & Company Sec. | 1.8M | |
| Mr. Suresh Menon | Exec. Director | 61 | 6.2M |
| Mr. Milind Deshmukh | Additional Whole Time Director | 56 | 6.69M |
| Mr. Kedar Ambikar | Gen. Mang. of Corp. HR | ||
| Mr. Sanjay Singh | Sr. Gen. Mang. of Safety | ||
| Mr. Prashant Joshi | Sr. Gen. Mang.- IT |
Profitability and management effectiveness
Profit margin
11.18%
Operating margin
17.13%
Return on assets
12.52%
Return on equity
24.91%
Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders' equity over time, using data from a specific point in time.
The return on equity signifies how well the management is running the company in terms of capital management. The ideal return on equity is greater than 10%. The return on equity is calculated as net income divided by total share holders equity.
Valuation and Trading Info
The market capitalization of Solar Industries India Limited is and its enterprise value is .
The SOLARINDS's stocks Beta value is 0.17 making it 83% less volatile compared to NSE market index. Technology stocks and small caps tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but also increase its expected return. On the other hand utility stocks often have low betas because they tend to move more slowly than market averages.
Solar Industries India Limited (NSE:SOLARINDS) Frequently Asked Questions
1. What is Solar Industries India Limited's Stock Symbol?
Solar Industries India Limited trades on NSE under the ticker symbol "SOLARINDS".
2. What is Solar Industries India Limited's stock price today?
One share of SOLARINDS stock can currently be purchased for approximately ₹2681.6.
3. How can I contact Solar Industries India Limited?
Solar Industries India Limited's mailing address is Solar House 14, Kachimet Amravati Road Nagpur 440023 India. The company can be reached via phone at 91 71 2663 4555.
4. What is Solar Industries India Limited's official website?
The official website of Solar Industries India Limited is https://solargroup.com.