Solar Industries Share Price Target 2024, 2025, 2030, 2040

If you think about which share will be best for investment in recent times then you should know about Solar Industries Share Price Target. Today in our blog we will explain the basic idea about Solar Industries Share Price Target 2024, 2025, 2030, 2040. We did the research and took advice from experts to make this blog about the company’s growth, performance, etc.

Solar Industries Share Price Target is a trading share in the share market. In this article, we will discuss the company’s financial growth, the business policy of the company, the shareholding pattern of the company, and the forecast share price yearly. We use expert data and analysis to give a clear knowledge about Solar Industries Share Price Target. This article may be helpful to those who want to invest in this share right now. Let’s look at Solar Industries Share Price Target 2024 to 2040.

What is Solar Industries Company?

Solar Industries India Ltd is a manufacturing company of explosives and defense products. The products of Solar Industries are also used for construction, road and infrastructure, mining, tunneling, and hydro projects. The company was established in the year 1995, on 24th February. Solar Industries Company mainly manufactures and exports defense products including missiles and rockets, bombs, and pyros. The company expanded its business in India and the international market.

Overview Of Solar Industries India Ltd

Solar Industries Company manufactures initiating systems such as electronic detonators, non-electric detonators, cord relays, aluminum elements det, plain detonators, and cast boosters. Bulk explosives products, under-packaged, non-permitted, permitted, and seismic explosives. Under non-permitted explosives, some products are Superpower 90, SuperPower 80, Solar Gel, Solarprime Maxx, and Solarprime-E.

The company was founded by Satyanarayan Nuwal. After the establishment of Solar Explosives Limited in the year 1996 at Nagpur. In 1997 under Economic Explosives Limited, the promoter started to manufacture Detonators, in 1997 the company also started to manufacture explosive components. In the year 2005, the company’s other brunch Solar Capitals Limited got the approval for a production capacity of 6000MT. The company’s previous name was Solar Explosive Limited which was changed in the year 2009 to Solar Industries India Limited.

Financial Data Analysis Of Solar Industries Company

Before investing any share anyone wants to see the company’s performance, overall profit, and net sales amount. We need a basic idea about the company’s PE ratio, return on assets, current ratio, and return on equity. In the below portion, we discuss the performance of the company. Solar Industries Share Price Target also depended upon the ratio which is described below.

PE Ratio (Price To Earning Ratio)

PE Ratio is calculated by Market price per share Earning price per share. It means the number of times an investor is ready to pay as compared to earnings time. Solar Industries Company has a PE ratio of 179.68, which is Overvalued.

Return on Assets (ROA)

ROA is calculated by Profit After tax ÷ Total Assets. ROA is influenced by 2 factors return on sales and asset turnover. Solar Industries Company has a ROA of 19.86%, which is a good sign for the company’s growth.

Current Ratio

The current Ratio is calculated by Current Assets ÷ Current Liabilities. Solar Industries Company has a current ratio of 2.50.

Return On Equity (ROE)

ROE is measured by = Net profit ÷ Average Share holding equity. Solar Industries Company has an ROE of 28.99%, higher is better.

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Solar Industries Share Price NSE

Solar Energies Share is listed with both the Indian Stock Exchange NSE (National Stock Exchange) and BSE (Bombay Stock Exchange). NSE Sine of Solar Industries is SOLARINDS. The latest NSE Price of Solar Industries is (As of 15.07.2024 at 4:00 pm) ₹12,01310 with a growth rate of +16.50 (0.14%).

Solar Industries Share Price BSE

Solar Energies Share is listed with both the Indian Stock Exchange NSE (National Stock Exchange) and BSE (Bombay Stock Exchange). The BSE code of the share is 532725. The latest BSE Price of Solar Industries is (As of 15.07.2024 at 04:01 pm) ₹11,958.35 with a growth rate of -36.10 (-0.30%).

Dividend History Of Solar Industries Share

In the year 2011 Solar Industries Company recommended a final dividend of 40%, in the year 2012, it recommended a final dividend of 50%, in the year 2013 the company recommended a final dividend of 60% which is ₹6 per share on equity share of ₹10 and in the year 2014 the company recommended a final dividend of 70% which is ₹7 per Equity Share.

Solar Industries Share Price History From The Year 2024 to 2040

Solar Industries Share is a bullish trend in the share market. The last 1-month share price growth was +2,057.00 (20.46%), the last 6 months’ share price growth was +4,960.45 (69.38%), the last 1 year’s share price growth was +8,428.60 (228.95%), maximum share price growth of the share is +12,061.86 (25,055.80%).

From Solar Industries Share Price return amount for the last 3 months was 39.65%, the last 1 month’s return amount was 21.37%, the last 1 year’s return amount was 226.07% and the last 3 year’s return amount was 620.86%. Solar Industries Share always gives to good return to investors. If anyone wants to invest in the share it will be profitable on a long-term and short-term basis. Let’s have a look at Solar Industries Share Price Target from 2024 to 2040.

Solar Industries Share Price Target 2024

The products of Solar Industries are used in different fields like mining defense, housing, infrastructure, space application, etc. One of the important fields of Solar Industries is space application. The company has decided to invest in ‘Skyroot Aerospace’ to manufacture space launch vehicles. Another brunch of Economic Explosives Limited started manufacturing Booster Motor for PSLV rockets. Solar Industries Company also built a tie-up with ISRO to help them by manufacturing different components for space operations. Solar Industries Company spent 25 years in the field of Explosives.

In the last 3 years Solar Industries Company has shown a good revenue which is 41.01% and the company’s annual revenue growth is 76.12%. The total revenue amount on March 2022 was ₹2,653.25 Crore which became ₹4,235.23 Crore on March 2023. The total revenue amount from operations was ₹2,652.23 Crore in 2022, March which became ₹4,236.23 Crore in 2023, March. If we look at the share price forecast of Solar Industries Share Price Target 2024, the 1st Price Target is ₹9,425.13 and the 2nd Price Target is ₹13,552.02.

Solar Industries Share Price Target 2025

In the defence component manufacturing sector Solar Industries company play an important role. Solar Industries Company manufactures warheads for the weaponization of Drones. The company manufactures fragmentation cum blast warheads weight 01-10 Kg which can destroy enemies from a radius of 9-30m.

A subsidiary of Solar Industries known as Economic Explosives situated in Nagpur also produces Multi-Mode Hand Grenade that is also used for the safety purposes of Soldiers. In recent times Solar Industries company received a defence order ₹455 Crore. Solar Industries always gives importance to the R&D field for more development in the manufacturing field. In the last 5 years, the company has invested ₹58 Crore in R&D purposes, and the quality control team of the R&D side has 170 professionals.

The last 5 years’ profit growth of Solar Industries Company was 28.2%, and the last 3 years’ profit growth was 29.2% which reached 71.23% in the last 1 year. The net profit amount was ₹262.56 Crore in the year 2022, March which became ₹447.41 Crore in the year 2023, March. The profit amount from the operation was ₹360.12 Crore in March 2022 which became ₹625.12 Crore in March 2023. If we look at the share price forecast of Solar Industries Share Price Target 2025 the 1st Price Target is ₹13,620 and the 2nd Price Target is ₹15,963.12.

Solar Industries Share Price Target 2030

Solar Industries Company awarded Maharashtra Safety in the year 2016-17 for the longest accident-free period in manufacturing time. Solar Industries also manufactures Air Bombs, Rockets, War Heads for Rockets, and missiles. In the year 2009 Solar Industries mark as India’s largest explosives manufacturer. In the year 2017, Solar Industries established a plant in South Africa and started to receive Bullk Defence orders. In the year 2018, the company started to export defense products.

In the year 2022 Solar Industries Company crossed the market cap of ₹25000 Crore and started Tanzania Operations. Solar Industries Company has more than 8312 employees to maintain production quality. The company also expanded its production quality of explosives up to 468956 Metric Tonnes.

The sales growth of the company also increases. Last 5 years sales growth was 27.12% which reached 40.56% in the last 3 years and the last year’s sales growth was 65.02%. The net sales amount was ₹2823.12 Crore in 2022, March which became ₹4723.56 Crore in March 2023. Solar Industries announced that the estimated revenue amount from the defense sector will be almost 18-20% of overall revenue in the financial year 2025. If we look at the share price forecast of Solar Industries Share Price Target 2030, the 1st Price Target is ₹26500 and the second Price Target is ₹28200.

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Solar Industries Share Price Target 2040

In the year 2022 Solar Industries Company started manufacturing in Ghana & Indonesia the company exported its products to 53 Countries. The company has almost In the year 2023, Solar Industries ranked within the top 5 in the Global Explosive Companies. The government of India also looks after the development of the defense sector Solar Industries also benefit from the scheme. The government of India also planned to increase 4-lane highways from 2% to 10% of total roadways which will be a high chance for the explosives business of the company.

Government Programmes such as ‘Housing For All’ decided to provide houses for the rural underdeveloped population and provide electricity electricity approximately 400 million people in the scheme of Infrastructure development the demand for explosives also increased. The Government also decided to increase coal production capacity to 1 billion tonnes there will be a chance to increase the products of the company which are used in the Mining Sector.

As the company is very old company has a good market position the promoter holding pattern of the company is good which is 74.02% which means many good investors want to invest in the share. All the share price forecasts depend upon the company’s overall performance, market favorable conditions, etc. In recent times Solar Industries Share Price is increasing with a big range. If we look at the share price forecast of Solar Industries Share Price Target 2040 the 1st Price Target is ₹48520 and the second Price Target is ₹50000.

How To Purchase Solar Industries Share?

The most common trading platform for purchasing the Solar Industries Share is described below.

• Zerodha
• Upstox
• Groww
• Angelone

Peer’s Company of Solar Industries

• Advance Petro
• Alchemist Corp
• Alkali Metals
• Andhra Petro
• Archit Organosy

Investors Types And Ratio Of Solar Industries Company

There are mainly four Types of Investors in Solar Industries Company. The company’s growth also depended upon the ratio of investors who invested in the share.

Promoters Holding

Promoters Holding means how much capital is invested by company promoters (owner of the company) through overall capital. Solar Industries Company’s promoter holding capacity is 72.12%.

Public Holding

Public Investors an individuals who invest in the public market for profit in the future (large and small companies). Solar Industries Company’s Public Holding Capacity is 6.75%.

FII (Foreign Institutional Investors)

Foreign Institutional Investors are those big companies that invest in different countries company. Solar Industries Company’s FII is 4.9%.

DII (Domestic Institutional Investors)

Domestic Institutional Investors (like Insurance, companies mutual funds) who invest in their own country. Solar Industries Company’s DII is 16.23%.

Advantages and Disadvantages Of Solar Industries Share

Every share has some advantages and some disadvantages also. So, the Solar Industries Share Price Target also has some advantages and disadvantages which are described below.

Advantages

• The net profit growth of the company is high which is 71.23% in the last 1 year.
• The annual revenue growth of the company is high which is 76.12% which is a good sign for the company’s growth.
• The book value amount per share also increasing.
• From operating activity cash amount increases for this reason net cash flow amount also rises.
• Solar Industries has an efficient cash conversation cycle which is 45.12 days which is a positive part of the company’s growth.
• The company has a small amount of debt and the interest cover ratio is 23.12 which is also good for the company’s growth.

Disadvantages

• The company has a high PE Ratio of 150.23 which is not good for the company’s growth.
• The EBITDA is 96.23 which is high and not good for the company’s growth.
• In recent times Solar Industries have maintained the process of preventing environmental pollution but being a chemical industry the production process and disposal of the company may cause environmental pollution for that reason the company should always follow a mandatory technique to prevent environmental pollution.
• Solar Industries Company maintains a global supply chain for the supply of raw materials. Any natural disasters can cause delays or increase the costs of raw materials which negatively affect the company’s growth.

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FAQ

Conclusion

Hopefully, www.sharetargethub.com will help you gain some basic ideas about the Solar Industries Share Price Target. By doing the research and taking advice from expertise we ensure that on a long-term basis, Solar Industries Share Price Target may reach a very high position. Solar Industries Company is related to the chemical sector. So the demand for this sector also increases which helps the share to gain profit in the future.

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