Solar Industries India Limited
The Solar group is one of the largest domestic manufacturers of bulk and cartridge explosives, detonators, detonating cords and components. It has manufacturing facilities in 29 locations in India, and plants in Nigeria, Zambia, Ghana, South Africa, ...
Key Metrics
EPS
0.00
Current ratio
1.53
Debt/Equity
0.64
Debt/EBITDA
1.25
Interest coverage ratio
11.62
Operating Cashflow to total debt
0.37
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Robust market position
Sound operating efficiency with significant backward integration
Strong financial risk profile
Liquidity: Strong
Cons
Exposure to regulatory risks
Susceptibility to volatility in forex rates
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About Solar Industries India Limited bond.
This comprehensive profile covers key factual information about SOLAR INDUSTRIES INDIA LIMITED. The Solar group is one of the largest domestic manufacturers of bulk and cartridge explosives, detonators, detonating cords and components. It has manufacturing facilities in 29 locations in India, and plants in Nigeria, Zambia, Ghana, South Africa, Turkey and Tanzania (with Indonesia, Thailand and Australia coming up). In fiscal 2010, the group entered the defence sector to manufacture high-energy explosives, delivery systems, ammunition filling and pyros fuses. EPS in Mar-2024 was 0.00. Current ratio in Mar-2024 was 1.53. Debt/Equity in Mar-2024 was 0.64. Debt/EBITDA in Mar-2024 was 1.25. Interest coverage ratio in Mar-2024 was 11.62. Operating Cashflow to total debt in Mar-2024 was 0.37. Total revenue for Mar-2025(E) was ₹5577.60. Net income for Mar-2025(E) stood at ₹518.24. Total assets as of Mar-2024 were ₹5,577.04. Operating cash flow for Mar-2024 was ₹1,406.01. The company’s borrowing relationships include IndusInd Bank Limited (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), State Bank of India (₹N/A Cr), Axis Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), Kotak Mahindra Bank Limited (₹N/A Cr), RBL Bank Limited (₹N/A Cr), State Bank of India (₹N/A Cr), IndusInd Bank Limited (₹N/A Cr), IndusInd Bank Limited (₹N/A Cr), (₹N/A Cr), HDFC Bank Limited (₹N/A Cr). Peers and comparison entities consist of SOLAR INDUSTRIES INDIA LIMITED, Linde India Limited, Deepak Nitrite Limited, Sumitomo Chemical India Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Robust market position; Sound operating efficiency with significant backward integration; Strong financial risk profile; Liquidity: Strong. Key risks include: Exposure to regulatory risks; Susceptibility to volatility in forex rates. Leadership team details include Dinesh Kumar Batra (Non-Executive Director), Jagdish Chandra Belwal (Non-Executive Director), Khushboo Pasari (Company Secretary & Compliance Officer), Manish Nuwal (Managing Director & CEO), Milind Deshmukh (Executive Director), Moneesh Agrawal (Joint Chief Financial Officer), Natrajan Ramkrishna (Non-Executive Director), Rashmi Prasad (Non-Executive Director), Satyanarayan Nuwal (Chairman & Non-Exe.Director), Shalinee Mandhana (Joint Chief Financial Officer), Suresh Menon (Executive Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.