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1 Comment
Solar Industries India Limited is currently in a long term uptrend where the price is trading 30.2% above its 200 day moving average.
From a valuation standpoint, the stock is 99.8% cheaper than other stocks from the Basic Materials sector with a price to sales ratio of 5.1.
Solar Industries India Limited's total revenue rose by 15.1% to $6B since the same quarter in the previous year.
Its net income has increased by 25.9% to $780M since the same quarter in the previous year.
Finally, its free cash flow fell by 41.6% to $860M since the same quarter in the previous year.
Based on the above factors, Solar Industries India Limited gets an overall score of 4/5.
Industry | Specialty Chemicals |
---|---|
CurrencyCode | INR |
Exchange | NSE |
ISIN | INE343H01029 |
Sector | Basic Materials |
Market Cap | 1T |
---|---|
PE Ratio | 108.22 |
Target Price | 12453 |
Dividend Yield | 0.1% |
Beta | -0.19 |
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 bulk and packaged explosives; and initiating systems, including electronic, electric, non-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. Its products are used in mining, infrastructure, construction, defence, and the space 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 based in Nagpur, India.
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