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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.
| Sector | Basic Materials |
|---|---|
| Industry | Specialty Chemicals |
| CurrencyCode | INR |
| Exchange | NSE |
| ISIN | INE343H01029 |
| Dividend Yield | 0.0% |
|---|---|
| Market Cap | 2T |
| PE Ratio | 90.97 |
| Target Price | 20576 |
| Beta | 0.24 |
Solar Industries India Limited, together with its subsidiaries, manufactures and sells industrial explosives, explosive initiating devices, and high energy materials for mining and defense applications in India and internationally. The company offers industrial explosives comprising bulk, packaged, non-permitted, permitted, and seismic explosives; initiating systems; electronic, non-electric, and plain detonators; cord relays; cast boosters; detonating cords; and aluminum elemented det products. It also provides defense products consisting of high energy materials, such as HMX, RDX, TNT, and their compounds; composite, single base, double base, and triple base propellants; complete integration of rockets; ammunitions, including multi-mode hand grenades, mines, bombs, warheads, and bund blasting devices; drones and UAVs; pyros and ignitors; propellants for space applications; missiles; and unmanned systems and advanced defense technologies. The company serves the Coal India Limited (CIL), non-CIL and institutional, housing and infrastructure, and defense industries. It exports its products to approximately 90 countries. 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 incorporated in 1995 and is based in Nagpur, India.
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