Solar Industries Wins Rs. 483 Crore Order, Posts Strong Q1 Results
Solar Industries India Limited, a leading manufacturer of industrial explosives and initiating devices, has secured a substantial order worth Rs. 483 crores. The company, which operates the world's largest single-location packaged explosives manufacturing facility in Nagpur, India, will supply bulk explosives to South Eastern Coalfields Limited (SECL) over the next two years.
The order, valued at Rs. 483 crores, is a testament to Solar Industries' robust market position and the quality of its products. The company serves major mining and infrastructure players both in India and internationally, demonstrating its global reach.
Solar Industries' financial performance has been impressive. Between Q1FY25 and Q1FY26, the company's net profit surged from Rs.301 crore to Rs.353 crore, while revenue increased from Rs.1,685 crore to Rs.2,154 crore. These figures reflect the company's operational efficiency and growth potential. The company's return on equity stands at 32 percent, and return on capital employed is 38 percent, indicating strong profitability.
With a P/E ratio of 100.32, compared to the industry average of 23.40, Solar Industries' shares may be seen as expensive by some investors. However, the company's recent order win and strong financial performance suggest that it continues to be a powerful player in the industrial explosives sector.
Read also:
- Singapore Warns of China-Linked APT Group Targeting Critical Infrastructure
- West Virginia Governor's Revived Board Sparks Legal Concerns Amidst US Clean Energy Push
- Trump and Xi speak over the phone, according to China's confirmation.
- Unlawful MMO gold peddler cultivates around half a million dollars in income, triggering a tax dispute, followed by developers unveiling strategies to clamp down on real-world transactions
