Introduction

Solar Industries is a notable trading share in the market. This article will discuss the company’s financial growth, business policy, shareholding pattern, and yearly forecast share prices. We use expert data and analysis to give a clear understanding of Solar Industries Share Price Target 2024, 2025, 2030 and 2040, making this article helpful for those looking to invest in this share now.

What is Solar Industries Company?

Solar Industries India Ltd is a leading manufacturer of explosives and defense products, utilized in various fields such as construction, mining, and space applications. Established on February 24, 1995, the company has grown to serve both Indian and international markets.

Overview Of Solar Industries India Ltd

Solar Industries manufactures a wide range of products, including electronic detonators, non-electric detonators, bulk explosives, and defense products like missiles and rockets. Founded by Satyanarayan Nuwal, the company has expanded its operations significantly since its inception.

Financial Data Analysis Of Solar Industries Company

PE Ratio (Price To Earning Ratio)

The PE ratio of Solar Industries is 179.68, indicating that the stock is overvalued.

Return on Assets (ROA)

Solar Industries has an ROA of 19.86%, a positive indicator of efficient asset utilization.

Current Ratio

The company’s current ratio is 2.50, suggesting a strong ability to cover short-term liabilities.

Return On Equity (ROE)

With an ROE of 28.99%, Solar Industries shows robust profitability and effective equity utilization.

Solar Industries Share Price History From 2024 to 2040

Solar Industries’ share has shown a bullish trend in the market, demonstrating significant growth over various time periods. Here’s a summary of its price history and projected targets:

Solar Industries Share Price Target

Solar Industries Share Price Target 2024

Solar Industries continues to expand in various sectors, including space applications and defense manufacturing. Significant investments in Skyroot Aerospace and collaborations with ISRO are key drivers for future growth.

Solar Industries Share Price Target 2025

With strong performance in defense manufacturing and significant R&D investments, Solar Industries is expected to continue its growth trajectory.

Solar Industries Share Price Target 2030

Solar Industries’ expansion into international markets and increased production capacity are set to propel its share prices further.

Solar Industries Share Price Target 2040

Long-term growth strategies and government initiatives in infrastructure and defense are expected to significantly boost Solar Industries’ market position.

How To Purchase Solar Industries Share?

You can purchase Solar Industries shares through various trading platforms such as Zerodha, Upstox, Groww, and Angelone.

Peer Companies of Solar Industries

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

Investors Types And Ratio Of Solar Industries Company

Advantages and Disadvantages Of Solar Industries Share

Advantages

• High net profit growth (71.23% in the last year).
• Significant annual revenue growth (76.12%).
• Increasing book value per share.
• Strong cash flow from operating activities.
• Efficient cash conversion cycle (45.12 days).
• Low debt levels with a high interest cover ratio (23.12).

Disadvantages

• High PE Ratio (150.23), indicating potential overvaluation.
• High EBITDA (96.23), which could impact profitability.
• Potential environmental pollution risks due to chemical production.
• Dependence on global supply chains, which can be disrupted by natural disasters.

Also Read: Bajaj Auto Share Price Target 2024, 2025, 2030, 2040, 2050

FAQ

Conclusion

Hopefully, this blog provides a comprehensive overview of Solar Industries’ share price targets. Our research and expert consultations suggest that Solar Industries shares have substantial long-term investment potential. As always, please consult with certified financial experts before making investment decisions.

Disclaimer: This content is for educational purposes only. We are not SEBI-registered advisors. Investing in the financial market carries risks. Please consult certified experts before making investment decisions.