Current price is more than the intrinsic value

Intrinsic Value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

ICICI Direct is bullish on Solar Industries recommended buy rating on the stock with a target price of Rs 4700 in its research report dated November 06, 2022.

Buy Solar Industries; target of Rs 4700: ICICI Direct

The strong bull run in Solar Industries has been due to its Q2 earnings for FY23. The company posted a 152% yoy growth in net profit to ₹189 crore, while revenue saw a growth of 99% yoy to ₹1,567 crore. EBITDA climbed by a huge 112% yoy to ₹303 crore.

₹1k share turns to ₹4k in 2 yrs as this firm hits milestone in defence biz

Speaking to ET NOW, Shalinee Mandhana of Solar Industries India states that they have seen 30% growth guidance in FY23 with 15% volume growth and 15% price growth but expecting 20%+ CAGR growth over the next three years where market share currently is at 25%.

‘Will set up plants in Australia and Indonesia to boost exports’, Shalinee Mandhana of Solar Industries India

Stocks that were in focus included names like Jyothy Labs which was up nearly 6 per cent, RBL Bank which gained over 17 per cent, and Solar Industries which hit a fresh 52-week high with strong volumes.

Big Movers on D-St: What should investors do with Jyothy Labs, RBL Bank and Solar Industries?

Solar Industries Q1 Review - Strong Earnings Momentum Continues: ICICI Direct

Broker’s Call: Solar Industries (Buy)

Solar Industries India - On A Strong Growth Trajectory: Centrum Broking

Board of Solar Industries approves strategic investment in Rajasthan Explosives and Chemicals

The company and its subsidiary have received orders on May 05, 2022 worth Rs1,563 crore from Singareni Collieries.

Solar Industries India receives Rs1,563 crore order from Singareni Collieries

KR Choksey recommended accumulate rating on Solar Industries India with a target price of Rs 3330 in its research report date May 05, 2022.

Accumulate Solar Industries India; target of Rs 3330: KR Choksey

ICICI Direct recommended hold rating on Solar Industries with a target price of Rs 2900 in its research report dated May 04, 2022.

Hold Solar Industries; target of Rs 2900: ICICI Direct

Solar Industries India Limited is an explosives manufacturing company. The Company manufactures, supplies and exports industrial explosives and initiating systems.

Solar Industries India Ltd

Solar Industries India Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Buy Solar Industries; target of Rs 4700: ICICI Direct

₹1k share turns to ₹4k in 2 yrs as this firm hits milestone in defence biz

‘Will set up plants in Australia and Indonesia to boost exports’, Shalinee Mandhana of Solar Industries India

Big Movers on D-St: What should investors do with Jyothy Labs, RBL Bank and Solar Industries?

Solar Industries Q1 Review - Strong Earnings Momentum Continues: ICICI Direct

Broker’s Call: Solar Industries (Buy)

Solar Industries India - On A Strong Growth Trajectory: Centrum Broking

Solar Industries India Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Buy Solar Industries; target of Rs 4700: ICICI Direct

₹1k share turns to ₹4k in 2 yrs as this firm hits milestone in defence biz

‘Will set up plants in Australia and Indonesia to boost exports’, Shalinee Mandhana of Solar Industries India

Big Movers on D-St: What should investors do with Jyothy Labs, RBL Bank and Solar Industries?

Solar Industries Q1 Review - Strong Earnings Momentum Continues: ICICI Direct

Broker’s Call: Solar Industries (Buy)

Solar Industries India - On A Strong Growth Trajectory: Centrum Broking

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock