Solar Industries India Share Price: ICICI Securities are bullish regarding shares of Defense Sector company Solar Industries. Brokerage has given a ‘bye’ rating for the stock. Also, the target price has been kept at Rs 17200 per share. This is about 14 percent more than the current price of the stock. The company is known for making explosive and detonators. Solar Industries India Limited’s stock closed at Rs 15104.70 on BSE on 14 August. The stock markets were closed on the occasion of Independence Day on Friday, August 15.
The company’s market cap is Rs 1.36 lakh crore. The face value of the stock is Rs 2. The stock has risen 263 percent in 2 years and 70 percent in 6 months. The company had a 73.15 percent stake in the company till the end of June 2025. The 52 -week high of the stock is Rs 17805, which was created on 30 June 2025. The 52 -week low of Rs 8479.30 was seen on 28 February 2025.
In the April-June 2025 quarter, the revenue of solar industries on the standalone basis was Rs 1387.15 crore. Meanwhile, the net profit was Rs 279.52 crore and Earnings was Rs 30.89 crore per share. In the financial year 2025, the company’s standalone basis was recorded at Rs 4456.60 crore, net profit of Rs 803.11 crore and earnings per share was Rs 88.75 crore per share.
Arguments of brokerage
ICICI Securities hope that during the financial year 2025-2028, the revenue of Solar Industries will grow by 27% compound annual growth rate (CAGR). The Ebitda margin will be around 27% in FY 2028. This is 100 basis points higher than the margin of FY 2025. On the basis of all these factors, brokerage has resumed coverage for the shares of Solar Industries with a target price of Rs 17200 and BUY rating.
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