Solar Industries India Share Price Target 2023, 2024, 2025, 2027, 2030
Hello friends! Today we will discuss the Solar Industries India Ltd Share Price Target 2023, 2024, 2025 and 2030. In this article, we will try to predict what the future share price target may be for Solar Industries India Ltd. This article will provide you with a technical and fundamental analysis of Solar Industries India Ltd shares.
About Solar Industries India Ltd
Solar Industries India Ltd Company was established on 24 February 1995 by Shri Satyanarayan Nuwal, Nandlal Nuwal and Kailash Chandra Nuwal. Earlier the name of the company was named Solar Explosives but then on April 13, 2009, the name of the company was changed to Solar Industries India Limited.
The company is the largest manufacturer and supplier of bulk and cartridge explosives, detonators, detonating cords and components. The company’s products are used in mining, infrastructure and construction work.
Apart from this, the company also entered the defense sector in the year 2010 and started manufacturing propellants for missiles, rockets, weapons and explosives.
The Indian Army has also successfully tested 6 Pinaka rockets manufactured by the company. This is the first time that rockets of a private organisation have been used by the Army.
If we talk about the manufacturing capacity of the company, then the company has 29 manufacturing plants in 9 states of the country. The company’s Nagpur plant is the world’s largest packaging explosive plant. Apart from this, the company also has six manufacturing plants abroad.
The company’s business is spread across 52+ countries outside India and 44% of its total revenue comes from exports to the company. Let’s now talk about what is the financial condition of the company?
If we take a look at the financial condition of the company, in the last five years, the company’s sales have increased from Rs 2000 crore to Rs 6300 crore with 20% compounded sales growth and during this time the net profit of the company has increased from Rs 240 crore to Rs 765 crore due to good OPM 20%.
If we talk about the debt of the company, then the company currently sees a debt of Rs 1200 crore, while the company has a cash reserve of Rs 2170 crore. In view of this, we can also call the company almost debt-free company.
If we talk about Solar Industries share holding pattern, then promoter holding in the company is 73.15% and public holding is 5.67%. FIIS holding is 6.72% and DIIS holding is 14.46%.
Solar Industries Share Price Target 2023
Solar Industries India Limited company is a financially and fundamentally strong company and the demand for the company’s explosive products is increasing from the mining industry to the housing and real estate sector as well as the defense sector. Due to this the company’s sales are seeing a growth of 84% with 20% OPM this year.
Due to good growth in the company’s net profit, the eps of the company has increased from Rs 48 to Rs 80. Due to this the company’s stock has seen good momentum. Due to the increasing demand for the company’s products, there is a possibility of a good increase in the company’s sales in the coming time. Due to this Solar Industries can again see its high price going up to Rs 4550 in the share price target 2023.
Solar Industries Share Price Target 2025
The company’s business model is spread across 52+ countries abroad with India and the company has also entered into an agreement with ISRO to promote its business. Apart from this, the company is also investing well on “Skyroot Aerospace”, with the help of which the company will manufacture space launch vehicles.
At present, the company’s main customers include housing and infrastructure, Coal India and the Ministry of Defence. The company currently has orders worth Rs 420 crore from Coal India (Rs 535 crore), Defence Ministry (Rs 680 crore) and SSCL. Due to increasing infrastructure development in the future and increasing demand for the company’s products in the Ministry of Defense, solar industries share price target can be expected to be seen from Rs 6650 to Rs 7050 in 2025.
Solar Industries Share Price Target 2027
The company seems to be considering increasing the production capacity of its product in the coming time due to the increasing demand for its product and for this, the company management will also be seen setting up new manufacturing plants in the future.
The company can also be seen adding some new products to its product portfolio in the coming time. The demand for the company’s products is also increasing in the Ministry of Defense and at present, the company gets a revenue of 8% from the Ministry of Defense, which is also expected to increase significantly, because the companies manufacturing such explosive products are also getting encouragement from the Government of India.
In the coming time, the company management will also be seen reducing its debt due to good OPM, due to which the net profit of the company will also be seen increasing significantly, because at present the company has to pay interest of Rs 75 crore in the wages of its debt. Due to the company’s growing sales growth and the possibility of good net profit, the solar industries share price target in the future can be seen in 2027 from Rs 8850 to Rs 9550 amidst market fluctuations.
Solar Industries Share Price Target 2030
If we talk about Solar Industries Share Price Target for Long-Term, then the company Fundamentally and Financial is a good company and the promoter holding in the company is 73.15%, which is quite a good thing.
The company management seems to be making continuous efforts to increase its business and due to this, the company management has invested Rs 155 crore to increase its business in Australia and Tanzania. The company seems to be growing its business at a good pace in India as well as abroad and for this reason, the company is seeing 44% revenue coming from exports.
If we talk about Solar Industries Share Price Target 2030, then due to the company’s good business model and increasing demand for the company’s products, the company’s stock will be seen performing well in the long term.