F-14/15, Orbit Mall, Civil Lines, Jaipur-302006
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F-14/15, Orbit Mall, Civil Lines, Jaipur-302006 support@thetaxheaven.comSolar Industries India Ltd is one of India’s leading manufacturers of industrial explosives, initiating systems, and defence products. Over the years, the company has transformed from a mining-explosives-focused business into a strategic defence and explosives powerhouse, catering to mining, infrastructure, and defence sectors in India and abroad.
Driven by strong order inflows, defence indigenisation, and rising infrastructure spending, Solar Industries India Ltd has emerged as a high-quality large-cap stock with strong long-term growth visibility. In this article, we analyze Solar Industries India Ltd share price targets from 2026 to 2030 based on current market data, business fundamentals, sector tailwinds, and shareholding pattern.
| Detail | Value |
|---|---|
| Open | ₹13,060.00 |
| Previous Close | ₹12,999.00 |
| Day’s High | ₹13,350.00 |
| Day’s Low | ₹12,925.00 |
| VWAP | ₹13,194.80 |
| 52-Week High | ₹17,820.00 |
| 52-Week Low | ₹8,482.50 |
| All-Time High | ₹17,820.00 |
| All-Time Low | ₹18.30 |
| Market Capitalization | ₹1,20,587 Cr |
| Volume | 72,424 |
| Value (Lacs) | ₹9,651.22 |
| 20D Avg Volume | 1,81,931 |
| 20D Avg Delivery (%) | 34.74% |
| Face Value | ₹2 |
| Book Value Per Share | ₹565.36 |
| Dividend Yield | 0.08% |
| Beta | 1.01 |
| UC Limit | ₹14,298.00 |
| LC Limit | ₹11,700.00 |
Solar Industries India Ltd operates across three high-growth verticals:
Industrial explosives for mining & infrastructure
Defence explosives, ammunition, and propulsion systems
Export of specialised explosive products
The company is a key beneficiary of India’s defence indigenisation push, increasing mining activity, and global demand for specialised explosives.
Market leadership in industrial explosives
Rapidly expanding defence manufacturing portfolio
Strong export presence across multiple countries
High promoter holding reflecting long-term commitment
Consistent revenue and profit growth with healthy margins
Defence order book has grown significantly in recent years
Margins are supported by high-value defence contracts
Mining demand remains strong due to infrastructure expansion
Increasing contribution from exports improves revenue diversification
| Investor Type | Holding (%) |
|---|---|
| Promoters | 73.15% |
| Mutual Funds | 11.96% |
| Retail & Others | 7.21% |
| Foreign Institutions | 6.74% |
| Other Domestic Institutions | 0.94% |
High promoter and institutional ownership highlights strong confidence in long-term business prospects.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2026 | 15,500 | 17,000 |
| 2027 | 18,000 | 20,000 |
| 2028 | 21,000 | 23,500 |
| 2029 | 24,500 | 27,500 |
| 2030 | 28,500 | 32,000 |
These targets factor in defence order execution, export growth, operating leverage, and valuation premium for strategic defence businesses.
By 2026, steady execution of defence and mining orders may support earnings growth.
Growth Drivers:
Strong defence order inflows
Continued mining and infrastructure demand
Margin stability due to high-value contracts
Investment View: Suitable for long-term core portfolios.
Defence exports and domestic procurement could accelerate growth momentum.
Growth Drivers:
Export-led revenue expansion
Higher contribution from defence vertical
Improved return ratios
Investment View: Attractive for investors seeking quality compounding stocks.
By 2028, Solar Industries may command a premium valuation due to strategic importance.
Growth Drivers:
Advanced defence product manufacturing
Strong execution capabilities
Long-term government policy support
Investment View: Strong candidate for long-term wealth creation.
Sustained defence capex and exports could drive consistent earnings growth.
Growth Drivers:
Rising global demand for defence products
Higher operating leverage
Strong cash flow generation
Investment View: Ideal for investors with long-term horizon.
By 2030, Solar Industries India Ltd could emerge as a global defence and explosives leader.
Growth Drivers:
Defence indigenisation and export dominance
Scalable manufacturing capabilities
Strong balance sheet and profitability
Investment View: Premium long-term compounder in defence space.
Solar Industries India Ltd represents a high-quality, long-term growth opportunity backed by defence, infrastructure, and export tailwinds.
Strategic defence manufacturing exposure
Strong promoter and institutional backing
Consistent earnings growth
Long-term policy and sector tailwinds
Valuation sensitivity during market corrections
Delay in defence order execution
Regulatory or geopolitical risks
Solar Industries India Ltd stands at the intersection of India’s defence self-reliance mission and infrastructure growth story. With strong execution, expanding exports, and robust order visibility, the company is well-positioned for sustained long-term growth. Based on current assumptions, Solar Industries India Ltd share price could reach ₹28,500–₹32,000 by 2030.
This stock is best suited for investors looking for long-term compounding in India’s defence and manufacturing sector.
1. What is the current share price of Solar Industries India Ltd?
It trades near the levels mentioned in the latest market data and fluctuates daily.
2. What is the Solar Industries share price target for 2026?
The expected range is ₹15,500 to ₹17,000.
3. Is Solar Industries India Ltd a good long-term investment?
Yes, it is considered a strong long-term compounder in the defence and explosives sector.
4. What is the share price target for 2030?
The projected range for 2030 is ₹28,500 to ₹32,000.
5. What factors influence Solar Industries’ share price the most?
Defence order inflows, export growth, margin performance, and overall market sentiment.
Disclaimer: This article is for educational purposes only and not investment advice. Please consult a registered financial advisor before making any investment decisions.
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