Hello friends today discuss Solar industries Target share price Taking a look at the last five years performance of Solar Industries India Ltd Company stock, the company’s stock has given tremendous returns to its investors at a CAGR of 30% in the last five years.
Due to this, today we will try to analyze in this article that what could be the Solar Industries India Ltd Share Price Target for long-term in the future and is it the right time to buy the company’s stock? But before that let us have a look at the business model of the company and the financial condition of the company.
Solar Industries India Ltd Company Intro :
Solar Industries India Ltd Company was established on 24 February 1995 by Mr. Satyanarayan Nuwal, Nandlal Nuwal and Kailashchandra Nuwal. Earlier the company was named Solar Explosives but then on 13 April 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 test-fired 6 Pinaka rockets manufactured by the company. This is the first time that a rocket from a private organization has 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 explosives 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 the company’s total revenue comes from exports. Let us now talk about what is the financial condition of the company? If we take a look at the financial condition of the company, then in the last five years the sales of the company have increased from Rs.2000 crores to Rs.6300 crores 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 of 20%. If we talk about the debt of the company, at present the company has a debt of Rs 1,200 crore while the company has a cash reserve of Rs 2,170 crore. Looking at this, we can also call the company almost debt free.
Solar Industries India Company Essentials Data :
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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 in the company is 6.72% and DIIS holding is 14.46%. The promoter holding in the company is very good and the financial condition of the company is also looking very good.
So let us now discuss about the future growth prospects of the company’s business and what can be seen in the future till Solar Industries Share Price Target 2023, 2024, 2025, 2027, 2030?
Solar Industries India Limited Company is a financially and fundamentally strong company and the demand for the company’s explosive products is increasing in sectors ranging from the mining industry to housing and real estate as well as in the defense sector. Due to which the company’s sales are witnessing 84% growth with 20% OPM this year. Due to good growth in the net profit of the company, the EPS of the company has increased from Rs.48 to Rs.80. Due to which the company’s stock has seen a good boom. Due to the increasing demand for the company’s products, there are possibilities of a good growth in the sales of the company in the coming times as well. Due to which Solar Industries Share Price Target can again be seen going up to its high price of Rs 4500 in 2023.
The business model of the company 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 making a good investment on “Skyroot Aerospace”, with the help of which the company will manufacture space launch vehicles.
Presently, the main customers of the company are Housing and Infrastructure, Coal India and Ministry of Defence. The company currently has an order book of Rs 420 crore from Coal India (535 crore), Ministry of Defense (680 crore) and SSCL. Solar Industries Share Price Target can be expected to be seen in the range of Rs 6600 to Rs 7000 in 2025 due to the increasing infrastructure development and increasing demand for the company’s products in the Ministry of Defence.
Due to the increasing demand for its products, the company is considering increasing the production capacity of its products in the coming times and for this, the company management will also be seen setting up new manufacturing plants in the future. The company may also be seen adding some new products to its product portfolio in the coming times. The demand for the company’s products is also increasing in the Ministry of Defense and at present the company earns 8% revenue from the Ministry of Defence, a good increase is expected in that as well, because it is necessary to manufacture such explosive products.
These companies are also getting encouragement from the Government of India. The company management will also be seen reducing its debt due to good OPM in the coming time, which will also see a good increase in the net profit of the company, because in the present time, the company has to pay an interest of Rs 75 crores in lieu of its loan. have to pay. Due to the increasing sales growth of the company and the possibility of good net profit, in future Solar Industries Share Price Target 2027 can be seen in the range of Rs 8800 to Rs 9500 amid market fluctuations.
If we talk about Solar Industries Share Price Target For Long-term, then the company is fundamentally and financially sound and the promoter holding in the company is 73.15%, which is a very good thing. The company management seems to be continuously making good efforts to expand its business and due to this the company management has invested Rs 155 crores to expand its business in Australia and Tanzania. The company seems to be expanding its business in India as well as abroad with a good speed and for this reason the company is seeing 44% of its revenue coming from exports. If we talk about Solar Industries Share Price Target 2030, then due to the good business model of the company and the increasing demand for the products of the company, the stock of the company will be seen performing well in the long term.
What is the market cap of the company?
The market cap of the company is Rs 35500 crore at the time of writing this article.
What is the ROE and ROCE of the company?
The ROE of the company is 25.5% and ROCE is 25.4%.
What is the face value and book value price and P/E ratio of the company’s stock?
The face value of the company’s stock is Rs 2 and the book value price is Rs 242. The P/E ratio of the company’s stock is 49.2.