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SOLARINDS.NS
ACCE-researched

Solar Industries India Limited (SOLARINDS.NS) fair value

Basic Materials · Specialty Chemicals · NSE · India
₹18365.00-3.39%
Market cap ₹1.66TNext earnings 2026-08-13Updated Oct 24, 2026 · valuation updating
Our verdict
No fair value
We are missing the financial data our models need for this company. It will appear once the data arrives.
Not valued: there are no financial statements on file yet.
ACCE opinionSolar Industries India Limited (SOLARINDS.NS)
Fair value
Not available
ACCE price target
₹18205
Rating
Not rated
Horizon
12 months
ACCE price target published on 22 Oct 2026, 16:00 CEST.
Price used: ₹18365 at the close on 23 Oct 2026, 12:00 CEST.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
74
out of 100
P/E
83.5x
forward 52.5x
1-year return
+31.0%
Dividend yield
0.06%

Solar Industries India Limited in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Solar Industries makes explosives, detonators and defence ordnance for mining and infrastructure customers, alongside a growing line of military munitions and drone systems sold to the Indian armed forces and export markets. Its moat rests on licensed manufacturing capacity and government qualification cycles, which make new entrants slow to win accreditation and give incumbents pricing power. The near-term catalyst is the expansion in defence orders and export shipments, which has driven revenue growth of 70.3% and lifted gross margin to 49.5% and operating margin to 25.5%. At 86.4 times trailing earnings and 54.3 times forward, the stock prices in a lot of that expansion continuing, so the question for the portfolio is whether the order book converts to earnings at the pace the multiple assumes.

AI-assisted·How I use AIWritten Oct 23, 2026
⚠ Investor warnings · 1 flagAI-assisted·How I use AI
  • moderate
    Rich valuation multiples
    P/E of 86.4 and EV/EBITDA of 56.9 leave little room for earnings to disappoint. Price sits 0.9% above the ACCE price target of ₹18205.00.

AI research notes

AI-assisted·How I use AIWritten Oct 22, 2026 · figures from 2026-10-22 · prices to Oct 23, 2026
Why it could do well
  • Revenue grew 70.3% year over year in the latest filings, far faster than its 12.4% five-year average.
  • Net margin of 17.5% shows the business keeps a healthy share of each rupee of sales as profit.
  • Earnings per share beat expectations by 22.5%, coming in at 72.11 against 58.86 expected at the last report.
Why it could disappoint
  • At a trailing P/E of 86.4x, the shares price in very strong growth, leaving little room for any slowdown.
  • Even on forward estimates the P/E is 54.3x, so investors are paying a steep price for future earnings.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Walk me through this stock

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Valuation

INVESTOR
Where SOLARINDS.NS's valuation models land
Price
₹18365.00
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Quality

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Analysts

Wall Street consensus

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  • +Price-target low / average / high vs the current price, with implied upside
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Smart Money

PRO

In one line

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Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
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Where it sits vs peers

News and Record

Recent performance

1 week
-8.2%
1 month
-6.9%
3 months
-0.7%
6 months
+22.0%
YTD
+51.0%
1 year
+31.0%

Recommendation history, last 12 months

DateTypeNewPreviousPrice
22 Oct 2026, 16:00 CESTACCE price target₹18205first publication₹19010

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

This security trades in INR. Exchange-rate movements can increase or reduce the result in your own currency.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth100Value8Quality91Momentum97Total74
Valuation
Trailing P/E
83.5x
Forward P/E
52.5x
PEG
0.93
P/B
no data
EV / Revenue
no data
Book value/sh
no data
Enterprise value
no data
Profitability
ROE
no data
FCF yield
no data
ROIC
no data
Health and risk
Debt / equity
0.23
Dividend yield
0.06%
Beta
no data

Price

+31.0% · 1Y

Ask anything about SOLARINDS.NS

Answered from Solar Industries India Limited fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 0% of peers
low 0.0x83.5xhigh 83.5x
Div yieldbetter than 17% of peers
low 0.0%0.1%high 6.5%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
SOLARINDS.NS Solar Industries India Limited₹18365.00--83.5x-9174
SQM-B.SN Sociedad Química y Minera de Chile S.A.CLP 55720.00--12.4x21.8%8272
4612.T Nippon Paint Holdings Co., Ltd.¥1249.00--20.3x11.2%6371
SQM-A.SN Sociedad Química y Minera de Chile S.ACLP 54000.00--12.1x21.8%8275
PIDILITIND.NS Pidilite Industries Limited₹1481.20--57.3x-8555
6988.T Nitto Denko Corporation¥3709.00--18.3x12.5%6966
LYB LyondellBasell Industries NV Ordinary Shares Class A (Netherlands)$65.37----2.3%3063

Sector report card

Where SOLARINDS.NS ranks against its sector peers on each metric.

Computing percentiles…