Solar Industries India Ltd Q4 FY26 Earnings Analysis
Published 3 Jul 2026 | Chemicals & Petrochemicals | Market Cap: ₹1.7L Cr
Price
₹19,980
Market Cap
₹1.7L Cr
P/E Ratio
95.4
Revenue Rank
Margin Rank
How does Solar Industries India Ltd rank in Chemicals & Petrochemicals?
Compare Solar Industries India Ltd against every Chemicals & Petrochemicals company this quarter on revenue, margins and earnings-call signals.
Earnings Summary
Target revenue for FY '27 is INR14,000 crores, aiming for robust growth across all verticals. Target revenue of INR 14,000 crores in FY '27, implying robust growth.
📊 Revenue & Sales Performance
Rank 2- →Target revenue for FY '27 is INR14,000 crores, aiming for robust growth across all verticals.
- →Expecting over 30% combined growth in domestic and international markets.
- →International business grew 32% in FY '26; aiming for ~30% growth in FY '27 with focus on Africa, West Asia, Turkey, Kazakhstan.
- →Defense segment to cross INR4,500 crores revenue in FY '27 with continued strong momentum.
- →Domestic market expected to grow due to expanded capacity in Northern, Western, Eastern, and Southern India.
- →Volume growth anticipated at 10-15%, with price increases contributing approximately 18-20% to overall growth.
- →Export business targets 10% volume growth and 15% value growth, leveraging global expansion and new facilities.
- →Defense and international subsidiaries expected to deliver improved margins and revenues going forward.
📈 Profitability & Margins
Rank 3- →Target revenue of INR 14,000 crores in FY '27, implying robust growth.
- →EBITDA margins expected to be maintained around current levels (~28%).
- →Defense revenue targeted to cross INR 4,500 crores in FY '27, nearly doubling.
- →International and domestic businesses expected to grow over 30%, with 10-15% volume growth and 18-20% price increase driven by commodity costs.
- →EBITDA margins projected to remain steady despite raw material inflation, supported by defense and international segments.
- →Capex planned at INR 2,050 crores in FY '27 to support expansion.
- →Dividend proposed at INR 11 per share (up from INR 10), reflecting financial confidence.
- →Management optimistic about sustaining earnings momentum driven by strong order book (~INR 21,300 crores), execution capabilities, and new product developments.
🏗️ Capital Expenditure Plans
Yes- →The company has invested INR 2,700 crores over the last 2 years.
- →Planned annual capex for FY '27 is around INR 2,050 crores.
- →Capex allocation is based on priority and market opportunities, not strictly split between defense and non-defense.
- →Focus is on expanding domestic footprint with recent expansions in Northern and Western India, and upcoming plants in Eastern and Southern India.
- →Expansion in international markets includes facilities in South Africa, Zambia, Tanzania, Zimbabwe, Nigeria, Ghana, Sierra Leone, Turkey, Kazakhstan, Thailand, and Indonesia; Australia operations to start soon.
- →Defense business capex supports new product development and capacity enhancements, including commissioned medium caliber ammunition facility.
- →The strategic investment in inventory levels was deliberate to mitigate geopolitical risks and maintain supply chain continuity.
💰 Fundraising & Capital Structure
Yes📋 Order Book & Pipeline
Yes- →Total order book stands at approximately INR 21,300 crores.
- →Defense segment constitutes around INR 18,000 crores of the order book.
- →Non-defense segment accounts for about INR 3,000 crores.
- →Major defense orders primarily include the Pinaka project.
- →Numerous smaller orders exist, mainly for raw materials and intermediate goods in the Indian market.
- →The company is in final stages of receiving orders for similar defense products.
- →Discussions and negotiations are ongoing for new orders related to the Pinaka series.
- →The strong order book underpins confidence in sustained growth across all verticals.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
Frequently Asked Questions
What were Solar Industries India Ltd Q4 FY26 results?
Target revenue for FY '27 is INR14,000 crores, aiming for robust growth across all verticals. Target revenue of INR 14,000 crores in FY '27, implying robust growth.
What is Solar Industries India Ltd share price analysis?
Solar Industries India Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 95.4 with a market cap of ₹166,502 Cr. Investors should review the full earnings analysis for detailed insights.
Is Solar Industries India Ltd planning capital expenditure?
The company has invested INR 2,700 crores over the last 2 years.
This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.