Solar Industries India Ltd
Solar Industries India Q4 FY25 earnings call: Revenue & Margins
Q4 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
For FY '26, Solar Industries is confident of crossing INR 10,000 crores in revenue. Revenue growth: Targeting INR10,000+ crores for FY '26; aiming to double revenues to INR20,000 crores within 3-4 years.
From Solar Industries India Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- For FY '26, Solar Industries is confident of crossing INR 10,000 crores in revenue.
- Over the last 20 years, revenue has grown 50x, EBITDA 55x, and profit after tax 58x.
- In the last 5 years alone, revenue grew 3x+ and PAT grew 4.5x.
- The company aims to double revenue from INR 10,000 crores to INR 20,000 crores within 3-4 years (by around FY '29).
- Defense revenue targeted at INR 3,000 crores in FY '26, growing to ~INR 8,000 crores in 4-5 years.
- International business expects 15-20% growth in FY '26, with steady expansion in multiple geographies.
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Profitability & Margins
See what Solar Industries India Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Current year (FY '26) capex plan of INR 2,500 crores focused on multiple initiatives including land acquisition, new technologies, automation, and new product development.
- Capex to be funded through internal accruals and some debt.
- INR 12,700 crores MoU signed with Government of Maharashtra for defense and aerospace investments over 10 years, likely to be invested earlier given Solar's growth.
- Capex aims at scaling existing capabilities, upgrading technologies, expanding product portfolio including advanced ammunitions and aerospace solutions.
- Investments support Solar's vision aligned with Atmanirbhar Bharat initiative.
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Top-ranked in Chemicals & Petrochemicals
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- Total order book stands at around INR 17,000 crores.
- Out of this, INR 15,000 crores is from the defense sector.
- Non-defense orders amount to approximately INR 2,000 crores.
- Defense order book includes:
- INR 6,084 crores from Pinaka rockets, expected to be delivered over 10 years (~INR 500-600 crores annualized).
- INR 8,500 crores from international markets.
- International defense orders (INR 8,500 crores) will be delivered over the next 4-5 years.
- Domestic defense orders (~INR 6,500 crores excluding Pinaka) mostly small and spread over time.
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Solar Industries India Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹3.1K Cr, net profit ₹556 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Solar Industries's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q1 FY26 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
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Frequently Asked Questions
What were Solar Industries India Ltd Q4 FY25 results?
For FY '26, Solar Industries is confident of crossing INR 10,000 crores in revenue. Revenue growth: Targeting INR10,000+ crores for FY '26; aiming to double revenues to INR20,000 crores within 3-4 years.
What is Solar Industries India Ltd share price analysis?
Solar Industries India Ltd currently shows a neutral. The stock trades at a P/E of 90.7 with a market cap of ₹180,700 Cr. Investors should review the full earnings analysis for detailed insights.
Is Solar Industries India Ltd planning capital expenditure?
Current year (FY '26) capex plan of INR 2,500 crores focused on multiple initiatives including land acquisition, new technologies, automation, and new product development.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.