Solar Industries India Ltd
Solar Industries India Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
What the Q4 FY26 call signalled
4 of 5 strong
The short version
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.
From Solar Industries India Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- 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
See what Solar Industries India Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- 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.
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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
See what Solar Industries India Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- 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.
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 FY25 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 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 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?
The company has invested INR 2,700 crores over the last 2 years.
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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.