₹1 lakh to ₹2 crores: Solar company gets big export order from defence company

There was tremendous profit booking in the stock market on the first trading day of the week, amidst this profit booking, there were some shares which saw a rise. One of those stocks is Solar Industries India Limited, which saw a rise on Monday and the share increased by 6%. Recently the company has received a big export order and the reason for this increase is being attributed to this new order received.

Solar Industries India Limited (BOM: 532725 & NSE: SOLARINDS) has officially disclosed a new order as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In its filing with BSE, the company announced that it has secured export orders for defence provision. These orders are specified for the supply of products over the next 2 years, the total value of the order is Rs 455 crores.

Solar Industries Shares Performance & Return

Shares of Solar Industries were listed on BSE in Apr 2006 and since its listing, it has given wonderful returns. Solar Industries shares have surged more than 16000% since listing. If we talk about the recent performance of the stock, it has doubled in eight months. Its stock has increased by 74.90% in six months, 103.98% in nine months, and 108.29% in a year. You can check the tables below to know the performance in detail.

In the last 12 months, Solar Industries shares doubled investors’ money, that is, if you had invested ₹ 1 lakh in it a year ago, the value of those shares would have increased to ₹208,291 today.

Solar Industries Shares Performance in 2024 YTD

Solar Industries’ share price was ₹6,776.00 in January and today it is trading at ₹7,944.65, indicating an overall gain of 17.52% in 2024 YTD.

Solar Industries Shares Surged 52% in 2023

The share price of Solar Industries in January 2023 was ₹4,433.95 and on the last trading day of the year, it closed at ₹6,725.00 with a gain of 51.67%.

₹1 Lakh Became ₹2 Crores in 15 Years (Compounded Performance)

In the table below you can check the company’s absolute returns and CAGR growth from listing. You can also check that if someone has invested a lump sum of Rs 1 lakh then what is the value of those Rs 1 lakh worth of shares today…

• Solar Industries shares have increased by 493% in the last three years.
• Shares of Solar Industries have increased investors’ money more than seven times in the last five years and more than ten times in 10 years.
• For investors who had invested Rs 1 lakh in it fifteen years ago, the value of those shares has increased to ₹1.98 crore.
• The CAGR growth of the stock for the last 5 years is 50.36%, for 10 years is 45.52%, and for 15 years is 42.29%.

Solar Industries Shares Performance (Year-wise)

Solar Industries shares yearly performance, returns, historical performance, or data.

About the Company

Established in 1995 by the visionary Mr. Satyanarayan Nandlal Nuwal, Solar Industries is a global leader in industrial explosives. From its humble beginnings as a single-site manufacturing company, Solar Group has become a renowned name in the mining, infrastructure, and construction sectors. In 2010, the company diversified its business into the defense sector, excelling in the production of propellants, missiles, rockets, weapons, and explosives.

Quarter 3 Financial Year 2024 Result

Consolidated Figures in Rs. Crores

Solar Industries Profit & Loss Statement

Consolidated Figures in Rs. Crores

Last 10 Years Compounded Sales & Profit Growth

Shareholding Pattern of Solar Industries

Disclaimer: This article is written for informational purposes only, do not consider it any investment advice.