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SOLAR INDUSTRIES INDIA LTD. 1043.15 4.35 (0.42%)

  • BSE: 530943
  • |
  • NSE: SOLARINDS
  • |
  • ISIN NO: INE343H01029
  • |
  • INDUSTRY: Specialty Chemicals
Profile

SOLARINDS

SOLARINDS

In 1955, the company Solar Explosives Limited was being incorporated by Mr.Satyanarayan Nuwal, Nandlal Nuwal, and Kailashchandra Nuwal. Also, the journey of Solar Group began in the year 1984 when Mr.Satyanarayan Nuwal formed a proprietary firm Solar Explosives for trading in Explosives. Within the same year, the largest Indian Explosive manufacturing company awarded its first Consignment agency to Solar Explosives. In 1985, the Economic Explosives, which is ... another proprietary firm, was also formed at Sholapur for the trading of Explosives and Accessories being made by the other companies. During 1991, it soon became one of the largest dealers of detonators and Explosives manufactured by the other reputed companies. Until 1996, it also established an effective trade network as well as the Institutional market. Moreover, banking on the strong marketing network and manufacturing experience gained in Solar Carbons the Group and entered into the manufacturing of Explosives by incorporating Solar Explosives Limited located at Nagpur in 1996. In 1997, the promoters began manufacturing Detonators under the Economic Explosives Limited. In 1997, the promoters also began the manufacturing of non-Explosive components needed for manufacturing detonators under Solar Components Private Limited. In 2000, the promoters under Solar Capitals Limited began the manufacturing of Bulk Explosives. In September 2005, Solar Explosives Limited also acquired all the shares from the promoters of Economic Explosives Limited, Solar Capitals Limited, and Solar Component Limited by swapping their holding, along with the shares of Solar Explosives Limited to make the three companies its wholly-owned subsidiary.

Some of the Important Events, Milestones, and Achievements:

  • 1984: It started trading of Explosives and Accessories at Chandrapur and also received consignment agency from the leading manufacturing company.
  • 1985: It also established Economic Explosives at Sholapur for the trading of Explosives and Accessories made by various companies.
  • 1996: The Company began production with License the capacity of about 6000MT.
  • 1997: The incorporation and commencement of Solar Component Private Limited.
  • 1998: Also, Economic Explosives Limited commenced its production with a License capacity of about 30 Mn.Nos Detonators.
  • 2000: It started Bulk Plant of Solar Capitals Limited in Waidhan with a capacity of about 6000MT.
  • 2001: It imported the first Kartridge Pack Machine from the USA for cartridge Explosives. It also started the Bulk Plant of Solar Capitals Limited in Chandrapur with a capacity of about 7750MT.
  • 2004: 
  • It imported the first of its kind high-efficiency Cartridge Pack Machine.
  • It introduced PETN in Solar Explosives Limited.
  • Also, the introduction of Cast Boasters in Solar Explosives Limited.
  • It executed the first export order of Solar Explosives Limited.
  • 2005: It started the Production at Solar Capitals Limited Korba with a license of 6000MT.
  • 2009: The Company's name was being changed from Solar Explosives Ltd to Solar Industries India Ltd.
  • 2013: It also recommended the Final Dividend of 60%, i.e., INR 6 per share on equity share of INR 10 each.
  • 2014: It also recommended a Final Dividend of INR 7 per Equity Share.
  • 2015: Both the solar products and services have successfully captured the needs and expectations of its valuable customers in India and overseas.
  • 2016: It bagged an order from Singareni Collieries Company Limited (or SCCL) for the supply of 163911.20 MT Explosives worth INR 443.44 crore for the financial year 2016-17 & 2017-18.
  • 2017: Solar Industries India bagged an INR 1,143-crore contract from Coal India for the supply of bulk explosives.

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Key Data
  • Market cap 8074.00 CR.
  • Book value 102.82
  • Stock P/E 41
  • Dividend Yield 0.78%
  • ROCE 30.85%
  • ROE 23.62%
  • Sales Growth (3Y) 17.84%
  • Face Value (3Y) 2.00
Trend Analysis
  • Short Term Trend :
    Not clear
  • Medium Term Trend :
    Not Clear
  • Long Term Trend :
    Not Clear

Are you friends with trend?

There is a saying in stock market, "Trend is your best friend"

It means, a good trader doesn't place his money against the trend. Many new traders lose money because they are trying to catch trend reversals but seasoned traders wait for a clear trend to emerge before taking the trade in the direction of trend.

Day Technicals

What is Opening Range Breakout?

An opening range breakout is breaking out of the day's range after a stock has moved for some time in a sideways trend. In technical terms, its a breakout from the support and resistance level in an upward or downward trend.

NR7

What is NR7 trading strategy?

Narrow Range trading strategy or NR7 Trading strategy is a breakout based method which assumes that the price of security trends up or down after a brief consolidation in a narrow range.

Opening Price clues

How to use Opening Price Clues in your trades?

If the stock has same open and high after it has traded for some time, it implies there was a consistent selling pressure that didn't allow the stock to move higher from the opening price. Similarly, if the stock has same open and low price, it implies there was a consistent buying intent that kept the stock price above the opening price.

Day High Low Range
TIME LOWEST HIGHEST
10 AM - -
11 AM - -
12 PM - -
1 PM - -
2 PM - -
Japanese Candlestick Patterns
Candle Pattern 1 :None
Candle Pattern 2 : None
Candle Pattern 3 :None
Candlestick Price Action
Inside Day
Pivot Points
Name S4 S3 S2 S1 Pivot Points R1 R2 R3 R4
classic 952.70 984.65 1016.60 1030.10 1048.55 1062.05 1080.50 1112.45 1144.40
woodie's 972.12 1004.07 1019.56 1036.02 1051.51 1067.98 1083.46 1099.92 1131.88
fibonacci - 1016.60 1028.80 1036.35 1048.55 1060.75 1068.30 1080.50 -
camarilla 1026.03 1034.81 1037.74 1040.67 -- 1046.53 1049.46 1052.39 1061.17
Past Performance & Moving Averages
Day’s LOW HIGH RANGE SMA PERFORMANCE Nifty
10 DAY 978.00
1067.80
1009.13 6.22 % 1.48 %
20 DAY 978.00
1067.80
1015.96 2.14 % 5.01 %
50 DAY 978.00
1160.00
1034.79 -2.00 % 10.14 %
100 DAY 940.00
1189.95
1034.99 -0.31 % 13.98 %
200 DAY 773.05
1295.00
1006.37 20.83 % 40.86 %
YTD 773.05
1349.00
1027.86 -2.00 % 6.75 %
52 Week 773.05
1349.00
1054.27 0.42 % 7.33 %

Why are moving Averages important in technical Analysis?

An opening range breakout is breaking out of the day's range after a stock has moved for some time in a sideways trend. In technical terms, its a breakout from the support and resistance level in an upward or downward trend.

Gaps On Day Chart
Industry Growth Rate

In Last 1 Year the industry has grown by 15.85 %

In Last 5 Year the industry has grown by 10.33 %

Peer comparison

Sales

COMPANY NAME 2014 2015 2016 2017 2018 2019
SOLARINDS 1073.00 1276.00 1449.00 1580.00 1916.00 2462.00
PIDILITIND 4283.00 4844.00 5361.00 5617.00 6078.00 7079.00
JAYAGROGN 1538.00 1581.00 1375.00 1662.00 2549.00 2433.00
GALAXYSURF 1870.00 1799.00 2158.00 2432.00 2761.00
AARTIIND 2619.00 2890.00 3006.00 3163.00 3806.00 4706.00
Total 2378.25 2492.20 2598.00 2836.00 3356.20 3888.20

Financial

LAST FISCAL CURRENT GROWTH 10 YEAR CAGR
S.NO. COMPANY NAME MARKET CAP CMP BOOK VALUE EPS STOCK P/E ROE ICR REVENUE NET PROFIT NPM REVENUE NET PROFIT REVENUE NET PROFIT
1 CAMLIN FINE SCIENCES LTD. 49757.55 40.85 29.40 0.05 1522.00 0.08 1.78% 892.00 1.00 0.11% 23.72% 23.97%
2 Neogen Chemicals Ltd 104828.57 450.20 60.70 10.43 36.48 0.66 3.58% 239.00 21.00 8.79% 48.45% 90.91%
3 BODAL CHEMICALS LTD. 53594.06 43.75 75.24 11.72 6.12 5.72 26.22% 1424.00 143.00 10.04% 24.69% 16.26%
4 BHANSALI ENGINEERING POLYMERS LTD.-$ 60555.63 36.50 19.96 2.85 17.14 2.76 79.00% 1225.00 47.00 3.84% 18.70%
5 PIDILITE INDUSTRIES LTD. 77662.10 1528.70 86.69 18.21 85.17 18.14 52.69% 7079.00 925.00 13.07% 16.47% 13.55% 23.51%
6 PLASTIBLENDS INDIA LTD.-$ 41303.66 155.30 107.52
7 JAYANT AGRO-ORGANICS LTD. 20896.17 69.80 106.56 18.60 6.34 3.73 3.02% 2433.00 56.00 2.30% 5.66% 10.76% 21.48%
8 Vidhi Specialty Food Ingredients Ltd-$ 29898.73 59.55 22.98
9 DIC INDIA LTD. 28574.78 310.00 316.45
10 FINEOTEX CHEMICAL LTD. 29494.04 26.50 13.30 2.02 14.11 1.05 34.00% 182.00 23.00 12.64% 29.08%
11 Shree Pushkar Chemicals & Fertilisers Ltd 23872.64 77.60 91.52 13.29 7.75 1.32 16.75% 452.00 41.00 9.07% 14.43% 10.81%
12 CHEMBOND CHEMICALS LTD.-$ 18716.13 136.60 171.56 12.88 17.58 2.58 32.69% 300.98 17.32 5.75% 7.85% 8.28%
13 SEYA INDUSTRIES LTD. 10891.95 44.05 394.53
14 DYNEMIC PRODUCTS LTD. 12516.54 111.40 102.82 15.87 9.79 1.59 25.38% 166.67 17.98 10.79% 1.35% 2.39% 12.97% 25.20%
15 AARTI INDUSTRIES LTD. 20143.81 1155.15 158.67 28.38 34.74 11.44 5.27% 4706.00 492.00 10.45% 23.65% 47.75% 12.60% 18.92%
16 VIKAS WSP LTD. 10569.64 5.17 55.63
17 ASAHI SONGWON COLORS LTD. 12209.44 101.00 164.46
18 SOLAR INDUSTRIES INDIA LTD. 9420.22 1040.30 102.82 28.91 43.79 14.56 10.00% 2462.00 262.00 10.64% 28.50% 18.55% 18.52% 19.53%
19 Vikas EcoTech Ltd 10874.70 3.87 5.45
20 Fine Organic Industries Ltd 7950.28 2590.90 188.17 44.43 52.87 9.07 115.00% 1060.00 136.00 12.83% 23.83% 43.16%
Sales

What is Sales Trend ?

Sales trend is a methodology to understand sales results which helps in understanding the trends of the market over a specific period of time. Sales results are an indicative of the sales patterns followed by the customer over a time period.

Profitability

What is Profit & EPS Trend ?

EPS Trends was initially built in late 2015 when I was just getting into frontend development. Coming from a background in Rails, I was frustrated with how many decisions you had to make early on as a javascript developer.

Net Profit
EPS

What is EBITDA Margin & EBIT Margin ?

Corporate accounting is required to adhere to the standards and practices collectively referred to as the generally accepted accounting principles. EBITDA is an excellent way for corporate accountants to start compiling data, but it should not be considered an absolute result. This is due to the fact that many consider EBITDA more of a broad stroke than a definitive form of accounting practice.

EBITDA Margin
EBIT Margin
NPM
Cash Flow

Why is the Cash Flow Analysis important?

A business needs cash to pay its expenses, to pay bank loans, to pay taxes and to purchase new assets. A cash flow report determines whether a business has enough cash to do exactly this.

Operating Activities
Financing Activities
Investing Activities
Financial Health

What Is Financial Health?

Financial health is a term used to describe the state of one's personal monetary affairs. There are many dimensions to financial health, including the amount of savings you have, how much you’re putting away for retirement, and how much of your income you are spending on fixed or non-discretionary expenses.

Debt to Equity
Piotroski Score
  • 0
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9

What Is the Piotroski Score?

The Piotroski score is a discrete score between 0-9 that reflects nine criteria used to determine the strength of a firm's financial position.

Altman Z Score (Mfg Company)
  • Distress (< 1.81)
  • Caution (>1.81 < 2.99)
  • 9.17
    Safe (3 & above)
Altman Z Score (Non-Mfg Company)
  • Distress ( < 1.23)
  • Caution (>1.23 < 2.6)
  • 14.90
    Safe (2.6 & above)
Valuation

What Is Valuation?

Valuation is the analytical process of determining the current (or projected) worth of an asset or a company. There are many techniques used for doing a valuation. An analyst placing a value on a company looks at the business's management, the composition of its capital structure, the prospect of future earnings, and the market value of its assets, among other metrics.

What is the significance of Rollover data?

Rollover in an important data point and should be analyzed in the expiry week. Rollover involves carry forwarding of ‘futures’ positions from one series (which is nearing expiry date) to the next one.

Rollover percentage actually indicates whether the traders are willing to carry forward their existing. positions (long or short) to the next series or not. Generally, the rollover figures alone will not indicate which direction traders are betting on. You should also check whether absolute open interest is increasing or decreasing over expiries

What is Options Max Pain Theory?

Options Max Pain Theory suggests,

“On option expiration day, the underlying stock price often moves toward a point that brings maximum loss to option buyers.”

Ratio Analysis

The Bank was incorporated in the year 2004 by Rana Kapoor and Late Ashok Kapur, which is a new age private sector bank. And since the inception of the bank has fructified into a “Full-Service Commercial Bank,” it has steadily built Corporate and Institutional Banking, Financial Markets, Investment Banking, Corporate Finance, Branch Banking, Business and Transaction Banking, and Wealth Management business lines across the whole country.

It is well-equipped to offer a spectrum of products and services to all the corporate and retail customers.

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Bulk Deals
Symbol Name Deal Date Client Name Transcation Type Quantity Price
SOLARINDS 2015-10-26 SBI MUTUAL FUND P 455609.00 3100.00
SOLARINDS 2015-10-26 OMAN INDIA JOINT INVESTMENT FUND S 774195.00 3100.42
SOLARINDS 2015-10-26 KOTAK MAHINDRA MUTUAL FUND KOTAK SELECT FOCUS FUND P 103500.00 3100.00
SOLARINDS 2012-02-23 ANUJ SHANTILAL BADJATE S 99699.00 849.82
SOLARINDS 2009-06-10 BIRLA MUTUAL FUND AC INDIA ADVANTAGE OFFSHORE FUND P 100000.00 255.42
SOLARINDS 2009-06-10 NOTZ STUCKI ET CIE S A A/C. ARUNA FUND S 416492.00 255.16
SOLARINDS 2009-06-10 BIRLA MUTUAL FUND AC BIRLA MIDCAP FUND P 205000.00 255.42
SOLARINDS 2009-06-10 BIRLA MUTUAL FUND AC BIRLA SPECIAL SITUATIONS FUND P 110000.00 255.42
SOLARINDS 2009-04-17 NOTZ STUCKI ET CIE S A AC ARUNA FUND S 200000.00 205.02
SOLARINDS 2009-04-17 HDFC TRUSTEE CO LTD AC HDFC GROWTH FUND P 199747.00 205.00
SOLARINDS 2006-11-29 JF INDIA FUND P 500000.00 135.50
SOLARINDS 2006-11-29 JF INDIA FUND S 500000.00 130.50
SOLARINDS 2006-04-26 H.J.SECURITIES PVT LTD S 101985.00 291.01
SOLARINDS 2006-04-26 H.J.SECURITIES PVT LTD P 101985.00 290.69
SOLARINDS 2006-04-04 SAM GLOBAL SECURITIES LIM S 102989.00 260.39
SOLARINDS 2006-04-04 SAM GLOBAL SECURITIES LIM P 102989.00 260.32
SOLARINDS 2006-04-03 MBL AND COMPANY LIMITED S 75250.00 266.45
SOLARINDS 2006-04-03 MBL AND COMPANY LIMITED P 75250.00 269.59
SOLARINDS 2006-04-03 AMU SHARES AND SEC LTD S 90359.00 266.04
SOLARINDS 2006-04-03 AMU SHARES AND SEC LTD P 90359.00 265.46
SOLARINDS 2006-04-03 A.MEHTA S 130758.00 261.09
SOLARINDS 2006-04-03 A.MEHTA P 130758.00 262.60
SOLARINDS 2006-04-03 SAM GLOBAL SECURITIES LIM S 396133.00 266.57
SOLARINDS 2006-04-03 SAM GLOBAL SECURITIES LIM P 396133.00 267.16
Block Deals
Symbol Name Deal Date Client Name Transcation Type Quantity Price
Dividend history
Ex Date Amount
2019-07-18 7.00
2018-07-18 6.00
2017-08-09 3.00
2017-02-20 2.00
2016-03-16 13.50
2015-11-09 9.00
2015-08-27 9.00
2014-11-19 8.00
2014-08-22 7.00
2013-11-13 5.00
2013-08-30 6.00
2012-11-15 5.00
2012-08-01 5.00
2011-11-22 5.00
2011-07-29 4.00
2010-11-11 4.00
2010-08-11 3.50
2010-02-17 3.50
2009-09-08 4.50
2008-09-10 1.50
2007-11-01 1.50
2007-09-12 1.50
Bonus Data
Company Name Split Date From Value To Value
Split Data
Company Name Split Date From Value To Value
SOLAR INDUSTRIES INDIA LTD. 2016-07-13 10.00 2.00