Rs 3,912 crore order book: This multibagger explosives manufacturing company bags fresh export orders worth Rs 994 crore from international client!

The shares of the company have an ROE of 33.4 per cent and an ROCE of 34.7 per cent.

Solar Industries Ltd informed that the company bags fresh export orders worth Rs 994 crore. The order includes the supply of products for defence-based applications to the international client within 3 years.

Today, shares of Solar Industries Ltd gained 2.87 per cent to Rs 6,819.50 per share with an intraday high of Rs 6,850.60 and an intraday low of Rs 6,646.90. The shares of the company saw a spurt in volume by more than 1.79 times on BSE. The stock’s 52-week high of Rs 8,499 and its 52-week low is Rs 3,456.96.

Solar Industries Ltd (SIL) is one of the world’s leading manufacturers of bulk explosives, packaged explosives and initiating systems, which find applications in the mining, infrastructure and construction industries. SIL also ventured into the defence segment in 2010 and diversified into manufacturing propellants for missiles and rockets, warheads and warhead explosives.

The company has a market cap of over Rs 60,000 crore and has delivered good profit growth of 28.1 per cent CAGR over the last 5 years. As of September 30, 2023, the company’s order book stands at Rs 3,912 crore and including the above order the company’s current order book stands at Rs 4,906 crore.

The shares of the company have an ROE of 33.4 per cent and an ROCE of 34.7 per cent. The stock gave multibagger returns of 200 per cent in 2 years and a whopping 500 per cent in 3 years. Investors should keep an eye on this Mid-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.