Rs 7,122 Crore Order Book: Prime Minister Shri Narendra Modi Ji Visits to Solar Defence and Aerospace Limited
The stock is up by 43 per cent from its 52-week low of Rs 7,889.95 per share and gave multibagger returns of over 1,100 per cent in 5 years.
The recent visit of Hon'ble Prime Minister Shri Narendra Modi to Solar Defence and Aerospace Limited signifies a pivotal moment for India's indigenous defence sector. On March 30, 2025, the Prime Minister inaugurated the newly established Loitering Munition Testing Range and a dedicated runway for Unmanned Aerial Vehicles (UAVs) at the company's facilities. This development underscores the government's unwavering commitment to bolstering India's self-reliance, or 'Atmanirbhar Bharat,' particularly in critical defence and aerospace technologies.
The inauguration of these state-of-the-art testing and operational facilities represents a substantial leap forward in the nation's ability to develop and deploy cutting-edge defence systems. By providing the necessary infrastructure for testing and validating loitering munitions and UAVs, Solar Defence and Aerospace Limited is directly contributing to India's strategic autonomy and technological prowess. The company's focus on indigenous production and technological advancement aligns seamlessly with the national vision, paving the way for a stronger and more secure India.
Earlier, Solar Industries India Limited, through its subsidiary Solar Defence and Aerospace Limited (formerly Economic Explosives Limited), has secured a significant contract with the Ministry of Defence, Government of India, valued at Rs 239 crore. This domestic order entails the supply of Multi-Mode Hand Grenades for one year, reinforcing the company's position as a key supplier of defence products to the Indian military.
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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 1,00,000 crore and has delivered good profit growth of 28.1 per cent CAGR over the last 5 years. As of December 31, 2024, the company’s order book stands at Rs 7,122 crore.
The shares of the company have an ROE of 31 per cent and an ROCE of 33 per cent. The stock is up by 43 per cent from its 52-week low of Rs 7,889.95 per share and gave multibagger returns of over 1,100 per cent in 5 years. Investors should keep an eye on this mid-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.