Rs 5,757 Crore Order Book: Multibagger Defence Explosives Manufacturer Bags Rs 2,039 Crore Orders From International Clients

The stock is up by 95 per cent from its 52-week low of Rs 5,910 per share and gave multibagger returns of 890 per cent in 5 years.

Solar Industries India Limited (SIL) and its subsidiary have secured significant export orders valued at Rs 2039 Crores from international clients. These orders pertain to the supply of defence products and are slated for delivery over a four-year period. The specific terms and conditions of the contracts are primarily focused on the timely delivery of high-quality defence products to international clients. This substantial international order underscores SIL's position as a reliable supplier of defence equipment and its ability to meet the evolving needs of global defence forces.

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 94,000 crore and has delivered good profit growth of 28.1 per cent CAGR over the last 5 years. As of September 30, 2024, the company’s order book stands at Rs 5,757 crore.

The shares of the company have an ROE of 33.4 per cent and an ROCE of 34.7 per cent. The stock is up by 95 per cent from its 52-week low of Rs 5,910 per share and gave multibagger returns of 890 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.