Multibagger Defence Stock: Record-High Order Book & Best-Ever Quarterly Performance; Secures Fresh Export Order from International Client!
share price has gained 276.6 per cent in the last 3-years, delivering multibagger returns.
Last week, the market recorded its steepest weekly decline of CY2025, with the Nifty50 index falling by 2.94 per cent. Amidst this downturn, a major development emerged from the defence sector.
Solar Industries India Ltd (SIIL) and its subsidiary have secured a massive export order worth Rs 2,150 crore for the supply of defence products, to be delivered over the next six years. Order is received by international client.
Record-Breaking Q3FY25 Performance
- Revenue: Rs 1,973 crore (up 38 per cent YoY) – highest-ever quarterly revenue.
- EBITDA: Rs 536 crore (up 46 per cent YoY) – highest-ever quarterly EBITDA.
- PAT: Rs 338 crore (up 52 per cent YoY).
- Defence Revenue: Over Rs 400 crore – highest-ever for a quarter.
- Order Book: Over Rs 7,100 crore – highest-ever.
Solar Industries India share price has gained 276.6 per cent in the last 3-years, delivering multibagger returns.
About Solar Industries India Ltd
Solar Industries India Ltd (SIIL) is the flagship company of the Solar Group, led by Mr. Satyanarayan Nuwal. Founded in 1983 as an explosives trading business, SIIL expanded into explosives manufacturing in 1996.
SIIL and its subsidiaries produce bulk explosives, packaged explosives, and initiating systems, catering to the mining, infrastructure, and construction industries. In 2010, the company entered the defence sector, diversifying into the production of propellants for missiles and rockets, warheads, and explosives.
Currently, SIIL operates 32 manufacturing plants across nine Indian states and seven overseas units in Zambia, Ghana, Nigeria, Turkey, South Africa, Tanzania, and Indonesia. The company has also established a Centre of Excellence for the life assessment of explosives and ammunition. Its head office is in Nagpur, Maharashtra.
Disclaimer: This article is for informational purposes only and should not be considered investment advice.