Solar Industries India Share Price Target From 2024 to 2030: The strong market position of the company-the leading manufacturer of industrial explosives, ammunition-continues to stand stable and so does Solar Industries India Ltd. It has remained in news for quite a number of infra, defense, and mining-related industries. Here is an in-depth financial and operating performance analysis of Solar Industries India, which also sets share price targets from 2024 to 2030.
Market Summary and Performance For Solar Industries India Share Price
- Opening Price: ₹9,973.50
- High Price: ₹10,121.00
- Lower Price: ₹9,924.15
- Market Capitalization: ₹90.49K Cr
- P/E Ratio: 89.53
- Dividend Yield: 0.085%
- 52-Week High: ₹13,298.00
- 52-Week Low: ₹5,909.35
- The stock is quoting close to ₹10,000.00 with a daily hike of 0.27%. The stock is stable though fluctuation persists.
Shareholding Pattern For Solar Industries India Share Price
- Promoters: 73.15 (Remained Unchanged)
- Mutual Funds: 11.71 (Down)
- Foreign Institutions (FII/FPI): 7.53 (From previous week 7.56%)
- Retail and Others: 6.64
- Other Domestic Institutions: 0.97
Important Highlights For Solar Industries India Share Price
- Promoters: The promoters have maintained their dominance at 73.15% after the pledging remains unchanged at 0.55%.
- Foreign Investments: Although the holding percent decreased marginally,
- FII/FPI investors increased from 362 to 399 numbers, indicating increasing global interest.
- Mutual Funds: Declined holdings to 11.71% from 12.06%. Number of schemes declined to 26 from 28.
Solar Industries Share Price Targets for the period of 2024 to 2030
| YEAR | SHARE PRICE TARGET |
| 2024 | ₹10050 |
| 2025 | ₹10075 |
| 2026 | ₹10102 |
| 2027 | ₹10130 |
| 2028 | ₹10158 |
| 2029 | ₹10197 |
| 2030 | ₹10231 |
Growth Drivers For Solar Industries India Share Price
1. Strong Market Leadership
Solar Industries India leads the explosives industry, as long-term contracts with mining and defense ensure a good return of investment.
2. Defence Manufacturing Business
The increasing defence manufacturing business of the company goes very well with India’s focus on indigenization of defence equipment, providing stability in revenue.
3. Diversification Across Industry Areas
Applicable to mining, construction, and infrastructure, Solar Industries has effectively diversified its risks and enhanced revenue potential.
4. Promoter Confidence
The consistent promoter holding of 73.15% and minimal pledging (0.55%) indicate tremendous confidence in the company’s future prospects.
5. Institutional Support
The existence of mutual funds and FIIs shows institutional confidence, although they have gone down marginally in their holdings.
Challenges and Risks For Solar Industries India Share Price
1. High Valuation
The P/E ratio of 89.53 states that the stock is trading at a premium. This might deter many investors from entering the stock further increasing its vulnerability to the market correction levels.
2. Dependency on Key Sectors
The company being sensitive to the sectoral slowdowns faced by industries like mining and infrastructure, its performance is subject to sectoral slowdowns.
3. Geopolitical Risks
As the company engages in the defence manufacturing business, there could be risks associated with geopolitical tensions or change in government policies.
4. Competitive Landscape
As the industrial explosives demand increases, new entrants as well as the existing competitors may pose a challenge to the Solar Industries’ market share.
2024 Solar Industries India Share Price Target: ₹10,050
The company is likely to exhibit steady performance, driven by its core industries and defense contracts. Institutional and retail confidence is bound to help stabilize the stock.
2025 Solar Industries India Share Price Target: ₹10,075
The company is likely to continue focus on defense indigenization and infrastructure development, which will further their growth trajectory for Solar Industries.
2026 Solar Industries India Share Price Target: ₹10,102
Investments in R&D and technological advancements are expected to enhance the efficiency and profitability of the company.
2027 Solar Industries India Share Price Target: ₹10,130
By this year, Solar Industries can now reap from long-term contracts and steady market growth.
2028 Solar Industries India Share Price Target: ₹10,158
Increasing demand for industrial explosives and defence equipment globally and domestically will likely push the revenues higher, supporting steady appreciation in the share price.
2029 Solar Industries India Share Price Target: ₹10,197
The company is expected to rise steadily, based on diversified operations and robust financials.
2030 Solar Industries India Share Price Target: ₹10,231
By 2030, Solar Industries is expected to give stable returns with sufficient dominant market shares within its segment.
Investment Prospects For Solar Industries India Share Price
For investors seeking predictable medium- and long-term returns, Solar Industries India is a sound investment prospect. The diversified business model and strong market position make the company better positioned for market uncertainty. However, valuation metrics and sectoral risks should be carefully assessed by potential investors before decision making.
Frequently Asked Questions About Solar Industries India Share Price
1. Solar Industries India – Is it a good long-term investment option?
Yes. The key drivers that make Solar Industries India a good long-term investment option include its solid market position, stable growth, and diversified business portfolio.
2. Solar Industries India share price target 2024
₹10,050 share price target in 2024, with the expected steady performance.
3. What are some of the major risks associated with investment in Solar Industries India?
Its high valuation, dependence on industries like power and coal, political risk, and competition threat in the sector of industrial explosives are some major concerns.
4. How do promoter holdings affect the stability of the stock?
The promoter holding has remained stable at 73.15%. It reflects thorough confidence in the company’s future and bodes well for the stability of the stock.
5. Why is Solar Industries trading at a high P/E ratio?
The high P/E ratio of 89.53 points to robust investor confidence in future growth prospects but also indicates the stock is over-priced.
6. What are the implications of the company being involved in defense manufacturing to its prospects?
The fact that the company is focused on defense manufacturing aligns with India’s pursuit of self-reliance in defense, which gives a good amount of stable and lucrative revenue streams.
7. What are the driving factors of the share price targets for 2024-2030?
Factors include sectoral demand, geopolitical changes, technological developments, and the efficiency of the company’s operations.
Investment in Solar Industries India is a good opportunity for investment across steady growth in industrial explosives and defense. While the Solar Industries India Share Price targets may be placed at ₹10,050 for the year 2024 and ₹10,231 for 2030, the long-term trajectory appears to be stable enough. But the valuation is high, and investors would have to consider the strong fundamentals and growth drivers driving the company before investing.
