₹17,100 Cr Order Book: Solar Industries bags work order from an international client

Synopsis:- A leading defence and explosives manufacturer gained nearly 2% after securing ₹589 crore export orders, adding to an earlier ₹830 crore international contract. With an order book above ₹17,100 crore and strong defence contribution, the company continues to strengthen its global presence and long-term execution visibility.

The shares of the leading explosives & blasting system manufacturer gained up to 3 percent in today’s trading session after the company bagged export orders worth Rs 589 crores from International Clients.

With a market capitalisation of Rs 1,23,873.19 crore, the shares of Solar Industries India Ltd were trading at Rs 13,592.45 per share, increased 0.87 percent as compared to the previous closing price of Rs 13,475.30 apiece.

The shares of Solar Industries India Ltd have seen positive movement after the company and its subsidiary received export orders worth Rs 589 crores for the supply of Defence Products from International Clients, to be delivered over a period of 4 years.  

Earlier, the company had secured an international defence order worth Rs 830 crore for the supply of defence products. The contract will be executed over a period of four years. The order has been awarded by an international entity, and there is no promoter or related party interest involved in the transaction.

The company delivered steady financial growth in Q2FY26, with revenue rising 21% to  Rs 2,082 crore compared to  Rs 1,716 crore in Q2FY25. Net profit also grew 19% to  Rs 361 crore from  Rs 304 crore. The performance reflects healthy demand momentum and improved operational strength during the period.

Over the past one year, Solar Industries India has maintained a strong operating performance. Operating profit rose from  Rs 527 crore in Dec 2024 to  Rs 552 crore in Sep 2025, showing steady improvement. OPM remained healthy, moving from 27% in Dec 2024 to 26% in Sep 2025, reflecting consistent margin strength despite fluctuations in quarterly revenues.

Solar Industries India reported strong half-year growth with total revenue rising 25% to  Rs 4,237 crore in HYFY26. Defence revenue surged 79% year-on-year, increasing its contribution to 22%. International business grew 30%, contributing 42% of sales. However, CIL and Housing & Infra segments saw a decline, reflecting a shift toward defence and export-driven growth.

Solar Industries India has a robust order book exceeding  Rs 17,100 crore, highlighting strong business visibility. Of this, around  Rs 15,500 crore comes from the defence segment, while  Rs 1,600 crore is from CIL and SCCL. The sizeable defence exposure reflects the company’s growing presence in strategic and high-value segments.

Solar Industries India is a leading manufacturer of industrial explosives and defence products, serving mining, infrastructure, and strategic sectors. The company has a strong global presence with exports to multiple countries. In recent years, it has expanded aggressively into defence manufacturing, strengthening its order book and positioning itself as a key player in India’s self-reliance push.

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