Sep 10, 2026, 1:02 PM1 views

Solar Industries: Defence exposure powers growth, but valuation may be running ahead of earnings

Solar Industries’ defence order book has surged to ₹18,000 crore, driving strong earnings growth. But with the stock trading at about 85 times FY27 estimated EPS, execution must stay on track.

Solar Industries has guided for FY27 revenue of ₹14,000 crore, with Q1 growth already running ahead of the required pace.(Pexel)

Summary

Solar Industries’ defence order book has surged to ₹18,000 crore, driving strong earnings growth.

Solar Industries India Ltd has delivered a whopping return of over 80% in 2026 so far, as the industrial explosives manufacturer’s rapidly expanding defence business drives strong earnings growth.

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