SOLARINDS

Solar Industries India Limited · NSE · INE343H01029 · F&O · lot 50 · 272 sessions on record

₹19,400.00▼ −300.00 · −1.5%from ₹19,700.00 the session before · 1 Oct 2026 close · NSE end of day

Open: ₹19,588.00
High: ₹19,673.00
Low: ₹18,786.00
Day's range: ₹8904.5% of the previous close
VWAP: ₹19,208.24close +1.0% from it
Volume, shares: 2.0 L0.73× the 20-session average
Turnover, ₹ crore: 390
Trades: 43,0004.7 shares per trade
Previous close: ₹19,700.00−300.00 to the close
Price band, next session: ₹17,460.00 – ₹21,340.0010% either side of the close · dynamic, widened in 5% steps when hit

Day range69% of the way up

₹18,786.00₹19,673.00

52-week range70% of the way up

₹11,646.00 18 Dec₹22,700.00 15 Sept

−15% from the high · +67% from the low

The desk read · 1 Octexpiry 27 Oct · 26 days

short build-up

futures read

price −1.5% · OI +0.1%

−11.00

futures premium, ₹

−0.1% to spot ₹19,400.00

0.50

puts per call, by OI

by volume 0.48

19,750

max pain

+1.8% from the close

▲ +0.1%

futures OI on the day

+29 lots · 20,000 open

Short build-up into a 26-day expiry: futures OI +0.1% on a −1.5% day, the most call OI sits at 20,000, the most put OI at 19,000, max pain 19,750.

Futures and options

1 Oct close · lot 50 · NSE end of day

SOLARINDS futures closed at ₹19,389.00, −0.1% to spot, with 92% of open interest in the 27 Oct contract, and the 19,500 straddle prices a move of about ±7.3% by expiry.

Futures by expiryall 3 contracts NSE lists on the stock · basis against the spot close ₹19,400.00

Futures by expiry, basis against the spot close ₹19,400.00
Expiry	Close ₹	Basis ₹ · %	Annualised %	OI lots · on the day	Share of OI %	Contracts traded
27 Oct26 days	₹19,389.00	−11.00−0.1%	−0.80%	18,0000.0% · 0.00 lots	92	3,400
23 Nov53 days	₹19,429.00	+29.00+0.1%	+1.0%	1,600▲ +1.1% · +18 lots	8.3	270
29 Dec89 days	₹19,458.00	+58.00+0.3%	+1.2%	17▲ +183.3% · +11 lots	0.09	27

8.4% of futures OI sits beyond the 27 Oct contract · 42 of 56 listed contracts traded · 24,000 option contracts changed hands

Options27 Oct expiry · 26 days

The 19,500 straddle closed at ₹1,426.55 (call 647.30 + put 779.25), pricing a move of about ±7.3% by the 27 Oct expiry. In the last 253 windows of 19 sessions, SOLARINDS moved more than that 87 times.

Call OI, lots: 12,0006.1 L shares
Put OI, lots: 6,1003.1 L shares
Puts per call, by OI: 0.50by volume 0.48
Max pain: 19,750+1.8% from the close
Contracts traded: 42 of 56listed for this expiry

Open interest by strike, lotstop three strikes each side

Calls

Strike

Puts

1,700

22,000

1,400

21,000

2,100

20,000

860

19,750

1,000

19,000

1,100

Open interest added on the day, lotsthree largest additions each side

Calls

Strike

Puts

+150

21,000

+100

20,500

+190

20,000

18,500

+82

18,000

+60

16,500

+39

Close ₹ · Nifty 50 rebased to the first close · futures open interest by the day's build-up126 sessions to 1 Oct · axis fixed at 4 × ATR-14 around the last close · hover or tap a session and the read beside the chart follows it

272 sessions on file · from 28 Aug

SOLARINDS close
Nifty 50, rebased
long build-up · price up, OI up
short build-up · price down, OI up
short covering · price up, OI down
long unwinding · price down, OI down

Session read · latest close: 1 Oct 2026
Close ₹ · day %: ₹19,400.00▼ −1.5% on the previous close
Against Nifty 50: Nifty −0.9%−0.6 pp difference on the day
Futures OI, lots: 20,000+29 lots · +0.1% on the day
The day's build-up: short build-upprice −1.5% · OI +0.1%
Against the averages: below 20 · below 5020-session ₹20,244.75 (−4.2%) · 50-session ₹19,683.10 (−1.4%)
Volume: 0.73×the previous 20 sessions · 2.0 L shares
Extremes on the day: none

The market after the news

close against the last close before each bulletin · Nifty 50 over the same sessions

After the last 5 bulletins, SOLARINDS closed higher five sessions later in 3 of 5.

Close after each bulletin on the day, one session later and five sessions later, with Nifty 50 and futures open interest
Bulletin	Day of the news	1 session later	5 sessions later	Futures OI on the day
16 SeptSolar Industries targets revenue growth after Omnia acquisition	▼ −0.5%Nifty +0.2% · −0.7 pp	▼ −1.8%Nifty +0.6% · −2.4 pp	▲ +3.1%Nifty −0.7% · +3.7 pp	▲ +3.4%short build-up
15 SeptSolar Industries shares drop 12% after ₹12,951 crore acquisition	▼ −1.8%Nifty +0.4% · −2.3 pp	▼ −2.3%Nifty +0.7% · −2.9 pp	▲ +2.5%Nifty +1.4% · +1.1 pp	▲ +3.7%short build-up
14 FebGoldman Sachs assigns Buy rating on five defence stocks	▲ +0.5%Nifty +0.8% · −0.3 pp	▲ +1.7%Nifty +1.0% · +0.7 pp	▲ +2.5%Nifty +0.9% · +1.6 pp	▼ −3.0%short covering
6 FebSolar Industries India reports strong earnings beat	▼ −2.9%Nifty +0.2% · −3.1 pp	0.0%Nifty +0.9% · −0.8 pp	▼ −2.5%Nifty −0.7% · −1.9 pp	▲ +1.7%short build-up
30 JanSolar Industries secures ₹8.3 billion order	▼ −2.1%Nifty −2.0% · −0.1 pp	▼ −2.1%Nifty −0.9% · −1.2 pp	▼ −3.6%Nifty +1.5% · −5.0 pp	▼ −0.5%long unwinding

5 of 5 bulletins

Quarterly results

consolidated · latest filed 13 Aug, 04:13 pm IST · NSE filings

Revenue ₹3,668 cr, +70% on a year earlier; profit ₹666 cr, +89% in the Jun 2026 quarter, consolidated.

Last 8 quarters, consolidated₹ crore as filed · year on year against the same quarter a year earlier · market: close on the first session after the filing against the last close before it, Nifty 50 over the same session

Quarterly results of SOLARINDS on the consolidated basis with the market's move on the first session after each filing
Quarter	Revenue ₹ cr	Revenue YoY	Profit ₹ cr	Profit YoY	EPS ₹	Market on the day
Jun 2026filed 13 Aug	₹3,668 cr	▲ +70%	₹666 cr	▲ +89%	72.11	▼ −1.8%Nifty −0.1% · −1.6 pp
Mar 2026filed 15 May · audited	₹3,053 cr	▲ +41%	₹556 cr	▲ +61%	60.52	▲ +4.1%Nifty 0.0% · +4.0 pp
Dec 2025filed 3 Feb	₹2,548 cr	▲ +29%	₹467 cr	▲ +38%	49.31	▼ −1.6%Nifty +0.2% · −1.8 pp
Sept 2025filed 10 Nov	₹2,082 cr	▲ +21%	₹362 cr	▲ +19%	38.12	▲ +2.8%Nifty +0.5% · +2.4 pp
Jun 2025filed 7 Aug	₹2,154 cr	▲ +27%	₹353 cr	▲ +17%	37.43	▼ −2.9%Nifty −0.9% · −2.0 pp
Mar 2025filed 20 May · audited	₹2,167 cr	▲ +35%	₹346 cr	▲ +43%	35.61	▲ +5.2%Nifty +0.5% · +4.7 pp
Dec 2024filed 6 Feb	₹1,973 cr	▲ +38%	₹338 cr	▲ +52%	0.00	▼ −5.6%Nifty −0.4% · −5.2 pp
Sept 2024filed 14 Nov	₹1,716 cr	▲ +27%	₹304 cr	▲ +45%	31.59	▲ +3.3%Nifty −0.1% · +3.4 pp

By financial yearApril to March · each year the sum of its four quarters as filed, consolidated · EPS summed across the quarters · only complete years

Financial-year results of SOLARINDS on the consolidated basis, summed from the quarters filed
Year	Revenue ₹ cr	Revenue YoY	Profit ₹ cr	Profit YoY	EPS ₹
FY26to Mar 2026	₹9,838 cr	▲ +30%	₹1,737 cr	▲ +35%	185.38
FY25to Mar 2025	₹7,550 cr	▲ +24%	₹1,288 cr	▲ +47%	98.86
FY24to Mar 2024	₹6,070 cr	—	₹875 cr	—	92.39

Fundamentals

consolidated · filings to Jun 2026 · close ₹19,400.00 on 1 Oct

SOLARINDS trades at 88 times trailing earnings, 27 times book value, revenue +42% over twelve months, a 0.11% dividend yield, market cap ₹1,80,000 cr.

Valuationarithmetic on filings and the close · each cell names what it rests on · — where an input is missing

Market cap: ₹1,80,000 cron 1 Oct · free float ₹47,000 cr
Price to earnings: 88consolidated · four quarters to Jun 2026
Trailing EPS: ₹220.06diluted · consolidated · four quarters to Jun 2026
Price to book: 27consolidated · balance sheet to Mar 2026
Book value a share: ₹723.71consolidated · balance sheet to Mar 2026 · over NSE's share count
Debt to equity: 0.22borrowings over equity · consolidated · balance sheet to Mar 2026
Return on equity: 37%trailing profit over average equity · consolidated
Dividend yield: 0.11%₹22.00 a share in 365 days
Face value: ₹2a share
Shares outstanding: 9 cron 1 Oct

Growthsums of the four quarters filed to Jun 2026 · growth against the four quarters before them · consolidated

Revenue, trailing 12 months: ₹11,351 crfour quarters to Jun 2026
Revenue growth, 12 months: ▲ +42%against the twelve months before
Revenue 2-year CAGR: ▲ +37%trailing twelve months against the twelve months 2 years earlier · consolidated
Profit, trailing 12 months: ₹2,051 crfour quarters to Jun 2026
Profit growth, 12 months: ▲ +53%against the twelve months before
Profit 2-year CAGR: ▲ +45%trailing twelve months against the twelve months 2 years earlier · consolidated

PeersBSE sub-group Explosives · F&O stocks with filings on record · industry P/E needs two stocks with trailing profit and a market cap

Stocks in the BSE sub-group Explosives with market cap, price to earnings and price to book
Stock	Market cap ₹	P/E	P/B	Close ₹
SOLARINDSSolar Industries India Limited	1,80,000 cron 1 Oct	88consolidated	27	₹19,400.00
PREMEXPLNPremier Explosives Limited	3,700 cron 1 Oct	—	13	₹682.05
GOCLCORPGOCL Corporation Limited	1,700 cron 1 Oct	—	0.55	₹351.65

Shareholding

quarter to 30 Jun · 2.3% of the promoter holding pledged · NSE filings

Promoters hold 73.2%, foreign portfolio investors 6.4%, mutual funds 12.3% and insurance companies 0.5%, as filed for the quarter to 30 Jun.

73.2%12.3%

By category, last 5 quarterspercent of shares · beneath each figure, the change in percentage points against the previous quarter on file

Shareholding of SOLARINDS by category over the last 5 quarters with the change against the previous quarter
Category	30 Jun	31 Mar	31 Dec	30 Sept	30 Jun
Promoters	73.150.00 pp	73.150.00 pp	73.150.00 pp	73.150.00 pp	73.15
Foreign portfolio investors	6.39▼ −0.20 pp	6.59▼ −0.15 pp	6.74▼ −0.37 pp	7.11▲ +0.32 pp	6.79
Mutual funds	12.25▲ +0.32 pp	11.93▼ −0.03 pp	11.96▲ +0.26 pp	11.70▼ −0.52 pp	12.22
Insurance companies	0.490.00 pp	0.49▲ +0.02 pp	0.47▼ −0.35 pp	0.82▼ −0.11 pp	0.93
Banks and financial institutions	0.62▲ +0.15 pp	0.47▼ −0.01 pp	0.48▲ +0.10 pp	0.38▼ −0.06 pp	0.44
Individual investors	5.48▼ −0.22 pp	5.70▲ +0.18 pp	5.52▲ +0.33 pp	5.19▲ +0.27 pp	4.92
Bodies corporate	1.28▼ −0.02 pp	1.30▼ −0.03 pp	1.33▲ +0.03 pp	1.30▲ +0.10 pp	1.20
Others	0.34▼ −0.03 pp	0.37▲ +0.02 pp	0.350.00 pp	0.350.00 pp	0.35

Corporate actions

NSE and BSE records

Nothing upcoming on record; the last was a dividend of ₹11.00 a share, ex-date 28 Jul 2026.

Actionsex-dates · upcoming first, then the last eight · dividends in rupees a share, bonus and split as ratios

Corporate actions of SOLARINDS, upcoming first, then the most recent
Ex-date	Action	Amount or ratio	Record date	Source
recent
28 Jul 2026	dividend	₹11.00	28 Jul 2026	BSE
8 Jul 2025	dividend	₹10.00	8 Jul 2025	BSE
4 Jul 2024	dividend	₹8.50	—	BSE

Calendaras notified to the exchange

Next results: —no board meeting notified yet
Dividends in 365 days: ₹22.00a share · ex-dates inside the year
Last dividend: ₹11.00ex-date 28 Jul 2026

Price history

272 sessions on record · to 1 Oct · NSE end of day

SOLARINDS is −5.8% over 20 sessions against Nifty's −6.2%, 15% below its 52-week high, realised volatility 66% annualised.

Returns against Nifty 50longest window first · Nifty 50 over the same sessions

Returns of the stock and Nifty 50 over six windows, longest first
Window	From ₹	SOLARINDS %	Nifty 50 %	Difference pp
250 sessionssince 26 Sept	₹13,765.70	▲ +41%	▼ −9.1%	+50
120 sessionssince 9 Apr	₹13,927.78	▲ +39%	▼ −5.7%	+45
60 sessionssince 8 Jul	₹17,971.28	▲ +8.0%	▼ −6.1%	+14
20 sessionssince 2 Sept	₹20,601.04	▼ −5.8%	▼ −6.2%	+0.41
5 sessionssince 24 Sept	₹19,479.87	▼ −0.41%	▼ −2.8%	+2.4
1 sessionsince 30 Sept	₹19,699.43	▼ −1.5%	▼ −0.88%	−0.64

Averages of the closeclose against each average

5-session average: ₹19,329.00close +0.37% from it
20-session average: ₹20,244.75close −4.2% from it
50-session average: ₹19,683.10close −1.4% from it
200-session average: ₹16,216.49close +20% from it

Range and volumetrue range over 14 sessions · high to low over 20 · volume against the 20-session average

Average true range, 14: ₹9304.8% of the close
Average day's range, 20: ₹7503.9% of the close
Volume against 20 sessions: 0.73×2.0 L vs 2.8 L average

Volatility and co-movement with Nifty 50annualised from daily log returns · counts share one denominator per cell

Realised volatility, 20: 66%≈ ±4.1% a session · moved more than that on 3 of 20
Realised volatility, 60: 46%≈ ±2.9% a session · moved more than that on 10 of 60
Realised volatility, 250: 36%≈ ±2.3% a session · moved more than that on 61 of 250
Beta to Nifty, 60: 1.08moved with Nifty on 29 of 60 sessions
Beta to Nifty, 250: 0.90moved with Nifty on 154 of 250 sessions

Up and down sessionscloses above and below the previous close

Last 20 sessions: 8 up · 12 downof 20
Last 60 sessions: 30 up · 30 downof 60
Last 250 sessions: 133 up · 117 downof 250
Best session, 250: ▲ +9.0%28 Jan
Worst session, 250: ▼ −14%15 Sept

5 bulletins on SOLARINDS

latest 16 Sept 2026

Beats in the coverage

Often mentioned with

September 2026

16 Sept Solar Industries targets revenue growth after Omnia acquisitionSolar Industries announced the acquisition of Omnia Holdings for ₹12,951 crore, targeting ₹32,000 crore in revenue and over ₹7,000 crore in EBITDA by FY28. This strategic move enhances its global manufacturing capabilities and market presence.High 15 Sept Solar Industries shares drop 12% after ₹12,951 crore acquisitionSolar Industries India Limited shares declined over 12% after its ₹12,951 crore acquisition of Omnia Holdings. Goldman Sachs maintains a Buy rating with a target of ₹26,550, indicating a potential 19% upside based on expected synergies.Medium

February 2026

14 Feb Goldman Sachs assigns Buy rating on five defence stocksGoldman Sachs assigned a Buy rating on five defence stocks: Solar Industries, Data Patterns, Astra Microwave, Azad Engineering, and PTC Industries. The report cites an 18% increase in capital allocation in the FY27 Union Budget as a key growth driver for the sector.High 6 Feb Solar Industries India reports strong earnings beatSolar Industries India Limited reported quarterly revenues of ₹25b, meeting expectations, while statutory profit of ₹49.31 per share exceeded forecasts. Analysts now project revenues of ₹123.8b by 2027, reflecting a 38% growth, which may enhance investor sentiment.Medium

January 2026

30 Jan Solar Industries secures ₹8.3 billion orderSolar Industries India Ltd secured an order worth ₹8.3 billion, which is expected to enhance its revenue and market position. This significant contract may positively influence trading sentiment for the stock.High

About Solar Industries India Limited

exchange masters as of 18 Sept 2026 · classification by BSE

Company: Solar Industries India Limited
Exchange: NSE · BSE 532725, group A
Listed on NSE: 3 Apr 2006
Classification: Commodities › Chemicals › Chemicals & Petrochemicals › Explosives
Index: BSE 200
Face value: ₹2 a share
ISIN: INE343H01029
Sessions on record: 272
Price source: NSE UDiFF bhavcopy · end of day · delayed
Filings: NSE and BSE public disclosures · results, shareholding and corporate actions as filed
Computed: 1 Oct, 07:54 pm IST
Bulletins: 5 · written by the desk · not a recommendation

OI Charts is not a SEBI-registered investment adviser or research analyst. Prices, open interest, filings and the desk read are exchange data and arithmetic on it, not a basis for any investment decision.