Thread by @sovrennofficial

#SolarIndustries Limited, Founded in 1995, is engaged in manufacturing of bulk explosives, packaged explosives and initiating systems. The company became the 1st in the country to cross annual production 3,00,000MT of explosives. It also has emerged as the largest exporter of… https://t.co/vq23o3Dhtutwitter.com/i/web/status/1…

The company in 2010, ventured into the defence sector and have set up one world's most integrated facilities for ammuniation. For defence sector, it manufactures propellants for missiles and rockets, warheads and warhead explosives.
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The company supplies its products to various sectors including Construction, Road & Infrastructure, Mining, Quarries, Seismic Explosion, Tunneling, Defence and Hydro Projects.
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Company was awarded the Maharashtra Safety Award for longest accident-free period in manufacture of explosives and ammunition in 2016-17.
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#GeographicalPresence Apart from India, the company has its presence in Turkey, Zambia, Nigeria, South Africa, Australia, Ghana, Tanzania. The products of the company are utilized in more than 50 countries.
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#leadership
Manish Satyanarayan Nuwal is the Managing Director of the company. He is also on the board of 16 other companies.

Kailash Chandra Nuwal is the Director of the company. He is associated with 8 comapnies.

Indira Kailashchandra Nuwal is currently holding directorship… twitter.com/i/web/status/1…

Satyanarayan Nandlal Nuwal is the Chairman and Non-Executive Director of the company.

Seema Manish Nuwal is the Director of Solar Specialty Chemical Ltd.

Rahul Nawal is Director of Solar Mines & Minerals Ltd.

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#Financials
(As on March, In INR Cr)

Sales = 2020 - 2237, 2021 - 2516, 2022 - 3948, 2023 - 6923

Op. Profit = 2020 - 434, 2021 - 515, 2022 - 748, 2023 - 1289

Net Profit = 2020 - 279, 2021 - 288, 2022 - 455, 2023 - 811

M. cap of the company is 34,775Cr, trading at a PE of… twitter.com/i/web/status/1…

For the Quarter ending Mar-23, sales increased by 46% from INR 1,317 Cr to INR 1,929 Cr. Net Profit increased by 26% from INR 175 Cr to INR 221 Cr over the same period.

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#FutureVisibilty
As on 3rd May'23, the order book of the company was INR 2,944Cr.

Apr'23: Received order worth INR 212Cr, from Economic Explosive Limited Supply of Loitering Munition to the Ministry of Defense, Government of India.

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Apr'23: Wholly owned subsidiaries of the Company, agreed to make investment in Rajasthan Explosives and Chemicals Limited (RECL) by acquiring the entire business and undertaking of RECL through Business Acquisition Agreement.

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This is not a BUY or SELL recommendation. It is only for information purpose.

Ensure a thorough analysis of risks and opportunities before making any decision.

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