Rs 17,000+ Crore Order Book: Defence Company Bags New Order Worth Rs 158 Crore from Ministry of Defence

The stock has given multibagger returns of over 100 per cent from its 52-week low of Rs 8,479.30 per share and a whopping 1,700 per cent in 5 years.

Solar Industries India Limited's wholly-owned subsidiary, Solar Defence & Aerospace Limited (formerly Economic Explosives Limited), has secured a significant contract with the Ministry of Defence, Government of India, for the supply of defence products. Signed on June 22, 2025, this domestic order is valued at Rs 158 crore and is slated for delivery within a one-year timeframe. This contract underscores Solar Industries' pivotal role in contributing to India's defence capabilities.

Earlier, Solar Industries India Limited received an order worth Rs 402 crore from Coal India Limited. This domestic contract is for the supply of Cartridge Explosives & Accessories, with delivery expected over two years. This significant order further strengthens Solar Industries' position as a key supplier in the domestic market.

Solar Industries Ltd (SIL) is one of the world’s leading manufacturers of bulk explosives, packaged explosives and initiating systems, which find applications in the mining, infrastructure and construction industries. SIL also ventured into the defence segment in 2010 and diversified into manufacturing propellants for missiles and rockets, warheads and warhead explosives.

The company has a market cap of over Rs 1,50,000 crore and has delivered good profit growth of 35.2 per cent CAGR over the last 5 years. As of March 31, 2025, the company’s order book stands at Rs 17,000+ crore.

The shares of the company have an ROE of 31 per cent and an ROCE of 37 per cent. The stock has given multibagger returns of over 100 per cent from its 52-week low of Rs 8,479.30 per share and a whopping 1,700 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.