From Rs 38 To Over Rs 18,800: This Multibagger Defence Stock Guides For Rs 14,000 Crore FY27 Revenue; Check Key Details

Indian equity benchmarks traded mixed on Thursday, with the benchmark Nifty 50 index gaining 21.25 points, or 0.09 per cent, to 23,236.20. Amid the market action, Solar-industries-india-ltd-132725">Solar Industries India share price, one of India's leading Defence and explosives manufacturers, traded at Rs 17,916, up 1.24 per cent.

Solar Industries has delivered exceptional long-term returns for investors. The stock, which traded at around Rs 38 in 2009, has climbed to an all-time high of approximately Rs 18,875, highlighting the company's strong growth trajectory over the years.

Solar Industries FY27 Revenue Guidance Targets Rs 14,000 Crore

Management has guided for consolidated revenue of Rs 14,000 crore in FY27, representing an expected growth of approximately 30 per cent over the previous year.

According to the company, volume growth of 10-15 per cent is expected to contribute to revenue expansion, while price increases of 18-20 per cent, driven primarily by higher commodity and energy prices, are also expected to support growth.

Defence Business Expected To Cross Rs 4,500 Crore

The defence segment continues to emerge as a major growth driver for Solar Industries. Management expects defence revenue to exceed Rs 4,500 crore in FY27.

Meanwhile, the company's domestic and international non-defence businesses are expected to contribute approximately Rs 9,500 crore in revenue during the year, highlighting the diversified nature of its operations.

Solar Industries' Rs 21,300 Crore Order Book Provides Strong Visibility

Solar Industries entered FY27 with a total order book of approximately Rs 21,300 crore, providing strong revenue visibility over the coming years.

Of the total order book, defence-related orders account for around Rs 18,000 crore, with the Pinaka rocket system programme forming the largest component. The remaining Rs 3,000 crore comprises non-defence orders across domestic and international markets.
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Strong Share Price Performance

The stock has delivered robust returns across multiple timeframes. Shares have gained 10.10 per cent during the past month, 43.72 per cent over the last six months, and 7.95 per cent over the past year.

The company's market capitalisation currently stands at approximately Rs 1.62 lakh crore, making it one of the largest listed defence-related companies in India.

About Solar Industries

Solar Industries India Ltd is one of the world's leading manufacturers of industrial explosives, initiating systems and explosive solutions for mining, infrastructure and Construction sectors. Over the years, the company has expanded significantly beyond its traditional explosives business and established a strong presence in defence manufacturing.

The company's defence portfolio includes ammunition, rockets, warheads, propulsion systems, explosives and other military products supplied to the Indian Armed Forces and international customers. With increasing focus on defence indigenisation and exports, Solar Industries has emerged as one of the key beneficiaries of India's growing defence manufacturing ecosystem.

What are your thoughts on Solar Industries' growing defence order book and FY27 growth guidance? Share your views in the comments below.
Disclaimer: The article is for informational purposes only and not investment advice.