Rs 21,350 Crore Order Book: This Multibagger Defence Stock Jumps 8.5% as Q1 FY27 PAT Surges 89%; Share Price Hits All-Time High

Om DSIJ/ 13 Aug 2026 /Categories: Quarterly Results, Trending

Rs 21,350 Crore Order Book: This Multibagger Defence Stock Jumps 8.5% as Q1 FY27 PAT Surges 89%; Share Price Hits All-Time High

Solar Industries India reported a strong Q1 FY27 performance, with revenue rising 70 per cent YoY to Rs 3,668 crore and PAT increasing 89 per cent to Rs 666 crore, while its order book stood at Rs 21,350 crore

✨ Key Takeaways

On Thursday, Solar-industries-india-ltd-132725">Solar Industries India jumps 8.52 per cent to Rs 20,325, even as the Nifty declined 0.34 per cent to 24,353.35. The Nifty India Defence Index was also trading at an all-time high, rising 1.42 per cent to 9,797.60, highlighting strong investor interest across the defence segment. The stock's sharp movement came after the company reported a strong Q1 FY27 performance, with consolidated net sales increasing 70 per cent YoY to Rs 3,668 crore from Rs 2,154 crore in Q1 FY26. Further, the trading volume also stood at 7.00 lakh shares, compared with the 30-day average volume of 1.24 lakh shares.

Solar Industries reported EBITDA of Rs 1,024 crore in Q1 FY27, registering an 82 per cent YoY increase from Rs 564 crore in Q1 FY26. EBITDA margin improved to 27.91 per cent from 26.18 per cent in the corresponding quarter. Profit before Tax increased 89 per cent YoY to Rs 911 crore from Rs 481 crore, while consolidated profit after tax rose 89 per cent to Rs 666 crore from Rs 353 crore.

The company's defence business continued to record strong growth during the quarter. Defence revenue increased 123 per cent YoY to Rs 933 crore in Q1 FY27 from Rs 418 crore in Q1 FY26. Defence accounted for 26 per cent of total revenue during the quarter, compared with 19 per cent in the year-ago period. Domestic explosives revenue increased to Rs 1,361 crore from Rs 898 crore, while international explosives revenue rose to Rs 1,364 crore from Rs 826 crore.

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A key factor supporting the company's growth outlook is its strong Order Book. According to the Q1 FY27 investor presentation, Solar Industries had an order book of Rs 21,350 crore. The order book includes business opportunities across explosives and defence, with the presentation highlighting customers and projects including Coal India, SCCL and defence-related programmes.

The company also continued to maintain a strong institutional and promoter presence. As of June 30, 2026, promoter holding stood at 73.15 per cent, while Mutual Funds and AIFs held 12.46 per cent and FII and FPI holdings stood at 6.42 per cent. SBI Mutual Fund, Kotak Fund and Axis were among the mutual fund investors disclosed in the presentation.

The strong Q1 performance comes as the company continues to expand its presence in the defence and explosives businesses. Solar Industries' consolidated financial results for the quarter ended June 30, 2026 were approved by the Board on August 13, 2026 and were accompanied by a Limited Review Report.
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The combination of strong earnings growth, rapid expansion in defence revenue and a Rs 21,350 crore order book has kept Solar Industries in focus. The sharp rise in the company's share price alongside the record levels of the Nifty India Defence Index further reflects the increased market attention towards defence-related stocks.