Buy Solar Industries India, target price Rs 8020: Hem Securities

Hem Securities has buy call on Solar Industries India with a target price of Rs 8020. The current market price of Solar Industries India is Rs 6961.05.

Solar Industries India Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 61340.95 Crore) operating in Chemicals sector.

Solar Industries India Ltd. key Products/Revenue Segments include Explosives (Industrial) and Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 1355.18 Crore, down -19.83 % from last quarter Total Income of Rs 1690.40 Crore and down -13.74 % from last year same quarter Total Income of Rs 1570.96 Crore. Company reported net profit after tax of Rs 209.77 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 73.15 per cent stake in the company as of 31-Dec-2023, while FIIs owned 5.9 per cent, DIIs 15.05 per cent.