Solar Industries defence: Solar Industries India which is known for making explosives and defence items, saw its stock move only a little even after it shared big news. Its fully owned arm, Solar Defence & Aerospace Limited, has signed a new contract with the Ministry of Defence. This agreement, which was signed on June 22, 2025, is worth Rs 158 crore. The company will supply defence products to the Indian government, and they plan to complete the delivery within one year.
The company confirmed this saying, “M/s Solar Defence & Aerospace Limited (formerly known as Economic Explosives Limited) wholly owned subsidiary of Solar Industries India Limited has signed a contract on 22nd June 2025, for supply of Defence Product with Ministry of Defence, Government of India. The contract is for value of INR 158 Crores to be delivered within a period of 1 (one) Year.”
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Stock Performance and Company Background
Even with this news, the stock did not show major change. It went up just 0.43% to trade at Rs 17,070 compared to the previous close of Rs 16,997 on the BSE. Later, it moved up a little more, trading at Rs 17,119.95 with a 0.72% gain. The company’s market value stood around Rs 1.54 crore. On the trading side, 4,533 shares changed hands, and the total turnover for the day reached Rs 7.72 crore.
The stock has a beta of 0.88 over the last one year, which means it does not show too many big price jumps. In simple terms, it’s more stable than many other stocks. The RSI, or relative strength index, is at 68.5, which means the stock is not too expensive or too cheap right now. The price is below the short-term averages like the 5-day and 10-day moving averages but still higher than long-term ones like the 100-day, 150-day, and 200-day moving averages.
Solar Industries hit a new record high price of Rs 17,290 on June 17, 2025. The company has also given very strong returns to investors, growing 354% in two years and an impressive 1708% over the past five years.
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Solar Industries defence Company gains
Solar Industries makes industrial explosives mostly used in mining, infrastructure, and construction. Its defence division is also growing. The main company, Solar Industries India Limited (SIIL), is the leader in its group and also works through other smaller companies it owns.
For the quarter ending March 2025, the company saw strong profits. Its total net profit rose 37.09%, reaching Rs 322.23 crore. At the same time, its revenue from operations grew by 34.51% to Rs 2,166.55 crore compared to the same period last year.
