Investment Insights
Solar Industries India Limited: A Comprehensive Guide for Investors
As the green energy revolution is sweeping the globe, companies like Solar Industries India Limited are coming into the limelight for their tremendous contributions in the energy sector. For both seasoned and new investors, Solar Industries India Limited offers an attractive proposition.
IPO Launch Details
The Initial Public Offering (IPO) for Solar Industries India Limited was launched on March 9, 2006. The company aimed to raise capital to fund its massive growth plans and expansion into various verticals within the energy sector. The IPO was launched at an issue price of ₹170 per share.
Current Share Price
Fast forward to 2023, the current share price of Solar Industries India Limited is ₹3,800 (Note: The current share price is subject to market changes). The company’s consistent growth and robust financial performance have significantly contributed to the appreciation in its stock price.
Product Offerings
Solar Industries India Limited has a diversified portfolio that includes:
- Industrial Explosives
- Defense Explosives
- Propellant for Missiles and Rockets
- Detonators and Accessories
The company’s focus on research and development ensures it remains at the forefront of technological advancements, further solidifying its market position.
Company Financial Details
Here’s a snapshot of the financial health of Solar Industries India Limited:
| Fiscal Year | Revenue (in ₹ Crore) | Net Profit (in ₹ Crore) |
|---|---|---|
| 2020 | 2,500 | 270 |
| 2021 | 2,800 | 310 |
| 2022 | 3,200 | 370 |
With consistent revenue growth and a strong net profit margin, Solar Industries India Limited has proven to be a reliable investment over the years.
Investment Growth Over 5 Years
If you had invested ₹10,000 in Solar Industries India Limited 5 years ago, imagine the astronomical growth today. Let’s break down the math:
- Invested Amount: ₹10,000
- Share Price 5 Years Ago: ₹1,200
- Number of Shares: 8.33 (approx.)
- Current Share Price: ₹3,800
Value of Investment Today: 8.33 * 3,800 = ₹31,654
Your ₹10,000 would have grown to ₹31,654, approximately a 216.54% return on investment in just 5 years!
With its strong track record and future growth potential, Solar Industries India Limited continues to be a compelling choice for investors looking to capitalize on the expanding energy sector.