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Solar Industries | Sustainability Performance

https://solargroup.com/
Linkedin

Manufacturer of industrial explosives and initiating systems serving mining and infrastructure sectors.

1995

India

1,001 - 5,000 employees

Chemicals

$1B - 10B in revenue

$100M - 500M in profitability

Submit or report inaccurate dataDownload Company Insights

Sustainability Ranking & Industry Benchmark

#9670
Overall
#241
in India
#259
in Chemicals

Sustainability Maturity

​​0123456789​​%

Sustainability Intent

Available in
Scale package

Access
​​0123456789​​%

Industry Rank

345 out of 404

Overview
Governance
TargetsESG scores and Exclusions
Financial Data
Business performanceCapital & innovationAnalyst projections

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Market cap

139.7T $, 2026▲20.1% YoY

Revenue

1.1B $, 2026▲23.4% YoY

R&D intensity

0% 2026

Controversy level

Very Low
Low
Noticeable
High
Severe
Download Controversy Analysis
  • Solar Industries India Limited, Indian explosives/defense/Solar Defence, has faced sustained Indian Ministry of Defence enforcement scrutiny over the contested historic 2017 Solar Group Maharashtra factory explosion (multiple fatalities) and the historic 2024 Pinaka multibarrel rocket launcher Indian Army contract awards affecting Indian institutional shareholders amid the broader Indian defence sector regulatory pressure.
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Market cap

139.7T $, 2026▲20.1% YoY

Revenue

1.1B $, FY2026▲23.4% YoY

EBITDA

272.1M $, FY2026▼9.1% YoY

Operating margin

24% Industry: 6▼58.5% YoY

Revenue & EBITDA

$1.1BFY2026 revenue

Total Annual
Revenue & EBITDA
($ B)

Annual revenue
EBITDA
3 year change
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Margin trends

Margin as % of revenue

Gross margin
Operating margin
Net margin

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Free cashflow

166.5M 2025▲46% YoY

Capex

115.4M 2025▲44.4% YoY

R&D intensity

0.0%FY2026

R&D as % of revenue

Return on invested capital (ROIC)
Industry benchmark

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Return on invested capital

27.0%FY2026
Return on invested capital (ROIC)
Industry benchmark

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Analyst revenue estimates & actuals

Analyst consensus vs actuals
($ B)

Actual revenue
Consensus estimates
Estimate only

0.7

▼ 4.8%

2024

0.9

▲ 1.7%

2025

1.1

▲ 0.5%

2026

254.4

2030

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Environmental policy coverage

Carbon reduction policy

Available

Human rights policy

Available

Recycling policy

Available

Workplace health & safety policy

Available

36%
Independent Directors

4 out of 11 incl. management

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Overall score

60

Environment

73

Social

51

Governance

58

Exclusion screening

Adult content

Not available

Alcoholic

Not available

Animal testing

Not available

Firearms

Not available

Tobacco

Not available

Gambling

Not available

Nuclear

Not available

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Reporting

sustainability report symbol

Sustainability Report

 Available
Not committed to key sustainability initiatives

Sustainability employees

Total sustainability employees

4-6

    Available in
    Scale package

    Access
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