SOLAR INDUSTRIES INDIA (BOM: 532725) Shares
ABOUT SOLAR INDUSTRIES INDIA
Solar Industries India Limited is India’s largest manufacturer and exporter of explosives and initiating systems. The company was founded in 1983 by visionary Shri Satyanarayan Nandlal Nuwal. It is headquartered in Nagpur.
The company is part of the Solar Group. The latter has grown from a single-site company in 1995 to a globally renowned industrial explosive manufacturer. The company manufactures an extensive range of industrial explosives.
Solar Industries India Limited’s extensive experience and expertise in the explosives industry enabled it to enter the defence sphere, where it operates one of the world’s most integrated ammunition facilities. Its subsidiaries include Solar Mining Services (Pty) Ltd., Economic Explosives Ltd., Solar Overseas Mauritius Limited, Emul Tek Private Limited, Solar Mining Services Pty Ltd. and Solar Components Pvt. Ltd., to name but a few.
Today, the company employs about 2 000 people across its operations.
OVERVIEW OF SOLAR INDUSTRIES INDIA
Solar Industries India Limited manufactures, supplies and exports industrial explosives and initiating systems. It manufactures explosive products such as bulk explosives, slurry and emulsion-base explosives, detonators, pentaerythritol tetranitrate (PETN) and related accessories.
Other brands in its portfolio include Large Dia slurry Explosives, Supreme Detonators, Small Dia Emulsion Eco Det, Small Dia Slurry Explosives, Solar Detonators, Supreme Electric Detonators, Economic Sod, Cast Booster, Cord Relay and Detonating Fuse.
- The company further provides the defense sector with high-melting explosive (HMX) and HMX compounded products. It markets its products in 42 countries worldwide, and has manufacturing facilities in Zambia, Nigeria and Turkey.
VISION & VALUES OF SOLAR INDUSTRIES INDIA
Solar Industries India Limited’s vision is to be the global leader in the manufacturing of explosives. It wants to be the leading solutions provider with a focus on quality, safety and reliability.
- It highly values the safety and contributions of its workforce, and safeguarding their health is an integral part of its business model. The company, through living its core values, strives to be a responsible corporate citizen by ploughing back into the communities in which it operates.
- This people-centred business ethos fosters trust among shareholders who purchase company stock, as they can entrust their money to a company that cares about their well-being.
MARKET PERFORMANCE OF SOLAR INDUSTRIES INDIA
Solar Industries India Limited is listed on the Bombay Stock Exchange (BSE). The company trades its shares under the stock symbol BOM: 532725, in the Business Sector: Specialty Chemicals. It is also listed on the National Stock Exchange of India (NSE) under the SOLARINDS code.
- For the fiscal year that ended March 2019, the company recorded EBITDA of ₹ 154.7 crores and operating profit of ₹139.6 crores. Its total income for the year was 732.65 crores.
Investors who buy or sell company shares can trust the company to produce excellent dividends and returns on their investments.
LATEST NEWS SOLAR INDUSTRIES INDIA
Buy SOLAR INDUSTRIES INDIA stocks / shares – A Step by Step Guide how to Buy / Purchase SOLAR INDUSTRIES INDIA Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy SOLAR INDUSTRIES INDIA Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN SOLAR INDUSTRIES INDIA STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE SOLAR INDUSTRIES INDIA STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of SOLAR INDUSTRIES INDIA stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy SOLAR INDUSTRIES INDIA stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?