Shares of Solar Industries India Ltd snapped a five-day losing streak on Wednesday, December 31, closing higher by 2% at ₹12,241 per share. The uptick in investor sentiment was driven by the company's announcement of a significant new order from state-owned mining giant Coal India Limited.
Major Order Win Boosts Investor Confidence
In a regulatory filing made on Wednesday, Solar Industries disclosed that it has secured an additional order worth ₹1,746 crore from Coal India Limited. The order, to be executed on behalf of its subsidiaries, involves the supply of bulk explosives and is scheduled for delivery over a span of two years.
This latest contract builds upon a previous order announced in October, where the company informed stock exchanges about a ₹483 crore order from Southeastern Coalfields Limited (SECL), a subsidiary of Coal India. With the addition of the new order, the total cumulative order value from Coal India now stands at ₹2,229 crore.
A Year of Strong Orders and Stock Performance
The Coal India order is the latest in a series of significant contracts for Solar Industries. Just last month, on November 18, the company announced it had secured export orders worth ₹1,400 crore for defence products. These orders are to be executed over four years and represent one of the firm's largest long-term export commitments in the defence segment.
Despite the recent positive news, Solar Industries' share price has faced pressure since reaching its all-time high of ₹17,805 on June 30, 2025. From that peak, the stock has corrected by approximately 31.2%. It closed lower in five out of the last six months, with July witnessing the steepest monthly decline of 19.2%.
However, a robust performance in the first half of the year helped offset the second-half losses. For the full year 2025, the stock has managed to deliver a gain of 25.23%, marking its sixth consecutive year of positive returns.
Consistent Multibagger Returns Over the Years
The company has established a remarkable track record of delivering substantial returns to its shareholders over a multi-year period:
- 2021: The stock delivered a multibagger return of 122%.
- 2022: It followed with an impressive gain of 83%.
- 2023: The share price increased by 53%.
- 2024: It posted a solid return of 43%.
Solar Industries India is a leading manufacturer and supplier of industrial explosives and explosive accessories. Its products are critical for key sectors including mining, infrastructure, and defence. The company has a formidable presence in international markets, exporting its products to numerous countries across the globe.
The latest order win from Coal India underscores the company's strong positioning in the domestic market and its ability to secure large, long-term contracts, providing revenue visibility and stability.
