CMP: 550


Solar Industries India Limited manufactures and supplies explosives and explosives accessories. The company's products include bulk, cartridge, detonators, detonating cords Pentaerythritol Tetranitrate ("PETN"), and cast boosters.

Solar Industries is a safe small cap company. The revenues and PAT have been growing at a fast pace in the last 5 years. NPM has picked up in the last 2 quarters which is always attractive. Its currently trading at a P/E of 21 which is fair. Its trading at a discount to its industry P/E. Its a frequent and decent dividend yielding share as well. Buy, Accumulate on dips and hold for longterm gains.