Solar Industries - Unfamiliar Multibagger of the decade - 22x Returns

Solar Industries India Limited is a leading integrated industrial explosives manufacturer and has presence in Defence sector too. It fulfills Coal India orders. This was established in 1995 and IPO was at Apr-2006. They started exports too in the same year.

It has facilities in India, Turkey, Zambia, Nigeria, South Africa, Ghana, Tanzania and Australia. Their products are exported to more than 50 countries.

Following is the price performance in last decade. It has given about 22x returns since 2012.



*Source* Zerodha Kite

Promoters hold 73% while DII & FII combined hold about 21% leaving only minimal for public. This is the reason not many are aware of this company and not many analyst tracks it.

Following is the P&L statement for last 10 years.


*Source* screener.in

This has been one of the consistent performer and have generated wealth for its long term investors.

Fun Fact: Most assume that this is a company dealing in Solar Power business just by hearing the name.

Disclaimer: This is NOT a stock recommendation or financial advice. This is just presentation of historical price action and financial facts.