Case study

SOLARINDS

Solar Industries India Limited

Worth a closer look1y model +13.0%

Each stock's 10,000-path forecast, rendered as light.

60Score

Solar Industries India Limited (SOLARINDS) Stock Analysis & Case Study

Is SOLARINDS a good buy? The data-driven verdict.

Solar Industries India Limited (SOLARINDS) trades at ₹18,496,on the numbers it worth a closer look, a Downstox Snapshot Score of 60/100.

On the numbers, Solar Industries India Limited (SOLARINDS) worth a closer look, a Downstox Snapshot Score of 60/100, weighing expensive at 95.9× earnings, ROE of 32.6%, a 65% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

SOLARINDS fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹1.67L Cr
Current price
₹18,496
P/E ratio
95.9×
P/B ratio
26.65×
Book value
₹694
Dividend yield
0.06%
ROCE
38.1%
ROE
32.6%
Piotroski F-Score
6/8

How SOLARINDS ranks against the 2,373 companies in our screener

Is SOLARINDS overvalued? SOLARINDS P/E vs peers

SOLARINDS trades at 95.9× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.

SOLARINDS share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of SOLARINDS history (35%/yr drift, 33%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
SOLARINDS 2027₹14,003₹21,083₹31,743+13%
SOLARINDS 2028₹13,321₹23,834₹42,645+28%
SOLARINDS 2029₹13,062₹26,944₹55,580+44%
SOLARINDS 2030₹13,102₹30,460₹70,811+63%
SOLARINDS 2031₹13,337₹34,434₹88,902+85%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability SOLARINDS goes up, or doubles?

65%
Higher in 1 year
Modelled chance the price is above today in 12 months
80%
Higher in 5 years
Modelled chance the price is above today in 5 years
45%
Doubles in 5 years
Modelled chance of reaching ₹37,300 within 5 years

The bull case for SOLARINDS

  • SOLARINDS's return on equity of 32.6% ranks in the top 5% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • SOLARINDS's return on capital employed of 38.1% ranks in the top 4% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • A 10,000-path probability model puts a 65% chance the price is higher in a year, with a median target of ₹21,083 (+13%).
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹55,580.

The bear case & risks

  • SOLARINDS's P/E of 96.7x is lower than 11% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • A steep 26.6× price-to-book means most of the value is intangible/expectations, not assets on the books.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹13,062.

SOLARINDS volatility & expected range, how bumpy is the ride?

Over the last 9.8 years SOLARINDS compounded at 35%/year with annualized volatility of 33%. That volatility implies a 1-year 80% range of ₹14,003-₹31,743, the honest backbone behind any single price target.

SOLARINDS price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 9.8 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
13.0%
80% range₹14,003-₹31,743
P(price ↑)65%
P(price 2×)4%
3-Year Forecast
2029
₹0
Median (P50)
44.5%
80% range₹13,062-₹55,580
P(price ↑)74%
P(price 2×)28%
5-Year Forecast
2031
₹0
Median (P50)
84.6%
80% range₹13,337-₹88,902
P(price ↑)80%
P(price 2×)45%

SOLARINDS price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
SOLARINDS simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds SOLARINDS hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the SOLARINDS price target & forecast page.

SOLARINDS Piotroski F-Score: 6/8, how financially strong is it?

6/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. SOLARINDS scores 6/8, mixed financial health.

SOLARINDS MTF margin & leverage across 11 brokers

Margin Trading Facility lets you buy SOLARINDS with part of the capital. Lower margin % = higher leverage. Rates compared across 11 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox27.45%3.6×
Zerodha26.40%3.8×
Groww26.43%3.8×
DhanCHEAPEST24.00%4.2×
Kotak Neo25.00%4.0×
Paytm Money24.16%4.1×
Pocketful31.28%3.2×
Fyers32.26%3.1×
Anand Rathi30.92%3.2×
Bajaj Broking25.00%4.0×
Share India31.03%3.2×

Compare every broker on the SOLARINDS MTF page.

About Solar Industries India Limited: sector, index & market-cap context

Solar Industries India Limited (SOLARINDS) is a large-cap NSE-listed company, and a constituent of the Nifty 500 index, with a market capitalisation of ₹1.67L Cr. See more stocks on our screener.

How the SOLARINDS Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of Solar Industries India Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

SOLARINDS analysis, FAQs

Is Solar Industries India Limited (SOLARINDS) a good buy?

On the numbers, Solar Industries India Limited (SOLARINDS) worth a closer look, a Downstox Snapshot Score of 60/100, weighing expensive at 95.9× earnings, ROE of 32.6%, a 65% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is SOLARINDS overvalued or undervalued?

SOLARINDS trades at 95.9× earnings, expensive versus the ~22× long-run Nifty average.

What is the SOLARINDS share price target for 2031?

SOLARINDS's probability-weighted 2031 median target is ₹34,434, with an 80% range of ₹13,337-₹88,902 (10,000-path Monte-Carlo).

What is the probability SOLARINDS doubles in 5 years?

The modelled probability of SOLARINDS reaching ₹37,300 (2×) within 5 years is 45%.

What is the bull case for SOLARINDS?

SOLARINDS's return on equity of 32.6% ranks in the top 5% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. SOLARINDS's return on capital employed of 38.1% ranks in the top 4% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. A 10,000-path probability model puts a 65% chance the price is higher in a year, with a median target of ₹21,083 (+13%).

What are the risks in SOLARINDS?

SOLARINDS's P/E of 96.7x is lower than 11% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. A steep 26.6× price-to-book means most of the value is intangible/expectations, not assets on the books.

More on SOLARINDS