Analysis published 29 Jun 2026

AI-generated · cited to primary sources · not investment advice

Solar Industries (532725) Aug 2025 Filing Analysis

03 · Future Growth

Where does growth come from?

International Revenue Contribution and Growth

International revenue is a major growth engine, increasing 43% year-over-year and expanding its share of total sales to 38%. This indicates strong geographic diversification and customer traction abroad. (1 accelerating, 1 steady across 2 signals)

International Q1FY26 826 (38% of sales) Q1FY25 579 (34% of sales) Change YoY 43%

Solar Industries · Investor PPT · Aug 2025 · p.5

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04 · Risk

What could break the thesis?

Infrastructure Development Blasting Demand

INTENSIFYING. Revenue from the Housing & Infra segment fell 12% year-over-year, and its contribution to total sales dropped from 21% to 15%. (1 intensifying)

Housing & Infra: Q1FY26 312 Cr (15% of sales) vs Q1FY25 353 Cr (21% of sales). Change YoY (12%)

Solar Industries · Investor PPT · Aug 2025 · p.5

See the full cited Risk analysis of Solar Industries

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