ICICI Securities: Solar Industries Q1 Review - Overseas And Defence Key To Profitability

The opportunity ISRO presents for Solar Industries India will be delineated once better clarity emerges, ICICI Securities says.

Air Bombs for defence and military application developed by Solar Industries India Ltd. (Photo: company website)

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ICICI Securities Report

Solar Industries India Ltd. conference call underlined the strength of the business model; growth opportunities will determine the next phase of investment thesis.

Management commentary highlighted -

1. Overseas operations – with the desired experience of getting into the big league of mining through presence in South Africa and Australia eventually to reap dividends and

2. defence – where Solar Industries’ own preparedness meet with government readiness to entertain private sector, thereby, increasing probability of order inflows.

Indian Space Research Organisation opportunity will be delineated once better clarity emerges.

Click on the attachment to read the full report:

ICICI Securities Solar Industries Q1FY21 Result Update.pdf
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