BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Centrum Broking Report
The FY22 annual report of Solar Industries India Ltd. focusses on the company’s robust growth journey through its enhanced offerings and rising opportunities.
After a strong FY22 (57%/60% YoY revenue/profit after tax growth), it aims to continue its robust and profitable growth journey with a target to deliver 30% YoY revenue growth in FY23. The growth is likely to be aided by-
rising capex in India for infrastructure, real estate, mining and allied industries, which would propel explosives demand,
widening presence in overseas markets through new plants and
a scale up in the defence business led by government’s accelerating indigenisation and Solar Industries’ broadening product portfolio.
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