Synopsis:
Solar Industries reported an explosion at its Nagpur facility, causing one death and eight injuries. Safety systems worked, authorities notified, investigation underway; damage confined to one building with insurance coverage.
During Thursday’s trading session, shares of one of the world’s leading manufacturers of explosives & initiating systems slumped nearly 3 percent on BSE, after the company reported an explosion at its Nagpur plant, leaving one dead and several injured.
At 11:20 a.m., the shares of Solar Industries India Limited were trading in the red at Rs. 13,966.7 on BSE, down by around 2.3 percent, as against its previous closing price of Rs. 14,294.2, with a market cap of Rs. 1.26 lakh crores. The stock has delivered positive returns of over 26 percent in the last one year, but has fallen by around 3 percent in the last one month.
What’s the News
As per the latest regulatory filings with the stock exchanges, Solar Industries India Limited reported an explosion incident that occurred on 4th September 2025, at 12:33 am in the Crystallization Building at its Chakdoh facility in Nagpur (MH), while performing the crystallisation process of an energetic material.
The company stated that safety mechanism systems were promptly activated, and people working in the area were evacuated in line with emergency procedure before the explosion occurred. Unfortunately, the impact of the blast resulted in the loss of one life and caused injuries to eight individuals near the building.
Solar Industries further informed that all relevant departments and statutory authorities have been notified, and a detailed investigation is underway to determine the root and contributory causes. Corrective and preventive measures will be implemented accordingly. With respect to financial implications, the company clarified that the damage is confined to the affected building, and adequate insurance coverage is in place.
Financials & more
Solar Industries reported a significant improvement in its revenue from operations, showing a year-on-year increase of around 28 percent from Rs. 1,685 crores in Q1 FY25 to Rs. 2,154 crores in Q1 FY26. Likewise, its net profit increased during the same period from Rs. 301 crores to Rs. 353 crores, representing a rise of about 17 percent YoY. As of Q1 FY26, the company’s order book stood at over Rs. 16,800 crore, with the Defence segment accounting for more than Rs. 15,000 crore of this total.
Solar Industries India Limited is engaged in the business of manufacturing a complete range of industrial explosives, explosive initiating devices, and high-energy materials for defence applications.
The management has provided annual revenue guidance of Rs. 10,000 crore for FY26, comprising around Rs. 3,000 crore from defence and Rs. 7,000 crore from non-defence segments. They highlighted the Pinaka rocket series as a key growth driver, with production expected to commence between the end of Q2 and the beginning of Q3.
Written by Shivani Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
The post Defence stock falls 3% after blast incident reported at Nagpur plant leaving 1 dead and 8 injured appeared first on Trade Brains.