Solar Industries India Funding: rounds, investors and valuation

How Solar Industries has been financed

The first loan

Solar's first plant in 1995 was set up as a small-scale unit, helped by a ₹60 lakh loan from the State Bank of India 717.

The 2006 listing

The company went public in 2006 17. Its shares are traded on the NSE and BSE, and the Nuwal family still holds about 73% 3.

Profits as funding

Growth since then has been funded largely from earnings. In FY26 the company made a record net profit of ₹1,737 crore on sales of ₹9,838 crore, and its board proposed a dividend of ₹11 a share 9. It announced a defence and aerospace project in Nagpur with planned investment of ₹12,700 crore 8.

Paying for Omnia

The Omnia purchase, at about $1.355 billion, is to be paid entirely in cash through the subsidiary Solar SA Investments 11. Investors worried about the debt involved: the shares fell 13.6% after the deal was announced 12. The sources reviewed do not set out the split between new borrowing and existing cash.

The numbers behind it

The Omnia price is roughly seven times FY26 net profit, by our calculation from these figures.