{"id":241465,"date":"2026-09-10T15:10:23","date_gmt":"2026-09-10T09:40:23","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=241465"},"modified":"2026-09-10T15:10:23","modified_gmt":"2026-09-10T09:40:23","slug":"multibagger-explosives-stock-rises-965-percent-in-5-years","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/multibagger-explosives-stock-rises-965-percent-in-5-years\/","title":{"rendered":"This Multibagger Explosives Stock Rises 965% in 5 Years: Defence Orders Power a 10x Run"},"content":{"rendered":"

CMP approximately Rs 22,420 (10 Sep 2026). 5-year return 964.85%. 52W range Rs 11,646 to Rs 22,625. Market cap Rs 2,01,838 Cr. Q1 FY27 PAT Rs 666 Cr vs Rs 353 Cr.<\/em><\/p>\n

\n

Quick Answer<\/strong><\/p>\n

Solar Industries, a maker of industrial explosives, rockets and ammunition, is the multibagger explosives stock behind a return of approximately 965% in five years. The share rose from about Rs 2,100 to Rs 22,420 as defence orders such as the Rs 6,084 crore Pinaka contract lifted margins and profit. With a PE near 98, the next leg depends on executing its Rs 21,350 crore order book.<\/p>\n<\/div>\n

This multibagger explosives stock has turned Rs 1 lakh into roughly Rs 10.65 lakh in five years. One maker of industrial explosives, ammunition and rockets delivered a 5-year return of 964.85%, ranking seventh in a screen of 101 large-cap and mid-cap NSE shares as of 10 September 2026.<\/p>\n

The company is Solar Industries India Ltd<\/a> (NSE: SOLARINDS), the Nagpur-based group that started with bulk explosives for coal mines and now supplies Pinaka rockets, loitering munitions and propellants to the armed forces. The share traded at approximately Rs 22,420 on 10 September 2026, up about 0.3% on the day, with a market value of around Rs 2,01,838 crore.<\/p>\n

Click Here – Get Free Investment Predictions<\/strong><\/p>\n

\n
\n

Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n