ScoutQuest4 Nov 2026

Solar Industries India532725Defense, explosives manufacturing

Management discussed debt levels post-Onya acquisition, UAV supply progress, and FY28 EBIT guidance

By ScoutQuest · Wed 4 Nov 2026, 9:39 AM IST · 1 min read

Debt to EBIT ratio: below 2
FY28 tentative EBIT: 7,000 crore rupees
FY27 revenue guidance: 14,000 crore rupees

Heard on business television between 09:39:00 - 09:42:00 IST.

Company said debt/EBIT level will remain below 2x even after acquiring Onya.
Exact debt and funding numbers will be finalised only at year-end once cash positions of both Solar and Onya books are known.
On UAVs, company confirmed successful supply of Nagashtra 1 drone and said Nagashtra 2 was supplied last month.
UAV family includes Nagashtra drones and the Bhargava counter-drone system.
Tentative FY28 EBIT guidance given as around 7,000 crore rupees, factoring in the acquisition; FY27 revenue guidance was 14,000 crore rupees.

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Source: Live TV News Channel · 4 Nov 2026

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