Solex Energy
SOLEX NSE
Solex Energy
IndustrialsNSE: SOLEX BSE: 544862 Electrical Equipment
Key Fundamentals
MicrocapElectrical EquipmentCapital GoodsMarket Cap
₹749 Cr
Volatility
Low Risk
P/E Ratio
10.26
EBITDA
₹184 Cr
Return on Equity
26.5%
Debt to Equity
1.33
Book Value
₹234.16
52W High
₹1,985
52W Low
₹651.2
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
4- Company is expected to give good quarter
- Company has delivered good profit growth of 122% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 39.7%
- Company's median sales growth is 63.9% of last 10 years
Weaknesses
2- Debtor days have increased from 61.9 to 77.6 days.
- Promoter holding has decreased over last 3 years: -4.50%
Growth Rate
Revenue Growth
143% higher than
3Y
Net Income Growth
132% lower than
3Y
ROE
40.29% higher than
3Y
ROCE
26.86% level than
3Y
EBITDA Margin (Avg.)
-1.65% lower than
3Y
Quarterly Results
| Particulars | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 132 | 134 | 253 | 249 | 149 | 318 | 839 | 259 |
| Expenses | 117 | 111 | 230 | 211 | 133 | 293 | 747 | 232 |
| Operating Profit | 14.4 | 23.74 | 22.39 | 38.07 | 15.53 | 25.08 | 92.37 | 26.96 |
| OPM % | 10.93% | 17.68% | 8.86% | 15.28% | 10.45% | 7.89% | 11% | 10.39% |
| Other Income | 0.96 | 1.09 | 1.65 | 1.63 | -0.48 | 1.29 | 0.45 | 4.89 |
| Interest | 2.53 | 2.89 | 4.99 | 5.41 | 5.89 | 9.18 | 9.87 | 12.17 |
| Depreciation | 1.98 | 2.51 | 3.39 | 4.26 | 4.44 | 6.08 | 10.22 | 10.14 |
| PBT | 10.85 | 19.43 | 15.66 | 30.03 | 4.72 | 11.11 | 72.73 | 9.54 |
| Tax % | 15.85% | 27.38% | 24.65% | 25.17% | 28.18% | 25.92% | 24.67% | 25.16% |
| Net Profit | 9.13 | 14.11 | 11.8 | 22.47 | 3.4 | 8.23 | 54.8 | 7.15 |
| EPS in Rs | 8.45 | 13.06 | 10.92 | 20.8 | 3.15 | 7.62 | 50.73 | 6.62 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6 | 46 | 34 | 101 | 149 | 138 | 80 | 72 | 161 | 366 | 660 | 1,555 | 1,566 |
| Expenses | 6 | 45 | 32 | 96 | 141 | 131 | 76 | 70 | 150 | 337 | 591 | 1,385 | 1,406 |
| Operating Profit | 0 | 1 | 2 | 6 | 8 | 7 | 3 | 2 | 11 | 28 | 69 | 170 | 160 |
| OPM % | 5% | 2.4% | 6% | 6% | 5% | 5% | 4.2% | 2.6% | 7% | 8% | 10% | 11% | 10% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 2 | 4 | 4 | 6 |
| Interest | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 6 | 10 | 11 | 30 | 37 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 5 | 8 | 9 | 25 | 31 |
| PBT | 0 | 1 | 1 | 4 | 7 | 6 | 2 | 1 | 4 | 12 | 52 | 119 | 98 |
| Tax % | 29% | 31% | 33% | 28% | 27% | 29% | 29% | 20% | 30% | 24% | 24% | 25% | — |
| Net Profit | 0 | 0 | 1 | 3 | 5 | 4 | 2 | 1 | 3 | 9 | 40 | 89 | 74 |
| EPS in Rs | 1 | 2.05 | 3.25 | 5.1 | 8.02 | 7.18 | 2.71 | 0.99 | 2.71 | 8.73 | 36.66 | 82.3 | 68.12 |
| Div. Payout % | 0% | 0% | 0% | 16% | 0% | 6% | 9% | 12% | 0% | 5% | 2% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.82 | 2 | 2 | 5 | 5 | 5 | 5 | 8 | 8 | 8 | 11 | 11 |
| Reserves | 0 | 0 | 1 | 9 | 13 | 17 | 19 | 27 | 30 | 38 | 147 | 233 |
| Borrowings | 4 | 4 | 1 | 6 | 6 | 5 | 12 | 19 | 66 | 96 | 148 | 324 |
| Other Liabilities | 4 | 9 | 20 | 32 | 47 | 44 | 40 | 18 | 37 | 70 | 162 | 572 |
| Total Liabilities | 9 | 15 | 25 | 52 | 71 | 71 | 76 | 73 | 141 | 212 | 467 | 1,139 |
| Fixed Assets | 0 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 55 | 54 | 110 | 336 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24 | 1 | 0 | 2 | 11 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 14 | 3 | 1 |
| Other Assets | 8 | 13 | 23 | 51 | 70 | 70 | 75 | 48 | 85 | 143 | 352 | 791 |
| Total Assets | 9 | 15 | 25 | 52 | 71 | 71 | 76 | 73 | 141 | 212 | 467 | 1,139 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | — | — | 1 | -4 | 5 | 2 | 2 | 4 | -6 | 2 | -49 | 214 |
| Investing | — | — | 0 | -3 | -3 | -1 | -1 | -27 | -35 | -21 | -54 | -224 |
| Financing | — | — | 0 | 6 | -2 | -2 | 0 | 22 | 41 | 20 | 113 | 74 |
| Net Cash Flow | — | — | 1 | -1 | 0 | 0 | 1 | -2 | 0 | 0 | 10 | 64 |
| Free Cash Flow | — | — | 1 | -4 | 4 | 2 | 1 | -20 | -41 | -6 | -115 | 20 |
| CFO/OP | — | — | 76 | -44 | 87 | 53 | 95 | 222 | -49 | 13 | -53 | 133 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 279 | 75 | 181 | 137 | 136 | 147 | 255 | 105 | 68 | 47 | 62 | 78 |
| Inventory Days | — | — | — | — | — | — | — | — | — | — | — | 81 |
| Days Payable | — | — | — | — | — | — | — | — | — | — | — | 131 |
| Cash Conversion Cycle | 279 | 75 | 181 | 137 | 136 | 147 | 255 | 105 | 68 | 47 | 62 | 28 |
| Working Capital Days | 43 | 6 | 13 | 77 | 48 | 68 | 122 | 132 | 64 | 23 | 56 | 5 |
| ROCE % | — | 23% | 37% | 42% | 34% | 29% | 11% | 4% | 12% | 18% | 28% | 34% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Solex Energy insights
57 extracted metrics + investor summaries across FY15–FY26.
Documents
2
Outcome Of Board Meeting Held On June 18 2026 - Outcome Being Submitted Subsequent To Listing Of The Company 3 Sept 2026
General_Announcements
Frequently Asked Questions about Solex Energy
What does Solex Energy Ltd do?
Incorporated in 1995, Solex Energy Ltd manufactures solar photo-voltaic cells and modules and is also in the Engineering, Procurement and Construction in the solar energy market[1]
Where is Solex Energy Ltd (SOLEX) listed?
Solex Energy Ltd trades as SOLEX on the NSE and under code 544862 on the BSE.
Which sector does Solex Energy Ltd belong to?
Solex Energy Ltd is classified under the Industrials sector, in the Electrical Equipment industry.
What is the market capitalisation of Solex Energy Ltd?
Solex Energy Ltd has a market capitalisation of ₹749.21 Cr, which places it in the Small Cap band.
What is the PE ratio of Solex Energy Ltd?
Solex Energy Ltd trades at a PE ratio of 10.26, against a book value of ₹234.16 per share.
What is the 52-week high and low of Solex Energy Ltd?
Over the last 52 weeks Solex Energy Ltd has traded between ₹651.2 and ₹1,985.
Does Solex Energy Ltd pay dividends?
Solex Energy Ltd has a dividend yield of 0.08%.
What is the Return on Equity (ROE) of Solex Energy Ltd?
Solex Energy Ltd reported a return on equity of 26.50%. Its debt-to-equity ratio is 1.33.
Company Information
Incorporated in 1995, Solex Energy Ltd manufactures solar photo-voltaic cells and modules and is also in the Engineering, Procurement and Construction in the solar energy market[1]
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