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Solex Energy

SOLEX NSE
₹584.40 +3.95 (+0.68%)
P/E
8.58
View as Markdown
MCP
Close 4 Nov 2026 ₹584.40 −1,101.00 −65.3% 1Y
Start ₹1,685.40

Key Fundamentals

MicrocapElectrical EquipmentCapital Goods

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
33.20%
Debt to Equity
1.33
EPS (TTM)
₹68.12
Book Value
₹234.16
Market Cap
—
P/E (TTM)
8.58
P/B
2.50
ROE
44.40%
Dividend Yield
0.09%
EBITDA
₹187 Cr
52W High
₹1,985.00
52W Low
₹522.00
Day Range
₹564.25 – ₹587.00
Volume
28,953

Peer Comparison

Industrials › Capital Goods › Electrical Equipment › Other Electrical Equipment

Solex Energy peer comparison
Waaree Energies
₹2,408.0018.15₹67,713 Cr4.320.17%32.50%38.40%₹30,043 Cr₹4,003 Cr
Apar Industries
₹15,998.0054.39₹65,476 Cr7.860.39%20.30%31.80%₹24,389 Cr₹1,181 Cr
Premier Energies
₹904.0024.61₹40,624 Cr9.530.11%41.00%32.70%₹8,466 Cr₹1,674 Cr
Diamond Power Infrastructure
₹385.85111.84₹22,658 Cr—0.00%—10.40%₹2,348 Cr₹182 Cr
MTAR Technologies
₹6,036.50137.95₹19,040 Cr22.570.05%12.60%15.20%₹1,080 Cr₹134 Cr
Emmvee Photovoltaic Power
₹246.4112.03₹16,196 Cr3.890.43%50.70%44.60%₹6,023 Cr₹1,418 Cr
Avalon Technologies
₹2,041.00102.05₹13,437 Cr18.920.00%16.50%19.30%₹1,764 Cr₹134 Cr
Solex Energy (this company)
₹584.408.58₹620 Cr2.500.09%44.40%33.20%₹1,566 Cr₹74 Cr
Median 8 companies₹1,472.5039.50₹20,849 Cr7.860.10%32.50%32.25%₹4,186 Cr₹682 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

53 Average

Data confidence 100/100

Category scores

Quality
63
Good
Returns, margins, earnings quality 22% weight
Valuation
71
Strong
Cheap vs sector & own history 24% weight
Growth
99
Strong
Sales & profit trajectory 9% weight
Financial Health
20
Poor
Solvency, leverage, coverage 9% weight
Momentum
10
Poor
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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 39.8%
  • Company's median sales growth is 63.9% of last 10 years

Weaknesses

2
  • Debtor days have increased from 61.6 to 77.6 days.
  • Promoter holding has decreased over last 3 years: -4.50%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1054
OscillatorsNeutral252
Moving AveragesStrong Bearish802

Key readings

RSI (14)
42.70
Neutral
MACD (12,26,9)
−34.16
Bullish
SMA (50)
665.63
Bearish
SMA (200)
961.57
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+42.20%
5Y+81.02%
3Y+112.96%
1Y+135.61%
TTM+103.88%

Net profit

Net profit growth by window
10YZero base
5Y+113.63%
3Y+209.57%
1Y+128.21%
TTM+27.94%

Operating cash flow

Operating cash flow growth by window
10Y—
5Y+154.61%
3YTurned positive
1YTurned positive
TTM—

10Y: The statements do not go back far enough for this window.

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+8.76 pp
5Y+7.18 pp
3Y+4.10 pp
1Y−0.13 pp
TTM−2.62 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹34.00 Cr
Mar 2018₹101 Cr
Mar 2019₹149 Cr
Mar 2020₹138 Cr
Mar 2021₹80.00 Cr
Mar 2022₹72.00 Cr
Mar 2023₹161 Cr
Mar 2024₹366 Cr
Mar 2025₹660 Cr
Mar 2026₹1,555 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹1.00 Cr
Mar 2018₹3.00 Cr
Mar 2019₹5.00 Cr
Mar 2020₹4.00 Cr
Mar 2021₹2.00 Cr
Mar 2022₹1.00 Cr
Mar 2023₹3.00 Cr
Mar 2024₹9.00 Cr
Mar 2025₹39.00 Cr
Mar 2026₹89.00 Cr

Quarterly Results

₹ Cr
SOLEX quarterly results, ₹ crore
Particulars Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
5.88
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
72.74
9.55
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 (₹)
8.45
13.06
10.92
20.8
3.15
7.62
50.73
6.62

Profit & Loss

₹ Cr
SOLEX profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
587
1,386
1,406
Operating Profit
0
1
2
6
8
7
3
2
11
28
73
170
160
OPM %
5%
2.4%
6%
6%
5%
5%
4.2%
2.6%
7%
8%
11%
11%
10%
Other Income
0
0
0
0
0
0
0
0
3
2
3
3.19
6
Interest
0
1
1
1
1
1
1
1
6
10
13
30
37
Depreciation
0
0
0
1
1
0
0
0
5
8
10
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%
25%
25%
—
Net Profit
0
0
1
3
5
4
2
1
3
9
39
89
74
EPS (₹)
0.62
1.3
2.02
5.1
8.02
7.18
2.71
0.99
2.71
8.73
36.13
82.3
68.12
Div. Payout %
0%
0%
0%
16%
0%
6%
9%
12%
0%
5%
2%
1%
—

Balance Sheet

₹ Cr
SOLEX balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
144
233
Borrowings
4
4
1
6
6
5
12
19
66
96
174
324
Other Liabilities
4
9
20
32
47
44
40
18
37
70
156
572
Total Liabilities
9
15
25
52
71
71
76
73
141
212
485
1,139
Fixed Assets
0
2
2
1
1
1
1
1
55
54
134
336
CWIP
0
0
0
0
0
0
0
24
1
0
3
11
Investments
0
0
0
0
0
0
0
0
1
14
2
1
Other Assets
8
13
23
51
70
70
75
48
85
143
347
791
Total Assets
9
15
25
52
71
71
76
73
141
212
485
1,139

Cash Flow

₹ Cr
SOLEX cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
—
—
1
−4
5
2
2
4
−6
2
−42
214
Investing
—
—
0
−3
−3
−1
−1
−27
−35
−21
−59
−224
Financing
—
—
0
6
−2
−2
0
22
41
20
110
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
−108
20
CFO/EBITDA
—
—
76
−44
87
53
95
222
−49
13
−50
133

Ratios

SOLEX financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
279
75
181
137
136
147
255
105
68
47
61
78
Cash Conversion Cycle
279
75
181
137
136
147
255
105
68
47
61
78
Working Capital Days
43
6
13
77
48
68
122
132
64
23
47
5
ROCE %
—
23%
37%
42%
34%
29%
11%
4%
12%
18%
28%
33%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Solex Energy insights

61 extracted metrics across FY15–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 66.15%
  • Public 24.11%
  • Others 9.14%
  • FIIs 0.32%
  • DIIs 0.28%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Documents

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
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 Capital Goods sector, in the Electrical Equipment industry.
What is the PE ratio of Solex Energy Ltd?
Solex Energy Ltd trades at a PE ratio of 8.58 as of 4 Nov 2026, on earnings per share of ₹68.12, 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 ₹522 and ₹1,985 as of 4 Nov 2026.
Does Solex Energy Ltd pay dividends?
Solex Energy Ltd has a dividend yield of 0.09%.
What is the Return on Equity (ROE) of Solex Energy Ltd?
Solex Energy Ltd reported a return on equity of 44.40%. 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

Website solex.in
Listed 8 Oct 2025
Face Value ₹10

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