Solex Energy Ltd.

•

solex.inBSE: -NSE: SOLEX

Market Cap₹ 761 Cr.

Current Price

High / Low₹ 1,985 / 651

Stock P/E9.5

Book Value₹ 242

Price to Book4.24

Dividend Yield0.00 %

ROCE30.0 %

ROE41.4 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

View full sector analysis →

PROS

Company comfortably covers its interest (6.3x coverage)
Company converts assets efficiently - asset turnover of 1.9x

CONS

Operating cash flow has been negative in recent years
Receivables are growing faster than sales - a possible quality concern
Promoter holding has decreased over last 2 years: -4.5pp
Total debt has risen sharply - up 53.4% year on year

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsCapital GoodsElectric Equipment

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	ABB	7330.00	51.99	155328.84	0.54	3623.00	930.02	35588.70	1110.31	30.18	12.56
2.	CGPOWER	908.00	114.44	143050.87	0.14	308.28	15.52	3280.81	13.99	27.94	12.11
3.	SIEMENS	3972.00	43.19	141451.06	0.45	214.31	-49.38	4713.70	8.44	21.42	9.14
4.	POWERINDIA	31065.00	120.36	138464.05	0.03	2941.50	2135.18	24936.90	1586.18	28.73	14.58
5.	GVT&D	4500.00	617.01	115220.94	0.22	362.99	24.65	1836.14	38.04	75.51	25.10
6.	ENRIN	3180.50	76.12	113264.13	0.13	440.90	67.83	2485.60	39.28	40.19	23.56
7.	WAAREEENER	2545.00	19.18	73207.26	0.16	891.87	15.39	7931.79	79.22	37.92	18.15
8.	APARINDS	17293.00	61.29	72409.83	0.35	4674.50	1677.98	65910.60	1191.31	31.84	11.50
9.	HAVELLS	1116.00	42.88	70035.88	0.90	289.71	-16.64	6518.19	19.48	25.74	7.15
10.	SUZLON	44.44	19.43	61085.61	0.00	305.22	-5.89	3829.09	22.83	35.79	15.55
11.	SCHNEIDER	1195.30	155.53	28580.11	0.00	12.44	-69.84	651.36	4.78	31.01	5.23
12.	SOLEX	704.60	9.54	761.14	0.00	82.56	234.14	2608.24	904.67	29.96	11.11

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	132	135	254	260	155	318	886	261
	117	111	226	228	136	292	787	255
Operating Profit	14	24	28	32	19	26	98	6
OPM %	10.87%	17.54%	11.02%	12.17%	12.00%	8.07%	11.11%	2.42%
	1	1	0	1	-0	2	0	5
Interest	3	3	5	5	6	9	10	12
Depreciation	2	3	3	4	4	6	10	10
Profit before Tax	11	19	20	33	8	12	78	11
Tax %	15.77%	27.40%	24.76%	25.18%	26.62%	26.02%	24.71%	25.76%
Net Profit	0	0	0	25	6	9	59	8
	8.81	13.01	13.25	22.37	4.83	8.07	53.61	7.39

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025	TTM
	366	662	1,619
	338	589	1,470
Operating Profit	28	73	149
OPM %	7.76%	11.04%	9.20%
	2	4	7
Interest	11	11	38
Depreciation	8	9	31
Profit before Tax	12	57	109
Tax %	24.32%	24.54%	25.10%
Net Profit	9	43	82
EPS	10.92	38.91	—
Dividend Payout %	5.04%	1.41%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: 79%
3 Years:: 14%
1 Year:: -49%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: —
Last Year:: 41%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025
Equity Capital	8	11
Minority Interest	0	1
	38	150
	87	130
Trade Payables	54	92
	25	98
Total Liabilities	212	480
	54	111
Capital Work in Progress	0	2
	14	2
	66	180
	47	116
Cash & Bank	0	12
	30	58
Total Assets	212	480

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025
	2	-47
Cash from Investing	-21	-54
Cash from Financing	20	113
	0	12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	70.65	70.65	70.66	66.15	66.15	66.15	66.15	66.15	66.15
	0.00	0.00	0.00	0.03	0.01	0.09	0.25	0.13	0.07
	0.00	0.00	1.10	0.89	0.79	1.02	0.98	0.81	0.51
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	29.35	29.35	28.24	32.94	33.06	32.75	32.63	32.91	33.26

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

Press Release

2026-09-03 - Solex Energy Limited has informed the Exchange regarding a press release dated September 03, 2026, titled "Solex Energy Receives Work Orders Worth Rs. 74.77 Crore for Solar PV Modules".

2026-09-03

Bagging/Receiving of orders/contracts

2026-09-03 - Solex Energy Limited has informed the Exchange about Bagging/Receiving of orders/contracts

2026-09-01

Copy of Newspaper Publication

2026-09-01 - Solex Energy Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-31

Record Date

2026-08-31 - Solex Energy Limited has informed the Exchange that Record date for the purpose of Dividend is 15-Sep-2026.

2026-08-31

Shareholders meeting

2026-08-31 - Solex Energy Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 22, 2026

2026-08-31

Copy of Newspaper Publication

2026-08-31 - Solex Energy Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-21

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-21 - Solex Energy Limited has informed the Exchange about Transcript

2026-08-17

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-17 - Solex Energy Limited has informed the Exchange about Link of Recording of Post Earnings' Concall held on August 17, 2026

2026-08-17

Press Release

2026-08-17 - Solex Energy Limited has informed the Exchange regarding a press release dated August 17, 2026, titled "Solex Energy Reports Q1 FY27 Results with Continued Focus on Growth and Capacity Expansion".

News

Recent coverage and analyst commentary for SOLEX

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Solex Energy Ltd.

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Free 5nance Account

Name

ABB

7330.00

51.99

155328.84

0.54

3623.00

930.02

35588.70

1110.31

30.18

12.56

CGPOWER

908.00

114.44

143050.87

0.14

308.28

15.52

3280.81

13.99

27.94

12.11

SIEMENS

3972.00

43.19

141451.06

0.45

214.31

-49.38

4713.70

8.44

21.42

9.14

POWERINDIA

31065.00

120.36

138464.05

0.03

2941.50

2135.18

24936.90

1586.18

28.73

14.58

GVT&D

4500.00

617.01

115220.94

0.22

362.99

24.65

1836.14

38.04

75.51

25.10

ENRIN

3180.50

76.12

113264.13

0.13

440.90

67.83

2485.60

39.28

40.19

23.56

WAAREEENER

2545.00

19.18

73207.26

0.16

891.87

15.39

7931.79

79.22

37.92

18.15

APARINDS

17293.00

61.29

72409.83

0.35

4674.50

1677.98

65910.60

1191.31

31.84

11.50

HAVELLS

1116.00

42.88

70035.88

0.90

289.71

-16.64

6518.19

19.48

25.74

7.15

SUZLON

44.44

19.43

61085.61

0.00

305.22

-5.89

3829.09

22.83

35.79

15.55

SCHNEIDER

1195.30

155.53

28580.11

0.00

12.44

-69.84

651.36

4.78

31.01

5.23

SOLEX

704.60

9.54

761.14

0.00

82.56

234.14

2608.24

904.67

29.96

11.11

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

132

135

254

260

155

318

886

261

117

111

226

228

136

292

787

255

Operating Profit

OPM %

10.87%

17.54%

11.02%

12.17%

12.00%

8.07%

11.11%

2.42%

-0

Interest

Depreciation

Profit before Tax

Tax %

15.77%

27.40%

24.76%

25.18%

26.62%

26.02%

24.71%

25.76%

Net Profit

8.81

13.01

13.25

22.37

4.83

8.07

53.61

7.39

Mar 2024

Mar 2025

TTM

366

662

1,619

338

589

1,470

Operating Profit

149

OPM %

7.76%

11.04%

9.20%

Interest

Depreciation

Profit before Tax

109

Tax %

24.32%

24.54%

25.10%

Net Profit

EPS

10.92

38.91

—

Dividend Payout %

5.04%

1.41%

—

Mar 2024

Mar 2025

Equity Capital

Minority Interest

150

130

Trade Payables

Total Liabilities

212

480

111

Capital Work in Progress

180

116

Cash & Bank

Total Assets

212

480

Mar 2024

Mar 2025

-47

Cash from Investing

-21

-54

Cash from Financing

113

Mar 2024

Mar 2025

Mar 2023

Sep 2023

Mar 2024

Sep 2024

Mar 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

70.65

70.66

66.15

0.00

0.03

0.01

0.09

0.25

0.13

0.07

0.00

1.10

0.89

0.79

1.02

0.98

0.81

0.51

Government

0.00

29.35

28.24

32.94

33.06

32.75

32.63

32.91

33.26

Solex Energy Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Solex Energy Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI