Solex Energy Ltd.
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ABOUT
AI Sector View
AI GENERATEDCapital Goods
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.
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
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ABB | 7269.10 | 51.56 | 154038.32 | 0.54 | 3623.00 | 930.02 | 35588.70 | 1110.31 | 30.18 | 12.56 |
| CGPOWER | 910.00 | 114.69 | 143365.96 | 0.14 | 308.28 | 15.52 | 3280.81 | 13.99 | 27.94 | 12.11 |
| SIEMENS | 3960.90 | 43.07 | 141055.77 | 0.45 | 214.31 | -49.38 | 4713.70 | 8.44 | 21.42 | 9.14 |
| POWERINDIA | 31415.40 | 121.72 | 140025.86 | 0.03 | 2941.50 | 2135.18 | 24936.90 | 1586.18 | 28.73 | 14.58 |
| GVT&D | 4545.00 | 623.18 | 116373.15 | 0.22 | 362.99 | 24.65 | 1836.14 | 38.04 | 75.51 | 25.10 |
| ENRIN | 3178.75 | 76.08 | 113201.81 | 0.13 | 440.90 | 67.83 | 2485.60 | 39.28 | 40.19 | 23.56 |
| WAAREEENER | 2627.50 | 19.80 | 75580.39 | 0.15 | 891.87 | 15.39 | 7931.79 | 79.22 | 37.92 | 18.15 |
| APARINDS | 17496.15 | 62.01 | 73260.47 | 0.34 | 4674.50 | 1677.98 | 65910.60 | 1191.31 | 31.84 | 11.50 |
| HAVELLS | 1114.80 | 42.84 | 69960.57 | 0.90 | 289.71 | -16.64 | 6518.19 | 19.48 | 25.74 | 7.15 |
| SUZLON | 44.16 | 19.31 | 60700.73 | 0.00 | 305.22 | -5.89 | 3829.09 | 22.83 | 35.79 | 15.55 |
| SCHNEIDER | 1227.70 | 159.75 | 29354.80 | 0.00 | 12.44 | -69.84 | 651.36 | 4.78 | 31.01 | 5.23 |
| SOLEX | 696.10 | 9.42 | 751.96 | 0.00 | 82.56 | 234.14 | 2608.24 | 904.67 | 29.96 | 11.11 |
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 | |
|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
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 - Solex Energy Limited has informed the Exchange about Bagging/Receiving of orders/contracts
2026-09-01 - Solex Energy Limited has informed the Exchange about Copy of Newspaper Publication
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 - Solex Energy Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 22, 2026
2026-08-31 - Solex Energy Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-21 - Solex Energy Limited has informed the Exchange about Transcript
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 - 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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