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SOLEX ENERGY LIMITED SOLEX NSETECH

Technology · Solar · India
https://www.solex.in
Company Profile ↓
₹1,015.20
-19.37% 1Y
Mkt Cap₹1,096.67 Cr
P/E25.39
P/B4.30
Div. Yield0.06%
52W High₹1,918.00
52W Low₹833.50
Book Value₹234.16
EPS (TTM)₹39.98

Company Overview

Solex Energy Limited manufactures and sells solar photovoltaic modules in India. It provides solar turnkey solutions for solar power plants, solar water pumps, and utility scale ground mounted solar power plants, as well as engineering, procurement, and construction services for the solar energy market. The company also offers solar residential and industrial rooftop systems, off-grid power plants, solar grid-connected systems, solar home and street light systems, solar water pumps, and custom solar solutions. It serves government, real estate, agriculture, manufacturing, healthcare, hospitality, residential societies, banking institutions, educational institutes, transport and logistics, media and entertainment, and telecom and communications industries. Solex Energy Limited was founded in 1995 and is based in Surat, India.

Why Investors Should Care

Strong Return on Equity

Generates a return on equity of 38.0%, reflecting efficient use of shareholder capital.

Healthy Capital Returns

Return on capital employed stands at 31.1%.

Consistent Profit Growth

Net profit has compounded at 228.4% per year over the last five years.

Steady Revenue Expansion

Revenue has grown at a 115.5% CAGR over the past five years.

Reasonable Valuation

Trades at a P/E of 25.4, below the sector median of 27.7.

Positive Free Cash Flow

Generates positive free cash flow, funding growth and shareholder returns internally.

Recent Developments

  • Mar 2026 Revenue of ₹1,618.06 Cr (+144.3% YoY); net profit ₹96.01 Cr.
  • Trailing 12 Months Year-on-year growth — revenue +144.3%, earnings +131.6%.
  • 5-Year Trend Long-term compounding — revenue CAGR 115.5%, profit CAGR 228.4%.

Growth & Price Performance

Compounded Sales Growth

5 Years:115.48%
1 Year:144.34%

Compounded Profit Growth

5 Years:228.40%
1 Year:131.57%

Stock Price Performance

1 Year:-19.37%
6 Months:-10.65%
3 Months:-21.32%
1 Month:-6.45%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bearish
52-Week Range 17% of range
₹833.50 ₹1,918.00
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMABelow
  • RSI (14)38.10 · Neutral
Price Performance
1M-6.45%
3M-21.32%
6M-10.65%
1Y-19.37%
Valuation vs Sector

P/E of 25.39 is below the sector median of 27.67 — relatively cheaper than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Strong return on equity of 38.0%.
  • Healthy ROCE of 31.1%.
  • Compounding revenue at 115.5% over 5 years.
  • Profit CAGR of 228.4% over 5 years.
  • Generates positive free cash flow.

CONS

  • Trading 47.1% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
25.39
Industry PE
27.67
Forward P/E est.
12.70
PEG Ratio
-
Book Value
₹234.16
Price to Book
4.30
P/S
0.67
EV/EBITDA
7.11
Dividend Yield
0.06%

Growth (CAGR)

Revenue 5Y
115.48%
Profit 5Y
228.40%
Revenue (YoY)
144.34%
Earnings (YoY)
131.57%

Profitability & Returns

ROCE
31.07%
ROE
37.95%
ROA
8.13%
Profit Margin
5.93%
Op Margin
9.80%
Gross Margin
19.47%
EPS (Latest Qtr)
₹53.61
EPS (TTM)
₹39.98

Balance Sheet & Liquidity

Debt/Equity
1.34
Quick Ratio
0.80
Current Ratio
1.23
Debt
₹338.65 Cr
Total Assets
₹1,181.35 Cr
Current Assets
₹826.41 Cr
Working Capital
₹155.24 Cr

Ownership

Promoter Holding
-
Chg in Prom Hold
-
FII / Inst Holding
-
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹1,096.67 Cr
Total Revenue (TTM)
₹1,618.06 Cr
EBITDA
₹187.11 Cr
Free Cash Flow
₹7.17 Cr
Operating Cash Flow
₹200.69 Cr
Shares Outstanding
₹1.08 Cr
Gross Margin
19.47%
Payout Ratio
0.62%

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 SOLEX SOLEX ENERGY LIMITED NSETECH 1,015.20 25.39 ₹1,096.67 Cr 0.06% 31.07% 37.95% 115.48% 228.40%
2 TCS Tata Consultancy Services Limited NIFTY50NSEAITECH 2,173.50 15.98 ₹7.86 L Cr 3.14% 54.93% 45.89% 5.80% 5.30%
3 INFY Infosys Limited NIFTY50NSEAITECH 1,084.40 1,355.50 ₹4.40 L Cr 4.68% 41.66% 33.85% 3.44% 3.58%
4 HCLTECH HCL Technologies Limited NIFTY50NSEAITECH 1,176.30 18.35 ₹3.19 L Cr 8.25% 27.21% 22.14% 8.65% 3.87%
5 WIPRO Wipro Limited NIFTY50NSEAITECH 175.97 14.01 ₹1.85 L Cr 9.69% 17.85% 14.91% 0.78% 5.16%
6 TECHM Tech Mahindra Limited NIFTY50NSEAITECH 1,474.20 27.20 ₹1.44 L Cr 3.51% 19.82% 16.24% 2.16% -0.14%
7 LTM LTM Limited NSETECH 4,076.50 24.10 ₹1.21 L Cr 1.86% 25.39% 20.89% 8.43% 4.41%
8 LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH 1,535.10 61.82 ₹1.04 L Cr 0.00% 27.64% 21.98% 0.98% -
9 OFSS Oracle Financial Services Software Limited NIFTY_MIDNSEAITECH 11,729.00 38.82 ₹1.02 L Cr 5.71% 43.24% 33.72% 10.42% 13.48%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 132.00 Cr134.66 Cr254.40 Cr260.00 Cr155.02 Cr317.90 Cr885.53 Cr
Cost of Revenue -93.39 Cr195.08 Cr-104.31 Cr261.91 Cr743.70 Cr
Gross Profit -41.27 Cr59.33 Cr-50.71 Cr55.99 Cr141.83 Cr
Operating Expenses 117.00 Cr20.15 Cr34.69 Cr218.00 Cr36.56 Cr36.42 Cr53.84 Cr
Operating Income 12.00 Cr21.12 Cr24.64 Cr37.00 Cr14.15 Cr19.57 Cr87.99 Cr
EBITDA 14.00 Cr24.71 Cr28.50 Cr41.00 Cr18.21 Cr27.43 Cr98.77 Cr
Interest Expense 3.00 Cr2.89 Cr5.00 Cr5.00 Cr5.89 Cr9.35 Cr10.19 Cr
Pretax Income 11.00 Cr19.31 Cr20.11 Cr33.00 Cr7.89 Cr11.99 Cr78.22 Cr
Tax Provision 1.76 Cr5.29 Cr4.98 Cr8.25 Cr2.10 Cr3.12 Cr19.33 Cr
Net Income 9.00 Cr14.05 Cr14.32 Cr25.00 Cr5.22 Cr8.71 Cr57.91 Cr
Diluted EPS 8.4213.0113.2522.374.838.0753.61

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -161.71 Cr365.92 Cr662.22 Cr1,618.06 Cr
Cost of Revenue -139.31 Cr314.49 Cr510.95 Cr1,303.09 Cr
Gross Profit -22.40 Cr51.43 Cr151.27 Cr314.97 Cr
Operating Expenses -13.47 Cr30.54 Cr84.70 Cr156.47 Cr
Operating Income -8.93 Cr20.89 Cr66.57 Cr158.50 Cr
EBITDA -13.04 Cr28.38 Cr79.58 Cr187.11 Cr
Interest Expense -4.65 Cr8.37 Cr12.92 Cr30.84 Cr
Pretax Income -3.85 Cr11.54 Cr56.22 Cr131.12 Cr
Tax Provision -1.14 Cr2.81 Cr13.99 Cr32.87 Cr
Net Income -2.71 Cr8.73 Cr41.46 Cr96.01 Cr
Diluted EPS 1.022.7110.9239.98-

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -140.78 Cr211.96 Cr480.25 Cr1,181.35 Cr
Current Assets -82.72 Cr150.61 Cr362.16 Cr826.41 Cr
Cash & Equivalents -13.34 L19.07 L12.05 Cr76.39 Cr
Inventory -30.38 Cr66.39 Cr179.52 Cr290.47 Cr
Receivables -30.25 Cr46.69 Cr116.12 Cr356.69 Cr
Total Liabilities -103.15 Cr165.72 Cr318.74 Cr925.27 Cr
Current Liabilities -54.44 Cr115.04 Cr246.39 Cr671.17 Cr
Long Term Debt -44.73 Cr47.20 Cr68.69 Cr193.15 Cr
Total Debt -65.94 Cr96.16 Cr147.50 Cr338.65 Cr
Total Equity -37.63 Cr46.24 Cr160.63 Cr252.95 Cr
Shares Outstanding 1.00 Cr1.00 Cr1.00 Cr1.08 Cr-

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow --6.19 Cr1.71 Cr-40.46 Cr200.69 Cr
Investing Cash Flow --34.85 Cr-21.24 Cr-58.23 Cr-225.16 Cr
Financing Cash Flow -40.79 Cr19.59 Cr110.55 Cr88.81 Cr
Capital Expenditure --35.16 Cr-7.79 Cr-66.64 Cr-193.52 Cr
Free Cash Flow --41.34 Cr-6.08 Cr-107.10 Cr7.17 Cr
Net Change in Cash --25.20 L5.73 L11.86 Cr64.34 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -13.9%14.1%22.8%19.5%
Operating Margin % -5.5%5.7%10.1%9.8%
Net Margin % -1.7%2.4%6.3%5.9%
ROE % -7.2%18.9%25.8%38.0%
ROCE % -10.3%21.6%28.5%31.1%

Analyst View

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Latest News

Recent headlines for SOLEX

Google News Mon, 01 Jun 2026

Solex Energy's (NSE:SOLEX) Shareholders May Want To Dig Deeper Than Statutory Profit - simplywall.st

<a href="https://news.google.com/rss/articles/CBMi2gFBVV95cUxNbTcwdk9yek8tQmRJWGRzS0lhaEtHc2hHTkd1Zkp2c1RDWW8zQkVFN1lnYk9HdHA4YTJlWDl2NFl6dk9Na0xvSmNvaFBuQnpOYktTc3RYVjh5bGFvMXkya0ppMVVpWTRiektUTmJBSTZBbjdxeWZ2Ulk3Zjhta3JMa25INXFWR011YkdWZE…

Google News ue, 16 Jun 2026

Green Stocks June 16: Suzlon Jumps 4%, Solex and Borosil Advance As Green Pack Ends Mixed - Saur Energy

<a href="https://news.google.com/rss/articles/CBMiuwFBVV95cUxNTXZYSkFlTkM4ZFVKc0thaUt6QVRXSVBXbjJFb3Q4MG5XVElTY2t1ZTdTRHNXemd5eVMwUi0yb29ralkxZVVYUExjZG15U29acmwxT3Y2Zm5OcXpFMTd1dkRTR2xrYUtCV0R5d1BBUUd0SUNfbjkzb1NGSTV5cTU4Q2VKLUt6UGlyVjRqd3…

Google News Mon, 29 Jun 2026

Solex Energy incorporates wholly-owned BESS subsidiary - scanx.trade

<a href="https://news.google.com/rss/articles/CBMisAFBVV95cUxQOHBkM2tlOXZ6Y2E0YUU5NHVZSFlyODFKQWFGT3V0NzNvcmo2YnlNZ2dDZHA4NDZUVEpvMHhyY0xDMC04M1EtRXhNTDREYVZ6dHRId2NrMjF1alQ0aUN5SktYeEhYeFBDTEtocFB5OWwtSFMwc1RoUENUeUozMV9PeW5tbnVyR2VSOXZBSV…

Google News Mon, 25 May 2026

Momentum Stocks: Solex Energy, Sagardeep Alloy, Grand Continent rally sheer momentum - Moneycontrol.com

<a href="https://news.google.com/rss/articles/CBMi3wFBVV95cUxOdkNGWUhmYnYzOV96eFF5akZabU15Y0JWMTdobTl5c25EaGdpazMtSmRzeGNNbWxQbmlBeFd5UkVDaDhIQ0c2NW1lbEcwb0w1TDdVZklVTjVLZTVjQXJXUm1oMkgwLWFhM19uRDZlSHZ1THJyOUF1NFdIYWpvT0Y5Y3d0Ull2QlYzY09UTj…

Google News ue, 10 Mar 2026

Solex Energy shares gain 8% on ALMM capacity addition approval - Business Standard

<a href="https://news.google.com/rss/articles/CBMixwFBVV95cUxONHg3OVQybkV6VTJqaWNYQ3c3YlVKVEdlOU9XMjlYY1FWZjRzaVVKVy1xM2ZsMkFlQ0J6R2hYcTRfQTd6cWlVWkhxYVFlYkJCMnZ1RlBmcXphTGZUNTB0cmVBZkZ5N0pxR05oX2VUUWxzbkpkaV94V2J2RW5qdFdITWxfcWkzekVCSWtabG…

Google News ue, 10 Feb 2026

We Ran A Stock Scan For Earnings Growth And Solex Energy (NSE:SOLEX) Passed With Ease - simplywall.st

<a href="https://news.google.com/rss/articles/CBMi3AFBVV95cUxQb2NjTi1DRGV0SGZVbzJtN21lekpCd2l2NmNMWEdfS0hQa0tXbGg0dTQweTVsWTRiOC13d1dsQ2czSmtzbTBLZk44MmI2THBqS2ctLVhNNlBzeVI0OHRwR2otdVdabkpBTk14b1d1TndOd1hIZ3FKVk5aT3J6SUp3RWRXMGIyZXg5NjZnYj…

SOLEX — Frequently Asked Questions

What is the current share price of SOLEX ENERGY LIMITED (SOLEX)?

As of 2026-07-15 09:52 IST, SOLEX ENERGY LIMITED (SOLEX) trades at ₹1,015.20 on NSE. Its 52-week range is ₹833.50 to ₹1,918.00.

What is the market capitalisation of SOLEX?

SOLEX ENERGY LIMITED (SOLEX) has a market capitalisation of ₹1,096.67 Cr on NSE.

What is the P/E ratio of SOLEX?

SOLEX trades at a trailing price-to-earnings (P/E) ratio of 25.39. The industry average P/E is 27.67. Its price-to-book (P/B) ratio is 4.30.

Does SOLEX pay a dividend?

SOLEX ENERGY LIMITED (SOLEX) currently offers a dividend yield of 0.06%.

What is the return on equity (ROE) of SOLEX?

SOLEX has a return on equity (ROE) of 37.95%. Its return on capital employed (ROCE) is 31.07%.

Is SOLEX a good stock to buy?

This page provides a data-driven analysis of SOLEX ENERGY LIMITED (SOLEX), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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