Solex Energy Ltd
SOLEX NSE
Solex Energy Ltd
IndustrialsNSE: SOLEX BSE: 544862 Electrical Equipment
Key Fundamentals
MicrocapElectrical EquipmentCapital GoodsMarket Cap
₹981 Cr
Volatility
Low Risk
P/E Ratio
12.92
EBITDA
₹184 Cr
Return on Equity
26.5%
Debt to Equity
1.33
Book Value
₹234.16
52W High
₹1,985
52W Low
₹795.45
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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40 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
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
143.02% ↘
Net Income Growth
132.08% ↘
Cash Flow Change
-2877.19% ↘
ROE
40.29% ↘
ROCE
26.86% ↘
EBITDA Margin (Avg.)
-1.65% ↘
Quarterly Results
| 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
| 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
| 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
| 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
| 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% |
Documents
Frequently Asked Questions about Solex Energy Ltd
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 is listed on the Indian stock exchanges. It is listed on NSE: SOLEX and BSE: 544862. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Solex Energy Ltd belong to?
Solex Energy Ltd operates in the Industrials sector within the Electrical Equipment industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Solex Energy Ltd?
Solex Energy Ltd has a market capitalisation of approximately ₹980.76 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Solex Energy Ltd?
The Price-to-Earnings (PE) ratio of Solex Energy Ltd is 12.92. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Solex Energy Ltd?
Over the past 52 weeks, Solex Energy Ltd has traded between a low of ₹795.45 and a high of ₹1,985. This range helps investors understand the stock's price volatility and recent trading levels.
Does Solex Energy Ltd pay dividends?
Yes, Solex Energy Ltd has a dividend yield of 0.06%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Solex Energy Ltd?
Solex Energy Ltd has a Return on Equity (ROE) of 26.50%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Solex Energy Ltd on Tapetide?
On Tapetide, you can view Solex Energy Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
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]