SOLEX

Solex Energy Ltd.

NSE: SOLEX

Sector: Capital Goods

Industry Group: Electrical Equipment

Industry: Heavy Electrical Equipment

643.65-9.3 (-1.43%)

9 Oct, 12:00 AM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

84.2 / 100

Value Score

95.0 / 100

Price Momentum Score

1.7 / 100

QVM Score

69.1 / 100

Key Metrics

Market Cap

695.27

P/E (TTM)

7.24

P/B

2.75

P/S (TTM)

0.43

EV/EBITDA

4.96

CAPE (5Y)

22.17

ROE (TTM)

46.43

ROCE (TTM)

35.08

ROA (TTM)

11.56

Avg 3Y ROE

35.96

Earnings 3Y CAGR

220.02

Sales 3Y CAGR

115.48

Sales 5Y CAGR

82.64

Debt/Equity

1.34

Consensus TP

Strong Buy %

Promoter Holding

66.15

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of Solex Energy Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Stock is cheap and PE TTM is at a discount to industry median

PE TTM of 7.24 indicates that the stock is cheap on a standalone basis. Discount to industry median P/E is decent at -78.15%

What is P/E Ratio?

Median: 33.13

Value 7.24

4.94153.13

High ROE

The company reported strong ROE of 46.43% for 12-month ended 30 Jun 2026

What is ROE (FY)?

Strong revenue growth and above median growth of industry

The company delivered strong revenue growth of 144.34% for 12-month ended 30 Jun 2026 and the growth was 124.26 percentage points higher than median growth of industry

What is Sales growth (1Y)?

Median: 20.08

Value 144.34

-31.52730.96

Strong EPS growth and above median growth of industry

The company delivered strong EPS growth of 102.83% for 12-month ended 30 Jun 2026 and the growth was 87.23 percentage points higher than median growth of industry

What is EPS growth (1Y)?

Consistently pays dividend

The company has not missed dividend payments once in the last 8 financial years

What is Dividend streak?

Negative

Weak price momentum

Price Momentum score of 1.7 indicates that the stock has weak price momentum. Research has shown that stocks with lower momentum continue to underperform in the near term

What is Price Momentum score?

1.7 / 100

Low operating margin

The company reported low operating margin of 9.8% for 12-month ended 30 Jun 2026

What is Operating profit margin?

Low dividend yield

The company has a low dividend yield of 0.09%

What is Dividend yield?

Neutral

Moderate Debt to Equity

The company has reasonable Debt to Equity of 1.34 as on 30 Jun 2026

What is Debt to Equity?

Company's earnings are of moderate quality

Earnings quality score of 65.7 indicates that the company's earnings are of moderate quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

65.7 / 100

Financial Snapshot

See detailed analysis

Multi-year trends for Solex Energy Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

Solex Energy Ltd. Shareholding Pattern

Quarterly breakdown of Solex Energy Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Sep 2017	Mar 2018	Sep 2018	Mar 2019	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Total Promoter	97.73	70.43	70.43	70.43	70.43	70.43	70.43	70.43	43.49	70.65	70.65	70.65	70.65	70.66	66.15	66.15	66.15	66.15	66.15	66.15
Indian Promoter	97.73	70.43	70.43	70.43	70.43	70.43	70.43	70.43	43.49	70.65	70.65	70.65	70.65	70.66	66.15	66.15	66.15	66.15	66.15	66.15
Foreign Promoter	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-
Institutions	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	-	-	1.10	0.92	0.80	1.11	1.23	0.94	0.58
Mutual Funds / UTI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	-	-	-	-	-	-	-	-	-
FI/Bank/Insurance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Govt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-
FII	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.03	0.01	0.09	0.25	0.13	0.07
Other Institutions	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.10	0.89	0.79	1.02	0.98	0.81	0.51
Non-Institution	2.27	29.57	29.57	29.57	29.57	29.57	29.57	29.57	56.51	29.36	29.35	29.35	29.35	28.24	32.94	33.06	32.75	32.63	32.91	33.26
Bodies Corporate	0.00	5.63	7.09	6.32	0.93	0.74	0.16	2.15	0.75	0.75	1.63	0.84	1.18	-	3.96	5.55	5.18	8.44	8.20	7.76
Others (incl. Retail) No. of shareholders	2.27 6	23.94 287	22.48 242	23.25 232	28.64 219	28.83 218	29.41 217	27.42 209	55.76 239	28.61 282	27.72 276	28.51 535	28.17 874	28.24 1,382	28.98 2,192	27.51 2,838	27.57 2,927	24.19 5,323	24.71 6,930	25.50 10,260

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Solex Energy Ltd. shares as reported to NSE and BSE.

Name	Date	Type	Price	Qty.	Value
NEIGHBOURHOOD INVESTMENT PRIVATE LIMITED	20 Nov 2025	buy	₹ 1,911.75	57.56 k	₹ 11.00 cr
AKSHAT GREENTECH PRIVATE LIMITED	14 Nov 2025	sell	₹ 1,710.10	59.67 k	₹ 10.20 cr
NEIGHBOURHOOD INVESTMENT PRIVATE LIMITED	14 Nov 2025	buy	₹ 1,709.58	67.50 k	₹ 11.54 cr
GRACIOUS ADVISORS LLP	07 Nov 2024	buy	₹ 1,625.20	87.88 k	₹ 14.28 cr
SANJUDEVI RAMESHCHANDRA CHANDAK	07 Nov 2024	sell	₹ 1,625.00	75.00 k	₹ 12.19 cr
BAJORIA FINANCIAL SERVICES PRIVATE LIMITED	12 Apr 2024	buy	₹ 800.00	48.40 k	₹ 3.87 cr

Corporate Actions

History of Solex Energy Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Dividend₹ 0.55/share
Record date: 15th Sep 2026Ex-date: 15th Sep 2026
Announced on: 18th Jun 2026
Dividend₹ 0.55/share
Record date: 22nd Sep 2025Ex-date: 22nd Sep 2025
Announced on: 12th May 2025
Dividend₹ 0.44/share
Record date: 20th Sep 2024Ex-date: 20th Sep 2024
Announced on: 28th May 2024
Bonus1 new shares for 4 existing shares
Ex-date: 20th Sep 2024Announced on: 8th Aug 2024
"Shares credited on or before October 06 2024."
Dividend₹ 0.15/share
Record date: 22nd Sep 2023Ex-date: 22nd Sep 2023
Announced on: 22nd May 2023

Company Profile

Overview of Solex Energy Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

Solex Energy Limited is an India-based company, which is engaged in the manufacturing of solar photovoltaic modules. The Company provides turnkey solar solutions across different segments, like solar power plants, solar water pumps, and utility-scale ground-mounted solar power plants. The Company is...

Key personnel

Ms. Azmin Chiniwala

Compliance Officer, Company Secretary

Mr. Kalpeshkumar Ramanbhai PatelD

Chairman of the Board, Managing Director

Mr. Sankar RayD

Whole-time Director

Ms. Ridhi Kalpeshkumar PatelD

Non-Executive Director

Mr. Jayesh Jayantilal GajjarD

Additional Independent Director

Mr. Sanjay Bhagvandas PunjabiD

Additional Independent Director

Mr. Sanjay SrivastavaD

Additional Independent Director

Mr. Mahendrabhai Lallubhai MachhiD

Non-Executive Independent Director

View all

Incorporated on

13 Oct 2014

Last Annual

31 Mar 2026

Last Interim

30 Jun 2026

No. of Employees

1,406

IPO date

05 Feb 2018

Free Float

Website

https://solex.in

Phone no.

+912692230317

Address

8th Floor, 801-812, Rio Empire, Opp. R.T.O Pal, Adajan Dn, , 395009, India

Frequently Asked Questions

What is the current share price of Solex Energy Ltd.?

The current share price of Solex Energy Ltd. is ₹ 643.65 as of 9 Oct 2026.

What is the market capitalisation of Solex Energy Ltd.?

The market capitalisation of Solex Energy Ltd. stands at ₹ 695.27 Cr.

What is the PE ratio of Solex Energy Ltd.?

The Price-to-Earnings (PE) ratio of Solex Energy Ltd. is 7.24 as of the latest trailing twelve months data.

What is the ROE and ROCE of Solex Energy Ltd.?

Solex Energy Ltd. has a Return on Equity (ROE) of 46.43% and a Return on Capital Employed (ROCE) of 35.08% as per the latest financial reports.

What is the 52-week high and low of Solex Energy Ltd.?

The 52-week high of Solex Energy Ltd. is - and the 52-week low is -.

What is the dividend yield of Solex Energy Ltd.?

The dividend yield of Solex Energy Ltd. is 0.09% based on the current market price.

What is the FII and DII holding in Solex Energy Ltd.?

Foreign Institutional Investors (FII) hold 0.07%, Domestic Institutional Investors (DII) hold 0.00% and retail/public investors hold 25.50% of Solex Energy Ltd. shares.

What sector does Solex Energy Ltd. belong to?

Solex Energy Ltd. operates in the Capital Goods sector.

What is the beta of Solex Energy Ltd.?

The beta of Solex Energy Ltd. is 1.43, indicating its price volatility relative to the broader market. Over the past 1 year, Solex Energy Ltd. has delivered an absolute return of -62.02%.

What is the RSI of Solex Energy Ltd.?

The 14-day Relative Strength Index (RSI) of Solex Energy Ltd. is 31.68, placing it approaching oversold territory. An RSI above 70 is considered overbought and below 30 is considered oversold.

Solex Energy Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Solex Energy Ltd. Shareholding Pattern

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Stock Analysis

Corporate Actions

Company Profile