Alpex Solar Ltd
Incorporated in 2008, Alpex Solar
Ltd manufactures photovoltaic modules
and provides all-inclusive solar energy
solutions[1]
- Market Cap ₹ 1,837 Cr.
- Current Price ₹ 751
- High / Low ₹ 1,132 / 495
- Stock P/E 79.1
- Book Value ₹ 73.6
- Dividend Yield 0.00 %
- ROCE 28.5 %
- ROE 27.2 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 10.2 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 48.4 to 63.9 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 92 | 138 | 153 | 183 | 404 | |
| 86 | 130 | 149 | 172 | 368 | |
| Operating Profit | 6 | 8 | 4 | 11 | 37 |
| OPM % | 7% | 6% | 2% | 6% | 9% |
| 2 | 1 | 3 | 1 | 8 | |
| Interest | 4 | 4 | 4 | 5 | 6 |
| Depreciation | 2 | 2 | 3 | 2 | 3 |
| Profit before tax | 3 | 3 | 0 | 5 | 36 |
| Tax % | 3% | 8% | 36% | 28% | 20% |
| 3 | 3 | 0 | 4 | 29 | |
| EPS in Rs | 11.87 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 43% |
| TTM: | 121% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 106% |
| TTM: | 519% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 21% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 17% |
| Last Year: | 27% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 24 | 24 |
| Reserves | 27 | 29 | 30 | 33 | 107 | 132 |
| 19 | 28 | 20 | 40 | 36 | 33 | |
| 22 | 30 | 34 | 35 | 50 | 74 | |
| Total Liabilities | 74 | 93 | 89 | 114 | 217 | 263 |
| 19 | 20 | 17 | 15 | 27 | 51 | |
| CWIP | 0 | 1 | 2 | 4 | 0 | 0 |
| Investments | 5 | 5 | 4 | 4 | 6 | 6 |
| 49 | 68 | 66 | 90 | 184 | 206 | |
| Total Assets | 74 | 93 | 89 | 114 | 217 | 263 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 7 | 2 | 4 | -8 | -14 | |
| -0 | -4 | 6 | -7 | -16 | |
| -6 | 2 | -11 | 17 | 53 | |
| Net Cash Flow | 1 | 0 | -1 | 1 | 24 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 87 | 46 | 38 | 43 | 64 |
| Inventory Days | 53 | 69 | 91 | 94 | 42 |
| Days Payable | 79 | 68 | 56 | 53 | 40 |
| Cash Conversion Cycle | 61 | 47 | 73 | 84 | 67 |
| Working Capital Days | 79 | 64 | 63 | 86 | 77 |
| ROCE % | 12% | 7% | 15% | 28% |
Documents
Announcements
-
Integrated Filing- Governance
28 April 2025 - For quarter /year ended on 31st March,2025
-
Bagging/Receiving of orders/contracts
25 April 2025 - Alpex Solar Limited has informed about Bagging/Receiving of orders/contracts
-
Awarding of order(s)/contract(s)
23 April 2025 - Alpex Solar Limited has informed about Awarding of order(s)/contract(s)
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
10 April 2025 - Alpex Solar Limited has informed about Certificate under SEBI (Depositories and Participants) Regulations, 2018
-
Structural Digital Database
10 April 2025 - Company has informed about Certificate pursuant to Structural Digital Database as per Regulation 3(5) and 3(6) of SEBI (Prohibition of Insider Trading) Regulations, 2015
Business Overview:[1][2][3]
ASL is among North Indiaʼs largest PV Module Manufacturers. Company manufactures solar PV modules, solar power plants, aluminium frames, IPP, GH2, and AC/DC water pumps.
It also undertakes EPC projects. Moreover, ASL trades in circular knitting needles, yarn, air purifiers, water pumps and solar panel. It has installed 15,000+ solar pump installation till date