Alpex Solar Ltd
Incorporated in August 1993, Alpex Solar Limited is a manufacturer of Solar panels using monocrystalline and polycrystalline cell technologies.[1]
- Market Cap ₹ 2,144 Cr.
- Current Price ₹ 876
- High / Low ₹ 1,132 / 235
- Stock P/E 94.6
- Book Value ₹ 53.5
- Dividend Yield 0.00 %
- ROCE 39.3 %
- ROE 54.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Debtor days have improved from 29.6 to 16.5 days.
- Company's working capital requirements have reduced from 73.3 days to 45.4 days
Cons
- Stock is trading at 15.9 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -24.8%
* 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
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 98 | 149 | 166 | 195 | 413 | |
| 91 | 140 | 161 | 183 | 376 | |
| Operating Profit | 7 | 9 | 5 | 12 | 37 |
| OPM % | 7% | 6% | 3% | 6% | 9% |
| 2 | 1 | 2 | 1 | 6 | |
| Interest | 4 | 4 | 4 | 5 | 6 |
| Depreciation | 2 | 2 | 3 | 2 | 3 |
| Profit before tax | 3 | 4 | 0 | 5 | 34 |
| Tax % | 5% | 9% | 39% | 29% | 22% |
| 3 | 3 | 0 | 4 | 27 | |
| EPS in Rs | 10.86 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 41% |
| TTM: | 112% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 96% |
| TTM: | 498% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 22% |
| Last Year: | 55% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 24 |
| Reserves | 29 | 31 | 32 | 35 | 106 |
| 20 | 30 | 27 | 47 | 36 | |
| 23 | 32 | 36 | 37 | 50 | |
| Total Liabilities | 78 | 99 | 100 | 126 | 217 |
| 13 | 20 | 17 | 17 | 27 | |
| CWIP | 7 | 1 | 2 | 4 | 0 |
| Investments | 5 | 4 | 4 | 3 | 6 |
| 53 | 75 | 77 | 100 | 184 | |
| Total Assets | 78 | 99 | 100 | 126 | 217 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 7 | 2 | -1 | -7 | -5 | |
| -1 | -8 | 6 | -9 | -17 | |
| -6 | 7 | -6 | 17 | 46 | |
| Net Cash Flow | 1 | 0 | -1 | 2 | 23 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 57 | 35 | 37 | 35 | |
| Inventory Days | 94 | 93 | 110 | 115 | |
| Days Payable | 79 | 69 | 56 | 53 | |
| Cash Conversion Cycle | 73 | 58 | 91 | 97 | |
| Working Capital Days | 82 | 69 | 78 | 96 | |
| ROCE % | 13% | 7% | 14% |
Documents
Announcements
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Shareholders meeting
4 September 2024 - Alpex Solar Limited has informed regarding Notice of Annual General Meeting to be held on September 28, 2024
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Notice Of Shareholders Meetings-XBRL
3 September 2024 - ALPEX SOLAR LIMITED has informed about Notice of Shareholders Meeting for Annual General Meeting to be held on 28-Sep-2024
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Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
3 September 2024 - ALPEX SOLAR LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
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Outcome of Board Meeting
3 September 2024 - Alpex Solar Limited has informed regarding Board meeting held on September 03, 2024.
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Board Meeting Intimation
2 September 2024 - ALPEX SOLAR LIMITED has informed about Board Meeting to be held on 03-Sep-2024 to consider Fund raising.
Annual reports
No data available.
Concalls
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Jul 2024TranscriptNotesPPT
Business Division
A) Manufacture Solar Photovoltaic (PV) module.[1]
Co. manufactures Solar Photovoltaic cells and Solar PV modules under this division. It manufactures and delivers solar panels in the B2B space and also serves as a contract manufacturer for several large companies, including Luminous, Jakson, and Tata Power
Company has 450 MW of manufacturing capacity of PV Solar Panels.