Solex Energy Ltd

₹ 324 -3.24%
03 Feb - close price
Company website NSE - SM : SOLEX
About

Solex Energy Ltd is engaged in manufacturing of solar panels and other renewable energy devices and installation of system on EPC basis.[1]

Key Points

Product Portfolio
The company's products include mono/ multi-crystalline solar photovoltaic modules, solar lanterns, solar street lights, solar water pumps and solar inverters.[1][2]

Website NSE - SM
  • Market Cap ₹ 259 Cr.
  • Current Price ₹ 324
  • High / Low ₹ 486 / 95.0
  • Stock P/E 262
  • Book Value ₹ 43.8
  • Dividend Yield 0.05 %
  • ROCE 4.30 %
  • ROE 3.38 %
  • Face Value ₹ 10.0
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Pros

  • Debtor days have improved from 169 to 105 days.

Cons

  • Stock is trading at 7.40 times its book value
  • Company has a low return on equity of 9.80% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 26.2% of their holding.

* 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: Power Generation & Distribution Industry: Power Generation And Supply

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Half Yearly Results

Figures in Rs. Crores

Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022
85.29 70.42 67.62 22.32 57.30 35.05 37.27 20.59
80.17 66.82 63.89 20.79 55.49 34.02 36.45 18.70
Operating Profit 5.12 3.60 3.73 1.53 1.81 1.03 0.82 1.89
OPM % 6.00% 5.11% 5.52% 6.85% 3.16% 2.94% 2.20% 9.18%
0.12 0.15 0.23 0.24 0.12 0.17 0.21 -0.45
Interest 0.41 0.47 0.67 0.43 0.65 0.23 0.52 1.32
Depreciation 0.24 0.15 0.17 0.13 0.13 0.12 0.13 0.71
Profit before tax 4.59 3.13 3.12 1.21 1.15 0.85 0.38 -0.59
Tax % 27.89% 22.04% 35.26% 26.45% 31.30% 30.59% -5.26% 22.03%
Net Profit 3.31 2.43 2.02 0.89 0.79 0.59 0.40 -0.46
EPS in Rs 6.70 4.92 4.09 1.80 1.60 0.74 0.50 -0.58
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
6.34 46.35 34.00 101.19 149.09 137.92 79.61 72.24 57.86
6.00 45.22 31.99 95.51 141.18 130.57 76.28 70.38 55.15
Operating Profit 0.34 1.13 2.01 5.68 7.91 7.35 3.33 1.86 2.71
OPM % 5.36% 2.44% 5.91% 5.61% 5.31% 5.33% 4.18% 2.57% 4.68%
0.02 0.27 0.37 0.16 0.28 0.37 0.36 0.37 -0.24
Interest 0.19 0.64 0.61 0.80 0.80 1.15 1.08 0.75 1.84
Depreciation 0.03 0.18 0.41 0.65 0.58 0.33 0.26 0.25 0.84
Profit before tax 0.14 0.58 1.36 4.39 6.81 6.24 2.35 1.23 -0.21
Tax % 28.57% 31.03% 33.09% 27.79% 26.87% 28.69% 28.94% 19.51%
Net Profit 0.10 0.39 0.91 3.16 4.97 4.45 1.68 0.99 -0.06
EPS in Rs 1.22 2.60 4.09 6.40 10.06 9.01 3.40 1.24 -0.08
Dividend Payout % 0.00% 0.00% 0.00% 15.63% 0.00% 5.55% 8.82% 12.12%
Compounded Sales Growth
10 Years: %
5 Years: 16%
3 Years: -21%
TTM: -9%
Compounded Profit Growth
10 Years: %
5 Years: 2%
3 Years: -42%
TTM: -39%
Stock Price CAGR
10 Years: %
5 Years: 45%
3 Years: 123%
1 Year: 137%
Return on Equity
10 Years: %
5 Years: 16%
3 Years: 10%
Last Year: 3%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
0.82 1.50 2.23 4.94 4.94 4.94 4.94 8.00
Reserves 0.10 0.48 1.39 8.66 13.04 17.21 18.64 27.04
3.81 3.89 1.20 6.26 6.46 5.08 12.10 21.32
3.86 8.91 19.95 31.83 46.65 43.73 40.11 18.27
Total Liabilities 8.59 14.78 24.77 51.69 71.09 70.96 75.79 74.63
0.44 1.74 1.61 0.98 1.26 1.13 0.93 0.69
CWIP 0.00 0.00 0.00 0.00 0.02 0.00 0.00 24.08
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
8.15 13.04 23.16 50.71 69.81 69.83 74.86 49.86
Total Assets 8.59 14.78 24.77 51.69 71.09 70.96 75.79 74.63

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
1.24 -3.83 5.00 2.13 2.47 5.74
-0.08 -3.37 -2.96 -0.64 -0.67 -27.23
-0.35 5.86 -1.60 -1.55 -0.31 21.70
Net Cash Flow 0.81 -1.34 0.44 -0.05 1.49 0.21

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 278.64 75.20 180.89 136.89 136.07 147.33 254.92 104.84
Inventory Days
Days Payable
Cash Conversion Cycle 278.64 75.20 180.89 136.89 136.07 147.33 254.92 104.84
Working Capital Days 247.56 28.51 19.97 76.79 63.85 80.98 172.34 164.01
ROCE % 23.02% 36.86% 42.06% 34.36% 28.64% 10.65% 4.30%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents

Announcements

Annual reports

DRHP

Credit ratings