Solex Energy Ltd

About

Solex Energy is a leading Manufacturer of Solex PV module in India.

  • Market Cap 15.9 Cr.
  • Current Price 32.2
  • High / Low 35.8 / 19.2
  • Stock P/E 3.56
  • Book Value 44.8
  • Dividend Yield 1.56 %
  • ROCE 28.6 %
  • ROE 22.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.72 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.31%

Cons

  • Contingent liabilities of Rs.9.47 Cr.
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Quarterly Results

Figures in Rs. Crores

Operating Profit
OPM %
Other Income
Interest
Depreciation
Profit before tax
Tax %
Net Profit
EPS in Rs

Profit & Loss

Figures in Rs. Crores

Mar 2017 Mar 2018 Mar 2019 Mar 2020
34 101 149 138
32 96 141 131
Operating Profit 2 6 8 7
OPM % 6% 6% 5% 5%
Other Income 0 0 0 0
Interest 1 1 1 1
Depreciation 0 1 1 0
Profit before tax 1 4 7 6
Tax % 33% 28% 27% 29%
Net Profit 1 3 5 4
EPS in Rs 4.09 6.40 10.06 9.01
Dividend Payout % 0% 16% 0% 6%
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:59%
TTM:-7%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:70%
TTM:-10%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:24%
Return on Equity
10 Years:%
5 Years:%
3 Years:28%
Last Year:22%

Balance Sheet

Figures in Rs. Crores

Mar 2017 Mar 2018 Mar 2019 Mar 2020
2 5 5 5
Reserves 1 9 13 17
Borrowings 1 6 6 5
20 32 47 44
Total Liabilities 25 52 71 71
2 1 1 1
CWIP 0 0 0 0
Investments 0 0 0 0
23 51 70 70
Total Assets 25 52 71 71

Cash Flows

Figures in Rs. Crores

Mar 2017 Mar 2018 Mar 2019 Mar 2020
1 -4 5 2
-0 -3 -3 -1
-0 6 -2 -2
Net Cash Flow 1 -1 0 -0

Ratios

Figures in Rs. Crores

Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 42% 34% 29%
Debtor Days 181 137 136 147
Inventory Turnover 18.53 20.04 21.25

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents