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.
Peer comparison
Sector: Power Generation & Distribution Industry: Power Generation And Supply
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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 |