Solex Energy Ltd
Solex Energy Ltd is engaged in manufacturing of solar panels and other renewable energy devices and installation of system on EPC basis.[1]
- Market Cap ₹ 1,304 Cr.
- Current Price ₹ 1,630
- High / Low ₹ 1,694 / 415
- Stock P/E 149
- Book Value ₹ 57.8
- Dividend Yield 0.01 %
- ROCE 21.3 %
- ROE 23.2 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 68.0 to 30.2 days.
- Company's working capital requirements have reduced from 109 days to 50.0 days
Cons
- Stock is trading at 28.2 times its book value
- Company has a low return on equity of 12.0% over last 3 years.
* 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
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
6 | 46 | 34 | 101 | 149 | 138 | 80 | 72 | 161 | 366 | |
6 | 45 | 32 | 96 | 141 | 131 | 76 | 70 | 150 | 338 | |
Operating Profit | 0 | 1 | 2 | 6 | 8 | 7 | 3 | 2 | 11 | 28 |
OPM % | 5% | 2% | 6% | 6% | 5% | 5% | 4% | 3% | 7% | 8% |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 2 | |
Interest | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 6 | 10 |
Depreciation | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 5 | 8 |
Profit before tax | 0 | 1 | 1 | 4 | 7 | 6 | 2 | 1 | 4 | 12 |
Tax % | 29% | 31% | 33% | 28% | 27% | 29% | 29% | 20% | 30% | 24% |
0 | 0 | 1 | 3 | 5 | 4 | 2 | 1 | 3 | 9 | |
EPS in Rs | 1.22 | 2.60 | 4.09 | 6.40 | 10.06 | 9.01 | 3.40 | 1.24 | 3.39 | 10.91 |
Dividend Payout % | 0% | 0% | 0% | 16% | 0% | 6% | 9% | 12% | 4% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 20% |
3 Years: | 66% |
TTM: | 127% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 75% |
TTM: | 222% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 126% |
3 Years: | 218% |
1 Year: | 159% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 13% |
3 Years: | 12% |
Last Year: | 23% |
Balance Sheet
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1 | 2 | 2 | 5 | 5 | 5 | 5 | 8 | 8 | 8 |
Reserves | 0 | 0 | 1 | 9 | 13 | 17 | 19 | 27 | 30 | 38 |
4 | 4 | 1 | 6 | 6 | 5 | 12 | 19 | 66 | 96 | |
4 | 9 | 20 | 32 | 47 | 44 | 40 | 18 | 37 | 70 | |
Total Liabilities | 9 | 15 | 25 | 52 | 71 | 71 | 76 | 73 | 141 | 212 |
0 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 55 | 55 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24 | 1 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15 |
8 | 13 | 23 | 51 | 70 | 70 | 75 | 48 | 85 | 143 | |
Total Assets | 9 | 15 | 25 | 52 | 71 | 71 | 76 | 73 | 141 | 212 |
Cash Flows
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
1 | -4 | 5 | 2 | 2 | 4 | 21 | 2 | |||
-0 | -3 | -3 | -1 | -1 | -27 | -47 | -21 | |||
-0 | 6 | -2 | -2 | -0 | 22 | 26 | 20 | |||
Net Cash Flow | 1 | -1 | 0 | -0 | 1 | -2 | -0 | 0 |
Ratios
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 279 | 75 | 181 | 137 | 136 | 147 | 255 | 105 | 68 | |
Inventory Days | ||||||||||
Days Payable | ||||||||||
Cash Conversion Cycle | 279 | 75 | 181 | 137 | 136 | 147 | 255 | 105 | 68 | |
Working Capital Days | 248 | 29 | 20 | 77 | 64 | 81 | 172 | 165 | 113 | |
ROCE % | 23% | 37% | 42% | 34% | 29% | 11% | 4% | 12% |
Documents
Announcements
-
Analysts/Institutional Investor Meet/Con. Call Updates
23 July 2024 - Solex Energy Limited has informed about Schedule of meet
-
Alteration Of Capital and Fund Raising-XBRL
22 July 2024 - SOLEX ENERGY LIMITED has informed regarding Allotment of Securities
-
Updates
20 July 2024 - Solex Energy Limited has informed regarding 'Receipt of Work Order -Intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015'.
-
Updates
20 July 2024 - Solex Energy Limited has informed regarding 'Receipt of Work Order -Intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015'.
-
Updates
20 July 2024 - Solex Energy Limited has informed regarding 'Receipt of Work Order -Intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015'.
Annual reports
Concalls
-
Jun 2024Transcript PPT REC
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]