Solex Energy Ltd

₹ 119 -4.99%
30 Jun - close price
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]

  • Market Cap 95.1 Cr.
  • Current Price 119
  • High / Low 210 / 42.5
  • Stock P/E 96.1
  • Book Value 29.5
  • Dividend Yield 0.25 %
  • ROCE 5.55 %
  • ROE 4.20 %
  • Face Value 10.0

Pros

  • Promoter holding has increased by 27.15% over last quarter.

Cons

  • Stock is trading at 4.03 times its book value
  • Company has a low return on equity of 10.65% for last 3 years.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 26.22% of their holding.
  • Company has high debtors of 280.58 days.

* 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.

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

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
6.34 46.35 34.00 101.19 149.09 137.92 79.62 72.33
6.00 45.22 31.99 95.51 141.18 130.57 76.29 70.47
Operating Profit 0.34 1.13 2.01 5.68 7.91 7.35 3.33 1.86
OPM % 5.36% 2.44% 5.91% 5.61% 5.31% 5.33% 4.18% 2.57%
0.02 0.27 0.37 0.16 0.28 0.37 0.36 0.37
Interest 0.19 0.64 0.61 0.80 0.80 1.15 1.08 0.75
Depreciation 0.03 0.18 0.41 0.65 0.58 0.33 0.26 0.25
Profit before tax 0.14 0.58 1.36 4.39 6.81 6.24 2.35 1.23
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
EPS in Rs 1.22 2.60 4.09 6.40 10.06 9.01 3.40 1.24
Dividend Payout % 0.00% 0.00% 0.00% 15.63% 0.00% 5.55% 8.82% 0.00%
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: %
3 Years: 68%
1 Year: 121%
Return on Equity
10 Years: %
5 Years: 17%
3 Years: 11%
Last Year: 4%

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
Reserves 0.10 0.48 1.39 8.66 13.04 17.21 18.64
3.81 3.89 1.20 6.26 6.46 5.08 12.10
3.86 8.91 19.95 31.83 46.65 43.73 40.11
Total Liabilities 8.59 14.78 24.77 51.69 71.09 70.96 75.79
0.44 1.74 1.61 0.98 1.26 1.13 0.93
CWIP 0.00 0.00 0.00 0.00 0.02 0.00 0.00
Investments 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
Total Assets 8.59 14.78 24.77 51.69 71.09 70.96 75.79

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 75.20 180.89 136.89 136.07 147.33 254.89
Inventory Days
Days Payable
Cash Conversion Cycle 278.64 75.20 180.89 136.89 136.07 147.33 254.89
Working Capital Days 247.56 28.51 19.97 76.79 63.85 80.98 175.44
ROCE % 23.02% 36.86% 42.06% 34.36% 28.64% 10.65%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

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