Solex Energy Ltd
Incorporated in 1995, Solex Energy Ltd manufactures solar photo-voltaic cells and modules and is also in the Engineering, Procurement and Construction in the solar energy market[1]
- Market Cap ₹ 1,487 Cr.
- Current Price ₹ 1,376
- High / Low ₹ 1,787 / 631
- Stock P/E 35.4
- Book Value ₹ 149
- Dividend Yield 0.04 %
- ROCE 29.9 %
- ROE 40.6 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 9.26 times its book value
- Promoter holding has decreased over last 3 years: -4.50%
* 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
Industrials Capital Goods Electrical Equipment Heavy Electrical Equipment
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 162 | 366 | 662 | |
| 150 | 337 | 589 | |
| Operating Profit | 11 | 28 | 73 |
| OPM % | 7% | 8% | 11% |
| 3 | 2 | 4 | |
| Interest | 6 | 10 | 11 |
| Depreciation | 5 | 8 | 9 |
| Profit before tax | 4 | 12 | 57 |
| Tax % | 30% | 24% | 25% |
| 3 | 9 | 43 | |
| EPS in Rs | 2.71 | 8.73 | 38.91 |
| Dividend Payout % | 0% | 5% | 1% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 81% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 381% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 129% |
| 3 Years: | 63% |
| 1 Year: | 7% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 41% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Equity Capital | 8 | 11 | |
| Reserves | 38 | 150 | |
| 96 | 148 | ||
| 70 | 172 | ||
| Total Liabilities | 212 | 480 | |
| 54 | 110 | ||
| CWIP | 0 | 2 | |
| Investments | 14 | 2 | |
| 143 | 366 | ||
| Total Assets | 212 | 480 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 2 | -47 | ||
| -21 | -54 | ||
| 20 | 113 | ||
| Net Cash Flow | 0 | 12 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 47 | 64 | |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 47 | 64 | |
| Working Capital Days | 23 | 57 | |
| ROCE % | 30% |
Documents
Announcements
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Copy of Newspaper Publication
4 September 2025 - 11th AGM on 29 Sep 2025 at 11:00 AM via VC; e‑voting and book‑closure notice.
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General Updates
3 September 2025 - Physical letters sent Sept 3, 2025 for AGM on Sept 29, 2025; Annual Report web-link provided.
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Record Date
3 September 2025 - AGM on 29 Sep 2025; dividend Rs0.55/share; approve Rs50Cr loans/guarantees; revise CMD pay to Rs30 lakh/month.
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Shareholders meeting
3 September 2025 - AGM on 29 Sep 2025; recommend dividend Rs0.55; record date Sep 22; approve RPT/loans/guarantees up to Rs50 crore.
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Copy of Newspaper Publication
3 September 2025 - Solex Energy Limited has informed about Copy of Newspaper Publication
Annual reports
Concalls
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May 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Nov 2024TranscriptNotesPPTREC
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Jun 2024Transcript PPT REC
Business Overview:[1][2]
SEL specializes in renewable energy solutions and manufactures Solar Photovoltaic (PV) Module and solar home lighting systems in India. Its operations include turnkey projects, spanning Residential Rooftop, Commercial, Industrial, and Utility Ventures. Company is engaged in OEM and ODM partnerships with Indian and International entities for module production under their brand names.