Alpex Solar Ltd
Incorporated in August 1993, Alpex Solar Limited is a manufacturer of Solar panels using monocrystalline and polycrystalline cell technologies.[1]
- Market Cap ₹ 2,115 Cr.
- Current Price ₹ 864
- High / Low ₹ 1,132 / 235
- Stock P/E 90.9
- Book Value ₹ 53.6
- Dividend Yield 0.00 %
- ROCE 44.2 %
- ROE 59.2 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 33.5 to 19.4 days.
- Company's working capital requirements have reduced from 62.8 days to 39.0 days
Cons
- Stock is trading at 16.1 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -24.8%
* 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 92 | 138 | 153 | 183 | 404 | |
| 86 | 130 | 149 | 172 | 368 | |
| Operating Profit | 6 | 8 | 4 | 11 | 37 |
| OPM % | 7% | 6% | 2% | 6% | 9% |
| 2 | 1 | 3 | 1 | 8 | |
| Interest | 4 | 4 | 4 | 5 | 6 |
| Depreciation | 2 | 2 | 3 | 2 | 3 |
| Profit before tax | 3 | 3 | 0 | 5 | 36 |
| Tax % | 3% | 8% | 36% | 28% | 20% |
| 3 | 3 | 0 | 4 | 29 | |
| EPS in Rs | 11.87 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 43% |
| TTM: | 121% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 106% |
| TTM: | 521% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 23% |
| Last Year: | 59% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 24 |
| Reserves | 27 | 29 | 30 | 33 | 107 |
| 19 | 28 | 20 | 40 | 36 | |
| 22 | 30 | 34 | 35 | 50 | |
| Total Liabilities | 74 | 93 | 89 | 114 | 217 |
| 19 | 20 | 17 | 15 | 27 | |
| CWIP | 0 | 1 | 2 | 4 | 0 |
| Investments | 5 | 5 | 4 | 4 | 6 |
| 49 | 68 | 66 | 90 | 184 | |
| Total Assets | 74 | 93 | 89 | 114 | 217 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 7 | 2 | 4 | -8 | -14 | |
| -0 | -4 | 6 | -7 | -16 | |
| -6 | 2 | -11 | 17 | 53 | |
| Net Cash Flow | 1 | 0 | -1 | 1 | 24 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 87 | 46 | 38 | 43 | |
| Inventory Days | 53 | 69 | 91 | 94 | |
| Days Payable | 79 | 68 | 56 | 53 | |
| Cash Conversion Cycle | 61 | 47 | 73 | 84 | |
| Working Capital Days | 79 | 64 | 63 | 86 | |
| ROCE % | 12% | 7% | 15% |
Documents
Announcements
No data available.
Annual reports
No data available.
Concalls
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Jul 2024TranscriptNotesPPT
Business Division
A) Manufacture Solar Photovoltaic (PV) module.[1]
Co. manufactures Solar Photovoltaic cells and Solar PV modules under this division. It manufactures and delivers solar panels in the B2B space and also serves as a contract manufacturer for several large companies, including Luminous, Jakson, and Tata Power