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 ₹ 2,004 Cr.
- Current Price ₹ 819
- High / Low ₹ 1,132 / 235
- Stock P/E 49.8
- Book Value ₹ 63.9
- Dividend Yield 0.00 %
- ROCE 28.5 %
- ROE 27.2 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 12.8 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%
- Debtor days have increased from 48.4 to 63.9 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.
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 | TTM | |
|---|---|---|---|---|---|---|
| 92 | 138 | 153 | 183 | 404 | 465 | |
| 86 | 130 | 149 | 172 | 368 | 405 | |
| Operating Profit | 6 | 8 | 4 | 11 | 37 | 60 |
| OPM % | 7% | 6% | 2% | 6% | 9% | 13% |
| 2 | 1 | 3 | 1 | 8 | 6 | |
| Interest | 4 | 4 | 4 | 5 | 6 | 5 |
| Depreciation | 2 | 2 | 3 | 2 | 3 | 4 |
| Profit before tax | 3 | 3 | 0 | 5 | 36 | 56 |
| Tax % | 3% | 8% | 36% | 28% | 20% | |
| 3 | 3 | 0 | 4 | 29 | 44 | |
| EPS in Rs | 11.87 | 18.01 | ||||
| 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: | 519% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 17% |
| Last Year: | 27% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 24 | 24 |
| Reserves | 27 | 29 | 30 | 33 | 107 | 132 |
| 19 | 28 | 20 | 40 | 36 | 33 | |
| 22 | 30 | 34 | 35 | 50 | 74 | |
| Total Liabilities | 74 | 93 | 89 | 114 | 217 | 263 |
| 19 | 20 | 17 | 15 | 27 | 51 | |
| CWIP | 0 | 1 | 2 | 4 | 0 | 0 |
| Investments | 5 | 5 | 4 | 4 | 6 | 6 |
| 49 | 68 | 66 | 90 | 184 | 206 | |
| Total Assets | 74 | 93 | 89 | 114 | 217 | 263 |
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 | 64 |
| Inventory Days | 53 | 69 | 91 | 94 | 42 |
| Days Payable | 79 | 68 | 56 | 53 | 40 |
| Cash Conversion Cycle | 61 | 47 | 73 | 84 | 67 |
| Working Capital Days | 79 | 64 | 63 | 86 | 77 |
| ROCE % | 12% | 7% | 15% | 28% |
Documents
Announcements
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Statement of deviation(s) or variation(s) under Reg. 32
14 November 2024 - Alpex Solar Limited has informed about statement of deviation(s) or variation(s) under Reg. 32
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Outcome of Board Meeting
12 November 2024 - Alpex Solar Limited has informed regarding Board meeting held on November 12, 2024.
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Financial Result Updates
12 November 2024 - Alpex Solar Limited has submitted to the Exchange, the financial results for the period ended September 30, 2024.
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Related Party Transactions
12 November 2024 - Alpex Solar Limited has informed about related Party Transactions
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Investor Presentation
8 November 2024 - Alpex Solar Limited has informed about Investor Presentation
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
Company has 450 MW of manufacturing capacity of PV Solar Panels.