Alpex Solar Ltd

Alpex Solar Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Alpex Solar Ltd

₹ 1,033 5.00%
02 Jul - close price
Company website NSE - SME: ALPEXSOLAR
About

Incorporated in August 1993, Alpex Solar Limited is a manufacturer of Solar panels using monocrystalline and polycrystalline cell technologies.[1]

Key Points

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

Website NSE - SM
  • Market Cap ₹ 2,528 Cr.
  • Current Price ₹ 1,033
  • High / Low ₹ 1,055 / 235
  • Stock P/E 112
  • Book Value ₹ 53.5
  • Dividend Yield 0.00 %
  • ROCE 39.3 %
  • ROE 54.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Debtor days have improved from 29.6 to 16.5 days.
  • Company's working capital requirements have reduced from 73.3 days to 45.4 days

Cons

  • Stock is trading at 19.3 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

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Half Yearly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2023 Mar 2024
213 200
199 177
Operating Profit 14 23
OPM % 7% 11%
0 6
Interest 3 3
Depreciation 1 2
Profit before tax 10 24
Tax % 24% 21%
8 19
EPS in Rs 7.74
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
98 149 166 195 413
91 140 161 183 376
Operating Profit 7 9 5 12 37
OPM % 7% 6% 3% 6% 9%
2 1 2 1 6
Interest 4 4 4 5 6
Depreciation 2 2 3 2 3
Profit before tax 3 4 0 5 34
Tax % 5% 9% 39% 29% 22%
3 3 0 4 27
EPS in Rs 10.86
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 41%
TTM: 112%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 96%
TTM: 498%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 22%
Last Year: 55%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 6 6 6 6 24
Reserves 29 31 32 35 106
20 30 27 47 36
23 32 36 37 50
Total Liabilities 78 99 100 126 217
13 20 17 17 27
CWIP 7 1 2 4 0
Investments 5 4 4 3 6
53 75 77 100 184
Total Assets 78 99 100 126 217

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
7 2 -1 -7 -5
-1 -8 6 -9 -17
-6 7 -6 17 46
Net Cash Flow 1 0 -1 2 23

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 57 35 37 35
Inventory Days 94 93 110 115
Days Payable 79 69 56 53
Cash Conversion Cycle 73 58 91 97
Working Capital Days 82 69 78 96
ROCE % 13% 7% 14%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2024
68.76%
4.86%
1.82%
24.55%
No. of Shareholders 2,224

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

No data available.

Credit ratings