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 ₹ 955 Cr.
- Current Price ₹ 884
- High / Low ₹ 1,787 / 631
- Stock P/E 45.4
- Book Value ₹ 122
- Dividend Yield 0.06 %
- ROCE %
- ROE %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 7.25 times its book value
- Promoter holding has decreased over last quarter: -4.51%
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|
| 162 | 366 | 546 | |
| 150 | 338 | 502 | |
| Operating Profit | 11 | 28 | 44 |
| OPM % | 7% | 8% | 8% |
| 3 | 2 | 2 | |
| Interest | 6 | 10 | 10 |
| Depreciation | 5 | 8 | 8 |
| Profit before tax | 4 | 12 | 27 |
| Tax % | 30% | 24% | |
| 3 | 9 | 21 | |
| EPS in Rs | 2.71 | 8.73 | 20.06 |
| Dividend Payout % | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 126% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 222% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 121% |
| 3 Years: | 77% |
| 1 Year: | -6% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| Equity Capital | ||
| Reserves | ||
| Total Liabilities | ||
| CWIP | ||
| Investments | ||
| Total Assets |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| Net Cash Flow |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| Debtor Days | ||
| Inventory Days | ||
| Days Payable | ||
| Cash Conversion Cycle | ||
| Working Capital Days | ||
| ROCE % |
Documents
Announcements
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Disclosure under SEBI Takeover Regulations
19 April 2025 - Promoter declares no new encumbrance on shares for FY ending March 31, 2025.
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
15 April 2025 - Exemption from corporate governance provisions due to SME Exchange listing.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
14 April 2025 - Confirmation certificate for dematerialization of shares for March 2025 quarter.
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Shareholders meeting
9 April 2025 - Postal ballot results: office moved to Surat, three independent directors appointed, borrowing limit increased
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Press Release
8 April 2025 - 2.2GW solar module capacity expansion with ₹2bn investment, total capacity reaching 4GW
Annual reports
Concalls
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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