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Solex Energy Limited share price

Solex Energy Limited manufactures and sells solar photovoltaic modules in India. It provides solar turnkey solutions for solar power plants, solar water pumps, and utility scale ground mounted solar power plants, as well as engineering, procurement, and construction services for the solar energy market. The company also offers solar rooftop systems, off-grid power plants, solar grid-connected systems, solar home and street light systems, solar water pumps, and custom solar solutions. It serves government, real estate, agriculture, manufacturing, healthcare, hospitality, residential societies, banking institutions, educational institutes, transport and logistics, media and entertainment, and…Read more
TechnologySolarNSE: SOLEXISIN INE880Y01017
16 Oct 2026, 3:29 PM IST₹625.10▼ 7.45 (1.18%)
  • Market Cap₹ 675 Cr.
  • Current Price₹ 625.10
  • High / Low₹ 1,985 / 620
  • Stock P/E8.4
  • Book Value₹ 234
  • Dividend Yield0.09 %
  • ROCE30.5 %
  • ROE46.80 %
  • Face Value₹ 10.0
More figures (10)
  • EPS (TTM)₹ 74.78
  • Price / Book2.67
  • OPM9.9 %
  • Debt / Equity1.34
  • Sales growth (4Y)115.5 %
  • Profit growth (4Y)228.4 %
  • Promoter holding—
  • EV / EBITDA5.3
  • Beta-0.36
  • All-time high₹ 1,985

Price chart

Returns1M3M6MYTD1Y3Y CAGR5Y CAGR
SOLEX-4.95%-37.18%-51.55%-49.53%-55.57%+5.07%+65.16%
Nifty 50-0.31%-3.85%-4.34%-11.42%-9.53%+5.46%+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

  • Solex Energy Limited is in the Solar industry (Technology), with a market value of ₹675 crore.
  • It trades at 8.4 times its last 12 months' earnings and 2.7 times book value.
  • Revenue grew 115.5% a year over the last 4 years, profit 228.4% a year.
  • Return on equity was 46.8% and return on capital employed 30.5% in the latest year.
  • Debt was 1.34 times shareholders' equity.
  • The share price is 68.5% below its 52-week high and down 55.6% over one year.

Pros

  • Strong return on equity: 36.1% on average over the last 3 years.
  • Trades at 8.4 times earnings, below its 3-year median of 26.5.

Cons

  • Borrowings are high at 1.34 times shareholders' equity.
  • Promoter holding has fallen by 4.50 points over 3 years, to 66.15%.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About Solex Energy Limited

Solex Energy Limited manufactures and sells solar photovoltaic modules in India. It provides solar turnkey solutions for solar power plants, solar water pumps, and utility scale ground mounted solar power plants, as well as engineering, procurement, and construction services for the solar energy market. The company also offers solar rooftop systems, off-grid power plants, solar grid-connected systems, solar home and street light systems, solar water pumps, and custom solar solutions. It serves government, real estate, agriculture, manufacturing, healthcare, hospitality, residential societies, banking institutions, educational institutes, transport and logistics, media and entertainment, and telecom and communications industries. Solex Energy Limited was founded in 1995 and is based in Surat, India.

Employees
1,400
Head office
Surat

Peer comparison

TechnologySolar

S.No.CompanyCMP ₹P/EMar Cap ₹ CrDiv Yld %NP Qtr ₹ CrQtr Profit Var %Sales Qtr ₹ CrQtr Sales Var %ROCE %
1.Solex Energy625.108.46750.098—261—30.5
2.Waaree Energies2,565.4019.473,7940.1685037.377,93298.1030.1
3.Premier Energies901.0524.240,6870.0847253.322,46335.2527.4
4.Emmvee Photovoltaic Power277.2013.319,1920.35380102.631,55651.3434.5
5.Fujiyama Power Systems394.9040.112,1200.0058—1,346—28.9
6.Borosil Renewables428.5015.76,3070.0087—40617.069.5
7.Vikram Solar144.0014.35,2180.0020-85.171,56337.8920.5
8.Saatvik Green Energy396.7529.45,0430.005-95.49511-44.2030.8
9.Sterling and Wilson Renewable Energy165.47—3,8640.0054-2.091,590-36.88-10.5
10.Ravindra Energy141.2252.32,8040.002-92.82120-26.2410.5
Median: 14 Co.395.8319.44,4540.0056-2.091,45126.1528.2

Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.

Quarterly Results

Consolidated figures in ₹ crore /

₹ CrSep 2025Dec 2025Mar 2026Jun 2026
Sales155318886261
136292787232
Operating Profit19269829
OPM %12%8%11%11%
-0205
Interest691012
Depreciation461010
Profit before tax8127811
27%26%25%26%
69598
EPS in Rs27.208.0753.617.39
Raw filing

Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Consolidated figures in ₹ crore /

₹ CrMar 2025Mar 2026TTM
6621,6181,619
5981,4341,448
Operating Profit64184172
OPM %10%11%11%
436
Interest113138
Depreciation2531
Profit before tax57131109
25%25%25%
9882
EPS in Rs43.8288.8896.27
Dividend Payout %1%

Compounded Sales Growth

TTM:
0%

Compounded Profit Growth

TTM:
0%

Stock Price CAGR

5 Years:
65%
3 Years:
5%
1 Year:
-56%

Return on Equity

4 Years:
29%
Last Year:
47%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ CrMar 2023Mar 2024Mar 2025Mar 2026
Equity Capital881111
Reserves3038147242
6696174339
3770166590
Total Liabilities1412124981,181
5554136348
CWIP10311
85157359822
Total Assets1412124981,181

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ CrMar 2023Mar 2024Mar 2025Mar 2026
-62-40201
-35-21-58-225
412011189
Net Cash Flow-001264
Free Cash Flow-41-6-1077

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

RatioMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE—7.2%20.8%40.7%46.8%
ROCE—9.9%20.5%26.8%30.5%
Operating margin—5.5%5.7%10.2%9.9%
Net margin—1.7%2.4%6.3%5.9%
Debt / equity—1.752.081.101.34
Current ratio—1.521.311.461.23
Debtor days—68476380
Inventory days—807712278
Days payable—736262123
Cash conversion cycle—756212335
Working capital days—64356135

Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

  • Promoters 66.15%
  • FIIs 0.32%
  • DIIs 0.28%
  • Public 33.25%
%Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters70.65%70.65%70.65%70.65%70.66%66.15%66.15%66.15%66.15%66.15%66.15%66.15%
0.03%0.01%0.09%0.25%0.13%0.07%0.32%
1.10%0.89%0.79%1.02%0.98%0.81%0.51%0.28%
29.36%29.35%29.35%29.35%28.24%32.94%33.06%32.75%32.63%32.91%33.26%33.25%
No. of Shareholders3083035679171,4022,2692,9173,0075,4277,02710,38213,263

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Documents

Announcements

All announcements on NSE →

Concalls & investor meets

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Ex-dividend date
15 Sep 2026
Latest quarter
30 Jun 2026
Financial year end
31 Mar 2026

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Open a trading & demat account through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539; NSE AP0153037862, BSE AP01095201177059). Execution and service only: no tips or research.

Latest news

In the news

From the company (NSE)

Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.

Questions about Solex Energy Limited

What is the share price of Solex Energy Limited today?
Solex Energy Limited (SOLEX) last traded at ₹625.10 on NSE (16 Oct 2026, 3:29 PM IST). Prices may be delayed.
What is the market cap of Solex Energy Limited?
About ₹675 crore at the latest price.
What is the P/E ratio of Solex Energy Limited?
About 8.4 times its earnings over the last 12 months.
Is Solex Energy Limited a good investment?
We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.
How can I buy Solex Energy Limited shares?
You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.
Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).
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