Alpex Solar

Why is Alpex Solar Ltd falling/rising?

As of 08-Aug, Alpex Solar Ltd's stock price is declining at 803.95, down 1.38%, and has underperformed against the Sensex, which rose by 0.77%. The stock's bearish trend is indicated by its consistent trading below moving averages and a significant annual return of -35.54%, compounded by a lack of institutional investment.

As of 08-Aug, Alpex Solar Ltd's stock price is falling, currently at 803.95, reflecting a decrease of 11.25 or 1.38%. This decline is evident in its performance metrics, as the stock has underperformed against the benchmark Sensex, which has increased by 0.77% over the past week, while Alpex Solar has dropped by 3.03%. Additionally, the stock has consistently traded lower than its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend.<BR><BR>Despite some positive factors, such as a strong ability to service debt with a low Debt to EBITDA ratio of 1.39 times and impressive growth in net sales and operating profit, the stock's overall performance has been disappointing. Over the past year, it has generated a return of -35.54%, significantly underperforming the broader market. Furthermore, the lack of investment from domestic mutual funds, which hold 0% of the company, suggests a lack of confidence in the stock's valuation or business prospects.<BR><BR>Overall, the combination of underperformance in both the short and long term, along with the absence of institutional support, contributes to the downward pressure on Alpex Solar Ltd's stock price.

Which are the latest news on Alpex Solar?

Should I buy, sell or hold Alpex Solar Ltd?

What does Alpex Solar do?

Alpex Solar Ltd, a small-cap company in the Other Electrical Equipment industry, focuses on solar energy solutions. As of March 2026, it reported net sales of 672 Cr and a net profit of 53 Cr, with a market cap of INR 2,485 Cr.

Overview: <BR>Alpex Solar Ltd operates in the Other Electrical Equipment industry and is classified as a Small Cap company.<BR><BR>History: <BR>Alpex Solar Ltd was originally incorporated on August 27, 1993, as "Alpex Exports Private Limited." The company changed its name to "Alpex Solar Private Limited" on September 07, 2017. The most recent quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot: <BR>Net Sales: 672 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 53 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 2,485 Cr (Small Cap)<BR><BR>Key Metrics: <BR>P/E: 12.00 <BR>Industry P/E: 58 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.69 <BR>Return on Equity: 36.16% <BR>Price to Book: 4.42<BR><BR>Contact Details: <BR>No Company Details Available <BR>Registrar Address: Not available.

How big is Alpex Solar?

As of 10th June, Alpex Solar Ltd has a market capitalization of 2,485.00 Cr, with recent net sales of 2,223.28 Cr and a net profit of 202.49 Cr.

As of 10th June, Alpex Solar Ltd has a market capitalization of 2,485.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, Alpex Solar reported Net Sales of 2,223.28 Cr and a Net Profit of 202.49 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 216.41 Cr and Total Assets of 470.38 Cr.

Who are the peers of the Alpex Solar?

Alpex Solar's peers include Shilchar Tech., Websol Energy, Ram Ratna Wires, Bharat Bijlee, and others. In terms of management risk, growth, and capital structure, Alpex Solar is rated average, with a 1-year return of -5.64%.

Peers: The peers of Alpex Solar are Shilchar Tech., Websol Energy, Ram Ratna Wires, Bharat Bijlee, Spectrum Electr., HPL Electric, Servotech Renew, Rishabh Instrum., Marsons, and Yash Highvoltage.<BR><BR>Quality Snapshot: Excellent management risk is observed at Shilchar Tech., Bharat Bijlee, and Yash Highvoltage, while Average management risk is found at Websol Energy, Ram Ratna Wires, Spectrum Electr., Alpex Solar, HPL Electric, and Servotech Renew, and Below Average management risk is noted at Rishabh Instrum. and Marsons. For Growth, Excellent growth is seen at Shilchar Tech., Websol Energy, Ram Ratna Wires, Bharat Bijlee, Alpex Solar, Servotech Renew, and Yash Highvoltage, while Good growth is found at Spectrum Electr. and Average growth at HPL Electric. Capital Structure ratings show Excellent at Shilchar Tech., Bharat Bijlee, and Alpex Solar, Good at Websol Energy and Servotech Renew, Average at Ram Ratna Wires and Spectrum Electr., and Below Average at HPL Electric and Marsons.<BR><BR>Return Snapshot: Rishabh Instrum. has the highest 1-year return at 76.21%, while HPL Electric has the lowest at -38.60%. Alpex Solar's 1-year return is -5.64%, which is higher than HPL Electric's but lower than Rishabh Instrum.'s. Additionally, HPL Electric and Servotech Renew have negative six-month returns.

Are Alpex Solar Ltd latest results good or bad?

Alpex Solar Ltd's latest results show strong revenue growth with net sales up 105.25% year-on-year, but profitability is declining, with a slight drop in net profit and a decrease in profit margins. While revenue growth is positive, the challenges in maintaining profitability may raise concerns for investors.

Alpex Solar Ltd's latest results present a mixed picture. On one hand, the company achieved impressive revenue growth, with net sales reaching ₹671.96 crores in Q4 FY26, marking a 105.25% increase year-on-year and a 3.68% rise quarter-on-quarter. This indicates strong market penetration and demand for its solar equipment.<BR><BR>However, the profitability metrics tell a different story. The net profit for the quarter was ₹53.27 crores, which reflects a slight decline of 1.84% compared to the previous quarter, although it is up 50.82% year-on-year. More concerning is the compression of the PAT margin, which fell to 7.93% from 8.37% in the previous quarter and 10.79% a year ago. This trend suggests that while the company is growing its top line, it is facing challenges in maintaining profitability, likely due to competitive pressures and rising costs.<BR><BR>Overall, while the revenue growth is commendable, the declining margins and profitability raise concerns about the sustainability of this growth. Investors may need to weigh these factors carefully when assessing the company's performance.

Is Alpex Solar technically bullish or bearish?

As of December 2, 2025, the technical trend has shifted to a moderately bearish stance, supported by weekly indicators like the MACD and Dow Theory, despite some mildly bullish signals from daily moving averages.

As of 2 December 2025, the technical trend has changed from mildly bullish to sideways. The current technical stance is bearish, albeit with some mixed signals. The weekly MACD indicates a mildly bearish trend, and the Bollinger Bands are also showing a bearish outlook. The KST and Dow Theory both confirm a mildly bearish stance on the weekly timeframe. Although the daily moving averages are mildly bullish, they are not strong enough to offset the bearish indicators present in the weekly analysis. Overall, the strength of the bearish sentiment is moderate, driven primarily by the weekly MACD and Dow Theory.

How has been the historical performance of Alpex Solar?

Alpex Solar has shown significant growth over the past four years, with net sales increasing from 165.56 Cr in Mar'22 to 780.15 Cr in Mar'25, and profit after tax rising from 0.25 Cr to 83.50 Cr. The company's operational efficiency improved, reflected in a surge in operating profit and positive cash flow from operating activities.

Answer:<BR>The historical performance of Alpex Solar shows significant growth in various financial metrics over the past four years.<BR><BR>Breakdown:<BR>Alpex Solar has demonstrated impressive growth in net sales, increasing from 165.56 Cr in Mar'22 to 780.15 Cr in Mar'25. This upward trend is reflected in total operating income, which rose from 165.56 Cr in Mar'22 to 780.15 Cr in Mar'25. The company's total expenditure also increased, reaching 654.86 Cr in Mar'25, up from 161.56 Cr in Mar'22, primarily driven by rising raw material costs. Operating profit (PBDIT) surged from 6.97 Cr in Mar'22 to 128.15 Cr in Mar'25, indicating improved operational efficiency. Profit before tax followed suit, climbing from 0.37 Cr in Mar'22 to 112.33 Cr in Mar'25, while profit after tax increased from 0.25 Cr to 83.50 Cr in the same period. The earnings per share (EPS) also saw a remarkable rise, reaching 34.12 in Mar'25 from just 0.32 in Mar'22. On the balance sheet, total assets grew significantly from 100.04 Cr in Mar'22 to 470.38 Cr in Mar'25, alongside total liabilities which increased from 100.04 Cr to 470.38 Cr. Cash flow from operating activities improved to 68.00 Cr in Mar'25, compared to a negative cash flow in previous years, showcasing a positive shift in cash generation. Overall, Alpex Solar's financial performance reflects a robust growth trajectory across multiple dimensions.

Is Alpex Solar overvalued or undervalued?

As of November 20, 2025, Alpex Solar is considered expensive with high valuation ratios, including a PE of 37.20, despite outperforming the Sensex with a 42.29% year-to-date return, indicating caution for potential investors.

As of 20 November 2025, Alpex Solar's valuation grade has moved from very expensive to expensive, indicating a slight improvement in perceived value. The company is currently considered overvalued based on its high valuation ratios. The PE ratio stands at 37.20, while the Price to Book Value is 6.51, and the EV to EBITDA is 25.07, all of which are significantly above industry norms.<BR><BR>In comparison to its peers, Alpex Solar's PE ratio is lower than that of Siemens Energy Industries, which has a PE of 121.45, and ABB at 61.75, but remains high relative to BHEL at 177.83. The PEG ratio of 0.15 suggests that the stock may be undervalued in terms of growth, yet the overall high valuation metrics indicate that it is overvalued. Notably, while Alpex Solar has outperformed the Sensex with a year-to-date return of 42.29% compared to the Sensex's 10.77%, the current valuation metrics suggest caution for potential investors.

Who are the top shareholders of the Alpex Solar?

The top shareholders of Alpex Solar include Ashwani Sehgal, who owns 22.85%, and individual investors with a collective 24.11%. Additionally, 7 foreign institutional investors hold 1.48%, while the highest public shareholder is Bhagwati Charan R Sikka with 2.47%.

The top shareholders of Alpex Solar include the promoters, who hold the majority of the shares. The promoter with the highest holding is Ashwani Sehgal, who owns 22.85% of the company. Additionally, individual investors collectively hold 24.11% of the shares. In terms of institutional investors, there are 7 foreign institutional investors (FIIs) that hold a total of 1.48%. The highest public shareholder is Bhagwati Charan R Sikka, with a holding of 2.47%. There are no mutual funds currently holding shares in Alpex Solar.

When is the next results date for Alpex Solar?

No Upcoming Board Meetings

Has Alpex Solar declared dividend?

No Dividend History Available