ScoreWhy is Alpex Solar Ltd ?
1
Strong ability to service debt as the company has a low Debt to EBITDA ratio of 1.39 times
2
Healthy long term growth as Net Sales has grown by an annual rate of 74.20% and Operating profit at 117.52%
3
The company has declared Positive results for the last 5 consecutive quarters
- NET SALES(9M) Higher at Rs 1,842.96 cr
- PAT(9M) Higher at Rs 160.86 Cr
4
With ROCE of 31.2, it has a Attractive valuation with a 2.9 Enterprise value to Capital Employed
- Over the past year, while the stock has generated a return of -100.00%, its profits have risen by 147% ; the PEG ratio of the company is 0.1
5
Despite the size of the company, domestic mutual funds hold only 0% of the company
- Domestic mutual funds have capability to do in-depth on-the-ground research on companies- their small stake may signify either they are not comfortable at the price or the business
6
Below par performance in long term as well as near term
- Along with generating -100.00% returns in the last 1 year, the stock has also underperformed BSE500 in the last 3 years, 1 year and 3 months
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Alpex Solar should be less than 10%
- Overall Portfolio exposure to Other Electrical Equipment should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Other Electrical Equipment)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Alpex Solar for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Alpex Solar
-12.8%
-0.26
51.02%
Sensex
-6.83%
-0.51
13.30%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
74.20%
EBIT Growth (5y)
117.52%
EBIT to Interest (avg)
14.45
Debt to EBITDA (avg)
1.30
Net Debt to Equity (avg)
0.69
Sales to Capital Employed (avg)
1.93
Tax Ratio
27.81%
Dividend Payout Ratio
0
Pledged Shares
6.47%
Institutional Holding
3.62%
ROCE (avg)
27.43%
ROE (avg)
37.36%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
12
Industry P/E
0
Price to Book Value
4.26
EV to EBIT
9.41
EV to EBITDA
8.70
EV to Capital Employed
2.93
EV to Sales
1.25
PEG Ratio
0.09
Dividend Yield
NA
ROCE (Latest)
31.17%
ROE (Latest)
36.16%
Loading Valuation Snapshot...
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Bullish
Dow Theory
Mildly Bearish
No Trend
OBV
Mildly Bearish
Mildly Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend22What is working for the Company
NET SALES(9M)
Higher at Rs 1,842.96 cr
PAT(9M)
Higher at Rs 160.86 Cr
-16What is not working for the Company
OPERATING PROFIT TO INTEREST (Q)
Lowest at 9.16 times
DEBT-EQUITY RATIO(HY)
Highest at 0.96 times
INTEREST(Q)
Highest at Rs 9.70 cr
Loading Valuation Snapshot...
Here's what is working for Alpex Solar
Profit After Tax (PAT) - Latest six months
At Rs 108.20 cr has Grown at 83.93%
Year on Year (YoY)MOJO Watch
PAT trend is very positive
PAT (Rs Cr)
Net Sales - Quarterly
Highest at Rs 671.96 cr and Grown
each quarter in the last five quartersMOJO Watch
Near term sales trend is very positive
Net Sales (Rs Cr)
Net Sales - Quarterly
At Rs 671.96 cr has Grown at 43.1% (vs previous 4Q average)
over average Net Sales of the previous four quarters of Rs 469.68 CrMOJO Watch
Near term sales trend is very positive
Net Sales (Rs Cr)
Here's what is not working for Alpex Solar
Interest - Quarterly
At Rs 9.70 cr has Grown at 49.46%
Quarter on Quarter (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (Rs cr)
Operating Profit to Interest - Quarterly
Lowest at 9.16 times
in the last five quartersMOJO Watch
The company's ability to manage interest payments is deteriorating
Operating Profit to Interest
Interest - Quarterly
Highest at Rs 9.70 cr
in the last five quarters and Increased by 49.46 % (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (Rs cr)
Debt-Equity Ratio - Half Yearly
Highest at 0.96 times
in the last five half yearly periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
Non Operating Income - Quarterly
Highest at Rs 3.92 cr
in the last five quartersMOJO Watch
Increased income from non business activities may not be sustainable
Non Operating Income
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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