Solex Energy

Why is Solex Energy Ltd falling/rising?

As of 12-Jun, Solex Energy Ltd's stock price is rising to 1,070.20, driven by a significant increase in net profit and sales. Despite recent short-term declines and decreased investor participation, the company's strong fundamentals suggest a positive long-term outlook.

As of 12-Jun, Solex Energy Ltd's stock price is rising, currently at 1,070.20, reflecting an increase of 38.2 points or 3.7%. This rise can be attributed to the company's robust financial performance, as evidenced by significant growth in key metrics. For instance, the company reported a remarkable 364.41% increase in net profit, alongside a 248.09% growth in net sales for the most recent quarter. Additionally, the operating profit surged by 116.16%, indicating strong operational efficiency.<BR><BR>Despite the positive financial results, the stock has faced challenges in the short term, as indicated by its performance over various periods. Over the past week, the stock has decreased by 3.58%, and it has also seen a decline of 14.47% over the past month. Furthermore, the stock is currently trading below its moving averages across multiple time frames, which suggests a bearish trend in the short term. <BR><BR>Investor participation has also decreased, with a significant drop in delivery volume by 60.15% compared to the 5-day average. This decline in trading activity may contribute to the volatility in the stock price. However, the overall long-term outlook remains positive due to the company's strong growth metrics and attractive valuation, as indicated by a return on capital employed (ROCE) of 32.5 and a low PEG ratio of 0.1. Thus, while the stock is experiencing short-term fluctuations, its strong fundamentals support the recent rise in price.

Which are the latest news on Solex Energy?

What does Solex Energy do?

Solex Energy Ltd is a manufacturer of solar photovoltaic modules, incorporated in 2014 and publicly listed since 2017. As of March 2026, it reported net sales of 886 Cr and a net profit of 58 Cr, with a market cap of INR 1,151 Cr.

Overview:<BR>Solex Energy Ltd is a prominent manufacturer of solar photovoltaic modules operating in the Other Electrical Equipment industry within the Small Cap market-cap bracket.<BR><BR>History:<BR>Solex Energy Ltd was originally incorporated as "Solex Energy Private Limited" in 2014 and later converted into a Public Limited Company, changing its name to "Solex Energy Limited" on September 22, 2017. The latest quarterly results report net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 886 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: 58 Cr (Quarterly Results - Mar 2026)<BR>- Market cap: INR 1,151 Cr (Small Cap)<BR><BR>Key Metrics:<BR>- P/E: 12.00<BR>- Industry P/E: 58<BR>- Dividend Yield: 0.05%<BR>- Debt-Equity: 0.84<BR>- Return on Equity: 36.40%<BR>- Price to Book: 4.73<BR><BR>Contact Details:<BR>Address: Plot No. 131/A Phase 1 GIDC, Vithal Udyognagar Anand Gujarat : 388121<BR>Tel: 91-2692-230317<BR>Email: info@solex.in<BR>Website: http://www.solex.in

How big is Solex Energy?

As of 10th June, Solex Energy Ltd has a market capitalization of 1,151.00 Cr, with recent Net Sales of 1,618.06 Cr and a Net Profit of 96.01 Cr.

As of 10th June, Solex Energy Ltd has a market capitalization of 1,151.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, Solex Energy reported Net Sales of 1,618.06 Cr and a Net Profit of 96.01 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 160.63 Cr and Total Assets valued at 480.25 Cr.

Who are in the management team of Solex Energy?

The management team of Solex Energy includes Chetan Sureshchandra Shah (Chairman & Managing Director), Kalpeshkumar Ramanbhai Patel (Joint Managing Director), Kiran Shah (Executive Director), and several directors including Rajeshbhai Tulsibhai Patel, Kamlesh Pravin Yagnik, Anil Rathi, Piyush Kailashchandra Chandak, and Vipul Mulchand Shah, along with Dilipkumar Gajanand Nikhare as Company Secretary & Compliance Officer. They oversee the company's operations and strategic direction.

The management team of Solex Energy includes the following individuals:<BR><BR>1. **Chetan Sureshchandra Shah** - Chairman & Managing Director<BR>2. **Kalpeshkumar Ramanbhai Patel** - Joint Managing Director<BR>3. **Kiran Shah** - Executive Director<BR>4. **Rajeshbhai Tulsibhai Patel** - Independent Director<BR>5. **Kamlesh Pravin Yagnik** - Director<BR>6. **Anil Rathi** - Director<BR>7. **Piyush Kailashchandra Chandak** - Director<BR>8. **Vipul Mulchand Shah** - Director<BR>9. **Dilipkumar Gajanand Nikhare** - Company Secretary & Compliance Officer<BR><BR>This team is responsible for overseeing the operations and strategic direction of the company.

Who are the peers of the Solex Energy?

Solex Energy's peers include Marsons, Rishabh Instruments, Danish Power, Salzer Electronics, Modison, Mangal Electrica, RIR Power Electric, and Hindusthan Insulators. Rishabh Instruments shows the highest 1-year return at 75.95%, while Solex Energy's return is -18.66%.

Peers: The peers of Solex Energy are Marsons, Rishabh Instrum., Danish Power, Salzer Electron., Modison, Mangal Electrica, RIR Power Electr, and Hindusthan Insul.<BR><BR>Quality Snapshot: Excellent management risk is observed at Rishabh Instrum. and Hindusthan Insul, while Below Average management risk is found at Marsons and the rest. Growth is Excellent for Solex Energy and Danish Power, Average for Salzer Electron. and Modison, and Below Average for Mangal Electrica, while Rishabh Instrum. and Hindusthan Insul show Below Average growth. Capital Structure is Excellent at Rishabh Instrum., Good at Modison and Mangal Electrica, Average at Solex Energy, and Below Average at Marsons and Salzer Electron.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Rishabh Instrum. at 75.95%, while the lowest is Salzer Electron. at -33.38%. Solex Energy's 1-year return is -18.66%, which is higher than Salzer Electron. but lower than Rishabh Instrum. Additionally, the six-month return is negative for Solex Energy, Salzer Electron., Mangal Electrica, and Hindusthan Insul.

Should I buy, sell or hold Solex Energy Ltd?

Are Solex Energy Ltd latest results good or bad?

Solex Energy Ltd's latest Q4 FY26 results are very strong, with a net profit of ₹57.91 crores and revenue growth of 178.56% quarter-on-quarter. The company shows improved operational efficiency and positive investor sentiment, although the stock is still 33.68% below its 52-week high.

Solex Energy Ltd's latest results for Q4 FY26 can be characterized as very strong, showcasing impressive growth metrics. The company reported a net profit of ₹57.91 crores, which reflects a staggering 564.87% increase quarter-on-quarter. Additionally, revenue surged to ₹885.53 crores, marking a remarkable 178.56% growth compared to the previous quarter and a 248.09% increase year-on-year.<BR><BR>The operating margin improved to 11.11%, up from 8.14% in Q3, indicating better cost management and operational efficiency. Furthermore, the return on equity (ROE) stands at a robust 21.64%, showcasing strong capital efficiency.<BR><BR>These results have generated positive investor sentiment, as evidenced by a 5.24% increase in the stock price following the announcement. However, it's worth noting that while the growth figures are impressive, the stock remains 33.68% below its 52-week high, suggesting some volatility and potential profit-taking after previous highs.<BR><BR>Overall, the latest results indicate that Solex Energy is performing exceptionally well, positioning itself strongly within the renewable energy sector in India.

Is Solex Energy technically bullish or bearish?

As of December 3, 2025, Solex Energy's trend is mildly bullish, supported by positive weekly and monthly MACD indicators, although mixed signals from the KST and unclear RSI readings temper the overall bullish stance.

As of 3 December 2025, the technical trend for Solex Energy has changed from bullish to mildly bullish. The current stance is mildly bullish, supported by weekly and monthly MACD indicators both showing bullish signals. The Bollinger Bands also indicate a mildly bullish trend on both weekly and monthly time frames. Daily moving averages are mildly bullish, while the KST shows a bullish weekly signal but is mildly bearish on a monthly basis. The Dow Theory reflects a bullish weekly trend but no trend on a monthly basis. Overall, the strength of the bullish stance is tempered by mixed signals from the KST and the lack of clear RSI signals.

How has been the historical performance of Solex Energy?

Solex Energy has experienced significant growth over the past three years, with net sales increasing from 161.71 Cr in Mar'23 to 662.22 Cr in Mar'25, and profit after tax rising from 2.71 Cr to 42.79 Cr. Key financial metrics indicate a strong upward trend in both revenue and profitability.

Answer:<BR>The historical performance of Solex Energy shows significant growth over the past three years, particularly in net sales and profitability.<BR><BR>Breakdown:<BR>Solex Energy's net sales have increased dramatically from 161.71 Cr in Mar'23 to 662.22 Cr in Mar'25, reflecting a strong upward trend. Total operating income followed suit, rising from 161.71 Cr in Mar'23 to 662.22 Cr in Mar'25. The company's total expenditure, excluding depreciation, also rose significantly, from 150.39 Cr in Mar'23 to 589.11 Cr in Mar'25, driven by higher raw material costs and employee expenses. Operating profit, excluding other income, improved from 11.32 Cr in Mar'23 to 73.11 Cr in Mar'25, while profit before tax surged from 3.85 Cr to 56.71 Cr in the same period. Consequently, profit after tax increased from 2.71 Cr in Mar'23 to 42.79 Cr in Mar'25, indicating a robust growth in profitability. The earnings per share (EPS) also saw a remarkable rise from 2.71 in Mar'23 to 38.92 in Mar'25. On the balance sheet, shareholder's funds grew from 46.24 Cr in Mar'24 to 160.63 Cr in Mar'25, and total liabilities increased from 211.96 Cr to 480.25 Cr, primarily due to rising borrowings. Overall, Solex Energy's financial metrics illustrate a strong growth trajectory in both revenue and profitability over the past three years.

How has been the historical performance of Solex Energy?

Solex Energy has shown significant growth over the past three years, with net sales increasing from 161.71 Cr in Mar'23 to 662.22 Cr in Mar'25, and profit after tax rising from 2.71 Cr to 42.23 Cr in the same period, indicating strong revenue and profitability growth despite rising expenditures. The company's financial position is solid, with improved cash flow and a growing asset base.

Answer:<BR>The historical performance of Solex Energy shows significant growth over the past three years, particularly in net sales and profitability.<BR><BR>Breakdown:<BR>Solex Energy's net sales have increased dramatically from 161.71 Cr in Mar'23 to 365.92 Cr in Mar'24, and further to 662.22 Cr in Mar'25, indicating a strong upward trend. The total operating income mirrors this growth, rising from 161.71 Cr in Mar'23 to 662.22 Cr in Mar'25. However, total expenditure has also risen, from 150.39 Cr in Mar'23 to 586.24 Cr in Mar'25, driven by higher raw material costs and employee expenses. Despite the increase in costs, the operating profit (PBDIT) has improved significantly, reaching 79.58 Cr in Mar'25 from 14.00 Cr in Mar'23. Profit before tax has also surged from 3.85 Cr in Mar'23 to 56.22 Cr in Mar'25, leading to a profit after tax of 42.23 Cr in Mar'25, up from 2.71 Cr in Mar'23. The company's earnings per share have increased from 2.71 in Mar'23 to 38.39 in Mar'25, reflecting enhanced shareholder value. On the balance sheet, total liabilities rose from 211.96 Cr in Mar'24 to 480.25 Cr in Mar'25, while total assets increased correspondingly, indicating a solid growth in the company's financial position. Cash flow from operating activities has shown improvement, with a net cash inflow of 0.00 Cr in Mar'24, compared to a net outflow in previous years. Overall, Solex Energy's financial metrics demonstrate a robust growth trajectory in revenue and profitability, alongside an expanding asset base.

Is Solex Energy overvalued or undervalued?

As of August 28, 2025, Solex Energy is considered very expensive with a high PE ratio of 35.63, significantly above its peers, indicating it may be overvalued despite a strong historical return of 660.43% over the past three years.

As of 28 August 2025, the valuation grade for Solex Energy has moved from fair to very expensive, indicating a significant shift in its perceived value. The company is currently considered overvalued based on its high valuation ratios. The PE ratio stands at 35.63, the Price to Book Value is 30.51, and the EV to EBITDA ratio is 21.71, all of which are considerably elevated compared to industry norms.<BR><BR>In comparison to its peers, Solex Energy's PE ratio is notably higher than that of Apar Industries, which has a PE of 35.14, and significantly outpaces other companies like HPL Electric, which is rated attractive with a PE of 31.32. This suggests that Solex Energy may not justify its premium valuation given the performance metrics of its competitors. Additionally, while the stock has shown a remarkable return of 660.43% over the past three years, its recent performance has lagged behind the Sensex, raising concerns about its sustainability at current price levels.

Who are the top shareholders of the Solex Energy?

The top shareholders of Solex Energy include promoters, with Anil Rathi holding the largest share at 7.41%, and Akshat Greetntech Private Limited as the highest public shareholder at 2.31%. Individual investors own 25.47% of the shares, and there is one foreign institutional investor with 0.01%, with no pledged promoter holdings or mutual funds involved.

The top shareholders of Solex Energy include the promoters, who hold the majority of the shares. Among them, Anil Rathi is the promoter with the highest holding at 7.41%. The highest public shareholder is Akshat Greetntech Private Limited, which holds 2.31%. Additionally, individual investors collectively hold 25.47% of the shares. There is also one foreign institutional investor (FII) that holds a very small percentage, specifically 0.01%. Notably, there are no pledged promoter holdings and no mutual funds involved in the company's shareholding.

When is the next results date for Solex Energy?

No Upcoming Board Meetings

What is the bonus history of the Solex Energy?

Solex Energy recently announced a bonus issue at a ratio of 1:4, with an ex-date and record date of September 20, 2024. Shareholders will receive one additional share for every four shares held.

Solex Energy has a recent bonus issue announced at a ratio of 1:4, with the ex-date set for September 20, 2024. This means that for every four shares held, shareholders will receive one additional share. The record date for this bonus issue is also September 20, 2024. If you have any more questions about Solex Energy or its financial activities, feel free to ask!

Has Solex Energy declared dividend?

Yes, Solex Energy Ltd has declared a 5% dividend, amounting to $0.5 per share, with an ex-date of September 20, 2024. Despite recent fluctuations, the company has shown substantial long-term growth in price returns.

Solex Energy Ltd has declared a 5% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 5%<BR>- Amount per share: 0.5<BR>- Ex-date: 20 Sep 24<BR><BR>Dividend Yield: 0.07%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -15.15%, the dividend return was 0%, resulting in a total return of -15.15%.<BR><BR>Over the past year, the price return was 15.58%, the dividend return was 0.04%, leading to a total return of 15.62%.<BR><BR>In the 2-year period, the price return was 277.43%, with a dividend return of 0.19%, culminating in a total return of 277.62%.<BR><BR>For the 3-year period, the price return was 939.53%, the dividend return was 0.66%, resulting in a total return of 940.19%.<BR><BR>In the last 4 years, the price return was 2691.41%, with a dividend return of 2.20%, leading to a total return of 2693.61%.<BR><BR>Over the past 5 years, the price return was 7615.06%, the dividend return was 9.04%, resulting in a total return of 7624.1%.<BR><BR>Overall, Solex Energy has declared a dividend, and while the recent total returns have varied significantly, the long-term performance shows substantial growth, particularly in price returns over the years.