



Utilities | Small Cap
Alpex Solar Ltd, operating in the General Industrials (Capital Goods) sector, demonstrates a mixed financial performance. The company shows exceptional solvency, growth, and profitability, reflecting strong operational management and market positioning. Its efficiency is reasonable, indicating effective use of assets, although there's room to improve capital turnover. Liquidity is moderate, suggesting the company can generally meet its short-term obligations, but needs better cash flow management. The company's coverage ratio is limited by its lack of dividend payouts. Overall, Alpex Solar exhibits solid financials, driven by growth and profitability, but should focus on improving liquidity and financial management to enhance its financial stability. This makes it well-placed to handle market changes and growth plans.
Alpex Solar Ltd, operating in the General Industrials (Capital Goods) sector, demonstrates a mixed financial performance. The company shows exceptional solvency, growth, and profitability, reflecting strong operational management and market positioning. Its efficiency is reasonable, indicating effective use of assets, although there's room to improve capital turnover. Liquidity is moderate, suggesting the company can generally meet its short-term obligations, but needs better cash flow management. The company's coverage ratio is limited by its lack of dividend payouts. Overall, Alpex Solar exhibits solid financials, driven by growth and profitability, but should focus on improving liquidity and financial management to enhance its financial stability. This makes it well-placed to handle market changes and growth plans.
Overall Valuation Score
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Markets Today NSE
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0.00
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0
Last Traded Time
N/A
Price Movement Indicator
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P/E RATIO (TTM)
9.55
Industry Median
11.57
Small Cap Median
9.22
P/E RATIO
9.66
P/B RATIO
3.46
Industry Median
2.47
Small Cap Median
2.10
P/S RATIO
0.91
Industry Median
1.97
Small Cap Median
1.66
Others
PEG RATIO
0.07
EV/EBITDA RATIO
6.62
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹762 as on Aug 13, 2026.
Alpex Solar demonstrates exceptional growth across all key metrics. The revenue, operating profit, EPS, asset, and net income growth rates are all high, demonstrating strong performance. This indicates effective strategies and a favorable market position. Strong growth positions the company well for future success and increased shareholder value. The consistency in growth metrics highlights the company's ability to expand its operations and profitability substantially.
| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 11.41 | 17.47 | 111.79 | 88.86 | 185 |
| Operating Profit Growth Rate | -44.44 | 140 | 208.33 | 240.54 | 153.17 |
| Earnings Per Share (EPS) Growth | 186.88 | 131.28 | |||
| Asset Growth Rate | 1.01 | 26 | 82.54 | 106.09 | 191.98 |
| Net Income Growth Rate | -100 | 625 | 186.21 | 143.37 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Alpex Solar Ltd | 7.84 | 9.99 | Neutral | 319.00 | 79.78 | 202.00 |
| 2 | Ravindra Energy Ltd | 7.73 | 36.93 | Highly Overvalued | 131.00 | 4.60 | 81.00 |
| 3 | K.P. Energy Ltd | 7.50 | 9.67 | Neutral | 320.00 | 26.53 | 181.00 |
| 4 | Exicom Tele-Systems Ltd | 5.07 | -7.19 | Neutral | -103.00 | 0.98 | -274.00 |
| 5 | BGR Energy Systems Ltd | 4.78 | -1.90 | Neutral | -566.00 | -177.35 | -973.00 |
| 6 | BF Utilities Ltd | 4.71 | 13.47 | Neutral | 373.00 | 0.59 | 121.00 |
| 7 | Gujarat Industries Power Co Ltd | 4.09 | 10.34 | Neutral | 548.00 | 25.93 | 255.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Alpex Solar Ltd. is an Indian manufacturer of solar photovoltaic (PV) modules, specializing in mono-crystalline and polycrystalline technologies. The company also provides solar EPC (Engineering, Procurement, and Construction) services, solar water pumps, and operates as an independent power producer (IPP). It is positioned as a growing player in India's renewable energy sector.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Alpex Solar Ltd's P/E ratio (TTM) is 9.55, compared to the industry median of 11.57 and large cap median of 9.22.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Alpex Solar Ltd's P/B ratio is 3.46, compared to the industry median of 2.47 and large cap median of 2.10.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Alpex Solar Ltd's P/S ratio is 0.91, compared to the industry median of 1.97 and large cap median of 1.66.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Alpex Solar Ltd's PEG ratio is 0.07.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Alpex Solar Ltd's EV/EBITDA ratio is 6.62.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Alpex Solar Ltd's ROE is 35.94%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Alpex Solar Ltd's ROA is 23.05%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Alpex Solar Ltd's ROCE is 44%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Alpex Solar Ltd's operating margin is 14.35%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Alpex Solar Ltd's net margin is 9.09%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Alpex Solar Ltd's current ratio is 1.95.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Alpex Solar Ltd's debt-to-equity ratio is 0.52.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Alpex Solar Ltd's interest coverage ratio is 13.13.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Alpex Solar Ltd's DPS is ₹0.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Alpex Solar Ltd's EPS is 131.28.
(Source line: "Ratios as of 13 Aug 2026, based on last traded price of ₹762. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded in 1993, Alpex Solar initially focused on solar energy solutions. The company evolved into manufacturing solar photovoltaic modules, producing both mono-crystalline and polycrystalline panels. Over the years, it expanded its offerings to include solar EPC services for various projects and the manufacturing of solar water pumping systems. The company recently completed a successful Initial Public Offering (IPO) on the NSE SME platform in February 2024, marking a significant milestone in its growth journey.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Solar PV Module Manufacturing | Major | Operating Profit |
| Solar EPC Services | Ancillary | Operating Profit |
| Solar Water Pumps & IPP | Ancillary | Operating Profit |
Mr. Ashwani Sehgal (Chairman & Managing Director): A seasoned professional with over three decades of experience in the solar industry, he leads Alpex Solar's strategic vision and operational excellence, driving the company's growth in the renewable energy sector.
No major subsidiaries reported.
Initial Public Offering (IPO) on NSE SME platform in February 2024.
References
The Alpex Solar Ltd share price today is ₹762 on NSE (ALPEXSOLAR), as of 13 Aug 2026.
As of 13 Aug 2026, Alpex Solar Ltd share price is ₹762, with previous close ₹N/A. Today's range is ₹N/A to ₹N/A. The 52-week range is ₹N/A to ₹N/A.
As of today, Alpex Solar Ltd's market cap is ₹2,019.3 crore (Small Cap).
Alpex Solar Ltd's current P/E ratio is 9.55, compared to the UTILITIES sector average of 53.
Alpex Solar Ltd's current P/B ratio is 3.46.
Alpex Solar Ltd's current dividend yield is N/A. Last dividend of ₹0.00 per share was declared on N/A.
Alpex Solar Ltd's EPS (TTM) is ₹131.28.
Alpex Solar Ltd. is an Indian manufacturer of solar photovoltaic (PV) modules, specializing in mono-crystalline and polycrystalline technologies. The company also provides solar EPC (Engineering, Procurement, and Construction) services, solar water pumps, and operates as an independent power producer (IPP). It is positioned as a growing player in India's renewable energy sector.
Alpex Solar Ltd is promoted by Mr. Ashwani Sehgal, Mrs. Monica Sehgal, Mr. Vipin Sehgal, holding 65.9% as of 13 Aug 2026.
Alpex Solar Ltd is listed on NSE (ALPEXSOLAR) and BSE ({bse}). Its next quarterly results are expected on August 2024 (Q1 FY25).