



Capital Goods | Small Cap
Solex Energy Ltd. presents a picture of extraordinary growth and high profitability, marking it as a dynamic player in the General Industrials sector. The company's ability to expand its revenues and profits at an exceptional rate is its most significant strength. This impressive performance is also reflected in its high profitability, as it effectively converts sales into earnings, generating strong returns for its investors. However, this rapid expansion appears to be creating some operational challenges. The company's short-term financial position is strained, indicating potential difficulties in meeting immediate payment obligations with its most liquid assets. Furthermore, its efficiency in using its assets and capital to generate sales is an area of concern. While its long-term debt structure appears stable, the overall financial health is a trade-off between explosive growth and underlying operational and liquidity pressures. The future outlook depends on its ability to sustain its growth while addressing these internal challenges.
Solex Energy Ltd. presents a picture of extraordinary growth and high profitability, marking it as a dynamic player in the General Industrials sector. The company's ability to expand its revenues and profits at an exceptional rate is its most significant strength. This impressive performance is also reflected in its high profitability, as it effectively converts sales into earnings, generating strong returns for its investors. However, this rapid expansion appears to be creating some operational challenges. The company's short-term financial position is strained, indicating potential difficulties in meeting immediate payment obligations with its most liquid assets. Furthermore, its efficiency in using its assets and capital to generate sales is an area of concern. While its long-term debt structure appears stable, the overall financial health is a trade-off between explosive growth and underlying operational and liquidity pressures. The future outlook depends on its ability to sustain its growth while addressing these internal challenges.
Overall Valuation Score
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P/E RATIO (TTM)
8.83
Industry Median
30.39
Small Cap Median
22.83
P/E RATIO
8.17
P/B RATIO
3.10
Industry Median
5.14
Small Cap Median
4.50
P/S RATIO
0.64
Industry Median
2.63
Small Cap Median
2.17
Others
PEG RATIO
0.00
EV/EBITDA RATIO
6.26
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹726.4 as on Sep 1, 2026.
The company is experiencing a period of exceptional and explosive growth. Its performance across all key growth metrics is outstanding. Revenue, operating profit, and net income are all expanding at a phenomenal rate. This remarkable top-line and bottom-line expansion translates directly into a massive increase in earnings per share for investors. This indicates extremely strong market demand for its products or services and a highly successful business expansion strategy.
| Growth Ratios | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Revenue Growth Rate | 125.93 | 80.87 | 144.41 |
| Operating Profit Growth Rate | 154.55 | 160.71 | 152.05 |
| Earnings Per Share (EPS) Growth | 222.14 | 345.7 | 128.42 |
| Asset Growth Rate | 126.42 | 146.04 | |
| Net Income Growth Rate | 200 | 377.78 | 127.91 |
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 | Ram Ratna Wires Ltd | 8.28 | 49.71 | Neutral | 260.00 | 11.60 | 109.00 |
| 2 | Servotech Renewable Power System Ltd | 7.72 | 52.74 | Overvalued | 67.00 | 1.61 | 32.00 |
| 3 | Solex Energy Ltd | 7.68 | 8.17 | Neutral | 184.00 | 82.29 | 98.00 |
| 4 | Salzer Electronics Ltd | 7.63 | 17.99 | Neutral | 147.00 | 30.44 | 54.00 |
| 5 | Rishabh Instruments Ltd | 6.79 | 74.67 | Overvalued | 126.00 | 10.79 | 82.00 |
| 6 | Spectrum Electrical Industries Ltd | 5.43 | 89.50 | Highly Overvalued | 80.00 | 27.24 | 44.00 |
| 7 | OSEL Devices Ltd | 5.29 | 22.83 | Neutral | 53.00 | 16.43 | 29.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Market Sentiment
Analysis Driven By 1 Technical Indicators From The 1 Hour Timeframe
Analyzing moving average trends and crossovers. Green/Red badges indicate if the current condition passes or fails.
Comparing stock price performance (normalized) against benchmark indices over time.
Recent daily trading volume represented as a bar chart, alongside historical averages.
Current closing price relative to the 52-week highest and lowest prices.
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Solex Energy Ltd is an Indian manufacturer and supplier of solar photovoltaic (PV) modules and a provider of integrated solar solutions. The company's core activities include producing mono and poly-crystalline solar panels, along with offering off-grid and on-grid solar systems. It caters to diverse sectors, contributing significantly to the renewable energy landscape in India.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Solex Energy Ltd's P/E ratio (TTM) is 8.83, compared to the industry median of 30.39 and large cap median of 22.83.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Solex Energy Ltd's P/B ratio is 3.10, compared to the industry median of 5.14 and large cap median of 4.50.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Solex Energy Ltd's P/S ratio is 0.64, compared to the industry median of 2.63 and large cap median of 2.17.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Solex Energy Ltd's PEG ratio is N/A.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Solex Energy Ltd's EV/EBITDA ratio is 6.26.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Solex Energy Ltd's ROE is 38.74%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Solex Energy Ltd's ROA is 15.58%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Solex Energy Ltd's ROCE is 36%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Solex Energy Ltd's operating margin is 11.37%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Solex Energy Ltd's net margin is 6.06%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Solex Energy Ltd's current ratio is 1.25.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Solex Energy Ltd's debt-to-equity ratio is 1.04.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Solex Energy Ltd's interest coverage ratio is 5.23.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Solex Energy Ltd's DPS is ₹0.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Solex Energy Ltd's EPS is 128.42.
(Source line: "Ratios as of 06 Oct 2026, based on last traded price of ₹726.40. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 2007
Headquarters: Rajkot, Gujarat
Core Offerings: Solar PV Modules (Mono PERC, Bi-facial), On-grid Solar Systems, Off-grid Solar Systems, Solar Water Heaters, Solar Street Lights
Stock Listing: NSE (SOLEX), BSE ({bse})
Promoter: Mr. Kalpeshkumar J. Patel / Solex Energy Group
Solex Energy Limited was incorporated in 2007, marking its entry into the rapidly growing solar energy sector. Over the years, the company has expanded its manufacturing capabilities and product portfolio to include a wide range of solar PV modules and comprehensive solar power solutions. It has established itself as a notable player in the Indian renewable energy market, focusing on both domestic and commercial applications.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Solar PV Module Manufacturing & EPC | Approx. 100% | Operating Profit |
Solar PV Module Manufacturing: Specializes in the production of high-efficiency solar PV modules, including Monocrystalline PERC, Polycrystalline, and Bifacial technologies, for various utility-scale, commercial, and residential projects.
Solar System Integration & EPC: Offers end-to-end Engineering, Procurement, and Construction (EPC) services for on-grid and off-grid solar power plants and rooftop installations, providing customized solutions to clients.
Other Solar Products: Manufactures and supplies auxiliary solar products such as solar water heaters, solar street lights, and solar pumps, broadening its reach in the renewable energy market.
Mr. Kalpeshkumar J. Patel: Chairman & Managing Director. A seasoned entrepreneur and the driving force behind Solex Energy, he leads the company's strategic vision and operations in the competitive solar energy industry.
No major subsidiaries reported.
Bonus Issue in ratio 1:1 on 15-Sep-2023.
The Solex Energy Ltd share price today is ₹726.40 on NSE (SOLEX), as of 06 Oct 2026.
As of 06 Oct 2026, Solex Energy Ltd share price is ₹726.40, with previous close ₹726.40. Today's range is ₹726.40 to ₹726.40. The 52-week range is ₹N/A to ₹N/A.
As of today, Solex Energy Ltd's market cap is ₹1,031.49 crore (Small Cap).
Solex Energy Ltd's current P/E ratio is 8.83, compared to the CONSUMER DURABLES sector average of 65.
Solex Energy Ltd's current P/B ratio is 3.10.
Solex Energy Ltd's current dividend yield is N/A. Last dividend of ₹0.00 per share was declared on N/A.
Solex Energy Ltd's EPS (TTM) is ₹128.42.
Solex Energy Ltd is an Indian manufacturer and supplier of solar photovoltaic (PV) modules and a provider of integrated solar solutions. The company's core activities include producing mono and poly-crystalline solar panels, along with offering off-grid and on-grid solar systems. It caters to diverse sectors, contributing significantly to the renewable energy landscape in India.
Solex Energy Ltd is promoted by Mr. Kalpeshkumar J. Patel / Solex Energy Group, holding 66.15% as of 06 Oct 2026.
Solex Energy Ltd is listed on NSE (SOLEX) and BSE ({bse}). Its next quarterly results are expected on August/September 2024 (Q1 FY25).