Price
Financials
Standalone, Rs crore| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 131.75 | 134.29 | 252.60 | 249.20 | 148.61 | 317.99 | 839.48 | 259.42 |
| Expenses | 117.35 | 110.55 | 230.21 | 211.13 | 133.08 | 292.91 | 747.11 | 232.46 |
| Operating Profit | 14.40 | 23.74 | 22.39 | 38.07 | 15.53 | 25.08 | 92.37 | 26.96 |
| OPM % | 10.93% | 17.68% | 8.86% | 15.28% | 10.45% | 7.89% | 11.00% | 10.39% |
| Other Income | 0.96 | 1.09 | 1.65 | 1.63 | -0.48 | 1.29 | 0.45 | 4.89 |
| Interest | 2.53 | 2.89 | 4.99 | 5.41 | 5.89 | 9.18 | 9.87 | 12.17 |
| Depreciation | 1.98 | 2.51 | 3.39 | 4.26 | 4.44 | 6.08 | 10.22 | 10.14 |
| Profit before tax | 10.85 | 19.43 | 15.66 | 30.03 | 4.72 | 11.11 | 72.73 | 9.54 |
| Tax % | 15.85% | 27.38% | 24.65% | 25.17% | 28.18% | 25.92% | 24.67% | 25.16% |
| Net Profit | 9.13 | 14.11 | 11.80 | 22.47 | 3.40 | 8.23 | 54.80 | 7.15 |
| EPS in Rs | 8.45 | 13.06 | 10.92 | 20.80 | 3.15 | 7.62 | 50.73 | 6.62 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 46 | 34 | 101 | 149 | 138 | 80 | 72 | 161 | 366 | 660 | 1,555 | 1,566 |
| Expenses | 45 | 32 | 96 | 141 | 131 | 76 | 70 | 150 | 337 | 587 | 1,386 | 1,406 |
| Operating Profit | 1 | 2 | 6 | 8 | 7 | 3 | 2 | 11 | 28 | 73 | 170 | 160 |
| OPM % | 2.4% | 6% | 6% | 5% | 5% | 4.2% | 2.6% | 7% | 8% | 11% | 11% | 10% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 2 | 3 | 4 | 6 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 6 | 10 | 13 | 30 | 37 |
| Depreciation | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 5 | 8 | 10 | 25 | 31 |
| Profit before tax | 1 | 1 | 4 | 7 | 6 | 2 | 1 | 4 | 12 | 52 | 119 | 98 |
| Tax % | 31% | 33% | 28% | 27% | 29% | 29% | 20% | 30% | 24% | 25% | 25% | |
| Net Profit | 0 | 1 | 3 | 5 | 4 | 2 | 1 | 3 | 9 | 39 | 89 | 74 |
| EPS in Rs | 2.05 | 3.25 | 5.10 | 8.02 | 7.18 | 2.71 | 0.99 | 2.71 | 8.73 | 36.13 | 82.30 | 68.12 |
| Dividend Payout % | 0% | 0% | 16% | 0% | 6% | 9% | 12% | 0% | 5% | 2% | 1% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 42% | 81% | 113% | 104% | ||
| Compounded Profit Growth | 72% | 122% | 220% | 28% | ||
| Stock Price CAGR | % | 80% | 14% | -59% | ||
| Return on Equity | 32% | 34% | 40% | 44% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.82 | 2 | 2 | 5 | 5 | 5 | 5 | 8 | 8 | 8 | 11 | 11 |
| Reserves | 0 | 0 | 1 | 9 | 13 | 17 | 19 | 27 | 30 | 38 | 144 | 233 |
| Borrowings | 4 | 4 | 1 | 6 | 6 | 5 | 12 | 19 | 66 | 96 | 174 | 324 |
| Other Liabilities | 4 | 9 | 20 | 32 | 47 | 44 | 40 | 18 | 37 | 70 | 156 | 572 |
| Total Liabilities | 9 | 15 | 25 | 52 | 71 | 71 | 76 | 73 | 141 | 212 | 485 | 1,139 |
| Fixed Assets | 0 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 55 | 54 | 134 | 336 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24 | 1 | 0 | 3 | 11 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 14 | 2 | 1 |
| Other Assets | 8 | 13 | 23 | 51 | 70 | 70 | 75 | 48 | 85 | 143 | 347 | 791 |
| Total Assets | 9 | 15 | 25 | 52 | 71 | 71 | 76 | 73 | 141 | 212 | 485 | 1,139 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1 | -4 | 5 | 2 | 2 | 4 | -6 | 2 | -42 | 214 | ||
| Cash from Investing Activity | -0 | -3 | -3 | -1 | -1 | -27 | -35 | -21 | -59 | -224 | ||
| Cash from Financing Activity | -0 | 6 | -2 | -2 | -0 | 22 | 41 | 20 | 110 | 74 | ||
| Net Cash Flow | 1 | -1 | 0 | -0 | 1 | -2 | -0 | 0 | 10 | 64 | ||
| Free Cash Flow | 1 | -4 | 4 | 2 | 1 | -20 | -41 | -6 | -108 | 20 | ||
| CFO/OP | 76% | -44% | 87% | 53% | 95% | 222% | -49% | 13% | -50% | 133% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 279 | 75 | 181 | 137 | 136 | 147 | 255 | 105 | 68 | 47 | 61 | 78 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 279 | 75 | 181 | 137 | 136 | 147 | 255 | 105 | 68 | 47 | 61 | 78 |
| Working Capital Days | 43 | 6 | 13 | 77 | 48 | 68 | 122 | 132 | 64 | 23 | 47 | 5 |
| ROCE % | 23% | 37% | 42% | 34% | 29% | 11% | 4% | 12% | 18% | 28% | 33% |
| Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 43.49% | 70.65% | 70.65% | 70.65% | 70.65% | 70.66% | 66.15% | 66.15% | 66.15% | 66.15% | 66.15% | 66.15% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.01% | 0.09% | 0.25% | 0.13% | 0.07% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.10% | 0.89% | 0.79% | 1.02% | 0.98% | 0.81% | 0.51% |
| Public | 56.51% | 29.36% | 29.35% | 29.35% | 29.35% | 28.24% | 32.94% | 33.06% | 32.75% | 32.63% | 32.91% | 33.26% |
| No. of Shareholders | 245 | 308 | 303 | 567 | 917 | 1,402 | 2,269 | 2,917 | 3,007 | 5,427 | 7,027 | 10,382 |
Fundamentals
Market Cap₹ 744 Cr.
Current Price₹ 689
Stock P/E10.1
Book Value₹ 225
ROCE33.2 %
ROE44.4 %
Dividend Yield0.08 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)104%
Compounded Profit Growth (TTM)28%
Standalone figures.
Valuation
Market capRs 725 Cr
Enterprise valueRs 928 Cr
P/E (TTM)15.79x
Price to book2.98x
Price to sales0.75x
EV / EBITDA8.83x
EV / EBIT10.67x
EV / sales0.96x
Price to cash flow3.39x
Earnings yield6.33%
Dividend yield0.08%
P/E, 3-year average29.35x
P/B, 3-year average6.57x
P/E, 5-year average52.66x
P/B, 5-year average5.82x
Profitability
Operating margin (excl. other income)10.91%
Operating margin (incl. other income)11.18%
EBITDA margin10.86%
Pre-tax margin6.35%
Net profit margin4.74%
Net margin, latest quarter2.59%
ROE44.61%
ROCE33.26%
ROA10.95%
ROE, 3-year average34.73%
ROCE, 3-year average26.24%
ROA, 3-year average9.03%
ROE, 5-year average23.01%
ROCE, 5-year average19.02%
ROA, 5-year average6.19%
ROIC (approx.)14.59%
Tax rate25.04%
Other income / net worth1.77%
Growth
Sales growth (latest year)135.63%
Profit growth (latest year)127.77%
Sales CAGR, 3 years112.77%
Sales CAGR, 5 years81.20%
Profit CAGR, 3 years220.12%
Profit CAGR, 5 years121.17%
Sales growth QoQ113.98%
Profit growth QoQ142.06%
Sales growth YoY (latest quarter)136.79%
Profit growth YoY (latest quarter)-41.67%
Per share
EPS (TTM)Rs 42.49
EPS (latest year)Rs 82.30
EPS (latest quarter)Rs 7.62
EPS, 3-year averageRs 43.11
EPS, 5-year averageRs 26.79
Book value per shareRs 225.33
Sales per shareRs 896.46
Cash flow per shareRs 197.70
Free cash flow per shareRs 18.51
Dividend per share (latest year)Rs 0.55
Dividend per share, 3-year averageRs 0.55
Dividend per share, 5-year averageRs 0.45
Dividends
Dividend payout0.66%
Dividend payout, 3-year average2.41%
Dividend payout, 5-year average4.83%
Efficiency
Asset turnover1.37x
Fixed asset turnover4.62x
Inventory turnover4.70x
Inventory days78 days
Debtor days78 days
Debtors turnover4.70x
Cash conversion cycle78 days
Working capital days5 days
Leverage
Total debtRs 324 Cr
Cash and bankRs 120 Cr
Net debtRs 204 Cr
Debt to equity1.33x
Net debt / EBITDA1.94x
Interest coverage3.42x
Current ratio (filing 2026-03-31)1.22x
Quick ratio (filing 2026-03-31)0.79x
Trade payables (filing 2026-03-31)Rs 451 Cr
Owners' fund to total sources21.37%
Debt to assets28.41%
Cash flow
Cash from Operating Activity (latest year)Rs 214 Cr
Cash from Investing Activity (latest year)Rs -224 Cr
Cash from Financing Activity (latest year)Rs 74 Cr
Net Cash Flow (latest year)Rs 64 Cr
Free cash flow (latest year)Rs 20 Cr
FCFE (approx.: FCF + change in debt)Rs 170 Cr
Cash from ops / profit, 5 years1.22x
Sales to cash flow7.28x
Statement figures
Net sales (TTM)Rs 968 Cr
Net sales (latest year)Rs 1,555 Cr
Sales (latest quarter)Rs 318 Cr
Operating profit excl. other income (latest year)Rs 170 Cr
Operating profit (latest quarter)Rs 25 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 105 Cr
PBDT (TTM)Rs 80 Cr
Profit before tax (TTM)Rs 62 Cr
Tax (latest year)Rs 30 Cr
Net profit (TTM)Rs 46 Cr
Net profit (latest year)Rs 89 Cr
Net profit (latest quarter)Rs 8 Cr
Depreciation (TTM)Rs 18 Cr
Depreciation (latest quarter)Rs 6 Cr
Interest (TTM)Rs 25 Cr
Cost of goods sold (latest year)Rs 1,310 Cr
Total expenditure (latest year)Rs 1,386 Cr
Total income (latest year)Rs 1,560 Cr
Share capitalRs 11 Cr
ReservesRs 233 Cr
Shareholders' fundsRs 243 Cr
Total assetsRs 1,139 Cr
Net blockRs 336 Cr
Capital work in progressRs 11 Cr
InvestmentsRs 1 Cr
ReceivablesRs 331 Cr
InventoryRs 279 Cr
Other liabilitiesRs 572 Cr
Shares outstanding (crore)1.08
Ownership
Promoter holding66.15% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 15.8 is at the 35th percentile of its own 8.2-year range
(median 34.1, low 4.3, high 398.3).
P/B 2.98 is at the 36th percentile (median 5.70).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | SOLEX | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -8.3% | -2.8% | -5.5 pts |
| 1 month | -7.6% | -6.8% | -0.8 pts |
| 3 months | -36.7% | -7.6% | -29.0 pts |
| 6 months | -27.2% | +0.4% | -27.6 pts |
| 1 year | -57.9% | -9.9% | -48.0 pts |
| 2 years | -49.1% | -13.6% | -35.5 pts |
| 3 years | +14.7% | +14.2% | +0.5 pts |
| 5 years | +1305.1% | +27.9% | +1277.2 pts |
Red flags
F-score 6 of 8| explain | Receivables outrunning sales Receivables grew 202% vs sales +136% in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹259 Cr +4.1% vs Jun 2025.
Net profit ₹7 Cr -68.2%.
Against our estimate for Jun 2026: sales -34.9%, profit -60.7% in line. Our estimate for Sep 2026: sales Rs 238 Cr, profit Rs 6 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Apar Industries Ltd | 74,545 | 61.8 | 31.8 % |
| Waaree Energies Ltd | 68,461 | 17.0 | 38.4 % |
| Premier Energies Ltd | 39,494 | 23.7 | 32.7 % |
| MTAR Technologies Ltd | 22,842 | 166 | 15.2 % |
| Emmvee Photovoltaic Power Ltd | 21,778 | 17.1 | 44.6 % |
| Diamond Power Infrastructure Ltd | 21,055 | 114 | 24.2 % |
| Avalon Technologies Ltd | 15,396 | 115 | 19.3 % |
| Fujiyama Power Systems Ltd | 12,512 | 29.9 | 35.1 % |
| Genus Power Infrastructures Ltd | 8,934 | 13.7 | 25.3 % |
| Waaree Renewable Technologies Ltd | 8,574 | 16.8 | 85.0 % |
| Vikram Solar Ltd | 5,801 | 16.1 | 30.6 % |
| Ram Ratna Wires Ltd | 5,450 | 42.1 | 23.6 % |
| Saatvik Green Energy Ltd | 5,249 | 21.1 | 32.9 % |
| Shilchar Technologies Ltd | 4,613 | 33.5 | 50.7 % |
| Yash Highvoltage Ltd | 3,293 | 84.6 | 28.6 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-09-15 | Dividend - Re 0.55 Per Share |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
High low price variation greater than 100perc in previous 6 monthsHigh low price variation greater than 150perc in previous 12 monthsHigh low price variation greater than 200perc in previous 365 Days
Quick answers
What is the market cap of Solex Energy Ltd?
Solex Energy Ltd (SOLEX) has a market capitalisation of Rs 744 Cr. at the 2026-10-01 close.
What is the P/E ratio of Solex Energy Ltd?
Solex Energy Ltd trades at a P/E of 10.1 on trailing twelve-month profit, at the 2026-10-01 close.
What were Solex Energy Ltd's latest quarterly results?
In the Jun 2026 quarter, Solex Energy Ltd sales was Rs 259 Cr (+4.1% vs Jun 2025) and net profit was Rs 7 Cr.
What is the 52-week high and low of Solex Energy Ltd?
The 52-week high is Rs 1,985.00 and the 52-week low is Rs 651.20.