Solex Energy Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: May 31, 2025, 8:37 pm

Market Cap	1,278 Cr.
Current Price	1,183
High / Low	1,787/631
Stock P/E	32.3
Book Value	146
Dividend Yield	0.05 %
ROCE	28.2 %
ROE	38.7 %
Face Value	10.0
PEG Ratio	0.47

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Solex Energy Ltd

Competitors of Solex Energy Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Envair Electrodyne Ltd	47.6 Cr.	102	221/73.5		17.8	0.00 %	2.25 %	5.88 %	10.0
Solex Energy Ltd	1,278 Cr.	1,183	1,787/631	32.3	146	0.05 %	28.2 %	38.7 %	10.0
Honda India Power Products Ltd	2,943 Cr.	2,902	4,500/1,815	36.8	851	0.60 %	12.9 %	9.54 %	10.0
Industry Average	2,110.50 Cr	1,395.67		34.55	338.27	0.22%	14.45%	18.04%	10.00

All Competitor Stocks of Solex Energy Ltd

Quarterly Result

Metric	Mar 2019	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025
Sales	85	70	68	22	57	35	37	21	141	93	273	273	387
Expenses	80	67	64	21	55	34	36	19	132	84	253	249	342
Operating Profit	5	4	4	2	2	1	1	2	9	9	20	24	45
OPM %	6%	5%	6%	7%	3%	3%	2%	9%	7%	9%	7%	9%	12%
Other Income	0	0	0	0	0	0	0	-0	3	1	1	1	3
Interest	0	0	1	0	1	0	1	1	4	4	6	4	7
Depreciation	0	0	0	0	0	0	0	1	4	4	4	4	5
Profit before tax	5	3	3	1	1	1	0	-1	4	1	10	17	35
Tax %	28%	22%	35%	26%	31%	31%	-5%	-22%	29%	45%	22%	24%	25%
Net Profit	3	2	2	1	1	1	0	-0	3	1	8	13	27
EPS in Rs	5.34	3.92	3.26	1.44	1.27	0.59	0.40	-0.46	3.17	0.73	8.01	12.11	24.55

Last Updated: May 31, 2025, 7:43 am

Below is a detailed analysis of the quarterly data for Solex Energy Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Sales, as of Mar 2025, the value is 387.00 Cr.. The value appears strong and on an upward trend. It has increased from 273.00 Cr. (Sep 2024) to 387.00 Cr., marking an increase of 114.00 Cr..
For Expenses, as of Mar 2025, the value is 342.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 249.00 Cr. (Sep 2024) to 342.00 Cr., marking an increase of 93.00 Cr..
For Operating Profit, as of Mar 2025, the value is 45.00 Cr.. The value appears strong and on an upward trend. It has increased from 24.00 Cr. (Sep 2024) to 45.00 Cr., marking an increase of 21.00 Cr..
For OPM %, as of Mar 2025, the value is 12.00%. The value appears strong and on an upward trend. It has increased from 9.00% (Sep 2024) to 12.00%, marking an increase of 3.00%.
For Other Income, as of Mar 2025, the value is 3.00 Cr.. The value appears strong and on an upward trend. It has increased from 1.00 Cr. (Sep 2024) to 3.00 Cr., marking an increase of 2.00 Cr..
For Interest, as of Mar 2025, the value is 7.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4.00 Cr. (Sep 2024) to 7.00 Cr., marking an increase of 3.00 Cr..
For Depreciation, as of Mar 2025, the value is 5.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4.00 Cr. (Sep 2024) to 5.00 Cr., marking an increase of 1.00 Cr..
For Profit before tax, as of Mar 2025, the value is 35.00 Cr.. The value appears strong and on an upward trend. It has increased from 17.00 Cr. (Sep 2024) to 35.00 Cr., marking an increase of 18.00 Cr..
For Tax %, as of Mar 2025, the value is 25.00%. The value appears to be increasing, which may not be favorable. It has increased from 24.00% (Sep 2024) to 25.00%, marking an increase of 1.00%.
For Net Profit, as of Mar 2025, the value is 27.00 Cr.. The value appears strong and on an upward trend. It has increased from 13.00 Cr. (Sep 2024) to 27.00 Cr., marking an increase of 14.00 Cr..
For EPS in Rs, as of Mar 2025, the value is 24.55. The value appears strong and on an upward trend. It has increased from 12.11 (Sep 2024) to 24.55, marking an increase of 12.44.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 15, 2025, 5:12 am

Metric	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	6	46	34	101	149	138	80	72	161	366	660
Expenses	6	45	32	96	141	131	76	70	150	337	591
Operating Profit	0	1	2	6	8	7	3	2	11	28	69
OPM %	5%	2%	6%	6%	5%	5%	4%	3%	7%	8%	10%
Other Income	0	0	0	0	0	0	0	0	3	2	4
Interest	0	1	1	1	1	1	1	1	6	10	11
Depreciation	0	0	0	1	1	0	0	0	5	8	9
Profit before tax	0	1	1	4	7	6	2	1	4	12	52
Tax %	29%	31%	33%	28%	27%	29%	29%	20%	30%	24%	24%
Net Profit	0	0	1	3	5	4	2	1	3	9	40
EPS in Rs	1.00	2.05	3.25	5.10	8.02	7.18	2.71	0.99	2.71	8.73	36.66
Dividend Payout %	0%	0%	0%	16%	0%	6%	9%	12%	0%	5%	2%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	200.00%	66.67%	-20.00%	-50.00%	-50.00%	200.00%	200.00%	344.44%
Change in YoY Net Profit Growth (%)	0.00%	-133.33%	-86.67%	-30.00%	0.00%	250.00%	0.00%	144.44%

Solex Energy Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	59%
5 Years:	37%
3 Years:	109%
TTM:	80%

Compounded Profit Growth
10 Years:	82%
5 Years:	55%
3 Years:	242%
TTM:	354%

Stock Price CAGR
10 Years:	%
5 Years:	120%
3 Years:	113%
1 Year:	-5%

Return on Equity
10 Years:	24%
5 Years:	23%
3 Years:	28%
Last Year:	39%

Last Updated: Unknown

Balance Sheet

Last Updated: May 13, 2025, 2:41 pm

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0.82	2	2	5	5	5	5	8	8	8	11
Reserves	0	0	1	9	13	17	19	27	30	38	147
Borrowings	4	4	1	6	6	5	12	19	66	96	148
Other Liabilities	4	9	20	32	47	44	40	18	37	70	162
Total Liabilities	9	15	25	52	71	71	76	73	141	212	467
Fixed Assets	0	2	2	1	1	1	1	1	55	54	110
CWIP	0	0	0	0	0	0	0	24	1	0	2
Investments	0	0	0	0	0	0	0	0	1	15	3
Other Assets	8	13	23	51	70	70	75	48	85	143	352
Total Assets	9	15	25	52	71	71	76	73	141	212	467

Below is a detailed analysis of the balance sheet data for Solex Energy Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Equity Capital, as of Mar 2025, the value is 11.00 Cr.. The value appears strong and on an upward trend. It has increased from 8.00 Cr. (Mar 2024) to 11.00 Cr., marking an increase of 3.00 Cr..
For Reserves, as of Mar 2025, the value is 147.00 Cr.. The value appears strong and on an upward trend. It has increased from 38.00 Cr. (Mar 2024) to 147.00 Cr., marking an increase of 109.00 Cr..
For Borrowings, as of Mar 2025, the value is 148.00 Cr.. The value appears to be increasing, which may not be favorable. However, Borrowings exceed Reserves, which may signal higher financial risk. It has increased from 96.00 Cr. (Mar 2024) to 148.00 Cr., marking an increase of 52.00 Cr..
For Other Liabilities, as of Mar 2025, the value is 162.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 70.00 Cr. (Mar 2024) to 162.00 Cr., marking an increase of 92.00 Cr..
For Total Liabilities, as of Mar 2025, the value is 467.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 212.00 Cr. (Mar 2024) to 467.00 Cr., marking an increase of 255.00 Cr..
For Fixed Assets, as of Mar 2025, the value is 110.00 Cr.. The value appears strong and on an upward trend. It has increased from 54.00 Cr. (Mar 2024) to 110.00 Cr., marking an increase of 56.00 Cr..
For CWIP, as of Mar 2025, the value is 2.00 Cr.. The value appears strong and on an upward trend. It has increased from 0.00 Cr. (Mar 2024) to 2.00 Cr., marking an increase of 2.00 Cr..
For Investments, as of Mar 2025, the value is 3.00 Cr.. The value appears to be declining and may need further review. It has decreased from 15.00 Cr. (Mar 2024) to 3.00 Cr., marking a decrease of 12.00 Cr..
For Other Assets, as of Mar 2025, the value is 352.00 Cr.. The value appears strong and on an upward trend. It has increased from 143.00 Cr. (Mar 2024) to 352.00 Cr., marking an increase of 209.00 Cr..
For Total Assets, as of Mar 2025, the value is 467.00 Cr.. The value appears strong and on an upward trend. It has increased from 212.00 Cr. (Mar 2024) to 467.00 Cr., marking an increase of 255.00 Cr..

However, the Borrowings (148.00 Cr.) are higher than the Reserves (₹147.00 Cr.), which may signal higher financial risk.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	1	-4	5	2	2	4	-6	2	-49
Cash from Investing Activity +	-0	-3	-3	-1	-1	-27	-35	-21	-54
Cash from Financing Activity +	-0	6	-2	-2	-0	22	41	20	113
Net Cash Flow	1	-1	0	-0	1	-2	-0	0	10

Free Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-4.00	-3.00	1.00	0.00	2.00	2.00	-9.00	-17.00	-55.00	-68.00	-79.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	279	75	181	137	136	147	255	105	68	47
Inventory Days
Days Payable
Cash Conversion Cycle	279	75	181	137	136	147	255	105	68	47
Working Capital Days	248	29	20	77	64	81	172	165	112	73
ROCE %		23%	37%	42%	34%	29%	11%	4%	12%	18%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Apr 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024
Promoters	70.43%	70.43%	70.43%	70.43%	70.65%	43.49%	70.65%	70.65%	70.65%	70.65%	70.66%	66.15%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.10%	0.89%
Public	29.57%	29.57%	29.57%	29.57%	29.35%	56.51%	29.36%	29.35%	29.35%	29.35%	28.24%	32.94%
No. of Shareholders	225	225	220	214	246	245	308	303	567	917	1,402	2,269

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	10.92	3.39	1.28	3.39	9.01
Diluted EPS (Rs.)	10.92	3.39	1.28	3.39	9.01
Cash EPS (Rs.)	21.50	9.06	1.55	3.92	9.67
Book Value[Excl.RevalReserv]/Share (Rs.)	57.80	47.03	43.80	47.73	44.84
Book Value[Incl.RevalReserv]/Share (Rs.)	57.80	47.03	43.80	47.73	44.84
Dividend / Share (Rs.)	0.55	0.15	0.15	0.30	0.50
Revenue From Operations / Share (Rs.)	457.40	202.14	90.41	161.18	279.43
PBDIT / Share (Rs.)	38.13	17.50	2.79	7.33	15.61
PBIT / Share (Rs.)	27.56	11.83	2.47	6.81	14.95
PBT / Share (Rs.)	14.43	4.81	1.53	4.77	12.64
Net Profit / Share (Rs.)	10.92	3.39	1.23	3.39	9.01
PBDIT Margin (%)	8.33	8.65	3.08	4.54	5.58
PBIT Margin (%)	6.02	5.85	2.73	4.22	5.35
PBT Margin (%)	3.15	2.38	1.69	2.95	4.52
Net Profit Margin (%)	2.38	1.67	1.36	2.10	3.22
Return on Networth / Equity (%)	18.88	7.20	2.81	7.10	20.09
Return on Capital Employeed (%)	22.74	10.96	3.72	10.82	27.13
Return On Assets (%)	4.12	1.92	1.32	2.21	6.27
Long Term Debt / Equity (X)	1.02	1.19	0.37	0.04	0.00
Total Debt / Equity (X)	2.08	1.75	0.60	0.47	0.22
Asset Turnover Ratio (%)	2.07	1.50	0.96	1.09	1.94
Current Ratio (X)	1.32	1.53	2.22	1.64	1.60
Quick Ratio (X)	0.74	0.97	1.56	1.46	1.48
Inventory Turnover Ratio (X)	6.32	6.29	5.14	9.23	21.01
Dividend Payout Ratio (NP) (%)	1.37	4.42	24.29	14.73	0.00
Dividend Payout Ratio (CP) (%)	0.69	1.65	19.36	12.76	0.00
Earning Retention Ratio (%)	98.63	95.58	75.71	85.27	0.00
Cash Earning Retention Ratio (%)	99.31	98.35	80.64	87.24	0.00
Interest Coverage Ratio (X)	2.90	2.49	2.97	3.35	6.75
Interest Coverage Ratio (Post Tax) (X)	1.83	1.48	2.32	2.48	4.89
Enterprise Value (Cr.)	743.97	409.41	110.40	26.40	14.19
EV / Net Operating Revenue (X)	2.03	2.53	1.53	0.33	0.10
EV / EBITDA (X)	24.39	29.25	49.51	7.29	1.84
MarketCap / Net Operating Revenue (X)	1.77	2.12	1.26	0.21	0.07
Retention Ratios (%)	98.62	95.57	75.70	85.26	0.00
Price / BV (X)	14.01	9.13	2.61	0.73	0.43
Price / Net Operating Revenue (X)	1.77	2.12	1.26	0.21	0.07
EarningsYield	0.01	0.01	0.01	0.09	0.45

After reviewing the key financial ratios for Solex Energy Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 10.92. This value is within the healthy range. It has increased from 3.39 (Mar 23) to 10.92, marking an increase of 7.53.
For Diluted EPS (Rs.), as of Mar 24, the value is 10.92. This value is within the healthy range. It has increased from 3.39 (Mar 23) to 10.92, marking an increase of 7.53.
For Cash EPS (Rs.), as of Mar 24, the value is 21.50. This value is within the healthy range. It has increased from 9.06 (Mar 23) to 21.50, marking an increase of 12.44.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 57.80. It has increased from 47.03 (Mar 23) to 57.80, marking an increase of 10.77.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 57.80. It has increased from 47.03 (Mar 23) to 57.80, marking an increase of 10.77.
For Dividend / Share (Rs.), as of Mar 24, the value is 0.55. This value is below the healthy minimum of 1. It has increased from 0.15 (Mar 23) to 0.55, marking an increase of 0.40.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 457.40. It has increased from 202.14 (Mar 23) to 457.40, marking an increase of 255.26.
For PBDIT / Share (Rs.), as of Mar 24, the value is 38.13. This value is within the healthy range. It has increased from 17.50 (Mar 23) to 38.13, marking an increase of 20.63.
For PBIT / Share (Rs.), as of Mar 24, the value is 27.56. This value is within the healthy range. It has increased from 11.83 (Mar 23) to 27.56, marking an increase of 15.73.
For PBT / Share (Rs.), as of Mar 24, the value is 14.43. This value is within the healthy range. It has increased from 4.81 (Mar 23) to 14.43, marking an increase of 9.62.
For Net Profit / Share (Rs.), as of Mar 24, the value is 10.92. This value is within the healthy range. It has increased from 3.39 (Mar 23) to 10.92, marking an increase of 7.53.
For PBDIT Margin (%), as of Mar 24, the value is 8.33. This value is below the healthy minimum of 10. It has decreased from 8.65 (Mar 23) to 8.33, marking a decrease of 0.32.
For PBIT Margin (%), as of Mar 24, the value is 6.02. This value is below the healthy minimum of 10. It has increased from 5.85 (Mar 23) to 6.02, marking an increase of 0.17.
For PBT Margin (%), as of Mar 24, the value is 3.15. This value is below the healthy minimum of 10. It has increased from 2.38 (Mar 23) to 3.15, marking an increase of 0.77.
For Net Profit Margin (%), as of Mar 24, the value is 2.38. This value is below the healthy minimum of 5. It has increased from 1.67 (Mar 23) to 2.38, marking an increase of 0.71.
For Return on Networth / Equity (%), as of Mar 24, the value is 18.88. This value is within the healthy range. It has increased from 7.20 (Mar 23) to 18.88, marking an increase of 11.68.
For Return on Capital Employeed (%), as of Mar 24, the value is 22.74. This value is within the healthy range. It has increased from 10.96 (Mar 23) to 22.74, marking an increase of 11.78.
For Return On Assets (%), as of Mar 24, the value is 4.12. This value is below the healthy minimum of 5. It has increased from 1.92 (Mar 23) to 4.12, marking an increase of 2.20.
For Long Term Debt / Equity (X), as of Mar 24, the value is 1.02. This value exceeds the healthy maximum of 1. It has decreased from 1.19 (Mar 23) to 1.02, marking a decrease of 0.17.
For Total Debt / Equity (X), as of Mar 24, the value is 2.08. This value exceeds the healthy maximum of 1. It has increased from 1.75 (Mar 23) to 2.08, marking an increase of 0.33.
For Asset Turnover Ratio (%), as of Mar 24, the value is 2.07. It has increased from 1.50 (Mar 23) to 2.07, marking an increase of 0.57.
For Current Ratio (X), as of Mar 24, the value is 1.32. This value is below the healthy minimum of 1.5. It has decreased from 1.53 (Mar 23) to 1.32, marking a decrease of 0.21.
For Quick Ratio (X), as of Mar 24, the value is 0.74. This value is below the healthy minimum of 1. It has decreased from 0.97 (Mar 23) to 0.74, marking a decrease of 0.23.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 6.32. This value is within the healthy range. It has increased from 6.29 (Mar 23) to 6.32, marking an increase of 0.03.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 1.37. This value is below the healthy minimum of 20. It has decreased from 4.42 (Mar 23) to 1.37, marking a decrease of 3.05.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 0.69. This value is below the healthy minimum of 20. It has decreased from 1.65 (Mar 23) to 0.69, marking a decrease of 0.96.
For Earning Retention Ratio (%), as of Mar 24, the value is 98.63. This value exceeds the healthy maximum of 70. It has increased from 95.58 (Mar 23) to 98.63, marking an increase of 3.05.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 99.31. This value exceeds the healthy maximum of 70. It has increased from 98.35 (Mar 23) to 99.31, marking an increase of 0.96.
For Interest Coverage Ratio (X), as of Mar 24, the value is 2.90. This value is below the healthy minimum of 3. It has increased from 2.49 (Mar 23) to 2.90, marking an increase of 0.41.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 1.83. This value is below the healthy minimum of 3. It has increased from 1.48 (Mar 23) to 1.83, marking an increase of 0.35.
For Enterprise Value (Cr.), as of Mar 24, the value is 743.97. It has increased from 409.41 (Mar 23) to 743.97, marking an increase of 334.56.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 2.03. This value is within the healthy range. It has decreased from 2.53 (Mar 23) to 2.03, marking a decrease of 0.50.
For EV / EBITDA (X), as of Mar 24, the value is 24.39. This value exceeds the healthy maximum of 15. It has decreased from 29.25 (Mar 23) to 24.39, marking a decrease of 4.86.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.77. This value is within the healthy range. It has decreased from 2.12 (Mar 23) to 1.77, marking a decrease of 0.35.
For Retention Ratios (%), as of Mar 24, the value is 98.62. This value exceeds the healthy maximum of 70. It has increased from 95.57 (Mar 23) to 98.62, marking an increase of 3.05.
For Price / BV (X), as of Mar 24, the value is 14.01. This value exceeds the healthy maximum of 3. It has increased from 9.13 (Mar 23) to 14.01, marking an increase of 4.88.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.77. This value is within the healthy range. It has decreased from 2.12 (Mar 23) to 1.77, marking a decrease of 0.35.
For EarningsYield, as of Mar 24, the value is 0.01. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Solex Energy Ltd as of June 1, 2025 is: 1,460.74

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of June 1, 2025, Solex Energy Ltd is Undervalued by 23.48% compared to the current share price 1,183.00

Intrinsic Value of Solex Energy Ltd as of June 1, 2025 is: 2,459.33

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of June 1, 2025, Solex Energy Ltd is Undervalued by 107.89% compared to the current share price 1,183.00

Last 5 Year EPS CAGR: 68.36%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 21.00%, which is a positive sign. The company has shown consistent growth in sales (164.82 cr) and profit (8.18 cr) over the years.	The stock has a high average Working Capital Days of 104.10, which may not be favorable. The stock has a high average Cash Conversion Cycle of 143.00, which may not be favorable. The company has higher borrowings (33.36) compared to reserves (27.36), which may suggest financial risk.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Solex Energy Ltd:
1. Net Profit Margin: 2.38%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 22.74% (Industry Average ROCE: 14.45%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 18.88% (Industry Average ROE: 18.04%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 1.83
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.74
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 32.3 (Industry average Stock P/E: 34.55)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 2.08
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Solex Energy Ltd. is a Public Limited Listed company incorporated on 13/10/2014 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L40106GJ2014PLC081036 and registration number is 081036. Currently company belongs to the Industry of Electric Equipment - General. Company's Total Operating Revenue is Rs. 660.05 Cr. and Equity Capital is Rs. 10.80 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Electric Equipment - General	Plot No. 131/A, Phase 1, Nr. Krimy Industries, Anand Gujarat 388121	info@solex.in http://www.solex.in

Management
Name	Position Held
Mr. Chetan Sureshchandra Shah	Chairman & Managing Director
Mr. Piyush Kailashchandra Chandak	Executive Director
Mr. Kalpeshkumar Ramanbhai Patel	Executive Director
Mrs. Kiran Ritesh Shah	Executive Director
Mr. Anil Rathi	Non Executive Director
Mr. Vipul Mulchand Shah	Non Executive Director
Mr. Amitkumar D Trivedi	Independent Director
Mr. Rajeshbhai Tulsibhai Patel	Independent Director
Mr. Kamlesh Pravin Yagnik	Independent Director

FAQ

What is the intrinsic value of Solex Energy Ltd?

Solex Energy Ltd's intrinsic value (as of 31 May 2025) is ₹1460.74 — 23.48% higher the current market price of 1,183.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 1,278 Cr. market cap, FY2025-2026 high/low of ₹1,787/631, reserves of 147 Cr, and liabilities of 467 Cr.

What is the Market Cap of Solex Energy Ltd?

The Market Cap of Solex Energy Ltd is 1,278 Cr..

What is the current Stock Price of Solex Energy Ltd as on 31 May 2025?

The current stock price of Solex Energy Ltd as on 31 May 2025 is 1,183.

What is the High / Low of Solex Energy Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Solex Energy Ltd stocks is ₹1,787/631.

What is the Stock P/E of Solex Energy Ltd?

The Stock P/E of Solex Energy Ltd is 32.3.

What is the Book Value of Solex Energy Ltd?

The Book Value of Solex Energy Ltd is 146.

What is the Dividend Yield of Solex Energy Ltd?

The Dividend Yield of Solex Energy Ltd is 0.05 %.

What is the ROCE of Solex Energy Ltd?

The ROCE of Solex Energy Ltd is 28.2 %.

What is the ROE of Solex Energy Ltd?

The ROE of Solex Energy Ltd is 38.7 %.

What is the Face Value of Solex Energy Ltd?

The Face Value of Solex Energy Ltd is 10.0.