Share Price and Basic Stock Data
Last Updated: October 17, 2025, 10:23 pm
| PEG Ratio | 0.56 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Solex Energy Ltd operates within the electric equipment sector, focusing on gensets and turbines. The company recorded a sales figure of ₹161 Cr for the fiscal year ending March 2023, representing a substantial growth from ₹72 Cr in the previous year. The sales trajectory has shown a remarkable upward trend, with a forecasted sales figure of ₹660 Cr for the fiscal year ending March 2025. This growth is reflected in the quarterly performance, where sales increased to ₹273 Cr in March 2024, a significant jump from ₹141 Cr in March 2023. However, the company also faced fluctuations, with sales dipping to ₹22 Cr in September 2020, highlighting some volatility in performance. The operating profit margin (OPM) stood at 7% for March 2023, with projections indicating a potential rise to 12% by March 2025. This suggests that the company is not only expanding its revenue but also improving its operational efficiency, although the OPM remains modest compared to industry standards, which often exceed 10% for leading players in the electric equipment sector.
Profitability and Efficiency Metrics
The profitability metrics for Solex Energy Ltd indicate a positive trend, with a net profit of ₹3 Cr reported for March 2023, which is expected to rise substantially to ₹40 Cr by March 2025. The earnings per share (EPS) also reflect this growth, increasing from ₹2.71 in March 2023 to ₹36.66 in March 2025. The return on equity (ROE) stood impressively at 38.7%, showcasing the company’s ability to generate substantial returns for shareholders. Furthermore, the return on capital employed (ROCE) was reported at 28.2%, indicating efficient use of capital in generating profits. The interest coverage ratio (ICR) of 7.12x highlights a strong ability to meet interest obligations, suggesting lower financial risk. However, the operating profit margin remains a concern, as it has fluctuated between 2% and 9% over the past few years, indicating that while the company is growing, it may face challenges in maintaining profitability during downturns. The cash conversion cycle of 62 days indicates a reasonable efficiency in managing working capital.
Balance Sheet Strength and Financial Ratios
Solex Energy’s balance sheet shows a mix of strengths and risks. As of March 2025, the company reported total borrowings of ₹148 Cr against reserves of ₹147 Cr, resulting in a debt-to-equity ratio of 0.91x. This level of debt suggests a relatively high leverage position, which could pose risks if cash flows do not stabilize. The current ratio stands at 1.47, indicating healthy liquidity, while the quick ratio of 0.74 reveals a potential concern regarding immediate liquidity needs. The company has shown consistent growth in reserves, which increased from ₹30 Cr in March 2023 to ₹147 Cr in March 2025, reflecting a solid retention of earnings. Additionally, the book value per share increased significantly to ₹148.69, up from ₹57.80 in the previous fiscal year. This improvement in book value suggests that shareholders’ equity is strengthening, providing a buffer against potential downturns. However, the price-to-book value ratio of 4.24x indicates that the stock may be overvalued relative to its book value, which could deter new investors.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Solex Energy Ltd illustrates a stable control by promoters, who held 66.15% of the company as of March 2025. This consistent promoter stake can instill confidence among investors regarding the company’s strategic direction. Foreign institutional investors (FIIs) hold a mere 0.01%, indicating limited foreign interest, while domestic institutional investors (DIIs) account for 0.79%. The public shareholding has increased to 33.06%, reflecting growing retail investor interest, as the number of shareholders surged from 567 in March 2023 to 2,917 in March 2025. This increase in shareholder count suggests enhanced market confidence, potentially driven by the company’s improving financial performance. However, the low representation of institutional investors, particularly from FIIs, may suggest a lack of broader institutional confidence, which could impact liquidity and stock price stability in the long run.
Outlook, Risks, and Final Insight
If margins sustain their upward trajectory and the company continues to manage its operational costs effectively, Solex Energy Ltd could further enhance its profitability. The growing sales figures indicate strong demand, but the company must navigate potential risks, including rising raw material costs and fluctuating market conditions that could impact margins. The high debt levels pose a risk in the context of economic downturns, where cash flow could be affected. Moreover, maintaining investor confidence will be crucial, especially given the low FII participation. The company’s ability to leverage its strong promoter backing and expand its operational efficiency will be key drivers for future growth. If Solex can successfully address these challenges while capitalizing on its growth momentum, it may emerge as a stronger player in the electric equipment sector.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
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 | 41.8 Cr. | 90.0 | 182/68.0 | 17.8 | 0.00 % | 2.25 % | 5.88 % | 10.0 | |
| Solex Energy Ltd | 1,505 Cr. | 1,394 | 1,826/631 | 38.0 | 146 | 0.04 % | 28.2 % | 38.7 % | 10.0 |
| Honda India Power Products Ltd | 2,694 Cr. | 2,660 | 4,164/1,815 | 36.8 | 851 | 3.76 % | 12.8 % | 9.47 % | 10.0 |
| Industry Average | 2,099.50 Cr | 1,381.33 | 37.40 | 338.27 | 1.27% | 14.42% | 18.02% | 10.00 |
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.
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% |
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: | 126% |
| 3 Years: | 80% |
| 1 Year: | -7% |
| Return on Equity | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 23% |
| 3 Years: | 28% |
| Last Year: | 39% |
Last Updated: September 5, 2025, 1:31 pm
Balance Sheet
Last Updated: September 10, 2025, 2:32 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 | 14 | 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 14.00 Cr. (Mar 2024) to 3.00 Cr., marking a decrease of 11.00 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.
Cash Flow - No data available for this post.
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.
Financial Efficiency Indicators
| Month | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 279 | 75 | 181 | 137 | 136 | 147 | 255 | 105 | 68 | 47 | 62 |
| Inventory Days | |||||||||||
| Days Payable | |||||||||||
| Cash Conversion Cycle | 279 | 75 | 181 | 137 | 136 | 147 | 255 | 105 | 68 | 47 | 62 |
| Working Capital Days | 43 | 6 | 13 | 77 | 48 | 68 | 122 | 132 | 64 | 23 | 56 |
| ROCE % | 23% | 37% | 42% | 34% | 29% | 11% | 4% | 12% | 18% | 28% |
This stock is not held by any mutual fund.
Key Financial Ratios
| Month | Mar 25 | Mar 24 |
|---|---|---|
| FaceValue | 10.00 | 10.00 |
| Basic EPS (Rs.) | 43.82 | 10.92 |
| Diluted EPS (Rs.) | 43.82 | 10.92 |
| Cash EPS (Rs.) | 48.16 | 21.50 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 148.69 | 57.80 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 148.69 | 57.80 |
| Revenue From Operations / Share (Rs.) | 613.03 | 457.40 |
| PBDIT / Share (Rs.) | 71.01 | 38.13 |
| PBIT / Share (Rs.) | 62.47 | 27.56 |
| PBT / Share (Rs.) | 52.50 | 14.43 |
| Net Profit / Share (Rs.) | 39.61 | 10.92 |
| NP After MI And SOA / Share (Rs.) | 38.91 | 10.92 |
| PBDIT Margin (%) | 11.58 | 8.33 |
| PBIT Margin (%) | 10.19 | 6.02 |
| PBT Margin (%) | 8.56 | 3.15 |
| Net Profit Margin (%) | 6.46 | 2.38 |
| NP After MI And SOA Margin (%) | 6.34 | 2.38 |
| Return on Networth / Equity (%) | 26.16 | 18.88 |
| Return on Capital Employeed (%) | 28.85 | 22.74 |
| Return On Assets (%) | 8.75 | 4.12 |
| Long Term Debt / Equity (X) | 0.42 | 1.02 |
| Total Debt / Equity (X) | 0.91 | 2.08 |
| Current Ratio (X) | 1.47 | 1.31 |
| Quick Ratio (X) | 0.74 | 0.73 |
| Interest Coverage Ratio (X) | 7.12 | 2.90 |
| Interest Coverage Ratio (Post Tax) (X) | 4.97 | 1.83 |
| Enterprise Value (Cr.) | 818.19 | 743.97 |
| EV / Net Operating Revenue (X) | 1.24 | 2.03 |
| EV / EBITDA (X) | 10.67 | 24.39 |
| MarketCap / Net Operating Revenue (X) | 1.03 | 1.77 |
| Price / BV (X) | 4.24 | 14.01 |
| Price / Net Operating Revenue (X) | 1.03 | 1.77 |
| EarningsYield | 0.06 | 0.01 |
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 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 43.82. This value is within the healthy range. It has increased from 10.92 (Mar 24) to 43.82, marking an increase of 32.90.
- For Diluted EPS (Rs.), as of Mar 25, the value is 43.82. This value is within the healthy range. It has increased from 10.92 (Mar 24) to 43.82, marking an increase of 32.90.
- For Cash EPS (Rs.), as of Mar 25, the value is 48.16. This value is within the healthy range. It has increased from 21.50 (Mar 24) to 48.16, marking an increase of 26.66.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 148.69. It has increased from 57.80 (Mar 24) to 148.69, marking an increase of 90.89.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 148.69. It has increased from 57.80 (Mar 24) to 148.69, marking an increase of 90.89.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 613.03. It has increased from 457.40 (Mar 24) to 613.03, marking an increase of 155.63.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 71.01. This value is within the healthy range. It has increased from 38.13 (Mar 24) to 71.01, marking an increase of 32.88.
- For PBIT / Share (Rs.), as of Mar 25, the value is 62.47. This value is within the healthy range. It has increased from 27.56 (Mar 24) to 62.47, marking an increase of 34.91.
- For PBT / Share (Rs.), as of Mar 25, the value is 52.50. This value is within the healthy range. It has increased from 14.43 (Mar 24) to 52.50, marking an increase of 38.07.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 39.61. This value is within the healthy range. It has increased from 10.92 (Mar 24) to 39.61, marking an increase of 28.69.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 38.91. This value is within the healthy range. It has increased from 10.92 (Mar 24) to 38.91, marking an increase of 27.99.
- For PBDIT Margin (%), as of Mar 25, the value is 11.58. This value is within the healthy range. It has increased from 8.33 (Mar 24) to 11.58, marking an increase of 3.25.
- For PBIT Margin (%), as of Mar 25, the value is 10.19. This value is within the healthy range. It has increased from 6.02 (Mar 24) to 10.19, marking an increase of 4.17.
- For PBT Margin (%), as of Mar 25, the value is 8.56. This value is below the healthy minimum of 10. It has increased from 3.15 (Mar 24) to 8.56, marking an increase of 5.41.
- For Net Profit Margin (%), as of Mar 25, the value is 6.46. This value is within the healthy range. It has increased from 2.38 (Mar 24) to 6.46, marking an increase of 4.08.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 6.34. This value is below the healthy minimum of 8. It has increased from 2.38 (Mar 24) to 6.34, marking an increase of 3.96.
- For Return on Networth / Equity (%), as of Mar 25, the value is 26.16. This value is within the healthy range. It has increased from 18.88 (Mar 24) to 26.16, marking an increase of 7.28.
- For Return on Capital Employeed (%), as of Mar 25, the value is 28.85. This value is within the healthy range. It has increased from 22.74 (Mar 24) to 28.85, marking an increase of 6.11.
- For Return On Assets (%), as of Mar 25, the value is 8.75. This value is within the healthy range. It has increased from 4.12 (Mar 24) to 8.75, marking an increase of 4.63.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.42. This value is within the healthy range. It has decreased from 1.02 (Mar 24) to 0.42, marking a decrease of 0.60.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.91. This value is within the healthy range. It has decreased from 2.08 (Mar 24) to 0.91, marking a decrease of 1.17.
- For Current Ratio (X), as of Mar 25, the value is 1.47. This value is below the healthy minimum of 1.5. It has increased from 1.31 (Mar 24) to 1.47, marking an increase of 0.16.
- For Quick Ratio (X), as of Mar 25, the value is 0.74. This value is below the healthy minimum of 1. It has increased from 0.73 (Mar 24) to 0.74, marking an increase of 0.01.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 7.12. This value is within the healthy range. It has increased from 2.90 (Mar 24) to 7.12, marking an increase of 4.22.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 4.97. This value is within the healthy range. It has increased from 1.83 (Mar 24) to 4.97, marking an increase of 3.14.
- For Enterprise Value (Cr.), as of Mar 25, the value is 818.19. It has increased from 743.97 (Mar 24) to 818.19, marking an increase of 74.22.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 1.24. This value is within the healthy range. It has decreased from 2.03 (Mar 24) to 1.24, marking a decrease of 0.79.
- For EV / EBITDA (X), as of Mar 25, the value is 10.67. This value is within the healthy range. It has decreased from 24.39 (Mar 24) to 10.67, marking a decrease of 13.72.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 1.03. This value is within the healthy range. It has decreased from 1.77 (Mar 24) to 1.03, marking a decrease of 0.74.
- For Price / BV (X), as of Mar 25, the value is 4.24. This value exceeds the healthy maximum of 3. It has decreased from 14.01 (Mar 24) to 4.24, marking a decrease of 9.77.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 1.03. This value is within the healthy range. It has decreased from 1.77 (Mar 24) to 1.03, marking a decrease of 0.74.
- For EarningsYield, as of Mar 25, the value is 0.06. This value is below the healthy minimum of 5. It has increased from 0.01 (Mar 24) to 0.06, marking an increase of 0.05.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
|
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:
- Net Profit Margin: 6.46%
- 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.
- ROCE: 28.85% (Industry Average ROCE: 14.42%)
- 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.
- ROE%: 26.16% (Industry Average ROE: 18.02%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 4.97
- 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.
- 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.
- Stock P/E: 38 (Industry average Stock P/E: 37.4)
- 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.
- Total Debt / Equity: 0.91
- 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.
Stock Rating: - Net Profit Margin: 6.46%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Electric Equipment - General | 8th Floor, 801-812, Rio Empire, Opp RTO, Pal, Surat Gujarat 0 | cs@solex.in 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 |
| Mr. Sanjay Bhagvandas Punjabi | Independent Director |
| Mr. Jayesh Jayantilal Gajjar | Independent Director |
| Mr. Sanjay Srivastava | Independent Director |
FAQ
What is the intrinsic value of Solex Energy Ltd?
Solex Energy Ltd's intrinsic value (as of 17 October 2025) is 1718.35 which is 23.27% higher the current market price of 1,394.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 1,505 Cr. market cap, FY2025-2026 high/low of 1,826/631, 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 1,505 Cr..
What is the current Stock Price of Solex Energy Ltd as on 17 October 2025?
The current stock price of Solex Energy Ltd as on 17 October 2025 is 1,394.
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 1,826/631.
What is the Stock P/E of Solex Energy Ltd?
The Stock P/E of Solex Energy Ltd is 38.0.
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 0.04 %.
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.