Solex Energy Ltd: Intrinsic Value & Share Price Analysis

Q: What is the intrinsic value of Solex Energy Ltd and is it undervalued?

As of 07 May 2026, Solex Energy Ltd's intrinsic value is 1061.17, which is 19.61% lower than the current market price of 1,320.00, suggesting the stock is overvalued. Calculated using the PE ratio method factoring in ROE (38.7 %), book value (167), dividend yield (0.04 %), and 5-year EPS CAGR.

Q: What is the current share price and 52-week range of Solex Energy Ltd?

Solex Energy Ltd is trading at 1,320.00 as of 07 May 2026, with a FY2026-2027 high of 1,985 and low of 795. The stock is currently in the middle of its 52-week range. Market cap stands at 1,426 Cr..

Q: Is Solex Energy Ltd financially healthy?

Key indicators: ROCE of 28.2 % indicates efficient capital utilization. Dividend yield is 0.04 %.

Q: Is Solex Energy Ltd profitable and how is the profit trend?

Solex Energy Ltd reported a net profit of 40 Cr in Mar 2025 on revenue of 660 Cr. Compared to 1 Cr in Mar 2022, the net profit shows an improving trend.

Fair Value

₹1,577.58Undervalued by 19.51%vs CMP ₹1,320.00

P/E (30.5) × ROE (38.7%) × BV (₹167.00) × DY (0.04%)

₹1,061.17Overvalued by 19.61%vs CMP ₹1,320.00

MoS: -24.4% (Negative)Confidence: 59/100 (Moderate)Models: 1 Under, 7 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹2,656.05	26%	Under (+101.2%)
Graham Number	Earnings	₹371.15	19%	Over (-71.9%)
DCF	Cash Flow	₹637.20	12%	Over (-51.7%)
Net Asset Value	Assets	₹167.55	8%	Over (-87.3%)
EV/EBITDA	Enterprise	₹595.20	10%	Over (-54.9%)
Earnings Yield	Earnings	₹366.60	8%	Over (-72.2%)
ROCE Capital	Returns	₹831.46	10%	Over (-37%)
Revenue Multiple	Revenue	₹610.94	6%	Over (-53.7%)
Consensus (8 models)		₹1,061.17	100%	Overvalued

Key Drivers: EPS CAGR 68.4% lifts DCF — verify sustainability. | Wide model spread (₹168–₹2,656) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 68.4%

*Investments are subject to market risks

Analyst Summary

Solex Energy Ltd operates in the Electric Equipment - Gensets/Turbines segment, current market price is ₹1,320.00, market cap is 1,426 Cr.. At a glance, stock P/E is 30.5, ROE is 38.7 %, ROCE is 28.2 %, book value is 167, dividend yield is 0.04 %. The latest intrinsic value estimate is ₹1,061.17, around 19.6% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹660 Cr versus the prior period change of 80.3%, while latest net profit is about ₹40 Cr with a prior-period change of 344.4%. The 52-week range shown on this page is 1,985/795, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisSolex 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 L40106GJ…

This summary is generated from the stock page data available for Solex Energy Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Solex Energy Ltd scores 65/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health68/100 · Strong

ROCE 28.2% ExcellentROE 38.7% ExcellentD/E 2.08 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money60/100 · Moderate

FII holding up 0.22% (6mo) Slight increasePromoter holding at 66.2% StableShareholders up 80% Retail surge

Earnings Quality65/100 · Strong

OPM expanding (5% → 9%) Improving

Quarterly Momentum50/100 · Moderate

Revenue (4Q): +28% YoY AcceleratingProfit (4Q): -2% YoY DecliningOPM: 7.9% (down 3.0% YoY) Margin pressure

Industry Rank85/100 · Strong

P/E 30.5 vs industry 29.3 In-lineROCE 28.2% vs industry 14.4% Above peersROE 38.7% vs industry 18.0% Above peers3Y sales CAGR: 109% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: May 5, 2026, 1:03 am

Market Cap	1,426 Cr.
Current Price	1,320
Intrinsic Value	₹1,061.17
High / Low	1,985/795
Stock P/E	30.5
Book Value	167
Dividend Yield	0.04 %
ROCE	28.2 %
ROE	38.7 %
Face Value	10.0
PEG Ratio	0.45

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

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Solex Energy Ltd	1,426 Cr.	1,320	1,985/795	30.5	167	0.04 %	28.2 %	38.7 %	10.0
Honda India Power Products Ltd	2,312 Cr.	2,286	3,256/1,817	28.1	750	4.53 %	12.8 %	9.47 %	10.0
Envair Electrodyne Ltd	22.1 Cr.	47.6	130/36.7		18.3	0.00 %	2.25 %	5.88 %	10.0
Industry Average	1,869.00 Cr	1,217.87		29.30	311.77	1.52%	14.42%	18.02%	10.00

All Competitor Stocks of Solex Energy Ltd

Quarterly Result

Metric	Sep 2024	Dec 2024	Jun 2025	Sep 2025	Dec 2025
Sales	131.75	134.29	249.20	148.61	317.99
Expenses	117.35	110.55	211.13	133.08	292.91
Operating Profit	14.40	23.74	38.07	15.53	25.08
OPM %	10.93%	17.68%	15.28%	10.45%	7.89%
Other Income	0.96	1.09	1.63	-0.48	1.29
Interest	2.53	2.89	5.41	5.89	9.18
Depreciation	1.98	2.51	4.26	4.44	6.08
Profit before tax	10.85	19.43	30.03	4.72	11.11
Tax %	15.85%	27.38%	25.14%	28.18%	25.92%
Net Profit	9.13	14.11	22.47	3.40	8.23
EPS in Rs	8.45	13.06	20.80	3.15	7.62

Last Updated: March 3, 2026, 2:38 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 10:15 pm

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:	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: December 4, 2025, 2:00 am

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
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	147	170
Borrowings	4	4	1	6	6	5	12	19	66	96	148	293
Other Liabilities	4	9	20	32	47	44	40	18	37	70	162	268
Total Liabilities	9	15	25	52	71	71	76	73	141	212	467	741
Fixed Assets	0	2	2	1	1	1	1	1	55	54	110	135
CWIP	0	0	0	0	0	0	0	24	1	0	2	144
Investments	0	0	0	0	0	0	0	0	1	14	3	2
Other Assets	8	13	23	51	70	70	75	48	85	143	352	461
Total Assets	9	15	25	52	71	71	76	73	141	212	467	741

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	1	-4	4	2	1	-20	-41	-6	-115
CFO/OP	76%	-44%	87%	53%	95%	222%	-49%	13%	-53%

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	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%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2021	Apr 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Dec 2025
Promoters	70.43%	70.65%	43.49%	70.65%	70.65%	70.65%	70.65%	70.66%	66.15%	66.15%	66.15%	66.15%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.01%	0.09%	0.25%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.10%	0.89%	0.79%	1.02%	0.98%
Public	29.57%	29.35%	56.51%	29.36%	29.35%	29.35%	29.35%	28.24%	32.94%	33.06%	32.75%	32.63%
No. of Shareholders	214	246	245	308	303	567	917	1,402	2,269	2,917	3,007	5,427

Shareholding Pattern Chart

No. of Shareholders

Solex Energy Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

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
Asset Turnover Ratio (%)	1.91	0.00
Current Ratio (X)	1.47	1.31
Quick Ratio (X)	0.74	0.73
Inventory Turnover Ratio (X)	5.39	0.00
Dividend Payout Ratio (NP) (%)	1.13	1.37
Dividend Payout Ratio (CP) (%)	0.92	0.69
Earning Retention Ratio (%)	98.87	98.63
Cash Earning Retention Ratio (%)	99.08	99.31
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
Retention Ratios (%)	98.86	98.62
Price / BV (X)	4.24	14.01
Price / Net Operating Revenue (X)	1.03	1.77
EarningsYield	0.06	0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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	8th Floor, 801-812, Rio Empire, Opp RTO, Pal, Surat Gujarat 395009	Contact not found

Management
Name	Position Held
Mr. Chetan Sureshchandra Shah	Chairman & Managing Director
Mr. Piyush Kailashchandra Chandak	Whole Time Director
Mr. Kalpeshkumar Ramanbhai Patel	Whole Time 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 and is it undervalued?

As of 07 May 2026, Solex Energy Ltd's intrinsic value is ₹1061.17, which is 19.61% lower than the current market price of ₹1,320.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (38.7 %), book value (₹167), dividend yield (0.04 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Solex Energy Ltd?

Solex Energy Ltd is trading at ₹1,320.00 as of 07 May 2026, with a FY2026-2027 high of ₹1,985 and low of ₹795. The stock is currently in the middle of its 52-week range. Market cap stands at ₹1,426 Cr..

How does Solex Energy Ltd's P/E ratio compare to its industry?

Solex Energy Ltd has a P/E ratio of 30.5, which is above the industry average of 29.30. The premium over industry average may reflect growth expectations or speculative interest.

Is Solex Energy Ltd financially healthy?

Key indicators for Solex Energy Ltd: ROCE of 28.2 % indicates efficient capital utilization; ROE of 38.7 % shows strong shareholder returns. Dividend yield is 0.04 %.

Is Solex Energy Ltd profitable and how is the profit trend?

Solex Energy Ltd reported a net profit of ₹40 Cr in Mar 2025 on revenue of ₹660 Cr. Compared to ₹1 Cr in Mar 2022, the net profit shows an improving trend.

Does Solex Energy Ltd pay dividends?

Solex Energy Ltd has a dividend yield of 0.04 % at the current price of ₹1,320.00. The company pays dividends, though the yield is modest.