NSE: SOLEX · BSE: 544862 · ISIN INE880Y01017
Solex Energy Limited stock analysis
Solex Energy Limited ranks #1087 in the TickerSutra evidence-ranked universe with a score of 57/100 and 95% data confidence. The latest captured fundamentals show ROCE of 34.0%, quarterly sales growth of 4.1% and quarterly profit growth of -68.2%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- ROCE is 34%
- Strong CFO/EBITDA of 1.26×
- 113% three-year sales CAGR
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹72cr | ₹2cr | ₹1cr | 2.6% |
| 2023 | ₹161cr | ₹11cr | ₹3cr | 7.0% |
| 2024 | ₹366cr | ₹28cr | ₹9cr | 8.0% |
| 2025 | ₹660cr | ₹69cr | ₹40cr | 10.0% |
| 2026 | ₹1,555cr | ₹170cr | ₹89cr | 11.0% |
| TTM | ₹1,566cr | ₹160cr | ₹74cr | 10.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Solex Energy Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
RoutineSolex Energy Ltd - 544862 - Transcript Of 12Th Annual General MeetingBSE · 26 Sept 2026Transcript of 12th Annual General Meeting
RoutineGeneral UpdatesNSE · 26 Sept 2026Solex Energy Limited has informed the Exchange about Transcript of 12th Annual General Meeting
RoutineSolex Energy Ltd - 544862 - Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseBSE · 22 Sept 2026Submission of Press Release
RoutinePress ReleaseNSE · 22 Sept 2026Solex Energy Limited has informed the Exchange regarding a press release dated September 22, 2026, titled "Solex Energy Outlines Next Phase of Growth at 12th AGM, Targets Rupees 4,500 Crore Revenue Potential by FY28".
MANAGEMENT COMMENTARY
Signals from filed documents
Profit after tax for the financial year 2025-26 stood at H982.52 Millions as against H422.26 Millions for the financial year 2024-25 showing an increase of 132.7%. Company’s Affair During the financial year under review, the Company continued to strengthen its position in the renewable energy sector through sustained operational excellence, strategic capacity expansion and a continued focus on innovation and customer
Company’s Affair During the financial year under review, the Company continued to strengthen its position in the renewable energy sector through sustained operational excellence, strategic capacity expansion and a continued focus on innovation and customer-centric solutions. The Company remained committed to delivering high-quality solar photovoltaic solutions while reinforcing its manufacturing capabilities and Fina
We strengthened our execution capabilities through 8000 + vehicle movements, 4500 + dispatches, and 3500+ import containers. Profit growth: Delivered 132.7% growth in net profit, demonstrating operational leverage and disciplined growth. Advance our technology leadership with next-generation solar modules and enhanced manufacturing automation.
We have begun FY 27 with a defining strategic milestone with the signing of the INR 4 , 000 crore s that is INR 40,000 million M o U with the G overnment of Gujarat. This reflects our clear intent to deepen backward integration and contribute meaningfully to India's renewable energy self - reliance. The phased - wise planned development of 5 - gigawatt solar cell and 10 - gigawatt of Battery Energy Storag e System ,
Acting as the digital backbone of the production environment, MES connects processes, people, and data across the manufacturing value chain, creating a seamless flow of information from raw material receipt to finished product dispatch. The platform enables: End-to-end traceability across the manufacturing lifecycle Real-time production scheduling and monitoring Integrated quality management and process control
Role of technology in execution management Digital systems increasingly support execution visibility, coordination and control across project lifecycles. Key applications include: Real-time inventory tracking and material movement visibility Monitoring of regulatory approval status and compliance workflows Live tracking of ground execution progress Daily project reporting dashboards (DPR systems) Structured
There are subsidies available for manufacturing under the electronic policy scheme, so we will apply for t hat. My second question would be, many of our peers have noted quite a sharp EBITDA contraction during this quarter, raising concerns mainly due to raw material inflation. What is our view on where do you see the raw material pri ces going from here, and for how much inventory do we hold to hedge against this ri
Earnings calls are conducted following the announcement of financial results, and the audio recordings and transcripts of such calls are made available on the Company's website. Investor presentations shared with institutional investors and financial analysts are submitted to the stock exchanges and hosted on the Company's website. Through these initiatives, the Company ensures timely dissemination of information and
And t here are certain raw materials where we have arrangements with our vendors for a price lock. But the current situation is so uncertain, so we are in constant touch with our clients regarding any uncontrollable price increase. Moderator: Next questio n is from the line of Ayush Agarwal from Mapl Value Investing Fund .
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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