About
Solex Energy Limited manufactures and sells solar photovoltaic modules in India. It provides solar turnkey solutions for solar power plants, solar water pumps, and utility scale ground mounted solar power plants, as well as engineering, procurement, and construction services for the solar energy market. The company also offers solar residential and industrial rooftop systems, off-grid power plants, solar grid-connected systems, solar home and street light systems, solar water pumps, and custom solar solutions. It serves government, real estate, agriculture, manufacturing, healthcare, hospitality, residential societies, banking institutions, educational institutes, transport and logistics, media and entertainment, and telecom and communications industries. Solex Energy Limited was founded in 1995 and is based in Surat, India.
Key Metrics
as of Sep 2026Market Cap786 Cr
P/E9.86
Div Yield0.08 %
Book Value₹234.00
52w High₹1,985.00
52w Low₹704.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Sales | 259.42 | 839.48 | 317.99 | 148.61 | 249.20 | 252.60 | 134.29 | 131.75 |
| Expenses | 232.46 | 747.11 | 292.91 | 133.08 | 211.13 | 230.21 | 110.55 | 117.35 |
| Operating Profit | 26.96 | 92.37 | 25.08 | 15.53 | 38.07 | 22.39 | 23.74 | 14.40 |
| OPM % | 10.39 | 11.00 | 7.89 | 10.45 | 15.28 | 8.86 | 17.68 | 10.93 |
| Other Income | 4.89 | 0.45 | 1.29 | -0.48 | 1.63 | 1.65 | 1.09 | 0.96 |
| Depreciation | 10.14 | 10.22 | 6.08 | 4.44 | 4.26 | 3.39 | 2.51 | 1.98 |
| Interest | 12.17 | 9.87 | 9.18 | 5.89 | 5.41 | 4.99 | 2.89 | 2.53 |
| Profit before tax | 9.54 | 72.73 | 11.11 | 4.72 | 30.03 | 15.66 | 19.43 | 10.85 |
| Tax % | 25.16 | 24.67 | 25.92 | 28.18 | 25.17 | 24.65 | 27.38 | 15.85 |
| Net Profit | 7.15 | 54.80 | 8.23 | 3.40 | 22.47 | 11.80 | 14.11 | 9.13 |
| EPS in Rs | 6.62 | 50.73 | 7.62 | 3.15 | 20.80 | 10.92 | 13.06 | 8.45 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,555.00 | 660.00 | 366.00 | 161.00 | 72.00 | 80.00 | 138.00 | 149.00 | 101.00 | 34.00 | 46.00 | 6.00 |
| Expenses | 1,385.00 | 591.00 | 337.00 | 150.00 | 70.00 | 76.00 | 131.00 | 141.00 | 96.00 | 32.00 | 45.00 | 6.00 |
| Operating Profit | 170.00 | 69.00 | 28.00 | 11.00 | 2.00 | 3.00 | 7.00 | 8.00 | 6.00 | 2.00 | 1.00 | 0.00 |
| OPM % | 11.00 | 10.00 | 8.00 | 7.00 | 2.60 | 4.20 | 5.00 | 5.00 | 6.00 | 6.00 | 2.40 | 5.00 |
| Other Income | 4.00 | 4.00 | 2.00 | 3.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 30.00 | 11.00 | 10.00 | 6.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 |
| Depreciation | 25.00 | 9.00 | 8.00 | 5.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 119.00 | 52.00 | 12.00 | 4.00 | 1.00 | 2.00 | 6.00 | 7.00 | 4.00 | 1.00 | 1.00 | 0.00 |
| Tax % | 25.00 | 24.00 | 24.00 | 30.00 | 20.00 | 29.00 | 29.00 | 27.00 | 28.00 | 33.00 | 31.00 | 29.00 |
| Net Profit | 89.00 | 40.00 | 9.00 | 3.00 | 1.00 | 2.00 | 4.00 | 5.00 | 3.00 | 1.00 | 0.00 | 0.00 |
| EPS in Rs | 82.30 | 36.66 | 8.73 | 2.71 | 0.99 | 2.71 | 7.18 | 8.02 | 5.10 | 3.25 | 2.05 | 1.00 |
| Dividend Payout % | 0.00 | 2.00 | 5.00 | 0.00 | 12.00 | 9.00 | 6.00 | 0.00 | 16.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11.00 | 11.00 | 8.00 | 8.00 | 8.00 | 5.00 | 5.00 | 5.00 | 5.00 | 2.00 | 2.00 | 0.82 |
| Reserves | 233.00 | 147.00 | 38.00 | 30.00 | 27.00 | 19.00 | 17.00 | 13.00 | 9.00 | 1.00 | 0.00 | 0.00 |
| Borrowings | 324.00 | 148.00 | 96.00 | 66.00 | 19.00 | 12.00 | 5.00 | 6.00 | 6.00 | 1.00 | 4.00 | 4.00 |
| Other Liabilities | 572.00 | 162.00 | 70.00 | 37.00 | 18.00 | 40.00 | 44.00 | 47.00 | 32.00 | 20.00 | 9.00 | 4.00 |
| Total Liabilities | 1,139.00 | 467.00 | 212.00 | 141.00 | 73.00 | 76.00 | 71.00 | 71.00 | 52.00 | 25.00 | 15.00 | 9.00 |
| Fixed Assets | 336.00 | 110.00 | 54.00 | 55.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 2.00 | 2.00 | 0.00 |
| CWIP | 11.00 | 2.00 | 0.00 | 1.00 | 24.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 1.00 | 3.00 | 14.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 791.00 | 352.00 | 143.00 | 85.00 | 48.00 | 75.00 | 70.00 | 70.00 | 51.00 | 23.00 | 13.00 | 8.00 |
| Total Assets | 1,139.00 | 467.00 | 212.00 | 141.00 | 73.00 | 76.00 | 71.00 | 71.00 | 52.00 | 25.00 | 15.00 | 9.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 214.00 | -49.00 | 2.00 | -6.00 | 4.00 | 2.00 | 2.00 | 5.00 | -4.00 | 1.00 |
| Cash from Investing Activity | -224.00 | -54.00 | -21.00 | -35.00 | -27.00 | -1.00 | -1.00 | -3.00 | -3.00 | 0.00 |
| Cash from Financing Activity | 74.00 | 113.00 | 20.00 | 41.00 | 22.00 | 0.00 | -2.00 | -2.00 | 6.00 | 0.00 |
| Net Cash Flow | 64.00 | 10.00 | 0.00 | 0.00 | -2.00 | 1.00 | 0.00 | 0.00 | -1.00 | 1.00 |
| Free Cash Flow | 20.00 | -115.00 | -6.00 | -41.00 | -20.00 | 1.00 | 2.00 | 4.00 | -4.00 | 1.00 |
| CFO/OP % | 133.00 | -53.00 | 13.00 | -49.00 | 222.00 | 95.00 | 53.00 | 87.00 | -44.00 | 76.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 78.00 | 62.00 | 47.00 | 68.00 | 105.00 | 255.00 | 147.00 | 136.00 | 137.00 | 181.00 | 75.00 | 279.00 |
| Inventory Days | 81.00 | — | — | — | — | — | — | — | — | — | — | — |
| Days Payable | 131.00 | — | — | — | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | 28.00 | 62.00 | 47.00 | 68.00 | 105.00 | 255.00 | 147.00 | 136.00 | 137.00 | 181.00 | 75.00 | 279.00 |
| Working Capital Days | 5.00 | 56.00 | 23.00 | 64.00 | 132.00 | 122.00 | 68.00 | 48.00 | 77.00 | 13.00 | 6.00 | 43.00 |
| ROCE % | 34.00 | 28.00 | 18.00 | 12.00 | 4.00 | 11.00 | 29.00 | 34.00 | 42.00 | 37.00 | 23.00 | — |
Corporate Actions
No corporate actions recorded.
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update24 Aug from crisil
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Rating update12 May from crisil
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Rating update8 Oct 2025 from crisil
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Rating update9 Jun 2025 from crisil
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Rating update26 May 2025 from crisil
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Rating update8 May 2025 from crisil