Pulse
NIFTY 5024,980.40+0.35%
SENSEX81,720.10+0.28%
NIFTY SHARIAH 254,850.15+0.42%
GOLD 24K (10g)₹75,420+0.38%
SILVER (1kg)₹88,400-0.12%
ACTIVE IPOS8 Open+38% GMP
TCS₹4,124.50+1.18%
INFY₹1,892.40+1.22%
USD/INR₹83.92-0.04%
NIFTY 5024,980.40+0.35%
SENSEX81,720.10+0.28%
NIFTY SHARIAH 254,850.15+0.42%
GOLD 24K (10g)₹75,420+0.38%
SILVER (1kg)₹88,400-0.12%
ACTIVE IPOS8 Open+38% GMP
TCS₹4,124.50+1.18%
INFY₹1,892.40+1.22%
USD/INR₹83.92-0.04%
SOLEX ENERGY LIMITED

SOLEX ENERGY LIMITED

NSE: SOLEX
SolarTechnologySMALL CAPMCap ₹695.3 Cr
₹643.65₹-9.50 (-1.45%)

Market Closed • NSE

Market cap₹695.3 Cr
Enterprise value₹923.9 Cr
P/E TTM8.71
P/B2.75
EPS TTM₹73.90
ROCE34.00%
D/E1.32
Dividend yield0.00%
Face value₹10.00
52W high₹1,985.00
52W low₹638.20
Price chart(1Y)
1Y Return:-42.01% (₹466.25)
H: ₹1,172L: ₹638.2
1W-5.65%
1M-8.73%
3M-35.43%
6M-50.11%
1Y-60.50%
Today at a glance

Day range

₹638.20₹654.25

52 week range

₹638.20₹1,985.00
Volume29.9K0.29x 20D avg
Free float50.00%-70.70% volume

SOLEX ENERGY LIMITED closed at INR643.65 (-1.45%) on volume 0.29x its 20-day average, trading 67.57% below its 52-week high.

Technical analysis
RSI (14)32.5Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹33.26High
SMA 20₹685.34BEARISH
SMA 50₹760.67BEARISH
SMA 100₹919.05BEARISH
SMA 200₹1,016.44BEARISH
CPR bottom₹665.60
Pivot₹661.45
CPR top₹657.30
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -87% QoQ

2026-09-15

DIVIDEND Announced

Dividend - Re 0.55 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL3/4 criteria
Non-Compliant (Financial Ratios)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹338.6 Cr₹695.3 Cr48.71%≤ 33%FAIL
Non-halal income ratio–₹1.62k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹1.10k Cr₹1.18k Cr93.53%≥ 20%PASS
Receivables ratio–₹1.18k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E8.7122.80
Forward P/E——
P/B2.753.70
EV/EBITDA—18.00
PEG—2.10
Earnings yield11.504.40
Growth & profitability
RevenuePAT
FY24PAT margin 2.50%
FY25PAT margin 6.30%
FY26PAT margin 5.90%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+34.80%
Revenue CAGR 5Y+34.60%
PAT CAGR 3Y+33.90%
PAT CAGR 5Y+61.50%
Operating margin7.21%
Net margin4.93%
Financial health & cash flow
Net debt₹262.3 CrModerate
Interest coverage5.10xEBIT / interest
CFO / PAT1.65x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹200.7 Cr
Capital expenditure–
Free cash flow₹7.2 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall73/100
Valuation75/100
Profitability80/100
Financial health65/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Strong Capital Efficiency: ROCE stands at 34.0%

High Cash Flow Conversion: CFO/PAT averaged 1.65x over last 3 years

Attractive Valuation: P/E of 8.7x trades below sector historical averages

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Solar.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

80%53%27%0%Sept 2023Sept 2024Sept 2025Dec 2025
0.58%Institutional holding
33.26%Public holding
4Periods available
0.00%Promoter pledged
10.38KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
15 Sept 2026Dividend₹0.55 / share—15 Sept 2026
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)39.83%-3.84% latest vs average
Highest delivery54.59%on 15 Sept
Average volume (20D)103.1KTrading-session average
Conviction trendWeakening-3.84% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Tata Consultancy Services Limited
Tata Consultancy Services LimitedTCS
Open analysis
₹7.80L15.662.31%₹72,275.00₹13,420.00+13.93%+4.69%
Infosys Limited
Infosys LimitedINFY
Open analysis
₹4.15L13.945.02%₹48,211.00₹7,775.00+14.03%+12.29%
HCL Technologies Limited
HCL Technologies LimitedHCLTECH
Open analysis
₹3.29L18.935.10%₹34,579.00₹4,626.00+13.94%+20.34%
Wipro Limited
Wipro LimitedWIPRO
Open analysis
₹1.61L12.915.05%₹24,236.30₹3,501.80+7.70%-1.90%
Tech Mahindra Limited
Tech Mahindra LimitedTECHM
Open analysis
₹1.34L26.183.41%₹15,712.00₹1,486.00+17.68%+31.62%
LTM Limited
LTM LimitedLTM
Open analysis
₹1.21L23.091.92%₹11,608.00₹1,469.00+17.96%+17.05%
LG ELECTRONICS INDIA LTD
LG ELECTRONICS INDIA LTDLGEINDIA
Open analysis
₹1.19L65.340.00%₹7,233.35₹652.86——
One97 Communications Limited
One97 Communications LimitedPAYTM
Open analysis
₹1.05L163.440.00%₹2,264.00₹184.00+18.41%+134.07%
About SOLEX ENERGY LIMITED
SOLEX ENERGY LIMITED

Incorporated in 1995, Solex Energy Ltd manufactures solar photo-voltaic cells and modules and is also in the Engineering, Procurement and Construction in the solar energy market[1]

IndiaTechnology

Questions investors ask
Is SOLEX ENERGY LIMITED Shariah compliant?

SOLEX ENERGY LIMITED is currently screened as Non-Compliant (Financial Ratios) under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (48.71%) exceeds AAOIFI threshold (≤ 33%).

What is SOLEX ENERGY LIMITED's current valuation relative to peers?

SOLEX ENERGY LIMITED trades at a P/E of 8.7x compared to the sector median of 22.8x, and a Price-to-Book of 2.7x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 1.32x. Interest coverage is 5.1x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 34.6% while net profit growth averaged 61.5%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-09. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.