Solex Energy Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: SOLEX | Electric Equipment | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Solex Energy

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Solex Energy stock performance -

mw4me loader
P/E Ratio (SA):
241.55
Market Cap:
654.6 Cr.
52-wk low:
0
52-wk high:
0

Is Solex Energy Ltd an attractive stock to invest in?

1. Is Solex Energy Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Solex Energy Ltd is a average quality company.

2. Is Solex Energy Ltd undervalued or overvalued?

The key valuation ratios of Solex Energy Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Solex Energy Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Solex Energy Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Solex Energy:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Solex Energy Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 4.8%15.2%21.8%30.1%24.6%20.1%7.5%3.3%8.3%-
Value Creation
Index
-0.70.10.61.20.80.4-0.5-0.8-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6.446.434.110114913879.671.9162162
Sales YoY Gr.-628.8%-26.4%196.7%47.2%-7.4%-42.3%-9.7%124.9%-
Adj EPS 1.21.52.16.49.98.93.21.23.33.4
YoY Gr.-29.3%37.3%209.7%54.9%-9.9%-63.7%-62.9%172.5%-
BVPS (₹) 11.213.210.127.536.444.847.743.84747
Adj Net
Profit
0.10.40.73.24.94.41.612.63
Cash Flow from Ops. -21.41.2-3.852.12.53.920.7-
Debt/CF from Ops. -1.92.81-1.61.32.44.95.13.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA9.8%5.4%124.9%
Adj EPS NA-12.5%-28.4%172.5%
BVPSNA11.3%1.6%7.4%
Share Price - 93.3% 190.9% 99.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
10.42526.336.630.921.973.37.27.2
Op. Profit
Mgn %
5.32.55.95.65.35.34.22.67NAN
Net Profit
Mgn %
1.50.82.23.13.33.221.31.61.7
Debt to
Equity
4.220.30.50.40.20.50.61.8-
Working Cap
Days
0801811311491853263051500
Cash Conv.
Cycle
02761453850120129600

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 7.20%

Sales growth has been subdued in last 3 years 5.42%

Net Profit has been subdued in last 3 years -28.38%

Debt to equity has increased versus last 3 years average to 1.75

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Solex Energy Ltd.

Standalone Consolidated
TTM EPS (₹) 3.4 -
TTM Sales (₹ Cr.) 162 -
BVPS (₹.) 47 -
Reserves (₹ Cr.) 30 -
P/BV 17.40 -
PE 241.55 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 655
Equity (₹ Cr.) 8
Face Value (₹) 10
Industry PE 83.3

Management X-Ray of Solex Energy:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.0042.590.0026.2226.2226.220.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Solex Energy

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales646341011491388072162
Operating Expenses 64532961411317670150
Manufacturing Costs0111891156
Material Costs64430901291165961131
Employee Cost 001111226
Other Costs 011334538
Operating Profit 0126873211
Operating Profit Margin (%) 5.3%2.4%5.9%5.6%5.3%5.3%4.2%2.6%7.0%
Other Income 000000003
Interest 011111116
Depreciation 000110005
Exceptional Items 000000000
Profit Before Tax 011476214
Tax 000122101
Profit After Tax 001354213
PAT Margin (%) 1.5%0.8%2.7%3.1%3.3%3.2%2.1%1.4%1.7%
Adjusted EPS (₹)0.71.52.66.410.19.03.41.23.4
Dividend Payout Ratio (%)0%0%0%16%5%6%9%12%4%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 124141822243538
Share Capital 122555588
Reserves 00191317192730
Minority Interest000000000
Debt441665111960
Long Term Debt01100011345
Short Term Debt33166510615
Trade Payables1711274235321329
Others Liabilities 3195789614
Total Liabilities 915255273717673141

Fixed Assets

Gross Block0222333362
Accumulated Depreciation001122237
Net Fixed Assets0221111155
CWIP 0000000241
Investments 000000000
Inventories10376581430
Trade Receivables51017385656562130
Cash Equivalents 012011200
Others Assets22269891325
Total Assets 915255273717673141

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -211-4522421
PBT 011476214
Adjustment 0011111110
Changes in Working Capital -20-1-8-1-4-028
Tax Paid 000-1-2-2-10-1
Cash Flow From Investing Activity -2-10-3-3-1-1-27-47
Capex 0-100-100-24-35
Net Investments 000000000
Others -210-3-20-1-3-12
Cash Flow From Financing Activity 4006-2-202226
Net Proceeds from Shares 1117000110
Net Proceeds from Borrowing 010000000
Interest Paid 00-1-1-1-1-1-1-6
Dividend Paid 0000-10000
Others 3-1000011232
Net Cash Flow 011-1001-20
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)10.4125.1332.7136.7631.5122.197.333.377.46
ROCE (%)6.8321.6537.0442.0234.3528.6310.934.3911.98
Asset Turnover Ratio0.743.981.732.632.391.921.090.971.51
PAT to CFO Conversion(x)-INFINF1-1.3310.5147
Working Capital Days
Receivable Days278571419911514725519458
Inventory Days61617181614305650
Payable Days9137111779812121013458

Solex Energy Ltd Stock News

Solex Energy Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Solex Energy on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of Solex Energy stood at ₹654.6.
The latest P/E ratio of Solex Energy as of 01-Jan-1970 05:30 is 241.6.
The latest P/B ratio of Solex Energy as of 01-Jan-1970 05:30 is 17.40.
The 52-week high of Solex Energy is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Solex Energy is ₹161.7 ( Cr.) .

About Solex Energy Ltd

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