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Solex Energy Ltd (SOLEX)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: SOLEX Electric Equipment | Small Cap | Solex Energy Share Price

BSE Share Price
Not Listed

Solex Energy Ltd (SOLEX)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: SOLEX Electric Equipment | Small Cap | Solex Energy Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹1,246 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹82.3
TTM Sales
₹1,555 Cr.
Book Value per Share
₹225.3
P/E Ratio
14.02
Lower than its 5-year historical median
Industry PE
56.3
Price to Book (P/B)
5.12
Lower than its 5-year historical median
Price to Sales (P/S)
0.80
Lower than its 5-year historical median
EV/EBITDA
7.95
Lower than its 5-year historical median
Dividend Yield
0.09%
Profitability Efficiency
Return on Equity (ROE)
38.74%
Outperforms industry median
Return on Capital Employed (ROCE)
28.21%
Outperforms industry median
Return on Assets (ROA)
11.66%
Operating Profit Margin
10.4%
Net Profit Margin
6%
Gross Profit Margin
9.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
80.38%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
142.34%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
353.61%
Asset Quality
Promoter Holding
66.15%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹233 Cr.
Equity
₹10.8 Cr.
Face Value
₹10
All Time Low / High
- / -

Solex Energy stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Undervalued

Price Trend

Weak
Q.1 Is Solex Energy Ltd a good quality company?
Solex Energy Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Solex Energy Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Solex Energy Ltd vs industry peers?
Solex Energy Ltd revenue CAGR is 36.75%, compared to the industry median CAGR of 13.01%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Solex Energy Ltd?
Promoters hold 66.15% of the Solex Energy Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Solex Energy Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 91.2% based on the current price.

10 Year X-Ray :

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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 21.7%37%42%34.4%28.6%10.9%4.4%12%17.9%28.2%-
Value Creation
Index
0.61.72.01.51.1-0.2-0.7-0.10.31.0-

Growth Parameters

Sales 46.434.110114913879.671.91623666601,555
Sales YoY Gr.--26.4%196.7%47.2%-7.4%-42.3%-9.7%124.9%126.3%80.4%-
Adj EPS 1.21.75.17.97.12.612.68.33682.3
YoY Gr.-37.5%209.1%54.9%-9.9%-63.6%-62.9%172.9%216%334.7%-
BVPS (₹) 6.68.12229.135.938.23537.646.2146.5225.3
Adj Net
Profit
0.40.73.24.94.41.612.68.338.989
Cash Flow from Ops. 1.41.2-3.852.12.53.9-6.21.7-48.9-
Debt/CF from Ops. 2.81-1.61.32.44.95.1-10.756.4-3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 34.3%36.8%109.4%80.4%
Adj EPS 45.9%38.3%234.7%334.7%
BVPS41.1%32.5%61.1%216.7%
Share Price - 80.9% 37.8% -15%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
2526.336.630.921.973.37.219.73844.3
Op. Profit
Mgn %
2.55.95.65.35.34.22.677.810.49.9
Net Profit
Mgn %
0.82.23.13.33.221.31.62.35.95.7
Debt to
Equity
20.30.50.40.20.50.61.82.10.90.8
Working Cap
Days
80181131149185326305149113134121
Cash Conv.
Cycle
276145385012012962446724

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales46341011491388072162366660
Operating Expenses + 4532961411317670150338591
Manufacturing Costs1118911541222
Material Costs4430901291165961133298517
Employee Cost 011112261320
Other Costs 113345381432
Operating Profit 1268732112869
Operating Profit Margin (%) 2.4%5.9%5.6%5.3%5.3%4.2%2.6%7.0%7.8%10.4%
Other Income + 0000000324
Exceptional Items 0000000000
Interest 111111161111
Depreciation 0011000589
Profit Before Tax 114762141252
Tax 00122101313
Profit After Tax 01354213940
PAT Margin (%) 0.8%2.7%3.1%3.3%3.2%2.1%1.4%1.7%2.4%6.0%
Adjusted EPS (₹)1.22.15.18.17.22.71.02.78.736.7
Dividend Payout Ratio (%)0%0%15.60%5%5.60%8.80%12.20%4.40%5%1.50%

Valuation of Solex Energy - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 2414182224353846158
Share Capital 22555588811
Reserves 019131719273038147
Debt +4166511196087130
Long Term Debt11000113454769
Short Term Debt31665106154061
Minority Interest0000000000
Trade Payables7112742353213285486
Others Liabilities 1957896162594
Total Liabilities 15255273717673141212467

Fixed Assets

Net Fixed Assets +22111115554110
Gross Block22233336270135
Accumulated Depreciation011222371625
CWIP 00000024102
Investments 00000001143
Inventories037658143066174
Trade Receivables101738565656213047111
Cash Equivalents 12011200010
Others Assets 22698913243057
Total Assets 15255273717673141212467

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 11-45224-62-49
PBT 114762141252
Adjustment 0111111101919
Changes in Working Capital 0-1-8-1-4-02-19-26-108
Tax Paid -0-0-1-2-2-1-0-1-2-12
Cash Flow From Investing Activity + -1-0-3-3-1-1-27-35-21-54
Capex -1-0-0-1-0-0-24-35-8-67
Net Investments 0000000-0-1412
Others 10-3-2-0-1-3001
Cash Flow From Financing Activity + 0-06-2-2-0224120113
Net Proceeds from Shares 117000110073
Net Proceeds from Borrowing 1-0-0-0-00032221
Interest Paid -0-1-1-1-1-1-1-6-11-11
Dividend Paid 000-1-0-0-0-0-0-0
Others -10-0-0-0112152830
Net Cash Flow 11-10-01-2-0010

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)25.1332.7136.7631.5122.197.333.377.4620.8338.74
ROCE (%)21.6537.0442.0234.3528.6310.934.3911.9817.9328.21
Asset Turnover Ratio3.981.732.632.391.921.090.971.512.071.94
PAT to CFO Conversion(x)N/A1-1.3310.514-20.22-1.23
Working Capital Days
Receivable Days56.70141.2098.80114.50147.10255193.7057.6038.4043.70
Inventory Days617.1017.6015.7014.5030.1056.4050.4048.3066.50
Payable Days36.80111.1076.8097.80121209.90133.7055.6049.9049.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *26.2226.2226.220.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Solex Energy Ltd FAQs

The current trading 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 31-Dec-1969 the market cap of Solex Energy stood at ₹1,246.2 Cr

The latest P/E ratio of Solex Energy as of 31-Dec-1969 is 14.02.

The latest P/B ratio of Solex Energy as of 31-Dec-1969 is 5.12.

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 ₹1,555 ( Cr.) .

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

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

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

About Solex Energy Ltd

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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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