Solex Energy Ltd
Solex Energy Ltd (SOLEX) last reported results for the quarter ended Jun 2026, with sales of ₹261 crore and net profit of ₹8.25 crore. The next scheduled event is a board meeting|other on 30 Oct 2026. The stock last traded at ₹675, a market capitalisation of ₹729 crore, on a P/E of 9.14. Over the past 52 weeks the stock has ranged between ₹651 and ₹1,985. Figures are as of 6 Oct 2026 and are not real time.
Solex Energy Ltd share price and key metrics
- Current price
- ₹675
- Market cap
- ₹729 cr
- Stock P/E
- 9.14
- Book value
- ₹234
- ROE
- 46.5%
- ROCE
- 34.9%
- Dividend yield
- 0.08%
- 52w high / low
- 1985/651
Metrics as of 6 Oct 2026. Not real time.
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Solex Energy Ltd growth and returns
- 10 Years
- %
- 5 Years
- %
- 3 Years
- 115%
- TTM
- 107%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- 228%
- TTM
- 29%
- 10 Years
- %
- 5 Years
- 77%
- 3 Years
- 15%
- 1 Year
- -59%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- 41%
- Last Year
- 47%
Solex Energy Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹261 cr, up 0.5% from ₹260 cr a year earlier. Net profit was ₹8.25 cr, down 66.6% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 132 | 135 | 254 | 260 | 155 | 318 | 886 | 261 |
| Expenses | 117 | 111 | 226 | 218 | 136 | 292 | 787 | 232 |
| Operating profit | 14.33 | 23.62 | 28.03 | 41.26 | 18.6 | 25.87 | 98.35 | 28.98 |
| OPM % | 10.88% | 17.54% | 11.02% | 15.89% | 12.00% | 8.14% | 11.11% | 11.11% |
| Other income | 0.96 | 1.09 | 0.47 | 1.44 | -0.38 | 1.53 | 0.42 | 4.81 |
| Interest | 2.53 | 2.89 | 5 | 5.41 | 5.89 | 9.35 | 10.19 | 12.48 |
| Depreciation | 1.98 | 2.51 | 3.39 | 4.27 | 4.44 | 6.09 | 10.36 | 10.19 |
| Profit before tax | 10.78 | 19.31 | 20.11 | 33.02 | 7.89 | 11.96 | 78.22 | 11.12 |
| Tax % | 15.77% | 27.40% | 24.76% | 25.20% | 26.62% | 25.92% | 24.71% | 25.81% |
| Net profit | 9.08 | 14.02 | 15.13 | 24.71 | 5.79 | 8.87 | 58.89 | 8.25 |
| EPS (₹) | 8.42 | 13.01 | 13.26 | 22.37 | 4.83 | 8.06 | 53.61 | 7.39 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Solex Energy Ltd annual results
| ₹ crore | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|
| Sales | 162 | 366 | 662 | 1,618 | 1,619 |
| Operating profit | 11 | 28 | 77 | 183 | 172 |
| OPM % | 7% | 8% | 12% | 11% | 11% |
| Net profit | 3 | 9 | 42 | 98 | 82 |
| EPS (₹) | 2.71 | 8.73 | 38.38 | 88.88 | 73.89 |
TTM is the trailing twelve months to the most recent quarter.
Solex Energy Ltd balance sheet
| ₹ crore | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Equity capital | 8 | 11 | 11 |
| Reserves | 38 | 147 | 242 |
| Borrowings | 96 | 174 | 339 |
| Other liabilities | 70 | 167 | 590 |
| Total liabilities | 212 | 498 | 1,181 |
| Fixed assets | 54 | 134 | 338 |
| CWIP | 0 | 3 | 11 |
| Investments | 14 | 2 | 0 |
| Other assets | 143 | 360 | 833 |
| Total assets | 212 | 498 | 1,181 |
As reported by the company. Total assets equal total liabilities by construction.
Solex Energy Ltd cash flow
| ₹ crore | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Cash from operations | 2 | -40 | 201 |
| Cash from investing | -21 | -58 | -225 |
| Cash from financing | 20 | 111 | 89 |
| Net cash flow | 0 | 12 | 64 |
| Free cash flow | -6 | -107 | 7 |
| CFO / operating profit | 13% | -44% | 117% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Solex Energy Ltd operating ratios
| Per year | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| ROCE % | — | 29% | 35% |
| Debtor days | 47 | 63 | 80 |
| Cash conversion cycle | 47 | 63 | 80 |
| Working capital days | 23 | 48 | 7 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Solex Energy Ltd shareholding pattern
Promoters held 66.15% at Jun 2026, broadly unchanged since Mar 2025. FIIs 0.07% and DIIs 0.51%.
| % held | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 70.65% | 70.66% | 66.15% | 66.15% | 66.15% | 66.15% | 66.15% | 66.15% |
| FIIs | 0.00% | 0.00% | 0.03% | 0.01% | 0.09% | 0.25% | 0.13% | 0.07% |
| DIIs | 0.00% | 1.10% | 0.89% | 0.79% | 1.02% | 0.98% | 0.81% | 0.51% |
| Public | 29.35% | 28.24% | 32.94% | 33.06% | 32.75% | 32.63% | 32.91% | 33.26% |
| No. of shareholders | 917 | 1,402 | 2,269 | 2,917 | 3,007 | 5,427 | 7,027 | 10,382 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Upcoming Solex Energy Ltd events
The next scheduled event is a board meeting|other on 30 Oct 2026.
- Board meeting|otherReceipt of work order for supply of solar PV modules
See the full results calendar for every Indian company reporting in the next 30 days.
Solex Energy Ltd corporate filings
- Solex Energy Ltd releases October 6, 2026, press release under Regulation 30Company Updatelow impact
Cruxal's analysis: The company, with a market cap of approximately 743.54 crore, issued a routine press…
Read the full analysis - Solex Energy secures ₹181 crore work order for solar PV modules, signaling strategic expansion in renewable energy supply chainCompany Updatehigh impact
Cruxal's analysis: Solex Energy Limited's subsidiary has received a work order valued at ₹180.98 crore for…
Read the full analysis - Solex Energy Limited secures a work order worth ₹13.16 crore for supply of solar PV modules, indicating ongoing project execution and potential revenue recognition.Company Updatehigh impact
Cruxal's analysis: Solex Energy Limited has received a domestic work order valued at ₹13.16 crore for the…
Read the full analysis - Solex Energy Ltd releases a press statement on October 5, 2026, with no financial or operational updatesCompany Updatelow impact
Cruxal's analysis: The company issued a press release on October 5, 2026, without any new financial figures…
Read the full analysis - Solex Energy Limited secures ₹75.96 crore work order for solar PV modules, signaling potential near-term revenue upliftCompany Updatehigh impact
Cruxal's analysis: Solex Energy Limited has received a work order valued at ₹75.96 crore for the supply of…
Read the full analysis - Closure of Trading WindowInsider Trading / SASTlow impact
- Solex Energy Limited Reports Strong FY26 Growth and Outlines Ambitious 4,000 Crore Expansion PlanAGM/EGMhigh impact
Cruxal's analysis: Solex Energy Limited reported a robust FY26 performance with revenue of 1,621 crore…
Read the full analysis - Solex Energy Limited Announces Successful Conclusion of 12th AGM and Approval of Final DividendAGM/EGMlow impact
Cruxal's analysis: Solex Energy Limited has successfully concluded its 12th Annual General Meeting, with…
Read the full analysis - Solex Energy Ltd schedules analyst and institutional investor meetingCompany Updatelow impact
Cruxal's analysis: Solex Energy Ltd has issued an intimation regarding a scheduled meeting with analysts and…
Read the full analysis - Solex Energy Ltd submits routine press release under Regulation 30Company Updatelow impact
Cruxal's analysis: Solex Energy Ltd has submitted a press release in compliance with Regulation 30 of the…
Read the full analysis - Solex Energy Limited Concludes 12th Annual General Meeting; Approves Final Dividend of INR 0.55 per ShareAGM/EGMlow impact
Cruxal's analysis: Solex Energy Limited has successfully concluded its 12th Annual General Meeting held on…
Read the full analysis - Solex Energy Ltd submits routine press release under Regulation 30Company Updatelow impact
Cruxal's analysis: Solex Energy Ltd has submitted a press release in compliance with Regulation 30 of the…
Read the full analysis - Solex Energy Limited Announces Dividend Recommendation and Migration to BSE MainboardCompany Updatehigh impact
Cruxal's analysis: Solex Energy Limited has recommended a final dividend of 0.55 INR per share (face value…
Read the full analysis - Solex Energy Limited schedules Board Meeting for June 18, 2026, to consider dividend recommendationCompany Updatelow impact
Cruxal's analysis: Solex Energy Limited has formally intimated the National Stock Exchange regarding a Board…
Read the full analysis - Solex Energy secures new domestic solar PV module orders worth 74.77 croreCompany Updatehigh impact
Cruxal's analysis: Solex Energy Limited has announced the receipt of new work orders for the supply of Solar…
Read the full analysis - Solex Energy Limited schedules Board Meeting for August 14, 2026, to approve Q1 FY27 financial resultsCompany Updatelow impact
Cruxal's analysis: Solex Energy Limited has formally intimated the National Stock Exchange regarding a Board…
Read the full analysis - Solex Energy Ltd submits mandatory newspaper publication of financial resultsCompany Updatelow impact
Cruxal's analysis: Solex Energy Ltd has submitted a copy of the newspaper advertisement regarding the…
Read the full analysis - Solex Energy Ltd announces book closure for FY 2025-26Corp. Actionlow impact
Cruxal's analysis: Solex Energy Ltd has issued a routine notification regarding the book closure for the…
Read the full analysis - Solex Energy Limited Announces 12th AGM, Dividend Declaration, and Significant Expansion of Borrowing and Related Party Transaction LimitsAGM/EGMhigh impact
Cruxal's analysis: Solex Energy Limited has scheduled its 12th Annual General Meeting for September 22…
Read the full analysis - Solex Energy Ltd releases Annual Report for FY 2025-26Otherslow impact
Cruxal's analysis: Solex Energy Limited has filed its Annual Report for the financial year 2025-26 as per…
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