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Solex Energy Limited

NSE: SOLEX · Other Electrical Equipment · sector

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₹532.65NSE close 2026-10-27

Key numbers

Market cap₹575 cr
Price₹532.65
52w high / low₹1,985 / ₹533
P/E5.5xSector median 20.6x
P/B2.3xSector median 3.5x
Book value₹234.2
Dividend yield0.10%Sector median 0.24%
ROE39.9%Sector median 15.5%
ROCE28.2%Sector median 16.4%
OPM10.6%Sector median 11.7%
Debt / equity1.06xSector median 0.32x
EV/EBITDA4.2xSector median 13.3x
Interest cover3.9x
Current ratio1.23x
Sales growth 3y–Sector median +17.8%
Profit growth 3y–Sector median +15.2%
PEG–

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 59 companies in Other Electrical Equipment (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹1,882.00 · low ₹532.65
Sep 2024Apr 2025Oct 2025Apr 2026

Quarterly results

₹ crMar 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue389155318886261
EBITDA4919269829
OPM %12.6%12.0%8.2%11.1%11.1%
Other income3-0205
Net profit2969588
EPS (₹)26.8427.208.0753.617.39
Revenue YoY-33.0%
Profit YoY-72.5%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ crFY25FY26TTM
Revenue6621,6181,619
EBITDA73184172
Net profit429680
EPS (₹)43.8288.8896.27
Revenue growth+144.3%–
Profit growth+128.4%–
Dividend / share (₹)––
Compounded growth3 years5 yearsLast 12 months
Sales–––
Net profit–––
EPS–––
Share price–-36.4% (2y)-59.8%

Balance sheet

₹ crFY25FY26
Shareholders' equity150253
Borrowings–269
Cash & equivalents12123
Total assets4801,181
Fixed assets110337
Capital work in progress–11
Investments20
Receivables–357
Inventory180290
Payables–458

Year-end figures from the March annual filing.

Cash flow

₹ crFY25FY26
Cash from operations-47201
Cash from investing-54-225
Cash from financing11389
Capex67194
Free cash flow-1147

Free cash flow = cash from operations − capex.

Ratios by year

₹ crFY25FY26
ROE %28.1%38.0%
ROCE %45.0%31.0%
Debtor days–80
Inventory days12881
Payable days–128
Cash conversion cycle (days)–33
Working capital days6435

Shareholding

Holder (% of shares)Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026Change since Sep 2025
Promoters66.15%–66.15%66.15%66.15%0.00 pts
FIIs0.09%–0.13%0.07%0.32%+0.23 pts
DIIs1.02%–0.81%0.51%0.28%-0.74 pts
Public (non-institutions)32.75%–32.91%33.26%33.25%+0.50 pts
No. of shareholders3,007–7,02710,38213,263+341.1%
PromotersFIIsDIIsPublic (non-institutions)
Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026Promoters Sep 2025: 66.15%Promoters Mar 2026: 66.15%Promoters Jun 2026: 66.15%Promoters Sep 2026: 66.15%FIIs Sep 2025: 0.09%FIIs Mar 2026: 0.13%FIIs Jun 2026: 0.07%FIIs Sep 2026: 0.32%DIIs Sep 2025: 1.02%DIIs Mar 2026: 0.81%DIIs Jun 2026: 0.51%DIIs Sep 2026: 0.28%Public (non-institutions) Sep 2025: 32.75%Public (non-institutions) Mar 2026: 32.91%Public (non-institutions) Jun 2026: 33.26%Public (non-institutions) Sep 2026: 33.25%
Promoter group%
Anil Rathi7.41%
Shivprakash Unkarchand Rathi6.90%
Chetan Sureshchandra Shah6.83%
Satyanarayan Unkarchand Rathi5.46%
Kalpeshkumar Ramanbhai Patel5.18%
Sapna Vipul Shah5.11%
Krishna Patodia3.93%
Pukhraj Ganeshilal Agrawal3.67%
Agrawal Bhavana3.32%
Kailashchandra Banshilal Chandak3.25%
Shakuntala Mulchand Shah2.78%
Paulomi Chetan Shah .1.78%
Piyush Kailashchandra Chandak1.68%
Kaminiben Kalpeshkumar Patel1.16%
Bhanumatiben R Patel1.16%

13,263 shareholders. Pledged: 0.00% of promoter shares.

From the company's quarterly shareholding-pattern filings on the exchange (NSE/BSE), latest as of Sep 2026. "pts" = percentage points; the number of shareholders is as filed by the company. No filing on our file for Dec 2025 (shown as –).

Peers in Other Electrical Equipment

CompanyMarket capP/EP/BROEROCEOPMSales 3yDiv yield
WAAREEENER₹65,440 cr17.1x4.5x23.0%33.2%20.2%–0.09%
APARINDS₹60,870 cr51.5x11.3x11.6%32.9%8.7%+16.9%0.34%
PREMIERENE₹39,130 cr23.2x9.1x46.7%29.7%30.0%–0.08%
MTARTECH₹20,738 cr155.4x25.2x17.2%18.3%20.7%+15.2%–
DIACABS₹17,638 cr89.7x––13.0%11.7%––
EMMVEE₹16,661 cr11.6x3.8x53.0%34.1%34.7%––
AVALON₹14,490 cr108.3x20.1x20.0%21.9%11.4%+19.3%0.00%
UTLSOLAR₹11,331 cr36.6x8.9x23.1%25.4%14.6%––
GENUSPOWER₹7,411 cr11.4x3.3x31.9%22.2%18.8%+80.5%0.82%
SOLEX₹575 cr5.5x2.3x39.9%28.2%10.6%–0.10%

All 59 companies in Other Electrical Equipment →

Dividends & corporate actions

Ex-dateActionDetail
2026-09-15DividendDividend - Re 0.55 Per Share

Latest filings

Filed by the company on NSE in the last 3 months (routine notices left out). The text under each title is a short extract of the company's own filing; the link opens the full original file on the NSE website. Fetched 27 Oct 2026.

Documents

Links go to the original files on the exchange website.

About the company

SectorIndustrials
IndustryOther Electrical Equipment
Sub-industryOther Electrical Equipment
SymbolSOLEX
BSE code544862
ISININE880Y01017
Face value₹10.0
Incorporated–
Website–
Plants (India / abroad)–

Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-27.