Strong Revenue GrowthSolex's ~81% revenue growth demonstrates structural demand for its solar products and successful market penetration. Sustained top-line expansion supports scale advantages across manufacturing, installation and services, improving bargaining power and enabling reinvestment for medium-term growth.

Improving Profitability And ROEMargin improvement and a 26% ROE reflect better cost control and effective use of equity to generate profits. If maintained, these gains indicate durable operational progress that can fund growth, strengthen returns to shareholders, and support continued investment in efficiency and product development.

Diversified, Recurring Revenue Model & Policy TailwindsA mix of product sales, installation and recurring maintenance contracts creates multi-year revenue streams and cross-sell opportunities. Combined with government incentives for renewables, this business model provides structural resilience and predictable cash inflows once conversion issues are addressed.

Bears Say

Negative Operating And Free Cash FlowDespite strong reported profits, Solex struggles to convert earnings into cash. Negative operating and free cash flow create persistent liquidity pressure, raising dependence on external financing for capex and working capital and increasing medium-term execution and refinancing risk.

Moderate Leverage / Equity Funding RelianceA near 1.0 debt/equity ratio and low equity share indicate meaningful reliance on debt funding. With weak cash conversion, this leverage reduces financial flexibility, raises interest and refinancing exposure, and could constrain investment or increase cost of capital over the next several quarters.

Modest Operational MarginsEBIT and EBITDA margins remain modest for a firm scaling in solar manufacturing and services. Limited operational cushion reduces ability to absorb commodity, logistics or labor cost shocks, slowing free cash flow improvement and making durable margin expansion critical for long-term self-funded growth.

Solex Energy Ltd. News

Solex Energy Reports 52% Revenue Growth and NSE Main Board Migration

The latest update is out from Solex Energy Ltd. ( ($IN:SOLEX) ). Solex Energy Limited reported a 52%...

5M ago

SOLEX

SOLEX FAQ

What was Solex Energy Ltd.’s price range in the past 12 months?

Solex Energy Ltd. lowest stock price was ₹795.45 and its highest was ₹1985.00 in the past 12 months.

What is Solex Energy Ltd.’s market cap?

Solex Energy Ltd.’s market cap is ₹9.00B.

When is Solex Energy Ltd.’s upcoming earnings report date?

Solex Energy Ltd.’s upcoming earnings report date is Jun 03, 2026 which is in 90 days.

How were Solex Energy Ltd.’s earnings last quarter?

Solex Energy Ltd. released its earnings results on Feb 12, 2026. The company reported ₹8.067 earnings per share for the quarter, beating the consensus estimate of N/A by ₹8.067.

Is Solex Energy Ltd. overvalued?

According to Wall Street analysts Solex Energy Ltd.’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Solex Energy Ltd. pay dividends?

Solex Energy Ltd. pays a Notavailable dividend of ₹0.55 which represents an annual dividend yield of 0.04%. See more information on Solex Energy Ltd. dividends here

What is Solex Energy Ltd.’s EPS estimate?

Solex Energy Ltd.’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Solex Energy Ltd. have?

Solex Energy Ltd. has 10,802,489 shares outstanding.

What happened to Solex Energy Ltd.’s price movement after its last earnings report?

Solex Energy Ltd. reported an EPS of ₹8.067 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went down -2.931%.

Which hedge fund is a major shareholder of Solex Energy Ltd.?

Currently, no hedge funds are holding shares in IN:SOLEX

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Solex Energy Ltd.

Solex Energy Limited manufactures and sells solar photovoltaic modules in India. It provides solar turnkey solutions for solar power plants, solar water pumps, and utility scale ground mounted solar power plants, as well as engineering, procurement, and construction services for the solar energy market. The company also offers solar residential and industrial rooftop systems, off-grid power plants, solar grid-connected systems, solar home and street light systems, solar water pumps, and custom solar solutions. It serves government, real estate, agriculture, manufacturing, healthcare, hospitality, residential societies, banking institutions, educational institutes, transport and logistics, media and entertainment, and telecom and communications industries. Solex Energy Limited was founded in 1995 and is based in Surat, India.