Robust Revenue GrowthSolex's ~81% revenue growth reflects strong demand and successful commercial scale-up in solar sales and services. Such high top-line expansion supports expanding production scale, supplier leverage, and longer-term contract wins that sustain growth over the next several quarters.

Improving Profitability MarginsRising gross and net margins indicate better cost control, pricing power, or mix shift to higher-margin services (installation/maintenance). Improved margins reduce sensitivity to input cost swings and support reinvestment or service expansion over a multi-quarter horizon.

Diversified Renewable Business ModelSolex sells panels, provides installation and recurring maintenance contracts and benefits from government incentives. This mix balances one-time product sales with recurring service revenue and subsidy stability, strengthening cash resilience and long-term customer relationships.

Bears Say

Negative Operating And Free Cash FlowPersistent negative operating and free cash flows show difficulty converting profits into cash, raising liquidity and funding risk for capex and working capital. Over several quarters this can force external financing, constrain growth projects, or pressure margins if financing costs rise.

Moderate Leverage And Low Equity RatioA near-1.0 debt-to-equity and a one-third equity ratio indicate material reliance on debt financing. In a capital-intensive solar business this raises refinancing and interest risks and reduces financial flexibility if cash flows remain weak, affecting multi-quarter investment plans.

Modest Operating Margins For Capital IntensityEBIT/EBITDA margins under ~12% are modest for a manufacturing-plus-services solar firm and may leave limited cushion for heavy capex, R&D or warranty costs. Sustaining expansion while funding equipment and installations could strain profitability unless margins improve.

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%...

4M ago

SOLEX

SOLEX FAQ

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

Solex Energy Ltd. lowest stock price was ₹860.00 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 ₹10.01B.

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 107 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.