Solex Energy Ltd. (SOLEX) AI Stock Analysis

• Market Cap: ₹15.65B
• Dividend Yield: 0.04%
• Average Volume (3M): 38.72K
• Price to Earnings (P/E): 37.2
• Beta (1Y): -0.31
• Revenue Growth: 80.97%
• EPS Growth: 393.79%
• Country: IN
• Employees: 877
• Sector: Energy
• Sector Strength: 52
• Industry: Solar
• EPS (TTM): 4.83
• Shares Outstanding: 10,802,489
• 10 Day Avg. Volume: 56,624
• 30 Day Avg. Volume: 38,716
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: ₹1,504.00 ▲(3.99% Upside)

Solex Energy Ltd. has strong financial performance with revenue growth and profitability improvements, but faces significant challenges in cash flow management and technical indicators suggest negative momentum. The high P/E ratio indicates a premium valuation, which may not be justified given the current technical and cash flow issues.

Positive Factors

Revenue Growth

Strong revenue growth indicates increasing market demand and effective operational strategies, supporting long-term business expansion.

Market Position

Moving to the NSE Main Board reflects enhanced market credibility and investor confidence, potentially attracting more capital for growth.

Profitability Improvements

Improved profit margins suggest effective cost management and pricing strategies, enhancing long-term financial stability.

Negative Factors

Cash Flow Challenges

Negative cash flows indicate potential liquidity issues, which could hinder investment in growth and operational flexibility.

Debt Reliance

Moderate leverage poses risks if not managed carefully, potentially impacting financial stability during economic downturns.

Operational Efficiency

Room for improvement in operational efficiency could enhance profitability and competitiveness in the long term.

Solex Energy Ltd. Business Overview & Revenue Model

Company Description

Solex Energy Ltd. (SOLEX) is a leading company in the renewable energy sector, specializing in the development and deployment of solar energy solutions. The company focuses on providing innovative solar technology products and services, including solar panel manufacturing, installation, and maintenance. By leveraging cutting-edge technology and expertise in energy management, Solex Energy aims to deliver sustainable energy solutions for residential, commercial, and industrial applications.

How the Company Makes Money

Solex Energy generates revenue primarily through the sale of solar panels and related equipment, installation services, and ongoing maintenance contracts. The company benefits from government incentives and subsidies for renewable energy projects, which enhance profitability. Key revenue streams include direct sales to consumers and businesses, partnerships with construction firms and energy providers, and service contracts for maintenance and monitoring of solar installations. Additionally, Solex Energy may engage in strategic partnerships with technology firms to enhance its product offerings, further contributing to its revenue growth.

Solex Energy Ltd. Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	6.62B	3.66B	1.62B	719.20M
Gross Profit	1.21B	514.28M	224.02M	63.59M
EBITDA	752.09M	283.76M	130.40M	20.02M
Net Income	420.28M	87.35M	27.11M	9.88M
Balance Sheet
Total Assets	4.80B	2.12B	1.41B	727.45M
Cash, Cash Equivalents and Short-Term Investments	120.47M	121.92M	1.33M	3.40M
Total Debt	1.47B	961.60M	659.41M	194.24M
Total Liabilities	3.19B	1.66B	1.03B	377.09M
Stockholders Equity	1.61B	462.42M	376.27M	350.36M
Cash Flow
Free Cash Flow	-1.14B	-60.80M	-413.44M	-202.84M
Operating Cash Flow	-474.90M	17.06M	-61.88M	38.48M
Investing Cash Flow	-537.02M	-212.43M	-348.49M	-272.35M
Financing Cash Flow	1.13B	195.94M	407.86M	217.04M

Solex Energy Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1446.30
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SOLEX, the sentiment is Neutral. The current price of 1446.3 is below the 20-day moving average (MA) of 1601.86, below the 50-day MA of 1598.37, and above the 200-day MA of 1178.29, indicating a neutral trend. The MACD of -61.46 indicates Positive momentum. The RSI at 36.89 is Neutral, neither overbought nor oversold. The STOCH value of 14.13 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SOLEX.

Solex Energy Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
WEBELSOLAR	59 Neutral	₹35.56B	17.49	―	―	152.12%	―
SOLEX	58 Neutral	₹15.65B	37.23	―	0.04%	80.97%	393.79%
SWELECTES	57 Neutral	₹9.33B	27.60	―	0.49%	39.01%	-42.51%
ZODIAC	57 Neutral	₹4.62B	22.47	―	0.25%	64.71%	48.65%
INDOSOLAR	50 Neutral	₹17.89B	8.38	―	―	2412.32%	―

Solex Energy Ltd. Corporate Events

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

Solex Energy Limited reported a 52% year-on-year growth in revenue, achieving ₹415 crore for the first half of FY26, driven by strong market demand and operational efficiency. The company also successfully migrated from the NSE Emerge platform to the NSE Main Board, marking a significant milestone in its growth journey, and plans to expand its solar module and cell manufacturing capacities under its Vision 2030.