SOLEXIndustrials

Solex Energy Limited

Other Electrical Equipment · ISIN INE880Y01017 · BSE 544862 · NSE EQ · FV ₹10
Last price
₹671
+2.08%today
What this company does

Solex Energy Limited operates in Other Electrical Equipment, part of the Industrials sector. It booked ₹261 cr of revenue in its latest quarter (Q1 FY27) and kept 3.1% of sales as profit.

54out of 100
Equitytale Health Score
Mixed

Healthier than 54% of companies in Industrials, on the 5 of 6 measures we could read for it. Each measure is ranked against the 234–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
24

At close. Not part of the score.

Profitability & returns55

How much profit it earns on the money it employs

Balance sheet15

How much it owes, and whether earnings cover the interest

Cash quality83

Whether reported profit actually arrives as cash

Valuation47

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 66%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 3.1% net margin
! Carries high debt (D/E 1.1)

What if I invest in SOLEX?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹671 +2.08%
latest close · 2026-09-17
1-year return
+1903.9%
52-wk low ₹3352-wk high ₹1,024
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio22.7Average
LowAverageHigh
P/B ratio2.87Moderate
Below bookModerateHigh
EV / EBITDA6.8Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity12.6%Fair
WeakFairStrong ▸15%
Return on capital18.5%Strong
WeakFairStrong
Net margin3.1%Thin
ThinDecentStrong
EBITDA margin13.0%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.05High
LowModerateHigh ▸1
Interest cover1.9×Risky
RiskyOkayStrong ▸5×
Current ratio1.23Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹725 cr
Book value
₹234
EPS
₹7.39
latest quarter
Net debt
₹193 cr
owes more than its cash
Enterprise value
₹918 cr
EBITDA
₹135 cr
annualised
EBIT
₹94 cr
annualised
Operating margin
9.1%
Return on assets
2.7%
Earnings yield
4.40%
P/S
0.70
Sales / share
₹965.8
Tax rate
25.8%
Face value
₹10
Shares
1.1 cr
Working capital
₹155 cr
Current assets
₹826 cr
Current liabilities
₹671 cr
Delivery %
45.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹453₹679, midpoint ₹566

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹261 cr
Other Income₹5 cr
Total Income₹266 cr
Cost of Materials₹293 cr
Purchases of Stock-in-Trade₹27 cr
Inventory Change (±)₹-134 cr
Employee Benefit Expense₹15 cr
Finance Costs₹12 cr
Depreciation & Amortisation₹10 cr
Other Expenses₹30 cr
Total Expenses₹255 cr
Profit before Tax₹11 cr
Tax Expense₹3 cr
Net Profit₹8 cr
Net margin on total income3.1%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹186 cr70.1%
Employee benefit expense₹15 cr5.7%
Finance costs₹12 cr4.7%
Depreciation & amortisation₹10 cr3.8%
Other expenses₹30 cr11.5%
Tax expense₹3 cr1.1%
Profit for the period₹8 cr3.1%
Total income ₹266 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue318 cr886 cr261 cr
Total income319 cr886 cr266 cr
Expenses308 cr808 cr255 cr
Profit before tax12 cr78 cr11 cr
Tax3 cr19 cr3 cr
Net profit (owners' share)9 cr58 cr8 cr
Net margin (owners' share, on revenue)2.7%6.5%3.1%
EPS (₹)8.0753.617.39
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹1,181 cr
Shareholder equity
₹253 cr
parent shareholders
Total debt
₹269 cr
Cash
₹76 cr
Cash flow · H1 FY26
Operating
₹35 cr
Investing
₹-151 cr
Financing
₹108 cr
Peer comparison
Other Electrical Equipment · by market value
CompanyPriceMarket capP/E
Apar Industries Limited₹17,801₹71,507 cr38.2
Waaree Energies Limited₹2,473₹71,136 cr20.9
Premier Energies Limited₹880₹39,948 cr21.1
Emmvee Photovoltaic Power Limited₹326₹22,536 cr14.8
Mtar Technologies Limited₹7,060₹21,716 cr108.1
Diamond Power Infrastructure Limited₹376₹19,817 cr84.7
Avalon Technologies Limited₹2,230₹14,899 cr106.8
Fujiyama Power Systems Limited₹409₹12,551 cr54.4
Waaree Renewable Technologies Limited₹811₹8,463 cr18.3
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.08%
trailing 12 months
Dividend / share (TTM)
₹0.55
Last dividend
₹0.55
ex 15 Sep 2026
ActionDetailEx-date
Dividend₹0.55 / share15 Sep 2026
Who owns it · 2026-06-30
No pledge
Promoter
66.2%
FII / Foreign
0.1%
DII / Domestic
0.5%
Retail / others
33.3%
Promoter stake down 4.5% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtKavitadevi Kailashchandra Chandak · Promoters5,000 · ₹45.0 L27 Jun 25
BoughtPiyush Chandak · Director13,717 · ₹1.2 cr27 Jun 25
BoughtKailashchandra Bansilal Chandak · Promoters15,000 · ₹1.4 cr27 Jun 25
Bulk / block deals
BoughtNEIGHBOURHOOD INVESTMENT PRIVATE LIMITED · NSE57,561 @ ₹1,911.7520 Nov 25
BoughtNEIGHBOURHOOD INVESTMENT PRIVATE LIMITED · NSE67,500 @ ₹1,709.5814 Nov 25
SoldAKSHAT GREENTECH PRIVATE LIMITED · NSE59,672 @ ₹1,710.114 Nov 25
Stake changes
BothArunkumar Kashiprasad Patodia · promoter→ 1.05% · 11,53327 Jun 25
BothKailashchandra Bansilal Chandak · promoter→ 3.25% · 15,00027 Jun 25
BothKavitadevi Kailashchandra Chandak · promoter→ 1.00% · 5,00027 Jun 25
Promoter pledges
ReleasedBank of Baroda14.82 L · 18.52% held10 Aug 23
PledgedBank of Baroda14.82 L · 0.00% held12 Mar 20
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 29 Sep 2025
See the official result
1
To receive, consider and adopt the Audited Consolidated and Standalone Financial Statements of the Company for the Financial Year ended on 31st March 2025 together with the Reports of the Auditors and the Board thereon
Backed by 100% of shareholders other than promotersneeded 50%
8.11 L votes for, 0 against
2
To declare a Final Dividend of Re. 0.55 per Equity Shares of fully paid-up face value of Rs. 10/- each for the financial year March 31, 2025
Backed by 100% of shareholders other than promotersneeded 50%
8.11 L votes for, 0 against
3
To appoint a director in place of Ms. Kiran Ritesh Shah (DIN: 09046468) who retires by rotation and being eligible offers herself for re-appointment
Backed by 100% of shareholders other than promotersneeded 50%
7.99 L votes for, 0 against
4
To appoint a director in place of Mr. Anil Rathi (DIN: 01405654) who retires by rotation and being eligible offers himself for re-appointment
Backed by 100% of shareholders other than promotersneeded 50%
8.11 L votes for, 0 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 22 named members
owning 66.2% between them · as of 2026-06-30
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%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.