Alpex Solar Ltd (ALPEXSOLAR) — shareholding pattern, promoter holding, financials and share price
About Alpex Solar Ltd (ALPEXSOLAR)
Alpex Solar Ltd operates in the Coal industry, within the Oil, Gas & Consumable Fuels sector. It trades on the NSE as ALPEXSOLAR and on the BSE under scrip code 86284. Its ISIN is INE0R4701017.
Incorporated in 2008, Alpex Solar Ltd manufactures photovoltaic modules and provides all-inclusive solar energy solutions [1]
Alpex Solar Limited is an integrated Indian solar PV platform that manufactures modules, is commissioning a G12R TOPCon cell facility, produces aluminium frames, and offers EPC, RESCO and solar pump solutions; it also develops IPP assets and serves B2B clients and contract manufacturing customers across industrial, commercial and rural segments.
The company is rapidly scaling manufacturing footprint: management is executing over one million square feet of facilities with a target of 3.6 GW module capacity, 2.2 GW TOPCon cell capacity, and 12,000 MT per annum aluminium frame production, with six of seven units expected functional by FY27 and a greenfield cell plant at Kosi Kotwan.
Listed peers in Coal: Oriana Power Ltd, Servotech Renewable Power System Ltd, Solex Energy Ltd, Australian Premium Solar (India) Ltd, Kotyark Industries Ltd, Sahaj Solar Ltd.
Valuation & Returns
10 Jul 2026At ₹800.05 a share on 10 Jul 2026, Alpex Solar Ltd (ALPEXSOLAR) was valued at a price-to-earnings ratio of 10.09x against an industry P/E of 9.35x and a price-to-book of 9.44x on a book value of ₹84.72 per share as of Mar 2025. Solomo computes return on equity of 93.57% and return on capital employed of 102.75% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 10.09x
- Industry P/E
- 9.35x
- P/B
- 9.44x
- EPS (TTM)
- ₹79.28
- Book value / share
- ₹84.72
- ROE
- 93.57%
- ROCE
- 102.75%
- ROA
- 42.76%
- Debt / equity
- 0.36x
- Dividend yield
- 0%
- EBITDA margin
- 14.73%
- 52-week range
- ₹660 – ₹1,449.7
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Alpex Solar Ltd (ALPEXSOLAR) reported revenue of ₹2,223 crore, net profit of ₹202 crore and earnings per share of ₹78.89. That compares with revenue of ₹780 crore and net profit of ₹83 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹672 crore and net profit ₹53 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 166 | 195 | 413 | 780 | 2,223 |
| Net profit (₹ cr) | 0 | 4 | 27 | 83 | 202 |
| EPS (₹) | - | - | 10.86 | 34.11 | 78.89 |
| Measure | 5Y | 3Y | 1Y |
|---|---|---|---|
| Sales growth | 53.31% | 72.16% | 89.08% |
| Profit growth | 96.16% | 955.33% | 214.31% |
| Stock price CAGR | - | - | -27% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 65.9% of Alpex Solar Ltd (ALPEXSOLAR) (unchanged from the previous quarter). Market capitalisation was ₹2,044 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2024.
Largest disclosed public shareholders in Jun 2026: BHAGWATI CHARAN R SIKKA 2.3%, DIWAKAR BHAGWATI GANDHI 1.41%, ASTORNE CAPITAL VCC - ARVEN 1.17%, VENUS INVESTMENTS VCC - VENUS STELLAR FUND 1.17%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 65.9% | - | - | - | - |
| Mar 2026 | 65.9% | - | - | - | - |
| Dec 2025 | 65.89% | - | - | - | - |
| Sep 2025 | 65.89% | - | - | - | - |
| Jun 2025 | 68.76% | - | - | - | - |
| Mar 2025 | 68.76% | - | - | - | - |
| Sep 2024 | 68.76% | - | - | - | - |
| Mar 2024 | 68.76% | - | - | - | - |