Solex Energy Ltd (SOLEX) — shareholding pattern, promoter holding, financials and share price
About Solex Energy Ltd (SOLEX)
Solex Energy Ltd operates in the Coal industry, within the Oil, Gas & Consumable Fuels sector. It trades on the NSE as SOLEX and on the BSE under scrip code 532566. Its ISIN is INE880Y01017.
Incorporated in 1995, Solex Energy Ltd manufactures solar photo-voltaic cells and modules and is also in the Engineering, Procurement and Construction in the solar energy market [1]
Solex Energy Limited manufactures solar photovoltaic modules and provides end‑to‑end solar EPC and asset management services, operating a fully automated PV module facility in Surat and exporting to Europe, North America and Africa while selling to large domestic IPPs and institutional clients.
The company commissioned a 2.2 GW module line at Tadkeshwar in November 2025 and reports an order book of about INR 4,000 crore with several large N‑Type TOPCon contracts, giving near‑term revenue visibility and supporting management’s FY26 revenue guidance of INR 1,700–1,800 crore.
Listed peers in Coal: Australian Premium Solar (India) Ltd, Kotyark Industries Ltd, Sahaj Solar Ltd, Shubhshree Biofuels Energy Ltd, Rajputana Biodiesel Ltd, Winsol Engineers Ltd.
Valuation & Returns
10 Jul 2026At ₹998 a share on 10 Jul 2026, Solex Energy Ltd (SOLEX) was valued at a price-to-earnings ratio of 10.97x against an industry P/E of 9.35x and a price-to-book of 6.71x on a book value of ₹148.7 per share as of Mar 2025. Solomo computes return on equity of 61.17% and return on capital employed of 52.55% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 10.97x
- Industry P/E
- 9.35x
- P/B
- 6.71x
- EPS (TTM)
- ₹90.95
- Book value / share
- ₹148.7
- ROE
- 61.17%
- ROCE
- 52.55%
- ROA
- 20.46%
- Debt / equity
- 0.92x
- Dividend yield
- 0.06%
- EBITDA margin
- 11.56%
- 52-week range
- ₹795.45 – ₹1,985
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Solex Energy Ltd (SOLEX) reported revenue of ₹1,618 crore, net profit of ₹98 crore and earnings per share of ₹88.88. That compares with revenue of ₹662 crore and net profit of ₹43 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹886 crore and net profit ₹59 crore (consolidated).
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Revenue (₹ cr) | 162 | 366 | 662 | 1,618 |
| Net profit (₹ cr) | 3 | 9 | 43 | 98 |
| EPS (₹) | 2.71 | 8.73 | 38.91 | 88.88 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 34.33% | 36.75% | 109.37% | 80.97% |
| Profit growth | 68.42% | 54.83% | 242.24% | 390.15% |
| Stock price CAGR | - | 88% | 27% | -35% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 66.15% of Solex Energy Ltd (SOLEX) (unchanged from the previous quarter). Market capitalisation was ₹1,078 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2018.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 66.15% | - | - | - | - |
| Mar 2026 | 66.15% | - | - | - | - |
| Dec 2025 | 66.15% | - | - | - | - |
| Sep 2025 | 66.15% | - | - | - | - |
| Mar 2025 | 66.15% | - | - | - | - |
| Sep 2024 | 66.15% | - | - | - | - |
| Mar 2024 | 70.66% | - | - | - | - |
| Sep 2023 | 70.65% | - | - | - | - |