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Solex Energy

₹1252.6 0 | 0%

Market Cap ₹1002 Cr.

Stock P/E 0.0

P/B 26.6

Current Price ₹1252.6

Book Value ₹ 47

Face Value 10

52W High ₹1300

Dividend Yield 0.01%

52W Low ₹ 387

Solex Energy Research see more...

Overview Inc. Year: 2014Industry: Electric Equipment

Solex Energy Ltd is a reputable renewable energy company that specializes in the development, installation, and maintenance of solar power systems. With a commitment to sustainability and a clean energy future, Solex Energy aims to harness the power of the sun to provide efficient and eco-friendly solutions for residential, commercial, and industrial clients. The company offers a comprehensive range of services, including solar panel installation, solar farm development, and solar energy consultancy. By leveraging advanced technology and industry expertise, Solex Energy ensures the seamless integration of solar energy solutions tailored to meet the specific needs of each client. With a strong focus on quality and reliability, Solex Energy has established a solid reputation for delivering innovative solar solutions that contribute to reducing carbon emissions and promoting a greener planet.

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Solex Energy Share Price

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Quarterly Price

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Solex Energy Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Solex Energy Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 6 46 34 101 149 138 80 72 162
Other Income 0 0 0 0 0 0 0 0 3
Total Income 6 47 34 101 149 138 80 72 164
Total Expenditure 6 45 32 96 141 131 76 70 150
Operating Profit 0 1 2 6 8 8 4 2 14
Interest 0 1 1 1 1 1 1 1 6
Depreciation 0 0 0 1 1 0 0 0 5
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 1 1 4 7 6 2 1 4
Provision for Tax 0 0 0 1 2 2 1 0 1
Profit After Tax 0 0 1 3 5 4 2 1 3
Adjustments 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 0 1 3 5 4 2 1 3
Adjusted Earnings Per Share 0 0 2.6 6.4 10.1 9 3.4 1.2 3.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 125% 5% 10% 0%
Operating Profit CAGR 600% 21% 18% 0%
PAT CAGR 200% -9% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 200% 205% 117% NA%
ROE Average 7% 6% 14% 20%
ROCE Average 12% 9% 18% 22%

Solex Energy Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 1 2 4 14 18 22 24 35 38
Minority's Interest 0 0 0 0 0 0 0 0 0
Borrowings 0 1 1 0 0 0 1 13 45
Other Non-Current Liabilities -0 0 0 3 4 5 6 5 4
Total Current Liabilities 7 12 20 36 51 44 45 20 54
Total Liabilities 9 15 25 52 73 71 76 73 141
Fixed Assets 0 2 2 1 1 1 1 1 55
Other Non-Current Assets 0 0 0 0 0 0 2 26 3
Total Current Assets 8 13 23 51 71 70 73 46 83
Total Assets 9 15 25 52 73 71 76 73 141

Solex Energy Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 0 0 1 2 0 1 1 2 0
Cash Flow from Operating Activities -2 1 1 -4 5 2 2 4 21
Cash Flow from Investing Activities -2 -1 -0 -3 -3 -1 -1 -27 -47
Cash Flow from Financing Activities 4 0 -0 6 -2 -2 -0 22 26
Net Cash Inflow / Outflow 0 1 1 -1 0 -0 1 -2 -0
Closing Cash & Cash Equivalent 0 1 2 0 1 1 2 0 0

Solex Energy Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 0 1.51 2.56 6.39 10.07 9.01 3.39 1.23 3.39
CEPS(Rs) 0.95 2.5 3.7 7.72 11.25 9.67 3.92 1.55 9.06
DPS(Rs) 0 0 0 1 0.5 0.5 0.3 0.15 0.15
Book NAV/Share(Rs) 0 8.23 10.1 27.51 36.39 44.84 47.73 43.8 47.03
Core EBITDA Margin(%) 5.3 2.44 5.89 5.61 5.28 5.32 4.19 2.58 7
EBIT Margin(%) 5.08 2.47 5.78 5.11 5.1 5.36 4.32 2.75 5.85
Pre Tax Margin(%) 2.16 1.11 3.99 4.33 4.56 4.52 2.96 1.71 2.38
PAT Margin (%) 1.5 0.78 2.67 3.12 3.34 3.22 2.11 1.37 1.68
Cash Profit Margin (%) 1.97 1.29 3.86 3.77 3.73 3.46 2.43 1.72 4.48
ROA(%) 1.11 3.12 4.62 8.2 7.96 6.2 2.28 1.33 2.54
ROE(%) 10.41 25.13 32.71 36.76 31.51 22.19 7.33 3.37 7.46
ROCE(%) 6.83 21.65 37.04 42.02 34.35 28.63 10.93 4.39 11.98
Receivable days 277.74 56.65 141.17 98.77 114.51 147.09 255.03 193.73 57.55
Inventory Days 61.17 6.03 17.05 17.57 15.74 14.49 30.06 56.43 50.36
Payable days 90.55 36.76 111.12 76.75 97.8 120.97 209.87 133.72 58.24
PER(x) 0 0 0 7.35 3.01 2.18 10.29 92.48 126.76
Price/Book(x) 0 0 0 1.71 0.83 0.44 0.73 2.61 9.13
Dividend Yield(%) 0 0 0 2.13 1.65 2.55 0.86 0.13 0.03
EV/Net Sales(x) 0.72 0.1 0.06 0.29 0.14 0.1 0.34 1.54 2.53
EV/Core EBITDA(x) 12.95 3.36 0.79 5.02 2.54 1.84 7.53 49.51 29.25
Net Sales Growth(%) 0 628.95 -26.38 196.69 47.22 -7.39 -42.32 -9.67 124.85
EBIT Growth(%) 0 254.72 72.17 162.59 46.85 -2.75 -53.51 -42.46 378.38
PAT Growth(%) 0 281.22 150.85 246.57 57.43 -10.49 -62.34 -41.06 174.39
EPS Growth(%) 0 108.4 69.11 0 57.43 -10.49 -62.34 -63.61 174.39
Debt/Equity(x) 4.17 1.96 0.33 0.46 0.36 0.23 0.51 0.55 1.75
Current Ratio(x) 1.1 1.12 1.14 1.44 1.4 1.6 1.64 2.34 1.53
Quick Ratio(x) 0.95 1.08 1 1.24 1.29 1.48 1.46 1.62 0.97
Interest Cover(x) 1.74 1.82 3.24 6.5 9.5 6.42 3.18 2.64 1.69
Total Debt/Mcap(x) 0 0 0 0.27 0.43 0.53 0.7 0.21 0.19

Solex Energy Shareholding Pattern

# Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024
Promoter 70.43 70.43 70.43 70.43 43.49 70.65 70.65 70.65 70.65 70.66
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 1.1
Public 29.57 29.57 29.57 29.57 56.51 29.35 29.35 29.35 29.35 28.24
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 133.72 to 58.24days.

Cons

  • Company has a low return on equity of 6% over the last 3 years.
  • Stock is trading at 26.6 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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