Solex Energy Peer Comparison

NSE: SOLEX | BSE: 544862

₹759.60

₹-2.40 (-0.31%)

As on 28-Aug-2026IST

Market cap

₹821 Cr

Revenue (TTM)

₹1,619 Cr

P/E Ratio

10.3

P/B Ratio

3.1

Div. Yield

0 %

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	Solex Energy	Alpex Solar	Elango	Gujarat Gas	Indraprastha Gas	Premier Energies	Schneider Electric	Solarworld Energy Solutions	Urja Global	VA Tech Wabag
Market cap (₹ Cr)	821	2,169	5	33,414	20,664	46,031	28,678	1,285	512	13,009
Revenue (₹ Cr)	1,619	2,346	0	23,618	18,563	8,466	2,920	1,476	62	4,097
Net Profit (₹ Cr)	81.80	199.31	-0.14	1,655.26	1,070.56	1,668.39	183.76	117.71	1.45	388.00
Net Margin (%)	5.03	8.46	-372.97	6.87	5.65	19.26	6.25	7.78	2.34	9.14
RoE (%)	36.21	38.80	-3.75	15.06	11.98	42.90	27.30	14.66	0.62	16.29
Price to Earnings	10.28	10.84	--	17.61	15.18	27.65	156.06	10.98	467.56	32.94
Price-To-Book	3.14	3.61	1.29	1.71	1.77	9.63	37.08	1.50	2.85	4.93

Income Statement (₹ Cr)

	Solex Energy	Alpex Solar	Solarworld Energy Solutions	Urja Global	Elango
Operating Revenue	662.22	780.15	544.77	67.25	0.96
Total Income	665.82	783.01	551.09	68.49	0.96
Total Expenditure	589.11	654.86	435.52	65.45	1.16
EBITDA	73.12	125.29	109.25	1.80	-0.20
Depreciation	9.23	8.50	0.23	0.38	0.02
EBIT	63.89	116.79	109.02	1.42	-0.21
Interest	10.77	7.32	6.23	0.63	--
Other Income	3.60	2.86	6.32	1.24	0.00
Exceptional Items	--	5.11	-2.12	--	--
Profit before Tax	56.71	112.31	106.61	2.03	-0.21
Provision for Tax	13.92	28.83	29.56	0.65	0.00
Profit after Tax	42.79	83.48	77.05	1.38	-0.22

	Solex Energy	Alpex Solar	Solarworld Energy Solutions	Urja Global	Elango
Shareholder's Funds	160.63	216.41	309.07	175.25	3.77
Minority Interest	0.89	--	--	14.36	--
Non-Current Liabilities	72.35	18.15	60.36	43.96	0.05
Current Liabilities	246.39	235.82	223.74	57.43	0.89
Total Liabilities	480.25	473.61	598.02	291.00	4.71

	Solex Energy	Alpex Solar	Solarworld Energy Solutions	Urja Global	Elango
Non-Current Assets	118.09	113.00	158.17	208.66	1.44
Current Assets	362.16	357.39	434.99	82.32	3.28
Total Assets	480.25	473.61	598.02	291.00	4.71
Total Debt*	147.50	72.08	114.55	8.29	0.00
Net Current Assets	115.77	121.56	211.25	24.89	2.39
Contingent Liabilities	--	49.44	73.61	0.12	--

	Solex Energy	Alpex Solar	Solarworld Energy Solutions	Urja Global	Elango
Cash From Operating Activities	-47.49	68.84	53.90	-6.51	-1.63
Cash Flow from Investing Activities	-53.70	-81.90	-273.50	6.35	--
Cash from Financing Activities	113.05	16.27	210.30	2.41	--
Net Cash Inflow / Outflow	11.86	3.20	-9.29	2.25	-1.63

	Solex Energy	Alpex Solar	Solarworld Energy Solutions	Urja Global	Elango
ROCE (%)	29.96	52.33	40.42	1.47	-5.50
ROE (%)	41.37	47.78	40.30	0.79	-5.60
ROA (%)	12.36	23.95	20.62	0.48	-4.59
EBIT Margin (%)	11.58	16.43	21.21	4.52	-20.58
Net Margin (%)	6.43	10.66	13.98	2.02	-22.61
Cash Profit Margin (%)	7.86	11.79	14.19	2.62	-20.95

	Solex Energy	Alpex Solar	Solarworld Energy Solutions	Urja Global	Elango
Revenue Growth (%)	80.97	89.08	8.73	51.22	-62.83
EBIT Growth (%)	151.46	231.76	57.57	-21.10	-69.15
Net Profit Growth (%)	389.92	186.98	49.06	-32.10	-49.79
EPS Growth (%)	345.41	186.98	29.96	-37.53	-49.82
Book Value Growth (%)	247.37	62.68	319.51	0.87	-5.44

	Solex Energy	Alpex Solar	Solarworld Energy Solutions	Urja Global	Elango
Price / Earnings	16.22	16.62	0.00	481.09	0.00
Price / Book Value	4.24	6.41	0.00	3.49	0.99
Dividend Yield (%)	0.09	0.00	--	0.00	0.00
EV/EBITDA	10.65	11.03	0.21	202.70	-18.86
Market Cap (₹ Cr)	681.82	1,387.42	0.00	611.32	3.72

	Solex Energy	Alpex Solar	Solarworld Energy Solutions	Urja Global	Elango
Debt to Equity	0.92	0.33	0.37	0.05	0.00
Short term debt to equity ratio	0.38	0.23	0.16	0.02	--
Current Ratio	1.47	1.52	1.94	1.43	3.69
Quick Ratio	0.74	1.08	1.94	0.73	3.69
Interest Coverage	6.27	16.35	18.11	4.21	--

	Solex Energy	Alpex Solar	Solarworld Energy Solutions	Urja Global	Elango
Debtors to sales (%)	17.54	15.86	26.48	33.86	0.90
Asset Turnover	1.91	2.24	1.46	0.23	0.20
Receivable days	44.87	45.48	58.44	102.70	1.73
Inventory Days	67.77	32.60	1.44	216.45	0.00
Payable days	51.77	35.61	39.81	47.92	5.67
Cash Conversion Cycle	60.87	42.47	20.07	271.22	-3.94

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.