Solex Energy Peer Comparison

NSE: SOLEX | BSE: 544862

₹533.00

₹-21.85 (-3.94%)

As on 23-Oct-2026IST

Market cap

₹576 Cr

Revenue (TTM)

₹1,619 Cr

P/E Ratio

7.2

P/B Ratio

2.2

Div. Yield

0.1 %

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	Solex Energy	Alpex Solar	Solarworld Energy Solutions	Urja Global	Elango
Market cap (₹ Cr)	576	1,723	942	428	4
Revenue (₹ Cr)	1,619	2,346	1,476	62	0
Net Profit (₹ Cr)	81.80	199.31	117.71	1.45	-0.14
Net Margin (%)	5.03	8.46	7.78	2.34	-372.97
RoE (%)	36.21	38.80	14.66	0.62	-3.75
Price to Earnings	7.22	8.61	8.05	391.67	--
Price-To-Book	2.21	3.03	1.10	2.39	1.24

Income Statement (₹ Cr)

	Solex Energy	Alpex Solar	Solarworld Energy Solutions	Urja Global	Elango
Operating Revenue	1,618.06	2,223.27	1,376.16	66.70	0.96
Total Income	1,621.86	2,231.76	1,416.07	67.59	0.96
Total Expenditure	1,435.14	1,903.50	1,228.14	64.52	1.16
EBITDA	182.92	319.77	148.02	2.18	-0.20
Depreciation	25.15	24.08	5.24	0.49	0.02
EBIT	157.77	295.70	142.78	1.69	-0.21
Interest	30.84	22.89	20.65	0.60	--
Other Income	3.80	8.48	39.91	0.89	0.00
Exceptional Items	0.39	-0.93	--	--	--
Profit before Tax	131.12	279.49	161.05	1.99	-0.21
Provision for Tax	32.87	77.98	40.58	0.64	0.00
Profit after Tax	98.25	201.51	120.47	1.35	-0.22

	Solex Energy	Alpex Solar	Solarworld Energy Solutions	Urja Global	Elango
Shareholder's Funds	252.95	561.80	847.80	176.67	3.77
Minority Interest	3.13	0.00	--	14.37	--
Non-Current Liabilities	254.11	291.47	60.13	5.75	0.05
Current Liabilities	671.17	529.85	774.09	51.21	0.89
Total Liabilities	1,181.36	1,384.04	1,688.00	248.01	4.71

	Solex Energy	Alpex Solar	Solarworld Energy Solutions	Urja Global	Elango
Non-Current Assets	354.95	477.06	225.18	152.78	1.44
Current Assets	826.41	906.05	1,456.83	95.15	3.28
Total Assets	1,181.36	1,384.04	1,688.00	248.01	4.71
Total Debt*	269.21	506.67	254.99	9.23	0.00
Net Current Assets	155.24	376.20	682.74	43.94	2.39
Contingent Liabilities	4.27	83.67	0.77	--	--

	Solex Energy	Alpex Solar	Solarworld Energy Solutions	Urja Global	Elango
Cash From Operating Activities	200.69	-115.61	-49.51	-26.12	--
Cash Flow from Investing Activities	-225.16	-437.24	-476.23	23.09	--
Cash from Financing Activities	88.81	553.26	537.56	0.27	--
Net Cash Inflow / Outflow	64.34	0.41	11.83	-2.75	--

	Solex Energy	Alpex Solar	Solarworld Energy Solutions	Urja Global	Elango
ROCE (%)	39.16	44.57	23.81	1.40	-5.50
ROE (%)	47.87	54.06	20.85	0.77	-5.60
ROA (%)	11.70	21.74	10.59	0.50	-4.59
EBIT Margin (%)	11.54	14.76	13.66	4.61	-20.58
Net Margin (%)	6.06	9.03	8.51	1.99	-22.61
Cash Profit Margin (%)	7.63	10.15	9.14	2.76	-20.95

	Solex Energy	Alpex Solar	Solarworld Energy Solutions	Urja Global	Elango
Revenue Growth (%)	144.34	184.98	152.61	-0.81	-62.83
EBIT Growth (%)	134.63	156.15	62.61	1.13	-69.15
Net Profit Growth (%)	132.68	141.40	56.36	-2.48	-49.79
EPS Growth (%)	131.57	131.29	33.75	5.04	-49.82
Book Value Growth (%)	60.56	144.52	174.24	0.76	-5.44

	Solex Energy	Alpex Solar	Solarworld Energy Solutions	Urja Global	Elango
Price / Earnings	10.37	9.62	10.32	320.80	0.00
Price / Book Value	3.93	3.66	1.47	2.42	0.99
Dividend Yield (%)	0.06	0.00	0.00	0.00	0.00
EV/EBITDA	6.11	7.00	4.93	142.07	-18.86
Market Cap (₹ Cr)	995.11	1,939.36	1,243.77	428.19	3.72

	Solex Energy	Alpex Solar	Solarworld Energy Solutions	Urja Global	Elango
Debt to Equity	1.06	0.96	0.30	0.05	0.00
Short term debt to equity ratio	0.14	0.44	0.21	0.02	--
Current Ratio	1.23	1.71	1.88	1.86	3.69
Quick Ratio	0.80	1.03	1.74	1.07	3.69
Interest Coverage	5.25	13.21	8.80	4.34	--

	Solex Energy	Alpex Solar	Solarworld Energy Solutions	Urja Global	Elango
Debtors to sales (%)	22.04	11.46	25.27	24.87	0.90
Asset Turnover	1.93	2.40	1.21	0.25	0.20
Receivable days	53.14	31.07	65.24	107.70	1.73
Inventory Days	53.01	37.86	14.35	221.85	0.00
Payable days	77.03	28.14	85.36	46.81	5.67
Cash Conversion Cycle	29.12	40.79	-5.78	282.73	-3.94

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