Alpex Solar Peer Comparison

NSE: ALPEXSOLAR

₹814.15

₹3.35 (0.41%)

As on 06-Oct-2026IST

Market cap

₹2,071 Cr

Revenue (TTM)

₹2,346 Cr

P/E Ratio

10.4

P/B Ratio

3.6

Div. Yield

0 %

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	Alpex Solar	Solarworld Energy Solutions	Solex Energy	Urja Global	Elango
Market cap (₹ Cr)	2,071	1,130	746	481	5
Revenue (₹ Cr)	2,346	1,476	1,619	62	0
Net Profit (₹ Cr)	199.31	117.71	81.80	1.45	-0.14
Net Margin (%)	8.46	7.78	5.03	2.34	-372.97
RoE (%)	38.80	14.66	36.21	0.62	-3.75
Price to Earnings	10.35	9.66	9.35	440.06	--
Price-To-Book	3.64	1.32	2.86	2.68	1.33

Income Statement (₹ Cr)

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

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

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

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

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

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

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

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

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

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