Alpex Solar Peer Comparison

NSE: ALPEXSOLAR

₹849.05

₹-12.15 (-1.41%)

As on 28-Aug-2026IST

Market cap

₹2,169 Cr

Revenue (TTM)

₹2,346 Cr

P/E Ratio

10.8

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)	2,169	1,285	821	512	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	10.84	10.98	10.28	467.56	--
Price-To-Book	3.61	1.50	3.14	2.85	1.29

Income Statement (₹ Cr)

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

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

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

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

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

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

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

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

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

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