₹995
■ +0 +0.00%
17 Jul 2026
NSE Listed
Solex Energy Limited (SOLEX)
Volume: 41,547Avg Vol 1W: 55,486.2Avg Vol 1M: 41,407.152W Range:₹795.45₹1,985
Key Ratios
Checked 17h agoMarket Cap₹1,075 Cr
Current Price₹995
Previous Close₹995
High / Low (52w)₹1,985 / ₹795.45
Volume41,547
Avg Vol (1W)55,486.2
Avg Vol (1M)41,407.1
Stock P/E11.23
Book Value₹234.16
Dividend Yield0%
ROE37.95%
ROA8.32%
Revenue (TTM)₹666 Cr
Revenue Growth81%
Profit Margin5.93%
Total Debt₹69 Cr
Shares Outstanding1 Cr
Face Value₹10
EPS (TTM)₹88.6
P/B4.25
Debt / Equity1.18
50 DMA₹1,131.98
200 DMA₹1,249.99
Day change+0.00%
Price Chart
₹995▼ 35.01% · 1Y
2025-07-162026-07-15
20-day avg volume: 41K shares
Pros
- Healthy return on equity of 38.0%.
- Company is almost debt-free.
- Revenue grew 73% YoY.
- Net profit is growing year over year.
Quarterly Results
| Metric | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | ₹132 Cr | ₹135 Cr | ₹254 Cr | ₹260 Cr | ₹155 Cr | ₹318 Cr | ₹886 Cr |
| EBITDA | ₹13 Cr | ₹22 Cr | ₹25 Cr | ₹38 Cr | ₹14 Cr | ₹21 Cr | ₹88 Cr |
| Net Profit | ₹9 Cr | ₹14 Cr | ₹14 Cr | ₹24 Cr | ₹5 Cr | ₹9 Cr | ₹58 Cr |
| EPS | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Revenue | ₹138 Cr | ₹80 Cr | ₹72 Cr | ₹164 Cr | ₹368 Cr | ₹666 Cr |
| EBITDA | ₹7 Cr | ₹3 Cr | ₹2 Cr | ₹9 Cr | ₹22 Cr | ₹67 Cr |
| Net Profit | ₹4 Cr | ₹2 Cr | ₹1 Cr | ₹3 Cr | ₹9 Cr | ₹42 Cr |
| EPS | 9.01 | 3.39 | 1.28 | 3.39 | 10.92 | 43.82 |
Balance Sheet
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Total Assets | ₹71 Cr | ₹76 Cr | ₹73 Cr | ₹141 Cr | ₹212 Cr | ₹480 Cr |
| Total Liabilities | ₹49 Cr | ₹52 Cr | ₹38 Cr | ₹103 Cr | ₹166 Cr | ₹319 Cr |
| Equity | ₹22 Cr | ₹24 Cr | ₹35 Cr | ₹38 Cr | ₹46 Cr | ₹162 Cr |
| Total Debt | ₹0 Cr | ₹1 Cr | ₹13 Cr | ₹45 Cr | — | — |
Cash Flow
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Operating | ₹3 Cr | ₹4 Cr | ₹-6 Cr | ₹4 Cr | ₹-34 Cr |
| Investing | ₹-1 Cr | ₹-27 Cr | ₹-35 Cr | ₹-21 Cr | ₹-54 Cr |
| Financing | ₹0 Cr | ₹22 Cr | ₹41 Cr | ₹20 Cr | ₹113 Cr |
| Free Cash Flow | ₹3 Cr | ₹4 Cr | ₹-6 Cr | ₹4 Cr | ₹-34 Cr |
Shareholding
Promoter 66.15% Institutions 0.94% Public 32.91%
Efficiency & Working Capital
ROCE27.4%
Interest Coverage6.3
Dividend Payout—
Debtor Days64 d
Inventory Days99 d
Payable Days51 d
Cash Conversion Cycle112 d
Working Capital Days163 d
Shareholding Details
As of 2026-03-31
Promoter66.2%
FII0.1%
DII0.8%
Institutions0.9%
Public32.9%
Promoter Pledge0%
No. of Shareholders7,027
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Apr 2021 | Sept 2021 | Mar 2022 | Sept 2022 | Mar 2023 | Sept 2023 | Mar 2024 | Sept 2024 | Mar 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 70.7% | 43.5% | 70.7% | 70.7% | 70.7% | 70.7% | 70.7% | 66.1% | 66.1% | 66.1% | 66.1% | 66.2% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.1% | 0.2% | 0.1% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 1% | 0.8% |
| Public | 29.3% | 56.5% | 29.3% | 29.3% | 29.3% | 29.3% | 29.3% | 33.8% | 33.8% | 33.8% | 32.6% | 32.9% |
| Promoter Pledge | 26.2% | 42.6% | 26.2% | 26.2% | 26.2% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 246 | 245 | 302 | 303 | 567 | 917 | 1,402 | 2,269 | 2,917 | 3,007 | 5,427 | 7,027 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Anil Rathi | Shareholding of Promoter and Promoter Group | 7.4% | 8,00,276 |
| Shivprakash Unkarchand Rathi | Shareholding of Promoter and Promoter Group | 6.9% | 7,45,797 |
| Chetan Sureshchandra Shah | Shareholding of Promoter and Promoter Group | 6.8% | 7,37,456 |
| Satyanarayan Unkarchand Rathi | Shareholding of Promoter and Promoter Group | 5.5% | 5,89,568 |
| Kalpeshkumar Ramanbhai Patel | Shareholding of Promoter and Promoter Group | 5.2% | 5,59,950 |
| Sapna Vipul Shah | Shareholding of Promoter and Promoter Group | 5.1% | 5,51,785 |
| Krishna Patodia | Shareholding of Promoter and Promoter Group | 3.9% | 4,24,083 |
| Pukhraj Ganeshilal Agrawal | Shareholding of Promoter and Promoter Group | 3.7% | 3,96,420 |
| Agrawal Bhavana | Shareholding of Promoter and Promoter Group | 3.3% | 3,58,785 |
| Kailashchandra Banshilal Chandak | Shareholding of Promoter and Promoter Group | 3.3% | 3,50,616 |
| Shakuntala Mulchand Shah | Shareholding of Promoter and Promoter Group | 2.8% | 2,99,821 |
| Paulomi Chetan Shah . | Shareholding of Promoter and Promoter Group | 1.8% | 1,92,191 |
| Piyush Kailashchandra Chandak | Shareholding of Promoter and Promoter Group | 1.7% | 1,81,968 |
| Mit Kalpeshkumar Patel | Shareholding of Promoter and Promoter Group | 1.2% | 1,25,000 |
| Bhanumatiben R Patel | Shareholding of Promoter and Promoter Group | 1.2% | 1,25,000 |
| Kaminiben Kalpeshkumar Patel | Shareholding of Promoter and Promoter Group | 1.2% | 1,25,000 |
| Patodia Arunkumar Kashiprasad | Shareholding of Promoter and Promoter Group | 1.1% | 1,13,308 |
| Kavitadevi Kailashchandra Chandak | Shareholding of Promoter and Promoter Group | 1% | 1,08,185 |
| Sunita Arunkumar Patodia | Shareholding of Promoter and Promoter Group | 1% | 1,03,436 |
| Narayan Arun Patodia | Shareholding of Promoter and Promoter Group | 1% | 1,03,013 |
| Shikha Ayush Patodia | Shareholding of Promoter and Promoter Group | 0.8% | 90,000 |
| Kavita Piyush Chandak | Shareholding of Promoter and Promoter Group | 0.6% | 64,622 |
| — | — | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Satyanarayan Unkarchand Rathi | 0 | 0% | 2026-03-31 |
| Agrawal Bhavana | 0 | 0% | 2026-03-31 |
| Pukhraj Ganeshilal Agrawal | 0 | 0% | 2026-03-31 |
| Kailashchandra Banshilal Chandak | 0 | 0% | 2026-03-31 |
| Shivprakash Unkarchand Rathi | 0 | 0% | 2026-03-31 |
| Anil Rathi | 0 | 0% | 2026-03-31 |
| Kavitadevi Kailashchandra Chandak | 0 | 0% | 2026-03-31 |
| Paulomi Chetan Shah . | 0 | 0% | 2026-03-31 |
| Shakuntala Mulchand Shah | 0 | 0% | 2026-03-31 |
| Chetan Sureshchandra Shah | 0 | 0% | 2026-03-31 |
| Kalpeshkumar Ramanbhai Patel | 0 | 0% | 2026-03-31 |
| Kaminiben Kalpeshkumar Patel | 0 | 0% | 2026-03-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Chetan Sureshchandra Shah | Chairman / Executive Director / M D / Promoter | 2025 |
| Kalpeshkumar Ramanbhai Patel | WTD & Executive Director | 2025 |
| Rajeshbhai Tulsibhai Patel | Independent Non Exe. Director | 2025 |
| Kamlesh Pravin Yagnik | Independent Non Exe. Director | 2025 |
| Anil Rathi | Non Executive Director | 2025 |
| Piyush Kailashchandra Chandak | WTD & Executive Director | 2025 |
| Viplav Suryakantbhai Khamar | Non Executive Director | 2025 |
| Amitkumar D. Trivedi | Independent Non Exe. Director | 2025 |
| Sanjay Punjabi | Independent Non Exe. Director | 2025 |
| Jayesh Gajjar | Independent Non Exe. Director | 2025 |
| Sanjay Srivastava | Independent Non Exe. Director | 2025 |
| Azmin Chiniwala | Company Sec. & Compli. Officer | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Engineering, Procurement and Constr | ₹0 Cr | — |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹10 | 11 | 11 | 11 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| dividend | 2025-09-22 | ₹0.55 (5.5%) | Final |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 39 | 0 | 0 | 33 | 44 | 116 |
| 2025 | 0 | 0 | 0 | 30 | 13 | 44 |
| 2025 | 0 | 0 | 0 | 1 | 0 | 1 |
Company Information
Incorporated2014
ChairmanChetan Sureshchandra Shah
AuditorHRK & Co/Maheshwari & Co
Investor Email[email protected]
📍 Plot No. 131/A Phase 1 GIDC, Vithal Udyognagar, Anand, Gujarat, 388121
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