| Revenue growth | 2.85x growth in FY26; guided to exceed ₹3,000 Cr in FY27. |
|---|---|
| Margins | EBITDA margin at 15%; cell business expected to deliver 35% EBITDA. |
| Order book | ₹1,900 Cr; selectively taking orders to capitalize on new cell line. |
| Demand visibility | Strong domestic demand; order book at ~₹1,900 Cr. |
| Management confidence | High; surpassing 2x annual growth guidance given during listing. |
Growth
FY26 Revenue grew 185% YoY; EBITDA scaled 2.56x to ₹327 Cr. Q4 Revenue at ₹671 Cr.
Outlook
FY27 guidance of ₹3,000+ Cr revenue. Building 2.2GW cell line, 5GW glass/ingot/wafer lines by FY30. Target ₹10,000 Cr revenue.
Risks
Raw material volatility (glass/EVA), high container freight costs, and global anti-dumping duties in US/EU markets.
Earnings Call filed with NSE, NSE: ALPEXSOLAR. Summary written with AI assistance from the document.
Alpex Solar Ltd: key numbers
- Share price
- ₹862.65
- Market cap
- ₹2,111 Cr
- Revenue (annual)
- ₹2,223 Cr
- Net profit (annual)
- ₹201.5 Cr
- P/E (TTM)
- 10.5×Sector 25.1×
- Promoter holding
- 65.90%+0.00% QoQ
- FII holding
- 3.12%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Alpex Solar Ltd
All →Alpex Solar Production Started
Alpex Solar inaugurated its 2.2 GW G12R TOPCon solar cell plant in Kosi-Kotwan, Uttar Pradesh. The facility adds cell manufacturing capacity to its integrated solar value chain.
- solar cell manufacturing capacity
- 2.2 GW
Alpex Solar Annual General Meeting
Alpex Solar Limited issued a notice for its 33rd Annual General Meeting scheduled for September 29, 2026. Shareholders will vote on financial adoption and auditor appointments.
Alpex Solar Other Announcement
Alpex Solar Limited has approved the re-appointment of its Statutory Auditor and the appointment of a Secretarial Auditor. These appointments follow the company's recent board meeting.
Alpex Solar Board Meeting Outcome
Alpex Solar re-appointed its statutory auditor and appointed a secretarial auditor. The company also scheduled its 33rd Annual General Meeting for September 29, 2026.
Alpex Solar Business Update
Alpex Solar Limited is inaugurating its new 2.2 GW G12R TOPCon Solar Cell manufacturing facility in Kosi Kotwan, Uttar Pradesh, on September 16, 2026.
- Solar Cell manufacturing capacity
- 2.2 GW
Alpex Solar Production Started
Alpex Solar Limited will inaugurate its 2.2 GW solar cell manufacturing plant in Uttar Pradesh on September 16, 2026. This facility utilizes advanced TOPCon solar cell technology.
- solar cell manufacturing capacity
- 2.2 GW