ALFA Finder| 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
- ₹753.10
- Market cap
- ₹1,843 Cr
- Revenue (annual)
- ₹2,223 Cr
- Net profit (annual)
- ₹201.5 Cr
- P/E (TTM)
- 9.2×Sector 21.7×
- Promoter holding
- 65.90%+0.00% QoQ
- FII holding
- 3.28%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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