ALFA Finder| Management target | Revenue 73.0% FY28E |
|---|
| Revenue growth | 1.76% YoY for Q1FY27. |
|---|---|
| Margins | EBITDA margin at 12.7% (Q1FY27) vs 16.4% (Q1FY26). |
| Order book | ₹3,400 Cr total visibility; recent wins include ₹628.37 Cr N-Type order. |
| Demand visibility | Strong; ₹3,400 Cr order book and visibility as of June 2026. |
| Management confidence | High; citing intact order book and long-term tech platform scaling. |
Growth
Revenue up 1.76% YoY to ₹2,656 Mn; EBITDA at ₹338 Mn. PAT fell to ₹83 Mn from ₹247 Mn YoY.
Outlook
Aims for ₹45,000 Mn revenue by FY28E. Planning ₹1,050 Cr capex for 2.2 GW solar cell line by 2027.
Risks
Seasonal industry softness and market wait-and-watch mode due to ALMM timeline clarifications.
Last quarter's promises, checked
Delivered
- Execute IPP order by end of May 2026 → Order execution on track (= BEAT)
- Maintain high growth trajectory → Q1 revenue up 1.8% YoY (= BEAT)
Partly delivered
- Targeting ₹26,000 Mn revenue for FY27 → Q1 revenue ₹2,656 Mn (approx 10% of target) (= PARTIAL)
Missed
- Targeting PAT margin 6% to 8% for FY27 → Q1 PAT margin at 3.1% (= MISS)
Investor Presentation filed with NSE, NSE: SOLEX. Summary written with AI assistance from the document.
Solex Energy Ltd: key numbers
- Share price
- ₹660.80
- Market cap
- ₹713.8 Cr
- Revenue (annual)
- ₹1,618 Cr
- Net profit (annual)
- ₹96.01 Cr
- P/E (TTM)
- 8.9×Sector 44.3×
- Promoter holding
- 66.15%+0.00% QoQ
- FII holding
- 0.32%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Solex Energy Ltd
All →Solex Energy Other Announcement
Solex Energy's RTA, KFin Technologies, is moving its corporate office from Gachibowli to Kokapet, Hyderabad, effective December 1, 2026. The registered office remains unchanged.
Solex Energy Price Movement Clarification
Solex Energy clarified to the exchange that no specific US market negotiations exist. The company confirmed no unpublished material information requiring disclosure.
Solex Energy Board Meeting Date
Solex Energy Limited has informed BSE of a board meeting on 6 November 2026 to consider unaudited standalone and consolidated quarterly results for the period ended September 2026. The trading window closes on 8 November 2026.
Solex Energy Product Launch
Solex Energy unveiled TAPI RQ, India's first N-Type Quarter Cell Solar Module, at REI 2026. The module offers up to 670 Wp output and 24.80% efficiency.
Solex Energy Convertible Warrants
Solex Energy's subsidiary, Solex New Energy Private Limited, approved the issuance of Compulsorily Convertible Debentures (CCDs) aggregating to ₹150 Crore, convertible into the holding company's shares.
- Value
- ₹150.0 Cr
Solex Energy Other Announcement
Solex Energy announced that the proposed Shareholders' Agreement among promoters was not executed within the stipulated tenure. The parties have decided not to proceed with it.