SOLEX ENERGY LIMITED (SOLEX) financials

SOLEX ENERGY LIMITED (SOLEX) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Incorporated in 1995, Solex Energy Ltd manufactures solar photo-voltaic cells and modules and is also in the Engineering, Procurement and Construction in the solar energy market[1]

Market Cap: ₹675Cr.
Current Price: ₹625
Stock P/E: 9.17
ROE: 44.4%
ROCE: 33.2%
Book Value: ₹225
Dividend Yield: 0.09%
52W High / Low: ₹1,985/620

In Jun 2026, SOLEX ENERGY LIMITED (SOLEX) reported sales ₹259.42 Cr and net profit ₹7.15 Cr.

Annual TTM: sales ₹1,566 Cr, net profit ₹74 Cr.

Shareholding: Promoters 66.15% (Sep 2026), FIIs 0.32% (Sep 2026), DIIs 0.28% (Sep 2026), Public 33.24% (Sep 2026), No. of Shareholders 13,263% (Sep 2026).

SOLEX quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	131.75	134.29	252.60	249.20	148.61	317.99	839.48	259.42
Expenses	117.35	110.55	230.21	211.13	133.08	292.91	747.11	232.46
Operating Profit	14.40	23.74	22.39	38.07	15.53	25.08	92.37	26.96
OPM %	10.93%	17.68%	8.86%	15.28%	10.45%	7.89%	11.00%	10.39%
Other Income	0.96	1.09	1.65	1.63	-0.48	1.29	0.45	4.89
Interest	2.53	2.89	4.99	5.41	5.89	9.18	9.87	12.17
Depreciation	1.98	2.51	3.39	4.26	4.44	6.08	10.22	10.14
Profit before tax	10.85	19.43	15.66	30.03	4.72	11.11	72.73	9.54
Tax %	15.85%	27.38%	24.65%	25.17%	28.18%	25.92%	24.67%	25.16%
Net Profit	9.13	14.11	11.80	22.47	3.40	8.23	54.80	7.15
EPS in Rs	8.45	13.06	10.92	20.80	3.15	7.62	50.73	6.62
Raw PDF	—	—	—	—	—	—	—	—

SOLEX profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	138	80	72	161	366	660	1,555	1,566
Expenses	131	76	70	150	337	587	1,386	1,406
Operating Profit	7	3	2	11	28	73	170	160
OPM %	5%	4.2%	2.6%	7%	8%	11%	11%	10%
Other Income	0	0	0	3	2	3	4	6
Interest	1	1	1	6	10	13	30	37
Depreciation	0	0	0	5	8	10	25	31
Profit before tax	6	2	1	4	12	52	119	98
Tax %	29%	29%	20%	30%	24%	25%	25%	—
Net Profit	4	2	1	3	9	39	89	74
EPS in Rs	7.18	2.71	0.99	2.71	8.73	36.13	82.30	68.12
Dividend Payout %	6%	9%	12%	0%	5%	2%	1%	—

SOLEX balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	5	5	5	8	8	8	11	11
Reserves	13	17	19	27	30	38	144	233
Borrowings	6	5	12	19	66	96	174	324
Other Liabilities	47	44	40	18	37	70	156	572
Total Liabilities	71	71	76	73	141	212	485	1,139
Fixed Assets	1	1	1	1	55	54	134	336
CWIP	0	0	0	24	1	0	3	11
Investments	0	0	0	0	1	14	2	1
Other Assets	70	70	75	48	85	143	347	791
Total Assets	71	71	76	73	141	212	485	1,139

SOLEX cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	5	2	2	4	-6	2	-42	214
Cash from Investing Activity	-3	-1	-1	-27	-35	-21	-59	-224
Cash from Financing Activity	-2	-2	-0	22	41	20	110	74
Net Cash Flow	0	-0	1	-2	-0	0	10	64
Free Cash Flow	4	2	1	-20	-41	-6	-108	20
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	87%	53%	95%	222%	-49%	13%	-50%	133%

SOLEX shareholding pattern (%)
Category	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	70.66%	66.15%	66.15%	66.15%	66.15%	66.15%	66.15%	66.15%
FIIs	0.00%	0.03%	0.01%	0.09%	0.25%	0.13%	0.07%	0.32%
DIIs	1.10%	0.89%	0.79%	1.02%	0.98%	0.81%	0.51%	0.28%
Public	28.24%	32.94%	33.06%	32.75%	32.63%	32.91%	33.26%	33.24%
No. of Shareholders	1,402	2,269	2,917	3,007	5,427	7,027	10,382	13,263

SOLEX key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	136	147	255	105	68	47	61	78
Inventory Days	—	—	—	—	—	—	—	—
Days Payable	—	—	—	—	—	—	—	—
Cash Conversion Cycle	136	147	255	105	68	47	61	78
Working Capital Days	48	68	122	132	64	23	47	5
ROCE %	34%	29%	11%	4%	12%	18%	28%	33%

SOLEXUpdated 18 Oct 2026, 14:33

Solex Energy Limited

SOLEXUpdated 18 Oct 2026, 14:33

Market Cap

₹675Cr.

Current Price

₹625

High / Low

₹1,985/620

Stock P/E

9.17

ROE44.4%

ROCE33.2%

Book Value₹225

Face Value₹10.0

Dividend Yield0.09%

About

Incorporated in 1995, Solex Energy Ltd manufactures solar photo-voltaic cells and modules and is also in the Engineering, Procurement and Construction in the solar energy market[1]

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Sep 2024	131.75	2.53	117.35	0.96	1.98	10.85	15.85	9.13	8.45
Dec 2024	134.29	2.89	110.55	1.09	2.51	19.43	27.38	14.11	13.06
Mar 2025	252.6	4.99	230.21	1.65	3.39	15.66	24.65	11.8	10.92
Jun 2025	249.2	5.41	211.13	1.63	4.26	30.03	25.17	22.47	20.8
Sep 2025	148.61	5.89	133.08	-0.48	4.44	4.72	28.18	3.4	3.15
Dec 2025	317.99	9.18	292.91	1.29	6.08	11.11	25.92	8.23	7.62
Mar 2026	839.48	9.87	747.11	0.45	10.22	72.73	24.67	54.8	50.73
Jun 2026	259.42	12.17	232.46	4.89	10.14	9.54	25.16	7.15	6.62

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	6	0	6	0	0	0	29	0	0.62
Mar 2016	46	1	45	0	0	1	31	0	1.3
Mar 2017	34	1	32	0	0	1	33	1	2.02
Mar 2018	101	1	96	0	1	4	28	3	5.1
Mar 2019	149	1	141	0	1	7	27	5	8.02
Mar 2020	138	1	131	0	0	6	29	4	7.18
Mar 2021	80	1	76	0	0	2	29	2	2.71
Mar 2022	72	1	70	0	0	1	20	1	0.99
Mar 2023	161	6	150	3	5	4	30	3	2.71
Mar 2024	366	10	337	2	8	12	24	9	8.73
Mar 2025	660	13	587	3	10	52	25	39	36.13
Mar 2026	1555	30	1386	4	25	119	25	89	82.3
TTM	1566	37	1406	6	31	98	—	74	68.12

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	66.15%
FIIs	0.32%
DIIs	0.28%
Public	33.24%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Mar 2022	70.65%	0%	0%	29.36%
Sep 2022	70.65%	0%	0%	29.35%
Mar 2023	70.65%	0%	0%	29.35%
Sep 2023	70.65%	0%	0%	29.35%
Mar 2024	70.66%	0%	1.1%	28.24%
Sep 2024	66.15%	0.03%	0.89%	32.94%
Mar 2025	66.15%	0.01%	0.79%	33.06%
Sep 2025	66.15%	0.09%	1.02%	32.75%
Dec 2025	66.15%	0.25%	0.98%	32.63%
Mar 2026	66.15%	0.13%	0.81%	32.91%
Jun 2026	66.15%	0.07%	0.51%	33.26%
Sep 2026	66.15%	0.32%	0.28%	33.24%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	0.82	0	4	4	9	0	0	0	8	9
Mar 2016	2	0	4	9	15	2	0	0	13	15
Mar 2017	2	1	1	20	25	2	0	0	23	25
Mar 2018	5	9	6	32	52	1	0	0	51	52
Mar 2019	5	13	6	47	71	1	0	0	70	71
Mar 2020	5	17	5	44	71	1	0	0	70	71
Mar 2021	5	19	12	40	76	1	0	0	75	76
Mar 2022	8	27	19	18	73	1	24	0	48	73
Mar 2023	8	30	66	37	141	55	1	1	85	141
Mar 2024	8	38	96	70	212	54	0	14	143	212
Mar 2025	11	144	174	156	485	134	3	2	347	485
Mar 2026	11	233	324	572	1139	336	11	1	791	1139

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	—	—	—	—
Mar 2016	—	—	—	—
Mar 2017	1	0	0	1
Mar 2018	-4	-3	6	-1
Mar 2019	5	-3	-2	0
Mar 2020	2	-1	-2	0
Mar 2021	2	-1	0	1
Mar 2022	4	-27	22	-2
Mar 2023	-6	-35	41	0
Mar 2024	2	-21	20	0
Mar 2025	-42	-59	110	10
Mar 2026	214	-224	74	64

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	279	75	181	137	136	147	255	105	68	47	61	78
Inventory Days	—	—	—	—	—	—	—	—	—	—	—	—
Days Payable	—	—	—	—	—	—	—	—	—	—	—	—
Cash Conversion Cycle	279	75	181	137	136	147	255	105	68	47	61	78
Working Capital Days	43	6	13	77	48	68	122	132	64	23	47	5
ROCE %	—	23%	37%	42%	34%	29%	11%	4%	12%	18%	28%	33%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of SOLEX ENERGY LIMITED (SOLEX)?

The reported market capitalisation for SOLEX ENERGY LIMITED (SOLEX) is ₹675Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of SOLEX?

The current price shown for SOLEX ENERGY LIMITED (SOLEX) on Fincrux is ₹625 with a 52-week high/low of ₹1,985/620.

What is the P/E ratio of SOLEX ENERGY LIMITED (SOLEX)?

The stock P/E for SOLEX ENERGY LIMITED (SOLEX) is 9.17 on Fincrux, with ROE at 44.4% and ROCE at 33.2%.

What were SOLEX latest quarterly results?

For Jun 2026, SOLEX ENERGY LIMITED (SOLEX) reported sales ₹259.42 Cr and net profit ₹7.15 Cr (figures in ₹ crore unless noted).

What are SOLEX annual sales and net profit?

For TTM, SOLEX ENERGY LIMITED (SOLEX) shows sales of ₹1,566 Cr and net profit of ₹74 Cr on the Fincrux profit & loss statement.

Who owns SOLEX ENERGY LIMITED (SOLEX)?

Latest shareholding for SOLEX ENERGY LIMITED (SOLEX) on Fincrux: Promoters 66.15% (Sep 2026), FIIs 0.32% (Sep 2026), DIIs 0.28% (Sep 2026), Public 33.24% (Sep 2026), No. of Shareholders 13,263% (Sep 2026).

Where can I find SOLEX ENERGY LIMITED (SOLEX) financials?

SOLEX ENERGY LIMITED (SOLEX) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show SOLEX balance sheet and cash flow?

Yes. The SOLEX ENERGY LIMITED (SOLEX) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 18 October 2026 at 14:33