Solex Energy
: SOLEX · Heavy Electrical Equipment
Snapshot
Unlock Solex Energy's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Solex Energy Limited is an Indian manufacturer of solar photovoltaic modules and provider of comprehensive solar energy solutions. The company operates across the renewable energy value chain, offering turnkey Engineering, Procurement, and Construction (EPC) services for residential, commercial, industrial, and utility-scale projects.
Business Model
The company generates revenue through the manufacturing and sale of solar PV modules and home lighting systems, alongside executing turnkey solar projects. Additionally, it leverages OEM and ODM partnerships to produce modules for both domestic and international brands.
- Incorporation Year:1995
Growth Outlook
Growth is driven by the increasing demand for renewable energy infrastructure in India and the expansion of solar adoption across industrial and utility sectors. The company's focus on OEM/ODM partnerships provides a scalable avenue for increasing production volumes.
Key Risks
- Raw Material Price Volatility. Fluctuations in the cost of silicon and other raw materials can significantly impact manufacturing margins.
- Regulatory and Policy Risk. Changes in government subsidies, import duties on solar components, or renewable energy policies could adversely affect project viability.
- Intense Market Competition. The solar manufacturing sector faces high competition from both domestic players and low-cost international imports.
- Project Execution Risk. Delays in large-scale EPC project timelines or cost overruns can negatively impact the company's financial performance.
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Peers · Heavy Electrical Equipment
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Solex EnergySOLEX | ₹821 Cr | 7.89 | 5.70 | — | 11.0% | 39.6% | 39.5% | -38.3% |
KP Green Engineering LimitedKPGEL | ₹1,310 Cr | — | — | — | 20.0% | — | — | -53.6% |
Jyoti StructuresJYOTISTRUC | ₹1,210 Cr | 19.13 | 39.09 | 49.4% | 9.7% | 12.4% | 2.8% | -32.6% |
IndosolarWAAREEINDO | ₹1,149 Cr | 6.91 | 4.35 | 6.7% | 47.7% | 101.7% | 112.1% | -33.7% |
Swelect Energy Systems LimitedSWELECTES | ₹894 Cr | 21.11 | 9.60 | -10.9% | 28.3% | 5.0% | 9.1% | -16.7% |
Neueon CorporationNEUEON | ₹754 Cr | -0.27 | -4.14 | — | -25.0% | -31.6% | -26.8% | — |
As of Q1 FY27
Financials
Solex Energy
: SOLEX · Heavy Electrical Equipment
Snapshot
Unlock Solex Energy's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Solex Energy Limited is an Indian manufacturer of solar photovoltaic modules and provider of comprehensive solar energy solutions. The company operates across the renewable energy value chain, offering turnkey Engineering, Procurement, and Construction (EPC) services for residential, commercial, industrial, and utility-scale projects.
Business Model
The company generates revenue through the manufacturing and sale of solar PV modules and home lighting systems, alongside executing turnkey solar projects. Additionally, it leverages OEM and ODM partnerships to produce modules for both domestic and international brands.
- Incorporation Year:1995
Growth Outlook
Growth is driven by the increasing demand for renewable energy infrastructure in India and the expansion of solar adoption across industrial and utility sectors. The company's focus on OEM/ODM partnerships provides a scalable avenue for increasing production volumes.
Key Risks
- Raw Material Price Volatility. Fluctuations in the cost of silicon and other raw materials can significantly impact manufacturing margins.
- Regulatory and Policy Risk. Changes in government subsidies, import duties on solar components, or renewable energy policies could adversely affect project viability.
- Intense Market Competition. The solar manufacturing sector faces high competition from both domestic players and low-cost international imports.
- Project Execution Risk. Delays in large-scale EPC project timelines or cost overruns can negatively impact the company's financial performance.
Start your research today
Unlock AI insights, financials, peers and live data on Solex Energy and 5,000+ companies — free.
Peers · Heavy Electrical Equipment
As of Q1 FY27