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Solex Energy share price & results

Solex Energy Limited· Capital Goods· Industrials

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Indian solar PV module maker (4 GW capacity) and EPC contractor, expanding into cells and battery storage.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue259 ₹ crore+4.1% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin10.4 %−4.9 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit7.2 ₹ crore−68.2% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity38.83 %+6.5 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin0.99 %+16.8 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)107.49 %+63.5 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

4 of 7 judged targets kept · 9 open · verdicts reflect calls analysed to Q1 FY27.

Solex Energy Limited management guidance track record on Inve: 16 targets tracked across analysed earnings calls (4 achieved, 3 missed, 9 open).

TargetOriginal wordingSaidLatest callVerdict
PAT Margin6% to 7%
Call transcript, Q4 FY25 · 27 May 2025		Q4 FY25Q1 FY27:Final verdict from FY26. Promise is historical.
Call transcript, Q1 FY27 · 17 Aug 2026		Achieved
FY26 Revenue₹2,200 crores to ₹2,400 crores
Call transcript, Q4 FY25 · 27 May 2025		Q4 FY25Q1 FY27:Final verdict from FY26. Promise is historical.
Call transcript, Q1 FY27 · 17 Aug 2026		Missed
FY27 Revenue GuidanceINR 2,600 crores
Call transcript, Q4 FY26 · 18 May 2026		Q4 FY26Q1 FY27:Management reaffirmed guidance of ₹2,600 cr, but Q1 revenue of ₹265.6 cr puts them behind the required run-rate. Management cites H2-weighted business.
Call transcript, Q1 FY27 · 17 Aug 2026		At Risk

Source: Inve Guidance Tracker for Solex Energy Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

3 of Solex Energy Limited's 16 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 13 more targets are in the full ledger.

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Price

₹532.65 +1.10% · +₹5.8

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −63.7% 1Y

₹0.5k₹1.0k₹1.5k₹2.0kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 10 Nov 2025Q3 FY26 — 12 Feb 2026Q4 FY26 — 18 May 2026Q1 FY27 — 17 Aug 2026

1Y: ₹1,466.7 on 24 Oct 2025 → ₹532.65. High ₹1,918 (20 Nov 2025), low ₹526.85 (26 Oct 2026).

Previous close
₹526.85
Market cap
₹590 Cr
52-week range
₹526.85 – ₹1,918
One year
−65.41%
Price to earnings (TTM to Jun 2026)
7.39×
Return on equity (TTM to Jun 2026)
38.83%

Overview

Symbol
NSE:SOLEX
Industry
Industrials
Exchange
NSE
Currency
INR

What Solex Energy Limited does

Based on the company's own presentations, annual report and earnings calls.

Solex Energy designs, manufactures and deploys solar photovoltaic modules and systems from its fully automated, MES-driven production facility in Tadkeshwar, Kim (Gujarat), earning revenue from module sales as well as turnkey solar EPC (design, procurement, construction) and asset-management contracts. It sells P-Type Mono PERC and N-Type TOPCon modules under its own Tapi brand family alongside rooftop, off-grid, water-pumping and street-lighting solar products, and has begun backward integration into solar cell, wafer/ingot and battery-energy-storage (BESS) manufacturing under its Vision 2030 roadmap. Products carry BIS, UL, CEC, IEC, ISO and ALMM certifications that support both domestic government-scheme sales and export markets.

Segments

  • Solar PV Module Manufacturing
  • Solar EPC Services
  • Solar Products & Systems
Installed module manufacturing capacity
4 GW
Cumulative modules shipped
3 million+
Cumulative projects executed
10,000+
Export countries served
7 (Europe, North America, Africa, Middle East)
Domestic & international certifications held
15+
State presence within India
22+ states
Founded 2014 Company website

How the price took the results

close before → close after

Q1 FY27
−10.3%
17 Aug
Q4 FY26
+4.1%
18 May
Q3 FY26
−2.9%
12 Feb
Q2 FY26
−4.4%
10 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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